All Real Assets articles in Web Issue – Page 323
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PropertyEU Archive
Valad's Marcus Shepherd joins Aviva as CFO
International asset manager Aviva Investors has announced the appointment of Marcus Shepherd as real estate finance director. Shepherd will join Aviva Investors in January from Valad Property Group where he was chief financial officer for Europe.
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PropertyEU Archive
Retail chains dominate Dutch high streets, but rents stagnate
New international entrants are helping to bolster demand for space in Dutch cities, and up to 90% of all stores in high streets across the country belong to retail groups, broker Savills has said in its latest retail report on the Netherlands.
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PropertyEU Archive
Woolworths shares plunge as it confirms talks to sell stores
UK high street retail chain Woolworths saw its shares fall by almost 40% on Wednesday as already nervous investors were further spooked by the rumour that the company may be ready to sell off its 815 stores in the country for a nominal fee of £1.
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PropertyEU Archive
Raven Russia confirms Smith as executive director and COO
AIM-listed warehouse investor Raven Russia has confirmed the appointment of Colin Andrew Smith as executive director and chief operating officer. The move was originally signalled at end-July as part of the internalisation of Raven Russia's property management company.
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PropertyEU Archive
Fewer firms willing to pay extra for green space now - CoreNet/JLL
More corporate real estate executives see energy and sustainability as a business priority but are less likely to pay a premium for green office space than they were a year ago, according to a new survey conducted by CoreNet Global and Jones Lang LaSalle.
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PropertyEU Archive
High-streets to dominate German market this year - JLL
High-street retail deals will dominate the German investment market this year as liquidity shortages in the country impact on the average transaction size, says Gerhard Kemper, international director at Kemper's Jones Lang LaSalle Retail in an interview with PropertyEU. 'The investment market is very much dependent on the financing climate ...
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PropertyEU Archive
PwC Legal expands real estate team
PricewaterhouseCoopers Legal has recruited four professionals to strengthen its real estate unit. The 10-strong real estate team will be led by Simon Hardwick with Adam Perry, Tim Hart and Amanda Crowe, who have all joined PwC Legal as partners from Halliwells.
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PropertyEU Archive
World's main shopping streets 'resilient' to global squeeze
The world's main shopping streets are proving largely resilient to the global economic downturn, according to Cushman & Wakefield. In its 23rd annual Main Streets Across the World report - published on the first day of the Mapic retail real estate fair in Cannes on Wednesday - the broker revealed ...
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PropertyEU Archive
British Land portfolio sheds £1.4bn in value
UK REIT British Land said it has seen the value of its portfolio plummet by 10.8%, or £1.4 bn, to £11.6 bn (EUR 13.8 bn) in the six months ending September 30, 2008.
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PropertyEU Archive
Zublin sees 10.4% drop in French portfolio
Swiss property investor Züblin said the value of its real estate portfolio dropped CHF 100 mln (EUR 66 mln), or 5.2%, to some CHF 1.8 bn in the first six months of its fiscal year ending September 30.
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PropertyEU Archive
Hansteen spends EUR 18m in Germany, the Netherlands
European industrial property investor Hansteen said it has purchased three properties in Germany and the Netherlands for a total EUR 18.2 mln. The deal reflects an initial yield of 8.4%. The assets generate a combined rent of EUR 1.52 mln.
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PropertyEU Archive
Finalists for 2009 European Shopping Centre Awards
CANNES, FRANCE (20 November 2008) - Entries for ICSC Europe’s 2009 European Shopping Centre Awards competed in six categories: Small New Centres (up to 25, 000 m2), Medium New Centres (26,000 - 40, 000 m2), Large New Centres (41,000 - 80, 000 m2), Very Large Centres (81,000 m[sup]2[/sup] upwards), Refurbishment ...
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PropertyEU Archive
Europe's 'Big 5' set to recoup retail market share in 2009
The 'Big Five' countries of core Europe - France, Germany, Italy, Spain and the UK - are set to recapture their retail investment market share in 2009, according to new research released by Jones Lang LaSalle at the Mapic retail property fair on Thursday.
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PropertyEU Archive
European retail sector to recover from 2010 - ING
Retail market fundamentals have shown signs of contraction since the second half of 2007 with consumer confidence declining notably in Spain, Switzerland, Denmark, the UK and Sweden, according to ING's European Retail View research report released at the Mapic retail property fair in Cannes on Thursday. The Central and Eastern ...
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PropertyEU Archive
Union Investment to spend EUR 270m on Hamburg revamp project
German investor Union Investment said on Thursday that it has been granted planning permission to refurbish the landmark Unilever building at Dammtorwall 15 in central Hamburg. The company plans to add a separate new building featuring a hotel, apartments and office space alongside the office tower, which was built in ...
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PropertyEU Archive
Plaza Centers may cut development pipeline by 81%
Plaza Centers, the emerging markets shopping centre developer, said it could freeze up to 26 of its 32 projects, or over 81% of its development pipeline, in light of the ‘extraordinary market conditions.’ In a management statement for the three months ended September 30, Plaza Centers said that it has ...
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PropertyEU Archive
CBRE: German funds will be back
German open-ended funds, which have been forced to halt redemptions temporarily, will start returning to the market towards the end of the second half of 2009, predicts Nick Axford, head of research at the world's biggest adviser CB Richard Ellis. 'The underlying confidence in the sector is still good,' he ...
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PropertyEU Archive
Chamartin-Meermann puts Berlin project on hold
German developer Chamartin Meermann Immobilien is reportedly shelving construction of its Pergamon-Palais flagship development in Berlin due to challenging financial market conditions.
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PropertyEU Archive
Electrical goods book biggest fall in turnover
Electrical goods stores are suffering the most from the global financial crisis with average turnover down 2.5%, according to Josep Camacho, director of Eurocommercial Properties. Other sectors will also be hit, he added. 'With the recession, retailers will see negative to no turnover growth,' he said during an investment panel ...
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PropertyEU Archive
Turkey still a bright spot for retail property
Turkey is one of the bright spots for the European retail property sector, according to Boris van Haare Heijmeijer, partner retail services at adviser Cushman & Wakefield. 'The demographic and economic growth figures are good, also in the longer term. Turkey has a young and dynamic population. And while economic ...
