All Real Assets articles in Web Issue – Page 459
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PropertyEU Archive
Market pulse: prime rents stabilising
Real estate investors have received a welcome boost with the news that prime office rental levels stabilised in the majority of European markets during the third quarter of 2009.
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PropertyEU Archive
Nexity delivers 20,000 m[sup]2[/sup] scheme near Barcelona to UBS
French property company Nexity said it has completed a new 19,500 m[sup]2[/sup] office complex located in Sant Cugat del Vallès, near Barcelona. The scheme, comprising the Kibo and Vinson buildings, was developed for UBS Euroinvest Immobilien, a real estate fund managed by UBS Global Asset Management.
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PropertyEU Archive
Acciona to sell Madrid office for EUR 100m
Spanish infrastructure group Acciona has reportedly entered into exclusive negotiations with pension fund La Mutualidad de la Abogacía (the Spanish private pension fund for lawyers) to sell two office buildings in Madrid for EUR 100 mln. According to a news report in Europroperty, the two buildings are located in Madrid's ...
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PropertyEU Archive
FDL buys EUR 118m worth of property from Predica
Foncière Développement Logements (FDL) has acquired EUR 118 mln worth of property in France from Credit Agricole's insurance arm Predica.
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PropertyEU Archive
Urbas Guadahermosa to issue EUR 150m worth of bonds
Spanish property company Urbas Guadahermosa plans to issue EUR 150 mln in convertible bonds, increasing its share capital to EUR 240 mln.
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PropertyEU Archive
Spain's Banesto seeks S&L on 24 properties
Spanish bank Banesto has reportedly put a portfolio of bank branches and office properties on the market with a price tag of EUR 150 mln. According to financial newspaper Expansion, the lender has hired Aguirre Newman to manage the sale process of 24 flagship properties in Spain's major cities.
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PropertyEU Archive
UK bank real estate lending falls in Q3: JLL
The latest Bank of England lending figures show that bank lending in sterling to real estate over the third quarter of 2009 fell for the first time since December 1997, according to Jones Lang LaSalle.
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PropertyEU Archive
Pirelli RE sees 3Q loss widens to EUR 58m
Pirelli Real Estate saw its losses widen to EUR 58 mln in the first nine months of the year from EUR 13 mln a year before. Revenues dropped 33% to EUR 199 mln in the third quarter, from EUR 296 mln in the same period in 2008.
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PropertyEU Archive
Urban&Civic buys former Alconbury Airfield
Urban&Civic has acquired the former Alconbury Airfield in Cambridgeshire, UK for £27.5 mln (EUR 30.8 mln). The property was commissioned as an American airbase during the Second World War and was declared surplus to requirements by the Ministry of Defence in March 1995. The existing estate comprises over 100 ...
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PropertyEU Archive
YIT and BPT form Russian development partnership
Finnish international developer YIT and Copenhagen-based Baltic Property Trust (BPT) have signed a strategic partnership agreement for the Russian real estate market.
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PropertyEU Archive
ECE to lease and manage Central Bratislava
Immocap Group has commissioned ECE Projektmanagement Praha for the planning, leasing and centre management of the Centrál shopping centre in Bratislava. 'We are very pleased that we have won such an important and experienced partner as ECE for our project,' said Petr Luke and Michal Lazar, managing directors of the ...
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PropertyEU Archive
Castellum wins first BREEAM-certified property in Sweden
A full-service facility in Gothenburg developed by Castellum AB's subsidiary Eklandia Fastighets for and together with Toyota has been assigned Sweden's first BREEAM certification. Castellum's real estate portfolio now comprises 74 properties with a Green Building classification.
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PropertyEU Archive
Robust rents slow capital depreciation in Netherlands
Dutch commercial property markets have completed four consecutive quarters of negative capital growth although the latest third quarter figure, at -0.8%, is the shallowest decline since the downturn, according to the ROZ/IPD Netherlands Quarterly Property Index.
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PropertyEU Archive
FDR buys 50% of Velizy Campus for EUR 191m
French office-focused Fonciere des Regions (FDR) has finalised the acquisition of a 50% stake in the Velizy Campus business park located south-west of Paris, CEO Cristophe Kullmann said the presentation of the company's third-quarter results on Monday. The company, which already owned 50% of the project, is buying the other ...
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PropertyEU Archive
Gallery to open at D2's 23 Savile Row property
Hauser & Wirth, a leading contemporary art gallery, has acquired a new lease on over 12,500 square feet of space in D2 Private's 23 Savile Row property for its new London gallery. This follows the recent opening of Hauser & Wirth's New York gallery.
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PropertyEU Archive
L&G acquires office near Heathrow for EUR 29m
Legal & General Property has acquired the freehold interest of No 4 The Square, Stockley Park, near London's Heathrow Airport for £26 mln (EUR 29 mln), representing a net initial yield of 8.76%. The 7,560-m[sup]2[/sup] of Grade A office building was bought on behalf of L&G's Linked Pensions Fund from ...
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PropertyEU Archive
Aareal Bank posts stable result in Q3
German real estate lender Aareal Bank has posted a pre-tax profit of EUR 25 mln in the third quarter of 2009. The result matched the pre-tax profit for the second quarter and was well up on the EUR 17 mln pre-tax profit achieved in the first three months of this ...
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PropertyEU Archive
UK pooled funds hit two-year high inflows in Q3
UK unlisted pooled property funds (PPFs) raised £704 mln (EUR 788 mln) of new money in the third quarter of 2009. This was more than double the £320 mln raised in the second quarter and the highest level for two years, the Association of Real Estate Funds (Aref) said in ...
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PropertyEU Archive
Deutsche Pfandbriefbank completes EUR 70m syndication
Deutsche Pfandbriefbank announced on Tuesday that it has returned to the syndication market, placing the majority of the EUR 110m Prologis facility, announced in August 2009, with two German banks.
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PropertyEU Archive
Christie + Co sells boutique hotel to Mantis Group
Christie + Co, acting on behalf of Finisterre Holdings, has sold the leasehold interest of the Lord Milner Hotel, the five-star boutique hotel in Central London, to Adrian Gardiner, owner of the Mantis Group, for an undisclosed sum.
