Latest reports – Page 3472
-
PropertyEU Archive
Altarea raises EUR 375m, ABP acquires a stake in the company
French retail developer Altarea said on Wednesday it had raised EUR 375mln via a capital increase launched on 16 June 2008. 'In a bleak economic, financial and stockmarket climate, this result attests to the confidence of existing shareholders,' the company said in a statement. Over two million new shares were ...
-
PropertyEU Archive
Olivier Piani appointed new global head of real estate at Allianz
Allianz Alternative Assets (AAA) has appointed Olivier Piani (54) as global head of Real Estate with effect October 1, 2008. In his new role Olivier Piani will establish and implement a global real estate investment platform for Allianz Group, combining its regional real estate units under one roof.
-
PropertyEU Archive
First Industrial enters France and Germany
First Industrial Realty Trust, a provider of industrial real estate supply chain solutions, announced on Wednesday it is expanding into France and Germany. The Chicago-based company has hired Christophe Chauvard as country director in France and Oliver Drecker as country director in Germany, to lead the expansion into these markets.
-
PropertyEU Archive
Hard Rock appoints C&W as European property adviser
Hard Rock International has appointed property consultant Cushman & Wakefield as its property adviser across Europe. Hard Rock International currently has 127 high-energy Hard Rock Cafes in 48 countries and is looking to open a significant number of new outlets in Europe within the next three years. Priority locations include ...
-
PropertyEU Archive
Valad, Schaumann team up in Copenhagen development JV
Australian-listed Valad Property Group has formed its first ever joint venture with Danish developer Schaumann Properties to handle the capital and finance structuring on a number of development projects, the first being a 50:50 partnership concerning the Krystallerne office development in Copenhagen's South Harbour.
-
PropertyEU Archive
Immobel, Deximmo sells Omega Court project
Belgian property company Compagnie Immobilière de Belgique (Immobel) and Dexia Group's real estate unit Deximmo said on Wednesday they have completed the Omega Court project and have sold their entire share holding to Cofinimmo for an undisclosed amount. The five-storey complex is in an ideal location at Auderghem, close to ...
-
PropertyEU Archive
DTZ reports 44% increase in group revenue but profits down
Property adviser DTZ posted a 44% increase in group revenue to £446mln (EUR 561mln) up from £310mln (EUR 390mln) for the same period in 2007, in its preliminary results for the year ended 30 April 2008. The increased revenue was achieved through the impact of acquisitions such as Donaldsons and ...
-
PropertyEU Archive
LaSalle opens new Italian office
LaSalle Investment Management this week announced the opening of a new Italian office in Milan. The Milan operation will be headed by Francesco Coviello, who joins LaSalle as head of Acquisitions Italy, reporting to Andy Watson, head of Acquisitions for Southern Europe. Francesco joins LaSalle from Redevco where he was ...
-
PropertyEU Archive
Aberdeen PI appoints new managing director
Aberdeen Property Investors Deutschland has announced a reinforcement of its management team within its growth strategy. From 1 August 2008, Fabian Klingler (39) will be joining the management board. Fabian Klingler joined Degi in 2001 and one year later he built up the department for Fund Management & Treasury, Portfolio ...
-
PropertyEU Archive
Meinl EL poaches property director from J Sainsbury
Meinl European Land (MEL) announced on Wednesday that J Sainsbury's current property director Peter Baguley has agreed to become an independent non-executive director of MEL. Baguley is also on the advisory boards of the British Council of Shopping Centres and is a member of the Bank of England Property Forum.
-
PropertyEU Archive
LaSalle IM sets up 'special situations' team
LaSalle Investment Management is to establish a 'Special Situations' team for the UK and Continental Europe. The new team will primarily be responsible for evaluating potential corporate level acquisitions, structured debt and equity opportunities and will be targeting the higher risk/return end of the investment spectrum.
-
PropertyEU Archive
Dublin office market shows signs of weakening
Office occupier demand is weakening on the back of deteriorating economic conditions, which could impact on office letting activity in the capital in 2009, according to a survey by property consultants CB Richard Ellis (CBRE) published on Wednesday. The finding was issued despite good letting activity and a number of ...
-
PropertyEU Archive
Spazio Investment sells Italian assets for EUR 56m
Spazio Investment's fully-owned Italian fund Spazio Industriale has sold a portfolio of 28 assets let to Telecom for total cash proceeds of EUR 26.3 mln, or a yield of 5.8%. The fund has also sold a building let to Prada in the Italian city of Arezzo for another EUR 12.2 ...
-
PropertyEU Archive
TMW Immobilien Weltfonds enters London
German investor TMW Pramerica Property Investment, on behalf of its TMW Immobilien Weltfonds unit, has entered London with the acquisition of the 85 Fleet Street office building for some £85 mln (EUR 107 mln). The nine-storey building has 9,000 m[sup]2[/sup] of office space mostly let to law firm Fullbright & ...
-
PropertyEU Archive
Arques Industries sells to WP Carey
Starnberg-based Arques Industries has sold two properties to US property fund W.P. Carey. The transaction amount comes to approximately EUR 32 mln. The German company has sold the headquarters of Actebis Peacock in Soest and a logistics centre in Bad Wünnenberg, in the German North Rhine-Westphalia region.
-
PropertyEU Archive
Cordea Savills acquires first asset for European Fund
International property fund manager Cordea Savills said on Tuesday that it has completed the first acquisition for its European Commercial Fund. The fund, which invests in commercial assets across the major economies of Western Europe, has purchased a retail warehouse in Vaxjo, Sweden, for EUR 30 mln. The 22,894 m[sup]2[/sup] ...
-
PropertyEU Archive
Martinsa Fadesa's CEO to leave company
Carlos Vela, chief executive of Spanish group Martinsa Fadesa, is leaving the real estate company to head Cibeles Corporación, a new financial unit of Caja Madrid to be launched this summer, Spanish newspaper Cinco Dias reported on Tuesday. According to the paper, the company plans to send a statement to ...
-
PropertyEU Archive
'Real estate to benefit from asset allocation shifts'
Investment allocation to real estate has emerged as a distinct trend and confirmed its place as a main asset class in many European markets, according to the European Institutional Asset Management (EIAMS) 2008 survey. EIAMS, which has tracked the development of alternatives since 2002, also found that Exchange traded funds ...
-
PropertyEU Archive
Inrev: Funds of funds gain appeal in non-listed sector
The non-listed real estate funds of funds sector is growing strongly and appealing to a broad range of investors, according to the results of a new survey released by the industry body Inrev. Large institutional investors are using the vehicles to gain access to emerging markets and 'best-in-class' managers while ...
-
PropertyEU Archive
DTZ, CBRE seal one of Scotland's largest lettings so far in 2008
Real estate services firms DTZ and CBRE have joined forces to broker one of the largest industrial lettings so far this year in Scotland. The two real estate advisors said that logistics company Kuehne + Nagel is leasing the 50,000 sq ft (4,650 m2) Vista Point warehouse at Hamilton International ...
