All Real Assets articles in Web Issue – Page 415
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PropertyEU Archive
Enel to dispose of EUR 190m of property through new fund
The board of Italian power giant Enel has approved a plan to create a new fund endowed with EUR 190 mln of the company's non-core real estate assets in Italy.
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PropertyEU Archive
Czech industrial market slows further in Q2
Some 150,000 m[sup]2[/sup] of modern warehouse space was completed in the Czech Republic in the second quarter of 2009, according to a study by CB Richard Ellis.
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PropertyEU Archive
Dutch office take-up at 20-year low
Take-up of office, industrial and retail space across the Netherlands halved in the first six months of 2009 compared to the same period last year, according to research by PropertyNL.
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PropertyEU Archive
Patrizia purchases 300 apartments for EUR 60m
German property company Patrizia has acquired 300 apartments in Hamburg for a total investment volume of almost EUR 60 mln on behalf of its specialised funds.
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PropertyEU Archive
Deka Immobilien buys Swedish hotel for EUR 41m
German open-ended fund manager Deka Immobilien has bought a hotel in the Swedish city of Gothenburg for the equivalent of around EUR 41 mln. Located above Gothenburg's central station, one of the main railway junctions in Scandinavia, First Hotel G was acquired for Deka's WestInvest ImmoValue open-ended mutual property fund ...
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PropertyEU Archive
King Sturge to advise on new shopping centre in Tirana
King Sturge has been appointed to provide management set-up advice on a major new shopping centre on the outskirts of the Albanian capital, Tirana.
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PropertyEU Archive
JLL's Upstream to advise on GRI sustainability guidelines
Upstream Sustainability Services at Jones Lang LaSalle has been appointed by the Global Reporting Initiative (GRI) as lead strategy consultant to develop global sustainability guidelines for the construction and real estate sector.
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PropertyEU Archive
Cyril Aulagnon to head development at Affine
Cyril Aulagnon has been appointed head of Development and Strategy at French real estate group Affine.His main role will be to define the group's strategy concerning asset management, financial policy and resources allocation.
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PropertyEU Archive
DTZ: Relocation process being driven from older to new premises
An increasing number of companies considering relocation of their logistics and industrial activities are seeking new, modern premises to benefit from favorable lease conditions.
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PropertyEU Archive
Dutch team sets up new fund manager
A group of three Dutch real estate professionals have set up a new fund and asset management firm - Heston Real Estate Group. The founders are Jan-Lodewijk de Vries, Robert Fabisch and Taco de Groot.
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PropertyEU Archive
Breeam Alliance to drive international sustainability standards
BRE Global has created a new Breeam Sustainability Alliance in a bid to improve the sustainability of buildings throughout Europe and beyond. The body was set up in response to demand from industry partners, developers and Green Building Councils, the organisation said in a press release.
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PropertyEU Archive
Inrev investors remain committed to Asian funds
Investors remain committed to Asian non-listed real estate funds, although they have put short-term allocations on hold, according to the latest research from Inrev, the European association for non-listed real estate funds, in cooperation with sister organisations Area and Prea.
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PropertyEU Archive
Risanamento board to assess debt situation: FT
The board of Risanamento, one of Italy’s biggest property companies, was set to hold an emergency meeting on Monday after a court asked it to respond to a prosecutor’s request that it be declared bankrupt, according to a report in the Financial Times.
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PropertyEU Archive
Re-pricing is bottoming out, says LaSalle IM
Investor sentiment has stabilised and re-pricing has found a floor, according to a mid-year update from LaSalle Investment Management on the European commercial real estate market. There is also evidence that there is increasing competition, particularly from foreign buyers attracted by the weakness in sterling and the benefits of the ...
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PropertyEU Archive
Kenmore sells Paris portfolio to private investor
Kenmore European Industrial Fund has announced that it has completed the sale of a large regional Paris-based portfolio to a private investor, for a total gross sum of EUR 59 mln. The sum reflects a net price approximately 4% below the March 2009 valuation. In addition, KEIF provided the purchaser ...
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PropertyEU Archive
Beni Stabili sees net profit plunge in H1
Italian real estate firm Beni Stabili saw first-half net profit plunge 93% to EUR 4.3 mln due to write-downs on property values, news wire Reuters reported.
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PropertyEU Archive
European retail investment up 85% in Q2 - JLL
Direct retail real estate investment in Continental Europe was up by 85% at EUR 1.9 bn in the second quarter of 2009, compared to EUR 1 bn in the first quarter of the year, according to new research from Jones Lang LaSalle. The rise was largely driven by an increase ...
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PropertyEU Archive
F&C REIT AM to launch EUR 450m German fund
F&C REIT Asset Management's Munich arm plans to set up a EUR 450 mln fund targeting German institutional investors which will invest in office and retail properties in medium-sized cities (20,000-200,000 inhabitants) in Germany.
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PropertyEU Archive
ING RE and AkzoNobel agree new Dutch HQ
ING Real Estate and Amsterdam municipality have reached agreement on a new head office for chemicals concern AkzoNobel in Amsterdam's Zuidas development. The company's new HQ will have a surface area of 16,500 m[sup]2[/sup]. Further details on another office complex being planned for the area will be disclosed later this ...
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PropertyEU Archive
NSI sells five buildings in Netherlands
Dutch real estate firm Nieuwe Steen Investments has sold five buildings in the Netherlands for a total of EUR 9.95 mln. The divestments bring the total proceeds from the company's current disposal programme to EUR 74.8 mln. The funds from the sales will be used to improve the group's ...
