All Real Assets articles in Web Issue – Page 237
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PropertyEU Archive
C&W designated leasing agent for office property in Katowice
Global real estate consultant Cushman & Wakefield has been appointed the leasing agent for the Francuska Office Centre in Katowice, Poland. Warsaw-listed Globe Trade Centre is the investor and developer of the two Class A city-centre office buildings. Total office space will be 21,500 m[sup]2[/sup]. The first building is scheduled ...
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PropertyEU Archive
Tesco agrees third sale-and-leaseback deal
UK retail giant Tesco gave information on Tuesday of a £207mln (EUR 257mln) sale-and-leaseback deal with Prupim, the property arm of UK insurer Prudential. The news came during the during the presentation of Tesco's preliminary results.
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PropertyEU Archive
White Estate 'buys part of Corio office portfolio'
Amsterdam-based private investor White Estate has reportedly acquired part of the office and business space portfolio put up for sale by listed Dutch property company Corio. Market sources say that the transaction price for the deal which was signed last week was in the region of EUR 350mln. This indicates ...
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PropertyEU Archive
Shift in Czech luxury residential market - Ceres
Rising demand and a lack of supply are creating a wealth of investment opportunities in the high-end residential market in Prague and the Czech regional markets, according to Prague-based Ceres Group, a global provider of services for international investors in the luxury residential market. Ceres held a press briefing on ...
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PropertyEU Archive
PropertyEU at the ICSC Europe conference
PropertyEU is reporting live from the International Council of Shopping Centres European annual conference being held at the RAI convention centre in Amsterdam this week. PropertyEU's coverage will include news reports and Web TV interviews with industry leaders. You can keep in touch with events at the three-day conference via ...
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PropertyEU Archive
UK property returns continue to improve: IPD
IPD said that its UK Monthly Index showed a total return of -0.8% month-on-month in March 2008, a very slight improvement on the -1.0% month-on-month return seen in February and continuing the upward trend since the -3.7% return seen in December. Capital values fell by 1.3% in March after a ...
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PropertyEU Archive
Zlote Tarasy wins 'Retail Destination of the Year'
Warsaw's Zlote Tarasy shopping centre, developed by ING Real Estate, was named 'Retail Destination of the Year' at the annual World Retail Congress in Barcelona last week.
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PropertyEU Archive
Ian Sutcliffe to head UK property at Segro
Segro, the flexible business space real estate investment trust, announced on Tuesday that Ian Sutcliffe is to be appointed managing director of the group's UK Property division. Sutcliffe is also joining Segro's board. He stepped down as chief executive of the UK arm of house builder Taylor Wimpey at the ...
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PropertyEU Archive
Cordea Savills to launch EUR 1bn Turkish opportunity fund
European real estate fund manager Cordea Savills said on Wednesday that it plans to launch a EUR 1bn Turkish opportunity fund. The Cordea Savills Turkish Property Ventures Fund will be a Luxembourg FCP vehicle with a planned life of five years. The fund will seek returns of 20% per annum ...
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PropertyEU Archive
German investment turnover falls 29% in Q1, Artisreal
A total of EUR 8.58bn was invested in Germany in the first quarter of 2008. This represents a fall of 29% on the equivalent period last year, property consultant Atisreal said in its latest research published on Wednesday. Of this figure, portfolio sales accounted for EUR 4.98 bn (58 %) ...
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PropertyEU Archive
Land Registry to lease 4,700 m[sup]2[/sup] in Rotterdam development
The Rotterdam division of the Dutch Land Registry has signed a lease for 4,700 m[sup]2[/sup] of office space at the Lotus Rotterdam project in the port city. Property advisor DTZ Zadelhoff said the Land Registry, Kadaster in Dutch, is taking the space in an eight-storey, 5,700 m[sup]2[/sup] property being developed ...
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PropertyEU Archive
Cross-border retail investment rises to 50%
The European shopping centre sector attracted EUR 25.7bn worth of investment in 2006, according to Rene Tremblay, chairman of the International Council of Shopping Centers (ICSC) and president and CEO of Canadian shopping centre developer and manager Ivanhoe Cambridge. Cross-border investment accounted for half of that figure, he added.
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PropertyEU Archive
Martifer to invest EUR 800m in Portuguese resort
Portugal's Martifer Group plans to invest up to EUR 800mln in the development of the Costa do Sal resort in Vagos, Northern Portugal. The Portuguese company wil develop a five-start hotel, a shopping centre, 500 apartments, and two golf courses in an area of 400 hectares. The project is carried ...
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PropertyEU Archive
Bristol Alliance reaches 85% let milestone at Cabot Circus
Land Securities and Hammerson, the Alliance partners responsible for developing the UK's largest regeneration scheme, Cabot Circus in Bristol, said that they have secured lease agreements with another eight retailers at the city centre retail and leisure destination. The latest signings bring the scheme to 85% let ahead of its ...
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PropertyEU Archive
Encore + to acquire retail park in Metz
LaSalle Investment Management and Morley Fund Management announced that its European open-end flagship fund Encore+ has signed an agreement to acquire Metzanine, a new generation retail park on the outskirts of the city of Metz, France for an undisclosed sum. MAB Bouwfonds, the developers of the 18,137 m[sup]2[/sup] site was ...
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PropertyEU Archive
Schroder Property acquires logistics centre in Milan
Schroder Property Investment Managers said on Wednesday that one of its funds has signed a purchase agreement for a 65,000 m[sup]2[/sup] logistics site located in Santa Cristina, about 40 kilometres south of Milan.
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PropertyEU Archive
Norwegian Property disposes of non-core asset in Oslo
Norwegian Property has entered into an agreement for the sale of Okernveien 9 at Toyen, Oslo. The gross property value is NOK 215 mln (EUR 27 mln). The buyer DTZ Realkapital Corporate Finance will syndicate the property to a consortium of investors. Confirmed satisfactory financing is condition precedent to closing. ...
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PropertyEU Archive
Dublin office market healthy despite economic clouds, CBRE
Occupier activity in the Dublin office market remains healthy, irrespective of economic conditions or funding issues, according to property consultants CBRE. The latest research by the company found that over 45,000m[sup]2[/sup] of letting activity was signed in Q1 2008 which is 10% higher than the five-year average for Q1. The ...
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PropertyEU Archive
Thematic centres set to increase in Western Europe
Refurbishment and redevelopment of outdated shopping centre stock is set to increase in importance in Western Europe in tandem with the falling population in the region, according to Menno Maas, CEO of ING Real Estate Development. Maas, who was speaking on Wednesday at the ICSC Europe conference in Amsterdam, illustrated ...
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PropertyEU Archive
German property returns continue to improve: IPD
IPD said on Wednesday that its German Annual Property Index showed an All property total return of 4.5% for 2007, a 3.2% jump on last year's 1.3% return. Property outperformed Bonds in 2007, which returned 2.5%, but underperformed Equities which returned 22.3%. In 2007 the income return on All Property ...
