All Real Assets articles in Web Issue – Page 440
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PropertyEU Archive
Reyal Urbis halts development of Madrid project
Troubled Spanish property company Reyal Urbis has frozen the development of its flagship project in Madrid, Castellana 200, amid difficulties in refinancing EUR 4.8 bn of debt, Spanish newspapers have reported.
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PropertyEU Archive
Klepierre's Odysseum mall opens its doors in Montpellier
French property company Klepierre has announced the opening of its Odysseum shopping centre in the French city of Montpellier.
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PropertyEU Archive
Eurasia puts Moscow's Paveletsky mall on the market
Russia's Eurasia Investment & Industrial Group has put its flagship Paveletsky shopping and entertainment centre in Moscow on the market. According to an article on news website DW, the project involved development costs of about $200 mln (EUR 135 mln). The scheme comprises 117,000 m[sup]2[/sup] of retail space distributed across ...
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PropertyEU Archive
Fortis Real Estate acquires Belgian complex
Fortis Real Estate has acquired the Gent Zuid mixed-use complex in Ghent, Belgium from ING Real Estate Investment Management Belgium (ING REIMB). The financial details of the transaction were not disclosed.
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PropertyEU Archive
UFFI REAM acquires Paris shopping gallery
French real estate investor Uffi Ream has acquired a retail scheme in Malakoff, south of Paris, from the Grosvenor Retail European Properties Fund. Uffi Ream has purchased the property on behalf of an SCPI investment vehicle for EUR 20 mln.
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PropertyEU Archive
CEE investment jumps after raft of summer deals
Property investment in Central and Eastern Europe (CEE) totalled EUR 458 mln in the July-August period following the close of 17 transactions, according to the September edition of CB Richard Ellis' CEE Property Investment MarketView. Most of the sales closed in the summer months were done off market.
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PropertyEU Archive
FM Logistic signs lease agreement with Europolis
Cushman & Wakefield has represented FM Logistic in the negotiations of a lease agreement for 35,000 m[sup]2[/sup] in Europolis Park Poland Central. It is the year's largest warehouse lease transaction to date in Poland.
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PropertyEU Archive
JLL establishes alliance with Sadolin & Albæk in Denmark
Jones Lang LaSalle has announced an alliance with Sadolin & Albæk, a leading real estate adviser in Denmark, strengthening its position in the Nordic and international real estate markets.
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PropertyEU Archive
INREV appoints Lonneke Lowik as new research director
The European Association for Investors in Non-Listed Real Estate Vehicles (INREV) has appointed Lonneke Löwik as director of Research and Market Information. The role oversees the association’s research agenda as well as the collection of key market information via the INREV Vehicles Database and the INREV Index.
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PropertyEU Archive
Fonciere Atland starts development of Urban Valley
French property developer Fonciere Atland has begun construction of its Urban valley business park in Cormeilles-en-Parisis, a northwestern suburbs of Paris. The project, designed by architects Monique Labbé, Matali Crasset and Eco-R d'Isabelle Hurpy, covers an area of three hectares and will consist of seven office buildings with spaces ranging ...
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PropertyEU Archive
Munich most attractive for real estate investment: LaSalle
Munich holds greater attractions for investors over the medium term than any other European city, according to a new study published by LaSalle Investment Management.
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PropertyEU Archive
XXI Century still negotiating restructuring with banks
AIM-listed Ukrainian real estate firm XXI Century Investments said on Wednesday that negotiations with local banks on the restructuring of its secured credit facilities have yet to be completed. This has resulted in a further delay in the publication of the firm's 2008 financial report.
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PropertyEU Archive
PEPR cancels shareholders' meeting
Prologis European Properties (PEPR), the European arm of Denver-based Prologis, has cancelled an Extraordinary General Meeting (EGM) called for 30 September 2009 and has pledged to review alternative capital raising plans with its board following criticism from shareholder APG.
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PropertyEU Archive
Colliers CRE on verge of 'substantial refinancing'
Colliers CRE, the listed UK affiliate of global broker network Colliers International, said on Wednesday that it was in the closing stages of a substantial refinancing, including an equity fundraising. Trading in Colliers CRE shares on London's junior AIM exchange was suspended as the broker is not in a position ...
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PropertyEU Archive
Foruminvest withdraws from Turkey
Foruminvest has announced that it has terminated its presence in Turkey and closed its representative office in Istanbul 'due to a revised strategic focus and changed market circumstances'. The European shopping centre investment and development firm has been active in Turkey for two years but has not started any development ...
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PropertyEU Archive
Commerz Real lets record 300,000m[sup]2[/sup] so far in 2009
German real estate fund manager Commerz Real said it has leased a record 300,000 m[sup]2[/sup] of office, retail, and logistics space so far this year despite the difficult market situation.
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PropertyEU Archive
Sal. Oppenheim acquires 16,500-m[sup]2[/sup] office scheme in Essen
Hochtief Projektentwicklung has sold its Rüttenscheider Tor office project in Essen to Sal. Oppenheim. The private bank is buying the office building which has a gross floor area of around 16,500 m[sup]2[/sup] for a real estate fund, which will be offered to the bank's clients. Financial details were not disclosed.
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PropertyEU Archive
Land Secs confirms sale of retail park for EUR 49m
Land Securities confirmed on Thursday that it has completed the long leasehold sale of the Chester Retail Park in the UK to Consolidated Property Group (CPG). The investment volume of £44.5 mln (almost EUR 49 mln) reflects a yield of 6.9%.
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PropertyEU Archive
Grainger agrees £615m forward start facilities
Grainger has successfully signed two new forward start credit facilities totalling £615 mln (EUR 674 mln). The UK residential group said the facilities will provide extended liquidity for the group at the time when certain facilities are due to expire.
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PropertyEU Archive
OVG delivers new Teleport office in Amsterdam
Dutch developer OVG has delivered the new headquarters building for telecoms group KPN in the Teleport business area near Sloterdijk train station in Amsterdam. The 23,000-m[sup]2[/sup] property and 190 parking spaces was completed in 18 months.
