All Real Assets articles in Web Issue – Page 461
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PropertyEU Archive
Europa Capital announces further letting at Office Campus
Europa Capital Partners, advisor to the Europa Fund, has announced the conclusion of a letting of 2,493 m[sup]2[/sup] to Fujitsu Technology Solutions at its Office Campus Gasometer project in Vienna. Fujitsu will take occupation in early December following fit-out and will join other global corporations on the occupier roster which ...
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PropertyEU Archive
Pirelli RE and Fimit mull merger to create new asset manager
Italian conglomerate Pirelli & Co. is considering merging its real estate arm with fund manager Fimit to create a 'new entity in the asset management and real estate services sector'.
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PropertyEU Archive
Cushman & Wakefield posts profit in third quarter
Property advisor Cushman & Wakefield made a profit of EUR 2.1 mln for the third quarter of 2009. The result was EUR 3.4 mln down on the same period last year but a major improvement on the second quarter of 2009 when the global real estate services company suffered ...
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PropertyEU Archive
Hilton expands Romanian portfolio with new hotel in Oradea
Hilton Worldwide has announced the signing of a management agreement with Calipso, a listed company owned by the Sif Banat Crisana investment group, to open a Doubletree by Hilton hotel in Oradea, Romania.
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PropertyEU Archive
Valad reports strong leasing, upturn in sales to owner-occupiers
Valad Property Group has reported strong leasing performance across its European platform in the third quarter. During the three month period, the fund and asset manager of multi-let commercial real estate let 680,000 square feet in the UK alone at a total rent of £2.2 mln per annum. This compares ...
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PropertyEU Archive
Supply in Amsterdam region rises to 17%
The office market in the Amsterdam region saw supply rise to 17% of total supply, according to the annual report 'We're Amsterdam' by Boer Hartog Hooft and the Amsterdam tax department. Supply in the Haarlemmermeer region is the highest at 24% (296,880 m2) of the total.
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PropertyEU Archive
RREEF, Liberty sell Chester council HQ for EUR 21m
RREEF Real Estate and Liberty Properties Plc have sold 7,600 m[sup]2[/sup] of office space at the HQ development in Chester to the new Cheshire West and Chester Council in a deal worth approximately £19 mln (EUR 21 mln).
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PropertyEU Archive
Germany, UK and Spain drive retail investment in Q3
Investment in European retail property reached over EUR 5 bn in Q3 2009, a quarterly increase of 18% and the highest total since Q3 2008, according to new CB Richard Ellis research. In contrast to the 34% jump in activity across all sectors, the upturn in retail investment has ...
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PropertyEU Archive
GTC swings to loss of EUR 34m in Q3
Polish real estate developer Globe Trade Centre (GTC) swung to a net loss of PNL 138 mln (EUR 34 mln) in the third quarter of 2009 due to revaluations on its property holdings. The figure compares to a net profit of PLN 189 mln a year before.
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PropertyEU Archive
NCC to add 5 office buildings to Finnish business park
The Finnish arm of Swedish property builder NCC Property Development has announced the launch of the third phase of development for the Plaza business park in Vantaa, Finland. The company said it will develop a further five office buildings and a car park on the site, which currently comprises eight ...
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PropertyEU Archive
CBRE Investors purchases Lidl in London for EUR 7.8m
CB Richard Ellis Investors has announced the purchase of a Lidl food store at Bridge Street, Pinner in London for £7.07 mln (EUR 7.8 mln). The purchase represents a net initial yield of 4.15% per annum with immediate reversion on the settlement of the outstanding rent review to above 5% ...
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PropertyEU Archive
Koreans to buy HSBC's Canary Wharf HQ for EUR 863m
The National Pension Service of Korea (NPS) has agreed to acquire HSBC's headquarters in Canary Wharf, London for £772.5 mln (EUR 863 mln) in cash.
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PropertyEU Archive
Land Securities calls for more action on carbon emissions
Land Securities, the UK’s leading commercial property company, is leading the call for action on reducing carbon emissions with the introduction of Display Energy Certificates across its London office portfolio.
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PropertyEU Archive
Marcol, Advent JV finalises German clinic deal
US private equity investor Advent International and UK property group Marcol have completed the acquisition of Median Kliniken, Germany's largest private rehabilitation care provider. The acquisition, which has received approval from the European Commission, will see the two business partners take control of 27 rehabilitation and acute clinics at 19 ...
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PropertyEU Archive
British Land apppoints two non-executive directors
British Land has announced the appointment of Richard Pym and Dido Harding as non-executive directors from 1 January 2010. Pym is chairman of Bradford & Bingley and BrightHouse Group. Harding is Convenience director at Sainsbury's.
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PropertyEU Archive
Sofia Property Fund may buy back site
Lewis Charles Sofia Property Fund, a London-listed vehicle focused on investment in Bulgaria, said on Wednesday that it is proposing shareholders to make 'certain amendments to its articles of incorporation' which would allow it to obtain funding to exercise a buy-back option on a 100,000 m[sup]2[/sup] site in Sofia, Bulgaria.
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PropertyEU Archive
Pie Factory bags Toasted Productions
Toasted Productions has become the latest media company to set up home in The Pie Factory, MediaCityUK located at Salford Quays in the UK. The media production company, whose clients include ITV, Universal Records, Girls Aloud, 4Music, iTunes Music Festival, Unilever and Manchester Airport have joined the likes of 24-7(Visual ...
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PropertyEU Archive
Big brokers scale up IT investment
Top global brokerage firms are planning a wave of IT investment to streamline their operations, PropertyEU reports in the November edition of the Magazine.
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PropertyEU Archive
Spanish property regime a missed opportunity: EPRA
The new Spanish regime for property investment (SOCIMI) fails to capture the benefits of a true real estate investment trust (REIT) structure and is a missed opportunity for the Spanish Government, according to the European Public Real Estate Association.
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PropertyEU Archive
Icade sells EUR 2bn housing portfolio
French property company Icade said it has signed an agreement with Société Nationale Immobilière (SNI), representing a consortium of 25 social housing investors, to dispose of its residential portfolio worth some EUR 2 bn.
