All Real Assets articles in Web Issue – Page 894
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PropertyEU Archive
MAPIC: H&M renews lease with Vastned in Dunkirk
Listed European retail property fund Vastned has renewed its lease with the H&M chain at Centre Marine shopping centre in the French port city of Dunkirk.
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PropertyEU Archive
Union Investment rejigs property managment of German portfolio
Union Investment has entrusted the management of its existing German properties, comprising office and commercial premises as well as hotels, to EPM Assetis and Strabag Property and Facility Services. The 150-odd German real estate assets involved have a total value of EUR 4.2 bn, with each partner taking responsibility for ...
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PropertyEU Archive
JLL mandated to sell historic palace in Rome
Italia Turismo, part of Italy's National Agency for the Attraction of Investments and Corporate Development, has mandated Jones Lang LaSalle on an exclusive basis to sell the historic Palazzo Medici Clarelli in the historic centre of Rome.
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PropertyEU Archive
MAPIC: ICSC voice strengthened by Nordic and Italian membership
The Nordic and Italian Councils of Shopping Centres have agreed to work more closely with the International Council of Shopping Centers (ICSC) in the future, strengthening the voice of the global membership organisation, ICSC said. The two councils are the latest national shopping centre bodies to sign such agreements in ...
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PropertyEU Archive
MAPIC: McArthurGlen looks 'seriously' at Turkish market
McArthurGlen, the UK-based outlet centre specialist, is looking 'seriously' at the Turkish market, CEO Gary Bond told PropertyEU at the Mapic retail fair in Cannes this week.
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PropertyEU Archive
Deutsche EuroShop buys 55,000 m[sup]2[/sup] mall near Hamburg
Deutsche EuroShop has acquired the Herold-Center in Norderstedt, on the northern outskirts of Hamburg. The investment volume is around EUR 187 mln, reflecting an initial yield about 6.1%.
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PropertyEU Archive
Norwegian investor acquires 21,000 m[sup]2[/sup] office property in Stockholm
Norwegian investor KLP Eiendom has acquired the Klamparen 10 property in Stockholm from listed Swedish company Fabege.
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PropertyEU Archive
SPS buys 170,000 m[sup]2[/sup] business park in Switzerland
Listed real estate investor Swiss Prime Site (SPS) has purchased the Riverside Business Park in the Swiss canton of Solothurn from an unnamed foreign vendor. The investment volume for the 170,000 m[sup]2[/sup] site near to the River Aare comes to CHF 90 mln (EUR 75 mln).
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PropertyEU Archive
What lies in store for core Western markets in 2013?
Two very large investment transactions in France and Germany recently helped confirm their status - along with the UK - as perceived safe havens for cross-border real estate investors in an otherwise turbulent European landscape.
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PropertyEU Archive
Foncière des Murs issues a EUR 255m secured bond
Foncière des Régions' hospitality arm Foncière des Murs has issued a EUR 255 mln secured bond with a coupon of 3.682%.
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PropertyEU Archive
TAG wins TLG resi portfolio with EUR 471m bid
German listed property group TAG Immobilien has emerged as the winner for the TLG Wohnen residential portfolio being privatised by the German state.
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PropertyEU Archive
France's SFL places EUR 500m bond
French REIT Société Foncière Lyonnaise has completed the placement of a EUR 500 mln five-year bond with a coupon of 3.5%.
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PropertyEU Archive
Sagax, Hemfosa JV buys Swedish assets for EUR 54m
Söderport Fastigheter, a 50-50 joint venture between Swedish investors Sagax and Hemfosa Fastigheter, has acquired a mixed-use portfolio for SEK 470 mln (EUR 54 mln), reflecting a yield of 9%. The vendor is Swedish motor vehicle inspection company Bilprovningens.
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PropertyEU Archive
Lloyds sells loan portfolio to Apollo at 90% discount
Lloyds Banking Group has announced the sale of a EUR 1.8 bn portfolio of Irish commercial real estate loans to Risali, an entity affiliated with Apollo Global Management. The transaction price amounts to £149 mln (EUR 185 mln) in cash, reflecting a nearly 90% discount to value.
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PropertyEU Archive
GE Capital, STE sell Paris business park
Realy, the real estate investment arm of Yam Invest, has acquired the Centrale Parc business park in the Paris region from a joint venture of GE Real Estate and Société de la Tour Eiffel. The financial details were kept confidential.
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PropertyEU Archive
Europa Capital launches UK mezzanine debt business
Europa Capital Partners has rolled out a mezzanine debt financing business focused on the UK.
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PropertyEU Archive
Skanska to develop another 200,000m[sup]2[/sup] of office space in CEE
Construction and development giant Skanska's plans to launch 200,000 m[sup]2[/sup] of new office projects, for an investment of EUR 100 mln, in Central and Eastern Europe (CEE) over the next two years.
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PropertyEU Archive
Ethan Allen opens its 1st European flagship store in Brussels
American retailer Ethan Allen International is taking a lease on a building on the Place du Grand Sablon 37 in Brussels for its first flagship store in Europe.
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PropertyEU Archive
Investors buy EUR 1b of Russian property in Q3
Russian real estate investment volumes came to $1.3 bn (EUR 1 bn) in the third quarter of 2012, according to new research by property adviser CBRE.
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PropertyEU Archive
JV flips seven Mercury properties to CBRE GI for EUR 80m
A joint venture between Mountgrange and Patron Capital has sold on seven properties to CBRE Global investors for £64 mln (EUR 80 mln) following the acquisition of the 24-asset Mercury portfolio from Henderson Global Investor's CMBS Caspar fund.
