All Real Assets articles in Web Issue – Page 217
-
PropertyEU Archive
Redevco and Harvard explore scope for high-end retail in Amsterdam
Dutch real estate company Redevco and Harvard University's Graduate School of Design are organising a design workshop to explore the possibilities for the creation of a new high-end retail destination in Amsterdam's Beethovenstraat-Zuidas district.
-
PropertyEU Archive
Fortress tipped as likely bidder for Mapeley
Fortress Investment Group has emerged as the most likely bidder for Mapeley, the commercial property company, after Mapeley admitted that it had received a takeover approach.
-
PropertyEU Archive
Reita, CII work to enhance property investment knowledge
Reita, the UK education and awareness campaign for property investment and real estate investment trusts, has joined forces with the Chartered Insurance Institute (CII) to work on the extension of the diploma-level investment syllabus to include property investment as an asset class.
-
PropertyEU Archive
Real estate crucial to sustainability - senior executives
Real estate and facility strategies play a central role in the corporate sustainability efforts, according to a new global survey of 1,254 senior business executives, including more than 300 CEOs. Nearly half of all respondents named as their leading sustainability priority a goal that is addressed primarily or solely through ...
-
PropertyEU Archive
Mipim introduces 'green day'
The challenges of sustainable development will be the subject of a special 'green day' at the Mipim international property fair in Cannes next month. Apart from the sustainable projects showcased in the exhibition area, Mipim has scheduled a series of conferences on sustainable development on the second day of the ...
-
PropertyEU Archive
European fund platform helps lift GPT full-year results
Australian property firm GPT Group announced strong full year results as it posted a growth in global assets under management to $8.5 bn in the year to 31 December 2007. European asset growth was particularly notable, growing to $3.4 bn excluding $300 mln in assets held for future funds, following ...
-
PropertyEU Archive
Land Secs evaluates Trillium sell-off
Land Securities REIT, the largest listed real estate company in the UK, is studying the benefits of selling off its property outsourcing division, Land Securities Trillium. Analysts have valued the Trillium division at between £1 bn and £1.5 bn (EUR 1.3 bn to EUR 2 bn).
-
PropertyEU Archive
Evans Randall expands portfolio of its £1bn opportunity fund
UK investment banking and private equity group Evans Randall has made a second and third acquisition for its £1bn (EUR 1.3 bn) opportunity fund launched in January. The fund, set up to take advantage of a short-term yield shift in the distressed property markets, made its first purchase in early ...
-
PropertyEU Archive
Parquesol sees net profit drop in 2007 while rental income rises 11%
Spanish property group Parquesol said its net profit last year fell 26.5% to EUR 41.1 mln, as the company was hit by a sharp slowdown in demand in the country’s real estate sector and delays in the expected delivery of some of its residential developments.
-
PropertyEU Archive
IPD: Sweden posts 14.9% property return in 2007
Commercial real estate performance analysis services IPD said that its Swedish Annual Property Index saw a total return of 14.9% in 2007, representing a fall of 1.3% on the year before, but maintaining double-digit returns for the third consecutive year. Property far outperformed the equity and bonds markets, which returned ...
-
PropertyEU Archive
Dawnay Day Carpathian invests EUR 172m
Dawnay Day Carpathian (DCC) has completed the acquisition of four developments and three investment transactions for a total of EUR 172 mln since end-June 2007.
-
PropertyEU Archive
IPD reports lowest UK commercial property returns since 1990
IPD announced on Friday that its UK Annual Property Index reported in 2007 the biggest fall in commercial property returns since 1990. The change in the capital value of investments in UK commercial property over the year was -7.7%, and the total return to property investments was -3.4%. This turnaround ...
-
PropertyEU Archive
IRE 2007 EPS fall, as NAV and dividend increase
International Real Estate, a property investment and development company listed on the AIM segment of the London stock exchange, said its 2007 earnings per share (EPS) slipped to EUR 1.35 from EUR 1.59 the previous year, as its net asset value per share headed the other direction, rising to EUR ...
-
PropertyEU Archive
Corio 2007 direct result beats forecast, no outlook for 2008
Dutch property group Corio said its direct investment result rose 2.7% to EUR 203.1 mln in 2007, slightly higher than a previous forecast that the figure would be in line with the EUR 197.7 mln seen a year earlier. However, Corio declined to give an outlook for 2008, citing ...
-
PropertyEU Archive
Savills: corporate sector will drive Spain's office market in 2008
The office investment markets in Madrid and Barcelona will be driven by corporate transactions this year, according to a research report published by Savills. Real estate companies are expected to put large property portfolios on the market in a move aimed at reducing their liabilities. In 2007, Spain's main office ...
-
PropertyEU Archive
PIK sees 23.9% in housing completions, expects strong growth in 2008
Russian residential property developer PIK Group said housing completions in 2007 were up 23.9% on the year earlier, with regional completions surging ahead 131.8% in the year. The company said fundamentals of the Russian residential real estate market remain sound, and it expects good growth over the coming year.
-
PropertyEU Archive
Cofinimmo sells long-lease rights on 21 properties for EUR 77m
Belgian listed property company Cofinimmo said it had sold its long-lease rights on a number of office buildings in the periphery of Brussels for EUR 77 mln, equivalent to a realised gain of 40 euro cents per ordinary share.
-
PropertyEU Archive
Fletcher puts 22-hotel portfolio up for sale
Fletcher Hotel Group, a subsidiary of the Hotel Management Group, said on Friday it has hired UK broker HVS Hodges Ward Elliot for the sale of its two and three-star hotel portfolio in the Netherlands. Fletcher, based in Vianen, said it plans to sell 23 of the 28 hotels it ...
-
PropertyEU Archive
Porto Investment signs EUR 29m financing for Budapest complex
Porto Investment Hungary said on Thursday it has signed a EUR 29 mln facility agreement with MKB Bank Zrt for the redevelopment of the Kozraktar complex in Budapest. The company, which was awarded the project in a public-private partnership (PPP) with the city of Budapest, expects construction to start in ...
-
PropertyEU Archive
Orco reveals details of 3 holiday property projects in Czech Republic
Luxembourg-based Orco Property Group has unveiled details of three luxury holiday apartment projects in the Czech Republic.
