All Real Assets articles in Web Issue – Page 318
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PropertyEU Archive
TMW buys Sumatra tower in Hamburg for EUR 140m
Germany's TMW Pramerica Property Investment has made its first investment in Hamburg for its TMW Immobilien Weltfonds. The fund manager acquired the Sumatra office scheme in the new HafenCity waterfront development for around EUR 140 mln.
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PropertyEU Archive
Allianz seeks to grow global real estate portfolio by EUR 15bn
Allianz Real Estate, the property arm of German insurer Allianz, intends to grow its property portfolio by up to EUR 15bn within the next five years, as part of the company's strategy of building a global asset management and insurance platform, said Olivier Piani, Allianz Real Estate's new global head.
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PropertyEU Archive
Starwood completes sale of Italian portfolio for EUR 150m
Starwood Hotels & Resorts Worldwide has completed the sale of an Italian real estate portfolio, including three well-known hotels, to Italian asset manager Est Capital. The acquisition price comes to EUR 150 mln.
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PropertyEU Archive
Italian commercial property total returns at 2.6%
The latest data on Italian commercial property shows the sector delivered total returns of 2.6% in the six months to the end of June this year. The IPD Italian Biannual Property Index indicated that capital growth remained flat over the period. Income returns accounted for all the growth.
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PropertyEU Archive
Hammerson to hold off on new schemes until 2010
Hammerson has said it will not launch any new major development projects in the UK or France before the end of 2009. The UK real estate investment trust said potential tenants in the retail sector are taking a more cautious stance on leasing space and demand for office space has ...
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PropertyEU Archive
CBRE seeks to raise up to EUR 280m from share offer
Global property advisor CB Richard Ellis announced on Tuesday that it plans to offer 50 million shares in a public offering. The underwriters of the proposed offering an option to purchase an additional 7.5 million shares to cover over-allotments. Although CBRE declined to price the offering, it could raise up ...
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PropertyEU Archive
C&W lays off 30 staff in Russia
Cushman & Wakefield Stiles & Riabokobylko (C&W/S&R) confirmed on Monday that it is making selected staff reductions at its Moscow office. About 30 positions will be affected out of a total head count of 270 staff.
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PropertyEU Archive
Brussels office market suffers 51% drop - Savills
The property investment market in Brussels have moved dramatically since the second quarter due to a severe correction and major stock market volatility.
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PropertyEU Archive
CBRE completes EUR 56m in deals to restructure portfolio
CB Richard Ellis Investors said on Monday that it has completed several transactions totalling £46 mln (EUR 56 mln) during September and October as part of its ongoing restructuring of its property portfolio.
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PropertyEU Archive
SNS PF makes four management appointments
SNS Property Finance, the second largest property financier in the Netherlands, has unveiled four management appointments that come into effect next month.
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PropertyEU Archive
Axa, EDF-Energies Nouvelles to develop solar power plant
AXA Real Estate Investment Managers (AXA REIM) is teaming up with EDF Energies Nouvelles to develop a solar power plant with photovoltaic panels. The plant will be integrated in the roof of a 88,000 m[sup]2[/sup] logistics complex which will be built by PRD on behalf of AXA REIM in Fos ...
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PropertyEU Archive
Sanahujas in talks with banks for debt-for-share swap
The Sanahuja family, owner of over 80% of Spain's debt-laden property firm Metrovacesa, is seeking to exchange its mountain of debt with its banks for company shares.
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PropertyEU Archive
Parquesol in talks with banks to reschedule debt
Madrid-based real estate firm Parquesol has begun debt restructuring talks with its banks. In a statement to the Spanish stock market regulator CNMV on Monday, Parquesol said the negotiations are aimed at adapting 'the company's financial structure of credit to the group's new business plan' which was recently adjusted to ...
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PropertyEU Archive
Qatari Diar eyes buyout of Chelsea Barracks
The property investment arm of Qatar's sovereign wealth fund is reportedly in talks to take over CPC Group's equity stake in the Chelsea Barracks development in London. According to several media reports, Qatari Diar Real Estate Investment has acquired an option to purchase CPC's equity stake in the joint venture ...
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PropertyEU Archive
Outlet centres significantly outperform traditional retail
Outlet centres are proving to be a booming segment for developers and retailers across Europe, according to new research presented at the third annual International Council of Shopping Centers (ICSC) Outlet Conference in London.
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PropertyEU Archive
CEO of HSH Nordbank steps down
HSH Nordbank, a major real estate financier in Germany, has announced that Hans Berger is stepping down as CEO. The move is an acknowledgement that the management board failed to anticipate the severe effect the credit crunch would have on the company.
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PropertyEU Archive
Coperfil RE develops large logistics park in Malaga
Spanish property developer and investor Coperfil Real Estate has announced plans to develop a large logistics park near Malaga in Southern Spain.
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PropertyEU Archive
Emerging Europe succumb to global turmoil - RICS
The real estate markets of Emerging Europe have experienced the largest slump in capital values of all the regions in the world. Some 46% more chartered surveyors reported a fall in capital values rather than a rise in the third quarter of 2008, compared to 1% reporting a rise in ...
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PropertyEU Archive
Red opens international office in London
Romanian real estate developer Red Projects has opened an office in London to source international development opportunities, investment finance, and retail and commercial tenants.
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PropertyEU Archive
Ikea to invest EUR 200m in Vila Nova de Gaia retail park
Ikea Group is to invest EUR 200 mln in the development of a new store and retail park in Vila Nova de Gaia in Northern Portugal. The company said that the scheme is due to open in the second half of 2012. António Machado, group director for Portugal, said the ...
