All Real Assets articles in Web Issue – Page 419
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PropertyEU Archive
GPT to manage BGP's real estate portfolio
GPT Halverton has been appointed investment and asset manager for the European real estate portfolio of BGP Holdings, the company announced on Friday. The mandate will boost GPT Halverton’s assets under management to over EUR 3 bn.
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PropertyEU Archive
CBRE boosts EMEA building consultancy
CB Richard Ellis has appointed Simon Dunbar director of its building consultancy unit in Poland. Dunbar will focus on managing and developing building consultancy in Poland to provide a broad range of high-quality technical services to existing and future clients, the company said in a press release.
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PropertyEU Archive
Retail schemes in Hungary face delays: DTZ
A total of 83,000 m[sup]2[/sup] of retail space was completed in Hungary in the first six months of 2009, according to a new research report from adviser DTZ. This brings Hungary’s total modern retail stock to 1.77 million m[sup]2[/sup].
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PropertyEU Archive
Realia agrees EUR 1bn debt restructuring package
Spanish real estate group Realia has announced that it has reached agreement with its banks to refinance EUR 921 mln of debt which was due this year.
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PropertyEU Archive
Hammerson portfolio value drops 14% in H1
UK REIT Hammerson said its portfolio declined 14% in value to £4.7 bn (EUR 5.5 bn) in the first half of 2009 from £6.5 bn a year earlier, reflecting difficult conditions in the commercial property market. As a result, adjusted net asset value per share fell to £3.73 from a ...
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PropertyEU Archive
AXA fund completes EUR 150m acquisition of Bergamo mall
AXA Immoselect, a German open-ended fund managed by AXA Investment Managers in Germany, has completed the acquisition of the Antegnate shopping centre in Bergamo, northern Italy for EUR 150 mln.
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PropertyEU Archive
GTC, Unibail-Rodamco finalise EUR 205m loan in CEE
Real estate developer Globe Trade Centre (GTC) and pan-European property giant Unibail-Rodamco have finalised a EUR 205 mln loan agreement with a consortium of German banks.
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PropertyEU Archive
GPR 250 Europe index gains in July
The GPR 250 index of European property stocks rose 11.2% in July after a 1.1% loss in June. The European index outperformed all other regions including the Americas and Asia which booked increases of 9.7% and 4.5% respectively.
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PropertyEU Archive
Commerz Real buys Paris office scheme for EUR 33m
Germany's Commerz Real has acquired the fully let office scheme Espace Dumont d'Urville in Paris for its Euro Office 1 institutional fund. The property was sold by Klépierre, a shopping centre operator in which BNP Paribas banking group holds a majority interest. The total investment volume for the property, which ...
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PropertyEU Archive
X-Leisure fund raises EUR 59m in open offer
Capital & Regional and Hermes Real Estate have said that £50 mln (EUR 59 mln) in new equity has been raised for the X-Leisure Fund following the completion of the open offer announced in May.
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PropertyEU Archive
Spanish hotel chain Abba opens first German hotel
Spanish hotel chain Abba opened its first hotel in Germany on Wednesday, a four-star-plus establishment with 216 rooms in the centre of Berlin.
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PropertyEU Archive
Neinver completes acquisition of Castel Guelfo Outlet
Pan-European real estate group Neinver has completed the acquisition of the second and final phase of Castel Guelfo Outlet centre in the Italian province of Bologna for EUR 41.7 mln on behalf of the Irus European retail property fund.
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PropertyEU Archive
C&W appointed as letting agent for Infopark A in Budapest
Real estate adviser Cushman & Wakefield (C&W) has been appointed as the exclusive letting agent for the high-profile office building Infopark A in South Buda on behalf of Europolis, one of the leading real estate investors in CEE.
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PropertyEU Archive
David Atkins to succeed Richards as Hammerson CEO
Hammerson has announced that David Atkins is to succeed John Richards as CEO on 1 October 2009. Richards is retiring from the company after 10 years as CEO. He has worked for Hammerson for 30 years.
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PropertyEU Archive
Supply of top hotels rises in Polish capital: C&W
In the second quarter of 2009 the supply of chain hotels in Poland rose to include five new four- and five-star hotels, according to a new report by UK adviser Cushman & Wakefield. While most major Polish cities saw the completion of new hotel developments, Poznan lagged behind, particularly given ...
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PropertyEU Archive
King Sturge sees German real estate climate improve
The real estate industry remains confident in the German market, according to King Sturge's Real Estate Economy Index for July. The index, which is based on responses from over 1,000 market players, rose for the eighth time in as many months, by 7.5% to 63.3 index points.
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PropertyEU Archive
More investors upbeat on UK market - C&W
An increasing number of investors now believe that the UK's beleaguered commercial property market has turned a corner, according to the new MarketBeat report from Cushman & Wakefield (C&W).
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PropertyEU Archive
Prospects remain gloomy for Dutch market: Savills
The economic situation in the Netherlands worsened considerably over the past 12 months and the short-term economic outlook shows no signs of
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PropertyEU Archive
Henderson sells St. Martin's Place office to EstCapital
Henderson Global Investors' Central London Office Fund (CLOF) has completed the sale of 7/8 St Martin's Place in London's West End for over £33 mln (EUR 38.8 mln). The transaction reflected a net initial yield of 6.77%.
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PropertyEU Archive
Prime office and industrial rents still falling: King Sturge
Prime office and industrial rents are still falling, according to King Sturge's European Property Indicators survey. While London is seeing a lower rate of decline in the office sector, in Paris and Amsterdam prime office rents are still falling, the survey concluded. Meanwhile the industrial sector is stabilising in markets ...
