All Real Assets articles in Web Issue – Page 314
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PropertyEU Archive
Catella Property Group appoints new CEO in Germany
Claudius Meyer has been appointed the new CEO of Catella Property Group in Germany from 1 November this year. He succeeds Andreas Quint who has decided to retire from the operating business. 'I feel that Catella Germany is on the right track. And I am very much looking forward to ...
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PropertyEU Archive
IVG Immobilien appoints new board spokesman
Germany's IVG Immobilien said on Thursday it has appointed Gerhard Niesslein as the new spokesman of the board of management. He takse up office on 1 November 2008. Niesslein, aged 55, has 30 years of experience in the real estate business.
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PropertyEU Archive
Kraanspoor wins ULI global award for excellence
The Kraanspoor office project developed by ING Real Estate Development in Amsterdam has been named as one of the five winners at the 2008 Urban Land Institute Global Awards for Excellence in Miami. Kranspoor is a three-storey office complex built on top of an obsolete industrial concrete crane track on ...
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PropertyEU Archive
PropertyEU live from Barceolona
The 12th edition of Barcelona Meeting Point being held on 4-9 November features over 40 symposium sessions with 130 speakers from 16 countries, plus a special focus on exhibitors from Latin America and Central and Eastern Europe.
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PropertyEU Archive
Codic unveils management changes
Belgian real estate developer Codic said on Thursday it is adapting its organisation and strengthening its financial department as a result of its European expansion into Hungary, Romania and Spain over the last few years. In a statement, the company said that Sophie Goblet, chief financial officer of the group ...
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PropertyEU Archive
Westfield London mall opens its doors
Australian shopping centre group Westfield opened its new flagship shopping centre in the heart of West London on Thursday. The centre, which is 99% let, was undertaken in a joint venture partner Commerz Real. At 150,000 m2, the scheme is the largest shopping mall in London and Europe.
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PropertyEU Archive
Jelmoli postpones meeting on real estate spin-off
Swiss department store group Jelmoli has postponed the Extraordinary Shareholders Meeting which was to vote next week on a plan to split its business into separate listed real estate and investment units. The firm's board said the postponement was necessary because the finalisation of the refinancing arrangements for Jelmoli's debt ...
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PropertyEU Archive
SEB halts redemptions from ImmoInvest fund
SEB Asset Management has become the second major fund manager in Germany to halt redemptions from its flagship open-ended real estate fund. The firm said it was necessary to suspend the redemption of units from SEB ImmoInvest for three months 'in the interests of treating all investors equally and of ...
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PropertyEU Archive
Risanamento reaches preliminary agreement on EUR 75m financing
Italian property developer Risanamento said it has sealed a preliminary term-sheet agreement with banks regarding a credit line of up to EUR 75 mln. The banks providing the facility are Intesa Sanpaolo, Unicredit Corporate Banking, Banca Popolare di Milano S. coop. and Banca Monte dei Paschi di Siena, it added.
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PropertyEU Archive
Hypo RE gets guarantee for EUR 15bn facility
Germany's bank rescue fund has granted Hypo Real Estate's request for a EUR 15 bn short-term liquidity facility pending the provision of a EUR 50 bn lifeline from a public-private consortium of the German government and German financial institutions.
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PropertyEU Archive
Top 5 deals, Week 44 (27-31 October 2008)
The largest deal recorded by PropertyEU between 27 and 31 October was KanAm's acquisition of a Paris office property from Gecina for EUR 133 mln.
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PropertyEU Archive
European real estate investment drops by 60% in Q3 - JLL
Direct commercial real estate transaction volumes across Europe in the third quarter of 2008 continued to trend downwards, according to Jones Lang LaSalle (JLL).
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PropertyEU Archive
Ballymore opens 5-star hotel in Prague
Irish developer Ballymore has announced the opening of a new five-star hotel in central Prague. The Kempinski Hybernska hotel comprises 9,000 m[sup]2[/sup] and includes 75 luxury rooms and suites. The development involved the restoration of a 17th-century listed building.
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PropertyEU Archive
Immoeast investigates missing payment of EUR 520m
Austrian real estate group Immoeast is investigating a missing payment of EUR 520 mln to a third party, the company said in a statement last week. Immoeast recently provided the funds to Immofinanz Beteiligungs AG (IBAG) through the purchase of a bond.
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PropertyEU Archive
ING RE's 'Crane Track' wins ULI award
ING Real Estate announced on Friday that its Kraanspoor (Crane Track) project in Amsterdam, the Netherlands has won a Urban Land Institute (ULI) Global Award for Excellence during the organisation's autumn meeting in Miami. Earlier in the year the Crane Track project received the 2008 MIPIM Green Building of the ...
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PropertyEU Archive
Beni Stabili replaces Lehman Brothers swaps
Beni Stabili said its Imser Securitization has replaced 'without any additional charges' eight interest rate swaps with Lehman Brothers with new swaps with banks IMI and HSBC as counterparties.
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PropertyEU Archive
Corio buys Ikea store next to Turin mall
Retail property specialist Corio is acquiring an Ikea store in Turin in order to redevelop it to add value to Corio's adjacent Le Gru shopping centre. Under the agreement with Ikea, the furniture retailer will lease the Ikea unit back until a new store in Collegno slated for May 2009 ...
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PropertyEU Archive
Eurocommercial opens extension at Carosello mall
Amsterdam-based investment firm Eurocommercial Properties (ECP) said on Friday that it has opened a 12,000 m[sup]2[/sup] extension and refurbishment of the Centro Carosello retail scheme situated on the outskirts of Milan. The extension opened this week on schedule, fully leased and on budget, the company said in a statement. The ...
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PropertyEU Archive
Property demand set to fall - CBI/GVA Grimley Survey
Fewer firms expanded their property portfolios in the UK over the last six months, and firms are planning to reduce their property holdings in the coming half year, according to the latest CBI/GVA Grimley Corporate Real Estate Survey. The survey, conducted between 27 August and 17 September 2008, reveals a ...
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PropertyEU Archive
Savills launches new hotels division in China
International property services provider Savills has announced the launch of a new Hotels & Serviced Apartment division in China. Established as a result of demand from existing clients, the new department will provide investors, developers and owners with consultancy and full operational services from the initial design, development and configuration ...
