All Real Assets articles in Web Issue – Page 224
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PropertyEU Archive
Sponda secures EUR 200m financing to fund Russian expansion
Sponda said has signed financing agreements with banks for a total €200m to fund its strategic expansion in Russia. The Finnish property company has agreed a seven-year, EUR 150 mln credit facility with Danske Bank and is getting a further EUR 50 mln in financing from Ilmarinen Mutual Pension Insurance ...
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PropertyEU Archive
FIABCI goes to Amsterdam in 2008
The 59th edition of the FIABCI World Congress real estate trade fair will be held in Amsterdam on 29 May through 31 May this year. The theme of the congress will be ‘Water: threats, opportunities and possibilities’. Keynote speakers include Hernando de Soto, world-renowned Peruvian economist and specialist in informal ...
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PropertyEU Archive
Ask, Manchester council in EUR 980m city centre revamp
UK developer Ask Developments has teamed up with Manchester city council to rebrand the city's Central Spine at First Street and redevelop the entire 20-acre scheme at a cost of EUR 980 mln, the company announced at MIPIM.
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PropertyEU Archive
Ablon acquires land for Gdansk luxury homes
CEE developer and real estate owner Ablon has completed the acquisition of a 88,000 m[sup]2[/sup] plot in the Polish port city of Gdansk for the development of a three-storey luxury residential complex on the site of a marina. The total cost of the project is put at EUR 95 mln ...
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PropertyEU Archive
Dawnay, Day Sirius acquires two business parks
Dawnay, Day Sirius (DDS) has announced the acquisition of two freehold business parks for a total of EUR 37m. AIM-listed DDS, established to acquire commercial property in Germany, said the parks are located in Offenbach and North Berlin. 'These acquisitions are in line with our strategy, providing us with ...
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PropertyEU Archive
Spazio makes acquisitions, signs sales deals
Spazio Investment, a real estate investment company focused on the Italian industrial property market, said on Thursday it had made two acquisitions worth a total of EUR 32 mln. The average gross initial yield of the transaction is 8.1%. The fund also said it has signed two binding sale agreements ...
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PropertyEU Archive
Morgan Stanley buys stake in CEE developer Adama
Morgan Stanley Real Estate said it has bought a stake in Eastern European developer Adama Holding Public. The real estate arm of the US investment bank did not disclose the size of the stake but said the transaction was made through its Special Situations Fund III. Adama is a ...
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PropertyEU Archive
ING RE sees big demand for Asian real estate
It is still too early to assess the full impact of the global credit squeeze on European real estate markets, so some investors with a backlog of ready cash to spend are turning to the booming Asian property markets, Hein Brand, CEO of ING Real Estate Finance, said in an ...
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PropertyEU Archive
Evans Randall distressed asset fund eyes Europe
Evans Randall's distressed retail asset fund is currently focused on the UK, but could very well be increasing its exposure to continental Europe later this year, CEO Michael Evans told PropertyEU TV at MIPIM.
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PropertyEU Archive
ING RE, Babcock & Brown buy into major Roman project
A consortium of ING Real Estate Development Italy and Australian-based fund and asset manger Babcock & Brown has signed a preliminary agreement to acquire a majority stake from Rome-based property firm Scarpellini Group in the Romanina development project in the east of the city.
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PropertyEU Archive
Kutxa becomes sole owner of Valle Romano
Spanish bank Caja de Gipuzkoa y San Sebastian (Kutxa) has increased its stake in the Valle Romano tourist development from 50% to 100%. The Spanish bank has bought the project, located in Estepona, near Malaga in southern Spain, from real estate and financial services group Meyluna. Kutxa paid around ...
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PropertyEU Archive
Commercial real estate booms in Germany
Total commercial real estate volumes in Germany will probably reach EUR 70-75 bn this year despite the credit crunch, as demand among institutional investors for German portfolios remains strong, property investment group Estavis estimates. Estavis released an upbeat edition of its investment barometer for Germany to coincide with the MIPIM ...
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PropertyEU Archive
Britain closes Sharia stamp duty loophole
Britain's finance minister Alistair Darling has closed a loophole in Sharia finance rules that allow commercial property investors to avoid paying stamp duty on more than EUR 1.3 bn of property deals in Britain, the Times reported on Thursday. The changes are part of the minister's 2008 budget plans published ...
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PropertyEU Archive
DTZ: Fed measures could lead to new 'bubble'
The Federal Reserve's aggressive policy of interest rate cuts to stave off a recession in the US runs the risk of creating a new 'bubble', a leading market commentator has warned.
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PropertyEU Archive
Office shortage could cost Edinburgh dear
There is a serious lack of suitable office space for small and medium-sized firms in the Scottish capital Edinburgh, according to research by consultancy DTZ.
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PropertyEU Archive
Global hotel transactions soar on mega deals
The number of global hotel transactions soared 56% in 2007, making it the fifth consecutive year of record growth, according to the latest Hotel Investment Outlook published by Jones Lang LaSalle.
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PropertyEU Archive
Global Housing Foundation moves into Eastern Europe
The Global Housing Foundation, a non-profit organisation with United Nations accreditation, is extending its $250 mln (EUR 162 mln) programme of providing affordable housing to slum dwellers to cover Eastern Europe, Latin America and Africa as well as Central America.
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PropertyEU Archive
Immoeast eyes Ukraine and Russia
Vienna-based Immoeast is to increase its activity in Ukraine and invest in Russia to a lesser extent. Karl Petrikovics, CEO of the largest listed property company in Austria, told PropertyTV at MIPIM IN Cannes that Immoeast, which to date has focused on Central and Eastern Europe, may also step up ...
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PropertyEU Archive
Warsaw tops office rental growth market
Warsaw's office market achieved 59% rental growth last year, according to new research from brokerage firm Savills. While London, Paris and Dublin remained the most expensive office rental markets in Europe, Warsaw and Berlin boasted the most significant growth, the survey shows. Rental markets remain resilient, with an average 8.3% ...
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PropertyEU Archive
UK regions stable, London stabilising, says Savills
While the London real estate has seen the biggest value correction since the 1990s, the rest of the UK market has been 'pretty stable', Mark Ridley, the newly appointed CEO of UK commercial property at Savills said in an interview with PropertyEU at MIPIM.
