All Real Assets articles in Web Issue – Page 312
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PropertyEU Archive
Immofinanz: no dividends this year
Austrian property investor Immofinanz said on Thursday it has decided not to pay out dividends for the 2007/08 financial year. In September the company passed a resolution determining a dividend of EUR 0.40 per share, but the company's new chief executive Thomas Kleibl opted a month later for the cancellation ...
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PropertyEU Archive
Lord Foster steps down from WAF jury as own project enters race
Norman Foster has stepped down from the World Architecture Festival Awards (WAF Awards) super jury because one of his own projects is in the running for the top prize.
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PropertyEU Archive
Q&A with Timo Tschammler, DTZ
Timo Tschammler, managing director of international investment at DTZ in London, is casting his net wide in search of real estate investment opportunities.
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PropertyEU Archive
RTM talks up share but trading suspended
Russian retail property developer OJSC RTM has said that its share price is not representative of the company's real value. RTM issued a short statement to emphasise this point on Friday as Russian stock exchanges halted trading due to sharp losses across the board.
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PropertyEU Archive
Morgan Stanley P2 Value fund to invest EUR 800m
Morgan Stanley's open-ended P2 Value fund will invest around $1 bn (EUR 804 mln) in property globally over the next 12 months, according to Walter Klug, a member of the board of Morgan Stanley Real Estate Investment GmbH, based in Frankfurt.
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PropertyEU Archive
Germans acquire Birmingham office from Irish banking group
Germany's largest listed property company IVG has acquired a six-storey office building in the English city of Birmingham from Bank of Ireland Private Banking for £30.5 mln (EUR 38 mln). The price reflects a net initial yield of about 6.4%.
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PropertyEU Archive
Aefides buys 13,000 m[sup]2[/sup] car showroom in Netherlands
Dutch property fund manager Aefides has acquired the Autoborg property located at the industrial park Eemspoort in the northern Dutch region of Groningen for an undisclosed sum. Broker DTZ Zaddelhoff advised on the transaction.
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PropertyEU Archive
Sjaelso Gruppen buys back 1.7 million shares
Danish listed real estate company Sjaelso Gruppen has said that it has purchased 1.7 million of its shares for almost DKK 150 mln (EUR 20 mln) since early March this year. The company unveiled a plan in March to repurchase up to DKK 200 mln shares before the end of ...
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PropertyEU Archive
Plaza Centers buys back 2 million shares
Plaza Centers, the emerging markets property developer listed in London and Warsaw, has announced it has purchased just over 2 million of its shares at a price of between 43.5-46 pence (54-77 euro cents) per share. The buyback scheme was approved by shareholders at the annual general meeting in May.
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PropertyEU Archive
IIG begins work on Adidas facility in Ukraine
Belgian-based Immo Industry Group (IIG) has begun construction work on a distribution centre in Ukraine for the German sporting goods manufacturer Adidas. The facility is being developed by IIG and its Ukrainian joint venture partner Aladdin Group at the IIG-Aladdin Group Industrial Park V in the Ukrainian capital Kiev.
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PropertyEU Archive
DTZ appoints new Netherlands chairman
DTZ Zaddelhoff, the Dutch arm of international broker DTZ, has appointed Cuno van Steenhoven as chairman of the board of management. He replaces Cees de Jong who left the company earlier this month following his conviction for tax fraud relating to a personal tax filing.
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PropertyEU Archive
Raven Russia highlights financial firepower
AIM-listed warehouse investor Raven Russia has stressed that it has plenty of funding available to take advantage of the difficult market conditions despite the much publicised reports of the difficulties in the banking sector. The company said that it continues to draw down from the $586 mln (EUR 471 ...
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PropertyEU Archive
KanAm locks up US fund to stem tide of redemptions
KanAm has suspended redemptions from its US-grundinvest open-ended fund for at least three months. The German fund manager said the move was necessary to protect investors in the dollar-denominated fund after a period of unusually high sales of its units in recent weeks.
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PropertyEU Archive
TNT opens first C02-neutral facility
Global express mail company TNT has held an opening ceremony for its first CO2 emission-free facility in the Dutch town of Veenendaal. The depot, built by VolkerWessels, is the first in a series of 'green' buildings TNT plans to use as part of its Planet Me environmental programme.
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PropertyEU Archive
Catella advises on sale of 1,400 apartments in Berlin
Real estate broker Catella said on Tuesday that it has advised on the sale of 1,400 apartments in the north of Berlin for EUR 80 mln. The buyer was an unnamed Dutch investor.
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PropertyEU Archive
KanAm halts redemptions from 2nd grundinvest fund
KamAm has halted redemptions for three months from its EUR 5 bn KamAm grundinvest fund, a day after locking up its smaller, dollar-denominated US-grundinvest fund for 90 days.
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PropertyEU Archive
French property investment plummets by 57% in 2008
Commercial property investment in France dropped by 57% year-to-year totalling EUR 9.4 bn in the first nine months of 2008, according to the latest market view report issued by CB Richard Ellis. The downturn was a result of more challenging lending markets and a loss of investor confidence. Investment activities ...
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PropertyEU Archive
Goodman Group unveils EUR 657m liquidity drive
Australian listed property trust Goodman Group has announced a raft of measures designed to increase its available liquidity to AUD$1.3 bn (EUR 657 mln) and consolidate its position in Asia.
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PropertyEU Archive
Trillium to manage part of EUR 747m schools programme
Land Securities Trillium has been appointed to manage the rebuilding and refurbishment of 10 schools as part of a £600 mln (EUR 747 mln) programme in South East England.
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PropertyEU Archive
FdR sells for EUR 95m to BNP Paribas OPCI
French property group Fonciere des Regions said on Tuesday that it has signed an agreement with Technical Property Fund I, the OPCI investment vehicle of BNP Paribas REIM, to sell a portfolio of 30 office properties for a total of EUR 95.1 mln excluding taxes. The portfolio consists of around ...
