All Real Assets articles in Web Issue – Page 320
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PropertyEU Archive
JLL names Quint as head of German business
Jones Lang LaSalle has named Andreas Quint as the new CEO of the broker's operations in Germany to replace Christian Ulbrich who takes over as the head of the EMEA division from January 2009.
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PropertyEU Archive
Segro launches two business parks in Ile-de-France
UK REIT Segro said on Wednesday that its French arm is adding two new business parks in de Ile-de-France region around Paris. The parks add to the 35,000 m[sup]2[/sup] Carré des Aviateurs in Blanc-Mesnil, Segro's first park in France.
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PropertyEU Archive
Tim Millard joins C&W's cross-border capital markets
Global property adviser Cushman & Wakefield (C&W) has announced that Tim Millard, a partner in its Moscow office, is transferring to its cross-border capital markets team with specific responsibility for Central and Eastern Europe. The CEE region covers principally Russia and Poland, together with Ukraine, the Czech Republic, Hungary, Romania ...
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PropertyEU Archive
Schwartz resigns as CEO and chairman of Prologis
Prologis announced on Wednesday that Jeffrey Schwartz has resigned as the company's chairman and CEO. Walter Rakowich, a former president and chief operating officer, replaces Schwartz as CEO of the Denver-based global owner, manager and developer of distribution facilities. Stephen Feinberg, the board's lead trustee, assumes the role of ...
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PropertyEU Archive
Land Securities stops demerger, names new chairman
Land Securities, the largest real estate investment trust in the UK, has confirmed that it has put its plans to demerge into separate listed companies for retail and London offices on hold. The company has also named Alison Carnwath, (55) as the new chairman to replace Paul Myners who left ...
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PropertyEU Archive
RTM suspends newer schemes, plans sell-off
Moscow-based developer RTM Group has temporarily suspended investment in projects that are still at an early stage and plans to sell up to $300 mln (EUR 240 mln) of properties to reduce debt.
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PropertyEU Archive
Dutch group SNS Reaal gets EUR 1.25 bn 'buffer'
Banking and financial services group SNS Reaal is to receive EUR 750 mln from the Dutch state, plus a further EUR 500 mln from its controlling foundation. The firm emphasised that its business was sound and that the extra liquidity should be seen as an extra 'buffer' against a potential ...
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PropertyEU Archive
ECE opens 100th shopping centre
ECE, the German inner-city mall specialist, is due to open the EUR 100 mln Arkady Pankrac shopping centre in Prague on Friday. The shopping centre was built in a partnership between French-Dutch property giant Unibail-Rodamco and ECE and is ECE´s 100th mall in Europe.
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PropertyEU Archive
German property prices rising, but still below 2007 level
Prices of German residential and commercial buildings have risen 5.2% since the start of the year, but still trail last year's level, according to the latest Real Estate Price Indicator produced by property investment group Estavis.
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PropertyEU Archive
Colonia sells hotel portfolio for EUR 24m
Cologne-based Colonia Real Estate has sold its hotel portfolio of three German assets to two unnamed foreign investors for EUR 24 mln. Colonia said the price reflected the current fair market value of the properties. The cost basis for the hotels, which were acquired in 2004, was about EUR 22 ...
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PropertyEU Archive
IVG eyes EUR 350m in property sales, shelves REIT
German real estate giant IVG aims to dispose of EUR 350 mln of property by the end of 2008 to help meet its 2008 target of a EUR 1bn reduction in debt.
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PropertyEU Archive
TAG Immobilien reports 37% increase in revenue
Hamburg-based TAG Immobilien said its revenues rose 37% to EUR 80 mln in the first nine months of 2008 compared to EUR 50 mln in the same period last year.
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PropertyEU Archive
Bouwfonds acquires French residential project
Bouwfonds European Residential, a German open-ended fund created by Bouwfonds Asset Management of the Netherlands and Catella Germany, has made its first acquisition in France.
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PropertyEU Archive
Credit Suisse property fund to list after capital raising
Credit Suisse has announced that its PropertyPlus fund has raised CHF 304 mln (EUR 204 mln) in new funds through a rights issue and that all the fund's units will be listed on the SIX Swiss Exchange on 19 November 2008.
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PropertyEU Archive
ZBS to build first open-air mall in Bulgaria
Developer and asset manager ZBS is to begin construction of the first open-air shopping centre in Bulgaria and the Balkan region in March next year.
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PropertyEU Archive
Cannes gears up for retail spree
At least 10,000 delegates are expected in Cannes on the French Riveria next week for the 14th edition of the Mapic international retail real estate market.
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PropertyEU Archive
NCC to establish residential development unit
NCC, the Swedish construction and property development company, has announced it is creating a specialist unit to manage residential development.
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PropertyEU Archive
Poland's Echo reaches Romania
Polish real estate Echo Investments has announced details of its new EUR 150 mln Korona shopping centre project in Transylvania, the developer-investor's first Romanian investment.
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PropertyEU Archive
FdR to launch OPCI vehicle, seals EUR 240m refinancing
French property group Fonciere des Regions (FdR) expects to receive approval from the French financial market authority by the end of the year for the creation of an OPCI (Organisme de placement collectif en immobilier) management company.
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PropertyEU Archive
Metrovacesa posts EUR 41m loss for first nine months
Spain's largest real estate company Metrovacesa has swung into the red with a net loss of EUR 41.5 mln in the first nine months of 2008 from a net profit of EUR 1.08 bn a year earlier. Total revenue stood at EUR 1.13 bn for the first nine months, up ...
