All Real Assets articles in Web Issue – Page 324
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PropertyEU Archive
Rockspring confirms purchase of Cadiz mall
UK investor Rockspring confirmed on Thursday that it has acquired the Tres Caminos retail park located in Puerto Real, Cádiz. The deal, which was reported by PropertyEU at the end of October, represents an investment of over EUR 20 mln. The company was advised by Savills. The seller was not ...
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PropertyEU Archive
Hans van der Linden named as Rabo's new property chief
Dutch cooperative bank Rabobank Nederland plans to appoint Hans van der Linden (57) as the new board chairman of its real estate arm Rabo Real Estate (formerly Rabo Bouwfonds). Van der Linden, who previously held senior management positions within Rabobank Nederland, will take up his new post on February 1, ...
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PropertyEU Archive
El Corte Ingles starts work on Spain's largest fashion mall
Spain's leading fashion retailer, El Corte Ingles, said on Thursday it has started construction work on a 39,000 m[sup]2[/sup] store at Puerto Venecia, Zaragoza. Occupying six floors, the store will anchor Spain's largest dedicated fashion mall with 73,000 m[sup]2[/sup] of retail space hosting brands such as Primark and Desigual among ...
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PropertyEU Archive
Retail rents set to decline in Madrid, Milan and London - King Sturge
Prime retail 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 report issued by King Sturge at the Mapic retail fair. The report cites 2009 as the year of the squeeze for ...
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PropertyEU Archive
ING RE sees growth in shopping mall refurbishments
Dutch property giant ING Real Estate said it sees shopping centre refurbishment becoming one of the major components of its retail development pipeline, adding to its current focus on major regeneration projects across Europe.
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PropertyEU Archive
Settimo Sviluppo to launch Northern Italy's largest retail park
Italy's Settimo Sviluppo has unveiled plans to develop a 91,000 m[sup]2[/sup] retail park in Settimo Torinese, on the outskirts of the Italian city of Turin. The Settimo Cielo scheme will become the largest retail park in Northern Italy after completion in 2011.
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PropertyEU Archive
Top deals Week 47 (17- 21 November 2008)
The largest deal recorded by PropertyEU between 17 and 21 November was the EUR 280 mln transaction under which US bank JPMorgan (JPM) is to relocate its European headquarters to London's Canary Wharf from the City of London. The financial group is buying the 999-year leasehold interest from Canary ...
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PropertyEU Archive
ICSC reveals finalists for 2009 European Shopping Centre Awards
The International Council of Shopping Centers Europe (ICSC Europe) has announced that 18 centres out of a record 41 entries from 19 countries have made it onto the shortlist of finalists for the 2009 European Shopping Centre Awards. The short list was unveiled last week at the Mapic retail real ...
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PropertyEU Archive
London Cambridge, Ficon to build 25 malls in Poland
The Polish subsidiary of London Cambridge Properties (LCP) and Berlin-based Ficon Consulting & Real Estate have signed a framework agreement to develop 25 shopping centres in Poland over the next 10 years. Ficon's Polish special purpose vehicle Sunpoint Invest is also a signatory to the deal.
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PropertyEU Archive
Retail sector braces for a tough year
After the unprecedented meltdown of the global financial sector, property professionals appeared to be in a mood of quiet resignation at the Mapic retail fair in Cannes last week. While official visitor figures have not yet been released, the impression of many attendees was that numbers were down on previous ...
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PropertyEU Archive
Property companies embrace seniors
Europe's politicians are increasingly fretting about the greying of the Continent's population but real estate investors are discovering a new found love for senior citizens.
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PropertyEU Archive
Europe's tallest tower project 'mothballed' due to crisis
The construction of the 612-metre Russia Tower, which would be the tallest structure in Europe, has been suspended because of the severe effect of the global financial crisis on the real estate development sector in Russia.
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PropertyEU Archive
Crisis hits mid-market retailers the hardest
Fashion retailers in the middle-of-the-road segment are most at risk in the current economic malaise, according to Mark Burlton, partner retail services at adviser Cushman & Wakefield. 'The mid-market is under greatest pressure and some chains will inevitable collapse. Without doubt, discounters are better placed to benefit from the downturn,' ...
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PropertyEU Archive
Extreme and DDG in 'Leisuretainment' venture
London-based lifestyle company, the Extreme Group, has teamed up with Baltimore-based Development Design Group to roll out Extreme's range of 'leisuretainment' facilities in retail malls in Europe, the Middle East, Asia and the US. The joint venture is targeting anchor retail malls, mixed-use and entertainment developments with such facilities as ...
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PropertyEU Archive
Prologis to build 16,000 m[sup]2[/sup] facility in Poland
Prologis, the largest operator of distribution facilities in the world, announced on Monday that it will develop around 16,000 m[sup]2[/sup] of industrial space in Warsaw for Raben Polska, the Polish division of the logistics services provider Raben Group. The new facility will be located within Prologis' Park Blonie II, a ...
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PropertyEU Archive
HSH receives EUR 30b in state guarantees, Hypo gets EUR 20b
German regional bank HSH Nordbank said on Monday it is to have access to up to EUR 30 bn in governmental guarantees from SoFFin, the German financial market rescue fund.
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PropertyEU Archive
Fundbox SGFII buys 4 commercial assets for EUR 47m
Portugal's Fundbox SGFII has announced the acquisition of four commercial real estate assets in the country for EUR 47 mln. The Portuguese fund manager is making the acquisitions on behalf of its Sertorius property investment fund, which owns a portfolio of 11 office and retail properties in the country worth ...
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PropertyEU Archive
ING RE appoints Scott Dwyer to key position in CEE
ING Real Estate announced on Monday that Scott Dwyer (44) has been appointed general manager responsible for its development business in Poland, Germany, the Czech Republic and Romania. He will also be a member of the European management team and will be based in the Netherlands and Poland. Dwyer takes ...
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PropertyEU Archive
Victoria Square wins urban regeneration award
Dutch development group Multi Development announced that its flagship Victoria Square scheme in Belfast was awarded the Urban Regeneration Initiative of the Year Award at the Mapic retail property fair held in Cannes last week. The award was presented to the Department for Social Development (DSD) Northern Ireland, which worked ...
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PropertyEU Archive
Credit crisis slows BNL Fondi's disposal programme
Italian fund manager BNL Fondi Immobiliari has asked the Bank of Italy for a three-year extension on the disposal of the real estate portfolio held by its listed closed-end fund Portfolio Immobiliare Crescita. Launched in 2001, the property investment vehicle was initially due to close by the end of this ...
