All Real Assets articles in Web Issue – Page 400
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PropertyEU Archive
Top listed firms suffer EUR 44 bn devaluations in 2008
PropertyEU's second annual review of the top listed investors in European real estate shows the top 80 firms recorded a total of EUR 44 bn in devaluations of their investment portfolios last year.
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PropertyEU Archive
Dublin office market sees biggest deal in 2009
Adviser Knight Frank has secured the biggest office leasing deal in Dublin so far this year at the new Chase office development in Sandyford. US-based ServiceSource International will lease 3,716 m[sup]2[/sup] on the second and third floor of the building, Knight Frank said in a press release.
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PropertyEU Archive
Cofinimmo raises EUR 26.4m in share placement
Belgian property company Cofinimmo has raised EUR 26.4 mln following the successful placement of 330,000 ordinary shares at a price of EUR 80 per share. The funds will be used by Cofinimmo as part of a broader plan to fund committed capital expenditures and strengthen the group's consolidated balance sheet.
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PropertyEU Archive
Romanian billionaire renews bid for Rutley, takes 30% in Deutsche Land
Dinu Patriciu, the richest man in Romania, has moved to takeover the London-listed fund Rutley European Property and take a 30% stake in the Deutsche land fund.
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PropertyEU Archive
Pirelli RE outlines EUR 400m capital increase
Pirelli Real Estate has confirmed that it is to issue up to 798 million new shares in a capital increase to raise EUR 400 mln.
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PropertyEU Archive
CBRE Investors gets EUR 50m refinancing for Dutch portfolio
CB Richard Ellis has announced that its EMEA Debt Advisory business has arranged a EUR 50.8 mln financing of the Delacroix office and logistics portfolio in the Netherlands.
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PropertyEU Archive
Puma Brandenburg agrees terms for takeover
Puma Brandenburg, the Guernsey-registered closed-end fund that invests in German real estate, is to be taken over by UK investment banking group Shore Capital.
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PropertyEU Archive
VastNed agrees two leasing deals in the Netherlands
Pan-European property investor VastNed Offices/Industrial has said that international wind energy Vestas company is taking 2,850 m[sup]2[/sup] at a building in the Dutch city of Arnhem on a 7½-year lease. Vestas will use the entire first floor of the building at Mr. E.N. van Kleffenstraat 10 as its Benelux headquarters. ...
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PropertyEU Archive
LPP Group among tenants of Bulwary Poznanskie
Retail group LPP has signed a lease for 2,800 m[sup]2[/sup] of space at Ikea's Bulwary Poznanskie in the Polish city of Posnan. Bulwary Poznanskie is now 50% leased.
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PropertyEU Archive
Jelmoli backs improved takeover offer by SPS
Swiss retail and real estate group Jelmoli said that Swiss Prime Site has agreed to increase its takeover offer to 8.1 SPS shares for one Jelmoli share. The move follows Jelmoli's rejection of its initial offer which comprised 7.7 SPS shares for one Jelmoli share.
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PropertyEU Archive
CBRE and REAM tackle real estate debt
Robin Hubbard, executive director of CBRE's real estate finance business and Mike Birch, co-founder of specialist real estate debt and asset management group REAM Capital Partners, talked to PropertyEU Week Edition about the new service they offer lenders and borrowers.
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PropertyEU Archive
Foruminvest to develop in France
Dutch property developer Foruminvest is to invest EUR 610 mln in the development of two large shopping centres in France, scheduled to open in 2012.
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PropertyEU Archive
PropertyEU hosts ULI masterclass at Provada
PropertyEU is hosting a masterclass together with the Urban Land Institute at the Provada real estate fair which is due to get underway in Amsterdam this week. The annual real estate fair will be held at the RAI Exhibition Buildings from 16-18 June.
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PropertyEU Archive
Sovafim hires Saggel, DTZ to manage sale of 40,000 m2
Sovafim, the public company that manages the French state's real estate assets, has hired DTZ's investment department and Nexity's Saggel Transactions, to manage the sale of a portfolio of 40,000 m[sup]2[/sup] on an exclusive basis.
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PropertyEU Archive
Evans Randall and Al Salam acquire City asset for EUR 150m
Evans Randall has teamed up with Bahraini bank Al Salam to acquire a 18,600m[sup]2[/sup] office property in the City of London for £127 mln (EUR 150 mln). The acquisition reflects an initial yield of 7.5%.
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PropertyEU Archive
Provada 2009 expects visitor numbers to grow
The fifth edition of the Provada real estate fair which gets underway today at the RAI exhibition buildings in Amsterdam will see visitor numbers grow yet again, according to director Flip Kerkhoven. 'Last year we had 20,542 visitors and a total surface area of 20,000 m[sup]2[/sup]. Including all the conference ...
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PropertyEU Archive
'Property sector won't recover until 2011-2012'
Prospects for the Dutch real estate sector will not pick up until 2011 or 2012, according to Nout Wellink, president of the Dutch Central Bank, in an exclusive interview with PropertyEU's sister publication PropertyNL. Next year won't be much better than 2009, Wellink said, adding that vacancies will continue to ...
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PropertyEU Archive
Van Ommen joins Switzerland's 4IP as director
Nick van Ommen, former CEO of the European Public Real Estate Association (EPRA), has joined the Board of Directors of Swiss real estate investment manager 4IP. Van Ommen will support 4IP's management in strategic initiatives and in various product development projects, the company said in a press release.
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PropertyEU Archive
SFL sells three buildings for EUR 62m
French SIIC SFL said it has sold three buildings in Paris for a total of EUR 62 mln. The Paris-based company has disposed of a 3,200 m[sup]2[/sup] office and retail asset at 62 Beaubourg in the third arrondissement to TMW Pramerica Property Investment. The transaction amounted to EUR 22.3 mln, ...
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PropertyEU Archive
Realia set to reach agreement with banks for EUR 900m refinancing
Spanish property company Realia said it is close to reaching an agreement with banks to refinance EUR 900 mln of debt facilities maturing this year. Chairman Ignacio Bayon told Spanish papers during a press conference in Madrid that he is confident that the refinancing will be signed soon, extending the ...
