All Real Assets articles in Web Issue – Page 205
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PropertyEU Archive
Bouwfonds and Catella launch European residential fund
Bouwfonds Asset Management and Catella Germany have signed a joint-venture agreement to establish a new open-ended pan-European residential fund. The core fund will target institutional investors and very high-net worth individuals in Germany.
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PropertyEU Archive
GE Real Estate buys office project in Marseilles
GE Real Estate France has announced the forward purchase of a 8,700 m[sup]2[/sup] office property under construction in the French city of Marseilles. The property is scheduled for delivery in the third quarter of 2009. The financial details of the transaction were not disclosed.
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PropertyEU Archive
Raven Russia lets part of new Moscow logistics centre
AIM-listed warehouse property company Raven Russia has announced that Interleasing, a Russian logistics operator specialising in the pharmaceuticals industry, is leasing 34,000 m[sup]2[/sup] of completed space at Raven Russia's 200,000 m[sup]2[/sup] logistics development in the Istra district of Moscow.
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PropertyEU Archive
Paris Chamber and Unibail-Rodamco join forces on convention centres
Unibail-Rodamco and the Paris Chamber of Commerce and Industry (CCIP) have announced a merger of their Paris-area convention venues which will include ownership, venue management as well as the organisation of exhibitions. The agreement was signed in the presence of France’s Economy, Finance and Employment Minister Christine Lagarde and Minister ...
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PropertyEU Archive
PIK Group purchases land in Moscow region
Moscow-based PIK Group has announced the acquisition of a 127-hectare site on Kalyzhskoe shosse, a developing area of the Moscow region about 4-5 km from the Moscow Ring Road. The company plans to develop a township of approximately 1 million m[sup]2[/sup] of net sellable area. The project will include social ...
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PropertyEU Archive
Investment in Continental European retail property hits EUR 28 bn
Investment in retail property in Continental Europe rose 7% to EUR 27.7 bn in 2007 compared with the previous year, according to research published on Tuesday by property adviser Jones Lang LaSalle.
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PropertyEU Archive
Imorendimento launches EUR 570m Iberian fund
Portuguese investment and asset management company Imorendimento is to launch a new a new property fund, Imo Pan Iberian Retail, focusing on the retail and logistics sectors in Portgual and Spain.
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PropertyEU Archive
Segro appoints general manager for The Netherlands and Belgium
UK-listed property company Segro has appointed Jouke Kist to the new role of general manager for The Netherlands and Belgium. Kist has worked for Segro since June 2006 and was previously responsible for the company’s Dutch operations.
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PropertyEU Archive
AXA REIM buys two retail portfolios in Finland
AXA Real Estate Investment Managers (AXA REIM) said on Tuesday that it had bought two retail portfolios in Finland for a total EUR 200 mln. The Sveafastigheter and HGR portfolio, acquired on behalf of AXA REIM's European Retail Income Venture II fund (ERIV II), consists of 128 properties. The second ...
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PropertyEU Archive
Buma sells Rondo business park to Credit Suisse
Polish developer Grupa Buma has sold the Rondo Business Park in Krakow to Credit Suisse Asset Management for an undisclosed amount. Rondo Business Park is a modern, A-class office complex with a total rentable area of 17,500 m[sup]2[/sup] and 500 parking spaces.
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PropertyEU Archive
WP Carey Group completes third sale-and-leaseback
New York-based investment firm WP Carey & Co said it has acquired a retail facility in the Polish city of Wroclaw for about EUR 9.5 mln. The complex will be leased back to German DIY group OBI.
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PropertyEU Archive
Catella Germany names new director
Catella Germany has appointed Dirk Hoffmann to its board of directors, the company said on Tuesday. Hoffmann was previously spokesman of the board at mortgage bank Allgemeine Hypothekenbank Rheinboden and was recruited for his real estate financing expertise, Catella said.
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PropertyEU Archive
CBRE challenges fears of severe Irish property slump
Property adviser CB Richard Ellis has questioned a report by the Global Equity Research department of UBS, which suggests Irish institutions face a 'significant risk' to earnings as commercial property values in Ireland could potentially fall by as much as 30%.
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PropertyEU Archive
Redos Retail to manage Petersbogen shopping centre
Redos Retail Asset Management announced on Tuesday that it has taken over the asset and centre management of the Petersbogen shopping centre in the German city of Leipzig.
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PropertyEU Archive
Eurohypo: Irish investors to move up value creation chain
Irish property investors will remain largely untouched by the current tightening of credit markets, thanks to high private wealth levels and close relationships with their bankers, according to a report published on Tuesday by real estate financier Eurohypo. As a result, they will remain a force to be reckoned with ...
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PropertyEU Archive
French investor STE clinches three office deals
Property investor Societe de la Tour Eiffel (STE) has acquired three properties in France for a total of EUR 30 mln. Coming weeks after STE sold seven buildings to Henderson Global Investors for EUR 36 mln, the French company said the new acquisitions were in line with its investment strategy ...
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PropertyEU Archive
Moscow office rents spike
The cost of renting office space in Moscow rose almost 42% in 2007, according to Jones Lang LaSalle's latest European Office Property Clock. Major Western European capitals also experienced significant increases, but not to the extent of the Russian capital. Office rents rose 21% in London, 16% in Madrid and ...
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PropertyEU Archive
JLL books record net income of EUR 173 mln in 2007
Global property consultant Jones Lang LaSalle (JLL) reported a record net income of $256 mln (EUR 173 mln) for 2007, an increase of 46% over the year-earlier period. Revenue for the year amounted to $2.7 bn, up 32% compared with 2006, thanks to a strong performance in all operating segments.
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PropertyEU Archive
Carrefour sells land in Turkey for EUR 267 mln
French retailer Carrefour has announced that its joint venture with Sasbanci in Turkey has sold a plot of land in Istanbul for EUR 267 mln to a joint venture between Apollo Real Estate and Multi Turkmall. The buyers will develop a Carrefour hypermarket on the site, which is expected ...
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PropertyEU Archive
IEF Capital buys retail assets from Unibail-Rodamco for EUR 775 mln
IEF Capital, a joint venture of Bouwfonds Asset Management and Inflation Exchange Fund, said on Wednesday it has agreed to buy part of Unibail-Rodamco's Dutch retail portfolio for approximately EUR 775 mln. The transfer of ownership is scheduled to take place in April 2008.
