All Real Assets articles in Web Issue – Page 156
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PropertyEU Archive
Deutsche EuroShop, ECE open Galeria Baltycka in Gdansk
Deutsche EuroShop and ECE have announced that their Galeria Baltycka shopping center opened its doors on Thursday in the Polish city of Gdansk. The opening ceremony was attended by the mayor of Gdansk, Pawel Adamowicz. Galeria Baltycka will include some 39,500 m[sup]2[/sup] of retail space distributed across 200 retail units. ...
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PropertyEU Archive
British Land shelves sale of super mall
British Land has halted the attempt to sell its 75% stake in Meadowhall Shopping Centre in Sheffield due to the uncertainty in the financial markets. Meadowhall is one of only six super regional shopping malls in the UK.
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PropertyEU Archive
Cordea Savills opens office in Sweden
Real estate advisor Cordea Savills has opened a new office in Stockholm. The new office, lead by a team including Hakan Blixt, Olle Hallfors and Johan Eliasson, will be focusing on the Baltic States. Cordea Savills has to date handled transactions in Finland and Sweden of about EUR 200 mln. ...
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PropertyEU Archive
Bulgarian Property buys 2 properties
Bulgarian Property Development has purchased 2 properties for an investment of nearly EUR 2 mln. BPD is paying EUR 1.4 mln, excluding value-added tax, for a 53,676-m[sup]2[/sup] land plot in Ruse, Bulgaria, located within the new Ruse Industrial Park. BPD said it intends to construct about 18,000 ...
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PropertyEU Archive
Quintain signs new EUR 215m facility
UK property investment and development company Quintain Estates and Development has signed a new £150 mln (EUR 215 mln) corporate banking facility with Bank of Scotland Corporate to fund investments in urban regeneration projects and to strengthen its financial flexibility to exploit opportunities 'arising from current market conditions,' according ...
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PropertyEU Archive
WP Carey, Voit in EUR 23m sale-and-leaseback deal
US firm WP Carey Group has said its non-traded REIT subsidiary CPA (R):16 Global has completed a EUR 23 mln sale-and-leaseback deal with German carmaker Voit. COPA has acquired Voit's headquarters in St. Ingbert, Germany, and is leasing it back to the German firm on a long-term basis.
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PropertyEU Archive
Zara boss, Banif snap up Coca-Cola German HQ for EUR 275m
Inditex chairman Amancio Ortega is teaming up with Santander's Portuguese private banking arm Banco Internacional do Funchal (Banif) to buy an office complex in the centre of Berlin. Banif's property unit, Banif Immobiliare, and Ortega, owner of fashion retail chain giant Zara, are buying the building from the US property ...
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PropertyEU Archive
Alpha Real Capital buys Hamburg logistics centre
German real estate investor Alpha Real Capital has acquired the Olympus logistics centre in Hamburg from Thegus Grundstücks-Vermietungsgesellschaft Objekt Hamburg III, a subsidiary of Movesta Lease and Finance for an undisclosed sum. Olympus has been based in Hamburg since 1963 and uses 23,240 m[sup]2[/sup] of the warehousing space for the ...
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PropertyEU Archive
AMB Property expands into UK
San Francisco-based AMB Property Corporation has acquired a 29,700 m[sup]2[/sup] industrial development project in London, in a deal that expands its European platform to the UK. The AMB East London Distribution Park is a two-building development located adjacent to a major highway connecting central London to the M25, London's Orbital.
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PropertyEU Archive
IVG bags top deal
The recent charge by private investors into European real estate slowed in August and September as the shockwaves of the credit crisis continued to reverberate throughout the sector. A large number of listed companies led by IVG Immobilien found their way back into PropertyEU's monthly ranking of cross-border real estate ...
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PropertyEU Archive
Bankers rub shoulders with brokers in investment market
In the rapidly expanding European investment market, international brokers are increasingly becoming high-quality service providers for complex mega deals. In that context, the big European real estate agencies are finding merchant bankers encroaching on their territory. There is also a growing role for specialised boutique advisers for some of the ...
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PropertyEU Archive
CBRE, JLL top ranking of European brokers
CB Richard Ellis heads the first PropertyEU ranking of European agents, with investment volume in Europe and the UK exceeding EUR 40 bn in 2006 and the number of agents totalling 3,802. Jones Lang LaSalle is a very close runner-up in terms of investment volume with EUR 40 bn. ...
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PropertyEU Archive
East catches up with West
Opportunity continues to knock in the New Europe as pioneering investors and developers are moving outside the region's capitals to tap new resources With GDP growing at twice the rate of its Western European neighbours, the general market sentiment in Central and Eastern Europe (CEE) is one of optimism. ...
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PropertyEU Archive
CBRE Investors picks up Newcastle development
CBRE Investors has bought an office and industrial development in Newcastle from Caddick Developments for some £25.3 mln (EUR 36 mln), newspaper Property Week reported on Thursday. The property investment firm has acquired the Gateway West development, a 13-acre site at the entrance of One North East, a 250-acre regeneration ...
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PropertyEU Archive
Overbury starts work on Deloitte City fit-out
Morgan Sindall's office specialist Overbury has started work on a £33 mln (EUR 47 mln) fit-out of two new office buildings for business advisory firm Deloitte in New Street Square, Central London. The phased 39-week fit out of 255,000 sq ft (24,000 m2) of accommodation follows recently completed schemes ...
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PropertyEU Archive
St Modwen developing Worcester City football stadium
UK regeneration specialist St Modwen is developing a new 6,000-capacity stadium for Worcester City FC on a 3-hectare site on the edge of the city. With the move from the site in St. George's Lane that the football club has called its home for 102 years, Worcester City FC ...
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PropertyEU Archive
Credit crunch hits European real estate investment
The global credit crisis is starting to weigh on investment performance in the property sector, according to DTZ's latest European Quarterly research report. The global property consultant forecasts a drop in activity of 15% to 20% in the third and fourth quarter of the year, compared to the record EUR ...
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PropertyEU Archive
PropertyEU live at Expo Real
As the exclusive media partner of Expo Real, PropertyEU is reporting live from the annual commercial property fair in Munich. We are producing Expo Real Daily News, a 32-page English-language magazine for international visitors, which will be distributed at the fair ground, on buses and in leading hotels in the ...
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PropertyEU Archive
Aberdeen raises EUR 121m for new fund of funds
Aberdeen Property Investors has raised EUR 121 mln in the first closing of its new closed-ended European fund of funds. The launch of Aberdeen Indirect Property Partners II (AIPP II) comes two years after Aberdeen's first fund of property funds, AIPP, with commitments of EUR 623 mln. AIPP was the ...
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PropertyEU Archive
HSH sees Russian RE market top EUR 3.2 bn in 2007
German bank HSH Nordbank said it expects investment volumes on the Russian real estate market to exceed $4.5 bn (EUR 3.2 bn) in 2007, up 42% on the $3.2 bn investment seen in 2006. The main growth has been on the office market, as well as in retail and logistics.
