All Real Assets articles in Web Issue – Page 349
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PropertyEU Archive
IVG places EuroSelect 16 with EUR 248m subscribed
The IVG Funds division of German listed IVG Immobilien has announced that it has fully placed its closed-end real estate fund EuroSelect 16 The Square.
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PropertyEU Archive
Five years of UK capital growth eroded in 18 months, says IPD
All Property UK commercial property capital values fell by a record -14.4% over the fourth quarter last year, giving an annual decline of -26.4%, according to the IPD UK Quarterly Property Index Q4 2008. Total returns fell by -13.0% over the final quarter and by -22.1% over the full year.
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PropertyEU Archive
Industry hunkers down for 'difficult' 2009 - ULI
European real estate professionals are bracing themselves for a 'very difficult' year ahead, according to the report Emerging Trends in Real Estate Europe 2009.
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PropertyEU Archive
GPR 250 Europe starts the year in the red
The new year has not heralded a recovery for listed real estate companies in Europe as the GPR 250 Europe index recorded a 8% loss for the first month of 2009. There was brighter news, however, on a country level. Austria was the best performer with +24.7%. Italy was in ...
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PropertyEU Archive
Moorfield unveils EUR 390 partnership to target distressed retail
London-based fund manager Moorfield Group has unveiled a new partnership to deploy up to £350 mln (almost EUR 390 mln) over the coming months in distressed retail property situations in the UK. Moorfield said it has teamed up with shopping centre asset manager Plus Shops and retail property agency Kitchen ...
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PropertyEU Archive
Helaba Bank gets EUR 480m capital injection
The German state of Hesse has confirmed that Helaba Bank is getting a capital injection of EUR 480 mln, even though the bank says it expects to break even for the full-year 2008.
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PropertyEU Archive
Benson Elliot raises over EUR 500m for second European vehicle
Benson Elliot Capital Management has closed its second pan-European fund, Benson Elliot Real Estate Partners III (BEREP III), with subscribed capital to date of EUR 510 mln.
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PropertyEU Archive
Deka fund buys Sainsbury depot for EUR 73m
Deka Immobilien has announced the acquisition of a logistics facility in the UK from retailer Sainsbury's for around EUR 73 mln. The property located in Enfield, about 25 km from London, comprises 58,000 m[sup]2[/sup] of warehousing space and around 6,300 m[sup]2[/sup] of office space. Deka said the asset was purchased ...
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PropertyEU Archive
Delek Belron mulls offer for AIM-listed subsidiary
Delek Belron International, a wholly owned subsidiary of Israeli firm Delek Real Estate, has confirmed that it has made an initial non-binding approach for Delek Global Real Estate (DGRE).
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PropertyEU Archive
Westfield unveils A$2.9 bn share issue
Australian shopping centre developer Westfield said on Tuesday it was launching a fully underwritten placement of new shares to raise A$2.9 bn (EUR 1.4 bn) to reduce its debt levels.
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PropertyEU Archive
UK PPFs saw net outflow of £500m in 2008
Pooled property funds (PPFs) in the UK continued to leak money in 2008 but the rate of redemptions appeared to slow in the final three months, according to the Association of Real Estate Funds (AREF). The association's ninth Investment Quarterly report show the PPF sector experienced a net outflow of ...
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PropertyEU Archive
Scottish Widows re-imposes lockdown on EUR 660m property vehicle
Scottish Widows has become the latest fund manager in the UK to impose a ban on redemptions from a property fund to safeguard the vehicle's financial position. In an emailed statement, Scottish Widows said it was re-introducing a 180-day delay on withdrawals and switching from its EUR 660 mln Life ...
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PropertyEU Archive
Annual property derivatives trading volumes remain robust, says IPD
The total volume of IPD Index Property Derivatives traded over the final quarter of 2008 was slightly down on the previous quarter, falling to £1.03 bn (EUR 1.15 bn), according to data released on Monday by Investment Property Databank (IPD). Annual volumes held up exceptionally well with £7.73 bn worth ...
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PropertyEU Archive
Atisreal to rebrand as BNP Paribas Real Estate
International property adviser Atisreal is dropping its independent name and rebranding to reflect that it is part of BNP Paribas' real estate arm. The name change to BNP Paribas Real Estate will be completed by end-June this year.
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PropertyEU Archive
CBRE expands retail capacity in Russia
International broker CB Richard Ellis has signed an affiliate agreement with Magazin Magazinov, one of Russia's premier retail property services companies. CBRE said the agreement expands its retail offering in Europe further following the acquisition of retail specialists Espansione Commerciale in Italy and C&T Retail in Belgium.
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PropertyEU Archive
SEB mulls capital increase
Swedish bank SEB has confirmed speculation that it is considering boosting its financial position through a share issue. The bank, which is a significant property financier, said that such a move would be undertaken with the support of its core shareholders but stressed that no decision has yet been taken.
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PropertyEU Archive
ULI launches drive to close investment gap in European cities
The Urban Land Institute (ULI) and the development business of ING Real Estate are launching an initiative to tackle the shortage of investment to finance the development of leading cities in Europe. ULI's Urban Investment Network (UIN) and its launch report entitled 'Closing the Investment Gap in Europe's Cities' are ...
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PropertyEU Archive
C&W forms distressed property work-out team
Cushman & Wakefield has announced the formation of an interdisciplinary team of real estate professionals to help property owners in Europe who have run into difficulties due to the financial crisis.
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PropertyEU Archive
New spokesman at German rescue fund Soffin
Hannes Rehm, 65, has been appointed the new management committee spokesman of Germany's financial market stabilisation fund Soffin, launched last October to overcome liquidity problems at financial services companies hit by the credit crisis.
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PropertyEU Archive
German RE professionals perk up slightly - King Sturge
The German real estate industry has put its best foot forward in 2009, leading to a slight but noteworthy increase in King Sturge's survey-based Real Estate Climate metric for the first time in six months. The Real Estate Climate component of the broker's Real Estate Economy index showed a slight ...
