All Real Assets articles in Web Issue – Page 356
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PropertyEU Archive
Hewlett-Packard sells office property in Germany
Hewlett-Packard Immobilien has sold an office property in the Echterdingen business park in Leinfelden-Echterdingen, Germany, to unnamed private investors. The financial details were not disclosed.
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PropertyEU Archive
CFI closes purchase of 12 UGC cinemas
France's Compagnie Fonciere Internationale said on Thursday it has completed the acquisition of a portfolio of 11 cinemas leased to UGC Cine Cite from CNP-Assurances, as well as the purchase of a cinema in Lille from its owner and occupier UGC. The transactions were made on behald of CFI's 95%-controlled ...
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PropertyEU Archive
AXA REIM completes EUR 5.7bn of deal in 2008
AXA Real Estate Investment Managers (AXA REIM) completed EUR 5.7 bn of transactions on behalf of its clients last year. The amount falls slightly short of the planned investment volume for 2008 announced by the French fund manager at the beginning of the year - EUR 6.3 bn - but ...
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PropertyEU Archive
Eurohypo to reposition real estate business in 2009
Eurohypo, the commercial real estate financing arm of Commerzbank Group, said it will seek to reposition its business this year with the launch of a new plan for its real estate activities. The bank, which unveiled a pre-tax loss of EUR 1.4 bn for 2008, said 'it will pay particular ...
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PropertyEU Archive
Land Securities unveils EUR 860m cash call, resets dividend
Land Securities, the largest real estate investment trust (REIT) in the UK, revealed its plans on Thursday to raise net proceeds of £755.7 mln (EUR 860 mln) through a discounted rights issue.
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PropertyEU Archive
Immofinanz CEO to leave after paving way for restructuring
Immofinanz has said CEO Thomas Kleibl is leaving the listed Austrian real estate group on 28 February having re-established confidence in the firm among its banks and set it on course for recovery.
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PropertyEU Archive
CAAM RE appoints new CEO and CIO
Credit Agricole Asset Management Real Estate said on Thursday that it has appointed Nicolas Simon and Nicolas Kert to the position of Chief Executive Officer (CEO) and Chief Investment Officer (CIO) respectively.
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PropertyEU Archive
UK real estate gloom brightened by opportunities - PWC/ULI
The real estate crisis is set to get worse, according to participants at a real estate seminar organised in London by PricewaterhouseCoopers and the Urban Land Institute. The event, which presented the findings of their recently published report Emerging Trends in Real Estate Europe, took the form of a panel ...
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PropertyEU Archive
Revaluations bring ING RE's quarterly income to zero
Some EUR 276 mln of negative fair value changes reduced ING Real Estate's income for the fourth quarter of 2008 to zero. This compares to EUR 342 mln of income in the fourth quarter of last year.
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PropertyEU Archive
Liberty International mulls equity raising
UK REIT Liberty International confirmed on Thursday that it is considering a capital raising. In a Stock Exchange announcement, Liberty said: 'The directors confirm that they are considering capital raising alternatives and any firm proposals will be communicated directly to shareholders at the appropriate time.'
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PropertyEU Archive
Estcapital to renovate Venice hotels
Italian fund manager EstCapital is teaming up with hotel group Four Seasons Hotels & Resorts to redevelop the historic Excelsior and Des Bains hotels on Venice's Lido island.
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PropertyEU Archive
Multi Vastgoed launches Spijkenisse project
Multi Vastgoed, the Dutch unit of Multi Corporation, has announced the launch of a mixed-use development in Spijkenisse in the western Netherlands. The town centre development project is being led by Multi Vastgoed in close collaboration with the Spijkenisse city council and is expected to open in 2011.
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PropertyEU Archive
Top 5 investment deals, 16-20 February 2009
The largest real estate investment transaction reported by PropertyEU between 16-20 February 2009 was the closing by Compagnie Fonciere Internationale of the acquisition of 12 cinemas in France for EUR 153 mln.
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PropertyEU Archive
Land Secs portfolio drops 20% in four months
The value of Land Securities' investment property portfolio declined 20% from £12.5 bn (EUR 14.2 bn ) at end-September 2008 to £9.96 bn (EUR 11.3 bn) on 31 January this year. The company released the information on Thursday as it announced plans to raise £755.7 mln (EUR 860 mln) through ...
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PropertyEU Archive
Cross-border investment activity down in 2008 - CBRE
Cross-border commercial property investment activity fell to 45% of total European activity in 2008, according to new research by CB Richard Ellis.
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PropertyEU Archive
SNS Property Finance reports 67% drop in net result
SNS Property Finance's underlying net result for 2008 declined by 67% to EUR 28 mln, its parent company SNS Reaal reported last week. The group said the net result at SNS Property Finance before impairment charges increased 17.5% to EUR 114 mln, due to higher net interest income. ...
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PropertyEU Archive
DHL Exel Supply Chain picks CBRE to aid European expansion
DHL Exel Supply Chain (DESC), Europe's largest global supplier of logistics services, has appointed CB Richard Ellis' Cross-Border Industrial and Logistics team to support its expansion across Europe, Middle East and Africa (EMEA).
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PropertyEU Archive
CBRE named among top outsourcing providers
The International Association of Outsourcing Professionals (IAOP) has named CB Richard Ellis Group in The Global Outsourcing 100 for the third year in a row.
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PropertyEU Archive
Demand up for asset and property management mandates
The number of requests for asset and property management mandates is increasing dramatically as investors seek to reorganise their real estate portfolios acquired in the last few years, according to the German arm of independent real estate consulting group NAI. Frankfurt-based NAI apollo said that its property management has recently ...
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PropertyEU Archive
Mipim preview: Low budgets and no frills
Mipim may be celebrating its 20th anniversary this year, but for the real estate industry on which it is dependent, that is little cause for cheer. Hit by the full force of the economic recession, investors, developers, occupiers and brokers everywhere are rolling out survival strategies to get them through ...
