All Real Assets articles in Web Issue – Page 398
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PropertyEU Archive
Credit Suisse to sell EUR 2bn of debt to Lone Star: report
Swiss bank Credit Suisse is reportedly close to selling EUR 2.3 bn of loans with Dutch property as collateral, to US private equity firm Lone Star. The bank granted the loans in 2007 following two major office deals in the Dutch market.
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PropertyEU Archive
Allen & Overy signs leasing deal in Frankfurt
US developer and property manager Tishman Speyer has signed a long-term lease for over 9.000 m[sup]2[/sup] at the Podium building in Frankfurt with the international legal practice Allen & Overy. The deal is one of the largest lease agreements signed in Frankfurt this year. The Podium building is part of ...
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PropertyEU Archive
Drivers Jonas appointed to manage pan-European portfolio
UK-based Drivers Jonas has won a mandate to manage a pan-European office portfolio. The portfolio, put together by a Luxembourg fund comprises 29 multilet office properties in France, Germany and the Netherlands with total rental income of about EUR 11 mln per annum generated from over 150 tenants and 111,000 ...
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PropertyEU Archive
Jon Zehner joins AREA Property Partners
AREA Property Partners (AREA), the global real estate investment group, has appointed Jon Zehner as a senior director at its European headquarters in London. Zehner joins AREA from JP Morgan Chase & Co, where he worked for over 25 years, most recently as JP Morgan's managing director and head of ...
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PropertyEU Archive
La Lucette sells project in Clichy
French property company La Lucette is going forward with its strategy to dispose of non-strategic assets with the sale of an office project in Clichy, France. The scheme was bought by an OPCI investment vehicle managed by French fund manager Stam Europe for an undisclosed amount.
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PropertyEU Archive
UK and Nordics to lead recovery - C&W
The UK and Nordic markets, led by Norway, are expected to see an earlier and possibly stronger recovery from the economic crisis than other markets in Western Europe, according to the latest Economic Pulse report from Cushman & Wakefield. In Eastern Europe, recovery will be led by Poland, and, to ...
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PropertyEU Archive
DEFO renamed Union Investment Institutional Property
Union Investment has renamed its DEFO (Deutsche Fonds für Immobilienvermögen) fund Union Investment Institutional Property. Established in 1977, the fund is a specialist provider of institutional property funds. The rebranding coincides with an expansion of the company’s management team, with Ingo Hartlief joining Martin Eberhardt and Wolfgang Kessler. Occupying the ...
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PropertyEU Archive
Helios develops Estonia's largest retail/logistics park
Helios Properties and Süda Maja are to develop Estonia's largest retail and logistics park with an end value of EUR 250 mln. DTZ acted as joint venture advisor for Süda Maja and will be retained as letting agents on the project, the adviser said in a press release.
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PropertyEU Archive
'Distressed' tag prevents investors using non-listed fund exit
The majority of European non-listed real estate funds are designed to enable early exit, but investors are being held back from exiting by the fear they will be labelled as distressed sellers, and will consequently have to sell their stakes at a hefty discount.
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PropertyEU Archive
Hollister leases store at Victoria Square
US-based lifestyle brand Hollister has secured a 8,200 sq ft (743 m2) retail unit at Victoria Square in Belfast, joining names such as Cruise, Ted Baker, Reiss, Firetrap, All Saints, Urban Outfitters, Top Shop, River Island, H&M and Levis. The announcement follows hard on the heels of news from developer ...
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PropertyEU Archive
Mipim Horizons merges with Mipim
Fair organiser Reed Midem has announced that the second edition of Mipim Horizons, the international property market dedicated to the world's fast-growing regions, will coincide with the annual Mipim fair in Cannes next year from 16-19 March.
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PropertyEU Archive
Soffin to squeeze out minority HRE shareholders
Following its takeover of a 90% stake in troubled property lender Hypo Real Estate, the German financial markets stabilisation fund Soffin plans to squeeze out US investor Christoper Flowers, it said on Monday.
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PropertyEU Archive
Standard Life sees signs of UK recovery
Standard Life Investments, one of the largest property investors in Europe, believes that confidence is returning to the commercial property market, with the UK furthest advanced in the cycle.
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PropertyEU Archive
Yields stabilise in UK market
Prime yields for UK commercial property stabilised at 7.35% across all sectors in May, according to the latest research from real estate adviser Cushman & Wakefield. This is the highest level since 1992. Only prime yields on regional out of town offices remained under outward pressure during the month, the ...
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PropertyEU Archive
CBRE Investors to deliver 40,000 m[sup]2[/sup] of offices in Milan
CBRE Investors plans to develop around 40,000 m[sup]2[/sup] of office space near Milan, Northern Italy, with completion scheduled for 2010-2011. The two new projects follow the development of CBRE Investors' flagship Affori Centre project in the city, which is scheduled for completion in September.
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PropertyEU Archive
CBRE seeks to raise $550 mln to repay debt
The world's largest property adviser CB Richard Ellis announced on Wednesday plans to sell $400 mln (EUR 286 mln) of 10-year notes and $150 mln of shares to pay down its short-term debt.
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PropertyEU Archive
Aberdeen Property Investors expands presence in Italy
Aberdeen Property Investors has relocated to new offices in Milan. The move underscores the Group’s commitment to the Italian real estate market, the company said in a press release.
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PropertyEU Archive
European deal activity set to increase - C&W
Investment in commercial property in Europe should increase in the latter part of 2009 following a disastrous first quarter, which saw just EUR 11.4 bn invested in the sector, Cushman & Wakefield predicts in its latest Economic Pulse report.
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PropertyEU Archive
Arcandor files for insolvency; Metro reiterates interest
Embattled German retail group Arcandor AG filed for insolvency with a court in Essen on Tuesday after weeks of pleading for state aid came to nothing. The collapse of the company, which owns the Karstadt department store chain and the Primondo mail-order group, will affect around 43,000 employees. The Thomas ...
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PropertyEU Archive
Beni Stabili to swap offices in Turin for new building
Italian property company Beni Stabili plans to swap its 42-48% interest in three office projects in Turin for a new property, CEO Aldo Mazzocco told PropertyEU in an interview during the second day of the EIRE property fair in Milan.
