All Real Assets articles in Web Issue – Page 447
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PropertyEU Archive
ICSC hails retail sustainability standard
Five European shopping centre have achieved the first ever pan-European sustainability standard endorsed by the International Council of Shopping Centers (ICSC), the global trade association of the shopping centre industry, in less than 12 months.
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PropertyEU Archive
UK professionals see 'significant improvement' in sentiment
More than half of the panel of property experts taking part in Reita's quarterly Property Investment Perspective have seen a 'significant improvement' in investor sentiment towards UK property investment conditions in the past quarter.
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PropertyEU Archive
Immoeast relets 40,000 m[sup]2[/sup] in Hungary
CEE investor Immoeast has extended existing lease contracts for about 40,000 m[sup]2[/sup] in the Euro Business Park in Budapest. The lease conditions were signed at market standards, with an average maturity of five years.
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PropertyEU Archive
European industrial investment down 50% in H1
Total direct industrial real estate investment volumes in Europe amounted to EUR 2.2 bn in the first half of 2009, reflecting a 45% fall on H2 2008 and a 50% fall on H1 2008, according to Jones Lang LaSalle’s latest European Industrial Markets Autumn 2009 report.
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PropertyEU Archive
Bank rescue fund acquires 100% of Hypo Real Estate
The nationalisation of German real estate lender Hypo Real Estate was formalised on Tuesday when the Regional Court in Munich entered the transfer resolution for the squeeze-out of Hypo's minority shareholders into the Commercial Register.
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PropertyEU Archive
French investment market hits lowest level in 12 years: Colliers
Commercial property investment activity in France totalled EUR 2.4 bn in the first half of 2009, the lowest level in 12 years, according to a new research report issued by Colliers this week. The figure is nearly 70% down on 2008 volumes.
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PropertyEU Archive
Madrid's office take-up to drop by 43% in 2009
Madrid's office take-up is forecast to drop by over 40% this year, its weakest point since the beginning of the 1990s, according to Jorge Sena, head of JLL's Spanish team.
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PropertyEU Archive
PEPR closes new EUR 48m loan with Helaba
Prologis European Properties (PEPR), Europe's largest owner of modern distribution facilities, announced on Tuesday that it has completed a new five-year secured bank loan facility for approximately EUR 48 mln with Landesbank Hessen-Thüringen ( Helaba). The German financier is a new lender for PEPR.
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PropertyEU Archive
Euro Ejendomme opens EUR 500m hotel fund to UK investors
German-Danish real estate investor Euro Ejendomme has opened its business hotel fund 'Euro Ejendomme SICAV-FIS Hotelfonds I' to UK investors. The fund invests in 2-4-star business hotels, mainly in Germany, though Switzerland and Austria are also possible locations.
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PropertyEU Archive
Kungsleden reacquires properties for EUR 51m
Listed Swedish property company Kungsleden said on Tuesday it is reacquiring five commercial properties in Sweden for an investment volume of SEK 525 mln (almost EUR 51 mln), before deferred tax. The vendor is Northern Logistic Property (NLP) of Norway and the price reflects an initial yield of 9.1%.
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PropertyEU Archive
Kings Place in London scoops top UK office award
The Kings Place office development in London's King's Cross won two top prizes at the British Council for Offices's (BCO) annual awards ceremony held earlier this week in the UK capital. The development was named 'Best of the Best', the highest BCO Award accolade, as well as being voted Best ...
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PropertyEU Archive
Multi wins Dutch-German trade award
Multi Germany has received the 2009 Economy Award from the German-Dutch Chamber of Commerce for its innovative approach and substantial contribution to cross-border business between the two countries.
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PropertyEU Archive
Barcelona hosts first Euro-Arab real estate conference
Real estate experts from the Arab world and Europe are to converge on Barcelona at the end of the month for the inaugural Euro-Arab Real Estate Conference. The event on 27-28 October is designed to explore investment opportunities and to build sustainable cooperation between the two regions in the property ...
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PropertyEU Archive
British Land loses three senior members of retail division
UK REIT British Land has confirmed that Andrew Jones has tendered his resignation as executive director and head of retail. Jones will leave the company on 31 January 2010.
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PropertyEU Archive
DG Hyp steps up business in Nordics
German lender Deutsche Genossenschafts-Hypothekenbank (DG Hyp) announced on Tuesday that it has provided a SEK 415 mln (EUR 40.3 mln ) facility to Aberdeen Property Investors (API). The loan will be used to finance the acquisition of two properties in Sweden by a fund managed by API. The assets are ...
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PropertyEU Archive
Serdika Center celebrates topping-out
The construction of Serdika Center in Sofia, one of the biggest shopping and office centers in southeastern Europe, is on course. Construction workers and the planning staff celebrated the topping out on 8 October. 'Despite the current economic situation the construction works are in line with our schedule, which shows ...
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PropertyEU Archive
Filip Rerko rejoins Colliers International.
Czech office market specialist Filip Rerko is rejoining Colliers International after a six-month break. He will be responsible for tenant representation in a newly formed department. Rerko, 25, comes from consulting company King Sturge, which he joined earlier this year on leaving Colliers International.
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PropertyEU Archive
European fund returns reflect currency and leverage effects: IPD
The European real estate funds held by institutional investors delivered negative euro returns for the year to June 2009 of -24.5%, as measured by the IPD European Pooled Property Fund Indices (e-PPFI).
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PropertyEU Archive
Lack of prime product drives yields down in Paris
Prime office yields have started to come under pressure in Paris' CBD as a result of increasing demand for prime property in the third quarter of 2009, according to Nicolas Verdillon, CBRE's head of Capital Markets France. 'There are more buyers for core products than product itself, and the competition ...
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PropertyEU Archive
Reyal Urbis hires JLL to sell property
Spanish cash-strapped property company Reyal Urbis has appointed Jones Lang LaSalle to manage the disposal of two properties worth a combined EUR 100 mln, according to sources close to the process. The assets consist of an office building in a secondary location as well as a business park near Madrid ...
