All Real Assets articles in Web Issue – Page 326
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PropertyEU Archive
Colliers appoints new boss of Serbian business
Real estate services provider Colliers International has announced the appointment of Maja Sahbaz as new General Manager of its business in Serbia. Colliers was the first international real estate services provider to enter the Serbian market after the political changes of November 2000. Its projects include Serbia's first business park ...
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PropertyEU Archive
Atrium set to launch buy-back programme, opens two malls in Poland
CEE shopping centre developer and investor Atrium European Real Estate said that it intends to propose a resolution to shareholders to authorise the buy-back of up to 50 million company shares. It added that the resolution will be voted on during an Extraordinary General Meeting (EGM) to be convened by ...
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PropertyEU Archive
Metrovacesa in talks to sell HSBC building back to bank - report
Spain's largest property company Metrovacesa is reportedly in talks to sell the HSBC building in London's Canary Wharf back to the bank as its £810 mln loan on the asset matures on Thursday, Bloomberg reported. According to the news agency, the two groups are negotiating the price for the sale ...
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PropertyEU Archive
CBRE opens new office in Bahrain
Global property services firm CB Richard Ellis Group has announced it is opening a new office in Bahrain, one of the financial services and real estate centres of the Middle East and North African region (MENA). The property advisor believes that the Gulf's real estate market continues to offer opportunities ...
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PropertyEU Archive
CEE on the sharp end of deleveraging, says DTZ
International banking groups with subsidiaries in Central and Eastern Europe (CEE) which have been hit by the financial crisis may spark a sharper-than-expected deleveraging process in CEE in 2009-2010, according to a new CEE Direct Investment Update report released by property services firm DTZ. Additionally, West European governments putting pressure ...
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PropertyEU Archive
Junction fund sells UK retail park for EUR 38m
UK property co-investing asset manager Capital & Regional has announced that the Junction Fund has agreed to sell the St Georges Retail Park in Leicester for £32 mln (EUR 38 mln) to help reduce the fund's debt.
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PropertyEU Archive
Hansainvest acquires UK logistics property for EUR 38m
German fund manager Hansainvest has acquired a logistics property in Leicester, UK for EUR 38 mln from Goodman Group. The asset was acquired on behalf of its Hansareal 1 institutional fund.
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PropertyEU Archive
German open-ended sector sees EUR 5 bn outflows in October - BVI
Investors withdrew almost EUR 5.1 bn from Germany's open-ended property funds in October, according to figures released on Wednesday by investment and asset management body BVI. This resulted in net inflows into the funds of only EUR 500 mln over the first 10 months of 2008.
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PropertyEU Archive
Unibail-Rodamco buys back 91,600 shares
Franco-Dutch real estate giant Unibail-Rodamco acquired 91,688 of its own shares in a buyback programme last week. The shares were bought in two tranches on 20 and 21 November at a weighted average price of EUR 98.59 for a total consideration of just over EUR 9 mln.
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PropertyEU Archive
Bouwfonds acquires multi-storey car park in Germany
A fund established by Bouwfonds Asset Management has acquired the largest multi-storey car park in the Germany city of Passau. The acquisition of the 950-place Zentralgarage brings the total value of the assets held by Bouwfonds European Real Estate Parking Fund to EUR 155 mln.
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PropertyEU Archive
UK retailer Woolworths files for administration
Iconic UK high-street retailer Woolworths is filing for administration following the collapse of talks on Wednesday evening to save the debt-laden business. The demise of 99-year-old Woolworths puts 30,000 jobs at risk, making it the largest retail failure in the UK for years.
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PropertyEU Archive
Raven Russia confirms key appointments
Raven Russia, the AIM-listed investor in Russian warehouses, has confirmed the appointment of Glyn Hirsch, as executive director and CEO, and Anton Bilton as executive deputy chairman.
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PropertyEU Archive
WestImmo appoints head for new research unit
WestImmo, the property arm of German regional bank WestLB, has named Dutchman Piet Kok (47) to lead its new business unit for real estate valuation and research.
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PropertyEU Archive
Hypo merges its two real estate banks
Troubled Hypo Real Estate Group has announced the completion of the merger between its two real estate banking units, Hypo Real Estate Bank International and Hypo Real Estate Bank.
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PropertyEU Archive
Hochtief signs tenants for Capital Square in Hungary
Hochtief Projektentwicklung's Hungarian unit has secured two more tenants for its Capital Square development in Budapest. Hungarian electricity provider Budapesti Elektromos Müvek Nyrt has signed up for almost 4,000 m[sup]2[/sup]. Another 1,500 m[sup]2[/sup] has been leased for the office services centre to be opened by FirstClients, a newly founded company ...
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PropertyEU Archive
Police raid Immofinanz, Immoeast as fraud probe deepens
Austrian police raided the premises of Austrian real estate groups Immofinanz and Immoeast on Tuesday as part of the ongoing investigation into suspicions of fraud and breach of trust at the companies.
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PropertyEU Archive
Savills financial director leaves
Mark Dearsley is stepping down from his position as group financial director of international property adviser Savills. The company said he is leaving to start a new career with specialist annuity provider Partnership Assurance, which was recently acquired by European private equity firm Cinven.
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PropertyEU Archive
Quintain's gearing spikes as valuations plunge
London-listed real estate company Quintain has seen its gearing ratio spiral from 60% to 90% in the six months to end-September due to a steep fall in valuations of its property portfolio. However, the company said it would continue to operate within its banking covenants.
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PropertyEU Archive
Multi's Forum Koszalin attracts 80,000 shoppers
Forum Koszalin, the largest shopping mall in the Western Pomeranian region of Poland, attracted 80,000 shoppers on the opening day last week, developer Multi Corporation announced in a press statement. The mall, with an investment value of EUR 138 mln, was opened on 27 November and comprises over 55,000 m[sup]2[/sup] ...
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PropertyEU Archive
Axa REIM buys 140,000 m[sup]2[/sup] logistics portfolio from Unibail-Rodamco
French investment fund manager Axa Real Estate Investment Managers (Axa REIM) has bought a portfolio of six logistics facilities in Madrid and Barcelona from Unibail-Rodamco for an undisclosed amount. The properties are earmarked for an investment fund managed by Axa.
