All Real Assets articles in Web Issue – Page 157
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PropertyEU Archive
Degi predicts new investment record in 2007
Degi, the real estate investment arm of German insurance giant Allianz, says the volume of worldwide property transactions will reach a new record level of around $800 bn (EUR 568 bn) in 2007. This would represent a rise of almost 18% on last year’s total of $682 bn (EUR 484 ...
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PropertyEU Archive
DIC Asset spends EUR 320m on German office portfolio
Frankfurt-based real estate investment company DIC Asset has acquired a portfolio of offices and business premises in Germany from insurers AXA Group and DBV Winterthur in a sale and partial leaseback deal. The combined total area involves about 182,000 m[sup]2[/sup] and the total investment volume, including costs, amounts to EUR ...
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PropertyEU Archive
Quinlan to raise EUR 400m to fund Jurys acquisition
Quinlan Private is seeking to raise EUR 400 mln from private investors to fund its EUR 1.16 bn takeover of Jurys Inns, the Irish Times reports. The Dublin private equity group agreed the deal in June. In addition to the takeover, Quinlan is seeking cash to fund a large-scale ...
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PropertyEU Archive
Loop5 project gets aviation theme
Sonae Sierra and Foncière Euris' joint EUR 200 mln shopping centre project in Weiterstade near Frankfurt is to get an 'aviation' theme with 'flight pioneer areas' and a 'jet age' mall. The LOOP5 project, which will open in spring 2009, will have 170 shops over four floors with a gross ...
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PropertyEU Archive
Degi, Irish Life acquire Rome's Laurentino mall
Allianz’s real estate company Degi and Irish Life Insurance are acquiring the Laurentino shopping centre development project in Rome from Parsitalia. The purchase price will be fixed in 2010 after the shopping centre's opening and will depend on how much of the space has been rented out. Degi said the ...
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PropertyEU Archive
IVG Institutional wins Investor of the Year award
German investment group IVG Institutional Fund has won the 'golden brick' for best German investor in the Netherlands. The award was presented on Monday during the PropertyEU Daily News Show at EXPO REAL in Munich.
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PropertyEU Archive
Work on Orco's Praha project begins
Luxembourg-based investment, development and asset management company Orco Property Group has announced that work has begun on its Praga project. Located in Prague's districts 10 and 15, the project is a mixed-use residential and commercial development comprising 889 housing units on a 63,874-m[sup]2[/sup] plot and an area of commercial space ...
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PropertyEU Archive
Berlin sees upswing in housing market
The awaited upswing in Berlin’s housing market is beginning to take shape, according to a research report by GSW and Jones Lang LaSalle. The report says that the price trend for new rental contracts in now pointing up in eight of Berlin’s 12 districts. And purchase prices are going up ...
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PropertyEU Archive
Zublin Immobiliere buys Nanterre office
Zublin Immobiliere announced on Monday that it has bought the head office of the global automotive supplier Faurecia in Nanterre, France. The total investment price comes to EUR 88 mln, reflecting a net initial yield of 6.2%. The building, developed in 2001, provides some 11,200 m[sup]2[/sup] of space and 296 ...
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PropertyEU Archive
Foreign investors discover Germany's secondary cities
Foreign investors are discovering Germany's secondary cities, according to Sascha Hettrich, managing partner of the German operations of brokerage firm King Sturge. ‘In the past when foreign investors looked at Germany, they focused mainly on Frankfurt,’ he said during a presentation at the PropertyEU Daily News Show at the EXPO ...
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PropertyEU Archive
Hypo RE completes financing for Thalassa Holdings
Hypo Real Estate Bank has announced the successful completion of a EUR 181.6 mln financing package for Thalassa Holdings, mainly to fund its acquisition of a listed Cypriot real estate company. Thalassa Holdings is a joint venture between RREEF, a real estate investment subsidiary of Deutsche Bank’s asset management division, ...
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PropertyEU Archive
Hotel market more rational due to credit crisis
Although the recent credit crisis is expected to have a significant impact on the hotel real estate industry, it also served as a necessary corrective, according to Roger Barris, managing director EMEA at Merril Lynch International in London.
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PropertyEU Archive
German investors double cross-border real estate deals
After selling real estate holdings for $83 bn (EUR 59 bn) in 2006, many German investors are cash-rich and have made a strong return to the acquisition trail in 2007, according to research by Jones Lang LaSalle published at EXPO REAL in Munich on Monday. The research shows German ...
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PropertyEU Archive
TCN to develop Russian media park
Dutch developer TCN Property Projects is planning to develop a Media Park in Moscow with a local partner and an unnamed international investor. 'The Russians have plenty of money,' said CEO Rudy Stroink in an interview with PropertyTV at the EXPO REAL fair in Munich on Monday. 'What they don't ...
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PropertyEU Archive
Residential property profs earn most
Qualified chartered surveyors across Europe earn between 8% and 35% more than non-chartered property professionals, according to a survey presented on the opening day of EXPO REAL conference in Munich. The survey, by the royal institution of chartered surveyors (RICS) and Macdonald & Company, reveals a significant salary gap between ...
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PropertyEU Archive
Siemens Real Estate goes green
All new buildings built by Siemens Real Estate (SRE) will be ‘environment-friendly’ and have energy saving systems, the company announced on Monday at the EXPO REAL fair in Munich. The real estate subsidiary of the Siemens Group, which develops office and retail properties in over 40 countries, added that it ...
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PropertyEU Archive
Rollovers likely as first non-listed property funds exit
The wave of assets expected to hit the European property market over the next few years, due to a peak in terminations of the first generation of non-listed real estate funds, is likely to be moderated considerably, according to a new report from Inrev, the European association for investors in ...
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PropertyEU Archive
Indians join EXPO REAL for first time
In a last-minute decision, three Indian exhibitors have decided to join the EXPO REAL trade fair which got underway yesterday in Munich, spokeswoman Petra Gagel said. ‘The Asian component is increasing. We already have some Asian representatives including the Koreans. Now we have the Indians for the first time as ...
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PropertyEU Archive
Trident showcases Pentominium, the highest tower in the world
Trident International, a leading developer of premium waterfront properties in Dubai, UAE, is presenting its new Pentominium project to a German audience for the first time at the real estate fair EXPO REAL in Munich. Some 526 metres high, the Pentominium project will be the tallest tower in the world. ...
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PropertyEU Archive
London increases lead over Paris as top location: survey
London has increased its lead over Paris as the top European city for locating a business, according to the latest European Cities Monitor (ECM) - the annual location survey carried out by Cushman & Wakefield.
