All Real Assets articles in Web Issue – Page 464
-
PropertyEU Archive
Hines receives green light for development of Warsaw tower
The Polish office of US property developer Hines has started preliminary work for the project to build a 160-metre high tower on ul. Grzybowska in Warsaw. The firm told PropertyEU that it has been granted permission to begin construction and will now start demolition works on the site, while beginning ...
-
PropertyEU Archive
Stabilising Dutch economy will steel retail investors: Savills
Signs that the Dutch economy has hit the bottom of the cycle and appears to be stabilising will spark renewed interest from investors wishing to take advantage of price readjustments before a full recovery, property adviser Savills said.
-
PropertyEU Archive
Menno Maas regrets split-up of ING Real Estate
Menno Maas, outgoing CEO of ING Real Estate Development, regrets that ING Real Estate's former business model which integrated development, asset management and finance has been abandoned. Nevertheless, he understands the reasoning behind ING's decision to integrate the development unit into ING bank and wholeheartedly supports the strategic review which ...
-
PropertyEU Archive
Multi opens Europe's largest mall in Istanbul
Multi Development has opened Forum Istanbul, the largest shopping centre in Europe and Multi's most ambitious project to date. The inauguration of the 175,000 m[sup]2[/sup] scheme at a special ceremony on Tuesday is the latest milestone in Multi's roll-out of 10 projects across Europe this autumn.
-
PropertyEU Archive
MPL opportunity fund takes stake in leisure facility
Fund manager Managing Partners Limited (MPL), through its British Property Opportunities Fund, has taken a substantial stake in the Rotunda Building, a prime leisure destination in the heart of Kingston-upon-Thames in the UK. The leisure complex attracts over 2.8 million visitors per year. The investment provided the fund with ...
-
PropertyEU Archive
Outlets take off as general retail slows
Retail brands in Europe are increasingly introducing an outlet centre strategy or expanding in the sector as other retail markets are slowing down, according to GVA Outlets.
-
PropertyEU Archive
Redevco to redevelop Korenmarkt in Ghent
Redevco Belgium is to redevelop 14,000 m[sup]2[/sup] of the complex located on Korenmarkt in Ghent. Part of the complex will be demolished and rebuilt, and the remaining parts thoroughly refurbished.
-
PropertyEU Archive
Immoeast opens 170,000 m[sup]2[/sup] mall in Moscow
CEE property developer Immoeast opened its Golden Babylon Rostokino project - one of Europe's largest shopping and entertainment centres - this week. The Golden Babylon Rostokino scheme is expected to generate around EUR 100 mln per annum, and is located in Sviblovo, the most densely populated district in Moscow.
-
PropertyEU Archive
B.Prime, CBRE to market 15,000 m[sup]2[/sup] at Lisbon's Parque das Nacoes
Property advisers B.Prime and CBRE have been appointed by France's Bouygues Immobilier to manage the marketing process for two office properties located at the Parque das Nações business park in Lisbon.
-
PropertyEU Archive
Eurohypo arranges EUR 380m financing for Telereal Trillium
German property lender Eurohypo has entered into a £340 mln (EUR 380 mln) financing with Telereal Trillium, secured against a portfolio of properties within Telereal Trillium's outsourcing contracts.
-
PropertyEU Archive
Conygar acquires UK properties from administrator for EUR 50m
AIM-listed Conygar Investment has exchanged contracts to acquire a portfolio of seven freehold and long leasehold buildings in the UK from administration for a total consideration of £44.6 mln (EUR 50 mln). The portfolio generates an annual rent of approximately £4.41 mln, representing a net initial yield of 9.9%.
-
PropertyEU Archive
Karl Steiner sells off French activities
Swiss property builder Karl Steiner has announced the sale of its French property arm, Karl Steiner France, to Financière Sainte Colombe, a real estate finance group based in Lyon. The financial details of the transaction were not disclosed.
-
PropertyEU Archive
Axa closes Immoselect fund amid liquidity problems
Axa Investment Managers Deutschland said on Thursday it had reimposed a ban on withdrawals from its Immoselect fund due to deepening liquidity problems. Since the fund reopened on 28 August after the previous redemption freeze, it has seen net average outflows of EUR 934.9 mln, Axa said.
-
PropertyEU Archive
C&W appoints new head of Russia
Global property adviser Cushman & Wakefield (C&W) has appointed Tim Millard as the new General Director of its 140-strong Moscow office, with effect from 1 January 2010. Millard, who has worked at C&W in Russia since 2003, will succeed Mark Stiles, the co-founder along with Sergey Riabokobylko of Stiles & ...
-
PropertyEU Archive
CBRE appoints new COO for the Nordics
CB Richard Ellis said it has appointed Morten Fossum to the position of Chief Operating Officer (COO) of its rapidly expanding Nordics business. The appointment represents another building block in the strategic development of the company's Nordics platform after the opening of a CBRE office in Helsinki, Finland in June.
-
PropertyEU Archive
Atlas sells Slovakian assets to fund development
London-listed Atlas Estates has signed an agreement with Cyprus-headquartered Pottertry to sell its entire long-term investment assets throughout Slovakia. The portfolio consists of a 50% stake in three mixed-use developments in the country.
-
PropertyEU Archive
Positive signs for large retail lot sizes: CBRE
Investment in European retail property reached EUR 5.1 bn in the third quarter of 2009, marking the end of the EUR 4.2 bn activity plateau reported in each of the three previous quarters. This brings total retail investment activity over the first nine months to EUR 13.7 bn - exactly ...
-
PropertyEU Archive
Retail is first choice for investors in Germany: Savills
The retail sector has dominated the property investment market in Germany this year, representing around 35% of transactions as investors remain encouraged by the stable consumer climate, according to property adviser Savills.
-
PropertyEU Archive
Fashion House outlet in Gdansk opens second phase
Fashion House Outlet Centre Gdansk opened its second phase on Wednesday, which will add a further 50 outlet units by July 2010. The project will create a further 200 jobs and will consist of a built area of 10,000 m[sup]2[/sup] with a GLA of 7,200 m[sup]2[/sup]. This will bring the ...
-
PropertyEU Archive
Two more hard years for retail occupier market: King Sturge
The European retail occupier market faces at least two more years of hardship, according to King Sturge's latest research on the sector. Noting that there are early signs of activity in European retail investment markets, the international broker warned the retail sector is 'seriously out of kilter' with any investment ...
