All Real Assets articles in Web Issue – Page 423
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PropertyEU Archive
Deka buys office property in Lyon for EUR 40m
Deka Immobilien has acquired the 'Le Triangle Part-Dieu' office building in the French city of Lyon for Deka-SPropertyFund No. 1. The German investor purchased the property for around EUR 40 mln from ING Real Estate Investment Management France. The initial net yield is around 7%.
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PropertyEU Archive
Helaba reports property lending volume of EUR 41bn
Germany's Helaba Landesbank Hessen-Thüringen said the business volume of its real estate financing came to EUR 41 bn in the first half of 2009 - almost the same level as year-end 2008. Real estate business began positively at the Paris branch which was newly established at the beginning of the ...
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PropertyEU Archive
Aareal Bank confident despite global slump
German commercial property lender Aareal said net income for the second quarter of 2009 - when Aareal received financial support from the German bank stabilisation fund Soffin - was down 30% to EUR 35 mln from EUR 50 mln last year.
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PropertyEU Archive
Max Property's acquisition of Industrious portfolio hits snag
Max Property Group (MPG) has said that the finalisation of its maiden acquisition of the Industrious portfolio in the UK has been delayed.
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PropertyEU Archive
Waldeck's Augustine hotel named best hotel in the Czech Republic
The developers Waldeck Capital LLC and Raiffeisen evolution, together with hotel operator The Rocco Forte Collection, have announced that The Augustine has been named the Best Hotel, Czech Republic in the Europe & Africa Property Awards 2009 in association with CNBC Arabiya.
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PropertyEU Archive
Metro opens energy-efficient shopping centre in Istanbul
Meydan Merter shopping center was opened in Istanbul at the beginning of August 2009 by Metro Group Asset Management.
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PropertyEU Archive
Alstria: H1 results on track
Alstria Office has announced revenues increased 4% year-on-year in the first half to EUR 51.6 mln, mainly as a result of full-year consolidation of assets acquired in the first quarter 2008.
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PropertyEU Archive
Aberdeen expects UK to outperform until 2014
Aberdeen Property Investors expects UK property to outperform in the next five years, followed by the Nordic region and the eurozone. Prospects for Central Europe remain weakest, due to sharp economic contraction and the withdrawal of capital by foreign investors, according to the company's latest European Property Snapshot.
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PropertyEU Archive
Investment down 49% in hotel market: JLL
The rate of year-on-year decline in the hotel investment market softened in the second quarter to 49% of 2008 liquidity. This compared with a fall of about 80% in Q1 2009.
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PropertyEU Archive
Hypo AGM approves audit of Depfa deal
The annual general meeting of Hypo Real Estate last week approved a special audit focusing on the acquisition of the Irish Depfa Bank and the liquidity management of HRE Holding.
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PropertyEU Archive
Average deal size tumbles: CBRE
The average transaction size completed in the European commercial real estate market in the first half of 2009 has fallen by more than half since the peak of the market in 2007. CB Richard Ellis says in a new research report that this reflects the extent to which the credit ...
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PropertyEU Archive
Colonia boosts profits and sees vacancies fall
Colonia Real Estate booked a profit of around EUR 6.3 mln in the first half of 2009 compared to a loss of EUR 2 mln in the year-earlier period.
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PropertyEU Archive
Investors seeking to diversify in industrial property: CBRE
A range of investors are looking at the industrial property sector a means of diversify away from office and retail, and achieving high-income returns offered by the industrial market, according to CB Richard Ellis.
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PropertyEU Archive
New members join ICSC Romanian Committee
A number of top retail real companies active in Romania have joined the International Council of Shopping Centers (ICSC) Romanian Committee. These include Immoeast, Baneasa and RED, ICSC said in a press release.
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PropertyEU Archive
Hansteen takes 18.5% stake in Warner Estate
Hansteen has applied for the admission of 3.3 million ordinary shares of 10p each in the capital of the company to trading on AIM, London's junior market for alternative investment. The new ordinary shares were issued to acquire a strategic stake of approximately 18.5% in Warner Estate Holdings. The stake ...
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PropertyEU Archive
GPT Halverton leases 8,700m[sup]2[/sup] in Netherlands
GPT Halverton has signed a new lease on behalf of its multi-let light industrial fund HBI at Kanaalweg 14-19 in the Dutch city of Utrecht. The new tenant Echo Investments will occupy 8,682 m[sup]2[/sup] and 174 parking spaces.
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PropertyEU Archive
Adina secures EUR 30m finance for Berlin hotels
Australia-based apartment hotel group Adina announced that it has secured a EUR 30 mln debt facility with Westdeutsche ImmobilienBank (WestImmo) to finance two new Berlin properties currently under construction.
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PropertyEU Archive
Real IS acquires Unilever property in Rotterdam
German asset manager Real IS has acquired a Rotterdam office complex occupied by multinational consumer products group Unilever for EUR 86 mln. The 22,000m[sup]2[/sup] property at Weena 455-457 in the Dutch port city was sold by BPF Bouwinvest, the real estate division of BPF Bouw, and the pension fund foundation ...
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PropertyEU Archive
LaSalle IM buys additional prime Exeter retail unit
LaSalle Investment Management on Monday announced the acquisition of a prime retail unit on Exeter High Street for £2.9 mln (EUR 3.3 mln). The deal follows LaSalle's acquisition of two additional units (231/231a) on Exeter High Street in July 2009 for a pension fund client.The purchase price reflects a net ...
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PropertyEU Archive
Vacancy rates to rise in Budapest as supply expands
Over 113,000 m[sup]2[/sup] of office space was delivered to the Budapest market in the first half of 2009, according to the latest DTZ Budapest Office Market Update. Of this figure, almost 60% was realised in Q2. The report also indicates that a significant amount of office space - some 190,000 ...
