All Real Assets articles in Web Issue – Page 264
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PropertyEU Archive
EIRE: Opportunities and risks in southern Italian mall investments
'Colossal opportunities exist for the development of shopping centres in southern Italy,' according to Pietro Malaspina, CEO of Sierra Development Italy. Malaspina was speaking at a conference held last Thursday at the fourth annual edition of Expo Italia Real Estate, the trade fair focused on real estate in Italy ...
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PropertyEU Archive
Emerging markets guru to speak at first MIPIM Horizons
Emerging markets investor Mark Mobius is to give a keynote address at the inaugural MIPIM Horizons conference being held in Cannes in December. Mobius, executive chairman of Templeton Asset Management, will talk on the topic 'emerging markets growth' on 3 December. In total, MIPIM Horizons will feature over 150 conferences ...
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PropertyEU Archive
UK property returns still falling - IPD
The IPD's UK Monthly Property Index saw a total return of -0.7% month-on-month in May 2008, slightly lower than the -0.5% return in April, but still continuing the broadly upward trend since the -3.7% return in December 2007.
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PropertyEU Archive
Intesa Sanpaolo postpones Immit IPO
Italian bank Intesa Sanpaolo has postponed the Initial Public Offering of its real estate investment trust Immit due to the turbulence in the financial markets. Immit had hoped to raise up to EUR 1bn from the IPO on Milan's Stock Exchange, but last week announced an extension to the offering ...
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PropertyEU Archive
Great Portland sells Regent Street block for EUR 122m
Great Portland Estate (GPE) announced on Tuesday that The Great Victoria Partnership (No 2), a joint venture with Liverpool Victoria Friendly Society, has agreed to sell the 5,600 m[sup]2[/sup] retail block at 208-222 Regent Street in London to an unnamed private purchaser for £96.6mln (EUR 122.5mln). GPE said the ...
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PropertyEU Archive
Milan hotel and office sector to get boost from Expo 2015
Milan’s chamber of commerce expects more than 200 new hotels, with more than 24,000 rooms between them, will be built to house visitors to the Universal Exposition in 2015.
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PropertyEU Archive
MGPA raises EUR 3.4 bn for Europe and Asia fund
Private equity fund manager MGPA said on Monday that it had secured commitments totalling $5.2 bn (EUR 3.4bn) at the close of its MGPA Fund III. MGPA Fund III consists of two regionally based private equity real estate funds, MGPA Europe Fund III and MGPA Asia Fund III, with mandates ...
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PropertyEU Archive
Klepierre secures new loan of EUR 750m
Klepierre, the French shopping centre and office property group, has raised bank financing of EUR 700mln which will primarily be used to repay a EUR 600 bond with 6.125% coupon interest that matures on 10 July.
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PropertyEU Archive
Carlyle EUR 9bn fund aims at distressed property in Europe
Private equity firm Carlyle Group has confirmed that its EUR 9bn European real estate fund, Carlyle Europe Real Estate Partners III (CEREP III), is looking at buying distressed property in countries most affected by the credit crunch, notably the UK, Ireland and Spain.
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PropertyEU Archive
'Economic argument for sustainability stronger than ever'
Occupiers, not investors or brokers, are driving moves towards a sustainable real estate industry, according to Bernd Knobloch, CEO of German bank EuroHypo. 'Investors will do what occupiers are doing,' he said during the inaugural Sustainable Cities conference organised by the Financial Times and the Urban Land Institute in London ...
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PropertyEU Archive
US dominates inaugural FT/ULI Sustainable Cities Awards
No less than eight of the nine winners of the inaugural FT/ULI Sustainable Cities Awards held on Monday in London are American. The nine winners were selected from a group of 20 finalists. In total there were 86 entrants from 15 countries.
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PropertyEU Archive
Islamic bank launches second UK real estate fund
Gulf Finance House (GFH), the Bahrain-based Islamic investment bank, has announced the launch of a second Shariah-compliant fund to take advantage of the 'rare, cyclical buying opportunity' in the UK commercial property market.
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PropertyEU Archive
Riofisa signs up Colliers in Bulgaria
Spanish developer Riofisa has hired Colliers International in Bulgaria as exclusive leasing agent for two of the largest retail centres in the country. Colliers will represent Riofisa for the Civis Center Sofia (total leasable area of 85,000 m2) and Civis Center Plovdiv (total leasable area of 55,000 m2).
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PropertyEU Archive
Hochtief sells Frankfurt development to Danish investor
German developer Hochtief has sold the urban development project in Kelkheim near Frankfurt to Victoria Properties of Copenhagen for around EUR 47mln. Some 90% of the 17,500 m[sup]2[/sup] total space has already been let and lease contracts for the remaining area are currently at the final negotiation stage, the companies ...
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PropertyEU Archive
Demand for out-of-town retail space in Spain persists: Savills
Spain is set to see a sustained level of demand for out-of-town retail space due to the expanding retail warehousing concept, according to a report by property consultant Savills.
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PropertyEU Archive
Dubai's Limitless expands to Turkey
Limitless, the international development arm of Dubai World, announced on Monday that it has expanded its activities to Turkey due to the rising demand there for homes, hotels and retail space. Limitless has design, sales and administrative personnel in a new office in the Esentepe district of Istanbul.
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PropertyEU Archive
Deka strikes again in London with EUR 100m buy
Deka Immobilien, the property arm of Germany's Deka Bank, has acquired the Old Jewry office and retail building in London's financial district for around £80mln (EUR 101.4mln). The nine-storey building was developed by Standard Life Investments and delivered in February. It will be integrated into Deka's European fund Deka-ImmobilienEuropa.
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PropertyEU Archive
Sponda issues EUR 130m hybrid bond
Finnish listed property group Sponda has issued a EUR 130m hybrid bond to Finnish institutional investors to improve the company's equity ratio. Sponda said earlier that the long-term target was an equity ratio of 33% and that it would strengthen its solidity during 2008.
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PropertyEU Archive
Italease receives 15 offers for EUR 500m portfolio
Shares in Banca Italease, Italy's leasing services and financial bank, rose as much as 4.54% to EUR 6.9 per share in early trading on Tuesday on speculation that the company received more than 15 offers for the real estate portfolio it is putting up for sale. According to market rumours, ...
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PropertyEU Archive
Afirma shares rise by 30% on hopes of debt refinancing
Shares in Afirma, the Spanish property company formerly known as Astroc, soared by as much as 30% to EUR 1.73 on Tuesday on hopes the company would successfully refinance EUR 667mln worth of debt this month. The rise compounds share price gains of over 50% by Afirma on Monday. In ...
