All Real Assets articles in Web Issue – Page 319
-
PropertyEU Archive
Kiev market to see falling rental rates in 2009 - CBRE
The Kiev office property market will experience a downturn of business activity in 2009 which might lead to a decline in rental rates, CB Richard Ellis has said in its latest Kiev Office Property Forecast. World financial crisis has affected Western European property markets and its echoes are becoming ...
-
PropertyEU Archive
OJSC RTM reports EUR 50m pre-tax profit
Moscow-based retail developer OJSC RTM has reported pre-tax profit of $49.9 mln (EUR 40 mln) for the first six months of 2008. Net income came to $34.7 mln.
-
PropertyEU Archive
Aedes looks for plan B as finance source walks away
Italian property company Aedes said on Tuesday that it is considering other options to shore up its shaky finances after investment company Sopaf pulled out of talks on a deal under which it would have taken a stake in the debt-laden property firm.
-
PropertyEU Archive
EPF calls for EU energy certificate for all buildings
The European Property Federation (EPF) is lobbying the European Commission to introduce a unified energy certification system for the European Union. Michael MacBrien, director of Brussels-based lobby group EPF, believes a single EU-wide system is essential, given the cross-border nature of the property industry. 'Right now everybody has a difference ...
-
PropertyEU Archive
Colliers to market BVIC's new Athens Votanikos mall
Athens-based listed developer Babis Vovos International Construction (BVIC) has announced a new partnership and advisory agreement with property advisor Colliers International regarding its new shopping center in the Votanikos area of Athens. Under the deal, Colliers International will be advising BVIC on tenant mix, rent levels, leasing and other related ...
-
PropertyEU Archive
Bank Sabadell to offload real estate portfolio
Spanish bank El Sabadell has reportedly hired a property consultant to organise the sale of half of its 1,250 office-property portfolio across Spain. According to Spanish paper El Pais, the bank is looking to realise capital gains of EUR 600 mln from the disposal. Banco Sabadell hopes to broker a ...
-
PropertyEU Archive
LaSalle IM bolsters Global Client Services team
LaSalle Investment Management (LaSalle) announced on Monday that Libby Montgomery has rejoined the firm's Global Client Services team. She will focus on raising capital from investors in Italy and Spain, two markets of increasing importance to LaSalle's global business.
-
PropertyEU Archive
UK sees record level new shopping centre space
New shopping centres equivalent in size to more than six Bluewater super malls will have opened in the UK by the end of 2008, Cushman & Wakefield (C&W) has said in its latest UK Shopping Centre Development report.
-
PropertyEU Archive
Germany suspends privatisation of real estate firm
The German federal government has frozen its plans to privatise TLG Immobilien, the largest owner of commercial and residential real estate in the east of the country.
-
PropertyEU Archive
MIT joins the European Property Federation
The Federation of Hungarian Real Estate Associations (MIT) has become a member of the European Property Federation (EPF). The governing bodies of both organisations approved the move recently.
-
PropertyEU Archive
Rents to fall in Western European markets - King Sturge
Retail prime rents will fall in many Western European markets while they are expected to continue rising in most emerging economies, according to the European Retail Property Market 2009 research report released this week by property advisor King Sturge.
-
PropertyEU Archive
Rezidor to open Park Inn in Tolstoy's hometown
Rezidor Hotel Group has announced that its 190-room Park Inn in the Russian city of Tula will open in the first quarter of 2011. The addition of the Park Inn Tula will bring Rezidor's holdings in Russia and the CIS countries to 38 hotels and more than 9,500 rooms in ...
-
PropertyEU Archive
EU to pump EUR 120bn into urban projects
The European Commission (EC) is providing up to EUR 120 bn to European urban projects over the next five years to promote sustainable investment and growth in urban areas, Gianni Carbonaro, economic advisor at the European Investment Bank, has told PropertyEU. The capital will be made available in the 2007-2013 ...
-
PropertyEU Archive
AMB Property leases 6,290 m[sup]2[/sup] near Amsterdam
AMB Property Europe, the European arm of global distribution group AMB Property Corporation, is developing a 6,290 m[sup]2[/sup] distribution facility for pet and farm animal health care group IDEXX Laboratories in Hoofddorp, a submarket of Amsterdam Airport Schiphol. The build-to-suit project, named AMB President Distribution Center, will be used to ...
-
PropertyEU Archive
Hypo RE posts EUR 3bn pre-tax loss in Q3
German commercial bank Hypo Real Estate has reported a third-quarter pre-tax loss of about EUR 3.1 bn as a result of the 'worsening global financial crisis.' The bank, which recently received a EUR 50 bn lifeline from the German government and the private sector, said that the negative result is ...
-
PropertyEU Archive
Aldi to add 35 stores in Ireland
German discount retailer Aldi has announced plans to invest EUR 350 mln to open 35 new stores in Ireland over the next three years. Aldi entered Ireland in 1999 and now has 59 outlets in the country, giving it a 4.5% share of the local grocery market. The retailer claims ...
-
PropertyEU Archive
Citycon invests EUR 60m in redeveloped Finnish mall
Finnish shopping centre group Citycon said its Trio shopping centre opened on Wednesday after an extensive redevelopment costing around EUR 60 mln. The mall - Citycon's largest development project in Finland - comprises 50,000 m[sup]2[/sup] of almost fully leased space, Citycon said. The company is also planning the commercial development ...
-
PropertyEU Archive
Land Securities appoints Alison Carnwath as chairman
Land Securities has announced the appointment of Alison Carnwath as chairman of the group. Carnwath, (55), is chairman of M F Global and has been a non-executive director of Land Securities since September 2004. Carnwath's appointment follows the resignation of Paul Myners from the position of chairman on 3 ...
-
PropertyEU Archive
ING RE's net profits approach zero in first nine months
ING Real Estate has seen its net profits tumble following a sharp devaluation of its investment portfolio. ING RE, a unit of listed Dutch financial group ING, is reporting net profit of EUR 1 mln for the first nine months of 2008, down from EUR 362 mln in the same ...
-
PropertyEU Archive
Prime malls still attractive investment
Investment activity in real estate markets has dropped to 2004/05 levels, according to Nick Axford, head of EMEA Research and Consulting at CB Richard Ellis. Axford was speaking at the 2008 International Council of Shopping Centres' Research Conference in Rome last week, attended by a record number of delegates from ...
