All articles by Leen Preesman – Page 5
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News
Retail is most profitable – Wereldhave
GLOBAL - With a net rental income of 16.3% and 15.7% respectively, retail and offices were the most profitable real estate asset classes, according to property investor Wereldhave. Industrial and residential buildings returned 4.1% and 0.6% respec...
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Zlote Tarasy keeps Rodamco’s profits down
Despite the complex’ opening in February, property investor Rodamco has not yet been able to benefit from its agreed interest in the retail part of Zlote Tarasy Centre in Warsaw. The firm is still discussing the "formalities of the fut...
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ING to significantly expand into Germany
GERMANY - ING Real Estate Management intends to significantly increase its presence in Germany in 2007, in order to profit from the continuing improving market fundamentals. In its annual report, ING Real Estate Group announced it also expects to ...
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DIM Vastgoed to sell entire retail portfolio
REAL ESTATE - The executive and supervisory boards of the property investor DIM Vastgoed are persisting on selling the company’s entire portfolio of US retail centres, they . Following this decision, DIM has signed an exclusive marketing ...
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Corio undertakes massive Paris office revelopment
REAL ESTATE – Property investor and manager Corio will redevelop and enlarge its Paris’ office building Le Newton into a high quality complex of 42,000 m2, it has announced. The €120m project will lead to an almost fourfold incre...
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ING in €100m Stuttgart retail deal
REAL ESTATE - ING Real Estate Development has sold its Stuttgart retail centre Canstatter Carre to property fund Encore+ in a €100m transaction. The complex – developed by ING - comprises of 37,000 metre2 of lettable area (including 15...
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DIM Vastgoed to sell entire US retail portfolio
REAL ESTATE – Dutch property investor DIM Vastgoed is considering selling its entire $505m (€380m) portfolio of US retail centres. The company aims to profit from the "current exceptionally favourable sellers’ conditions in...
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Vesteda in Netherlands mulls cross-border operations
REAL ESTATE - The €4.5bn residential Dutch property investor Vesteda is considering starting cross-border operations, it has announced. "The Netherlands has a closed housing market, in which the government decides the prices in almost...
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New Interpolis-Achmea property company names directors
REAL ESTATE - Three former directors of the merged property companies of Interpolis and Achmea will head up the new Netherlands-based organisation. The new real estate company, which is yet to be named, has appointed former Interpolis Vastgoed exe...
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Dutch 2006 commercial returns rise to 12.5%
REAL ESTATE - The total returns on all commercial property in the Netherlands were 12.5% in 2006, ROZ-IPD Netherlands Property Index has reported. Returns have increased for the fifth consecutive year, and were the highest since 2000, the property...
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ING bullish about global property fundamentals
REAL ESTATE - Global real estate fundamentals will remain healthy in most markets over the next 12 to 24 months, ING Real Estate predicted. "They will be supported by moderating but above-trend economic growth, improved earnings, and the con...
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Corio to issue €923m in notes to finance more retail projects
REAL ESTATE - Property investor and manager Corio is to issue €923m senior unsecured notes, to finance debt and pipeline projects. The issuance – in US dollars - will be made through a private placement to approximately 30 (institution...
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ING sells office and retail elements of Prague project
REAL ESTATE – ING Real Estate Development has sold the office and retail section of the A7 Arena Holesovice project in Prague. The €37m sale - 15,500m2 of gross lettable area and 200 parking spaces - was made to FHA Czech, a subsidiary...
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Wereldhave eyes expansion to east and west
REAL ESTATE – Property investor and manager Wereldhave is considering expansion into new markets, such as San Diego area on the US west coast and Turkey. "We will continue to renew our investments in conformity with our clients’ ...
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VastNed Group’s board still wants to merge funds
REAL ESTATE – Dutch property investor VastNed Group is still seeking its shareholders’ support for a merger of its investment funds Retail and Offices-Industrial, it said. "A combined fund is not only beneficiary to our listing, ...
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Corio acquires provincial retail centre in Turkey
Real Estate - Property developer and manager Corio has signed an agreement for the acquisition of a €49m retail centre under development in Turkey, the firm announced. The complex – AdaCenter, in the provincial capital Adapazari ?...
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Habas acquires Zeeman’s family 12% stake in Nieuwe Steen
REAL ESTATE – A major shareholder of property investor Nieuwe Steen Investments has sold its 12% stake to Israel-based Habas Group, the company announced. NSI founder Jo Roelof Zeeman and family have sold their shares for €22.24 each, ...
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Habas refrains from Nieuwe Steen offer
REAL ESTATE – Israeli property investor Habas HZ Investments will not make a public offer for a stake in the Netherlands based Nieuwe Steen Investments, the Dutch firm has said. At Habas’ request, NSI was investigating a possible strat...
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Fidelity launches Asia Pacific property fund
REAL ESTATE – Fidelity International has launched an Asia Pacific property fund, which will invest in real estate companies in both developed and emerging markets in the region, it has announced. "The fund will allow investors to benef...
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Corio acquires 49% of Italian retail centre
REAL ESTATE – Property owner and manager Corio has reached an agreement on the acquisition of a 49% stake in retail centre Citta Fiera in Udine, Italy, paying €87m. The centre comprises 70,800 square metres of gross lettable area in to...
