All Real Assets articles in Web Issue – Page 265
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PropertyEU Archive
JLL buys US tenant rep for EUR 464m
Global property adviser Jones Lang LaSalle (JLL) is set to expand its business significantly with the acquisition of Dallas-based peer The Staubach Company in a deal worth $727mln (EUR 464mln). The Staubach Company was founded by former Dallas Cowboys football star Roger Staubach in 1977 and now employs 1,600 staff ...
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PropertyEU Archive
Europa Capital raises EUR 750m for investment programme
Europa Capital announced on Tuesday that it has received EUR 750mln of equity capital commitments for two new investment funds. The injection will give London-based Europa Capital in excess of EUR 2.5bn in spending power for its European property investment programme.
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PropertyEU Archive
Colliers appointed leasing agent to Mall of Montenegro
Developmer Gintasmont has appointed Colliers as the exclusive leasing agent for the Mall of Montenegro project in the Montenegrin capital Podgorica. Gintasmont is a sister company of Gintas Group from Turkey.
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PropertyEU Archive
WP Carey to open Amsterdam office
International financing and investment firm WP Carey announced plans on Tuesday to open a second European office in Amsterdam to establish a European base for the management of its growing European property portfolio. The existing London-based team will continue to focus on the investment side of the firm's European business. ...
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PropertyEU Archive
Tishman Speyer sells Dusseldorf asset to VastNed
Property developer and investor Tishman Speyer has sold a 7,400 m[sup]2[/sup] office building in Dusseldorf to Dutch real estate fund VastNed for an undisclosed amount. The building, located in the Kennedydamm business district between the city centre and the airport, is fully let to insurer Victoria Versicherungen.
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PropertyEU Archive
JLL: German investors biggest foreign players in UK
German investors were the biggest foreign players in the UK in the first five months of 2008, accounting for EUR 878mln or 19% of the EUR 4.5bn total transaction volume in the country, according to new research by property consultant Jones Lang LaSalle. Among the biggest investors were Pramerica, Deka, ...
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PropertyEU Archive
Zublin Development to build 'dancing towers' in Hamburg
Zublin Development, a subsidiary of Austrian builder Strabag, is to build two office towers and a building housing a hotel in Hamburg's St Pauli district. The 40,000 m[sup]2[/sup] project was acquired from a joint venture formed by Pirelli Real Estate and Morgan Stanley Real Estate. It will have an investment ...
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PropertyEU Archive
Citigroup: more consolidation expected in French market
France's SIIC 4 legislation introducing a requirement for shareholders to own a maximum of 60% in SIICs from January 2009 is expected to trigger merger and acqusition activity in the country and pave the way for further consolidation in the French real estate sector, according to a new research report ...
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PropertyEU Archive
Hochtief wins FM contract for Mercedes-Benz plant
Hochtief Facility Management has won a contract to provide technical facility management for a Mercedes-Banz plant in Bremen, northern Germany. The value of the contract was not disclosed.
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PropertyEU Archive
RICS France president to head C&W valuation team
Philippe Guillem, president of RICS France, has joined Cushman & Wakefield as partner and managing director of its valuation team in France. He will work closely with senior adviser Paul Waroquiers. Guillem, 50, was head of CBRE Valuation International before becoming president of RICS France in 2006.
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PropertyEU Archive
Jelmoli says spin-off plan progressing well
Swiss retailer Jelmoli said on Tuesday it has made 'significant progress' in implementing a strategic plan that will result in the group being split into separate listed real estate and investment firms. The strategic plan was drawn up following the collapse late last year of a EUR 2bn sale-and-leaseback of ...
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PropertyEU Archive
Goodman develops 30,000 m[sup]2[/sup] facility in Lyon
Australian property giant Goodman is to develop a 30,000 m[sup]2[/sup] logistics centre in the greater Lyon area for leading logistics service provider NYK Logistics. This is the third warehouse Goodman will develop for NYK Logistics in Europe, adding to a 23,600 m[sup]2[/sup] warehouse in Poland and a 19,000 m[sup]2[/sup] facility ...
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PropertyEU Archive
Electro-Stocks lets 1,000 m[sup]2[/sup] of office space in Barcelona
Spanish industrial machinery and equipment company Electro-Stocks has agreed to lease about 1,000 m[sup]2[/sup] of space in the ATO building in Barcelona's Zona Franca district.
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PropertyEU Archive
DTZ: European markets see sharp declines in Q1
Total investment volumes across Europe were down 18% at EUR 38bn in the first quarter of 2008 compared with the previous quarter, property consultant DTZ said in its Q1 2008 European Quarterly published on Tuesday. The French and German markets were particularly hard hit by the downturn in the wake ...
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PropertyEU Archive
Tecla fund sells three assets for EUR 21m
Tecla Fondo Uffici, a Milan-listed investment fund managed by Pirelli Real Estate, has sold three buildings in Milan (two assets) and Rome for a total EUR 21mln. In a statement, Pirelli RE said the assets have been sold to an Italian institutional investor for a net yield of 6.5%.
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PropertyEU Archive
Banimmo acquires North Plaza for EUR 32m
Belgian redevelopment company Banimmo said on Wednesday that it has purchased the North Plaza building in Brussels from KBC Bank for EUR 32mln. Banimmo launched an initial EUR 29.2mln takeover bid for North Plaza in December 2007. The company was vying with GE Real Estate for the asset. The acquisition ...
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PropertyEU Archive
Syntrus Achmea buys logistics centre in Venray
Syntrus Achmea Vastgoed has acquired a logistics centre in the southeastern Dutch town of Venray from a private investor for an alleged sum of EUR 22mln. The property will be added to the company's Achmea Dutch Industrial Property Fund.
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PropertyEU Archive
ING RE appoints country managers for Hungary, Czech Republic
ING Real Estate has appointed Pal Baross and Bohumil Mach as country managers for Hungary and the Czech Republic respectively.
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PropertyEU Archive
Redevco COO elected to ICSC board of trustees
The International Council of Shopping Centers (ICSC) has appointed Jaap Gillis, chief operating officer of Dutch property company Redevco and chair of the ICSC European Board to its board of trustees. Gillis has led ICSC's focus on sustainability, chairing the Sustainability Working Group which is developing the BREEAM method for ...
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PropertyEU Archive
Investors urged to build responsible portfolios
A UN body has called on institutional investors to engage with property fund managers to embed the UN-backed Principles for Responsible Investment (PRI) in their decision-making amid concern that the property industry is moving far too slowly to address its environmental footprint.
