All Real Assets articles in Web Issue – Page 424
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PropertyEU Archive
Hahn Group cuts debt burden
Frankfurt-listed Hahn Group generated revenue of EUR 28.31 mln in the first half of 2009 compared with EUR 29.72 mln a year ago. Operating profit (EBIT) fell to EUR 1.83 mln, compared to EUR 9.69 mln a year ago.
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PropertyEU Archive
CBRE foresees 'modest improvement' in deal volumes
Europe may see a modest further improvement in transaction volumes in the final quarter of this year, according to adviser CB Richard Ellis in its latest Global MarketView report 'Back from the Brink. But What Next?'
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PropertyEU Archive
ING and Invesco sell in Prague
ING REIM has concluded the sale of Budejovicka alej - an 11,600 m[sup]2[/sup] prime grade A office building in Prague 4 - to a local purchaser in a deal worth over EUR 30 mln. Cushman & Wakefield acted on behalf of ING REIM. The adviser described the multi-tenanted and ...
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PropertyEU Archive
AFI Development sells Moscow project for EUR 138m
AFI Development has announced the sale of its Kosinskaya project in Moscow for $195 mln (about EUR 138 mln). The project is located in the eastern administrative district of the Russian capital and comprises a Class B office building of 112,000 m[sup]2[/sup] and 10.4 hectares of land.
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PropertyEU Archive
Fire sales increase in Q2 2009: RICS
Over 75% of the 27 countries surveyed by RICS saw a rise in fire sales in the commercial property market in Q2, according to a research report published this week by the UK-based organisation. The report also foresees transaction activity in distressed properties set to rise in 2010 'as interest ...
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PropertyEU Archive
USS buys Equiton Industrial for EUR 228m
Universities Superannuation Scheme, the UK higher education pension scheme, has unconditionally exchanged contracts with Equiton GP to acquire all the property assets in the UK of the Equiton Industrial Partnership. The investment volume of £196 mln (EUR 228 mln) reflects a net initial yield of 8.7% of the contracted income.
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PropertyEU Archive
SNS books loss due to property finance impairment
Dutch banking and insurance company SNS Reaal booked a loss of EUR 30 mln in the first half compared to a profit of EUR 226 mln in the same period a year ago. The first-half loss was significantly narrower, however, than the EUR 730 mln it lost in the second ...
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PropertyEU Archive
British Land sees valuation decline slow
British Land, the second-largest REIT in the UK, saw the pace of portfolio valuation decline slow markedly in the first quarter to end-June to an average 3.7%. The UK portfolio shed 3.1% of its value, outperforming IPD by 1%, the company said in a press release on Tuesday.
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PropertyEU Archive
Colliers International buys Polish firm
Colliers International has completed the acquisition of the Polish operation of Harvey Spack Field, the UK retail warehousing firm. The deal will provide a platform for ongoing relationships between both firms with Colliers benefiting from HSF's retailer relationships.
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PropertyEU Archive
Drivers Jonas France obtains financing for IM Properties
Drivers Jonas France has arranged financing for a UK client, IM Properties, from an unnamed German bank in relation to three office properties in France.
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PropertyEU Archive
Prupim revises market forecasts upwards as yields stabilise
Recent industry data suggests that yields are beginning to stabilise across many UK commercial property market sectors, signaling that the worst of the real estate downturn is drawing to a close, according to global real estate investment manager Prupim.
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PropertyEU Archive
Private equity investors shy away from new commitments in H1
Only 41% of private equity investors polled in a survey by Prequin made new commitments in the first half of this year, but 54% said they expect to make new commitments in the second half.
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PropertyEU Archive
AFI Development posts pre-tax profit of EUR 197m for H1
London-listed AFI Development said on Tuesday that it recorded a net profit of $215 mln (about EUR 152 mln) in the six months to end-June this year compared to $110 mln in the first half of 2008.
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PropertyEU Archive
AMB signs leases for 9,500m[sup]2[/sup] near Madrid's Barajas Airport
New York-listed AMB Property Corporation announced it has signed two lease agreements for more than 9,500 m[sup]2[/sup] of industrial space in a development immediately adjacent to Madrid's Barajas International Airport (MAD).
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PropertyEU Archive
Hammerson's Union Square to open on 29 October
UK REIT Hammerson has announced that Union Square, the company's latest retail regeneration scheme, will open to the public in Aberdeen on 29 October 2009.
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PropertyEU Archive
Quantum wins EUR 54m redevelopment tender in Hamburg
German developer Quantum Immobilien has won a EUR 54 mln tender to redevelop a 40,000 m[sup]2[/sup] complex in Hamburg which currently houses the city's Urban Development Authority.
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PropertyEU Archive
Sustainability remains high on agenda: RICS
Sustainability remains high on the agenda despite the worsening economic climate, according to the latest global property sustainability survey, released by the Royal Institute of Chartered Surveyors (RICS).
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PropertyEU Archive
Atrium debuts on Euronext Amsterdam
Atrium European Real Estate's shares performed well on the first day of trading on Euronext Amsterdam on Wednesday. The company's shares also begin trading on the Vienna Stock Exchange, where it has a dual listing, following the exchange of Austrian depositary certificates (ADCs) into ordinary shares.
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PropertyEU Archive
Spanish property market heads European cycle
Spain shares many of the qualities that are currently attracting investors to the UK commercial real estate market, according to new research released by CB Richard Ellis. As a result, it is attracting an increasing share of the European property investment market.
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PropertyEU Archive
Prupim seals major UK out-of-town letting
UK real estate property investment manager Prupim has announced one of the biggest out of town lettings in the UK of 2009 at Cribbs Causeway Retail Park.
