All Real Assets articles in Web Issue – Page 443
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PropertyEU Archive
Fundimo sells 12,000 m[sup]2[/sup] office building in Lisbon
Cushman & Wakefield has advised Fundimo SGFII, an investment fund managed by savings bank Grupo Caixa Geral de Depósitos, in the sale of the ExpoFinanças office building in Lisbon, Luís Rocha Antunes, head of C&W’s Portuguese office, told PropertyEU in an interview during the first day of the EXPO REAL ...
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PropertyEU Archive
CEE investment volumes down 83% in 2009 - JLL
Commercial property investment in the CEE region is set to fall to just EUR 1 bn this year, Tomasz Trzoslo, head of Capital Markets Central Europe at Jones Lang LaSalle, told PropertyEU in an interview during the EXPO REAL fair in Munich.
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PropertyEU Archive
Investors to return to Turkey, but not until late 2010
Investment in the Turkish property sector is not expected to return to significant levels until the second half of 2010 at the earliest, according to Murat Ergin, head of Savills’ associate Kuzeybati Worldwide Real Estate Services in Turkey.
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PropertyEU Archive
SWIP to raise EUR 218m UK metropolitan fund
UK asset manager Scottish Widows Investment Partnership (SWIP) is looking to raise a £200 mln (EUR 218 mln) for a new fund to take advantage of the price correction in seven main cities in the UK.
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PropertyEU Archive
HSBC sells New York headquarters for $330 mln
British banking giant HSBC has agreed to sell its New York head office to Israeli investment holding company IDB Group for $330 mln (€224 mln) in cash. The London-based bank will lease back the entire New York building for one year, and floors one to 11 for a further 10 ...
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PropertyEU Archive
Industrial investment volumes fall 50%
Total direct industrial real estate investment volumes came in at €2.2bn in the first half of 2009, a 45% fall on the second half of 2008 and a 50% dip from the first half of 2008, according to Jones Lang LaSalle’s latest European Industrial Markets Autumn 2009 report.
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PropertyEU Archive
AIB puts EUR 500m portfolio on the market
AIB Capital Markets has put a EUR 500 mln property portfolio in Central and Eastern Europe up for sale, sources close to the sale process told PropertyEU during the Expo Real property fair. The portfolio, which is held by AIB’s Polonia Fund, comprises five office buildings in Warsaw, one in ...
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PropertyEU Archive
Real IS launches EUR 500m Euroland fund
Germany’s Real IS has started fundraising for a EUR 500 mln fund, BGV IV, which will invest in eurozone countries. The company is looking to raise equity of up to EUR 350 mln for the fund, with the first closing expected by the end of 2009. This is the first ...
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PropertyEU Archive
Outlet fund seeking EUR 80 mln for expansion of assets
Henderson European Outlet Mall Fund is working to raise EUR 60-80 mln to finance the expansion of four of its key assets. David Williams, manager of the EUR 1.2 bn Outlet fund, told PropertyEU at EXPO REAL the equity and a conservative amount of debt would be used to add ...
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PropertyEU Archive
Berlin Hyp seals EUR 91m deal in Paris
German bank Berlin Hyp has taken over the financing of the A4C office complex in Paris's central Rive Gauche district, with a total volume of EUR 91.5 mln. The fully let property was recently acquired by Union Investment Real Estate's UniImmo: Deutschland Fonds, in an effort to diversify its ...
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PropertyEU Archive
‘Slow but steady progress’ across most EMEA real estate, Colliers
Fewer than one-in-three EMEA countries anticipate further softening over the next 6 months, according to latest research from property consultancy Colliers International, which concludes that worldwide.yields appear to have stabilised.
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PropertyEU Archive
Investors back in action but financing still an obstacle for some
Long-term institutional investors are buying property again and looking to conclude further deals, the majority of participants in the opening panel at this year's EXPO REAL declared on Monday. CEO Olivier Piani of Allianz Real Estate said the insurance giant is looking to increase its real estate allocation, currently at ...
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PropertyEU Archive
Cross-border investors poised for return to Americas, JLL
Although transactions in the Americas are down significantly, cash-rich cross-border investors are well positioned to make a return to investment in North and South America in 2010, Jones Lang LaSalle’s International Capital Group experts said today at the EXPO REAL show in Munich, Germany.
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PropertyEU Archive
Mayfield seeking to expand its European asset management network
Mayfield Asset and Property Management is seeking to expand its European network for German banks and investors, the company announced at EXPO REAL. Mayfield is based in Londen but has opened offices in Germany, the Netherlands, Belgium and Switserland. It works in partnerships with trust companies and specialised tax advisors ...
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PropertyEU Archive
French banks back in business
A consortium of five international banks have provided a EUR 180 mln loan for the Tour Mozart tower in one of the largest refinancing deals in the French market so far this year. Ronald Fuchs, head of Helaba’s French business, told PropertyEU in an interview during the EXPO REAL real ...
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PropertyEU Archive
Domestic banks a growing force in Russian property market
The fallout of the financial crisis in Russia has resulted in a significant amount of property falling into the hands of the country’s leading banks. ‘Banks are increasing their grasp in the property sector,’ said Charles Boudet, managing director of Russia and CIS at Jones Lang LaSalle in Moscow. While ...
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PropertyEU Archive
SWIP buys 'chequered history' Edinburgh retail park
Invista Real Estate has sold Hermiston Gait, Edinburgh to Scottish Widows Investment Partnership Property Trust (SWIP) for £66 mln (EUR 71 mln). The 28,000 m[sup]2[/sup] prime retail park is situated to the west of Edinburgh, adjacent to the proposed tram network and Edinburgh Park railway station. Invista Real Estate ...
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PropertyEU Archive
Price cuts lead Carlyle to switch focus in Italy
Property investor Carlyle has switched its focus in Italy towards Rome and Milan following a fall in prices, said Roberto Ardagna, Associate Director at Carlyle, said in an interview with PropertyEU at EXPO REAL in Munich. In the past, Carlyle’s acquisitions were primarily in residential properties in regional cities like ...
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PropertyEU Archive
Interest spreads to secondary property in key European markets, CBRE
CB Richard Ellis’ European investment market briefing at EXPO REAL in Munich today revealed investor sentiment is improving across much of western Europe, mirroring the better economic performance and the strong run in Europe’s stock markets since March. Many REITs are now trading at a premium to NAV, indicating an ...
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PropertyEU Archive
Investors looking more selectively at CEE- DTZ
Investors are now returning to crisis-hit Central and Eastern Europe, Doug Hardman, DTZ Investment Director for Continental Europe said in an interview with PropertyEU. The big difference now is that investors are looking much more on a country-by-country basis rather than the region as a whole, he said.
