All Real Assets articles in Web Issue – Page 387
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PropertyEU Archive
Slowing yield decompression may hint at improving sentiment, says JLL
The weighted average European prime office yield moved out 20 bps from 5.8% at the end of 2008 to 6.0%, a much smaller increase than the 50 basis point movement between Q3 and Q4 2008, according to JLL's Q1 2009 European Office Yields Report. The yield range across Europe continued ...
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PropertyEU Archive
DTZ to sell Van Hoogevest investment portfolio
Dutch adviser DTZ Zadelhoff and Holland Realty Partners have been appointed to value and selll the investment portfolio of failed Dutch developer Van Hoogevest. The 15 investment assets are located throughout the Netherlands.
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PropertyEU Archive
KPP's Galeria Victoria finds new tenants
Keen Property Partners Retail (KPP Retail) has announced it has reached new leasing agreements at the Galeria Victoria entertainment and retail centre in Walbrzych, Poland with retailers Douglas, Camaïeu, Oxide&Snazee, Sunset Suits, Subway and Plus GSM. KPP Retail started the construction of Galeria Victoria in February 2009. The grand opening ...
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PropertyEU Archive
ProDelta buys 45,000 m[sup]2[/sup] logistics centre
ProDelta has bought a 45,000 m[sup]2[/sup] logistics centre in Veenendaal, the Netherlands, from logistics services group TDG for an undisclosed amount. The scheme was leased back to TDG with a long term contract. ProDelta was advised by RembrandtState Vastgoed while DTZ Zadelhoff and Jones Lang LaSalle adcted for the ...
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PropertyEU Archive
Commerzbank required to sell Eurohypo by 2014
The European Commission has instructed Commerzbank, Germany's second-largest bank, to sell its property finance unit, Eurohypo, as a condition for EC approval of the EUR 10 bn in state aid it has received.
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PropertyEU Archive
Aedes names new CEO
Italy's Aedes Immobiliare has appointed Nicola Cinelli to the position of new Chief Executive and Pierino Isoldi as the group's new vice president. The appointments follow the approval last month of a new EUR 150 mln capital raising to be subscribed by the new investors Isoldi (in a range of ...
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PropertyEU Archive
European Commission investigates state aid for Hypo RE
Frankfurt-listed Hypo Real Estate has expressed confidence that the European Commission (EC) will rubber stamp the German government's multi-billion euro support for the ailing property lender. Hypo Real Estate was reacting to the news that the EC has initiated a formal investigation to ascertain whether the government's 'restructuring support' is ...
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PropertyEU Archive
Tishman Speyer leases all of Seine Etoile project to Capgemini
Tishman Speyer and Capgemini have signed a lease for the entire 14.750 m[sup]2[/sup] Seine Etoile project located in Suresnes, within the Western Business District of Paris. The lease represents one of the largest leases to be signed in Paris this year.
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PropertyEU Archive
JLL appointed to manage Lisbon's Torres Colombo
Jones Lang LaSalle's Management Department has been appointed to manage the Torre Oriente office scheme in Lisbon by a joint venture of Sonae Sierra, ING Real Estate, Iberdrola Inmobiliaria and savings bank Caixa Geral de Depósitos. Torre Oriene is the first building to be developed as part of the Torres ...
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PropertyEU Archive
Atenor signs hotel management contract in Brussels
South City Hotel, a partnership of Atenor (40%), BPI (10%) and Espace Midi (50%) has announced the signing of a management contract with the Rezidor Group for the hotel currently under construction opposite the Gare du Midi railway station in Brussels. The contract, with a duration of 20 years, concerns ...
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PropertyEU Archive
Gezeley delivers Spain's largest green logistics project
Logistics property developer and operator Gazeley has completed the first phase of a logistics project in Ontigola, south of Madrid, on behalf of Ceva Logistics. The project, with 55,000 m[sup]2[/sup] of total space, represents Spain's largest sustainable development for the logistics property sector in 2008. The scheme consists of two ...
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PropertyEU Archive
DTZ to manage Edinburgh Technopole
Property services firm DTZ has secured an instruction to manage Grosvenor's 126-acre world-class science and technology park, Edinburgh Technopole. Edinburgh Technopole is an ongoing development which when fully completed will offer 500,000 sq ft (50,000 m2) research and office space. The park currently consists of three modern buildings offering a ...
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PropertyEU Archive
Dutch property markets hover just above par in Q1
Annualized total returns for the Dutch real estate market over the 12 months to end of the first quarter 2009 came to 0.5%, down from 2.8% in the previous quarter, according to the ROZ/IPD Netherlands Quarterly Property Index.
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PropertyEU Archive
Sponda to carry out EUR 200m rights issue
Finnish property company Sponda has unveiled plans to raise EUR 200 mln of equity through a rights issue. The company said on Monday that Solidium, the owner of a 34.3% stake in Sponda, will subscribe to its pro rata share in the rights offering.
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PropertyEU Archive
German open-ended funds to pay out average return of 3.5%
German open-ended real estate funds are expected to pay an average return on investment of 3.5% in 2009, according to Feri EuroRating Services. Feri's analysis of 33 German funds suggests the returns are likely to range from 2-5%.
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PropertyEU Archive
FDR on course to achieve EUR 500m in sales
Foncière des Régions has already arranged EUR 417 mln of sales or sales agreements since the start of 2009. This leaves the French property group within shouting distance of its disposal target of EUR 500 mln for the full year.
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PropertyEU Archive
MGPA pulls out of Broadgate acquisition - report
Private equity group MGPA is understood to have abandoned plans to purchase Broadgate in the City, the Independent on Sunday newspaper has claimed. The sale reportedly collapsed as MGPA failed to find a partner for the investment. The newspaper said the private equity firm had approached the Abu Dhabi sovereign ...
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PropertyEU Archive
Director of Amsterdam's Zuidas resigns
The director of Amsterdam's ambitious Zuidas development project is stepping down by 1 August and will seek another position within the city council.
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PropertyEU Archive
CBRE makes senior real estate finance appointment
CB Richard Ellis has announced the appointment of Robin Hubbard as executive director of the company's real estate finance business. Hubbard has over 20 years of investment banking experience, most recently as head of the European operations of Probitas Partners, a leading independent global fund placement agent.
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PropertyEU Archive
Eighty retail tenants seek to pay Prupim on monthly basis
Just over 80 of Prupim's retail tenants have sought to pay rents on a monthly rather than quarterly basis since the global real estate investment manager offered the temporary concession in January.
