All Real Assets articles in Web Issue – Page 363
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PropertyEU Archive
Nordic oil company selects CBRE as new global advisor
CB Richard Ellis has been selected by StatoilHydro, a Norwegian petroleum group, as its preferred global real estate provider of transaction and project management services. StatoilHydro's 558,000 m[sup]2[/sup] global portfolio consists of over 70 properties in 40 countries.
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PropertyEU Archive
F&C REIT and Area buy Dawnay Day portfolio
F&C REIT Asset Management and Area Property Partners (formerly Apollo Real Estate Advisors) have teamed up to acquire Dawnay Day's 316,800 m[sup]2[/sup] UK portfolio. With a transaction price of over £600 mln (EUR 657 mln), the purchase ranks as the largest real estate transaction so far this year and ...
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PropertyEU Archive
Argo fund launches Ukraine's Riviera Shopping City
Argo Real Estate Opportunities Fund has announced the opening of the DIY OBI store at the Riviera Shopping City in Odessa, Ukraine. The 14,000 m[sup]2[/sup] shop of the German retailer OBI is the first international DIY store in Odessa, Argo said. OBI has a total of 525 stores throughout Europe.
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PropertyEU Archive
Mipim attendance down by a third
The number of participants at this year's Mipim has slumped by 30% compared with 2008 as companies across the real estate spectrum cut their delegations and scale back their activities at the world’s biggest property fair.
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PropertyEU Archive
Helaba boosts presence in France with new office
German Landesbank Helaba (Hessen-Thüringen) is expanding its activities in the French market with a new office on the Champs-Elysees in Paris. The bank has been active in real estate lending in the country since 1995.
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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 ...
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PropertyEU Archive
Hochtief to build new tower in Frankfurt
Hochtief Construction said on Monday it is to build a 185-metre tower in Frankfurt for developer Vivico for EUR 60 mln. The building, known as Tower 185, will be one of the tallest in Germany. It will be located at the entrance to the Europaviertel, between the trade fair grounds, ...
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PropertyEU Archive
Pension group buys two properties in Helsinki
Pension fund Varma has expanded its property portfolio by purchasing two properties in the surroundings of Helsinki. The group has bought a sports and welfare centre in Salmisaari, Helsinki from YIT for EUR 37 mln. The centre is under construction and is expected to be completed in the spring of ...
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PropertyEU Archive
Mipim preview: 'SWFs will look at their own markets first'
PropetyEU Magazine features previews of the key seminars at MIPIM in Cannes this week. If there is one panel that poses an open question it is the one entitled 'On the Road Again: Who's Buying Now?'
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PropertyEU Archive
Mipim preview: 'It's not a liquidity but a solvency problem'
A panel at this year's Mipim devoted to lending is certain to generate a range of opinions. According to one of the panellists, Michiel Rang, CEO Europe and Asia at ING Real Estate Finance, it is first of all necessary to properly identify the problem.
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PropertyEU Archive
HGI set to re-enter French investment market in H2
Henderson Global Investors has a war chest of EUR 100 mln to invest in the French property market during the second half of 2009, Chris Linney, head of France at Henderson Global Investors, said in an interview with PropertyEU on the first day of the Mipim fair in Cannes.
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PropertyEU Archive
Spanish transactions to average EUR 30m in 2009
Spanish investment transactions will average EUR 30 mln in 2009 as international investors join local competitors in search of bargains, property consultant Savills predicts in its latest office report.
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PropertyEU Archive
Sparkassen Immobilien acquires OMV's HQ
Austrian real estate developer Sparkassen Immobilien has acquired the new headquarters building of local oil and gas group OMV and the Courtyard Marriott hotel, which is located on the same site.
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PropertyEU Archive
IVG adopts selective sales strategy; in talks with creditor banks
German property company IVG Immobilien is to start selectively selling properties in a bid to increase its scope for action. The company is also in talks with its banks on extending some EUR 900 mln worth of credit lines which are due to expire in 2009, IVG said in a ...
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PropertyEU Archive
Agreed deals stymied by lack of finance
The 'usual suspects' are monitoring real estate markets in Europe for investment opportunities, but the main question is who has the ability to carry out deals in the current climate, a panel discussion on the first day of the Mipim international property fair in Cannes heard on Tuesday.
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PropertyEU Archive
Savills appoints new head of Milan retail team
Property adviser Savills has appointed William Gould as director of its retail investment team in Milan. Gould joins from Cushman & Wakefield where he was a partner in Milan and worked for 10 years in retail investment. At Cushman & Wakefield he was involved in the successful conclusion of ...
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PropertyEU Archive
German banks dominate list of lenders for UK property
German banks are the main lenders for large new deals in UK commercial property, according to a ranking compiled by property consultant Savills. Of the top 12 lenders identified by Savills, eight are German banks, the firm said on Tuesday.
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PropertyEU Archive
Temporary waivers loan-to-value breaches on the rise
A growing number of banks are offering temporary waivers on breaches of loan-to-value covenants, according to Peter Kasch, managing partner of fund manager Catalyst Capital. 'They may ask for additional equity or fees, but most banks are fundamentally cooperative,' he said during an interview at Mipim, the annual real estate ...
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PropertyEU Archive
Retail property to outperform other sectors in downturn - CBRE
Retail deals featured prominently among Europe' s largest property transactions in 2008, including two of the four European investment deals over EUR 1 bn, according to CB Richard Ellis' latest Retail Investment MarketView.
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PropertyEU Archive
Sponda's chief financial officer steps down
Finnish property company Sponda has announced that chief financial officer Robert Ohman has resigned. Ohman's employment will end by 9 May at the latest.
