All Real Assets articles in Web Issue – Page 231
-
PropertyEU Archive
CB Richard Ellis obtains new affiliate in Greece
Property consultants CB Richard Ellis (CBRE) has announced the signing of an affiliate agreement with Greek commercial real estate services company Atria group (formerly Lambert Smith Hampton Hellas).
-
PropertyEU Archive
Prologis to apply BREEAM standard in UK
Prologis announced on Tuesday that all its new facilities in the UK will have to achieve a minimum rating of 'very good' under the BRE Environmental Assessment Method (BREEAM), the UK's national standard for best practice in sustainable development and environmental performance.
-
PropertyEU Archive
TCN buys retail & leisure park in Spain
The Spanish arm of Netherlands-based property group TCN has signed an agreement to purchase Les Mates retail & leisure park in El Vendrell, Spain. The 10,000 m[sup]2[/sup] centre is located next to the N340, the regional road which connects Barcelona with Tarragona.
-
PropertyEU Archive
Land Securities names demerger chiefs
Land Securities Group has announced the appointment of Sir Christopher Bland, Rick Haythornthwaite and Kevin O'Byrne as non-executive directors as the UK real estate investment trust proceeds with plans to demerge into three separate companies.
-
PropertyEU Archive
Minsk property market on the upswing - Colliers
The office market is at the forefront of rising demand in the commercial real estate market in Minsk. Colliers International has predicted the office supply in the capital of Belarus will triple in 2008 -2009, bringing total office space from 92,200 m[sup]2[/sup] to 325,350 m[sup]2[/sup]. At the end of 2007 ...
-
PropertyEU Archive
Grainger gains liquidity through new debt facility
UK-based residential property owner Grainger has announced the injection of additional liquidity in its core UK debt portfolio through the raising of a £228mln (EUR 287mln) five-year revolving credit facility. The group's debt now averages a five-year maturity, with the main facility averaging four years. The main facility's first refinancing ...
-
PropertyEU Archive
Alstria reports 170% increase in revenues in 2007
Hamburg-based Alstria office REIT has reported a 170% increase in revenues to EUR 82.6mln in its financial results for 2007. The company statement said that as a result of the substantial growth in investment properties from EUR 1.29 bn to EUR 1.69 bn, revenues increased from EUR 30.1mln in 2006 ...
-
PropertyEU Archive
Sonae Sierra launches EUR 300m shopping centre fund
Portugal's Sonae Sierra announced on Wednesday that it has launched its second shopping centre investment fund, Sierra Portugal Fund (SPF), with a total equity of EUR 300mln. The fund is seeded with eight Portuguese shopping centres, representing a total market value of over EUR 425mln. Sonae Sierra said the ...
-
PropertyEU Archive
Commerz Real acquires Berlin hotel project
German property investor Commerz Real has signed the deed for the InterCityHotel Berlin Airport project in Berlin. IVG Development, the project development division of German investor IVG was the vendor.
-
PropertyEU Archive
Resolution acquires Oxford Street assets
UK-based property investor Resolution has acquired an office and retail scheme on Oxford Street in London from The Crown Estate, the property portfolio associated with the monarchy in the UK.
-
PropertyEU Archive
Sonae Sierra, Caelum agree Parklake Plaza joint venture
Portuguese shopping centre firm Sonae Sierra and Caelum Development, a specialist retail developer in Eastern Europe have established a 50:50 joint venture for the development of Parklake Plaza in Bucharest. The project is one of Europe's biggest shopping centres with a total gross investment volume, excluding VAT, of some EUR ...
-
PropertyEU Archive
Rise in foreign companies setting up HQs in Amsterdam
More international companies chose to locate their European headquarters in the Amsterdam area last year than in previous years, according to the latest office market report by property adviser Cushman & Wakefield. Some 94 foreign companies, up from 86 in 2006, and 73 in 2005) opened offices in the ...
-
PropertyEU Archive
Potential for Irish retail weakening - CBRE
CB Richard Ellis have cast doubt on further growth in the Irish retail market. 'Considering the quantum of retail accommodation that has been developed in Ireland in recent years and the fact that consumer spending is now slowing, the potential for strong rental growth in the Irish retail sector is ...
-
PropertyEU Archive
Central London investment slumps to three-year low
The fall-out of the credit crunch continues to affect the Central London commercial property investment market, according to the latest investment market figures from global property consultant Cushman & Wakefield. Just £2.83bn (EUR 3.59bn) transactions took place during the first quarter of 2008, which is significantly down on the total ...
-
PropertyEU Archive
Trigranit invests in Moscow shopping centre project
Budapest-based Trigranit Development Corporation, announced on Wednesday that it is investing in the development of Mozaica Shopping Center in Moscow. The investment volume was not disclosed.
-
PropertyEU Archive
Degi slashes expectations for G-REIT
Degi has drastically reduced its forecast for the German real estate investment trust (G-REIT). Initially, it was considered reasonable that the tax-friendly vehicle introduced in 2007 would see market volumes of EUR 50-60bn. But in a new report, Degi- the German property investment fund manager owned by UK-listed Aberdeen Asset ...
-
PropertyEU Archive
STE to build 18,000m[sup]2[/sup] of office for Alstom
Societe de la Tour Eiffel (STE) is set to launch the first phase of its major redevelopment program on the existing Alstom facility in Massy to the southwest of Paris. The SIIC company will invest EUR 50 mln to build a new 18,000 m[sup]2[/sup] office building on the 18-hectare site. ...
-
PropertyEU Archive
Unite's student residential fund NAV dips 1.8% in Q1
UK property firm Unite Group said the estimated net asset value of its UNITE UK Student Accommodation Fund fell by 1.8% in the first quarter of 2008. The funds NAV stood at £1.002 on 31 March, down from GBP1.020 at end-2007.This valuation is the result of an independent valuation ...
-
PropertyEU Archive
GLL acquires Leopold Plaza in Brussels for EUR 23m
Generali Lend Lease (GLL), a joint venture of Australia's lend Lease and Italian insurance firm Generali, has acquired 100% of holding company Merrion, which owns the Leopold Plaza office building in Brussels, for EUR 23mln. The seller was an unnamed Irish family. GLL Partners (Generali Lend Lease). GLL has acquired ...
-
PropertyEU Archive
Colonial to sell 84% stake in SFL
Debt-laden Spanish property company Inmobiliaria Colonial is to sell a 84.4% stake in France's Societe Fonciere Lyonnaise (SFL) to reduce its EUR 9bn debt. The Spanish group announced at end March that it has hired an international bank to begin the disposal process.The sale could fetch up to EUR 3bn.
