All Real Assets articles in Web Issue – Page 220
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PropertyEU Archive
Reita predicts UK commercial property recovery in 2H
The UK commercial property market should stabilise by mid-year followed by a gradual recovery for the second part of the year, according to the first quarterly property investment perspective report issued by Reita.
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PropertyEU Archive
C&W leases 70% of Kutuzoff Tower in Moscow
C&W Stiles & Riabokobylko (C&W/S&R), the Russian unit of Cushman & Wakefield, has leased 70% of office space in the 20-storey Kutuzoff Tower office development. A range of tenants, including Coca-Cola Soft Drink Consulting, Egis, Autodesk, International Health Care Consulting, signed on for space in the 29,537 m[sup]2[/sup] Moscow ...
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PropertyEU Archive
Catalyst Capital acquires Italian retail assets
Catalyst Capital has acquired a portfolio of three supermarket units in Rome and a newly developed shopping centre in Bologna for its WCC Europe fund. Catalyst, a pan-European asset manager and development group, purchased the properties for EUR 84 mln from Di Mario Group/Dimafin.
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PropertyEU Archive
C&W win leasing contract for Becsi Corner Office
Cushman & Wakefield has won an exclusive commission as letting agent for the 10,000m[sup]2[/sup] Becsi Corner Office Building complex, in the centre of Obuda. Built by Hungarian developer Biggeorge, the scheme will provide 7,300 m[sup]2[/sup] of office space and close to 3,000 m[sup]2[/sup] of catering and commercial space on completion ...
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PropertyEU Archive
Dubai fund hints at quick deal on Colonial bid
The Investment Corporation of Dubai (ICD) has said it doesn't rule out reaching agreement with Colonial's main shareholders on its bid for the debt-laden Spanish real estate company 'in the near future'.
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PropertyEU Archive
Meridia Capital to develop luxury hotel in Paris
Barcelona-based private equity investor Meridia Capital has acquired an 8,500 m[sup]2[/sup] building in the ninth arrondissement of Paris from Spanish property company Nozar for an undisclosed sum. The triangular Haussmann-style building, originally constructed in 1870, is currently vacant and will be converted into a luxury boutique hotel. Meridia said refurbishment ...
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PropertyEU Archive
Unibail-Rodamco to develop Stockholm shopping centre
Franco-Dutch property giant Unibail-Rodamco has signed an agreement to develop one of the largest shopping centres in Scandinavia. Known as the Mall of Scandinavia, the 100,000 m[sup]2[/sup] shopping centre is part of a large urban development scheme in Stockholm. The other elements are the new National Soccer Stadium, hotels, office ...
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PropertyEU Archive
DTZ selected to manage Warsaw's City Point
DTZ has signed an agreement to provide property management services for Central European Industrial Found's City Point distribution park in Warsaw. City Point is the largest multi-let distribution and industrial facility in Warsaw, located close to the city centre. The property provides some 22.5% of the modern warehousing stock in ...
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PropertyEU Archive
Terrace Hill completes Hammersmith sale
AIM-listed property group Terrace Hill said on Wednesday it has completed the sale of its riverside property, Queens Wharf in Hammersmith, to a joint venture of Westcity and Byrne Estates for £30.75 mln (EUR 40 mln). In October 2006 Terrace Hill purchased an option to acquire the development site from ...
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PropertyEU Archive
Fund managers encouraged to contribute data to INREV index
Some of Europe's largest institutional real estate investors have called on fund managers of non-listed property funds to bolster the INREV index by contributing data on their own vehicles.
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PropertyEU Archive
Aedes to launch EUR 1.2 bn REIT by end-2008
Italy's Aedes Immobiliare plans to launch a EUR 1.2 bn real estate investment trust (REIT) by the end of 2008, CEO Luca Castelli said in a statement on Thursday. Failing that, the real estate group intends to buy a listed company and convert it to REIT status, known as SIIQ ...
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PropertyEU Archive
Student flat firm confident on 2008
UK student accommodation provider Unite Group has reported strong sales performance for the 2008-2009 year, with 62% of rooms already reserved by 29 February. This compares to 56% in the year earlier. Pointing to the resilience of the growing student accommodation market, the company said it looked ahead to ...
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PropertyEU Archive
RBS invests EUR 211m in Finnish hypermarkets
RBS Nordisk Renting, a wholly-owned subsidiary of the Royal Bank of Scotland, said it has bought a K-Citymarket retail property in Pieksamaki for an undisclosed amount from Finnish retail chain Kesko Oyi. The company said it has also signed a new joint venture agreement with the retailer to invest an ...
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PropertyEU Archive
Carlyle Group spends EUR 216m in Finland
Carlyle Group has acquired 30 office properties from Finnish insurance group Tapiola for EUR 216 mln. The global private equity firm said it seeks to increase its exposure to the Nordic real estate markets where yields are higher than in other countries. 'The relatively high yields compared to other mature ...
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PropertyEU Archive
Leasinvest Real Estate purchases Antwerp properties
Leasinvest Real Estate has acquired four properties in the province of Antwerp with a global fair value of EUR 27.1 mln. The purchase of the properties increases the value of the Belgian listed fund's real estate portfolio to EUR 468 mln.
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PropertyEU Archive
Largest UK retail-led regeneration scheme opens in Belfast
The largest city centre retail-led regeneration scheme in the UK opened in Belfast on Thursday. Paul Sargent, managing director of Multi Development UK said the 75,000 m[sup]2[/sup] Victoria Square shopping centre involved a capital investment of £400 mln (EUR 523 mln). The yield was around 5% this time last year ...
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PropertyEU Archive
Vastned Retail rejects takeover bid, receives offers for portfolios
Dutch-listed property company Vastned Retail said on Thursday it has rejected a bid for the entire company because it was too low. 'The offer provides insufficient scope for the conclusion of a definitive transaction on attractive conditions', Vastned said. The company did not give additional details regarding the bidder.
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PropertyEU Archive
Rising interest rates halt Europe's booming housing markets - RICS
The majority of housing markets in Europe slowed sharply or slid backwards during the second half of 2007 in response to inflation-induced interest rate rises, according to the research report European Housing Review 2008 commissioned by RICS. According to the report, the prime cause has been the general rise in ...
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PropertyEU Archive
Bouygues wins contracts to build Swiss, Russian towers
French development group Bouygues Construction said on Thursday it has won contracts for the development of two skyscrapers in Switzerland and Russia. The projects, worth a total of EUR 185 mln, will involve the construction of the Prime Tower west of Zurich and a residential complex in Russia. At an ...
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PropertyEU Archive
International investor buys office complex in Dusseldorf
An international property investment management company has acquired an office complex in the north of Dusseldorf from a closed-end property fund managed by DG ANLAGE in Frankfurt. The purchase price for the property amounted to a double-digit million figure and the stockholders expect provisional liquidation proceeds of 2.4 times the ...
