| Herald makes ?30 million retail warehouse park acquisition in Giessen (DE) |
| Thu, 11 Mar 2010 01:55:00 +0100 |
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Henderson Global Investors’ €900 million pan-European retail property fund, Herald has acquired the Real Hypermarket & Gallery, a retail warehouse park in Giessen, Germany for approximately €30 million from the Metro Group, reflecting a yield of around 8%.
The 17,996 m² property is fully let to 16 tenants and is anchored by a Real Hypermarket and Saturn, a major German specialist electrical retailer. The recently refurbished asset is situated close to major highways near Frankfurt, the largest |
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| Property fund manager CB Richard Ellis Investors launches Defined Contrinution Fund (UK) |
| Thu, 11 Mar 2010 01:42:00 +0100 |
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CB Richard Ellis Investors, the global real estate investment management firm, announced the launch of a UK direct property fund for Defined Contribution (DC) pension investors. The CB Richard Ellis UK Property Fund received FSA approval on 25 February, which, for the first time, will allow DC pension investors access to a fund run by a purely property specialist investment manager.
This marks a significant development for CBRE Investors, who have managed funds on behalf of Defined Benefit (DB) |
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| Vastned Retail acquires high street shop in Istanbul for ?18 million (TR) |
| Thu, 11 Mar 2010 01:16:00 +0100 |
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The pan-European retail property fund VastNed Retail has acquired a high street shop at Istiklal Caddesi 85 in Istanbul. The acquisition concerns a retail property of 3,200 m² in total located on the very prime part of Istiklal Caddesi, the most popular shopping street in Istanbul. VastNed Retail already owns three shops on this street, which most Saturdays has a pedestrian flow of over one million people.
The historical building will be renovated throughout, creating highly efficient shop floo |
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| Domestic investors will see international players snap up Madrid's larger lots (ES) |
| Thu, 11 Mar 2010 01:06:00 +0100 |
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Madrid’s office investment market is set for further foreign investor activity in 2010 as the trend for sale and leaseback transactions continues beyond the banking sector. These larger lot sizes will price out domestic investors according to international property advisor Savills.
Savills reports that sale and leasebacks, which accounted for 33% of the investment market in 2009, will continue across all sectors and these typically larger sales will attract specialist foreign buyers. Research s |
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| Colworth Science Park lays foundations for new enterprise hub (UK) |
| Thu, 11 Mar 2010 01:00:00 +0100 |
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Construction work is underway on The Exchange - a new enterprise hub at Colworth Science Park, Bedfordshire, which is being developed by Unilever and leading research and business space provider Goodman.
Contractor Kier is carrying out the construction work and the development is expected to be completed in January 2011.
Designed by architects RMJM, The Exchange, is named to reflect its open innovation design that will help drive the exchange of knowledge and ideas. The complex will provide |
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| Warimpex and UBM and Vienna International open sixth angelo design hotel in Katowice (PL) |
| Thu, 11 Mar 2010 00:51:00 +0100 |
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Real estate developers Warimpex and UBM and hotel management firm Vienna International have opened their sixth angelo design hotel after Prague, Bucharest, Munich, Pilsen and Ekaterinburg: the angelo Hotel in Katowice, Poland. The 4-star hotel, with 203 rooms and eight conference rooms, is specially geared towards the needs of the many business travellers who visit the commercial and industrial city of Katowice.
The city of Katowice (pop. 340,000) is one of the most important centers of busines |
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| ECE and Berlin Hyp sign ?111 million loan contract for Galeria Kaskada in Szczecin (PL) |
| Wed, 10 Mar 2010 02:33:00 +0100 |
ECE Projektmanagement and the Real Estate Finance Business Division of Landesbank Berlin AG and Berlin Hyp, the two strong partners on the real estate market, signed the loan contract for the construction of Galeria Kaskada in Szczecin, Poland. The total credit value amounts to €111 million. With the financing available the construction of Galeria Kaskada will now start in full scale in order to reach the planned opening date in the fall 2011. The complete investment of the project sums up to € |
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