All Real Assets articles in Web Issue – Page 306
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PropertyEU Archive
Prologis to build 29,000 m[sup]2[/sup] facility in the Netherlands
International operator of distribution facilities Prologis said on Monday that it will develop 247,000 sq ft (29,000 m2) of warehouse space in the Netherlands for one of Europe's largest communications distributors. The firm will build the facility at ProLogis Park Stichtsekant, a new distribution park located north of Amsterdam in ...
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PropertyEU Archive
New Losan hotel fund to invest EUR 1.6bn over three years
Losan Hotels World has announced it is launching a new fund to acquire EUR 1.6 bn of hotel assets around the world over a three-year period, starting in 2009. The Madrid-based firm owned by César Losada and Spanish banking groups also said on Monday that its first fund closed with ...
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PropertyEU Archive
CEE specialist Ablon repurchases shares
AIM-listed CEE property company Ablon Group said on Monday that it had purchased 20,541 ordinary shares at a price of 58 pence per share as part of its share buyback scheme.
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PropertyEU Archive
Icade seeks partner for services activities
French property group Icade said it is seeking a strategic partner for its property services business as part of a plan to refocus the company's property services division on activities 'where there are real synergies', the company said in a statement. Those activities consist of consulting, managing student housing and ...
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PropertyEU Archive
AEW Europe launches Logistis III
Real estate investment manager AEW Europe said it is launching its third specialised logistics fund: Logistis III. The company, which in 2000 and 2003 set up the Logistis I and II investment vehicles, said it aims to raise a total of EUR 350 mln in capital for its third logistics ...
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PropertyEU Archive
Atisreal moves into the Netherlands and Ukraine with new alliances
Atisreal, the property services arm of BNP Paribas, has expanded its international network with the signing of new alliance contracts with Holland Realty Partners in the Netherlands and Astera in Ukraine.
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PropertyEU Archive
DTZ appoints former Barclays COO as chief executive
Paul Idzik, chief operating officer of Barclays bank until May this year, has been appointed the new group chief executive of property consultant DTZ, replacing Mark Struckett who said in June that he planned to step down from the board.
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PropertyEU Archive
Develica buys back more shares
German property investment company Develica Deutschland said on Monday that it had bought back a further 3.077 million shares at EUR 0.09 per share, in a move aimed at boosting the company's net asset value. The transaction took place on 10 October.
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PropertyEU Archive
Property financiers get new lifeline under pan-European bailout
Royal Bank of Scotland (RBS) and HBOS are among the list of ailing UK banks set to receive a capital injection under the pan-European bailout scheme agreed by European leaders at the weekend.
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PropertyEU Archive
British Land CEO moves to top job at troubled RBS
British Land confirmed on Monday that CEO Stephen Hester will step down from his post to become chief executive of The Royal Bank of Scotland, one of the banks to be hit hardest by the credit crisis. He will replace Sir Fred Goodwin.
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PropertyEU Archive
IPD takes over Pooled Property Funds from HSBC
The Investment Property Databank (IPD) has taken over the production of the HSBC Pooled Property Funds publication from HSBC Global Asset Management. The publication, which is widely regarded as the most authoritative guide to UK pooled property funds, is produced quarterly and currently contains information on 77 funds with an ...
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PropertyEU Archive
Wood Wharf redevelopment in London gets go-ahead
Plans for the Wood Wharf mixed-use development at London's Canary Wharf estate have been granted outline planning approval by the local authorities, enabling work to begin on the massive waterside scheme.
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PropertyEU Archive
Immofinanz: sell-offs planned and merger under scrutiny
Immofinanz and its subsidiary Immoeast will safeguard liquidity in the current market climate by selling off portfolio assets and sharply reducing the number of development projects, the companies' new board spokesman Thomas Kleibl said on Monday. In addition, the companies will evaluate the advantages of a merger between Immofinanz and ...
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PropertyEU Archive
CEE property investment falls by 32% in H1 - DTZ
Direct property investment in the CEE and Russia was squeezed by the global credit crunch in the first half of 2008, according to a new report released by DTZ on Tuesday.
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PropertyEU Archive
Carlyle submits plans for £22m Oxford development
UK private equity firm Carlyle has submitted a planning application for a £22 mln mixed-use scheme in the Queen Street area of Oxford city centre. In a statement on Monday, Carlyle said it will build a two-phased project which is set to regenerate a neglected part of Oxford's historical city ...
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PropertyEU Archive
Central London take-up falls 34% in third quarter - JLL
The real estate sector in Central London is taking a significant hit and may continue to do so until the end of the decade as the downturn in UK property has proved more severe and longer lasting than anticipated.
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PropertyEU Archive
WestImmo provides EUR 73m financing for Romanian mall deal
German property lender Westdeutsche ImmobilienBank has provided EUR 73 mln financing for Degi's acquisition of a shopping centre in the Titan area of Bucharest. Frankfurt-based Degi first announced the purchase of the Iris Shopping Centre for EUR 140 mln in June. The acquisition was carried out by SRL, a Romanian ...
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PropertyEU Archive
Kenmore sells assets in Norway
Kenmore Property Group has sold a prime Oslo office building and two Norwegian property portfolios held by its funds, MK Capital and Kenmore Europe, for a combined total of NOK 421 (EUR 50 mln).
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PropertyEU Archive
LGI leases space in Gazeley Magna Park Berlin
Logistics Group International (LGI) is leasing around 12,800 m[sup]2[/sup] of logistics and office space from Gazeley in Gazeley Magna Park in Berlin, a 50-hectare site in the southwest of the city.
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PropertyEU Archive
IPD: UK property continues to drop
Investment Property Databank (IPD) said on Tuesday that its UK Monthly Property Index showed all property total returns falling to -2.4% in September, making last month the weakest single month since the low points of November and December last year.
