All Real Assets articles in Web Issue – Page 10
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PropertyEU Archive
Retail professionals gather in Cannes
Mapic 2006, the international retail trade fair, opens in the French Riviera city of Cannes on Wednesday, and a record 8,000 delegates are expected to attend. This is a 19% increase compared with last year. The number of companies exhibiting at the event has risen 18%. France, Italy, the UK, ...
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PropertyEU Archive
First edition of Office & Retail fair in Lisbon
Portugal is to host its first International Office & Retail real estate fair from November 22 to 26. The fair - Salão Internacional de Serviços, Mobiliário, Equipamentos para Escritórios e Espaços Comerciais in Portuguese - is being held in pavilion four in the International Fair (FIL) centre at the Parque ...
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PropertyEU Archive
Continental European retail investment may exceed EUR 20 bn in 2006
A total of EUR 14.6 bn was transacted in continental European retail real estate in the first nine months of 2006, almost matching the total of EUR 14.7 bn for all of 2005, according to new research published by Jones Lang La Salle at the start of the Mapic trade ...
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PropertyEU Archive
Alan Grupo Inmobiliario invests EUR 45 mln in residential complex
Alan Grupo Inmobiliario, the Spanish Real Estate company, is investing in the construction of a 14,000 m[sup]2[/sup] residential complex in Puerta de Hierro, in Madrid. The complex, called Residential Alborada, consists of 96 buildings and green areas amounting to 3,500 m[sup]2[/sup]. The company is investing EUR 45 mln in the ...
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PropertyEU Archive
Hercesa acquires property in Romania for 800 houses
Hercesa, the Spanish real estate group owned by the Cercadillo family, has acquired a 18,000 m[sup]2[/sup] plot in Orhideer in the west part of Bucarest. The company said the site will house a 80,000 m[sup]2[/sup] residential area and announced the construction of 800 homes in the next few years. The ...
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PropertyEU Archive
Westbrook and Stam Europe acquire warehouse portfolio
Westbrook Partners, a Boston-based real estate company, and Paris-based commercial property group STAM Europe have teamed up to acquire a portfolio of seven French warehouses, comprising a total of 90,000 m2, for EUR 41 mln. Six of these assets are situated in the Paris region, and one in Lyons. ...
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PropertyEU Archive
St Martins acquires largest mall in Europe
St Martins Property, the UK-based property development and investment company, has agreed to buy Cevahir shopping centre in Istanbul for about EUR 750 mln. Cevahir, Europe's largest shopping centre, opened at the end of 2005. The six-storey mall has 320 units, which are let to national and international retailers, ...
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PropertyEU Archive
Kardan in residential deal with Deutsche Bank affiliate
Kardan, the listed Dutch-based real estate company, has announced its real estate subsidiary, Globe Trade Centre, will develop residential property in Romania and Hungary together with RREEF, an affiliate of Deutsche Bank.
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PropertyEU Archive
Keller appointed to chair RICs Netherlands
Peter J. Keller MRE MRICS has been appointed the new chairman of the Dutch branch of the Royal Institution of Chartered Surveyors (RICS). Keller (49), the director of property management at residential property fund Vesteda, replaces Paul Stotesbury FRICS, who has led RICS Netherlands for eight years. RICS was established ...
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PropertyEU Archive
European shopping centre bonaza set to continue
Shopping centre completions continue at a record level in Europe, with 8 million m[sup]2[/sup] due to open in 2006-2007, property advisor Jones Lang LaSalle said in a report timed to coincide with the start of the Mapic retail real estate trade fair in Cannes, France. 2005 was also a ...
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PropertyEU Archive
Socialists set up working group to boost Spanish rental market
PSOE, the Spanish socialist party, has formed a working group to help boost the residential rental market in Spain, EFE, the national news agency, reported. The proposals made by the Grupo de Trabajo de Vivienda de Alquiler will apply to local, central and regional government level and will form the ...
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PropertyEU Archive
Skanska offers commission-free trading to small shareholders
Swedish construction company Skanska has offered its shareholders with holdings of between 1 and 199 shares to increase their holdings to one round lot (200 shares) or to sell their entire holding back to the company, without paying trading fees. The offer is being made in partnership with Swedbank Markets ...
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PropertyEU Archive
Turkey offers great opportunities, Mapic hears
The risks of investing in Turkish real estate will loom less large as long as the presidential and parliamentary elections pass off in an orderly fashion and Turkey remains a stabile in 2008, Ali Zeki Pamir, director of DTZ Pamir & Soyeur told the Mapic international retail real estate fair ...
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PropertyEU Archive
IVG may go on EUR 100-200 mln Christmas shopping spree
IVG Immobilien, Germany's largest commercial real estate company, may buy properties worth as much as EUR 200 mln by the end of December, the company's ceo Wolfhard Leichnitz has disclosed during a conference in Germany.
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PropertyEU Archive
Inmocaral sees Colonial merger by early 2007
Luis Portillo, president of Colonial and Inmoracal, has said the merger of the two Spain-based companies should be completed by the first quarter of 2007 or the beginning of the second.
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PropertyEU Archive
Milanofiori sells office development for EUR 91.25 mln
Milanofiori 2000, a subsidiary of Italian property investment group Brioschi Finanziaria, has sold two office projects in the south of Milan to the Polis Fund management company for EUR 91.25 mln, property advisor Savills has said.
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PropertyEU Archive
Business Improvement Districts need active owners - Mapic
Business Improvement Districts (BID) perform best when they are owner driven rather than tenant driven, Matthew Bauer of the Madison Avenue Business Improvement District and Gary Reeves of the New West End Company said at Mapic, the international market for retail real estate, in Cannes.
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PropertyEU Archive
Emirate of Dubai buys famous London art deco building
Istithmar PJSC, a private-equity company owned by the government of Dubai, has bought the Adelphi, one of London's best-known art deco buildings, for about £300 mln (EUR 442 mln).
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PropertyEU Archive
Befimmo results lower than expected
Belgian asset management company Befimmo has said it is upbeat about 2007 following a substantial increase in the value of its portfolio in the last 12 months. The company reported net result of EUR 65,989 mln for the book year compared with EUR 64,852 a year earlier.
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PropertyEU Archive
DEGI makes first institutional investment in Belgium
DEGI, the real estate investment company of German insurer Allianz Group, has purchased its first property in Belgium for its open-ended fund DEGI Global Business. The nine-storey property with 19,472 m[sup]2[/sup] of office space in Liege was purchased from Belgian company Confinimmo for EUR 31.3 mln. The property is located ...
