All Real Assets articles in Web Issue – Page 275
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PropertyEU Archive
C&W: Paris and London defy banking sector slowdown
Paris and London both recorded increases in banking sector office take-up in the first quarter of 2008, defying the slowdown in the rest of Europe where take-up fell 6% compared with the last quarter of 2007 as the credit crunch continued to take its toll, according to the latest research ...
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PropertyEU Archive
Eurohypo board gives go-ahead to purchase of Essen Hyp
German bank Eurohypo said on Monday its board has given the green light to the acquisition of Hypothekenbank in Essen (Essen Hyp) from its parent company, Commerzbank, for an undisclosed amount. The bank said the decision represents 'a decisive step towards the merger of Essen Hyp and Eurohypo.' Commerzbank announced ...
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PropertyEU Archive
Savills: Lyon shows buoyant investment market
The office market in the French city of Lyon is set to remain the focus of investor interest, according to a new research report by international property services firm Savills. The investment market in Lyon, located in central-east France, is remarkably dynamic despite the difficult economic climate, Savills said.
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PropertyEU Archive
CBRE to manage Romerpassage in Mainz
Property consultant CB Richard Ellis has been appointed manager of the Romerpassage retail and office complex in Mainz by owned by Credit Suisse, CBRE said in a press release on Monday. The mall comprises around 17,000 m[sup]2[/sup] of retail, office and residential space.
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PropertyEU Archive
Statuto hires CBRE to sell Milan's San Donato site
Gruppo Statuto, the private company owned by Italian entrepreneur Giuseppe Statuto, has appointed CB Richard Ellis to market the sale of its San Donato site in Milan for an initial price of EUR 110mln, newspaper Il Sole 24 Ore reported on Monday.
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PropertyEU Archive
OVG deliver Gouda office to Centric IT Solutions
Dutch developer OVG Projectontwikkeling said on Monday it has delivered a new head office in Gouda, the Netherlands to the IT company Centric. The property, which was constructed in less than 18 months, ranks among the Netherlands' ten most sustainable buildings, having reached a score of 203 in the Greencalc ...
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PropertyEU Archive
Commerz Real shops in France
German investor Commerz Real has acquired the Cap Sud office property in Montrouge, southwest of Paris, from German property company IVG Immobilien for EUR 80mln. This new seven-storey building is earmarked for Commerz Real's hausInvest europa fund. Completed in March 2008, it has a gross lettable area of 12,454 m2, ...
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PropertyEU Archive
Transimmeubles to redevelop Crédit Coopératif HQ in Nanterre
French developer Transimmeubles said on Monday that it has won a public tender to redevelop the headquarters of French bank Crédit Coopératif in Nanterre, France.
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PropertyEU Archive
Hilton to open new hotel in Gdansk
International hotel group Hilton has reached a franchising agreement with Jan Wojcikiewicz Hotele to open a new Hilton property in Gdansk, Poland. Colliers represented the franchisee in this transaction.
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PropertyEU Archive
Züblin sells two properties in Switzerland
Swiss property company Züblin Immobilien said on Monday that it has sold a logistics centre in Zürich's business district Oerlikon as well as an office property in Pully. The two assets were sold to different buyers and together generated net proceeds after taxes and transaction costs of CHF 52mln (EUR ...
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PropertyEU Archive
Sponda purchase Moscow office property for $185m
Finnish real estate investor Sponda has purchased the Ducat II office property located in the centre of Moscow for $185 mln (EUR 118 mln) from LR Ducat Holding. In a statement, the company said it aims to achieve a net yield of more than 9 % on the asset. The ...
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PropertyEU Archive
C&W: Moscow ranks 2nd in European office take-up by law firms
European office take-up by law firms was a total of 164,000 m[sup]2[/sup] over the six months to March 2008, according to the latest EMEA Legal Business Briefing of global real estate consultant C&W. This figure is up 3% up on the previous half year, and compares favourably with the 7% ...
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PropertyEU Archive
DTZ, CBRE seal one of Scotland's largest lettings so far in 2008
Real estate services firms DTZ and CBRE have joined forces to broker one of the largest industrial lettings so far this year in Scotland. The two real estate advisors said that logistics company Kuehne + Nagel is leasing the 50,000 sq ft (4,650 m2) Vista Point warehouse at Hamilton International ...
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PropertyEU Archive
Cordea Savills acquires first asset for European Fund
International property fund manager Cordea Savills said on Tuesday that it has completed the first acquisition for its European Commercial Fund. The fund, which invests in commercial assets across the major economies of Western Europe, has purchased a retail warehouse in Vaxjo, Sweden, for EUR 30 mln. The 22,894 m[sup]2[/sup] ...
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PropertyEU Archive
Corio acquires new shopping centre project in Turkey
Dutch property group Corio has acquired Iskenderun, a 55,000 m[sup]2[/sup] shopping centre project located in the Southern Turkish city of Iskenderun-Hatay. The shopping mall, which is being developed by construction firms Yayla Group and Kalyoncu, was bought for EUR 116mln, reflecting a net initial yield of 8%. In a statement, ...
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PropertyEU Archive
'Real estate to benefit from asset allocation shifts'
Investment allocation to real estate has emerged as a distinct trend and confirmed its place as a main asset class in many European markets, according to the European Institutional Asset Management (EIAMS) 2008 survey. EIAMS, which has tracked the development of alternatives since 2002, also found that Exchange traded funds ...
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PropertyEU Archive
Inrev: Funds of funds gain appeal in non-listed sector
The non-listed real estate funds of funds sector is growing strongly and appealing to a broad range of investors, according to the results of a new survey released by the industry body Inrev. Large institutional investors are using the vehicles to gain access to emerging markets and 'best-in-class' managers while ...
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PropertyEU Archive
Dolphin appoints Kempinski to manage Greek golf resort
AIM-listed Dolphin Capital Investors (DCI) has appointed Kempinski Hotels, Europe's oldest luxury hotel group, to manage the Lavender Bay Golf Resort near Volos. The new project, which is scheduled to open in 2011, is expected to be among the first integrated leisure resorts of this kind to be launched in ...
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PropertyEU Archive
Savills: crunch spreads to Europe and Asia
International property services company, Savills, said the effect of the credit squeeze on property was spreading across Europe and even into Asia, in its trading update for the half year ended 30 June 2008 published on Tuesday. The update showed business in the UK and US Commercial Capital Markets was ...
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PropertyEU Archive
LAP launches new retail JV with Bank of Scotland
Listed retail property investor London & Associated Properties (LAP) announced on Tuesday that it has signed a new £74mln joint venture with the Bank of Scotland Corporate to acquire quality shopping investments across the UK where the initial yield is set to be above the cost of capital.
