All Real Assets articles in Web Issue – Page 260
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PropertyEU Archive
Immo unveils 85,000 m[sup]2[/sup] Serbian logistics scheme
Immo Industry Group and Colliers International Serbia have unveiled plans for what they say will be Serbia's first logistical and industrial park. Known as IIG Industrial Park Belgrade, the park will comprise 85,000 m[sup]2[/sup] of logistics and industrial facilities on a 17-hectare site on the E-75 highway next to Stara ...
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PropertyEU Archive
Vastned Office sells properties for EUR 17m
Dutch property fund Vastned Offices/Industrial has sold six properties in the Netherlands for about EUR 17mln as part of its strategic shift towards more liquid office markets. Vastned noted the properties had an average occupancy rate of 72% and an annual gross rental income of EUR 1.2mln. The company said ...
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PropertyEU Archive
No recovery for UK property until 2010 - IPF survey
Optimists betting on a recovery of the UK commercial real estate sector next year will likely be disappointed, according to the findings of a quarterly report by the Investment Property Forum (IPF). Key industry analysts, the IPF found, are less hopeful than they were three months ago that UK property ...
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PropertyEU Archive
Multi breaks ground on EUR 400m Czech scheme
Multi Development on Friday held a groundbreaking ceremony for the first phase of its New Karolina mixed-use project in Ostrava in the Czech Republic. The Dutch-based developer said the EUR 400mln scheme, comprising a total 240,000 m2, is the largest inner city regeneration project in the Czech Republic.
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PropertyEU Archive
SJ Berwin advises British Land on supermarket disposals
European law firm SJ Berwin has said that its real estate division advised British Land on the disposal of two Sainsbury's supermarkets at Swindon and Surbiton in the UK to an undisclosed buyer for a combined total of £56mln (EUR 70mln). SJ Berwin said the supermarkets were acquired by British ...
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PropertyEU Archive
C&W appointed agent for Novosibirsk Hilton centre
Cushman & Wakefield Stiles & Riabokobylko has been appointed the exclusive leasing and marketing agent for office space at the Hilton Hotel & Business Centre in the centre of the Russian city of Novosibirsk. The Novosibirsk project is being spearheaded by international investor and developer London & Regional and also ...
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PropertyEU Archive
Norwegian Property disposes of non-core asset
Norwegian Property has entered into an agreement to dispose of a non-core asset days after the Oslo-based real estate company called off negotiations with a consortium about the sale of the EUR 1.4bn Norgani hotel group.
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PropertyEU Archive
Orco gets green light for upscale Budapest mall
Central European property firm Orco Property Group has received a building permit for the construction of a new shopping centre in the former home of the Budapest Stock Exchange. Located on the central Vorosmarty Square, the Vaci 1 scheme is set to open in the spring of 2010.
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PropertyEU Archive
European developers launch sustainability charter
The European Union of Developers and House Builders (UEPC), an association representing more than 30,000 private sector developers and house builders, said it has launched a sustainability charter. The charter sets out the UEPC's commitment to promote sustainable development and is based on the principle that sustainable development should contribute ...
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PropertyEU Archive
Segro chief sees no prospect of European REIT
National governments in Europe will continue to block the emergence of a pan-European REIT, according to Ian Coull, CEO of UK-based logistics supplier Segro. 'There will be further harmonisation of REIT regimes, but I do not believe a European REIT will be in place in my working lifetime, or in ...
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PropertyEU Archive
Montenegro commits to sustainable development at Velika Plaza
The government of Montenegro has committed itself to supporting sustainable development at the Velika Plaza waterfront community project, Colliers International Southeast Europe said on Friday. The property consultancy noted that Velika Plaza project, which encompasses the longest beach in Montenegro, is currently being tendered by the government.
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PropertyEU Archive
C&W opens hospitality unit in Poland
Cushman & Wakefield has announced Dorota Malinowska will head its new hospitality department which begins operating in Poland this month. Malinowska, a graduate of Warsaw School of Economics, has more than 16 years of professional experience, starting with the Marriott Hotel in Warsaw. She has also worked on hotel projects ...
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PropertyEU Archive
Mirax ties up with Beetham in London's £1b Blackfriars project
Russian developer Mirax has purchased a 50% stake in a mixed-use tower project on London's South Bank from UK peer Beetham Organization for around £60mln. Mirax, which already has a presence in London via projects such as the redevelopment of the 19 century Cornwall Terrace, will join forces with ...
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PropertyEU Archive
AXA REIM completes leasing of Opus 12
French property management group AXA REIM said on Monday that it has completed the letting of its Opus 12 tower following an agreement with AGF which is taking about 8,300 m[sup]2[/sup] of office space. The Canadian investment management group is renting the space at a price of an annual EUR ...
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PropertyEU Archive
PIK acquires plot for EUR 2bn St Petersburg development
PIK Group, the Russian residential proeprty developer listed in London, confirmed on Monday that it has acquired its first development site in St Petersburg. The 63-hectare site will be used to develop business class housing in what PIK has described as a flagship development in the Russian city. The total ...
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PropertyEU Archive
Europa buys first property in Ukraine for $25m
Europa Capital has announced that its Europa Emerging Europe Fund has acquired a 23,850 m[sup]2[/sup] warehouse in the Kiev region for $25mln (EUR 16mln) from Ukrainian developer Aladdin Group. The asset, Logistic Park East I, is located 15 km northeast of the city centre. Europa said it is fully let ...
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PropertyEU Archive
Dubai World tipped to buy Gazeley for £300m
Wal-Mart's industrial property developer Gazeley is being sold to Dubai World, the emirate's sovereign wealth fund, in a transaction worth more than £300mln (EUR 376mln), newspaper the Financial Time reported, The paper, without quoting sources, added that the acquisition, made via Dubai World's logistics development unit Jebel Ali Free Zone ...
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PropertyEU Archive
ING Real Estate launches EUR 800m healthcare fund
ING Real Estate has become the latest property company to venture into the healthcare sector. The company is launching a fund that will enable institutional investors to gain indirect exposure to the sector on a pan-European basis. In recent years a number of listed property groups have invested directly ...
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PropertyEU Archive
AAIM India announces first Special Township investment
AAIM India, a unit of UK real estate group AAIM, has announced its first investment is in a 650,000 m[sup]2[/sup] mixed-use development in the city of Nagpur in Central India. The group said that this is first foreign direct investment in an Integrated Township, established under the Special Township Policy ...
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PropertyEU Archive
Deka acquires Stora Enso HQ in leaseback deal
German property fund manager Deka Immobilien has signed an agreement to acquire the head office of Swedish-Finnish paper manufacturer Stora Enso in Helsinki for EUR 30mln. Stora Enso will rent the 6,500 m[sup]2[/sup] property back from WestInvest InterSelect, one of the Deka Group's funds, for a period of two to ...
