All Real Assets articles in Web Issue – Page 216
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PropertyEU Archive
Terra Catalyst completes largest IPO on AIM in 2008
Terra Catalyst Fund, a closed-end fund that invests in undervalued listed real estate companies, has completed the largest IPO on London's junior AIM market so far in 2008. Fairfax raised £116.3 mln (about EUR 143.5 mln) in the institutional placing. Registered in the Cayman Islands, Terra Catalyst targets listed property ...
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PropertyEU Archive
Islamic REITs to reach record levels in 2008 - Moody's
Islamic real estate investment trusts (IREITs) will experience new record growth both in the Asia-Pacific and Gulf Cooperation Council regions during 2008, Moody's Investors Service has predicted in its 2007 Review & 2008 Outlook: Islamic Finance report.
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PropertyEU Archive
GE Real Estate acquires EUR 33m Frankfurt office building
GE Real Estate has announced the acquisition of an 18-storey office building in Frankfurt from a private individual for EUR 33 mln. The 10,000 m[sup]2[/sup] Bleichstrasse 64-66 office in Frankfurt’s city-centre was formerly fully occupied by Dresdner Bank.
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PropertyEU Archive
Union Investment sustainability contest draws 90 entrants
Union Investment has received 90 entries for the 2008 Prime Property Award. Projects have been submitted from 18 European countries and range from new buildings to existing developments and refurbishments. The judges will be looking at the combination of architectural quality with a commitment to ecological principles and a ...
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PropertyEU Archive
Colliers Croatia named leasing agent for Sibenik mall
Colliers International Croatia has been appointed as leasing agent for the expanded and upgraded Dalmare Shopping Centre in Sibenik. The projects second phase is due for completion in Spring 2009 and will bring the centre's total gross lettable area to 54,000 m[sup]2[/sup]. at the cost of EUR 50 mln. The ...
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PropertyEU Archive
Hammerson agrees sale of One London Wall
Hammerson and its joint venture partner Kajima have agreed to sell the long leasehold interest in the 18,500 m[sup]2[/sup] office scheme One London Wall for £136 mln (EUR 180.4 mln). The buyer is One London Wall, which is owned by German insurance company Hansainvest. The office generates an annual rental ...
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PropertyEU Archive
Colliers begins leasing third stage of Airport City Belgrade
The leasing for the third stage of Serbia’s first business park, Airport City Belgrade, has begun with Colliers International Serbia serving as leasing agent. Four buildings comprising 9,500 m[sup]2[/sup] of Class-A office space have been built with a further 11,000 m[sup]2[/sup] of office space to be completed in two buildings ...
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PropertyEU Archive
Alstria and IPD to develop German office rent index
Germany's Alstria office REIT and the Investment Property Database (IPD) have announced plans to jointly develop the German Office Rent Reversion Index (DMX) to enhance transparency in key German office markets. The index will allow participants to see discrepancies between prevailing market trends and rents in existing leases and adjustments ...
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PropertyEU Archive
CEE logistics sector set for boom - CB Richard Ellis
Central and Eastern Europe (CEE) will require an additional 13 million m[sup]2[/sup] of logistics space to cope with the distribution needs of the retail sector, according to a new report by CB Richard Ellis.
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PropertyEU Archive
DTZ to manage Warsaw business park
Property adviser DTZ has been chosen by Ghelamco Poland to manage Marynarska Business Park in Warsaw. Its 86,000 m[sup]2[/sup] of leasable area makes Marynarska one of Warsaw's largest Class-A offices and will add to the large portfolio being developed by Ghelamco and managed by DTZ.
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PropertyEU Archive
Hertz picks CBRE as global RE outsourcing provider
CB Richard Ellis Group (CBRE) has been selected as global real estate outsourcing provider for the Hertz corporation in Europe and North America. The nearly 3,000 locations covered include office space, reservations centers, data centers, equipment rental locations and car rental facilities. CBRE will provide a full range of integrated ...
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PropertyEU Archive
Vastned Offices reports increase in direct result
Dutch property company Vastned Offices/Industrial has said it expects to post a direct investment result per share for 2008 that will be in line with the year before. The company said its 2007 direct investment result rose to EUR 35.1 mln from EUR 32.2 mln in 2006, giving it a ...
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PropertyEU Archive
Investors positive on private equity real estate
Almost 50% of investors intend to increase exposure to private equity real estate over the next 12 months, a new survey by consultancy Preqin Real Estate has found. A total of 54% of investors who took part in the survey intend to maintain their exposure to private equity real estate ...
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PropertyEU Archive
Savills sees opportunities in French student housing
The French student housing sector will be an increasingly attractive niche market for real estate investors due to undersupply, rising student numbers and the need for better management standards, according to new research by Savills. Guaranteed rent is a further incentive for investors, with rents ranging from EUR 122 per ...
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PropertyEU Archive
Outflow from UK property funds slows in January
A total of £77 mln (EUR 102 mln) was withdrawn from private investor property funds in the UK during January, significantly down on the £242 mln withdrawn in December.
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PropertyEU Archive
3C Real Estate begin construction of mixed-use scheme in Lohmar
German real estate company and project developer 3C Real Estate has commenced construction of Lomarer Hofe, a new Eur 12mln inner city development, in Lohmar. The project, which comprises some 5,500m[sup]2[/sup] of offices, flats and convenience centre, is expected to complete end 2008. Contracted tenants include Rossmann and KIK and ...
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PropertyEU Archive
Outlook for Arabian Gulf property sector largely positive
Moody's Investor Service has evaluated prospects for the Arabian Gulf's property sector as broadly positive in its new Industry Outlook report, the first devoted to the Gulf region. While acknowledging various sector risks the report anticipates sustained regional market growth largely based on demand for housing, office and retail space ...
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PropertyEU Archive
Kenmore completes 22,400 m[sup]2[/sup] of lettings in France
Kenmore European Industrial Fund (KEIF) said it has completed 23 new lettings in France over the past two months. The deals represent 22,414m[sup]2[/sup] of space and will generate a total annualised income of EUR.7 mln. Most of the lettings have been taken on three, six, nine-ear leases, standard in the ...
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PropertyEU Archive
Hypo provides EUR 300m financing for Russia, Romania projects
The international arm of Germany's Hypo Real Estate Group announced the completion of over EUR 296 mln in funds for two separate development projects in Russia and Romania. The bank provided a $89 mln (EUR 56 mln) investment facility to Raven Russia on 29 January 2008. The funding was for ...
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PropertyEU Archive
Endurance Fund acquires shopping centre in Lublin
Orco Property Group's Endurance Fund have acquired Galeria Orkana in the Polish city of Lublin for about EUR 26.5 mln. The shopping centre was purchased from Warsaw-based Keen Property Partners by the Office sub-fund of the Endurance Fund.
