All Real Assets articles in Web Issue – Page 420
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PropertyEU Archive
Hansteen launches UK industrial property fund
Hansteen has announced the launch of the Hansteen UK Industrial Property Unit Trust (HIPUT). The fund will seek to invest up to £180 mln in UK industrial property.
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PropertyEU Archive
Immofinanz reports EUR 1.3bn devaluation of portfolio
Vienna-listed Immofinanz saw a EUR 1.3 bn devaluation of its real estate portfolio during what it described as 'a very challenging financial year' from May 2008 to end-April 2009.
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PropertyEU Archive
Helaba in EUR 113m financing deal for London property
Helaba, together with fellow German bank Deutsche Genossenschafts - Hypothekenbank (DG Hyp), has arranged a club financing deal totalling £96 mln (EUR 113 mln) for a mixed office and retail property in London.
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PropertyEU Archive
JLL posts EUR 9.7m net loss for Q2
Jones Lang LaSalle has reported a net loss of $14 mln (EUR 9.7 mln) on a US GAAP basis, or $0.40 per share, for the quarter ended 30 June 2009.
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PropertyEU Archive
Union Investment unveils 2010 Prime Property Award
Union Investment has launched the second edition of its bi-annual Prime Property Award that recognises investors whose projects incorporate sustainability factors in the development and refurbishment of commercial and residential buildings.
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PropertyEU Archive
Max acquires Industrious portfolio for EUR 274m
Newly listed Max Property Group (MPG) has confirmed it has made its maiden acquisition with the purchase of a portfolio of principally light industrial property in the UK for £232 mln (EUR 274 mln).
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PropertyEU Archive
Dev Secs acquires property loan at 'significant discount'
UK real estate firm Development Securities announced on Wednesday that it has acquired a senior loan secured against a neighbourhood shopping centre in south-west England 'at a significant discount'.
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PropertyEU Archive
Patrick Phillips named new CEO of ULI
Patrick Phillips has been appointed the new chief executive officer of the Urban Land Institute, succeeding Richard Rosan who has led the Institute for more than 17 years. Phillips, a ULI trustee, will assume the post on 14 September.
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PropertyEU Archive
European stocks outperform other regions
The FTSE EPRA/NAREIT Developed Europe Index ended the month with a gain of 10.9%, the European Public Real Estate Association (EPRA) reported this week. France returned 15.3% while the UK Index ended the month 11.2% higher. The Netherlands returned 9.5% in July, while Sweden gained 8.8%.
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PropertyEU Archive
French property re-appears on Henderson radar
Henderson Global Investors believes investment the French property market once again looks attractive and the firm is exploring opportunities to recommence investment.
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PropertyEU Archive
Industrial development rises in H1: DTZ
The amount of completed industrial developments in Budapest rose during the first half of 2009 by 123,000 m[sup]2[/sup] to 1.54 million m2, according to adviser DTZ.
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PropertyEU Archive
Prime office rents fall further across Europe - Savills
Demand for lower rents and the fact that many tenants are also renegotiating the terms of their leases caused prime office rents to fall across the European office market in the second quarter, according to a new report from Savills. However, prime CBD rents in Q2 only dropped by -4% ...
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PropertyEU Archive
DTZ appointed as agent at Good Point Pulawska
DTZ has been appointed by PBW Polska as the leading agent for Good Point Pulawska distribution centre. The property located 15 km from Warsaw, is a modern distribution centre with a total lettable area of 43,500 m[sup]2[/sup].
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PropertyEU Archive
Bad property debts hit Lloyds
Lloyds Banking Group booked a pre-tax loss of £4 bn (EUR 4.7 bn) as bad debts in the first half of the year rose to £13.4 bn, of which £10.7 bn came from HBOS. The bulk of the bad loans comprised commercial real estate loans, the bank said.
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PropertyEU Archive
ICSC and European retailers work to reduce carbon emissions
The International Council of Shopping Centers (ICSC) has called for closer co-operation between retailers and property companies to reduce energy use and carbon emissions in stores and shopping centres across Europe.
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PropertyEU Archive
Jones Lang LaSalle wins mandate for Dusseldorf's Kö-Bogen
Jones Lang LaSalle has won the exclusive mandate from developer Projektentwicklung Dusseldorf to market its most recent development project, the Kö-Bogen, a 39,500 m[sup]2[/sup] mixed-use scheme in Dusseldorf. The city centre development comprises nearly 20,000 m[sup]2[/sup] of prime office space and an additional 19,500 m[sup]2[/sup] of retail and restaurant space, ...
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PropertyEU Archive
GPT to exit overseas markets
Sydney-based GPT Group has announced plans to withdraw to its home market and exit all overseas and non-core investments over time. 'The strategy is designed to restore shareholder confidence over time and deliver transparency, stability and security to the group's returns,' the company said in a press release.
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PropertyEU Archive
Hypo posts net loss of EUR 750m in Q2
Troubled German property financier Hypo Real Estate (HRE) has announced a net loss of EUR 750 mln in the second quarter of 2009 compared to a profit of EUR 12 mln in the same period last year. Overall, the bank recorded a net loss of EUR 1.1 bn for the ...
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PropertyEU Archive
UK pooled property funds record net inflow in Q2
Over £320 mln (EUR 373 mln) of new money was invested in UK unlisted pooled property funds (PPFs) during the second quarter of 2009, according to the latest report published by the Association of Real Estate Funds (Aref).
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PropertyEU Archive
Realia close to selling Seville's Nervion Plaza for EUR 80m
Spanish property company Realia is in advanced negotiations to sell the Nervion Plaza shopping centre in Seville to fund manager Henderson Group for around EUR 80 mln, news agency Reuters reported, quoting three sources familiar with the deal. Nervion Plaza is located near the Seville football stadium, and provides over ...
