All Real Assets articles in Web Issue – Page 176
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PropertyEU Archive
Intesa Sanpaolo set to launch EUR 1 bn SIIQ
Intesa Sanpaolo's management board this week approved the launch of a real estate investment trust, known in Italy as Societa di Investimento Immobiliare Quotate (SIIQ). In a statement, the company said that the new investment vehicle will have a real estate portfolio of about EUR 1 bn. Intesa Sanpaolo added ...
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PropertyEU Archive
Boetzelen secures EUR 128m financing for retail expansion
German real estate investor Boetzelen said Thursday it had secured financing of EUR 128 mln from German bank Coralcredit. Boetzelen plans to use the funds to expand its retail property portfolio.
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PropertyEU Archive
Segro agrees EUR 160m leaseback with DHL
UK-based Segro is purchasing 36 logistics buildings in France for just under EUR 160 mln from global express delivery company DHL in a sale-and- leaseback deal. The properties provide a total annual rent of EUR 11.2 mln, representing a net initial yield of 7%. Segro said the portfolio offers 'both ...
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PropertyEU Archive
British Land NAV dips 3% in Q2
UK property firm British Land said its net asset value per share dipped 3% in the second quarter to end-September, wiping out first-quarter gains and leaving net asset value per share unchanged at 1682 pence for the first half. The total value of the company's property portfolio dipped by ...
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PropertyEU Archive
Sacyr 'open to any offer' for its 33% stake in Eiffage
Spanish services and construction firm Sacyr Vallehermoso said on Wednesday that it is willing to sell its 33% stake in French public works firm Eiffage, after its takeover plan for the company failed earlier this year. 'We are open to receiving any offer,' said Sacyr chairman Luis del Rivero, in ...
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PropertyEU Archive
Teorema looking to raise EUR 341m via London IPO
Russian property developer Teorema is planning an initial public offering of global depositary receipts (GDRs) on the London Stock Exchange, to finance the expansion of its property portfolio. The company is looking to raise $500 mln (EUR 341 mln) through the IPO before the end of this year. 'The ...
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PropertyEU Archive
CBRE: impact of credit squeeze set to deepen in Q4
The full impact of the credit squeeze has yet to be seen in the property investment market, according to John Welham, head of EMEA retail investment at CB Richard Ellis. Welham, who was speaking at the presentation of the European Shopping Centre Digest 2007 at the Mapic retail fair in ...
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PropertyEU Archive
Santander in EUR 458m sale-and-leaseback deal with Ortega
Spanish financial giant Banco Santander confirmed that it has sold 10 historic properties to Grupo Pontegadea, the investment vehicle of Inditex chairman Amancio Ortega. The investment volume comes to EUR 458 mln. The bank added that the transaction will generate capital gains of EUR 216 mln. The Spanish lender has ...
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PropertyEU Archive
C&W wins European retail advisor accolade
Cushman & Wakefield has been named European Retail Property Adviser of the Year for the second consecutive year at the EG Retail & Future Project Awards at the Mapic retail real estate fair in Cannes. UK real estate magazine Estates Gazette launched the awards in 2006 to recognise excellence ...
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PropertyEU Archive
ING Real Estate shifts focus to major area development
ING Real Estate has redrawn its business strategy to focus principally on major regeneration projects in cities. Until now, the development arm of the Dutch property company has undertaken both small-scale and large-scale area development schemes.
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PropertyEU Archive
Gruppo Basso to develop first mall in Italy's Veneto region
UK-based asset manager Pantheon Retail will carry out the retail management of Gruppo Basso's Roncade outlet mall near Treviso, northern Italy, Gruppo Basso announced on Thursday. The shopping mall is being developed by Gruppo Basso's subsidiary Lefim, and is set to become the first retail outlet in Italy's Veneto region. ...
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PropertyEU Archive
Moscow ranks as Europe's most expensive retail location, says CBRE
After seeing prime retail rents rise by over 25% over the last 18 months, Moscow is now the most expensive retail location in Europe and the second most expensive in the world, according to the Global Retail Destinations Ranking from CB Richard Ellis (CBRE). Demand for prime space in Moscow ...
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PropertyEU Archive
Unibail-Rodamco to set up separate development company
Unibail-Rodamco, Europe's largest listed real estate company, aims to set up a new company for its retail development activities in December, Chief Operating Officer Michael Dessolain said in an interview with PropertyEU at the Mapic retail fair in Cannes. The new company, whose name has not yet been disclosed, will ...
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PropertyEU Archive
IPD UK monthly index continues to slide
Total returns on the IPD UK Monthly Index fell for the third consecutive month in October, dropping 1.5% month-on-month after sliding 1.2% in September. The October performance was the second-worst since the index began in January 1987, beaten only by the performance in May 1990, IPD Impulse said.
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PropertyEU Archive
Victoria takes a lease on 4,000 m² in Global Gate
German insurance company Victoria Versicherung has agreed a lease on around 4,000 m[sup]2[/sup] of space in the Global Gate office complex in Düsseldorf. From January 2008 about 270 employees will find their new office in the complex. Colliers Trombello Kölbel Immobilienconsulting acted exclusively as consultant and estate agent for Victoria.
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PropertyEU Archive
Carlson set to reach 1,000 hotel threshold by mid-2008
Carlson Hotels Worldwide announced this week that it has added 16 new locations to its portfolio of brands from August through October 2007. The new hotels include one Radisson SAS hotel in Dublin, one Radisson Edwardian property in London, three Radisson Hotels & Resorts(R) hotels in the US, seven Country ...
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PropertyEU Archive
TAG 9-mth net EUR 7 mln vs EUR 1.7 mln yr-earlier
German property investor TAG said Thursday its consolidated profit for the nine months to end-September came in at EUR 7 mln, compared with EUR 1.7 ml in the year earlier period. Revenues rose to EUR 58.3 mln, from EUR 57.6 mln a year earlier.
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PropertyEU Archive
JLL: European office take-up hits record 10 million m2
Take-up in the European office sector during the first nine months of 2007 reached an all-time high of 10 million m2, 12% more than the same period last year, Jones Lang Lasalle said in its latest European Office Property Clock. Demand was driven by continued corporate expansion, JLL said, and ...
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PropertyEU Archive
ING REIM buys EUR 100m Antares building
ING REIM confirmed on Friday that it has acquired the Antares office building located in Boulogne-Billancourt, in the French Hauts-de-Seine region. The building was bought on behalf of ING Assurance from a fund managed by Schroder Property Investment Management. It provides about 10,200 m[sup]2[/sup] of space and is completely let ...
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PropertyEU Archive
Cross-border deals drive European retail sector in 2007
The shopping centre sector showed an impressive growth of cross-border transactions in 2007 comprising 70% of total transactions in the first half of the year compared to 30% in the same period four years ago. 'The increase demonstrates the ongoing desire by investors to build up European portfolios,' commented Nick ...
