All Real Assets articles in Web Issue – Page 903
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PropertyEU Archive
Cordea Savills buys for London residential fund
Cordea Savills, the international property investment manager, has acquired the first two assets on behalf of its Prime London Residential Development Fund.
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PropertyEU Archive
Klépierre set to double cash pile by year-end
French REIT Klépierre will see its liquidity more than double to EUR 2 bn by end-2012 thanks to a string of disposals and successful bond issues in the past 12 months, CEO Laurent Morel told PropertyEU. ‘We are well on schedule...we do not need to do any significant refinancing ...
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PropertyEU Archive
LBO France denies Paris sale to Qataris
LBO France has denied that the buyer of the historic Lido asset at 116 bis Champs Elyse´es in Paris is the investment management arm of DTZ, on behalf of the Qatari sovereign wealth fund.
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PropertyEU Archive
Klépierre opens mall extension in Eastern Paris
French REIT Klépierre has completed the extension to its major Les Sentiers de Claye-Souilly shopping centre in eastern Paris following two years of construction work.
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PropertyEU Archive
Chris Townsend to head EUR 2.5b UK leisure project
London Resort Company Holdings (LRCH), the development vehicle driving plans for a £2 bn (EUR 2.48 bn) leisure destination in the southeast of England, has appointed Chris Townsend to the board as commercial director.
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PropertyEU Archive
Henderson acquires German logistics at 8% yield
Henderson Global Investors has started investing on behalf of a new German logistics property vehicle.
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PropertyEU Archive
Corestate plans EUR 80m student hall in Vienna
Swiss real estate investor Corestate has acquired a land plot in Vienna for a 25,000 m2, student housing-led development. The project will deliver 500 residential units in a scheme with an anticipated market value of EUR 80 mln.
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PropertyEU Archive
Gazprom fills space at St Petersburg's Airportcity
An Austrian real estate joint venture has leased two-thirds of the office space at its Airportcity mixed-use scheme in St Petersburg to a subsidiary of Russian energy giant Gazprom.
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PropertyEU Archive
Allianz Real Estate buys in Brussels
Allianz Real Estate has purchased the Express South office building in Brussels. Financial details were not disclosed.
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PropertyEU Archive
LGP appoints Rob Codling to Managed Fund
Legal & General Property has appointed Rob Codling as a senior asset manager within its £1.4 bn (EUR 1.7 bn) Managed Fund, further strengthening its in-house asset management team.
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PropertyEU Archive
JV buys Sharp base in Hamburg
German project developer Köhler & von Bargen Immobilien and fund manager Picom from Hamburg have acquired a 33,000 m² site in Hamburg from electronics company Sharp. The transaction took the form of a sale-and-leaseback deal and the financial details were not disclosed.
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PropertyEU Archive
Italy's Cilento outlet village opens its doors
Italian developers Irgenre and Promos have announced that their Cilento outlet village is opening its doors this week in the southern Italian region of Campania.
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PropertyEU Archive
Skies darken over French real estate
Prospects for the French real estate market have worsened in the past 12 months and the outlook for 2013 is darkening, according to Olivier Mege, deputy managing director for Southern Europe and France at IPD. 'We expect investment volumes to go down vis-à-vis 2011-12,' he said at PropertyEU's recent Outlook ...
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PropertyEU Archive
New lenders spark legal debate in Germany
The growth of new lenders is creating a need for new structures and standards in Germany, according to Stephan Kock, partner and head of international finance at law firm Ashurst.
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PropertyEU Archive
Lone Star bags German state assets for EUR 1.1b
US private equity firm Lone Star has bought a mixed-asset portfolio from German state-owned property company TLG Immobilien for EUR 1.1 bn, the finance ministry announced on Wednesday.
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PropertyEU Archive
Allianz eyes EUR 500-700m loan portfolio in France in 2013
German insurer Allianz aims to boost its French lending portfolio to between EUR 500 and EUR 700 mln in 2013, the company’s new head of real estate financing in France told PropertyEU.
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PropertyEU Archive
M&G Property buys UK warehouse for EUR 27.4m
The M&G Property Portfolio has purchased Heritage House, a distribution warehouse in northern London, for £22.1mln (EUR 27.4 mln). The deal reflects a net initial yield of 6.95%.
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PropertyEU Archive
Starwood raises EUR 282m in debt fund IPO
Starwood Capital has raised £228 mln (EUR 282 mln) in the initial public offering of shares for its first European real estate debt vehicle on the London Stock Exchange.
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PropertyEU Archive
Tristan acquires Birmingham's Cube at 8.4% yield
Tristan Capital Partners' European recovery vehicle EPISO 3 has acquired The Cube building in Birmingham days after the fund raised EUR 170 mln of commitments in a first close. The investment volume for the transaction was not disclosed but Tristan said it reflected a net initial yield of 8.42%.
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PropertyEU Archive
Swiss firm acquires Clerestory
Swiss alternative investment manager LGT Capital Partners has acquired Clerestory, a New York-based investment and advisory firm that provides investors with global access to real estate via funds, co-investments and secondary investments.
