All Real Assets articles in Web Issue – Page 456
-
PropertyEU Archive
PointPark receives green light for Polish project
PointPark Properties has received the building permit for the development of two buildings comprising 66,000 m[sup]2[/sup] of space within its PointPark Mszczonow business park in Poland.
-
PropertyEU Archive
ULI members seek more public-private joint ventures
Long-term, solid relationships between the private and public sector are invaluable in securing investment into urban areas, according to a recent survey of the 2,300 European members of Urban Land Institute.
-
PropertyEU Archive
Reyal Urbis to 'temporarily' freeze its development activities
Spanish property company Reyal Urbis is planning to 'temporarily' halt most of its development activities as part of a new debt refinancing proposal with creditor banks. In a statement last week to the Spanish stock market regulator CNMV, the company said that the measure is part of its strategy to ...
-
PropertyEU Archive
IT company buys Swiss property from Zublin
A subsidiary of IT company Optibase has acquired a fully let commercial property in Rümlang, Switzerland from Zublin Immobilien for about EUR 15.5 mln.
-
PropertyEU Archive
IGD acquires Sicilian mall for nearly EUR 100m
Listed Italian property company IGD Siiq has completed the purchase of 100% of the Katane shopping centre in Gravina, eastern Sicily, for a total investment of EUR 98.4 mln. The centre, which opened in May 2009, consists of a 15,000 m[sup]2[/sup] mall with 70 shops, as well as a 8,000 ...
-
PropertyEU Archive
UK shopping centre investment to exceed 2008: Savills
Savills has forecast shopping centre investment turnover in 2009 will exceed the £1.5 bn (EUR 1.6 bn) booked last year following a marked change in investor sentiment towards the sector, which has seen yields begin to harden in the third quarter of 2009.
-
PropertyEU Archive
Rockspring makes EUR 296m acquisitions for Korean pension fund
Rockspring Property Investment Managers announced on Monday that it has completed its first acquisitions in London on behalf of the South Korean National Pension Service's London Property Limited Partnership for a total of EUR 296 mln. The acquisitions comprise 88 Wood Street, which it bought for £183 mln (EUR 202 ...
-
PropertyEU Archive
Bouwfonds parking fund acquires 4th asset in Germany
Bouwfonds European Real Estate Parking Fund acquired another multi-storey car park in Germany from F&C REIT Asset Management. The carpark provides 860 places under the Friedensplatz in the heart of Bonn. The total transaction value is about EUR 13 mln.
-
PropertyEU Archive
WestImmo supports Europa Capital/M7's partnership
German lender Westdeutsche ImmobilienBank (WestImmo) has agreed to support the roll out of Europa Capital and M7's Light Industrial Property Partnership (Lipp). WestImmo has initially provided funding for Lipp's first acquisitions of four industrial estates in Milton Keynes, Didcot, Basildon and Tewkesbury, for about £20 mln (EUR 22 mln).
-
PropertyEU Archive
Italy's Aedes liquidates JV with Operae
Italian property developer Aedes Immobiliare has said that it is liquidating its non-strategic partnerships with Operae as part of its new 2009-2013 business plan aimed at re-launching the company's activities. The Milan-based firm said the initiative would bring EUR 11.5 mln into the company's coffers.
-
PropertyEU Archive
Icade approves merger with SIICInvest
French listed property group Icade and its 90%-controlled SIICInvest unit announced on Friday that the companies' shareholders have approved the planned merger by absorption of SIICInvest into Icade.
-
PropertyEU Archive
UK poised to become retail investment hotspot
The UK is poised to become a retail investment hotspot in the next few years at the expense of Central Europe, according to Alessandro Bronda, head of global investment strategy at Aberdeen Property Investors. Bronda aired the view at the PropertyNL retail conference in Amsterdam last week. PropertyNL is the ...
-
PropertyEU Archive
Dutch vacancy mananger expands service to UK
FMT vastgoedbeheer, the Netherlands-based specialist in vacancy management, is poised to open a branch in London as the first step in its international expansion.
-
PropertyEU Archive
Savills markets portfolio of four German malls
International real estate advisor Savills, on behalf of Prime Commercial Properties (PCP), is marketing a freehold portfolio of four shopping centres in Germany for a guide price of circa EUR 400 mln. The four centres, Allee-Center Leipzig, Billstedt-Center Hamburg, City-Center Chorweiler, Cologne; Haven Höövt Vegesack, Bremen, comprise 139,355 m[sup]2[/sup] of ...
-
PropertyEU Archive
Sovafim sells 11 Parisian properties for EUR 231m
France's Sovafim, a state-owned real estate management company, has sold the Maheu property portfolio for EUR 231 mln, excluding taxes, French business website Business Immo has reported.
-
PropertyEU Archive
Invesco fund acquires Radisson Blu in Hamburg for EUR 155m
Invesco Real Estate has announced it has acquired the Radisson Blu Hotel in Hamburg, Germany, for EUR 155 mln on behalf of Invesco Real Estate's European hotel fund.
-
PropertyEU Archive
Grosvenor predicts recovery for London office returns in 2010
New analysis from Grosvenor Fund Management predicts a sharp recovery in London office returns starting in 2010 and generating 12-13% pa returns over five years. This follows capital value declines in excess of 45% since mid 2007.
-
PropertyEU Archive
GPR 250 Europe Index barely registers gain in October
October was a relatively quiet month for European listed real estate as the GPR 250 Europe index recorded a gain of just 0.8%. Returns were in negative territory in Germany (-10.3%), Austria (-9.9%), Turkey (Is REIT; -4.8%), Finland (-4.7%) and Switzerland (-0.6%). All other European countries in the index ended ...
-
PropertyEU Archive
MIPIM invites entries for architectural awards
The designers of tomorrow's iconic architecture have been invited to submit their designs in competition for the MIPIM Architectural Review Future Project Awards 2010.
-
PropertyEU Archive
BNPP RE signs JV with Italian real estate service provider
BNP Paribas Real Estate said on Friday that it has signed a partnership agreement with Inpartner Servizi, an Italian real estate service provider active in the north of Italy.
