All Real Assets articles in Web Issue – Page 331
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PropertyEU Archive
Retail pipeline freezes in the UK - CBRE
Construction of both shopping centre and retail warehouse park floorspace in the UK has declined by 40% from the peaks recorded in 2007 and 2004 respectively. The total amount of shopping centre floorspace under construction in November comes to 735,000 m2, down 40% on the 1.2 million m[sup]2[/sup] peak recorded ...
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PropertyEU Archive
ECE signs first management mandate in Switzerland
Swiss investor Tivona Group Real Estate has awarded the management contract for its Stücki Shopping Center in Basel to Hamburg-based ECE. This is the first management and leasing contract for the German shopping centre group in Switzerland.
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PropertyEU Archive
Transaction volumes plummet in Finland - KTI
Transaction volumes in the Finnish real estate sector so far in 2008 are significantly down on the bumper period between 2006-2007, according to Finnish property research organisation KTI.
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PropertyEU Archive
DHVG leases 22,000 m[sup]2[/sup] to Kuehne + Nagel
Logistics group Kuehne + Nagel Logistics has agreed to take a five-year lease for 22,000 m[sup]2[/sup] of logistics space in the Distripark Sittard park which is being developed in Born, Limburg, by Dutch builder DHVG. DTZ Zadelhoff's logistics team advised DHVG. The company has agreed to pay a rent of ...
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PropertyEU Archive
Patrizia purchases 1,000 apartments in Sweden
Frankfurt-listed Patrizia has purchased 1,018 residential units in Greater Stockholm in its first acquisition in Sweden for its special real estate fund 'PATRIZIA Euro City Residential Fund I'. The properties have a total floor space of 94,000 m[sup]2[/sup].
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PropertyEU Archive
Hypo gets extra EUR 10bn in guarantees from rescue fund
Troubled German property financier Hypo Real Estate Group has secured an additional EUR 10 bn in liquidity guarantees from the state stabilisation fund Soffin. The new arrangement comes on top of EUR 20 bn in guarantees already agreed with Soffin.
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PropertyEU Archive
Mapic sees attendance numbers drop 10%
The Mapic retail fair in Cannes last November attracted a total of 9,550 participants, marking a decline of 10% on last year's figure, fair organiser Reed Midim announced on Wednesday. The UK accounted for the bulk of the decrease, a spokeswoman said. 'We saw a fall in the number of ...
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PropertyEU Archive
Romanian electronics retailer takes 9,300 m[sup]2[/sup] from Prologis
Prologis has leased 9,3000 m[sup]2[/sup] of distribution space in Bucharest to Flamingo Group, one of Romania's largest electrical retail and IT distribution companies.
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PropertyEU Archive
UK All Property yield hits 8.2% - CBRE
Commercial property investment in the UK has opened up an historic 440 basis-point yield spread over government bonds, according to the CB Richard Ellis Monthly Index for November.
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PropertyEU Archive
ZBS gears up EUR 200m mall programme
ZBS, the Sofia-based developer and asset manager, plans to invest up to EUR 200 mln ub developing shopping centres in Bulgaria. The firm is working on its first open-air shopping centre in the city of Bourgas for an investment of EUR 30 mln and is planning developments in Pazardijk and ...
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PropertyEU Archive
Dutch developers cut staff ahead of 'challenging' 2009
Multi Development intends to cut about 90 staff, about 12% of its 780-strong workforce, in preparation for the challenging market conditions expected in 2009.
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PropertyEU Archive
Sibir unveils $340m purchase to rescue key shareholder
Russian oil company Sibir Energy has unveiled a $340 mln (EUR 265 mln) programme to buy hotels and distressed land projects from Chalva Tchigirinski, its key shareholder and a Russian billionaire who has seen the value of his investments plummet in the wake of the credit crisis. Shares in Sibir, ...
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PropertyEU Archive
Vastned Retails sells Dutch shops for EUR 37m
VastNed Retail has sold part of its Dutch property portfolio to a private investor for just over EUR 37 mln, reflecting a net initial yield in the region of 7.5%. The legal transfer will take place in the middle of December 2008 and the income will be used to repay ...
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PropertyEU Archive
Carrefour to raise EUR 43.5m for property unit
French retail giant Carrefour plans to raise EUR 43.5 mln in equity to plough into its retail property unit Carrefour Property Development. The company said on Tuesday that it will raise capital by issuing new shares, giving preferential rights to existing shareholders.
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PropertyEU Archive
Erestone buys in France for EUR 50m
Erestone, a property investment fund created last year by Spanish bank Santander and French construction group Bouygues Construction, has acquired from builder Sodéarif an office project in Saint-Quentin-en-Yvelines, France, for around EUR 50 mln. The property, which is located in the financial and commercial district of the city, comprises around ...
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PropertyEU Archive
JLL forecasts 55% fall in UK investment volumes this year
Global property services firm Jones Lang LaSalle (JLL) said on Tuesday that it expects direct investment in commercial real estate in the UK to total around £21 bn (EUR 24 bn) by the end of 2008. This represents a 55% drop on 2007 investment volumes, JLL said.
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PropertyEU Archive
ING Real Estate takes City asset off the market
ING Real Estate has withdrawn a large office asset in the City of London from the market after the liquidity crisis derailed two attempts to sell it.
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PropertyEU Archive
Atrium completes shopping centre in Slovakia
CEE developer and investor Atrium European Real Estate said that it has completed the development of the Optima shopping centre in Kosice, Slovakia. This follows the opening of Phase II of the scheme in November 2008 and brings online a further 16,000 m[sup]2[/sup] of gross lettable area (GLA).
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PropertyEU Archive
Entre Deux wins global ICSC development award
Dutch developers 3W and Multi Vastgoed, part of Multi Corporation, have won another award for their 12,000-m[sup]2[/sup] Entre Deux shopping centre scheme in the Dutch city of Maastricht. This is the third prize the centre has won this year.
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PropertyEU Archive
ICSC unveils winners of international awards
The International Council of Shopping Centers has honoured retail projects in 12 countries at the annual International Design and Development Awards in Arizona, US.
