All Real Assets articles in Web Issue – Page 366
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PropertyEU Archive
Citicourt assigns PropertyOne to manage 39,000 m2
Citicourt Investment Partners has assigned Frankfurt firm PropertyOne to manage a portfolio of 19 commercial assets in Germany. PropertyOne said the British company assigned the management of the assets on behalf of foreign property companies on 1 March 2009. The portfolio comprises 39,000 m[sup]2[/sup] of office, commercial and retail space.
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PropertyEU Archive
CAAM RE to launch EUR 1 bn pan-European fund
CAAM RE, the property management arm of French bank Credit Agricole, is planning to expand its indirect property fund business as it sees 'fantastic' potential in the new OPCI investment vehicles introduced in France 18 months ago.
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PropertyEU Archive
Total outstanding Europe property debt ' believed to be EUR 1.3 tln'
The total amount of outstanding commercial real estate debt in Europe is believed to be in the region of EUR 1.3 tln, according to Ahsan Ellahi, head of European Structured Finance at Germany's leading property financier Eurohypo.
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PropertyEU Archive
Survey names CBRE as no.1 real estate brand
CB Richard Ellis has been named the leading global brand in commercial real estate for the eighth year in a row, in a survey of real estate professionals from around the world. CB Richard Ellis has been named the top brand every year since the survey’s inception in 2002.
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PropertyEU Archive
McCafferty wins contract to manage EUR 1bn fund
Manchester-based asset management company McCafferty has won a five-year contract to manage the Numisma Fund, a European real estate fund valued in excess of EUR 1 bn.
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PropertyEU Archive
Santander buys Abbey's London HQ for £115m - report
Spain's financial giant Santander is set to acquire the London headquarters of its Abbey unit from UK's largest REIT British Land for a price of £115 mln (EUR 125 mln), according to an article in Property Week. The building was put on the market last month for £120 mln.
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PropertyEU Archive
Warburg Henderson receives EUR 2 bn commitment for IntReal platform
Warburg Henderson, the Hamburg-based joint venture of MM Warburg Bank and Henderson Global Investors, is creating a new company, IntReal, to allow international asset managers to invest under the German open-ended investment fund structure. The new vehicle has signed new commitments of EUR 600 mln with the German asset manager ...
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PropertyEU Archive
Hammerson puts Trois Quartiers on market for EUR 300m
UK REIT Hammerson has put its landmark Les Trois Quartiers mixed-use property in Paris on the market for a price of around EUR 300 mln, according to well-informed sources. The company is believed to have hired adviser Jones Lang LaSalle to market the sale of the building located in the ...
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PropertyEU Archive
Brixton posts 47% drop in adjusted NAV
Brixton has posted a 47% drop in adjusted net asset value (NAV) to 290 pence in its preliminary results for 2008, and abstained from making a dividend payout for the full year.
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PropertyEU Archive
French prime office yields to hit 6% - Savills
Prime office yields in France will reach 6% by the end of the first quarter in 2009, according to Savills' latest bulletin on the French commercial property market.
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PropertyEU Archive
Babcock & Brown appoints administrator
Struggling Australian investment giant Babcock & Brown has appointed administrators to its listed arm, Babcock & Brown Ltd. Babcock & Brown confirmed earlier this year that its shareholders are likely to be left with nothing as the company divests its assets - including real estate - over the next ...
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PropertyEU Archive
CEI advises French state on sale of Paris land
French property services firm CEI is advising the French government on the sale of a 22-hectare plot of land located near Paris' Roissy-Charles de Gaulle airport. According to Eric Fevre, partner at CEI, the bidding process for the site will take place at the end of March. Financial details were ...
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PropertyEU Archive
Green buildings becoming more affordable
Sustainability may be on the back burner due to the economic downturn, but savvy investors and landlords are still steaming ahead with the development of eco-friendly buildings, according to Eric Peeters, partner at Cushman & Wakefield and responsible for office and industrial occupier agency in Europe. 'In 15 years time, ...
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PropertyEU Archive
Baugur files for bankruptcy after losing court battle
Baugur Group, the Icelandic investor which bought retailers in a 10-year acquisition spree before collapsing earlier this year, has filed for bankruptcy after a judge denied the company more time to restructure.
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PropertyEU Archive
Prologis agrees lease for first sustainable distribution park in CEE
New York-listed Prologis has signed a new lease agreement for 12,600 m[sup]2[/sup] in the Czech Republic with one of Europe's largest communications distributors. The company will occupy space in a facility at Prologis Park Uzice, Prologis'first sustainable distribution park delivered in Central and Eastern Europe.
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PropertyEU Archive
Savills appointed to market parts of Watergate Complex
Savills has announced that its New York-based business has been retained to market the sale of elements of Washington's famous Watergate Complex. The property was at the heart of the scandal that led to the resignation of US President Richard Nixon in 1974.
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PropertyEU Archive
Savills appoints new CFO
UK-based broker Savills has appointed Simon Shaw as the group's new Chief Financial Officer effective from 16 March 2009. He replaces Mark Dearsley who, as previously announced, left the company on 13 February 2009 to join Partnership Assurance.
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PropertyEU Archive
China wins Mipim's green building award
The Centre for Sustainable Energy Technologies in Ningbo, China is the winner of the 2009 Mipim green building award. Designed by Mario Cucinella Architects, the building was developed by Nottingham University UK and Nottingham University Ningbo.
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PropertyEU Archive
CB Richard Ellis sets up real estate bank for UK debt
CB Richard Ellis Group, the world’s largest property broker, is transforming its UK finance arm into a real-estate banking unit to deal with the expected rise in problematic loans, according to a report by news wire Bloomberg.
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PropertyEU Archive
Norway to pour oil billions into UK commercial property
Norway's sovereign wealth fund, which has around £240bn of profits from its oil and gas reserves, plans to start buying commercial property in the second half of 2009, according to a report in Property Week. The UK is at the top of the fund's shopping list.
