All Real Assets articles in Web Issue – Page 3
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PropertyEU Archive
Redevco sells Pall Mall property for EUR 74 mln
MUNICH - Redevco UK has sold a property on the famous London West End street Pall Mall to Legal & General Assurance for EUR 74 mln. The building, comprising of 3,200 m[sup]2[/sup] of lettable space, has undergone a 'significant refurbishment' which was completed in April this year. All but one ...
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PropertyEU Archive
German retailers moving back into city centres
MUNICH - German retailers are increasingly heading for city centres, real estate experts said Tuesday at the Expo Real commercial property trade fair in Munich.
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PropertyEU Archive
Corio and Barletta end shopping centre row
MUNICH - Corio, the Dutch-based listed property company, has reached a final settlement with Italian developer Grupo Barletta to end a long-running row about a shopping centre development project about 20 kilometres from Naples. Corio said it expected the Campania shopping centre in Marcianise will open in March 2007 now ...
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PropertyEU Archive
Japanese seen entering German market next
MUNICH - The Japanese will soon enter the German property market in the wake of the current wave of American and British investors, according to Robert Aisner, president and chief operating officer of Texas-based Behringer Harvard Real Estate Investments. 'I believe the next wave coming in to Germany will be ...
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PropertyEU Archive
Housing excluded from G-REIT legislation
MUNICH - Housing is to be removed from Germany's draft legislation for real estate investment trusts (REITs), German junior finance minister Axel Nawrath announced on Monday. In removing residential REITs from the draft legislation, the finance minister Peer Steinbrueck is bowing to massive resistance within his Social Democrats (SPD) party. ...
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PropertyEU Archive
Securitised loan market set to explode
MUNICH - The market for securitised real estate loans is set to explode to $ 1 trillion within the next ten years, according to Robert Grassinger, board member of Hypo Real Estate Bank International. The increase will be fuelled largely by the growing popularity of this type of financial instrument ...
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PropertyEU Archive
North Rhine-Westphalia to sell 100,000 homes
MUNICH - Germany's most populous state, North Rhine-Westphalia, plans to sell off around 100,000 residences in an attempt to reduce debt, the state's finance minister Helmut Linssen announced on Tuesday. The state intends to privatise its Landesentwicklungsgesellschaft (LEG) real estate firm, which owns around 100,000 residences, by selling to an ...
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PropertyEU Archive
Expo Real 2006 boasts record-breaking figures
A total of 21,000 people attended the 9th international reasl estate trade fair Expo Real in Munich, the organisers revealed on Wednesday. This was a 20% increase in attendance compared with 2005. In terms of visitors from outside Germany, the increase was more striking - 35%.
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PropertyEU Archive
Axa sells 54 properties to Morgan Stanley
AXA Real Estate Investment Managers has sold a real estate portfolio consisting of 54 properties to a Morgan Stanley managed fund. The portfolio comprises a total of 216.000 m[sup]2[/sup] floor space that is principally used for commercial purposes. CB Richard Ellis and Clifford Chance advised on the transaction. The financial ...
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PropertyEU Archive
CPIM buys office portfolio for EUR 650 mln
MUNICH - Britain's Cambridge Place Investment Management (CPIM) has bought a European office portfolio for approximately EUR 650 mln. The portfolio consists of 12 properties spread across France, Italy, Finland and the Netherlands. The total lettable space of the portfolio is 189,000 m2, which brings in a total annual rent ...
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PropertyEU Archive
UK and US most active foreign investors in Germany
MUNICH - The British and Americans are the largest foreign investors in the German property market, but their investment is declining relative to domestic players, according to a research report by DEGI. The majority of property investors in Germany are still, unsurprisingly, German, making up 37% of a total of ...
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PropertyEU Archive
Consider ageing population, investors told
MUNICH - Property investors are being urged to consider the ageing population in future residential developments. With an ever increasing proportion of elderly people in society, it is feared that existing care facilities will soon no longer be able to cope with demand. Speaking at the Expo Real trade fair ...
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PropertyEU Archive
DB Real Estate to sell nearly all German properties: report
MUNICH - DB Real Estate, the real estate unit of Deutsche Bank, plans to sell off nearly all its German properties from its open-ended property fund Grundbesitz-Invest, the Financial Times Deutschland reported on Wednesday, citing sources on the sidelines of the commercial real estate trade fair Expo Real in Munich. ...
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PropertyEU Archive
Oslo project wins DIFA regeneration award
MUNICH - Oslo' s former docklands have won the 2006 DIFA prize for urban regeneration and been hailed as one of Europe' s most desirable districts. The new Aker Brygge district beat off competition from 75 entries across 16 European countries to claim the title, which was announced at the ...
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PropertyEU Archive
'Munich is hot, Berlin has yet to boil'
MUNICH - Hamburg and Munich are the two favourite German cities in the eyes of property investors at the moment, while Berlin and Frankfurt are seen as more challenging markets, according to Richard M. Rosan, president of the Urban Land Institute (ULI).
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PropertyEU Archive
Secondary cities getting edge over metropoles
MUNICH - Property investors are increasingly sidelining Europe's metropoles in favour of smaller cities. During a forum at the annual Expo Real fair in Munich on Wednesday, a panel of property experts unanimously claimed the trend in investment was moving towards so-called 'secondary' cities.
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PropertyEU Archive
City planners 'can help combat terror'
MUNICH - City developers have a key role to play in boosting inner city security and helping combat fear of terror attacks, according to experts. Speaking at a forum on the future of European cities at the Expo Real trade fair, panel members claimed local authorities needed to take measures ...
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PropertyEU Archive
Disagreement over value of German city rankings
MUNICH - Doubts have been cast on the value of a new system which aims to provide investors with a ranking of German cities. The scheme is the brainchild of the German association of public banks (VÖB), which compiled data from around 12,500 municipalities across the country to produce a ...
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PropertyEU Archive
German property firms 'must do more to fight corruption'
MUNICH - Anti-corruption initiatives in the German real estate sector are a good start, but more needs to be done to implement codes of practice, leading German anti-corruption campaigner Peter von Blomberg said on Tuesday.
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PropertyEU Archive
Evans Randall acquires EUR 220 mln Stuttgart shopping centre
UK investment banking group Evans Randall has entered the German market by acquiring the Konigsbau Passegen shopping centre in Stuttgart from HSH N Real Estate for EUR 220 mln. The sale is subject to the approval of the Baden-Wuttemberg state trust.
