All Real Assets articles in Web Issue – Page 322
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PropertyEU Archive
London and New York face competition from other cities
London and New York still rank among the world's most successful cities, but face growing competition from other global cities such as Tokyo, Hong Kong, Paris, Shanghai, Dubai and Mumbai, according to a report released Tuesday by the Urban Land Institute. The report, entitled 'City Success: What do the global ...
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PropertyEU Archive
Hall to head Rockspring Hanover PUT
Patrick Hall has been appointed chairman of the Rockspring Hanover Property Unit Trust to replace Ron Spinney who died earlier this year. Hall has been a member of the investment advisory committee at Rockspring Property Investment Managers since 2001.
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PropertyEU Archive
UPP agrees EUR 178m dorms deal with Exeter University
Specialist student accommodation provider University Partnerships Programme (UPP) has struck a deal worth £150m (EUR 178 mln) with Exeter University in the UK.
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PropertyEU Archive
Tremon files for administration
Spanish real estate firm Tremon has filed for administration after failing to meet debt repayments. The privately held firm has accumulated close to EUR 1 bn in syndicated debt.
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PropertyEU Archive
Nexity-Entreprises sells project in Aix-en-Provence
French property firm Nexity-Entreprises has sold an office project to SAS Foncière Investissement, an investment subsidiary of bank Credit Mutuel Arkea for an undisclosed amount. The property, located in Aix-en-Provence, France, will consist of 3,190 m[sup]2[/sup] of lettable office space on two storeys as well as a parking lot with ...
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PropertyEU Archive
First energy cert awarded for European residential scheme
Portuguese property developer Grupo Andre Jordan said on Tuesday that it has received the first energy efficiency certificate in Europe for a residential project.
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PropertyEU Archive
New CEO seeks to get Immofinanz back on track
Immofinanz's new CEO Thomas Kleibl has introduced a package of measures to restore confidence in the crisis-hit listed Austrian real estate company. Kleibl took up the reigns at Immofinanz following the resignation of his predecessor Karl Petrikovics, who was forced out at the end of October. Petrikovics resigned following a ...
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PropertyEU Archive
Vastned O/I launches share buy-back plan
Rotterdam-based listed VastNed Offices/Industrial said on Tuesday that its management board has decided to use part of its available credit facilities to buy back up to 2 million company shares, about 9.6% of the company's share capital.
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PropertyEU Archive
Carlyle RE buys Terrazze di Vado mall in Liguria
Global private equity firm The Carlyle Group has signed a preliminary agreement to acquire the company that owns the retail development 'Le Terrazze di Vado'in Italy. The scheme is under construction in the municipality of Vado Ligure, in the province of Savona.
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PropertyEU Archive
EMEA dominates retail hotspot rankings - CBRE
Thirty-three of the top 50 most expensive retail destinations are in the Europe, Middle East and Africa (EMEA) region, according to new research from CB Richard Ellis. Cities in EMEA also dominate the list of locations with the fastest-growing retail rents, CBRE said in its latest Global Retail Rents Survey.
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PropertyEU Archive
Eurohypo unveils management changes
German commercial property lender Eurohypo has appointed Stefan Schmittmann, a member of Commerzbank's board of managing directors, as chairman of the bank's supervisory board. Schmittmann succeeds Klaus-Peter Müller, who is stepping down.
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PropertyEU Archive
Limited debt slows French investment
The combination of the lack of available debt and the dislocation of expectations between buyers and sellers has resulted in first-half real estate investment volumes falling by more than half to EUR 10.2 bn in France.
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PropertyEU Archive
Orco founder sells most of his stake as shares plummet
Orco Property Group's CEO Jean-Francois Ott has seen his personal stake in the company he founded slashed from 10% to 1.6%. Ott said in a statement on Tuesday that the bank that financed his investment vehicle, Ott & Co., was forced to sell Orco shares after a steep fall in ...
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PropertyEU Archive
Italian out-of-town retail remains healthy - Savills
Retailer demand continues to be strong in Italy, particularly from international chains such as Fnac, Footlocker and Zara, despite lower consumer confidence triggered by the global economic downturn, according to a research report issued by Savills on Tuesday.
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PropertyEU Archive
Rockspring sells in Montpellier
HypoVereinsbank's investment subsidiary Internationales Immobilien-Institut has acquired the City Plaza officer building in Montpellier, France from UK investor Rockspring. The property, which consists of 4,000 m[sup]2[/sup] of new office space, was sold for close to EUR 10 mln. The asset was developed by Groupe Lazard's construction arm.
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PropertyEU Archive
McArthurGlen to add 126,000 m[sup]2[/sup] by end 2010
McArthurGlen Group plans to open a further five new schemes in Europe over the next two years, adding 126,000 m[sup]2[/sup] of gross leasable area (GLA) to its existing portfolio of 17 outlets covering more than 400,000 m[sup]2[/sup]. The new schemes are planned for Venice, Berlin, Salzburg, Naples and Athens.
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PropertyEU Archive
Redevco acquires 2nd stage of Vienna retail warehouse park
Redevco Central Europe has announced the acquisition of the second phase of the Seyringer Spitz retail warehouse park in the north of Vienna from Austrian developer MID. The purchase price for the second phase, totalling 3,345 m2, was EUR 6.6 mln.
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PropertyEU Archive
Retail accounts for quarter of European deals in first nine months
Retail transactions totalling EUR 6.2 bn were completed in Europe during the third quarter of 2008. Germany, the UK and the Nordics were the most active markets, together accounting for almost 70% of completed deals by value, according to John Welham, head of European Retail Investment at CB Richard Ellis.
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PropertyEU Archive
AMB curtails development to strengthen liquidity
AMB, a global developer and owner of industrial property, is trimming its $1.6 bn development pipeline amid the global financial crisis. New York-listed AMB said this week that it will only proceed with fully committed projects or previously negotiated build-to-suit agreements until the financial markets stabilise.
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PropertyEU Archive
GPT Halverton appoints new managing director for Germany
GPT Halverton, a pan-European real estate investment manager, has appointed Joachim Mozoni-Frosconi as the firm's new managing director for Germany. Mozoni-Frosconi has more than 16 years experience in the management of real estate through various senior management positions at major German banks and financial institutions. Prior to joining GPT ...
