All Real Assets articles in Web Issue – Page 2
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PropertyEU Archive
EUR 100 mln office portfolio up for grabs
Hanzevast Capital is offering 20 office buildings from various Dutch real estate groups in a single portfolio which market watchers estimate will be worth at least EUR 100 mln. Hanzevast has already received several preliminary bids from investors and the portfolio will be offered to the highest bidder on November ...
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PropertyEU Archive
Expo Real attracts 35% more foreign companies
Exhibitors from Eastern Europe, the Russian Federation and the Gulf region are helping to drive up the attendance figures for Expo Real 2006. A total of 1,630 companies from 39 countries will exhibit at the 9th international commercial property exposition in Munich from 23 to 25 October.
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PropertyEU Archive
DIFA acquires majority stake in Amsterdam's tallest office tower
German investment fund DIFA and Dutch real estate management company Dijkhuis have acquired a majority stake in the Rembrandt Tower, the tallest office building in Amsterdam. This is the first real estate project for DIFA in the Netherlands.
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PropertyEU Archive
Work begins on massive Polish logistics park
The first phase of the Cross Point Zory development in Southern Poland is under construction and is due to be available for lease from December 2006. In total the site covers about 38 hectares and can provide 140,000 m[sup]2[/sup] of modern industrial and logistics space, plus ancillary offices.
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PropertyEU Archive
ING Real Estate steps into German offices
ING Real Estate Investment Management has entered the German office investment market for the first time with the purchase of a building in Frankfurt’s central business district.
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PropertyEU Archive
VastNed strengthens position in France
Dutch listed property fund VastNed Retail has acquired a stake in the Carrefour Limoges-Corgnac shopping centre in south-central France for EUR 18 mln.
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PropertyEU Archive
G-REIT not a threat to open-ended funds
The introduction of the German REIT (Real Estate Investment Trust) in the course of 2007 will not lead to the demise of the open-ended fund. That is the opinion of Frank Pörschke, CEO of one of Germany's leading open-ended funds Commerz Grundbesitz-Investmentgesellschaft (CGI). 'There will be greater diversity of investment ...
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PropertyEU Archive
UK bank to buy EUR 220 mln Stuttgart mall
British investment banking group Evans Randall has agreed to buy the Konigsbau Passagen shopping in Stuttgart for EUR 220 mln from HSH N Real Estate and property company Stilwerk. The sale, which is subject to approval by the Baden-Württemberg state trust, is Evans Randall's first acquisition in Germany.
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PropertyEU Archive
Moscow plans to build 250 new hotels
A desperate shortage of hotels in Moscow which last year saw 60,000 visitors turned away from the city has prompted one of the Russian capitals most ambitious development projects yet. Over the next five years, authorities hope to build 250 new hotels, trebling the number of guest beds available. 'It's ...
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PropertyEU Archive
Degi: global property investment reaches EUR 478 bn
Global property investments are expected to reach a record EUR 478 bn ($600 bn) for 2006, according to a new report by Frankfurt-based Degi Research. Property prices are still rising sharply despite stable or only modestly increasing rents, leading to further yield compression. But Degi sees the trend towards falling ...
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PropertyEU Archive
Moscow auctions land in Munich
Forget the usual promotional freebies - visitors to this year's Expo Real trade fair are being offered the chance to go home with a patch of land in Moscow. At a live auction to be held at the real estate exposition on Tuesday investors are being invited to bid for ...
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PropertyEU Archive
CGI sells German property to Morgan Stanley
Commerz Grundbesitz-Investmentgesellschaft (CGI), a member of Commerz Grundbesitz Group (CGG), has sold a block of German real estate from its HausInvest Europa open-end property fund to Morgan Stanley Real Estate Fund (MSREF) for EUR 526 mln. The 29 properties are located in the Rhine-Main area, the Rhine-Ruhr area, Munich, Berlin, ...
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PropertyEU Archive
Experts demand clarity on G-REITs
German real estate experts cautiously welcomed German finance minister Peer Steinbrueck's draft legislation on German REITs (known as G-REITS), but demanded clarity on the situation regarding residential real estate investment trusts. 'There will be a political debate about the residential REITs,' said Rudolph Hanisch, deputy chairman of the BayernLB board ...
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PropertyEU Archive
Germany's Grand Coalition told to get tough
German chancellor Angela Merkel's unwieldy coalition of Christian Democrats (CDU) and Social Democrats (SPD) has been urged to toughen up in order to prolong Germany's current property investment boom. Speaking at the start of the Expo Real trade fair in Munich on Monday, experts claimed the country's investment climate was ...
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PropertyEU Archive
Redevco expands development portfolio
Dutch investor Redevco plans to intensify its development activities as part of its European expansion plan. The Amsterdam-based company recently set foot in Scandinavia, Eastern Europe and Turkey, but also foresees investments outside Europe in the future. New investments could rise to EUR 500 mln and more for new ...
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PropertyEU Archive
UK and German REITs will have 'snowball effect'
The market capitalisation of European real estate investment trusts (REITs) is set to triple to EUR 585 bn by 2011, according to Nick van Ommen, ceo of the European association of listed companies EPRA . Speaking at a conference on 'REITs, the new global emerging asset class' at the Expo ...
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PropertyEU Archive
IVG strengthens position in German office investment market
German real estate invest company IVG Immobilien has acquired four office properties for EUR 190 mln from German open-ended real estate fund Difa. The properties are located in Munich, Dusseldorf and Stuttgart.
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PropertyEU Archive
Atisreal: volume of French property investment grows 25% in 2006
MUNICH - The volume of investment transactions in the French property market is set to rise by 25% this year to EUR 25 bn, according to Etienne Pronque, senior consultant at Paris-based property advisor Atisreal. The expected increase for 2006 is double the 2004 figure.
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PropertyEU Archive
25% of German authorities willing to sell housing stock
MUNICH - A quarter of German local authorities want to sell off their housing stock, with and medium-sized towns and cities particularly keen to get sell off part of their housing stocks, a new survey by consultancy firm PriceWaterhouseCoopers (PWC) shows. Towns in the west of the country are ...
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PropertyEU Archive
Deka sells Frankfurt tower for EUR 400 mln
MUNICH - Germany's DekaBank has sold a 38-storey tower in Frankfurt to UBS Wealth Management Global Property Fund for EUR 400 mln. The sale of the 'Skyper' skyscraper is part of a restructuring programme begun last August by ceo Franz Waas. 'With this sale in a profitable market, we will ...
