All Real Assets articles in Web Issue – Page 358
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PropertyEU Archive
Alta Fides expands board
Listed German property company Alta Fides has announced the appointment of Rudolf Bartsch to the board. Together with Jan Giessler, Bartsch will be the board member responsible for project development and acquisitions, as well as for the strategic and operative asset management for the Stuttgart-based company.
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PropertyEU Archive
RICS Awards attracts record number of entries
The Royal Institute of Chartered Surveyors (RICS) says it property awards competition has attracted a record number of projects despite the market downturn.
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PropertyEU Archive
Deka buys Frankfurt hotel
Deka Immobilien has acquired a four-star business hotel in Frankfurt for its open-ended fund WestInvest TargetSelect. The seller is a joint venture of German property developer Fom Estate GmbH and Quinlan Private. The hotel was recently developed by Fom Estate and is a part of a larger complex which includes ...
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PropertyEU Archive
ECE's Otto takes major stake in US shopping centre REIT
Alexander Otto, CEO of German inner-city shopping centre developer ECE, has expanded his activities in the US by taking a major stake in American group Developers Diversified Realty (DDR).
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PropertyEU Archive
Keen starts construction of Galeria Victoria
Keen Property Partners Retail has started construction of the Galeria Victoria entertainment and retail centre in the Polish city of Walbrzych. The grand opening of the shopping centre is planned for spring 2010.
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PropertyEU Archive
IFM Immobilien hires former Tishman director
Commercial property investor and developer IFM Immobilien is strengthening its leasing team with the addition of Mirko Czybik. Previously, Czybik, 36, was Director Leasing at Tishman Speyer, where he was involved with the leasing and marketing of the OpernTurm property, currently under construction in Frankfurt.
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PropertyEU Archive
Retail outlets outperform in lean times
With retail outlets outperforming traditional retail amid the economic crisis, this niche sector has seen a flurry of investment activity over the past months. In early February, Neinver's Irus fund, which focuses on designer outlets, has bought Germany's largest outlet centre from a joint venture of Kenmore, RevCap and OCI ...
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PropertyEU Archive
Prologis leases 38,000 m[sup]2[/sup] in Southern France
Prologis, a global provider of distribution facilities, has leased more than 38,560 m[sup]2[/sup] in southern France to Point P, one of France's top distributors of construction materials and a subsidiary of the Saint-Gobain Group.
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PropertyEU Archive
Segro gets share boost after reworking EUR 1.9 bn covenants
Segro's battered share price got a large strong boost on Wednesday as the UK industrial property real estate investment trust (REIT) announced it had renegotiated loan covenants to give itself more breathing room.
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PropertyEU Archive
IVG sells properties for EUR 140 mln
German property investor IVG Immobilien said on Wednesday it has recently sold property in Berlin, Munich and Paris for more than EUR 140 mln. In a statement, IVG said the deals involve cash and debt, and that the cash amount has already been received.
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PropertyEU Archive
Cross-border investment plunges in H2 2008
European cross-border activity plunged significantly last year as investors focused on their home markets, a recent report by CB Richard Ellis has said.
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PropertyEU Archive
Invista reports loss of £3.7m in 2008
Invista Real Estate reported a pre-tax loss of £3.7 mln (EUR 4.2 mln) for full-year 2008, compared to a pre-tax profit of just under £50 mln in 2007. The largest UK listed property fund manager blamed the loss on the 'unprecedented falls' in UK commercial real estate.
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PropertyEU Archive
KPMG appoints King Sturge to dispose of 80 shoe stores in the UK
King Sturge's retail team has been appointed by administrator KPMG to dispose of the 80 store leases held under the Qube and Original Shoe Company brands. Around 80% of the stores had traded as Original Shoe Company, which sold branded lifestyle clothing and footwear, while footwear chain Qube accounted for ...
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PropertyEU Archive
Mike Goodson joins ADIA Real Estate
Mike Goodson has become global head of Hospitality at Abu Dhabi Investment Authority Real Estate. Until October 2008, Goodson was the European managing director of Host Hotels & Resorts, based in London.
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PropertyEU Archive
Property advisory consolidation is inevitable, says BNP Paribas
Global property services firms have expanded too rapidly over the past years with some having fuelled this expansion with short-term debt finance that is
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PropertyEU Archive
New management team appointed at Catella Property Benelux
Property adviser Catella has announced the appointment of Maxime Xantippe as managing director of Catella Property Benelux. Cedric Mali and Maxime Kumpen will join Xantippe as the new management team of the Benelux unit.
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PropertyEU Archive
DTZ shuts down Austrian office, opens in Montpellier
Global property services firm DTZ is closing down its office in Austria at the end of March as a result of the financial crisis and worsening economic conditions, according to magazine Thomas Daily. The company appointed Matthäus Jiszda in May 2006 to head the business in the country. The group ...
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PropertyEU Archive
REITs and banks likely to be forced sellers this year, says JLL
In what may be an early indication that property markets are close to resolving pricing uncertainty, some stressed and distressed owners are being finally forced into the market, Jones Lang LaSalle has said in its latest Global Market Perspective research report.
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PropertyEU Archive
Carlyle faces problems on Hannover project
Private equity firm Carlyle Group has failed to reach an agreement with Landesbank Berlin (LBB) on the financing of the Linden Park project in Hannover, Germany.
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PropertyEU Archive
Retailers set for CEE expansion, says JLL
Turkey and Russia have emerged over the past two years as the key target destinations for retailers expanding internationally, according to new retail research from real estate advisor Jones Lang LaSalle. Turkey accounted for 11.3% of the total cross-border movements, whilst 10.6% of retailers entered Russia. Central and Eastern Europe ...
