All Real Assets articles in Web Issue – Page 455
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PropertyEU Archive
Plaza Centers halts EUR 2 bn pipeline in Romania
CEE real estate developer and investor Plaza Centers has frozen its developments in Romania, representing an investment of EUR 2 bn in the country, newspaper Ziarul Financiar has reported. Plaza Centers' head of Romania Luc Ronsmans told the paper that the company's eight projects in the country have been put ...
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PropertyEU Archive
CBRE and JLL back in profit in Q3
CB Richard Ellis and Jones Lang LaSalle, the two largest global property advisers, have reported a return to profit in the third quarter of the year. Declines in revenues were in part compensated by the companies' extensive cost-cutting programmes.
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PropertyEU Archive
Overseas investors take 82% of London office investment market in Q3
International investors dominated Central London office investment transactions in the third quarter of 2009, accounting for 82% of completed deals, according to new research from CB Richard Ellis. This is the largest quarterly share of cross-border investment in the Central London market on record.
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PropertyEU Archive
IVG to launch EUR 400m London recovery fund
IVG Immobilien, Germany's largest commercial property company, is launching a EUR 400 mln London Recovery fund to ride the wave of market growth predicted for the West End office market for the next years.
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PropertyEU Archive
Heitman raises over EUR 500m for CEE property fund
US real estate investor Heitman has closed its fourth value-added property fund targeting Central and Eastern European commercial and residential property.
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PropertyEU Archive
Orco hires former Afi Europe director to head development unit
CEE property investor and developer Orco Property Group said it has appointed Ogi Jaksic to the position of Development Director for Central Europe. Jaksic's responsibility is to oversee the development activities of the group in that region with a focus on major development schemes.
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PropertyEU Archive
Atrium opens extension at Volgograd Park House
Atrium European Real Estate has announced the opening of an extension to its Volgograd Park House shopping centre in Russia. The extension comprises an 11,800 m2, stand-alone retail box with 314 parking spaces, which is fully let to OBI, the leading German DIY company, under a 15-year lease agreement ...
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PropertyEU Archive
DG HYP finances mixed-use building for Catella fund
German property lender DG HYP (Deutsche Genossenschafts-Hypothekenbank) said on Thursday it has provided a SEK 280 mln (EUR 27.4 mln) facility to Focus Nordic Cities, an open-ended real estate fund managed by Catella Real Estate. The loan will be used to finance Baltzar City, a retail and office building in ...
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PropertyEU Archive
Three more cities join ULI's Urban Investment Network
The cities of Amsterdam, Edinburgh and Istanbul have signed as founding members of the Urban Land Institute's Urban Investment Network, a new platform to improve public-private collaboration in urban investment and development. The announcement was made on Thursday at the first ever UIN summit at the Palau de Musica in ...
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PropertyEU Archive
Sponda to build 22,000-m[sup]2[/sup] facility for Metso in Finland
Finnish property investor Sponda said it has signed an agreement with the international technology supplier Metso Automation for the development of a production facility near the Finnish city of Vantaa. The new building, with a floor area of some 22,000 m2, will be built next to the Honkatalo logistics centre ...
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PropertyEU Archive
Kempinski to build 150-room hotel in Vienna
A consortium of Porr Solutions, Warimpex, Vienna Insurance Group and Wien Holding has signed a letter of intent with the German luxury hotel operator Kempinski for the operation of the Palais Hansen building in the heart of Vienna. The property, which is being redeveloped and transformed into a new 150-room ...
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PropertyEU Archive
Serbia's first outlet centre to open in 2010
Black Oak Development has appointed European outlet specialists, GVA Outlets, to manage, operate and lease the Belgrade Outlet Shopping Centre, the first outlet centre in Serbia.
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PropertyEU Archive
C&W sees 'green shoots' as European investment jumps 53% in Q3
Green shoots of recovery are at last starting to appear in the European property market, with investment volumes jumping 53% in the third quarter to EUR 19.6 bn, yields stabilising and even the occupational market managing to show some more encouraging signs, at least of approaching stability, according to Cushman ...
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PropertyEU Archive
Orascom buys 90% of Montenegro project
Orascom Development, a Swiss/Egyptian listed property group, has entered into an agreement with the Government of Montenegro to acquire a 90% stake in Lustica Development Podgorica, the developer of a 6.8 million m[sup]2[/sup] site in Tivat on the Mediterranean's Traste Bay. The State of Montenegro is retaining the remaining 10% ...
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PropertyEU Archive
Alstria sells EUR 93m office portfolio
Alstria office REIT has announced it is selling seven office assets for EUR 93.4 mln in the largest office portfolio deal in Germany so far this year. The identity of the buyer was not disclosed.
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PropertyEU Archive
Risk aversion remains across Europe: DTZ
Commercial real estate investors across Europe show little willingness to move up the risk curve, according to DTZ's latest European Quarterly report. Over the third quarter, commercial real estate investment activity remained focused on the main liquid and transparent markets of Western Europe.
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PropertyEU Archive
Berlin office letting market most stable in Germany: NAI Apollo
The office letting market in Berlin has proven to be more stable than other leading German markets, according to NAI Apollo. So far this year the Berlin branch of the independent real estate consulting group has brokered 9,000 m[sup]2[/sup] of office space letting. About 50% of all mediated rental ...
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PropertyEU Archive
Liebrecht & Wood to build new outlet centres in Romania
Belgian property company Liebrecht & Wood has invested around EUR 30 mln to acquire 60 hectares of land across three locations in the surroundings of Bucharest. The company plans to develop new outlet and retail centres on the sites, newspaper Ziarul Financiar has reported, quoting Liebrecht & Wood's founder Johan ...
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PropertyEU Archive
SPS buys Jelmoli to create largest Swiss property company
Real estate investment company Swiss Prime Site (SPS) said it has acquired 96.05% of the share capital of peer Jelmoli Holding, creating Switzerland's largest listed property company by market value. Following the operation, Jelmoli's Walter Fust will resign from the board of directors with effect from 31 October 2009.
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PropertyEU Archive
Prime rental levels stabilise in European office markets: JLL
Prime office rental levels stabilised in the majority of European markets in Q3 2009, according to the latest Jones Lang LaSalle European Office Clock
