All Real Assets articles in Web Issue – Page 269
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PropertyEU Archive
Nanette finds partner for Budapest development
London-listed residential property developer Nanette said it has sold 50% of its stake in the special purpose vehicle Taltoring that acquired a 151,000 m[sup]2[/sup] plot of land in Budapest last April. The land is currently designated for military use but Taltoring is working to have the zoning changed to allow ...
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PropertyEU Archive
TK Development takes full control of CEE operations
Danish property company TK Development has taken full control of its activities in Central and Eastern Europe by acquiring the 10% it did not already own in Euro Mall Holdings. TK Development paid DKK 96mln (EUR 13mln) to the Investment Fund for Central and Eastern Europe for the stake in ...
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PropertyEU Archive
Curzon/AEW Golf Day goes virtual
Real estate investment manager Curzon/AEW Europe has announced that it is transforming this year's installment of its annual Golf Day into an online auction.
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PropertyEU Archive
Skanska to develop Malmo police station
Swedish construction and real estate group Skanska is to develop and build a new 16,000 m[sup]2[/sup] police station in Toftanas in northeastern Malmo, Sweden. Skanska's investment in the project amounts to about SEK 300mln (EUR 32mln).
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PropertyEU Archive
Gazeley expands into Eastern Europe
Logistics space provider Gazeley, which was recently acquired by Dubai World, has appointed Tomasz Oczkowski as country manager for Poland and plans to open a new office in Warsaw at the beginning of July in a move to strengthen its position in the fast-growing Central and Eastern European market.
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PropertyEU Archive
Fimit fund sells 14 assets for EUR 152m
Fondo Beta Immobiliare, an Italian listed investment fund managed by Unicredit's fund management unit Fimit, said on Wednesday that it has sold 14 properties to Fabrica Immobiliare for EUR 152mln. Jones Lang LaSalle advised the seller on this transaction.
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PropertyEU Archive
Credit crunch will continue into 2009 - DTZ
DTZ believes that in the best case scenario the first phase of the subprime crisis - a serious liquidity squeeze on the banking sector - may be over. But the property adviser cautions that what it describes as the credit crunch proper - a marked tightening in the pricing and ...
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PropertyEU Archive
Morley sells 50% of Crown Point Shopping Park for EUR 86m
Aviva's UK-based asset management business Morley has sold 50% of the Crown Point shopping park to The Crown Estate for almost £68mln (EUR 86mln). Crown Point is a 27,000 m[sup]2[/sup] shopping park, situated on the edge of Leeds City Centre. The acquisition also includes an adjoining industrial property with development ...
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PropertyEU Archive
JLL's trasparency index increases in 50% of rated countries
The levels of transparency in real estate sectors of emerging markets have significantly improved, according to the latest Global Real Estate Transparency Index from Jones Lang LaSalle. The survey revealed that in 2008, eight countries moved up a full transparency tier since the last index in 2006. Dubai, Romania, Ukraine ...
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PropertyEU Archive
Nexity REIM, Lexin Capital invest EUR 60m in office project
A joint venture of Nexity-Reim and Lexin Capital has invested EUR 60mln in the acquisition of an office project in Alfortville in the southeastern suburbs of Paris. The project, which was acquired from Nexity-Entreprises, will provide 18,000 m[sup]2[/sup] of office space on delivery in March 2010.
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PropertyEU Archive
Zublin acquires office property in Zurich
Zublin Immo, a subsidiary of listed Swiss property group Zublin Immobilien, has acquired a 6,000 m[sup]2[/sup] office property in the Seefeld area in Zurich in order to renovate and re-let it. The seller was marketing company PubliGroupe which has relocated to another premises.
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PropertyEU Archive
Neinver acquires retail centre in Italy
Spanish property company Neinver has acquired the Castel Guelfo Outlet City in the northern Italian city of Bologna for its Irus European Retail Property Fund, an investment vehicle targeting retail outlets across Europe. Castel Guelfo, which was developed by ING Development, comprises 13,000 m[sup]2[/sup] of retail area with more than ...
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PropertyEU Archive
C&W appointed to market Elblag mall in Poland
Global real estate consultant Cushman & Wakefield has been appointed as the exclusive leasing agent by Irish company Spirit International Poland for a new shopping centre in the Polish city of Elblag. The EUR 90mln shopping centre is designed by international architects Douglas Wallace. Construction will start by early 2009, ...
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PropertyEU Archive
TAG buys and sells German assets
Listed German real estate group TAG said the volume of its portfolio is expected to grow by EUR 840mln after one of its companies acquired a portfolio of 1,250 high-yielding residential properties and a plot of land for a apartment building project in Hamburg. Construction work is scheduled to ...
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PropertyEU Archive
Prologis develops first facility in Austria
Prologis, the Denver-based distribution space giant, announced on Wednesday that it has started work on its first project in Austria, Prologis Park Himberg located just outside Vienna. Construction of the first of two planned distribution centres in the park has begun and Prologis expects to complete the 32,700 m[sup]2[/sup] facility ...
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PropertyEU Archive
BAM unveils carbon footprint model
Royal BAM Group has unveiled a new calculation model to help construction companies to measure their CO2 emissions. The Dutch construction giant said the model also takes account of the emissions generated by construction partners and suppliers, and provides insights into the emissions of building products at the point they ...
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PropertyEU Archive
Conwert sets up development unit
Vienna-listed property firm Conwert Immobilien Invest has said it plans to acquire other companies to expand its development business. On Wednesday, Conwert announced the establishment of a new holding company, Conwert Bautrager-Development, to manage all its development and construction management operations in Austria and Central and Eastern Europe. The development ...
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PropertyEU Archive
Rivero cuts stake in Gecina on French court ruling
Joaquin Rivero, the majority shareholder in Gecina, said late on Tuesday that it has sold one million shares in the French company after a Paris court rejected his appeal against a ruling that he acted in concert with another Spanish shareholder to build up control of the company. The court ...
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PropertyEU Archive
Multi, Meinl's new mall in Turkey opens its doors
Forum Trabzon, a joint venture project between Multi Turkmall and Meinl European Land, opened its doors this week in the Turkish city of Trabzon. The opening ceremony for the 49,000 m[sup]2[/sup] centre - the largest retail development project in the Black Sea region - was attended by the Turkish prime ...
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PropertyEU Archive
Decline in Spanish home sales slows to 7.1% in April
Spanish house sales fell by 7.1% in April to 55,802 units compared with the previous year, according to government figures released on Wednesday by the National Statistics Institute (INE). The drop follows a decline of almost 40% in March, 24% in February and 27% in January.
