All Real Assets articles in Web Issue – Page 207
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PropertyEU Archive
Government of Dubai fund eyes Colonial
Spanish property group Inmobiliaria Colonial said on Thursday that it has received a letter of interest from the investment fund of the government of Dubai, Investment Corporation of Dubai (ICD), regarding the possible acquisition of Juan Carlos Nozaleda's and Luis Manual Portillo's stakes in the troubled property group.
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PropertyEU Archive
C&W opens office in Slovakia
Global real estate consultant Cushman & Wakefield has opened an office in the Slovakian capital Bratislava. The new office will be headed by Andrew Thompson, currently head of office agency and client solutions for C&W in the Czech Republic.
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PropertyEU Archive
EPRA: worst may be over for property stocks
European property stocks may have turned the corner and be poised for recovery after price falls averaging about 40% over the past year, senior industry figures told a recent European Public Real Estate Association (EPRA ) seminar held in London. Well over 200 people registered for the seminar, compared to ...
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PropertyEU Archive
IVG postpones REIT spin-off
German listed property company IVG is postponing the planned flotation of its EUR 3.5 bn office unit in the form of a real estate investment trust (G-REIT) until market conditions improve, the group's CEO Wolfhard Leichnitz told German daily Boersen-Zeitung. Leichnitz added that the REIT spin-off, originally planned for April/May ...
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PropertyEU Archive
GE Money Banks lets 5.500 m[sup]2[/sup] in Gdansk office project
Property adviser Jones Lang LaSalle said the Polish arm of GE Money Bank will let 5,500 m[sup]2[/sup] of office space in the Arkonska Business Park in Gdansk. The bank will move to the new offices in July 2008. The project is being developed by Polish firm Torus.
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PropertyEU Archive
IPD Index Property Derivatives soars to new record in Q4
Trading volumes for IPD Index Property Derivatives hit a new record in the fourth quarter of 2007, with the total of 236 trades eclipsing the previous record of 164 trades set in the first quarter of the year, according to figures published by Investment Property Databank (IPD). A total ...
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PropertyEU Archive
Slowdown in total returns on SCS/IPD Irish Quarterly Index in Q4
The total return on the SCS/IPD Irish Quarterly Index fell to 1.0% in the fourth quarter of 2007 from the previous quarter, according to figures from Investment Property Databank (IPD). While the total return for 2007 was a robust 9.9% on the previous year, it was well below ...
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PropertyEU Archive
NSI in second acquisition in Switzerland
Dutch investor Nieuwe Steen Investments has reached an agreement with a subsidiary of Credit Suisse for the acquisition of the Silvergate office building in Thalwil, Switzerland, for a total amount of CHF 44 mln (EUR 27 mln). The deal is expected to be completed in the first quarter of 2008.
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PropertyEU Archive
AMB adds logistics centre near Amsterdam to Europe Fund
AMB Property Europe said it has contributed the AMB Fokker Logistics Center 4A near Amsterdam Schiphol Airport to AMB Europe Fund I, FCP-FIS. The 10,300 m[sup]2[/sup] facility is fully leased to international integrated logistics services company Schenker.
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PropertyEU Archive
GE RE pulls out of Colonial bidding
GE Real Estate Iberia, the property arm of General Electric in Spain, said on Friday it is pulling out of the bidding for troubled Spanish real estate firm Colonial. In a statement to the Spanish stock market regulator CNMV, GE said that the two companies 'were not able to reach ...
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PropertyEU Archive
King Sturge launches luxury residential sales in Prague, Bratislava
International property consultancy King Sturge said it has launched the sale of luxury residential schemes in the cities of Prague and Bratislava.
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PropertyEU Archive
Grainger buys Germany's FranconoRheinMain
UK listed residential property owner Grainger said it has agreed to acquire German residential property firm FranconoRheinMain for up to EUR 45.8 mln in cash.
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PropertyEU Archive
CB Richard Ellis strengthens presence in Scotland
CB Richard Ellis announced on Friday the acquisition of Paul Gee & Co, a privately-owned commercial property services company based in Aberdeen, Scotland. The global property consultant said the acquisition will allow it to expand its leadership position in Scotland by combining Paul Gee & Co with CB Richard Ellis' ...
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PropertyEU Archive
Foruminvest to open second Italian shopping centre
Foruminvest Italia, the Italian arm of Dutch commercial property investor Foruminvest, said it is set to inaugurate its second Italian shopping centre on March 1 in Molfetta in the southern Italian region of Apulia.
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PropertyEU Archive
'Sale-and-leaseback trend to continue in Europe'
Sale-and-leaseback deals are no longer confined to the UK and the US, they are also increasingly finding favour in Europe, claims Adolfo Ramírez-Escudero, capital markets executive director at CB Richard Ellis. Ramírez-Escudero was involved as advisor in the recent sale of Banco Santander’s EUR 1.9 bn headquarters to UK-based Propinvest ...
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PropertyEU Archive
C&W Investors retained by West Sussex County Council
Cushman & Wakefield Investors has been reappointed by UK West Sussex County Council pension fund as its property investment manager. The new appointment, covering both direct and indirect property, is for an initial period of four years. The property portfolio currently constitutes 7% of the pension fund's total assets, with ...
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PropertyEU Archive
1,500 delegates expected at ICSC conference
Up to 1,500 delegates are expected to attend the 2008 International Council of Shopping Centers (ICSC) European Conference at The RAI Congress Centre in Amsterdam from 16-18 April 2008.
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PropertyEU Archive
Colonial shares soar as shareholders agree to sell 52% stake
Shares in Spain's largest property company Colonial soared by as much as 13% on Monday after the company's two main shareholders agreed to sell their interest to a Dubai sovereign wealth fund if it makes an offer. Colonial shares were up 9.7% at EUR 1.69 in Madrid trading in the ...
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PropertyEU Archive
CB Richard Ellis expands in Aberdeen
Property adviser CB Richard Ellis said on Monday that it has acquired Paul Gee & Co, a privately-owned commercial property services company based in the Scottish city of Aberdeen. CB Richard Ellis said the acquisition will enable it to expand its strong position in Scotland by combining Paul Gee & ...
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PropertyEU Archive
GE RE acquires office building in Nantes
GE Real Estate France has acquired the Insula office building in the centre of Nantes from the French property group Bremond for an undisclosed amount. The building, which is partially being refurbished, consists of 15,000 m[sup]2[/sup] of office space and a restaurant.
