All Real Assets articles in Web Issue – Page 425
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PropertyEU Archive
DIC Asset AG stays in the black in H1 2009
DIC Asset reported a net profit of EUR 6.1 mln in the first half of the 2009 financial year, reflecting a higher result of EUR 3.5 mln in the second quarter compared to EUR 2.6 mln in Q1.
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PropertyEU Archive
South African firm to take 25% stake in Capital & Regional
The board of Capital & Regional, the UK co-investing property asset manager, announced on Thursday that it intends to raise gross proceeds of £69.2 mln (EUR 80.1 mln) in a share placement.
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PropertyEU Archive
Hines targets $3.5bn in global REIT IPO
Hines, the US-based international real estate firm, has commenced the initial public offering of Hines Global REIT, a public non-traded real estate investment trust. The company is seeking to raise a maximum of $3.5 bn (EUR 2.4 bn) from the offering.
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PropertyEU Archive
Newsec advises on EUR 77m Finnair leaseback deal
Property broker Newsec has advised Finnair Group's facilities division in the sale-and-leaseback of four properties in the vicinity of Helsinki-Vantaa Airport for EUR 77 mln.
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PropertyEU Archive
Homburg mulls leaving Amsterdam bourse
Entrepreneur Richard Homburg is mulling whether to delist his international real estate company Homburg Invest from Euronext Amsterdam.
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PropertyEU Archive
'Significant minority' of fund investors experience asset repossession
A large minority of investors in European non-listed real estate funds have had an asset repossessed from the fund since the second half of 2008 due to a loan default, according to a debt study published by sector organisation Inrev.
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PropertyEU Archive
IVG clinches largest leasing deal ever in Glasgow
Tesco Personal Finance is to let IVG Immobilien's 12,000m[sup]2[/sup] Broadway One building in Glasgow in what the German company described as the single largest letting transaction in the history of the City of Glasgow.
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PropertyEU Archive
German property remains resilient despite downturn: F&C REIT
The German real estate market remains resilient despite the downturn, according to F&C REIT.
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PropertyEU Archive
LPP takes 1,700m[sup]2[/sup] at Galeria Sanowa in Poland
Clothing group LPP has become a new tenant at the Galeria Sanowa development scheme in the Polish city of Przemysl.
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PropertyEU Archive
Atrium reports EUR 325m H1 loss due to writedowns
Atrium European Real Estate posted a EUR 325 mln loss for the first half of 2009 compared to a EUR 2 mln pre-tax profit for the first six months of 2008.
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PropertyEU Archive
Nanette prepares to ditch AIM listing
The board of Nanette has announced plans to delist the CEE residential property development company from London's junior Alternative Investment market (AIM).
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PropertyEU Archive
Deutsche Land rejects Black Sea bid
Deutsche Land's board has turned down Black Sea Global Properties' £40 mln (EUR 44 mln) takeover offer, saying it was 'unable to recommend it' to shareholders.
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PropertyEU Archive
ECE and Rubicon open Ozas Gallery in Vilnius
Shopping and entertainment centre Ozas Gallery, a project of the Rubicon group and German developer ECE, opened its doors last Thursday in Vilnius. Ozas Gallery was built in less than two years by Kayi Construction.
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PropertyEU Archive
ING Real Estate terminates infrastructure fund
ING Real Estate has ended its EUR 1 bn European Infrastructure Fund (EIF). The fund failed to attract any investors, a company spokesman confirmed. ING decided to terminate the fund due to the weak market and concerns regarding the fund's future, the group said in a statement.
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PropertyEU Archive
Gresham House extends loan facilities
UK financial services and property investment group Gresham House has said that Royal Bank of Scotland has agreed to extend the facilities on both Curtis Road, Dorking and Sugarich, Knowsley for a further 2 years. RBS is also providing an additional facility to replace the previous ...
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PropertyEU Archive
Argan to develop 40,000 m[sup]2[/sup] facility for L'Oreal
French logistics property developer Argan said it has been appointed to develop a 40,000 m[sup]2[/sup] logistics platform for L'Oreal in France. The high environmental quality project will be located in Roye, around 20 km from Amiens. Construction is expected to start in November 2009, with delivery scheduled for June 2010.
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PropertyEU Archive
Uffi Ream buys commercial gallery for EUR 20m
French real estate investor Uffi Ream has acquired a commercial gallery in Malakoff, south of Paris, from the Grosvenor Retail European Properties fund. Uffi Ream is making the acquisition on behalf of an SCPI investment vehicle. The transaction value comes to EUR 20 mln, according to French media reports.
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PropertyEU Archive
Valadier to sell Consob building in Rome
An Italian bankruptcy court has approved the sale of the Consob headquarters in Rome owned by Coppola Group's real estate unit Valadier, which declared itself bankrupt two years ago. The building, which is located in Rome's Piazza Verdi, houses the Italian Antitrust authority Consob and is partly owned by Valadier ...
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PropertyEU Archive
Parkridge halts development of Spanish business park
UK privately-held real estate company Parkridge has halted the development of the Montesol commercial park in Caceres, Western Spain, Spanish newspaper El Periodico Extremadura reported. Although the company received the building permit for the site in 2008, it has not progressed with the construction in the past 12 months, the ...
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PropertyEU Archive
London to get 13,000 new hotel rooms by 2013
The supply of hotel rooms in London is set to grow by 13,000 by 2012, as investors look forward toward the 2012 Olympic Games and beyond. That is one of the key findings of the London Hotel Development Monitor, a publication of TRI Hospitality Consulting in partnership with Visit London.
