All Real Assets articles in Web Issue – Page 168
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PropertyEU Archive
Fabege buys and sells in Stockholm
Swedish property company Fabege has signed an agreement with the City of Stockholm to acquire the Apotekaren 22 block in Norrmalm for EUR 85 mln. The property comprises almost 30,000 m[sup]2[/sup] of lettable space and a 3,000 m[sup]2[/sup] car park. In addition, Fabege is buying out the freehold of Bocken ...
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PropertyEU Archive
Colliers Croatia opens new head office in Zagreb
Colliers International announced yesterday that Colliers Croatia is to relocate to spacious new offices in downtown Zagreb, part of an ambitious expansion programme initiated by the firm’s new management team headed by Tomislav Perovic and Vedrana Likan. The two assumed their positions this year, together with commercial talent Hrvoje Omazic, ...
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PropertyEU Archive
Colliers to manage Europolis logistics park in Poland
Europolis Real Estate Asset Management has chosen Collier International to manage Poland Central logistics & business park in Wola Bykowska. The logistics & business center has been designed as a European distribution hub which will serve regional cities in Poland as well as Central and Eastern Europe. The site has ...
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PropertyEU Archive
Skanska develops office in Warsaw, sells in Stockholm
Swedish construction and property giant Skanska is developing a 20,000 office project in central Warsaw. Atrium City is located on the main thoroughfare of Al Jana Pawla, where the construction group has already completed four other office projects and a hotel. The scheme is scheduled for completion in spring 2009. ...
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PropertyEU Archive
Economic slowdown predicted by Standard Life Investments
The turbulence in the credit market which began in the summer could trigger a recession in the US next year, warns Global Insight, the monthly investment overview published by Standard Life Investments. The investment house also forecasts a drastic slowdown in other economies; both trends seriously impacting public sector finances.
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PropertyEU Archive
Hypo completes EUR 145m financing for Moscow logistics park
Hypo Real Estate Bank International has provided a EUR 145 mln financing facility to RosEvroDevelopment in relation to the Krekshino Logistics Park in Moscow. The transaction was completed on 22 October 2007. The construction and investment financing facility will assist with phases 2 and 3 of the Krekshino Logistics Park ...
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PropertyEU Archive
SCS / IPD Irish Q3 results show offices best performer
Total returns in Irish commercial property picked up in the third quarter to 3.3% quarter-on-quarter compared to 3% in the second quarter according to the SCS/IPD quarterly index 2007.The index also found that offices regained their crown as the best performing sector in Q3, with a total return of 4.2% ...
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PropertyEU Archive
Sponda acquires logistics property
Finnish commercial real estate company Sponda has purchased a logistics property from the Lutheran Parish Union of Helsinki for EUR 17 mln. The property is located in the Roihupelto district of Helsinki and provides 11,000 m[sup]2[/sup] of leasable warehouse, production and office space. The entire property is leased to ...
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PropertyEU Archive
Fabege in further Stockholm acquisition
Listed Swedish real estate company Fabege is paying about EUR 56 mln for the 23,000 m[sup]2[/sup] Getingen 15 office property in central Stockholm. Fabege said on Wednesday that the acquisition is being carried out by the purchase of the property holding company from Swedish peer Linco Fastighets. The building contains ...
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PropertyEU Archive
C&W appointed MAPIC's first 'retail knowledge partner'
Global real estate consultant Cushman & Wakefield has become the first retail knowledge partner of MAPIC, the annual international retail real estate market in Cannes. The conference is set for an all-time record number of participants in 2007, with numbers up by 15% on the same time last year. MAPIC ...
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PropertyEU Archive
Skanska awarded contract for London's Heron Tower
Skanska has been awarded the contract to build Heron Tower in the City of London. The Swedish construction company was picked for the EUR 167 mln project by the trustees of the Heron Tower Property Unit Trust.
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PropertyEU Archive
Retail outlook robust despite financial jitters: Axa
Investment volumes in European retail real estate remained high in the first half of 2007 reaching EUR 21.6 bn, according to the latest European Retail Investment Strategy 2007-2009 issued by AXA Reim. The reviews authors add that although this figure represents a slight slowdown on the euro 27 bn achieved ...
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PropertyEU Archive
Spain to tackle illegal coastal devopment
Spain's environment minister Cristina Narbona has presented a EUR 5 bn proposal to demolish hotels, apartments and other properties built illegally along a 700-kilometre stretch of the country's coastline. The plan requires local authorities to conclude agreements with developers who have ignored regulations for decades to build facilities for the ...
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PropertyEU Archive
European office property markets unchanged
The European composite score for office property markets remained constant, at 63, according to Moody's 2007 Semi Annual Assessment of Office Property Markets. Despite this, the data shows a general trend that markets across Europe (with some exceptions) are improving and the composite score reflects a strong yellow market. ...
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PropertyEU Archive
Magnat moves up to General Standard at Frankfurt
German real estate company Magnat has completed its upgrade to the regulated market segment. According to the company announcement, all 52,850,000 bearer shares were admitted to the General Standard at the Frankfurt Stock Exchange, with trading starting on 31 October 2007. The prospectus was approved by BaFin - the German ...
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PropertyEU Archive
Skanska sells stake in Maputo Harbour
Swedish construction and property company Skanska said on Wednesday that it is divesting its remaining 12% shareholding in the Maputo harbour project in Mozambique to South African company Grindrod for SEK 105 mln (just over EUR 11 mln). Skanska Infrastructure Development developed the harbour as a Public Private Partnership jointly ...
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PropertyEU Archive
FTSE UK property index dips 0.6% in October
The FTSEpx All Property TR index fell by 0.6% in October, hit by the cooling in the UK property market, which has started to affect the values of the underlying properties in the index, said index manager MSS. While the decline in asset values of UK commercial property had been ...
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PropertyEU Archive
Ciref, Modus set to launch £1.5bn retail JV
Listed property investment and development company Ciref announced on Thursday that it is planning to raise between £20mln (EUR 29 mln) and £30mln of equity to fund a retail joint venture with UK's Modus Properties.
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PropertyEU Archive
Value of IPD UK Index Property Derivatives traded now over £10bn
The total traded value on the IPD UK Index now stands at £10.6 bn (EUR 15 bn), according to data released on Thursday by the Investment Property Databank and the Investment Property Forum. The value of trading to date across all IPD indices, including the latest trades on the French ...
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PropertyEU Archive
Skanska reports 9 mths net of EUR 310m, on turnover of EUR 10.8b
Swedish construction giant Skanska on reported net profit of EUR 310 mln for the first nine months of 2007, up from up EUR 303.5 mln a year earlier. This translates in to earning per share of EUR 0.74, compared with EUR 0.72. Total revenues came in at EUR 10.8 bn, ...
