All Real Assets articles in Web Issue – Page 352
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PropertyEU Archive
FSA set to regulate sale and rent back market to protect occupiers
The UK Financial Services Authority (FSA) is to regulate sale and rent back schemes with an emergency interim regime that will come into force in July to address the growing threats consumers are facing in today's deteriorating lending market.
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PropertyEU Archive
German retail to stay resilient - Treveria
Treveria, the German-focused retail real estate investment company, has said that that it believes the German retail sector should remain more resilient and less volatile than in the UK.
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PropertyEU Archive
Weinberg gets green light to launch OPCI vehicles
Weinberg Capital Partners, the Paris-based real estate private equity group, said it has received permission from the French financial market authority AMF for the launch and management of OPCI non-listed property investment trusts. The company said the watchdog has also approved its first OPCI RFA vehicle.
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PropertyEU Archive
Klepierre to keep 2008 dividend at EUR 1.25
The board of Klepierre has proposed a dividend payout of EUR 1.25 per share for 2008, equal to the 2007 level. The French real estate group, which operates in the office and shopping centre sectors, reported consolidated net earnings of EUR 233.9 mln, total share, and a group share of ...
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PropertyEU Archive
Henderson fund acquires Barberino retail outlet for EUR 125m
Henderson Global Investors has acquired the Barberino designer outlet centre in Italy from McArthurGlen for EUR 125 mln. The property is located in Barberino del Mugello, 25 km north of Florence and is being contributed to Henderson’s European Outlet Mall Fund.
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PropertyEU Archive
Top 5 deals (2-6 February 2009)
The largest real estate investment transaction reported by PropertyEU between 2 - 6 February 2009 was the acquisition by OPCI funds managed by AEW Europe of a portfolio of 45 properties in France for EUR 360 mln.
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PropertyEU Archive
Occupier sales account for 20% of European transactions in 2008
Sales of commercial real estate by occupiers accounted for almost 20% of the European investment market last year, and will remain an important part of the weakened market in 2009, CB Richard Ellis has said.
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PropertyEU Archive
European investment volumes down 52% in 2008 - C&W
Investment in European real estate fell 52% to $178 bn (EUR 138 bn) last year, but the region remained the most popular destination for property buyers, according to new figures from Cushman & Wakefield. Europe accounted for 41% of all commercial property transactions in 2008. Asia came in second place ...
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PropertyEU Archive
PEPR to focus on deleveraging in 2009
Prologis European Properties (PEPR) will continue to address its liquidity concerns and focus on debt refinancing this year, according to the group's newly appointed CEO Peter Cassels.
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PropertyEU Archive
Top 5 deals, Week 5 (26- 30 January 2009)
The largest real estate investment transaction reported by PropertyEU between 26 - 30 January 2009 was the sale by Dutch communication services group KPN of EUR 180 mln worth of real estate in 2008. The two largest deals during the week were both valued at EUR 50 mln.
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PropertyEU Archive
Terrace Hill completes EUR 29m refinancing of London asset
Terrace Hill Group, an AIM-listed property development and investment company, has arranged a £27.45 mln (EUR 28.96 mln) refinancing with Alliance & Leicester for its 129 Wilton Road asset in London. The investment facility replaces the previous development funding provided by Hypo Real Estate.
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PropertyEU Archive
Estcapital gets approval from Bank of Italy for 3 new funds
Italian property fund manager EstCapital Group has received approval from the Bank of Italy for the launch of three new closed-end property funds: Real Stone, Real F&F and RealEnergy.
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PropertyEU Archive
Deka in EUR 82m sale&leaseback with BBVA
Germany's Deka Immobilien said on Tuesday that it has acquired a landmark office building in Barcelona's central Plaza de Catalunya square from Spain's second largest bank, BBVA, for approximately EUR 82 mln. The building was bought in a sale-and-lease back transaction. Colliers advised Deka.
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PropertyEU Archive
Skanska applies LEED to Nordic projects
Swedish construction and real estate development giant Skanska has said it is incorporating the international environmental certification system, Leadership in Energy and Environmental Design (LEED), in its Nordic building construction operations.
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PropertyEU Archive
King Sturge tips London student digs as 'star performer'
London's student accommodation sector will be this year's star performer as it bucks the negative trend affecting the rest of the real estate market, according to King Sturge.
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PropertyEU Archive
Hypo gets further EUR 10bn guarantee from Soffin
Troubled German property financier Hypo Real Estate has been granted a further EUR 10 bn in loan guarantees by the German bank rescue fund Soffin. The guarantee expires on 12 June 2009.
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PropertyEU Archive
CBRE's earnings drop 94% in Q4
CB Richard Ellis, the global property services firm, posted net income of $6.5 bn (EUR 5 bn) or earnings per share of $0.03 in the fourth quarter of 2008, a 94% drop on the same period a year before ($0.54) and down 92% on the full-year figure ($0.37). Fourth-quarter revenue ...
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PropertyEU Archive
Pirelli RE to launch EUR 400m capital increase
Italy's Pirelli Real Estate will launch a capital increase of up to EUR 400 mln as part of its 2009-2011 industrial plan aimed at nearly doubling its profit margin over the next three years. Pirelli & Co, which controls over 55% of Pirelli Real Estate, said on Wednesday that it ...
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PropertyEU Archive
CBRE appoints directors in Central and Eastern Europe
CB Richard Ellis has announced the promotion of Pavel Schanka and Patrick O'Gorman to the position of directors for CEE Capital Markets. In addition, Jos Tromp has been named director for CEE Research and Consulting.
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PropertyEU Archive
Treveria appoints three new directors
Treveria, the German-focused retail property investor, has announced the appointments of Nicholas Cournoyer, Rolf Elgeti and Michael Neuburger as non-executive directors. The appointments follow the completion of a strategic review by the AIM-listed company last year aimed at stabilising its management structure. At that time, Manfred Maus had indicated his ...
