All Real Assets articles in Web Issue – Page 290
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PropertyEU Archive
Epra 2008: FTSE EPRA/NAREIT expands into emerging markets
Investors in the listed property stocks will soon have a benchmark index to enable them to track the performance of the world's emerging markets for the first time. The European Public Real Estate Association (Epra) announced at its annual conference in Stockholm on Thursday that the FTSE EPRA/NAREIT Global Real ...
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PropertyEU Archive
Allianz invests in New York tower
Allianz Real Estate has acquired a 25% stake in the 1301 Avenue of the Americas office building in New York City. The investment volume amounts to $110mln (EUR76 mln). Allianz acquired the stake in this 45-storey building through a partnership with Paramount Group, New York's leading international real estate investment ...
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PropertyEU Archive
CapMan to develop new OneMed HQ in Helsinki
CapMan Real Estate I fund said on Thursday it is to develop the new headquarters of Finland's leading provider of healthcare and laboratory products OneMed. The firm has leased from the City of Helsinki an undeveloped site located in the Haaga district of Helsinki and applied for building permission on ...
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PropertyEU Archive
'Economic downturn impacts on occupiers' green views'
Rental cost has proved the key factor in the decision to acquire new office space in Central London, with energy efficiency and green issues cited as the least important factor, according to Knight Frank's Central London Occupier survey which questioned more than 100 directors responsible for real estate at some ...
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PropertyEU Archive
UBS shops in Frankfurt
UBS Real Estate has acquired an office building situated in the western part of Frankfurt for around EUR52 mln. The property is earmarked for the BS (D) Euroinvest Immobilien open-ended fund. The seven-storey building was acquired from the German company G. Dreyer Planungsgesellschaft. Developed in 2003, the asset provides a ...
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PropertyEU Archive
Hahn Group raises EUR 125m for German Retail Fund
Hahn Group said its German Retail Fund has raised equity of EUR 125 mln from institutional investors at first closing. The fund has a target investment volume of EUR 750 mln or EUR 300mln in equity. The Hahn Group together with private bank Sal. Oppenheim has marketed the fund throughout ...
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PropertyEU Archive
EPRA 2008: Technology to radically alter property industry, says futurist
The market for logistics space and offices will be radically altered by technological advances, according to the futurist guru Wolfgang Grulke. During a presentation on the second day of the EPRA conference in Stockholm, Grulke said companies can no longer afford to base their strategies on what has happened in ...
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PropertyEU Archive
Rockspring acquires £48m of property in the UK
Rockspring Property Investment Managers said on Friday that it has completed four acquisitions on behalf of its Retail Plus Property Trust and Trans-European IV funds for a total of £48.5mln.
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PropertyEU Archive
Hypo RE sells asset management unit to Sal. Oppenheim
Hypo Real Estate Group has sold its asset management subsidiary Collineo Asset Management to family-owned bank group Sal. Oppenheim. The transaction is still subject to several closing conditions including regulatory approvals. Hypo expects the deal to be completed by the end of the year or early first quarter 2009. The ...
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PropertyEU Archive
IMW Immobilien sells five assets in Hamburg and Hanover
Two subsidiaries of Berlin-based property company IMW Immobilien have sold five properties located in Hamburg and Hanover to Pat Roffice Real Estate. The properties comprise 27 commercial units and 26 residential units with more than 12,000 m[sup]2[/sup] of space, of which about 9,230 m[sup]2[/sup] are office space. The transaction value ...
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PropertyEU Archive
Dresdner takeover could spell bad news for Frankfurt's office market
Commerzbank's acquisition earlier this month of rival Dresdner Bank from insurer Allianz for EUR 9.8 bn will not only shake up Germany's financial landscape but could also cast a shadow over Frankfurt's office market.
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PropertyEU Archive
JER Partners expands CEE business with new team in Prague
US private equity firm JER Partners is expanding its European operations with the launch of a new office in Prague. In a statement, the company said it has poached three directors from GE Real Estate who will focus on investment activities in Central and Eastern Europe.
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PropertyEU Archive
US places troubled Fannie and Freddie in care
The US government is taking control of the mortgage giants Fannie Mae and Freddie Mac and the $5.5 trl of home loans they control. Washington's dramatic rescue package includes the injection of $200 bn of public money into Fannie Mae and Freddie Mac - the linchpins of the US home ...
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PropertyEU Archive
Seb fund invests in Dusseldorf
SEB Asset Management has completed the acquisition of an office property in Dusseldorf-Rath for its SEB ImmoPortfolio Target Return fund. In a statement, the company said that the purchase agreement for the building in the Theodorpark area was signed in January 2008. The total investment amounts to close to EUR ...
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PropertyEU Archive
JLL: Investors switches focus to retail parks
Investors in continental Europe are targeting small to medium-sized retail parks as a defensive play in the currently challenging retail environment, according to the new European Retail Warehousing research report released by Jones Lang LaSalle.
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PropertyEU Archive
Michael Montebaur to leave Union Investment
German property company Union Investment Real Estate said on Friday that Michael Montebaur, member of the management board, is leaving the company with effect from 31 January 2009 to set up his own business. Montebaur's responsibilities as a board member of the Hamburg-based property fund manager include real estate activities ...
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PropertyEU Archive
ING RE's Eurosiris fund of funds raises EUR 750m
Global multi-manager ING Real Estate Select said on Monday that its European fund of funds, Eurosiris, has raised EUR 750 mln from investors since launch in 2006. Eurosiris is ING Real Estate's first continental European property fund of funds and was designed to provide investors with balanced exposure to the ...
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PropertyEU Archive
SHB acquires German retail portfolio for EUR 80m
SHB Gruppe, a property company based near Munich, has acquired a portfolio of 18 retail assets in the German states of Bavaria and Baden-Wurttemberg for EUR 80 mln. SHB said the portfolio, comprises 44,000 m[sup]2[/sup] of gross lettable area, was sold by a well-known development company. Some of the properties ...
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PropertyEU Archive
GE RE appoints president of new international unit
GE Real Estate announced on Monday that Mark Hutchinson has been promoted to president of GE Real Estate International, a new unit covering operations in Europe and Asia.
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PropertyEU Archive
Degi appoints C&W to manage Polish business park
Degi, part of the Aberdeen Property Investors Group, has appointed Cushman & Wakefield as the property manager of its Marynarska Business Park in Poland. The complex with 43,700 m[sup]2[/sup] is located in the district of Mokotow in Warsaw.
