All Real Assets articles in Web Issue – Page 239
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PropertyEU Archive
Trigranit looking for co-development partners for large projects
Hungarian developer Trigranit says it is looking for co-development partners in large-scale inner-city projects to offset the risks caused by the turmoil in the financial markets. 'Trigranit is growing very fast but we also have to take into account the financial turmoil in the market. Therefore when we are looking ...
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PropertyEU Archive
Ukraine and Russia top retailers' list of emerging markets
India, Ukraine, Russia and Malaysia are the most popular emerging markets for international retailers, according to a new survey by CB Richard Ellis on global emerging markets. International clothing retailers are most active in Ukraine, the survey found, with Russia in third place after Malaysia. Ukraine was the second favourite ...
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PropertyEU Archive
PropertyEU survey of retail pipeline in Europe
PropertyEU asked leading developers about their committed retail pipeline in Europe. Here are the results:
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PropertyEU Archive
Germany's major office markets have good first quarter
The six largest office markets in Germany recorded a strong first quarter in 2008, according to a new report published on Wednesday by Colliers PropertyPartners. Take-up in Berlin, Dusseldorf, Frankfurt, Hamburg, Munich and Stuttgart rose by about 6.6% to 698,800 m2, compared to the previous quarter. Munich was the strongest ...
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PropertyEU Archive
UK pooled property funds continue to lose value in Q1 - IPD
UK pooled property funds continued to lose value in the first quarter of 2008, with the IPD All Pooled Funds Index recording a fall in total returns of 4.9%. When added to declines seen in the two previous quarters, IPD noted the All Pooled funds Index total ...
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PropertyEU Archive
Babcock & Brown infrastructure fund raises EUR 106m
Babcock & Brown has announced that its London-listed Brown Public Partnerships (BBPP) fund has completed an £84mln (EUR 106m) capital raising.
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PropertyEU Archive
Deutsche Euroshop sees 2008 revenues rising to at least EUR 110m
German shopping centre investor Deutsche Euroshop said Friday it expects revenues to rise to EUR 110mln to EUR 113mln in 2008 from EUR 95.8mln in 2007, as new shopping centres are opened. Revenues are expected to climb to EUR 119mln, and EUR 121 mln in 2009, the company said at ...
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PropertyEU Archive
JJB to close 72 UK stores
UK sports retailer JJB said it plans to close 72 UK stores in a radical restructuring of its property portfolio, including a refit of 40 of its remaining stores. By the end of April, JJB will have closed 65 stores and reopened another seven under the Original Shoe Company brand. ...
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PropertyEU Archive
Corestate appoints Daniel Schoch as CFO
German asset manager Corestate said its Swiss unit Corestate Capital Zurich has appointed Daniel Schoch as director and chief financial officer. Schoch will support the further growth of the private equity investment and asset management company by assuming responsibility for accounting, controlling and strategic financial management. In addition, he will ...
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PropertyEU Archive
DTZ to asset manage Europeum in Bratislava
Property consultancy DTZ has announced that it has expanded its asset management portfolio to include the modern multifunctional Europeum Business Centre in Bratislava.
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PropertyEU Archive
Average prime yield rises as re-pricing runs course - CBRE
The CB Richard Ellis (CBRE) prime rent and yield monitor for UK commercial property showed the All Property average prime yield rose 20 basis points to 5.9% in the first quarter of 2008, a sharp easing from the 50 basis points rise seen in the last quarter of 2007. With ...
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PropertyEU Archive
Kiev benefits from high Moscow rents - CBRE
High rents in Moscow are prompting international retailers to look at secondary cities in Russia as well as some of the former Soviet states like Ukraine, Jonathan Riches, assistant research director at CB Richard Ellis has told PropertyEU WebTV.
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PropertyEU Archive
Union Investment buys building in Santiago de Chile
Hamburg-based Union Investment Real Estate said it has purchased the Torre Paris building in Santiago de Chile for its UnImmo: Global fund for a total investment of about EUR 36.5mln, as it continues the expansion of its Latin American property portfolio. Union Investment said the acquisition of the almost fully ...
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PropertyEU Archive
King Sturge buys Scottish peer Hamilton Glen
Property consultancy King Sturge said it has acquired Glasgow-based retail property specialist Hamilton Glen as part of its continuing expansion into the retail sector. No financial details were disclosed. The deal follows the acquisition of London-based Leslie Furness in January. Charles Miller, King Sturge's national head of in-town retail, said: ...
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PropertyEU Archive
Education key to substanability campaign: Multi
Gouda-based retail developer Multi Corporation is planning to launch a Green Academy programme, CEO Glenn Aaronson told PropertyEU WebTV. 'The Green Academy is a new initiative to get local universities throughout Europe involved in the planning and presentation of the principles of sustainability to the public so the public awareness ...
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PropertyEU Archive
Infrastructure investors increasingly eyeing CEE - Ernst & Young
Private infrastructure investors are expected to increasingly turn their attention to emerging markets in Central and Eastern Europe, according to a report released by Ernst & Young on the current environment and future opportunities for private investment in European infrastructure. Entitled 'Bridging the Gap', the report predicts that investors ...
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PropertyEU Archive
Van den Ende kills off Living City
Dutch millionaire impresario Joop van den Ende has liquidated his stake in the Living City property company because two of its directors are suspects in a real estate fraud investigation.
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PropertyEU Archive
Prupim details Tesco sale-and-leaseback deal
Prupim, the property arm of British life insurer Prudential, has confirmed it has purchased a £207mln (EUR 261mln) portfolio of six Tesco food stores on behalf of Prudential Annuities. The deal was alluded to initially in Tesco’s presentation of its preliminary results last week.
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PropertyEU Archive
Diagonal House in Moscow fully leased
Moscow's Diagonal House, a new B+ class mixed-use retail and office building developed by investment holding company Mobil Management Invest, is now fully leased. The Russian office of real estate services firm Cushman & Wakefield acted as co-exclusive leasing and marketing agent for the central Moscow project, which was completed ...
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PropertyEU Archive
Take-up European data centres soars in Q1
A record 158,000 m[sup]2[/sup] of space was taken up in the European data centre market last year largely due to a strong final quarter. The 2007 figure was 37% higher than the combined totals of 2006 and 2005, generating year-on-year growth of 148%, property adviser CB Richard Ellis said on ...
