All Real Assets articles in Web Issue – Page 397
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PropertyEU Archive
Fabege sells industrial property in Stockholm
Swedish real estate firm Fabege has sold its Generatorn 17 property in Ulvsunda, Stockholm to ITK hiss for SEK 60 mln (EUR 5.5 mln). The property comprises about 5,900 m[sup]2[/sup] of industrial space and the occupancy date is 1 July 2009. 'The sale is in line with our strategy of ...
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PropertyEU Archive
Realia opens Plaza Nueva mall in Madrid
Spanish property company Realia said it has invested EUR 80 mln in the development of the new Plaza Nueva shopping centre, which opened last week with around 51,000 m[sup]2[/sup] of retail space in Leganes, on the outskirts of Madrid. The development is in line with the company's strategy to focus ...
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PropertyEU Archive
Gecimed unveils EUR 100m capital raise
French real estate investment trust Gecimed has said that it will carry out a EUR 100 mln capital increase in order to finance various projects and reduce debt. Shareholders will receive a proposal allowing for their preferential subscription rights to be maintained, following approval of a prospectus by the French ...
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PropertyEU Archive
German open-ended funds see influx double in April
German open-ended funds saw the influx of funds double in April to EUR 556 mln from EUR 271 mlns in March, according to the latest figures from industry organisation BVI. However those funds, which have suspended redemptions in recent months, collected only EUR 70 mln euros.
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PropertyEU Archive
Manchester police move into Ask:Goodman park
Greater Manchester Police Force is to locate its new headquarters at the 130,000 m[sup]2[/sup] Central Park urban business park in east Manchester being developed by Ask:Goodman.
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PropertyEU Archive
Italy best performer in May in GPR index
Italy was the best performing country in May, according to the GPR 250 Europe Index, posting an increase of 20.2%. It was followed by France (5.4%), the Netherlands (5.0%) and Poland (4.4%). On a country level, losses were booked by Greece (-22.2%), Norway (-8.3%), the UK (-5.5%), Belgium (-1.4%), Austria ...
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PropertyEU Archive
Degi seals leasing deal in The Hague
German open-ended fund Degi has signed a new 10-year leasing deal with Dutch telecoms firm KPN for its head office in The Hague. The new agreement involves 55,000 m[sup]2[/sup] of office space, spread over six buildings. At present, KPN rents the entire complex which comprises 77,000 m[sup]2[/sup] spread over 12 ...
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PropertyEU Archive
ULI examines demographic impact on real estate
Mature but still growing economies such as the US, Canada, UK, Ireland, Australia, and New Zealand will offer attractive real estate investment and development prospects once the recession subsides, according to a new publication from the Urban Land Institute entitled 'Global Demographics 2009: Shaping Real Estate's Future'. The report also ...
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PropertyEU Archive
Banco Pastor sells assets for EUR 104m
Spain's Banco Pastor said it has made a profit of almost EUR 40 mln through the sale of property assets for a total of EUR 104 mln. In a statement to the Spanish market regulator CNMV on Friday, the bank said that 41 office buidlings and bank branches were sold ...
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PropertyEU Archive
Investment activity plunges 74% in Q1: C&W
Investment volumes in Europe fell 74% in the first three months of 2009 year-on-year to just EUR 11.4 bn, according to the latest European commercial real estate investment update from adviser Cushman & Wakefield.
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PropertyEU Archive
SIIC de Paris gets EUR 143m equity injection
SIIC de Paris has unveiled plans for a EUR 143 mln rights issue with preferential subscription rights for existing shareholders, with new shares issued for cash or debt reduction.
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PropertyEU Archive
Expo Italia 2009 opens its doors
The fifth edition of Expo Italia Real Estate (EIRE), organised by Gestione Fiere, gets under way in Milan today with a programme of institutional conferences, seminars and meetings held in the conference rooms and exhibitor stands at Fiera Milano.
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PropertyEU Archive
Gruppo Bernardi to invest EUR 250m in Serbian mall
Italy's Gruppo Bernardi said it plans to invest EUR 250 mln in the development of a shopping centre in Pecinci, in northern Serbia. The mall, which will be named Città Italiana, will include a shopping area, a retail outlet and a hotel with a playground for kids. CEO Riccardo di ...
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PropertyEU Archive
Generali Vie buys Chambery mall for EUR 52m
Generali Vie has bought the Halles de Chambery shopping centre project in France from developer Virgil for EUR 52 mln. The scheme will provide around 14,000 m[sup]2[/sup] of retail space on opening in the fourth quarter of 2011. Major retailers include Fnac, H&M et Monoprix. Halles de Chambery will also ...
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PropertyEU Archive
Invista sells York retail unit above valuation price
Invista Foundation Property Trust has announced the sale of a retail unit in York to an in-house fund of Nightingale Partners. The £1.9 mln (EUR 2.17 mln) disposal price reflects a net initial yield of 5.5% and was 9.8% above the 31 March 2009 valuation, the company said in a ...
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PropertyEU Archive
SFL clinches new sale in Paris
French SIIC SFL has sold an office building at 5 Rue Alfred De Vigny in Paris' eighth arrondissement to Invesco Real Estate for EUR 28 mln, excluding costs. The property is earmarked for Invesco's Südeuropa fund.
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PropertyEU Archive
Vivacon sells five development projects
Cash-strapped German property company Vivacon has signed an agreement to sell part of its development business to an unnamed international investor. The firm said it has sold five development projects in Berlin, Hamburg and Düsseldorf with a total project volume of EUR 345 mln. The transaction, which is conditional on ...
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PropertyEU Archive
F&C REIT disposes of seven UK retail units
F&C REIT has sold off seven retail properties in the UK for a total of over £12 mln (EUR 13.7 mln). The retail units, which were sold to private buyers either through private transaction or auction, consist of 1,900 m[sup]2[/sup] of retail and office space.
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PropertyEU Archive
RICS expands valuation guidance
Valuers have been advised that they may need to provide advice on the outlook of a property's value, as well as establishing the current market value, in the current economic climate.
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PropertyEU Archive
ING sells Glasgow office to Protego
The Scottish arm of property consultant CB Richard Ellis has announced the sale of 220 St Vincent Street in Glasgow to Protego Real Estate Investors for £6 mln (EUR 6.8 mln). CBRE Scotland was acting on behalf of ING Real Estate Investment Management. The deal reflects a net initial yield ...
