All Real Assets articles in Web Issue – Page 457
-
PropertyEU Archive
Qatari Diar to buy US Embassy in London
The real estate investment arm of the Qatari government is to acquire the US embassy building in Grosvenor Square in London. The US State Department issued a statement on Tuesday to announce Louis B. Susman, the US Ambassador to the UK, had signed an agreement with the Qatari Diar Real ...
-
PropertyEU Archive
Hines' Zielo mall opens its doors near Madrid
US privately held developer and investor Hines said that its Zielo shopping centre opened its doors last week in the Spanish city of Pozuelo de Alarcon, near Madrid. The company has invested around EUR 100 mln in the development of the mall, which includes 42 shops.The project has a total ...
-
PropertyEU Archive
UK property market emerges from slump: IPD
UK commercial property capital values rose over the third quarter of this year by 1.5%, a 5.6% improvement on the previous three month period, according to the IPD UK Quarterly Property Index Q3 2009.
-
PropertyEU Archive
German real estate market 'surging': King Sturge
The King Sturge Real Estate Economy Index for Germany continued its upward trend in October at a steady, if slackening, pace compared to the previous month. The survey-based Real Estate Climate improved for the sixth consecutive time, now equalling 78.2 points (previous month: 75.6).
-
PropertyEU Archive
Airport Industrial sells prime Heathrow industrial estate for EUR 18m
The Airport Industrial Property Unit Trust, managed by Scottish Widows Investment Partnership, has completed the disposal of Mereside Park, Shield Road, Bedfont to Royal London Asset Management. The transaction volume of £16.2 mln (EUR 18.1 mln) reflects a net initial yield of 6.78%.
-
PropertyEU Archive
Aberdeen completes lease agreement for 5,500m[sup]2[/sup] in Finland
Aberdeen Property Funds SICAV-FIS Pan-Nordic has completed a 5,500-m[sup]2[/sup] lease agreement with the IT company, Tieto, at a property located at Mattilanniemi 8, Jyväskylä, Finland. The fund has a value added profile and is aiming to provide excess returns to investors through active asset management.
-
PropertyEU Archive
Luxembourg to offer buying opportunities in 2010: Savills
Luxembourg's office market will see some buying opportunities in 2010 as funds reassess their position, according to Savills. The market, which has seen a steep decline in office take up and a very small number of investment transactions, is set to return next year as GDP growth is forecast at ...
-
PropertyEU Archive
Schroder sells Italian logistics centre to Pramerica for EUR 27m
Schroder Property Investment Management Italy has announced the sale of a 32,000 m[sup]2[/sup] logistic centre in Basiano near Milan to TMW Pramerica Real Estate Investors. Schroder Italy Fund N1 has disposed of the newly-built property for a price of approximately EUR 26.8 mln, representing a gross yield of 7.87%.
-
PropertyEU Archive
TMW Pramerica buys Paris building for EUR 38m
TMW Pramerica Property Investment, the property arm of US financial institution Prudential Financial, has acquired a commercial building in the 13th arrondissement of Paris for around EUR 38 mln. In a statement this week, the Munich-based investor said that the asset was acquired from French project developer Bouyques Immobilier. The ...
-
PropertyEU Archive
Catella fund carries out EUR 57m investments in Nordics
Catella's Focus Nordic Cities open-ended real estate fund has acquired two office buildings for a total investment volume of EUR 57 mln. In the larger of the two transactions, the fund purchased the 11,300-m[sup]2[/sup] Baltzar City in Malmo, Sweden for EUR 40 mln. The property which comprises office and retail ...
-
PropertyEU Archive
WW Advisors appoints Jonathan Edmunds as director
WW Advisors, a UK-based real estate boutique providing specialised investment and financing advisory services throughout Europe, has appointed Jonathan Edmunds as director to originate, analyse and execute deals as the company continues to seek opportunities.
-
PropertyEU Archive
C&W appointed by Reckitt Benckiser for Warsaw HQ search
Reckitt Benckiser, a global consumer goods company, has selected Cushman & Wakefield to renegotiate the current lease agreement and relocation of the company's headquarters in Warsaw.
-
PropertyEU Archive
British Land appoints two new executive directors
British Land announced on Wednesday that Stephen Smith has joined the company as executive director and chief investment officer. He is currently global head of Asset Management at AXA Real Estate Investment Managers.
-
PropertyEU Archive
Marrison becomes sole head of LaSalle's European business
LaSalle Investment Management announced on Wednesday that Simon Marrison is becoming sole head of LaSalle's business in Europe as European co-head Charles Maudsley is joining British Land.
-
PropertyEU Archive
Central European office markets set to outperform: CBRE
Several Central European (CE) office markets are well placed to show above-average occupational market performance in the short- to medium-term, not only compared to their Central and Eastern European (CEE) neighbours, but also compared to several EU-15 markets, according to CB Richard Ellis.
-
PropertyEU Archive
Multi drafts in Gloria Gaynor for Forum Palermo celebration
Disco icon Gloria Gaynor will perform live in Palermo later this month at the start of a week of celebrations leading up to the opening of Multi Development's Forum Palermo shopping centre.
-
PropertyEU Archive
IBUS Company places UK retail fund
The IBUS company has finalised the placement of a fund which invests in four British high street retail properties. The shares in the fund were fully placed, with investors comprising a limited number of high net worth individuals and family offices. The invested capital amounts to around £13 mln. The ...
-
PropertyEU Archive
CA Immo issues EUR 135m of bonds, opens first retail centre in Hungary
Austrian property company CA Immo is issuing at least EUR 135 mln in convertible bonds in a bid to boost its finances. The company said that the volume may be increased to EUR 150 mln if bookrunners, Deutsche Bank and UniCredit, exercise a greenshoe option to buy another EUR 15 ...
-
PropertyEU Archive
Rezidor, RHC to develop new 150-room hotel in Russia
Rezidor Hotel Group and Regional Hotel Chain (RHC) are teaming up to develop a new Park Inn hotel in Yaroslavl, Russia. The move is part of an agreement signed by the two business partners in March 2009 to develop at least 20 Park Inn hotels across the Russian Federation.
-
PropertyEU Archive
Allianz RE reportedly buys La Colisee for EUR 160m
German investor Allianz Real Estate Germany has reportedly acquired La Colisee office building in Paris' La Defense business district from Morgan Stanley's French listed real estate investment arm La Lucette.
