All Real Assets articles in Web Issue – Page 304
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PropertyEU Archive
Metro’s Meydan Shopping Square wins Prime Property Award
Metro Group Asset Management was named the winner of Union Investment’s 2008 Prime Property Award at a special ceremony at EXPO REAL on Tuesday. Metro won the prize, which identifies the most sustainable real estate investment in Europe, for its Meydan Shopping Square in Istanbul.
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PropertyEU Archive
Sonae Sierra wins Green Thinker Award
Portuguese retail developer Sonae Sierra is the winner of the first Green Thinker Award. The prize - a sculpture by Dutch artist David Veldhoen entitled Weight of Thoughts - was presented yesterday evening to the company's CEO Alvaro Portela at a special ceremony held at EXPO REAL in Munich.
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PropertyEU Archive
Develica spots bargain
German property investment company Develica Deutschland said it has bought back 21,298,000 of its own ordinary shares for a total investment of EUR 2.8mln, pointing to the deep discount at which its stock was trading compared to its net asset value (NAV). Develica noted that it acquired the ...
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PropertyEU Archive
First Industrial invests in Belgium
Industrial property company First Industrial has entered into a final agreement to invest in two distribution facilities in the heart of Belgium’s Golden Triangle. First Industrial will invest in a two building, 117,800 m[sup]2[/sup] business park, which will be known as First Park Maritime Logistics on a site located ...
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PropertyEU Archive
Demand for warehousing remains buoyant
Occupier demand for European distribution warehousing remained buoyant during the first half of this year although logistics investment activity was down 38%, according to a new Jones Lang LaSalle report.
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PropertyEU Archive
Helios purchases Zagreb business park
Croatia’s only international logistics park has been bought by Helios Properties for around €68 mln. Zagreb Business Park, which has 95,000 m[sup]2[/sup] of warehousing space, is located 6 km from the Slovenian border. The sale was announced by the Park’s sole letting agent King Sturge.
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PropertyEU Archive
Parcolog buys logistics scheme near Lille
Parcolog, the industrial property arm of Generali Immobiliare, has bought a logistics complex near Lille from Logidis, a unit of French retailing giant Carrefour. The new scheme, which was developed by Logidis and is rented out to the Carrefour group, provides 26,500 m[sup]2[/sup] of space, of which around 2,000 m[sup]2[/sup] ...
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PropertyEU Archive
Capital values to remain under pressure, says JLL
With the global economy expected to continue to weaken over the remainder of 2008 and throughout 2009, capital values are likely to remain under pressure, according to the latest Global Capital Flows report released on Tuesday by Jones Lang LaSalle. Although transactions are likely to continue, this will probably be ...
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PropertyEU Archive
ECE wins tender to develop Vienna Central Station
German property companies ECE Projektmanagement and ÖBB-Immobilienmanagement signed contracts on Monday for the development, leasing and management of BahnhofCity - Vienna’s central railway station. In a statement released during the first day of the EXPO REAL fair in Munich, ECE said it has won the European tender for the realisation ...
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PropertyEU Archive
Hypo Real Estate CEO resigns
Axel Wienandt, formerly global head of investment at Deutsche Bank, has been named as the new CEO for Hypo Real Estate following Georg Funke’s resignation earlier today. Wienandt will assume his new role on 13 October.
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PropertyEU Archive
Petrikovics quits as CEO of Immofinanz, Immoeast
The CEO of Immofinanz and Immoeast, Karl Petrikovics, has stepped down with immediate effect. Petrikovics has been in charge of both companies since their inception and his departure represents the beginning of a new stage of development. It cooincides with the companies’ separation from Constantia Privatbank.
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PropertyEU Archive
London City vacancy rates to hike next year - King Sturge
Office vacancy rates in the City of London are likely to move into double-digits by the middle of next year, as mass layoffs in the banking sector take their toll, according to Andrew Burrell, a partner at King Sturge in London.
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PropertyEU Archive
ING fund to open up German market, eyes distressed debt market
ING Real Estate Investment recently launched EUR 1 bn German Austrian retail fund could open up the German market for investors that have so far found it difficult to get into the market. 'We been approached by a couple of major investors who have been trying to get in to ...
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PropertyEU Archive
Eastern European resilience eroding, with lengthy recession seen in Estonia, Latvia: SEB
The resilience of Central and Eastern Europe in the face of the global economic slowdown is starting to erode, according to the October 2008 issue of Swedish bank SEB’s Eastern European Outlook. While many countries in the region that has become a favourite target for many property ...
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PropertyEU Archive
Non-listed real estate funds extend lifespan - Inrev
European non-listed real estate funds are increasingly planning to extend the life of their vehicles rather than liquidate as market conditions become more challenging, according to industry body, the European Association for Investors in Non-listed Real Estate Vehicles (Inrev).
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PropertyEU Archive
German office rental market holding up
The German office rental market has proved to be stable despite turbulent times on finance markets, according to a report from Frankfurt-based independent real estate consultancy NAI Apollo. According to NAI Apollo, compared with the previous quarter, the big five German office locations of Berlin, Frankfurt, Hamburg, ...
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PropertyEU Archive
Good investment properties 'not a thing of the past'
European property markets may be feeling the heat from the ongoing meltdown in the financial sector but that doesn't mean that good investment properties are entirely a thing of the past, according to Timo Tschammler, head of investment in the EMEA region at DTZ, based in London.
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PropertyEU Archive
‘Immense uncertainty in the UK market,’ says Savills
There is ‘an immense amount of uncertainty’ surrounding the UK market, as bailouts, nationalisations and takeovers dominate, according to William Newsom, head of UK property finance at Savills in London.
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PropertyEU Archive
Navigating through the turmoil: the state of play in the UK market
There is 'an immense amount of uncertainty' surrounding the UK market, as bailouts, nationalisations and takeovers dominate the market, according to William Newsom, head of UK property finance at Savills in London.
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PropertyEU Archive
Valad poised to strike in UK
A new EUR 850 mln opportunity fund established by Australian fund manager Valad is poised to begin making acquisitions of multi-let industrial properties in the UK. Paul Oliver, responsible for equity raising at Valad, said the company has had a great fundraising year despite the credit crunch. The new fund ...
