All Real Assets articles in Web Issue – Page 211
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PropertyEU Archive
Warehouses being pushed further from urban centres - Savills
A combination of limited availability of sites, higher land values and congestion problems close to the major urban centres of Europe have pushed the development of modern distribution centres to neighbouring communities, Savills has said in its latest European warehouse markets study.
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PropertyEU Archive
DTZ launches Brazilian fund for European investors
DTZ Corporate Finance has launched a fund to give European institutional investors access to the fast-growing real estate market in Brazil. The fund was designed by listed Brazilian holding company Monteiro Aranha to take minority stakes in residential, office and industrial properties and has a target return after tax ...
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PropertyEU Archive
Hungary tops Spain, Italy for retail warehouse supply - C & W
Hungary has overtaken Spain, Portugal and Italy on a per capita retail warehouse basis, Cushman & Wakefield has said in a new report. The property advisor also found France is the European country with the most retail warehouse floor space, but only 5% of this supply is accounted for by ...
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PropertyEU Archive
Interspeed to open first shopping centre in southern Serbia
Interspeed Shopping Center is scheduled to open this summer in Presevo, southern Serbia, a town located in the country’s Albanian-majority area. The centre will comprise 84 units in a retail area covering 12,650 m[sup]2[/sup]. There will also be a supermarket, cafes, restaurants and a petrol station. Leasing has already begun ...
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PropertyEU Archive
Colliers International opens up shop in Montenegro
Colliers International opens a new office in Montenegro's capital Podgorica on Tuesday. Commenting ahead of the launch party at Hotel Podgorica for the new office, Andreas Marambos, managing director of Colliers International Montenegro, said: 'We are the only major international property consultancy operating here in Montenegro and we ...
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PropertyEU Archive
Quinlan partners Propinvest in Santander HQ purchase
Irish property investor Derek Quinlan was part of the consortium that agreed to purchase Banco Santander's headquarters near Madrid for EUR 1.9 bn in January, Irish newspaper Sunday Business Post has reported. The transaction reflected a yield of 4.5%, with the bank agreeing to rent the site for 40 years ...
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PropertyEU Archive
TKP real estate fund passes EUR 1bn mark
TKP Pensioen Real Estate Fonds (TREF) announced on Tuesday that it has become the largest European fund-of-funds by achieving over EUR 1 bn of invested capital. A combination of 39 funds and joint ventures the fund covers a wide range of sectors and countries. Last year investments in Central and ...
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PropertyEU Archive
Klepierre reports strong growth in 2007
French property group Klepierre has announced better-than-expected results for 2007 in spite of the current financial environment. Figures that came in above target included a 15% increase in lease income, a rise in net current cash flow per share of 15.6% and re-valued net assets reaching EUR 41.1 per share, ...
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PropertyEU Archive
European law firm Schoenherr advises on EUR 40m Ukranian logistics acquisition
Corporate law firm Schoenherr advised Vienna-based Akron Group in its EUR 40 mln purchase of Eastgate logistics park in Kiev from the Austrian Developer GLD Invest Group. The forward purchase deal for the 40,000 m[sup]2[/sup] logistics centre represents one of the first negotiated between two Austrian parties in Ukraine.
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PropertyEU Archive
Close Investments acquires EUR 85m mixed portfolio in Norway
London-listed Close Investments has acquired an office and industrial portfolio of 15 properties in Norway to add to its European Property Investment Portfolio (Europip). The Europip fund invests in direct property and select open and closed-end property funds in Continental Europe and Scandinavia. Property advisor King Sturge acted on behalf ...
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PropertyEU Archive
Europa Fund adds another tenant to WTC Almeda Park
Europa Capital Partners has announced the letting of 3,900m[sup]2[/sup] in its WTC Almeda Park in Barcelona to Technip Iberia. The Spanish industrial engineering and construction company will pay EUR 18 per m[sup]2[/sup] per month for the fourth floor and part of the third floor in building 8 at the flagship ...
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PropertyEU Archive
Build quality rather quantity in Moscow, say experts
Building quality over quantity is the best way to protect investments in Moscow real estate, say experts. The old adage rings particularly true in the wake of the recent sub-prime mortgage crisis in the US, which has knocked the wind out of the world's stock markets. 'The time of cutting ...
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PropertyEU Archive
Credit Suisse predicts gradual recovery for UK commercial market
Credit Suisse UK Real Estate has predicted an improvement in the commercial market in Britain in the second half of 2008, with 'falling interest rates, a relaxing of the credit crunch and the sustainable fundamentals of real estate' resulting in a turnaround. The company's latest real estate update notes the ...
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PropertyEU Archive
Custom House expands in France
Irish wealth management company Custom House Capital (CHC) has continued its expansion in France with the acquisition of the modern Futura II mixed-use office and retail building in Paris for just under EUR 35 mln. The deal by CHC on behalf of a number of private clients was transacted by ...
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PropertyEU Archive
Debt levels in non-listed property funds reach peak - INREV
Gearing in Europe's non-listed real estate funds industry has risen steadily since 2000, reaching a probable peak in the third quarter of last year. But it is still too early to tell what the implications of this record level of debt are for the industry as the global credit crisis ...
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PropertyEU Archive
AMB leases 10,000 m[sup]2[/sup] to KLM at Amsterdam Airport
AMB Property Europe said on Wednesday that it has fully leased 8,500 m[sup]2[/sup] of warehouse space and 1,800 m[sup]2[/sup] of office premises in the AMB Fokker Logistics Center 3B development project to the KLM engineering & maintenance division, part of French-Dutch airline Air France-KLM.
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PropertyEU Archive
UK shopping centre deals hit 10-year low - DTZ
The number of shopping centre transactions in the UK dropped to a 10-year low in 2007, DTZ said on Wednesday. The total number of shopping centre transactions was down from 81 in 2006 to 42 last year.
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PropertyEU Archive
Deka buys office-retail complex in Osaka for EUR 120m
Deka Immobilien, the property arm of Germany's Deka Bank, has acquired the Urban Building Shinsaibashi in the Japanese city of Osaka for EUR 120 mln. The 7,454 m[sup]2[/sup] property which is principally let to Apple Japan, was bought for Deka's open public fund which invests worldwide. The seller was special ...
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PropertyEU Archive
GIC acquires 40% stake in Iso Omena for EUR 132m
The property investment arm of the Government of Singapore Investment Corporation has agreed to purchase a major stake in Iso Omena shopping centre in Helsinki for just under EUR 132 mln.
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PropertyEU Archive
Vastned snaps up offices in Holland and Germany for EUR 20m
Dutch property company Vastned Offices/Industrial has purchased three office buildings in the Netherlands and Germany for a total investment of EUR 20.4 mln. In Amsterdam the company purchased an historic office property at 499 Herengracht for an investment of EUR 4.3 mln , reflecting an initial yield of 4.4%. ...
