All Real Assets articles in Web Issue – Page 450
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PropertyEU Archive
Prime rents continue to fall but bottom is near: BNP
Prime rents continued to fall across Europe by 1% in the third quarter of 2009, but the bottom is near, according to real estate adviser BNP Paribas Real Estate's latest Office Market Indices. Take-up on the other hand plunged 14%, the strongest fall since the beginning of the crisis.
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PropertyEU Archive
Skanska launches US development business
Swedish construction giant Skanska has expanded its commercial property development business to the US.
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PropertyEU Archive
Neinver launches The Style Outlets concept in Europe
Spanish outlet centre specialist Neinver has announced the creation of a new outlet concept, The Style Outlets. The Company intends to consolidate all the centres it develops and operates in Germany, Italy and Portugal under the new brand.
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PropertyEU Archive
Non-listed property funds move towards consistent reporting
Adoption levels of the Inrev Guidelines on reporting continue to improve among non-listed property funds, according to an Inrev survey.
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PropertyEU Archive
Paris court grants extension of Orco's protection from creditors
CEE property developer Orco Property Group said on Friday that the Paris commercial court has decided to grant an extension of its protection from creditors (Procédure de Sauvegarde) by a further six months. The safeguard procedure protects the company against its creditors.
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PropertyEU Archive
Qatari Diar postpones purchase of HSBC's Paris HQ - report
Qatari Diar, a unit of the Gulf State's sovereign wealth fund, has reportedly postponed the acquisition of HSBC's Paris headquarters, French paper Business Immo reported in its online edition. It remains unclear whether the transaction has really only been postponed or has actually been cancelled, the paper said.
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PropertyEU Archive
Pramerica: potential for long-term income to match liabilities
A liability-driven investment strategy built on the UK property markets could provide institutional investors with the kinds of returns that will help to match long-term obligations and manage risk, according to a recent report from Pramerica Real Estate Investors.
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PropertyEU Archive
Westimmo completes EUR 100m secured loan for Prologis
German lender Westimmo announced on Monday that it has completed a EUR 100 mln structured financing with Prologis on behalf of Prologis European Properties Fund II.
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PropertyEU Archive
L&G passes £110m milestone in acquisition drive
Legal & General Property has completed over £110 mln (EUR 120 mln) of acquisitions as part of its major investment drive to take advantage of the market volatility and capture the 'rare opportunities' presenting themselves in the UK market.
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PropertyEU Archive
Commerzs Real acquires Paris office scheme for EUR 120m
German investor Commerz Real confirmed on Monday that it has acquired the Espace Kléber office scheme in Paris for about EUR 120 mln. The seller was French shopping centre specialist Klépierre.
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PropertyEU Archive
BNP Paribas REIM buys EUR 215m of assets in 2009
BNP Paribas Real Estate Investment Management (REIM) has acquired EUR 215 mln of real estate in the first nine months of the year?. The purchases represent an increase of over 37% in comparison to the same period a year before, the company said.
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PropertyEU Archive
Fondiaria-Sai to spin off EUR 323m of assets to new fund
Italian insurance group Fondiaria-Sai and its unit Milano Assicurazioni have approved a plan to spin off EUR 323 mln of real estate into a new closed-end fund. The Fondo Rho investment vehicle will have a life of 10 years and will be managed by Italian fund manager Fimit.
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PropertyEU Archive
Spanish office investment market may pick up in Q4
First-half investment in Spanish office properties was at its weakest level in over a decade but the market could pick up in the second part of the year as a number of transactions are currently being negotiated.
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PropertyEU Archive
British Land acquires London office property for EUR 44m
British Land announced on Monday that it has exchanged contracts to buy 39 Victoria Street, a 7,000-m[sup]2[/sup] office building in London's West End, from Aviva Investors for £40.25 mln (EUR 44 mln). The investment volume represents an initial yield of 8.4%.
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PropertyEU Archive
Inarcassa shortlists four bidders for EUR 600m portfolio
Inarcassa, the Italian pension fund for self-employed engineers and architects, has shortlisted four companies for the management of EUR 600 mln worth of real estate assets, Italian newspapers reported on Friday. The four bidders are reportedly a partnership of Hines and Salvatore Ligresti's Sai holding company, as well as Fabbrica, ...
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PropertyEU Archive
Carlyle agrees student accommodation jv for Benelux
Global private equity firm the Carlyle Group (Carlyle), has announced the expansion of its real estate operations into the Benelux region by signing a joint venture agreement with Benelux Property Group to build a portfolio of student housing in the region.
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PropertyEU Archive
Lebanese to acquire Credit Suisse's Canary Wharf office - report
A consortium of Lebanese investors led by M1 Real Estate has reportedly agreed to acquire 20 Columbus Courtyard at Canary Wharf from Credit Suisse for more than £150 mln (EUR 164 mln).
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PropertyEU Archive
API Netherlands sells office complex to Schalkwijk Vastgoed
Aberdeen Property Investors Netherlands has sold an office complex in the Dutch city of Eindhoven on behalf of a Swedish pension fund to Schalkwijk Vastgoed. An article in Monday's newsletter incorrectly stated API Netherlands had acquired the building for its client.
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PropertyEU Archive
Former Morgan Stanley research head joins Tristan as COO
Tristan Capital Partners has appointed former Morgan Stanley research head Ian Laming as chief operating officer (COO). Laming was co-head of Equity and Fixed Income Research at Morgan Stanley in London from 2005 until 2007, where he co-managed a department of 265 professionals.
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PropertyEU Archive
Prologis leases 21,000 m[sup]2[/sup] in southwestern Germany
Prologis announced on Tuesday that it has leased a total of 21,100 m[sup]2[/sup] to two customers at Prologis Park Neuenstadt in southwestern Germany.
