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» Chronological View: " Economy & Financial " «

BBS Capital arranges acquisition facility with Octopus Property in London

BBS Capital has arranged, on behalf of a private client, a £31.3 million (€35 million) facility with Octopus Property, for the acquisition of a permitted development deal in London. The buyer has purchased a 170,320 sq ft office portfolio in Brentford, West London, from Columbia Threadneedle Investments, for £48.15 million (€...
Mittwoch, 22. November 2017

Cushman & Wakefield and ShareSpace join up

In September 2017, Cushman & Wakefield signed a strategic partnership agreement with Polish start-up ShareSpace, recognizing the rapid growth of modern coworking office space for start-ups and SMEs, and changing office lease preferences of large corporations. Both partners will work together to further their expansion and pro...
Mittwoch, 22. November 2017
Hunter rearms UK Retail Unit Trust with €49.5 million

Hunter rearms UK Retail Unit Trust with €49.5 million

Hunter Real Estate Investment Managers has raised an additional £44 million (€49.5 million) of equity for its UK Retail Unit Trust, following revised financing and the sale of one of the fund’s Edinburgh assets. The Hunter UK Retail Unit Trust, which focuses on investing in underutilised retail assets situated in town centres...
Mittwoch, 22. November 2017
Redefine International appoints Liz Peace as an independent Non-Executive Director

Redefine International appoints Liz Peace as an independent Non-Executive Director

Redefine International has appointed Liz Peace as an independent Non-Executive Director of the company, with effect from 21 November 2017. Peace, 65, has over 40 years' experience working across both the public and private UK real estate sectors. She spent 13 years as CEO of the British Property Federation, the body that repr...
Mittwoch, 22. November 2017

Cording invests in private rented sector with build to rent project in Nottingham

Cording Real Estate Group has agreed its first build to rent investment in the UK private rented sector (PRS). Cording has entered into a forward-funding agreement in excess of £40 million (€45 million) with the Cassidy Group and Regency Project Management Limited for a development in Nottingham. The development, called Saffr...
Mittwoch, 22. November 2017

CBRE Global Investors closes Asia Value-Added Fund with €850 million equity commitments

CBRE Global Investors announced the final closing of CBRE Asia Value Partners IV with equity commitments totalling $1 billion (€850 million) from 21 institutional investors in the Americas, Asia Pacific and EMEA. This includes equity commitments to the fund and to its co-investment vehicles.
Mittwoch, 22. November 2017

Helaba's pre-tax profits fell 8,6%

As expected, the on-going phase of zero and negative interest rates also dampened the nine-month result of Landesbank Hessen-Thüringen (Helaba): Helaba Landesbank Hessen-Thüringen generated pre-tax profits of €381 million in the first nine months of 2017, a decline of €36 million compared to the very good result achieved in ...
Mittwoch, 22. November 2017
Henderson Park and Hines form European student accommodation joint venture

Henderson Park and Hines form European student accommodation joint venture

Henderson Park and Hines have formed a joint venture to pursue value-added investments in the European student accommodation sector. This is the second joint venture that Henderson Park and Hines have formed, following shortly after their acquisition of the Ledra Marriott hotel in central Athens in June.
Mittwoch, 22. November 2017
Klaus Gehlenborg joins Internos as Transaction Manager

Klaus Gehlenborg joins Internos as Transaction Manager

Internos Global Investors has reinforced its German team by appointing Klaus Gehlenborg as Transaction Manager. His responsibilities include the acquisition of commercial real estate in Germany for numerous client instructions managed by Internos. He reports to Ole Sichter, Head of Transactions Germany.
Mittwoch, 22. November 2017

Coima acquires rights on more than 32,000 sq m in Porta Nouva in Milan

Coima SGR was awarded the allocation of a communal area of 32,208 square metres, entirely located within the Porta Nuova area, located between the streets Melchiorre Gioia, Pirelli and Sassetti, by the municipality of Milan. The transaction, worth €78,888 million, was funded by the Coima Opportunity Fund II fund, reserved for...
Mittwoch, 22. November 2017

Real estate investments are not slowing down

Poland and the Czech Republic remain the leaders in Central and Eastern Europe, where the total acquisition volume amounted to some 60% of all the region’s transactions in H1 2017.
Mittwoch, 22. November 2017
EPP bolsters Retail Asset Management team

EPP bolsters Retail Asset Management team

EPP with the dynamic expansion of its portfolio decided to build a specialised leasing and asset management department. The new team will handle all portfolio and asset management functions, including the commercialisation and re-commercialisation of available space.
Dienstag, 21. November 2017

Corestate achieves a positive turnaround of Hannover Leasing and raises forecast

Corestate Capital Holding S.A. continues on its course of dynamic and profitable growth. After nine months, its aggregate revenues amounted to € 83.4 million, more than 111% higher than for the prior-year period (€ 39.6 million). The adjusted net profit for the year grew by 121% to € 26.9 million (prior-year period: € 12.1 mi...
Dienstag, 21. November 2017

Corestate to launch €150 million convertible bond

The Corestate Capital Holding S.A. resolved today to launch an offering of senior, unsecured convertible bonds, due 2022 in an initial aggregate nominal amount of €150 million. The real estate company is entitled to increase the aggregate issue size by up to €50 million and the maximum issue size can therefore amount to €200 ...
Dienstag, 21. November 2017

TLG Immobilien issues first bond

Today, TLG Immobilien AG announced the successful placement of unsecured, fixed rate standalone notes in an aggregate nominal amount of €400 m with a denomination of €100,000. The Notes are issued at an issue price of 99.735%, are due on 27 November 2024 and will bear interest at a rate of 1.375% per year and a total yield of...
Dienstag, 21. November 2017

Changes of members of the supervisory board and the management board of WCM

The supervisory board of WCM Beteiligungs- und Grundbesitz-Aktiengesellschaft has appointed Peter Finkbeiner and Niclas Karoff as members of the management board with immediate effect. Until 30 November 2017 the management board of WCM therefore consists of four members. As already communicated, Stavros Efremidis and Ralf St...
Dienstag, 21. November 2017

Resolution Property opens new Paris office

Resolution Property has expanded its operations in the European retail sector, opening its first overseas office in Paris and recruiting an outlet specialist. Resolution Property has appointed Mayte Legeay to the Asset Management team. Legeay will oversee the asset management of the current portfolio of outlets under the comp...
Dienstag, 21. November 2017

Redefine International changes its name to RDI REIT

Redefine International P.L.C. will be changing its name on 1 December 2017 and rebranding to RDI REIT P.L.C., short for Real Estate Diversified Income REIT. The abbreviated name of the company will change to RDI. The change of name will take effect from 8:00 am on Friday, 1 December 2017.
Dienstag, 21. November 2017