All Real Assets articles in Web Issue – Page 408
-
PropertyEU Archive
Eurohypo places EUR 1.5b 10-year mortgage Pfandbrief
Eurohypo, a subsidiary of Commerzbank, has issued its third jumbo Pfandbrief this year.
-
PropertyEU Archive
Hochtief begins work on PortAL 10 in Munster
Hochtief Projektentwicklung is starting work on the new PortAL 10 office and service building in Münster. When completed in the autumn of 2010 the property at Albersloher Weg in Münster's harbour district will comprise 7,500 m[sup]2[/sup] of gross floor space. Prior to the start of construction, two complete floors - ...
-
PropertyEU Archive
Accor appoints new directors in Germany, Netherlands
Hotel chain Accor has appointed Peter Verhoeven as the new managing director of Accor Hospitality in Germany. He previously held the same position in the Netherlands and will be succeeded in this post by Caro van Eekelen.
-
PropertyEU Archive
AXA REIM acquires hotel in Barcelona
AXA REIM has acquired the AB Skipper Hotel in Barcelona from the Spanish developer Grupo Preyco 44. The financial details were not disclosed. The property was acquired on behalf of REOF 2, one of AXA REIM's opportunistic funds.
-
PropertyEU Archive
Treibreu Group acquires Creed's German properties
Treibreu Group has acquired the properties of the Japanese Creed Corporation located in Germany in a transaction with total committed finance of EUR 64 mln
-
PropertyEU Archive
Brixton announces nine leasing agreements
UK industrial property REIT Brixton has announced nine new lettings in June totalling 104,000 square feet (9,661 m2) and generating £946,000 (EUR 804,000) of annualised rental income.
-
PropertyEU Archive
Green joins AMB as MD of global client services
James Green has joined industrial real estate group AMB Property Corporation as managing director, global client services.
-
PropertyEU Archive
ULI names five awards for excellence winners
Five developments in Europe have been selected as winners of the Urban Land Institute (ULI) 2009 Awards for Excellence EMEA competition, ULI said on Tuesday. This year's competition also included the announcement of two special award winners.
-
PropertyEU Archive
Hypo merges Pfandbrief banks
Hypo Real Estate has announced the successful completion of the merger of its two bank subsidiaries licensed to issue German asset-covered bonds or Pfandbriefe as part of the re-organisation of the group.
-
PropertyEU Archive
Multi and sell Cegelec offices to private investor
Multi and Heijmans have sold Cegelec's new Dutch headquarters at the Amstelwijck Business Park in the city of Dordrecht to a private investor. The total investment value amounts to around EUR 7.1 mln.
-
PropertyEU Archive
Harbert purchases UK distribution centres
Affiliates of Harbert European Real Estate Fund II, L.P. and Harbert European Real Estate Fund II (Parallel), L.P. have acquired five modern
-
PropertyEU Archive
Hammerson signs first letting at City office scheme
Lloyd's underwriter Talbot has signed a lease fro 3,916 m[sup]2[/sup] on the 7th and 8th floors of Hammerson's office scheme at 60 Threadneedle Street in the City of London.
-
PropertyEU Archive
DekaBank streamlines open-ended funds
DekaBank plans to merge four of its open-ended property investment funds into two funds from October 1 as part of a streamlining operation designed to make the funds broader and more robust, the German bank said on Tuesday. Deka-ImmobilienFonds will be incorporated into Deka-ImmobilienEuropa and WestInvest 1 will be integrated ...
-
PropertyEU Archive
Property fund looks to team up with property developers
Fund manager Managing Partners (MPL), which runs the British Property Opportunities Property Fund, says that a growing number of property developers are facing funding problems on new projects because their banks are freezing their lending until they can demonstrate a certain level of off-plan sales.
-
PropertyEU Archive
Prague outperforms London in DTZ office survey
Demand for offices was greater in Prague than in London in the first quarter of 2009, according to a survey of take-up in 16 European cities by property adviser DTZ.
-
PropertyEU Archive
German funds see higher net inflows in May
German open-ended property funds (GOEFs) recorded close to EUR 698 mln in net inflows in May, up from the EUR 556 mln booked in April and a sharp increase on the EUR 128.6 mln registered in the same month a year ago, according to new statistics from investment fund body ...
-
PropertyEU Archive
London most resilient hotel market
Occupancy levels in the London hotel market increased by 1.5% in May 2009 compared with the same period last year. Whilst average room rate declined by 5.4%, London hoteliers were able to decrease their payroll expenses by 1.6%, resulting in a decline of just 2.9% in profit per available room ...
-
PropertyEU Archive
ING REIM signs up TK MAXX at Sarni Stok in Poland
ING REIM and TK MAXX have signed a lease agreement for retail space in Sarni Stok shopping centre in Bielsko-Biala. TK MAXX is planning to open its store in October 2009.
-
PropertyEU Archive
Commerz Real buys Finnish office scheme for EUR 124m
Commerz Real said it has bought the 'Swing Life Science Center' office scheme in Helsinki for around EUR 124 mln, marking the German property manager's entry into the Finnish market. The seller is the Etera Mutual Pension Insurance Company.
-
PropertyEU Archive
Patrizia extends EUR 48.5m in loans by 18 months
Patrizia Immobilien has extended EUR 48.5 mln of loans due at end-June 2009 by a further 18 months. The German real estate group said the extension was in line with its business model.
