All Real Assets articles in Web Issue – Page 460
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PropertyEU Archive
JLL launches property management service in CEE
Jones Lang LaSalle has announced appointment of Roman Skowronski and Virginie de Baere to lead the roll-out of its property management service in Central and Eastern Europe.
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PropertyEU Archive
CMC to develop first factory outlet in Eastern Sicily
Ravenna-based CMC Group is to develop a 28,000-m[sup]2[/sup] factory outlet centre in the bay of Taormina, Sicily. The municipality of Calatabiano has also decided to add a 21,000-m[sup]2[/sup] retail park, the largest in Sicily, to the scheme.
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PropertyEU Archive
WGF transfers property management to Koch Immobilien
WGF Westfälische Grundbesitz und Finanzverwaltung has transferred the property management for its residential and commercial real estate holdings to Koch Hausverwaltungs in Düsseldorf.
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PropertyEU Archive
Hypo Group posts EUR 574m net loss in Q3
Hypo Real Estate Group, posted a net loss of EUR 574 mln for in the third quarter of 2009, marking the German real estate lender's fifth consecutive quarterly loss. The performance in the July to September period brings the banking group's net loss for the first nine months of the ...
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PropertyEU Archive
Real I.S. closes equity raising for EUR 300m European fund
Real I.S. has closed the third consecutive fund within the BGV-series for institutional investors after reaching the target volume of EUR 300 mln in capital recently. In total, 27 institutional investors including insurance companies, pension funds, savings banks and trusts have invested in BGV III. The focus of the fund ...
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PropertyEU Archive
Adif seeks partner for Spanish development
Administrador de Infraestructuras Ferroviarias (Adif), the Spanish state-owned railway and infrastructure management company, is reportedly in negotiations with a number of local and international property developers for the creation of a new 50/50 joint venture company which will construct shopping centres adjacent to some of Spain's largest railway stations.
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PropertyEU Archive
Spanish government aims to boost the crisis-hit real estate market
Real Estate Investment Trusts (REITs) have been introduced in Spain. Act 11/2009, which came into effect on 28.10.2009, allows listed real estate investment companies to be set up under the name of Sociedades Cotizadas de Inversión en el Mercado Inmobiliario (SOCIMI). The law applies retrospectively for tax assessment periods from ...
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PropertyEU Archive
Justin Berry appointed senior director at CBRE
Justin Berry has been appointed senior director in the City Capital Markets team at CB Richard Ellis. Berry will move to London from CBRE’s operations in Moscow, where he is head of capital markets in Russia and a senior member of the international investment group.
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PropertyEU Archive
Great Portland enters development arrangement with Eurohypo
Central London investor-developer Great Portland Estates has announced the acquisition of two developments in the West End of London and the formation of a profit share and debt structuring arrangement with Eurohypo to develop the properties. GPE has acquired the SPV entities which own Marcol House, 289-295 Regent Street and ...
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PropertyEU Archive
Orion moves back into comfort zone
Orion Capital Managers has a good nose for timing. After being a significant vendor in the boom period of 2006-07, in May this year it snapped up the Plenilunio shopping centre in Madrid for a total of EUR 235 mln from Banif Immobiliare, the Santander-managed real estate fund.
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PropertyEU Archive
Mature retail markets are back
The mature markets of Western Europe are back in favour with retail developers and investors, but prime product is thin on the ground, according to research by PropertyEU.
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PropertyEU Archive
Baltic States economies slow to recover from recession: ICSC
Any significant upturn in retail sales across the Baltic States is unlikely to come until 2011, and in the cases of Latvia and Lithuania, probably not until 2012, making new retail real estate financing almost impossible, according to speakers at the International Council of Shopping Centers (ICSC) Baltic States Retail ...
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PropertyEU Archive
LaSalle secures four leases at Chelmsford shopping centre
LaSalle Investment Management has announced four new leases at High Chelmer Shopping Centre, Chelmsford. Arcadia brand Topshop/ Topman has renewed the lease of its 855-m[sup]2[/sup] Unit 1 for a further 10 years and will complete a major refurbishment of the store in the New Year to include a double-height ...
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PropertyEU Archive
STE completes leasing of Paris' Domino project
Société de la Tour Eiffel (STE) has leased over 7,000 m[sup]2[/sup] of office space in its flagship Domino mixed-use project in Paris, increasing the occupancy rate across its development portfolio to over 80%.
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PropertyEU Archive
Frey wins PPP project for redevelopment in Troyes
French retail property developer Frey has won the competition for the redevelopment of the commercial district of Saint-Parres-aux-Tertres in Troyes, Central France. The project, located southeast of Paris, is a public private partnership (PPP), Frey said.
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PropertyEU Archive
McArthurGlen develops more than 135,000 m[sup]2[/sup] of new outlet retail
McArthurGlen, a leading developer, owner and manager of designer outlet villages in Europe, will open more than 135,000 m[sup]2[/sup] of new retail space across Europe in 2010 and 2011. This total includes three new schemes: La Reggia Designer Outlet near Naples, which will open in February 2010, as well as ...
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PropertyEU Archive
Aker Solutions agrees on option to buy EUR 43m of assets
Norwegian property company Scandinavian Property Development (SPDE) said it has entered into an agreement with Aker Solutions that gives the latter the right to purchase the commercial properties NB2/3 at Hinna Park, Stavanger and the area K2 at Fornebu in Southern Norway .
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PropertyEU Archive
Deka acquires Gemini in largest Czech deal of the year
Deka Immobilien has completed the acquisition of the Gemini office scheme in Prague from Austria's Sparkassen Immobilien for EUR 110 mln. Property adviser King Sturge, which acted for Deka, said it was the largest investment deal in the Czech Republic so far this year, accounting for 40% of the total ...
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PropertyEU Archive
Prime office yields continue to stabilise across Europe: JLL
Prime office yields across Europe continued to stabilise during the third quarter of 2009 and the bottom of the investment cycle is in sight, Jones Lang LaSalle has said in its latest Prime European Office Yields Tracker.
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PropertyEU Archive
Kenmore Property Group goes into administration
European real estate investment and fund manager Kenmore Property Group (KPG) has gone into administration. The board has appointed Rob Caven and Martin Ellis of the UK office of financial and business adviser Grant Thornton as joint administrators of 21 companies within the group, it was announced on Thursday.
