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| Monday 11 August 2008 |
Category: Real Estate |
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Caam Re buy a €35M building
Caam Real Estate Italia Sgr has signed a preliminary agreement for the purchase of a commercial building located in Milan. It will be allocated among two funds- Fondo Caam Re Italia and Fondo Caam Re Europa- for an overall value of €35M. The gross starting return rate is 6.34%. The transaction should close by September the 30th.
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| Friday 08 August 2008 |
Category: Real Estate |
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Beni Stabili: pre-purchase agreement for a skyscraper located in Turin
Beni Stabili signed a pre-purchase agreement for a property sale located in Turin to a private investor. It is the Lancia skyscraper, with a total area of 7.416 sqm. The final price is € 6,4M related to a book value of €3,9M million and a market value of € 5,4M. The closing is expected by the end of October 2008.
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| Monday 04 August 2008 |
Category: Real Estate |
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Estcapital: 600M to invest looking for new opportunities
Estcapital and Palladium AM have approved the half-year reports of the nine REfunds, closed with a total of assets equal to € 971,6m divided in € 867,4m million in property and € 83,9m of cash. This liquidity that summed the subscriptions yet to call of 122 million, bring the cash value to 205.9 million, with a capacity of new investment of more than 600 million.
At 30 June 2008, the funds mean leverage was equal to 45.8%, while the debt/equity was 43.8%. The performance of the main funds stood in line with the best performance. In particular, the Fund Realest I scored an annual IRR of 32.10%, the Real Red Fund 23.3%, the Geo Ponente 21, 4% and the RealEmerging Fund, 10%.
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