All Real Assets articles in Web Issue – Page 30
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PropertyEU Archive
Citycon to build retail centre in Finland
Finland's Citycon has reached an agreement with Swedish construction company Skanska to build a new retail centre in the Tampere region of Finland. The retail centre's leasable area totals around 12,000 m2, of which approximately half will be leased to discount store chain Tokmanni.
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PropertyEU Archive
ProLogis to develop French facility for Michelin
ProLogis has announced it is to develop a 32,000 m[sup]2[/sup] distribution centre for tire manufacturer Michelin in the south-western French city of Poitiers. As part of the deal, ProLogis is to acquire the 32-hectare site of a recently-closed Michelin plant in Poitiers.
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PropertyEU Archive
JLL seals large lettings in Edinburgh
Morley Fund Management has agreed tenancy contacts for two floors at Causewayside House in Edinburgh. Property advisor Jones Lang LaSalle, which acted for Moley, said the deals at the end of December were among two of the largest lettings in the Scottish city in 2006.
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PropertyEU Archive
Rodamco Europe shops in Russia for first time
Rodamco Europe, the largest listed property investment and manager in the retail sector in Europe, entered Russia for the first time at the end of December with the acquisition of 50% of the Metropolis shopping centre development in Moscow from developer Capital Partners. The mall comprises 80,000 m[sup]2[/sup] of gross ...
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PropertyEU Archive
10,000 homes to be developed in Northern Italy
The Italian region of Piemonte intends to develop 10,000 new homes by 2010, as part of the House Program approved by the Regional Board just before Christmas 2006 in a major boost for the property market in the region, Italian newspaper IlSole24Ore said.
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PropertyEU Archive
Fondi Rustici to sell complex for EUR 100 mln
Italian company Societa Agricola Fondi Rustici intends to develop a 1,000-hectare site for residential use in the region of Tuscany in Italy. The development, due to start in spring 2007, will involve an investment of about EUR 100 mln. The company intends to sell the residential project in the international ...
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PropertyEU Archive
Tishman Speyer secures 2nd largest leasing deal in Paris
Tishman Speyer has announced it has secured the second largest leasing deal of 2006 in Paris at its landmark office building Lumiere. Natixis, a major player in the French financial market, has leased 19,500 m[sup]2[/sup] of office space, 1,100 m[sup]2[/sup] of archives and 200 parking spaces at Lumiere, taking the ...
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PropertyEU Archive
EPRA/NAREIT Europe index finishes 2006 strrongly
The EPRA/NAREIT Europe Index continued to show strong returns in December (+8.8%), finishing the last year 49.4% higher compared with 2005. All major European countries were well ahead, according to the index: the UK led the field on 9.6%, followed by the Netherlands on 9.1%. France 'continued its excellent run' ...
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PropertyEU Archive
GPR 250 Europe index rises strongly
The Global Property Research 250 Europe index turned in another strong performance of +8.1% in December 2006. Finland (13%), the UK (9.4%), Italy (9.9%), the Netherlands (9.4%) and Sweden (9.3%) all performed better than the European average, while negative returns were booked by Poland (-1.7%), Spain (-2.6%) and Denmark (-21.2%).
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PropertyEU Archive
Witkoff returns to London with EUR 259 mln buy
New York-based real estate investor Witkoff Group has re-entered the London market with the joint acquisition of the 90 Long Acre building for £175 mln (EUR 259 mln). London-based DCD Group partnered the Witkoff Group in the transaction which reflected a yield of 4.2%.
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PropertyEU Archive
Deka acquires EUR 30 mln shopping mall in Portugal
German property fund Deka has re-entered the Portuguese market with the acquisition of the Torreshopping retail centre from Grupo Mateus. The shopping mall, located in Torres Novas, in Central Portugal, involved an investment of EUR 30.25 mln, Grupo Mateus said in a press release.
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PropertyEU Archive
Spazio Investment buys EUR 32 mln real estate assets
Spazio Industriale, a subsidiary of the real estate investment company Spazio Investment, has acquired several real estate assets in northeast Italy for a total of EUR 32 mln. The company said it exercised its option to acquire an additional 71,000 m[sup]2[/sup] of build-on area in the Eastgate Park area designated ...
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PropertyEU Archive
IVG to sell EUR 600 mln of European assets
German commercial property company IVG RE plans to withdraw from several European countries in order to streamline its direct property portfolio. The decision has been taken amid declines in property yields across the continent to historical lows, newspaper Financial Times has said. The company expects the sell-off to generate about ...
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PropertyEU Archive
Crerar Hotels to manage 7 more ex-Swallow sites
Edinburgh-based Crerar Hotels has agreed a deal with Matrix Asset Management to operate and manage six former Swallow Hotels sites. Separately, it agreed to manage another ex-Swallow property, the Fishers Hotel in Pitlochry, for LaSalle Asset Management.
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PropertyEU Archive
Paref invests EUR 7 mln in logistics
Paris Realty Fund (Paref) has acquired two buildings from a private property company for a total of EUR 7.25 mln, excluding taxes. The assets are located in Ulis and Cauffry, Northern France.
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PropertyEU Archive
German open-ended funds record EUR 94 mln net inflow
German open-ended funds had a net inflows of EUR 94 mln in November. 'Although not as big as October's EUR 530 mln, this still indicates that the sector is regaining investor confidence,' according to a new report by the research department of global property advisor CB Richard Ellis.
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PropertyEU Archive
Affine purchases four buildings in France
Concerto Developpement, a subsidiary of French real estate investment vehicle Affine, has acquired the industrial site of the French automotive equipment maker Epeda. The site comprises four buildings with a total of 26,000 m[sup]2[/sup] on a seven-hectare piece of land.
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PropertyEU Archive
GTC begins latest Warsaw construction project
Globe Trade Centre, a subsidiary of Amsterdam and Tel-Aviv-listed Kardan, has begun construction of the 15,200 m[sup]2[/sup] NEFRYT office building in Warsaw. The building is scheduled to be ready for occupancy in the first quarter of 2007.
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PropertyEU Archive
Olinda Shop fund completes first transaction
Olinda Fondo Shops, a property investment fund managed by Pirelli RE, has completed its first transaction with the acquisition of a multiplex in Pioltello, near Milan, for a total investment of EUR 13.4 mln.
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PropertyEU Archive
London retains global property cost 'crown'
London's West End has retained its position as the world's most expensive office location for the seventh consecutive year, according to a new report by property advisor DTZ. London (City) was ranked number 4. The 10th annual Global Office Occupancy Costs Survey is a guide to total occupancy costs across ...
