All Real Assets articles in Web Issue – Page 294
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PropertyEU Archive
Wolfhard Leichnitz to resign as CEO of IVG
German listed property company IVG has announced CEO Wolfhard Leichnitz is to leave the company at the end of September for personal reasons. Leichnitz's functions will be performed by other board members until the appointment of a successor.
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PropertyEU Archive
IPD Index shows UK property return still declining
The Investment Property Databank (IPD) has said that there is no end in sight to declining values in the UK commercial property sector. The IPD's UK Monthly Property Index for August showed a slight improvement with total returns falling -1.1% in August compared with -1.3 in July. Declines in ...
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PropertyEU Archive
Russia's RTMC says portfolio grew 24% in H1 2008
OJSC RTM, a Moscow-based real estate developer focused on retal properties, has said that the market value of its portfolio came to $983.4 mln at end-June 2008 7, 24% higher than the previous appraisal at the end of December last year.
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PropertyEU Archive
Union Investment buys logistics park for EUR 21m
German property company Union Investment has acquired the Ten Brinke logistics park in the German city of Bremerhaven for around EUR 21 mln. The property is earmarked for Union Investment's institutional real estate funds Immo-Invest: Europa fund. The asset was acquired from Ten Brinke Logistics. It covers an area of ...
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PropertyEU Archive
King Sturge seals two student housing deals worth EUR 240m
As the new academic year begins across Europe, property adviser King Sturge has said it was involved in two student housing deals with a combined value total of EUR 240 mln. In the first transaction, King Sturge acted for fund manager Liberty Living in the EUR 190 mln acquisition of ...
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PropertyEU Archive
Dev Secs extends loan deadline for 3rd time
Development Securities, the UK development and investment company, announced on Tuesday that it has agreed to extend the due date on the £52 mln (EUR 65) of loan notes outstanding from the sale of Oriental City in London to 28 November 2008. 'It is probable that, as part of these ...
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PropertyEU Archive
SEB fund acquires Cadbury logistics asset for EUR 36m
SEB Asset Management said on Tuesday it is continuing its investment activities in the UK with the acquisition of the Cadbury Schweppes logistics building in Milton Keynes for £28.5mln (EUR 36 mln) . The property is earmarked for its open-ended real estate fund SEB ImmoPortfolio Target Return. The logistics property ...
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PropertyEU Archive
Big Yellow REIT completes EUR 407m refinancing
The board of UK self storage company Big Yellow confirmed on Tuesday that it has completed the £325 mln (EUR 407 mln) financing of its portfolio. The real estate investment trust, or REIT, announced at the start of the month that it has arranged the loan with Germany's HSH ...
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PropertyEU Archive
APF
An article in PropertyEU's newsletter on 16 September should have referred to Dutch fund manager APF International putting its eighth real estate fund APF VIII - rather than eight funds - on the market.
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PropertyEU Archive
Prologis strengthens Italian team with new appointment
Prologis has boosted its Italian team with the hiring of Daniele Sotti, who will immediately start work as leasing officer with responsibility for the leasing of the Global distribution facilities group's existing facilities in the country. Sotti previously worked for Tecnologisitica France, TNT and DHL, where he held the post ...
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PropertyEU Archive
Atrium names development officer for new management team
Atrium European Real Estate, the Vienna-listed shopping centre property company formerly known as Meinl European Land, has appointed Dominique Beghin as chief development officer. This follows the hiring of Nils-Christian Hakert as chief operating officer earlier this month.
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PropertyEU Archive
Nanette says 'no effect' from Lehman bankruptcy
London-listed residential property company Nanette issued a statement on Tuesday to 'correct any misconceptions' about the filing for Chapter 11 bankruptcy by Lehman Brothers. Nanette, registered in the Netherlands and active as a developer in Central and Eastern Europe, said it works in partnership with Lehman Brothers Real Estate Partners. ...
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PropertyEU Archive
BNP Paribas to launch new SCPI fund
French real estate asset manager BNP Paribas REIM said on Tuesday that it has received approval from the French securities market regulator AMF for the launch of a new SCPI vehicle which will invest in corporate and office real estate in the country. Primopierre, which will be marketed from next ...
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PropertyEU Archive
Redevco signs lease with H&M in Brugg, buys retail park
Dutch retail specialist Redevco has signed a lease agreement with H&M for a retail unit in Brugg, Switzerland. The unit, part of a former UBS branch acquired in January 2008, is located in the main shopping street and opposite the train station. Refurbishment work started at the beginning of June, ...
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PropertyEU Archive
Harbert JV to develop retail warehouse in Malaga
Alabama-based alternative asset manager Harbert Management Corporation (HMC) has announced that its European Real Estate Fund II has entered into a joint venture with Doric Malaga to develop a 17,000m[sup]2[/sup] retail warehouse in the Spanish city of Malaga. airport. The project, which is scheduled to open in late 2009, is ...
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PropertyEU Archive
Trigranit starts development of Emonika project
Hungarian developer Trigranit said that it has started construction of the City Center Emonika mixed-use project in Slovenia. The scheme will include new railway and bus stations, a passenger hall, business and residential towers, a hotel and congress center, new parking spaces and a 60,000 m[sup]2[/sup] shopping-entertainment center. The company ...
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PropertyEU Archive
ULI launches public-private partnership network
The Urban Land Institute (ULI) has launched a new initiative with both private and public sector bodies to expand the rate of investment in European cities through public-private partnerships. Announcing the formation of the Urban Investment Network (UIN), ULI, a non-profit education and research organisation dealing with land use, said ...
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PropertyEU Archive
Great Portland sells property to Commerz Real for EUR 100m
London-based property investor and developer Great Portland Estates (GPE) said on Wednesday that The Great Wigmore Partnership, its 50:50 joint venture with Scottish Widows, has sold 180 Great Portland Street, W1 to German investor Commerz Real for £79.5 mln (EUR 100 mln), around 4% below the June 2008 valuation. Commerz ...
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PropertyEU Archive
Affine purchases retail project in Nevers
French property group Affine has acquired a mixed-use development in the city of Nevers, near Paris from Eiffage Immobilier for an undisclosed amount. The Espace Colbert scheme will consist of two retail galleries with 4,800 m[sup]2[/sup] of space, office accommodation and parking spaces just outside Paris. Located on the site ...
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PropertyEU Archive
AMB buys at Amsterdam's Schiphol Airport
AMB Property Corporation, the global developer and owner of industrial real estate, announced it is to acquire 10 hectares of land for a second phase of development at AMB Fokker Logistics Park, next to Amsterdam Airport Schiphol. At full build out, the land would support up to 76,300 m[sup]2[/sup] of ...
