All Real Assets articles in Web Issue – Page 364
-
PropertyEU Archive
Crisis set to be 'a long and painful process'
Prospects for the real estate industry remain very gloomy at Mipim 2009, according to Steve Williams, global adviser for Real Capital Analytics. 'This crisis is worse than any we've ever seen,' he said during a panel discussion at the Mipim real estate fair which got under way on Tuesday. 'So ...
-
PropertyEU Archive
Joint ventures could fuel sale-and-leaseback deals
Joint ventures with investors could be one way for corporates to carry out sale-and-leaseback deals despite the depressed state of the investment market, Nigel Roberts, head of EMEA research at Jones Lang LaSalle, said on the first day of the Mipim international real estate fair in Cannes.
-
PropertyEU Archive
Immoeast 'on target' with reducing development pipeline
CEE property developer Immoeast expects to complete a review of its development pipeline in the next six weeks aimed at reducing the number of projects from 140 in October last year to about 50-55. 'We are close to achieving the target, as around 60 projects have already been terminated,' said ...
-
PropertyEU Archive
International hotel operators drive growth in Russia
The Russian hotel sector is seeing unprecedented levels of growth fuelled by international operators of the likes of Hilton, Holiday Inn, Accor and Rezidor, Stefano Carosi, head of Investment at DTZ in Russia, said in an interview with PropertyEU on the first day of the Mipim fair in Cannes.
-
PropertyEU Archive
Quinn Group opens Phase One of Russian logistics facility
Quinn Group said on Monday it has opened Phase 1 of its logistics facility Q-Park in the Russian city of Kazan. Phase 1 comprises over 83,000 m[sup]2[/sup] and has already attracted interest from many large international players. Schneider, McDonalds and Michelin have already agreed lease terms for space.
-
PropertyEU Archive
German sentiment picks up further in February - King Sturge
The mood in Germany’s real estate industry brightened slightly in February, according to King Sturge's monthly Real Estate Economy index. Notwithstanding the generally poor financial and economic situation in Germany, King Sturge's survey-based Real Estate Climate of the monthly Real Estate Economy index showed an 8.8% rise for the second ...
-
PropertyEU Archive
Metro, NAI Pickard launch new Ukraine JV
NAI Pickard (NAIP) is joining forces with Germany's Metro Group Asset Management to launch a new property management joint venture in Ukraine called the Property Management Group. The new company will combine Metro's facility management skills with the long-term experience of a leading full service property consultancy, NAIP said on ...
-
PropertyEU Archive
Helaba to create EUR 1 bn of new business in France this year
German Landesbank Helaba (Hessen-Thüringen) is hoping to create around EUR 1 bn of new business in France this year as part of a plan to expand its activities in the French market. The bank, which recently announced the opening of a new office in a newly refurbished property on the ...
-
PropertyEU Archive
European non-listed property fund trades reach EUR 1.1b - Inrev
European non-listed property funds have seen EUR 1.1 bn of secondary trades in the past 12 months, according to the preliminary results of a study by industry body Inrev.
-
PropertyEU Archive
AMB pre-leases more than 10,800 m[sup]2[/sup] near Rotterdam
Industrial real estate developer and operator AMB Property Corporation has leased more than 116,000 sq ft (10,800 m2) of space in its AMB Bleiswijk Distribution Center development near Rotterdam to an unnamed manufacturing company. The tenant will use the facility to consolidate its operations in the Benelux region, AMB said.
-
PropertyEU Archive
Paris take-up expected to drop 20% this year - JLL
Take-up in the greater Paris area is expected to drop 20% in 2009 compared to last year, from 2.35 million m[sup]2[/sup] in 2008 to approximately 1.8 million m[sup]2[/sup] in 2009, Benoit du Passage, managing director of Jones Lang LaSalle France, said during the JLL Occupational Markets Briefing in Cannes on ...
-
PropertyEU Archive
London, Paris again top European office market in 2008 - CBRE
London and Paris maintained their lead as the main markets for office investment in Europe in 2008, according to new research from CB Richard Ellis. The two cities accounted for 36%* of all office transactions completed last year, or one in every three deals. This concentration extended to the market’s ...
-
PropertyEU Archive
2009 set to be 'worst year ever' for London take-up - JLL
2009 is likely to be the worst year ever in terms of take-up in London, with recovery in the occupational market not expected before 2012-2013, Neil Prime, head of office agency England at Jones Lang LaSalle, said during the Occupational Markets Briefing held in Cannes on Wednesdqy. 'Ooccupiers in London ...
-
PropertyEU Archive
DTZ Asset Management in final talks on EUR 40m purchase in Paris
DTZ Asset Management, the 80%-owned management arm of DTZ, is in final negotiations to acquire a prime office building in Paris for a yield of over 6.5%, Francois Brisset, co-founder of DTZ Asset Management, told PropertyEU in an interview at Mipim. Brisset said he hopes to close the acquisition by ...
-
PropertyEU Archive
CBRE boosts CEE activities with new Bulgarian affiliate
CB Richard Ellis has signed an affiliate agreement with MBL EOOD, a leading real estate services provider in Bulgaria, thereby strengthening its presence in the Central and Eastern European (CEE) region. The agreement follows last year's acquisition of Eurisko Consulting in Romania and the affiliation with Atria Group in Greece.
-
PropertyEU Archive
Biddulph named senior vice-president at AMB Capital Partners
AMB Property Europe has announced that its Capital Partners group has appointed real estate specialist Anthony Biddulph, 42, as senior vice-president of business development EMEA.
-
PropertyEU Archive
Real estate heads 'back to basics' - CBRE
The future European real estate market will be much more traditional than in recent years, according to the latest research from CB Richard Ellis. The financial engineering, high levels of gearing and reliance on yield compression to generate returns that were such a feature of the last four years are ...
-
PropertyEU Archive
CBRE calls bottom of market for prime London property
Demand for prime London property has begun to outstrip supply as UK retail funds completed most of their forced sales in 2008 and several of the major listed real estate firms have eased the pressure to sell assets by embarking on large rights issues, according to Simon Barrowcliff, executive director ...
-
PropertyEU Archive
UK development downturn bottoming out - Savills
The decline in commercial development activity in the UK showed further signs of slowing in February, according to the Commercial Development Activity report published on Wednesday by property consultant Savills. Although the decline was still sharp, activity levels dropped at the slowest rate since May 2008, the report showed.
-
PropertyEU Archive
Jelmoli to implement strategic plan by end-March
Swiss property company Jelmoli said on Wednesday it will implement its strategic plan aimed at creating the second-largest public real estate company in Switzerland by the end of March. The new company will have a property market value of approximately CHF 3.2 bn and a book equity value of CHF ...
