All Real Assets articles in Web Issue – Page 170
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PropertyEU Archive
Eurosic announces string of deals
French property company Eurosic said on Friday it has bought an office building at Boulogne-Billancourt, Hauts de Seine, from Oppenheim. The building has a leasable area of 6,800 m[sup]2[/sup] and is fully let to a single tenant until 2012. The total cost of this acquisition is EUR 37 mln. Espace ...
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PropertyEU Archive
Retail's big bang
Opportunistic investors and strong demand for retail property assets are not the only factor forcing retailers to rethink their real estate strategies. The scale of expansion across Central and Eastern Europe as well as Southern Europe has also had an impact on how retailers are carving out market share. Rather ...
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PropertyEU Archive
Barcelona in transition
For the past 10 years, Barcelona has seen a veritable building bubble with escalating prices due to a severe shortage of public space. The pace of development is slowing down, but there are still plenty of interesting new projects that should attract foreign investors, says Jordi Hereu, the socialist mayor ...
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PropertyEU Archive
King Sturge stresses good governance in sustainability battle
More efficient use of buildings and places will produce a far faster environmental payback than the onsite micro-generation of renewable energy, according to new research report published by King Sturge. The report stresses the importance of good governance in meeting the economic and social challenges facing by the property sector.
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PropertyEU Archive
Northern Logistic Property buys DSV's HQ
Northern Logistic Property is paying DKK 395 mln (EUR 53 mln) to acquire the headquarters and main logistic hub of the Danish global transport and logistics company DSV in Brondby. The deal is being financed with a loan of DKK 316 mln. 'This is an important step in NLP's growth ...
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PropertyEU Archive
Dolphin Capital invests in Turkish resort schemes
Dolphin Capital Investors has announced two investments in the Turkish residential resort market following the sealing of a strategic partnership with Turkish property developer Kemer.
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PropertyEU Archive
Turkish delight
Turkey's economy and financial markets have continued to develop and stabilise in the last five years. Inflation rates of around 80% during the early 2000s have dropped to single-digit figures in the last two years and political uncertainty has subsided following the double elections in 2007. Despite negative factors such ...
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PropertyEU Archive
Scandinavian Property Development lists in Oslo
Shares in Scandinavian Property Development (SPDE) started trading on Oslo Stock Exchange on Thursday last week. 'This is an important step towards our aim of becoming a leading Scandinavian property development player,' said CEO Stein Haugbro. SPDE was established in 2006 and is managed by Aberdeen Property Investors. The market ...
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PropertyEU Archive
Europ Invest floats outlet shopping ship project
Belgian-Italian real estate company Europ Invest has launched plans for a luxury cruise ship, complete with a 4,000 m[sup]2[/sup] outlet shopping 'village'. The ship will offer cruises from the Mediterranean to the Red Sea or the Nordic Sea, plus the possibility of shopping in the 100 retail units on the ...
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PropertyEU Archive
Multi opens three new malls in one week
Multi opened three large fully-let shopping centres in Turkey, Portugal and Belgium last week. The Stadsfeestzaal in Antwerp, Forum Mersin in Turkey and Forum Castelo Branco in Portugal provide a total of 110,000 m[sup]2[/sup] of retail floor space.
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PropertyEU Archive
Windows of opportunity
In late August, one of Spain's leading real estate consultancies Fincas Corral announced it had closed half of its 350 offices so far this year following the collapse of the thriving residential market. For a decade, the residential boom propelled several builders and developers into the international league, but the ...
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PropertyEU Archive
Deloitte to develop EUR 250m office in Amsterdam with OVG
Deloitte Touche Tohmatsu, the global accountancy and consultancy firm, has formed an exclusive alliance with Dutch developer OVG to build a new office in Amsterdam's business district the Zuidas. Reliable sources put the cost of the new development at EUR 250 mln. The project will comprise 40,000 m[sup]2[/sup] of office ...
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PropertyEU Archive
UK unlisted property funds raise EUR 1.15 bn in Q3
The Association of Real Estate Funds (AREF), representing UK unlisted commercial real estate funds, published its 'Investment Quarterly for Q3 2007' this week, which examines industry trends based on data provided by its members.
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PropertyEU Archive
London & Capital acquires German retail assets for EUR 225m
London & Capital said Monday that it has acquired a portfolio of 38 retail properties in Germany worth EUR 225m for its German Real Estate Fund in the largest transaction in the company's history. The fund now has assets valued in excess of EUR 650 mln.
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PropertyEU Archive
Tom Barrack to spend EUR 410m on Costa Smeralda's project
American real estate investor Tom Barrack, through his vehicle Sardegna Resorts, is investing EUR 410 mln in the Porto Cervo regeneration project, situated in the luxury resort destination on Sardinia's Costa Smeralda. The real estate tycoon plans to develop a new five-star hotel, as well as add 70 luxury suits ...
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PropertyEU Archive
Hypo completes EUR 55m financing for Amesbury
Hypo Real Estate Bank International said on Monday it has provided a EUR 55 mln refinancing facility to privately owned developer Amesbury which has been active in the Czech market for 10 years. The transaction completed on 29 October.
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PropertyEU Archive
Blackrock JV announces another acquisition near Edinburgh
Irish listed real estate investor Blackrock International Land has announced this week that its joint venture with Applecross Properties has made another acquisition close to Edinburgh. The latest deal involves the purchase of the Jewel and Esk Valley College campus for £ 24.2 mln (EUR 34.8 mln) including costs. The ...
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PropertyEU Archive
Catella launches new asset management company in Finland and Russia
Catella Property Finland, part of the pan-European property advisor Catella Property Group has announced that it is incorporating its asset management services in a new wholly-owned subsidiary to be called Amplion Asset Management. Amplion will be officially launched on 1 January next year and will provide asset management services in ...
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PropertyEU Archive
Redilco, Corpus Sireo team up in asset management JV
Italy's Gruppo Redilco has signed a new partnership agreement with German asset manager Corpus Sireo, the company said in a statement on Monday. The joint venture is aimed at speeding up the company's expansion into the German market as well as strenghtening its Italian activities.
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PropertyEU Archive
JLL comment on Bank of England's record property lending figures
According to figures released at the end of last week by the Bank of England, bank lending in sterling to real estate grew again in the third quarter of 2007, by £10.5 bn (EUR 15.1 bn). Outstanding loans to the UK real estate sector now total £186 bn (EUR 268 ...
