All Real Assets articles in Web Issue – Page 253
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PropertyEU Archive
Caisse des Depots-led consortium to build hospitality complex
A consortium of French property developer Icade, Barclays European Infrastructure fund II, and banks Caisse des Depots and Dexia have signed a new Public-Private partnership contract to develop the Cite Sanitaire de Saint-Nazaire, in western France. The new hospitality complex will provide 794 beds and will represent an investment of ...
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PropertyEU Archive
RICS publishes first official guidance on carbon management
The Royal Institution of Chartered Surveyors (RICS) said on Thursday it has published professional guidance on the carbon management of real estate. The move is a result of growing demand among tenants for energy-efficient property and follows the introduction of Commercial Energy Performance Certificates (EPCs) in the UK.
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PropertyEU Archive
Multi, Galereja to develop mall in Ukraine's Lviv
Multi Development's Ukrainian office and the Lviv-based developer Galereja Centr have signed an agreement for the joint development of a new shopping centre in Lviv, the largest city of western Ukraine. The project will consist of a two-storey shopping centre crowned by a multiplex cinema, leisure and restaurants with terraces ...
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PropertyEU Archive
Stora Enso sells Dutch paper factory
The Finn-Swedish paper manufacturer Stora Enso has sold its former Berghuizer paper factory in in the Dutch town of Wapenveld. The property comprises several buildings and a combined heat-and-power plant on a site covering 31.5 hectares. Van Twiller, the Dutch subsidiary of US investment bank Morgan Stanley, has bought the ...
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PropertyEU Archive
Union Investment enters Finnish logistics market
Germany's Union Investment Real Estate has purchased a modern logistics building in Helsinki next to Vantaa International Airport. The deal marks Union Investment's entry in the Finnish logistics property market. The property, which was bought from an international holding company owned by Novator Properties, Ajanta Oy and Royal Bank of ...
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PropertyEU Archive
Europe's firms face falling values and stagnant rents: Moody's
The fundamental credit outlook for European real estate investment and development companies is negative, according to a new Moody's Industry Outlook report. Tighter and more costly credit has resulted in slowing property investment, driving values down throughout most of Europe, with the UK likely to be hit the hardest.
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PropertyEU Archive
Invesco RE, Ciloger to launch OPC1 by end-2008
Global investment manager Invesco RE and French fund manager Ciloger plan to raise up to EUR 300mln by the end of 2008 for their first OPCI (Organisme de Placement Collectif Immobilier) for French institutional investors. Simon Redman, head of business development at Invesco RE, told PropertyEU in an interview that ...
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PropertyEU Archive
'UK commercial property defaults to rise in next 12 months'
Eighty-six percent of UK property professionals expect default levels on commercial property to increase over the next 12 months, according to new research commissioned by Investec Private Bank's Structured Property Finance division. Of these, 31% believe that default rates will increase significantly while the remaining 69% foresee a marginal rise.
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PropertyEU Archive
JC Flowers-led offer for 25% Hypo stake underway
A group led by US private equity firm JC Flowers & Co has published its offer to buy up to 24.9% of Hypo Real Estate. The offer is for up to 50.1 million shares in Hypo Real Estate, Germany's second largest commercial real estate lender, at a price of EUR ...
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PropertyEU Archive
KPN to sell 34 properties individually
Dutch telecommunications company KPN has said it is changing its plans to dispose of 34 prime buildings in its real estate portfolio, by opting for individual sales rather than a block sale.
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PropertyEU Archive
King Sturge advised on Willis 'credit-crunch opportunity'
Property adviser King Sturge said it advised St Martins, the property investment vehicle of Kuwait's sovereign wealth fund, on its recent acquisition of the iconic Willis building in London.
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PropertyEU Archive
Irish group buys site near new Berlin airport
A consortium of Irish investors led by developers Ulick and Des McEvaddy have purchased a majority stake in a site near the new Berlin airport, the Irish Times newspaper reported on Friday. The McEvaddy brothers said they planned to build retail units, offices, a hotel and residential buildings at the ...
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PropertyEU Archive
IEF Capital withdraws bid for Vastned Retail
IEF Capital has withdrawn its offer for listed Dutch real estate group Vastned Retail and its EUR 2bn portfolio of international retail assets. Vastned Retail said in a statement issued on Friday that IEF Capital - a joint venture between Bouwfonds Asset Management and Inflation Exchange Fund (IEF) - had ...
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PropertyEU Archive
C&W represents Philips in Moscow leasing
Cushman & Wakefield Stiles & Riabokobylko said it represented Philips in negotiations that led to the signing of a preliminary leasing agreement for almost 7,000 m[sup]2[/sup] of space in Building A at Western Gate Business Park in Moscow.
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PropertyEU Archive
New EPF president Frederiksen prioritises EU REIT
John Frederiksen, the chairman of the board of the Danish Property Federation, has been elected president of the European Property Federation. The EPF managing committee unanimously elected Frederiksen, who brought the Danish property industry into EPF in 2003.
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PropertyEU Archive
Skanska invests in trendsetting 'green' project
Swedish construction and real estate giant Skanska is investing SEK 350mln (EUR 37.6mln) in the first phase of a new 'green' office property in Gothenburg.
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PropertyEU Archive
Immit looks to raise EUR 1b through Milan IPO
Immit Immobili Italiani, the real estate investment company which manages the property assets of bank Intesa Sanpaolo, said on Monday it will distribute 100% of its profits as dividends in 2008 and 2009. IMMIT chief executive Eugenio Kannes said during the presentation in Milan of the company's initial public offering ...
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PropertyEU Archive
NSI boosts Swiss portfolio with EUR 47m purchase
Nieuwe Steen Investments said on Monday it has reached agreement with unnamed parties on the acquisition of two commercial properties in the centre of Fribourg, Switzerland, for a total sum of EUR 47mln, excluding costs. The deals are expected to be finalised by mid-2008. The Dutch property fund said the ...
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PropertyEU Archive
Union Investment acquires Frankfurt's Schwedler Carre
Union Investment Real Estate has acquired the Schwedler Carre office block in Frankfurt am Main, Germany, from real estate firm Max Baum Immobilien for EUR 25mln. The property is earmarked for the German firm's open-ended real estate fund Immo-Invest Europa. Comprising around 8,500 m[sup]2[/sup] of rental space, the property is ...
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PropertyEU Archive
Warimpex brings angelo design hotel to Munich
Warimpex, the Vienna-based real estate developer and investor focusing on Central and Eastern Europe, has described the opening of the first angelo design hotel in Germany on Monday as 'a further major milestone' in the positioning of the brand since the launch of the concept in Prague in 2006.
