All Real Assets articles in Web Issue – Page 302
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PropertyEU Archive
Swiss funds opt for real estate
Nine out of 10 Swiss pensions funds are indirectly invested in real estate while the majority also directly invest in the market, according to research from real estate investment specialist Sal Oppenheim. This suggests that investors are still keen on real estate as an asset class though the preferred investment ...
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PropertyEU Archive
Lean times for European office markets, King Sturge
'European office markets are experiencing their leanest period for five years,' according to King Sturge. Based on research in its latest office market report to be launched at Expo Real in Munich the property adviser found that 'initially, property investment bore the brunt of the crisis but our research shows ...
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PropertyEU Archive
Canadian pension funds invest $10bn in European property
Canadian pension funds invested some $10bn in European, US and Australian property last year, according to research by DTZ. The most important transactions were made in Britain, Germany, France and Russia. DTZ said the trend towards investment abroad was a result of the funds’ need to invest directly in property ...
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PropertyEU Archive
Budapest class A offices top two million m2
The stock of category A office space in Budapest has topped the two million m[sup]2[/sup] mark, according to research by real estate advisory group Cushman & Wakefield, published on Monday. ‘This represents a coming of age for the Budapest office market,’ said Gergely Pados, head of the office division at ...
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PropertyEU Archive
German open-ended funds 'to dominate home market in 2009'
German open-ended funds (GOEFs) are likely to embark on a bumper shopping spree next year both at home and abroad following massive inflows this year which have left them with sizeable capital to place, according to Sascha Hettrich, a managing partner at King Sturge in Berlin.
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PropertyEU Archive
Iberdrola enters Bulgaria with EUR50 mln tourist resort project
Spanish property company Iberdrola Inmobiliaria said on Monday that it has committed to its largest project abroad with the acquisition of a plot of land in Tsarevo, eastern Bulgaria. In a statement, the Spanish firm said it is to invest close to EUR50 mln to develop the Koral Beach Elite ...
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PropertyEU Archive
Niam acquires EUR 515 mln Vasakronan portfolio
A group of Swedish and German banks have banded together to provide a EUR 515 mln loan for the acquisition of the Vasakronan portfolio from Swedish property company AP Fastigheter by Niam. Niam acquired the portfolio of 40 offices and mixed-use properties in Sweden for its NIAM Nordic Fund IV.
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PropertyEU Archive
Rabobank puts property activities into one unit
Dutch cooperative bank Rabobank is introducing a new structure for its property operations, under the name Rabo Real Estate Group. The new unit will include housing development arm Bouwfonds, MAB (commercial property), FGH Bank (finance) and Bouwfonds REIM (investment management). Rabobank said the new structure was a continuation of the ...
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PropertyEU Archive
Henderson, McArtherGlen in Berlin outlet village
Henderson Global Investors has joined forces with McArthurGlen to carry out a EUR80 mln redevelopment project to create a new designer outlet village for Berlin. The two-phase project will offer total gross lettable area of 19,000m[sup]2[/sup] and is expected to host 120 leading retail brands, Henderson said in a statement.
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PropertyEU Archive
Berlin/Potsdam market continues to grow, says Hochtief study
The real estate market in the Berlin/Potsdam metropolitan region continues to flourish despite the financial crisis, according to a study by Hochtief and TLG Immobilien, presented at the EXPO REAL fair in Munich on Monday.
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PropertyEU Archive
London and Paris best European cities for business: C&W
London and Paris have been named as Europe’s best cities for business while Moscow can expect the biggest influx of companies over the next five years, according to Cushman & Wakefield’s European Cities Monitor report, released today. The global real estate consultant also named Barcelona as the city with the ...
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PropertyEU Archive
Siemens sets new green targets for its buildings
Siemens Real Estate (SRE), the real estate division of German electrical manufacturer Siemens, plans to improve the energy efficiency of its key real estate properties worldwide by 2011.
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PropertyEU Archive
CBRE sets up new property management unit
Quinlan Private and Henderson Global have selected a new unit established by CB Richard Ellis to provide pan-European property management services. Quinlan's portfolio Comprises prime retail and office properties across the region including Diagonal Mar, one of the largest shopping centres in Spain, and the Knightsbridge Estate in London.
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PropertyEU Archive
VastNed CIO to head up Wereldhave
Hans Pars has been appointed CEO of the world's oldest property funds, Amsterdam-listed Wereldhave. Pars (46) is currently CIO at the VastNed group and will remain in that function until the end of the year. Pars' appointment is dependent on the approval at Wereldhave shareholders at April's AGM. He will ...
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PropertyEU Archive
DancingGreen targets Russian professionals
A $600 mln (EUR 434 mln) short-break holiday resort aimed at Russian professionals has been launched at EXPO REAL today. The DancingGreen project, planned for completion in 2012, and occupying 280 hectares in Russia’s Tula Oblast, is a joint venture between architects Foster + Partners, investment and development company Eurasia ...
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PropertyEU Archive
New deal struck for Hypo Real Estate
A new bailout agreement has been reached to save German mortgage and public sector bank Hypo Real Estate. The German government and a consortium of unidentified German banks have agreed to offer a lifeline of EUR 50 bn after an earlier plan was withdrawn.
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PropertyEU Archive
DTZ, Euro Ejendomme launch new hotel fund
DTZ Corporate Finance has joined forces with German-Danish investor and asset manager Euro Ejendomme to launch a new hotel fund with a target size of EUR500 mln. The Euro Ejendomme Hotel Fonds I will run for seven years and be structured as a Luxembourg SICAV investment vehicle. It will be ...
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PropertyEU Archive
Dubai's Limitless set to enter Europe
Limitless, the real estate development arm of the government of Dubai, has set its sights on Europe as local developers and property companies struggle with liquidity squeezes and increasing lending costs. Cameron Mana, head of Limitless’ European business, said at the EXPO REAL fair in Munich that he is in ...
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PropertyEU Archive
Open-ended funds eye German retail warehouses
Open-ended funds have made a comeback in Germany by investing in the retail property sector, a new research report released by Jones Lang LaSalle, the Hahn Group and Dr. Lademann & Partner shows. The funds, which historically focused on shopping centres, are now expanding their activity in the country by ...
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PropertyEU Archive
First pan-European retail sustainability standard launched
The first pan-European sustainability standard for retail property developments was launched yesterday at EXPO REAL by Marcus Wild, CEO of SES Spar European Shopping Centres and member of the ICSC
