All Real Assets articles in Web Issue – Page 307
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PropertyEU Archive
Echo Investment to develop new Lodz office
Polish property group Echo Investment has presented details of a new office project to be developed in the city of Lodz. The Aurus building will be a 28,000- m[sup]2[/sup] modern class A office property to be opened at the turn of 2009 and 2010. The 10-storey asset is located in ...
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PropertyEU Archive
Hines fund enters Frankfurt's office market
Hines' Pan-European Core Fund has entered the Frankfurt office market with the purchase of Marienstrasse 15 from German investor Degi for an undisclosed sum.
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PropertyEU Archive
Hypo Real Estate launches probe into ex-CEO
The supervisory board of Hypo Real Estate has initiated an independent enquiry into whether there was any breach of duty on the part of former CEO Georg Funke and another management board member, Bo Heide-Ottosen.
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PropertyEU Archive
Stenham, RFR shop in Frankfurt
Global property fund manager Stenham has joined forces with international real estate firm RFR Holding to acquire a prime retail and office building in the German city of Frankfurt. Located on the upmarket shopping street Goethestrasse, the property comprises over 3,000 m[sup]2[/sup] of lettable space mostly let to tenants Ermenegildo ...
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PropertyEU Archive
Sarajevo to get first international mall in 2009
Shoppers in the Bosnian capital Sarajevo will get their first international-style shopping centre next year, according to property consultant Colliers International. The 11,900-m[sup]2[/sup] Alta Shopping Center is scheduled to open in the city's Central Business District in September 2009. The shopping centre will have a total built-up area of ...
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PropertyEU Archive
Lazard Group sells Strasbourg office property for EUR 26m
International broker King Sturge has announced that it acted for a private pan-European investment fund in the acquisition of an office building in the French city of Strasbourg from Lazard Group, for EUR 26 mln.
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PropertyEU Archive
Green acquires 27 care facilities in the Netherlands
Dutch firm Green Real Estate has acquired 27 properties from healthcare organisation Meavita Nederland in a sale-and-leaseback transaction. The financial details were not disclosed.
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PropertyEU Archive
HDG Mansur acquires office building in Farnborough
HDG Mansur Investment Services has announced the completion of the EUR 16.2 mln acquisition for a fund it manages of an office building in Farnborough, in the London commuter belt. The seller was Norwich Property Trust.
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PropertyEU Archive
Commerz Real adds to Berlin holdings
German property investor Commerz Real has signed a contract to purchase an office development in the Charlottenburg district of Berlin for its ProCommerz institutional fund for EUR 14 mln. The Westend IV project is adjacent to an office building with 11,000 m[sup]2[/sup] of gross lettable area which Commerz Real acquired ...
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PropertyEU Archive
CBRE advises on major Polish mall deal
CB Richard Ellis has said it advised GE Real Estate on the sale of the 3 Stawy shopping centre in the Polish city of Katowice to Union Investment for EUR 95 mln in early October.
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PropertyEU Archive
Altarea opens Alsace shopping centre
Altarea, the French real estate developer and investor, held a special inauguration ceremony on Tuesday for its new Porte Jeune Shopping Center in the centre of Mulhouse, in the Alsace region of France. The ceremony was attended by Jean-Marie Bockel, mayor of Mulhouse and junior defence minister, Alterea's founder and ...
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PropertyEU Archive
CBRE gives tough Irish budget thumbs up
Property consultant CB Richard Ellis has signalled general approval for the 'very tough but prudent' budget introduced by the government in Ireland.
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PropertyEU Archive
Moorfield fund buys Raven's stake in UK retirement village developer
London-based Moorfield Group has confirmed the conditional acquisition of a 75% stake in Audley Court, a developer and operator of retirement villages in the UK.
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PropertyEU Archive
LEED certificate panned for Ernst-August-Galerie in Hanover
Ernst-August-Galerie has opened in the German city of Hanover after a 22-month construction period. German inner-city shopping centre specialist ECE and HGA Kapital Grundbesitz und Anlage were the project partners in the EUR 230 mln development.
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PropertyEU Archive
Savills US to lead distressed property unit
Savills has established a special service to focus on distressed property situations. The new unit is led by Savills US CEO John D Lyons, executive managing director Jeffrey Baker, senior vice president Fredric Leffel and senior vice president John Wilcox from the New York office.
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PropertyEU Archive
Klepierre in EUR 71m asset swap with CNP Assurances
French shopping centre specialist Klepierre has purchased the commercial gallery in the Avenir shopping centre in Drancy from insurance group CNP Assurances for close to EUR 71 mln. According to an article in newspaper Business Immo, the deal is part of an asset swap between the two firms under which ...
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PropertyEU Archive
Sonae Sierra achieves first in health and safety certification
Sonae Sierra has become the first European company in the shopping centre sector to receive the Occupational Health and Safety Assessment Series 18001 certification for its Safety & Health management system. The OHSAS certification was issued by TÜV Rheinland, a German firm that specialises in certification on a multi-national basis.
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PropertyEU Archive
Robert Antista to lead Colliers office in Albania
Collier International Albania has appointed Robert Antista as its new managing director. Colliers is the only global real estate services provider to have an office in Albania. Its projects include the biggest retail park in the country, City Park, and the leading office project, Millennium Business Center.
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PropertyEU Archive
St Martins appoints global markets research manager
St Martins, the property arm of the Kuwait Investment Authority, has announced the appointment of Cleo Folkes as research manager for global markets. Folks will advise the company on global investment strategy and provide input on the evaluation of individual investment opportunities. Folks has been head of research at Allsop ...
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PropertyEU Archive
Kardan board approves merger with GTC RE
Amsterdam-registered investment company Kardan said on Thursday that its supervisory and management boards have approved the merger of the comapny with its real estate subsidiary GTC Real Estate. In a statement, Kardan said that the management believes the merger will create a larger holding company with a strengthened financial and ...
