All Real Assets articles in Web Issue – Page 421
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PropertyEU Archive
DTZ awarded Shell property management contract
Shell International Petroleum has awarded DTZ a contract to supply real estate management services for approximately 5,000 retail outlets in 11 countries in North America and Asia/Pacific.
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PropertyEU Archive
Generali buys Dusseldorf resi project
Insurer Generali has acquired the Zoo Park residential complex in Dusseldorf for EUR 40 mln from Bema Enterprise Group, Thomas Daily reported. The transaction was said to have taken place at end-2008, before the actual development phase.
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PropertyEU Archive
Goodman gets capital injection from CIC, CPPIB
Australian industrial group Goodman announced on Thursday that it had taken measures to significantly bolster its balance sheet. The measures include an extensive debt restructuring, a $1.3 bn fully underwritted equity raising and a $0.5 bn capital injection from China Investment Corporation (CIC). In addition, it has formed a $0.2 ...
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PropertyEU Archive
GPT Halverton concludes re-letting deal in Netherlands
GPT Halverton has concluded a large letting deal for its multi-let light industrial fund, HBI, in Emmen, the Netherlands. The current tenant, Emsland Starcke Logistics, renewed a lease of 17,101m[sup]2[/sup] of warehouse space for another three years.
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PropertyEU Archive
Publisher Europe Real Estate in restart
Europe Real Estate, the publishing company of Dutch business entrepreneur Marinus Dijkman, will undergo a restart under the banner of Dijkman Publishers. The Hague-based company went into administration in May following an unsuccessful bid to obtain court protecition from creditors. Dijkman said the bankruptcy only affected the yearbook activities.
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PropertyEU Archive
Invista sees fall in property values slowing
Invista Real Estate Investment Management sees property values falling at a slower rate as the emphasis shifts from a capital to a leasing correction and parts of the European economy start to stabilise.
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PropertyEU Archive
Hollister store to open in MyZeil
Abercrombie & Fitch has confirmed it is bringing the Southern California lifestyle to Germany with the opening of the first Hollister store at the shopping centre MyZeil in Frankfurt.
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PropertyEU Archive
Berlin Hyp books solid H1, thanks to Pfandbrief issues
German property financier Berlin Hyp said Pfandbrief issues with a total volume of EUR 742 mln in the first half of 2009 have provided it with a comfortable level of liquidity that will enable it to assert itself on the market, even under conditions of a sustained economic downturn.
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PropertyEU Archive
LaSalle refinances EUR 300m debt during H1 2009
LaSalle Investment Management (LaSalle) has said it refinanced almost EUR 300 mln of debt during the first half of 2009. The deals provided follow-up financing for some existing assets and funded the acquisition of a number of new properties for its pan-European portfolio.
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PropertyEU Archive
Henderson fund acquires retail park for EUR 41.6m
Henderson Global Investors has announced that its pan-European retail property fund, Herald, has acquired the Stanley Green Retail Park in Wilmslow, Manchester, from Aviva Investors for £35.6 mln (EUR 41.6 mln). This represents a net initial yield of 7%.
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PropertyEU Archive
Multi signs cable car lease agreement for Czech mall
Multi Development and the city of Ústí nad labem in the Czech Republic have signed the lease for the lower station of the cable car in Multi‘s forum shopping centre in the heart of Ústí.
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PropertyEU Archive
Black Sea takes majority stake in Rutley
Black Sea Global Properties (BSGP) has acquired 75.49% of the shares in Rutley European Property. BSGP had already acquired 150,000 Rutley shares prior to its takeover bid, bringing the total to 75.56%.
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PropertyEU Archive
BMP holds first Euro-Arab RE conference
Barcelona Meeting Point is holding the first Euro-Arab Real Estate Conference on 27 and 28 October. The theme of the special gathering of Arab investors, brokers and developers will be the 'Islamic Way of Doing Business'.
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PropertyEU Archive
Deka buys retail warehouse complex in Trier
German fund manager Deka Immobilien said it has acquired a retail warehouse complex in Trier for its WestInvest TargetSelect Shopping fund. Financial details were not disclosed.
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PropertyEU Archive
Falling office demand pushes yields out in CEE
Changed economic conditions have caused occupiers of office space to reconsider their cost bases in Central and Eastern Europe (CEE), leading to decreased demand for office space and downward pressure on rents in many markets, according to CB Richard Ellis’ forthcoming report, CEE Office Investment MarketView H1 2009.
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PropertyEU Archive
Starwood finalises Golden Tulip takeover
Starwood Capital has finalised the takeover of the Golden Tulip Hospitality Franchise Business through an affiliate company. The deal also encompasses Golden Tulip's Development & Representation businesses, Joint Venture interests, and the brands, trademarks and intellectual property of Golden Tulip, Tulip Inn and its related brands.
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PropertyEU Archive
Prime office yields steady in major markets: JLL
European office market yield decompression continues to stabilise with yields in many markets holding, according to Jones Lang LaSalle's Q2 2009 European Office Yields Tracker. Yields held in around half of Europe’s office markets, although many markets saw yields stabilise in Q1 2009 only to move out again in ...
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PropertyEU Archive
Annual capital value decline at -7% in Dutch market, says IPD
The pace of capital value depreciation in the Dutch property market has accelerated over the second quarter, at -2.1%, according to the ROZ/IPD Netherlands Quarterly Property Index, up from -1.5% over the first three months of the year.
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PropertyEU Archive
Mitsubishi recovers Landsbanki lease and relets to Aberdeen
Mitsubishi Corporation (MC) and Mitsubishi Estate Company (MEC), the joint developers of Bow Bells House in London, confirmed on Tuesday that they have accepted a lease surrender from the administrators of Landsbanki Islands HF for the 6,500 m[sup]2[/sup] of office space at the property let to the failed Icelandic bank.
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PropertyEU Archive
Global Switch completes acquisition, leasing deal in Madrid
Global Switch announced on Tuesday that it has finalised the acquisition of the freehold interest of its Madrid data centre. The company added it has also completed what it describes as a significant lease agreement with IBM at the facility.
