All Real Assets articles in Web Issue – Page 327
-
PropertyEU Archive
Union Investment acquires a 13 storey tower in central Tokyo
Hamburg-based Union Investment Real Estate has purchased the Duplex Office Tower in Tokyo's famous Shibuya ward. The new property with a gross floor area of over 9,000 m[sup]2[/sup] was the first transaction on behalf of Union Investment's open-ended real estate fund UniImmo: Europa in Tokyo for some EUR 130 mln. ...
-
PropertyEU Archive
Warimpex boosts revenues by 23% in the first three quarters of 2008
Vienna-based developer Warimpex Finanz- und Beteiligungs AG saw total revenues, EBITDA and EBIT all rise significantly in spite of the adverse conditions on the international real estate markets and the repercussions of the financial crisis. Nevertheless, net profit tumbled to EUR 2 mln from EUR 11.5 mln a year ago ...
-
PropertyEU Archive
Orco sees losses widen in Q3
Orco Property Group has cut its full-year revenue outlook as the global financial crisis continues to hit Central Europe's housing markets. The Luxembourg-registered developer saw revenue rise 5.7% to EUR 225.6 miln in the first nine months this year from the year-earlier period but booked a net loss of EUR ...
-
PropertyEU Archive
F&C fund to buy Dawnay Day for £600m
F&C Reit Asset Management is poised to buy the £600 mln (EUR 725 mln) Dawnay Day property empire out of administration, according to a report in the Financial Times. The deal will mark the first deal for F&C’s recently formed property business F&C Reit Asset Management.
-
PropertyEU Archive
Helaba provides EUR 68m financing for Europolis in Prague
German regional bank Helaba has structured and concluded a EUR 68 mln financing of the Kavci Hory office park in Prague for an affiliate of asset manager Europolis. Helaba is acting as sole arranger and lender through its Real Estate Finance Northern and Central Europe unit, it said on Friday.
-
PropertyEU Archive
Metrovacesa to sell HSBC HQ back to bank for £838m
Metrovacesa, Spain's largest property group, is seeking to sell the HSBC headquarters in London's Canary Wharf back to the bank for £838 mln (EUR 1.1 bn), just over one year after buying the asset in a sale-and-leaseback transaction for £1.1 bn (now EUR 1.3 bn).
-
PropertyEU Archive
Helical enthusiastic about opportunities during crisis
Helical Bar, the UK listed developer and investor, is markedly upbeat in its report for the six months to end-September, in stark contrast to peers such as Quintain.
-
PropertyEU Archive
ECE, Lamda open second shopping centre in Athens
A joint venture of developers ECE and Lamda Development said on Friday its Golden Hall shopping centre has opened its doors in the Maroussi municipality of Northern Athens. The mall offers over 130 shops, restaurants on a leasing area of around 41,000 m[sup]2[/sup] and an underground parking area for 1,400 ...
-
PropertyEU Archive
Reita: UK bank funding seen falling further
No less than 62% of UK property experts believe that the availability of funding from banks and their willingness to refinance property loan books has deteriorated in the last few weeks, according to a quarterly update from Reita, the education and awareness campaign for property investment and REITs.
-
PropertyEU Archive
Cushman & Wakefield gets new managing partner in Netherlands
Jan-Willem Bastijn will succeed Baldwin Poolman on 1 January 2009 as Managing Partner of Cushman & Wakefield´s operations in the Netherlands, the Amsterdam-based company announced on Friday.
-
PropertyEU Archive
Degi suspends Mall of Sofia deal pending economic review
German fund manger Degi has postponed the acquisition of the Mall of Sofia shopping centre from GE Real Estate and Quinlan Private, saying it wants to reassess the situation in light of the rapidly worsening economic situation worldwide. The potential transaction volume for the deal agreed provisionally in October was ...
-
PropertyEU Archive
JLL sees a ray of light in medical travel sector
The multi-billion dollar medical travel sector could become an important new source of demand when traditional demand drivers are under increasing threat, according to JLL Hotels' most recent research report. The property services firm belives that the medical travel sector has potential to develop into a lucrative niche market for ...
-
PropertyEU Archive
Multi to redevelop 18,000 m[sup]2[/sup] retail site in the Netherlands
Multi Corporation said on Thursday it has reached agreement with the authorities in the Dutch city of Gouda to redevelop a 18,000 m[sup]2[/sup] site into a shopping complex offering space to both large and smaller retail chains.
-
PropertyEU Archive
Freo's opportunity fund raises EUR 161m in final closing
Luxemburg private equity real estate asset manager Freo Investment Management Sarl has announced the final close of its Freo Germany Partners II fund which raised EUR 161 mln of capital from seven institutional investor groups in Europe, Asia and the USA. Jones Lang LaSalle's Corporate Finance team advised Freo on ...
-
PropertyEU Archive
Sistema-Hals gets EUR 200m credit line, restructures debt
Russian real estate company Sistema-Hals has announced that it has secured a credit facility for RUB 7 bn (EUR 197 mln) from state-controlled lender VTB and changed the terms for existing agreements with the bank. Sistema-Hals denied in mid-October that it faced any difficulty in financing its short-term debt, and ...
-
PropertyEU Archive
Maxim Gasiev becomes COO at Colliers International
Maxim Gasiev has been appointed chief operating officer (COO) at Colliers International. He is responsible for managing operating activities of the company, attracting new business, providing services to key clients and overseeing major projects.
-
PropertyEU Archive
Colliers calls for slowing of development boom in Budapest
Office tenants in Budapest are set to benefit from a development boom which will deliver 350,000 m[sup]2[/sup] of new space onto the market in 2009, according to Colliers International Hungary. But developers and owners will have a more difficult time as the global economic slowdown dampens down demand. Therefore, some ...
-
PropertyEU Archive
ING REIM buys shopping centre project in Enschede
DnA, a partnership between housing corporation Domijn and developer AM Vastgoedontwikkeling, has reached agreement with ING REIM on the sale of the Sterrenhof shopping centre project in the Twekkelerveld district of Enschede, the Netherlands. Under the deal, the joint venture will develop a total of 7,000 m[sup]2[/sup] of retail space, ...
-
PropertyEU Archive
Deadline missed for payment in Colindale deal - Dev Secs
Development Securities, the UK development and investment company, has confirmed that the investor who agreed to buy the Oriental City asset in London has not met the deadline to settle the outstanding loan notes despite three extensions of the payment schedule.
-
PropertyEU Archive
LSR suspends commercial property pipeline in Russia
Moscow-listed LSR Group has postponed the launch of all new commercial property projects due to the world financial crisis, following the example of several other major Russian real estate developers.
