All Real Assets articles in Web Issue – Page 446
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PropertyEU Archive
Ex-Eurohypo director joins DIC supervisory board
German property investor and asset manager DIC Group said it has appointed Joachim Plesser to its supervisory board. Plesser, 62, was previously a member of the executive board of German bank Eurohypo.
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PropertyEU Archive
TBWA renews Brussels lease
The advertising group TBWA has renewed the lease of its 2,200 m[sup]2[/sup] offices at the Avenue de la Couronne in Brussels. Tequila, which is part of TBWA, will move to the same address, taking up an area of 1,140 m[sup]2[/sup].
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PropertyEU Archive
Orco secures financing for two Budapest projects
Orco Property Group has signed a contract with UniCredit Bank for the financing of two ongoing retail and office projects in Budapest - Váci1 and Paris Department Store, Eurobuild Poland reported. According to the contract the bank is to cover 75% of the investment value of the two projects.
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PropertyEU Archive
'IVG chief Niesslein mulls capital raise'
German investor IVG is considering holding a capital raise to finance expansion, CEO Gerhard Niesslein said in an interview with Financial Times Deutschland at the EXPO REAL trade fair in Munich this week.
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PropertyEU Archive
Jones Lang LaSalle signs new JV in Croatia
Jones Lang LaSalle has signed an alliance with Croatian property consultants, Viridis Edificium, to cover the capital markets, retail, office and industrial goods and valuation services.
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PropertyEU Archive
Dutch developer CTP sees upturn in Czech market
The financial crisis has accelerated the movement of companies to locations in the Czech Republic due to the combination of lower costs and a highly skilled labour force, according to Remon Vos, CEO of Dutch commercial developer CTP Invest. On 19 October CTP will hand over a new 10,000 m[sup]2[/sup] ...
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PropertyEU Archive
Quintain sells stake in Meridian Delta Dome
Quintain has announced the disposal, with its joint venture partner Lend Lease Europe, of the entire share capital held in Meridian Delta Dome Ltd (MDDL) for £24 mln (EUR 26 mln) to Trinity College, Cambridge. Meridien Delta Dome is the holding company for the 999-year lease of the Millennium Dome.
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PropertyEU Archive
Eastern European recovery will be 'uneven' - SEB
The recession has bottomed out in Eastern Europe, but recovery will be shaky and uneven, Swedish financial group SEB predicts in the October 2009 issue of its Eastern European Outlook. The main reasons for the fragile recovery are public-sector budget consolidation and the fact that credit tightening will ease only ...
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PropertyEU Archive
Multi's Espaco Guimaraes mall opening in November
Multi Development Portugal has announced that its Espaço Guimarães shopping centre in northern Portugal will open on 3 November. The EUR 140 mln project, comprising 41,000 m[sup]2[/sup] of GLA and a retail park of 7,000 m2, will be managed by Multi Mall Management. It was jointly developed by Multi Development ...
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PropertyEU Archive
Investors favour extensions of non-listed funds - Inrev
Fund managers and investors are tending to opt for fund extensions in the current market when evaluating fund terminations, according to the latest study by the European Association for Investors in Non-Listed Real Estate Vehicles.
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PropertyEU Archive
HSH Nordbank investigates 'irregularities' at London office
German property financier HSH Nordbank has called on the City of London Police to help it investigate possibly fraudulent business transactions at its office in London, the bank said in a statement. The transactions in question were carried in the period prior to, and including, 2006.
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PropertyEU Archive
Qataris become largest shareholder in Songbird
Qatar Holding has taken up its rights to 24% of the ordinary shares issued by Songbird Estates, the AIM-listed majority owner of the Canary Wharf business district in London. As a result of the rights take-up, Qatar Holding has emerged as the largest investor in Songbird Estates with total ...
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PropertyEU Archive
Germans zero in on EUR 1bn of assets in France
German investors are in talks to acquire up to EUR 1 bn of French property assets, according to Stephan Von Barczy, head of Capital Markets France at Jones Lang LaSalle.
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PropertyEU Archive
Overseas buyers drive Q3 London investment higher: C&W
Overseas investors were the dominant factor in the third quarter of this year as investment activity in London's commercial property market rose again for the second consecutive quarter, according to new figures from Cushman & Wakefield.
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PropertyEU Archive
SFL secures new EUR 300m loan
French property investment company Societe Fonciere Lyonnaise (SFL) has reached agreement with a consortium of eight banks on a new EUR 300 mln financing facility.
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PropertyEU Archive
Risanamento obtains new EUR 76m loan
Italian debt-laden property company Risanamento announced it has obtained a new credit line of up to EUR 76 mln from a consortium of five Italian banks. The syndicate comprises lenders Intesa Sanpaolo, UniCredit, Banca Popolare di Milano, Banco Popolare and Banca Monte dei Paschi di Siena.
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PropertyEU Archive
IGD buys EUR 82m shopping centre in Faenza
Bologna-based real estate investment trust IGD Siiq has acquired Le Maioliche shopping centre in the northern Italian city of Faenza. The vendor was Italian retail group Coop Adriatica.
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PropertyEU Archive
JC Flowers files suit against squeeze-out at HRE
A group of investors led by US private equity firm JC Flowers has filed a suit with a court in Munich in an attempt to prevent Germany's bank rescue fund Soffin from squeezing out minority investors in Hypo Real Estate.
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PropertyEU Archive
Orco raises stake in German unit, refinances a number of assets
Orco Property Group has reached agreement with a Morgan Stanley-managed investment vehicle to allow Orco to increase its share in its German unit.
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PropertyEU Archive
Zappile becomes interim CEO of Corenet Global
Corenet Global has announced the appointment of Ronald Zappile as interim CEO. Zappile was formerly president of United Technologies Realty. He retired from the position in February 2009.
