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Monday, 21 April 2014
Qatar's sovereign fund QIA has invested in debt and equity of Spanish listed Colonial and also become the second largest shareholder in French REIT Société Fonciere Lyonnaise via ownership of a Dubai firm that bought 8.55%, informed sources say. Britain's RBS used the Qatari arrival in SFL to sell its 7.2% stake.
One of Spain's newest listed firms, Hispania Activos Inmobiliarios, has made its first allocation from the ¤550m capital collected from big name international investors, with a ¤21.5m all-equity acquisition of a Marbella hotel resort.
Hamburg-based property investment manager Union Investment Real Estate has bought a large office complex in the south of Amsterdam for ¤244m from Commerz Real, the investment fund manager of Germany’s Commerzbank.
BNP Paribas REIM Germany, the Munich-based manager of the French bank's real estate arm, has entered Dutch housing for the first time, acquiring a portfolio of 265 flats for ¤40m on behalf of a German pension fund client.
Spanish housing sales rebounded by 40% in February over the year-earlier month, and prices climbed by 0.6%, says the s General Council of Notaries. But the rise in both volume and prices was more muted than in January.
Ireland’s bad bank NAMA has put up for sale the Redwood Portfolio in Dublin, 30,300 sq.m. of office, retail and residential space, at an asking price of ¤160m - looking to capitalise on burgeoning global appetite for prime Irish assets.
French REIT Klépierre's says the closure on Wednesday of its ¤1.98bn sale of shopping centres in France, Spain and Italy, anchored by grocery giant Carrefour, will give it a more cohesive European portfolio of 130 malls worth ¤13.4bn.
European property debt sales are likely to hit ¤50bn this year, led by disposals by Irish and British banks, says advisor Cushman & Wakefield, raising its forecast from ¤40bn following a busy start to 2014. US opportunity fund Lone Star topped the list of buyers.
Aberdeen Asset Management Germany is to pay ¤160m to investors in its open-end fund Degi International, in liquidation - nearly 20% of asset value of ¤868m. Some ¤610m of properties are left, and the fund faces a final deadline of October.
China’s second largest hotel group, New Century Tourism based in the city of Hangzhou, has won a permit for its ¤25m refurbishment of the former Golden Tulip Hotel in Offenbach east of Frankfurt to cater for Chinese tourists.
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