All Real Assets articles in Web Issue – Page 466
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PropertyEU Archive
Orco seeks asset sales to avoid loan breaches
CEE property developer and investor Orco Property Group is seeking to sell a number of projects after reporting losses widened to EUR 259 mln in the first nine months of 2009. In its third-quarter financial statement posted on Friday, the company said it is 'in the process' of disposing of ...
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PropertyEU Archive
Redevco opens new extension to Avenue Wilson mall
Redevco, one of Europe's leading real estate development companies, has announced the opening of the five new stores which make up the extension to its shopping centre on Avenue Wilson in Jemappes, Belgium.
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PropertyEU Archive
ECE's Hanover mall wins sustainability award
The Ernst-August-Galerie in Hanover developed by ECE was named the best sustainable retail property of the year at the Mapic retail real estate fair in Cannes, France.
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PropertyEU Archive
Sparkassen sees property values plunge in CEE
Austrian listed property company Sparkassen Immobilien saw the value of its property portfolio lose some EUR 100 mln in the first nine months of the year as valuations were 'massively' impacted by the international economic and financial crisis. Total writedowns for the period rose to EUR 96.5 mln, from EUR ...
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PropertyEU Archive
Christie + Co sells Paris hotel for private owner
Adviser Christie + Co has sold the freehold interest of the Marciano Lafayette Hotel in Paris on behalf of a private individual to Holiday Villa Hotels and Resorts, a division of Malaysian company Advance Synergy Berhad. The investment volume was not disclosed but the asking price was EUR 6 mln.
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PropertyEU Archive
Odyssey embarks on European hotel fund
Dutch asset management company Odyssey Fund Management has launched a fund for institutional investors to invest in European hotels. Odyssey European Hotel Fund invests in three and four-star hotels located in major and larger cities in Western European countries. The focus is on the Netherlands, Belgium, UK, Germany and Spain. ...
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PropertyEU Archive
Retailers name Germany as top location for expansion
Germany has emerged as the number one target destination for retailers looking to expand their international presence in Europe, the Middle East and Africa in 2010, according to new research from CB Richard Ellis.
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PropertyEU Archive
HSBC in talks with OPCI vehicle for sale of Paris HQ
UK banking giant HSBC has entered into exclusive negotiations with a subsidiary of an undisclosed French OPCI investment vehicle for the sale of its Paris headquarters. The lender said that it will continue to occupy the two buildings located at Champs Elysees should the sale be finalised.
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PropertyEU Archive
LaSalle secures a new lease in Wandsworth
LaSalle Investment Management announced it has recently completed a seven-year lease on office accommodation in Jessica House, Red Lion Square, Wandsworth, on behalf of Pace Trustees.
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PropertyEU Archive
DTZ brokers 13,000 m[sup]2[/sup] of leasing deals in Prague
Global real estate consultant DTZ said on Tuesday it has sealed the largest office leasing transactions in the Czech Republic so far this year with the letting of around 13,000 m[sup]2[/sup] of office space to Germany's energy group RWE and the Czech IT company ICZ.
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PropertyEU Archive
UPP completes £115m deal with the University of Nottingham
University Partnerships Programme (UPP) said on Tuesday that it has closed a £115 mln (EUR 127 mln) transaction with the University of Nottingham.
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PropertyEU Archive
Building council challenges sector to deliver 50% CO2 cuts by 2020
The UK Green Building Council is calling on the real estate industry to slash its carbon emissions by 50% between now and 2020. In a speech to the body's annual conference on Tuesday, UK Green Building Council CEO Paul King urged the industry to recognise the role it can play ...
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PropertyEU Archive
Sabadell buys its former Barcelona HQ for EUR 20m
Banco Sabadell has purchased its former Barcelona headquarters from the investment holding company of the Andorran Reig family for around EUR 20 mln. The head office located on Barcelona's Paseo de Gracia has remained vacant since the Spanish lender relocated to a new building five years ago.
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PropertyEU Archive
Conwert buys residential properties in Vienna for EUR 24.5m
Austrian firm Conwert Immobilien Invest SE has acquired six apartment buildings from an Austrian insurance company. The transaction volume was about EUR 24.5 mln.
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PropertyEU Archive
ING Reim secures EUR 80m loan for Czech mall
ING Real Estate Investment Management said on Tuesday that it has reached an agreement with German lender Helaba for a new EUR 80 mln debt financing package for its Nisa Shopping Centre in the Czech Republic. The long-term financing covers refinancing of existing loans and the recent extension of the ...
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PropertyEU Archive
Crimson acquires Park Inn London from adminstrators
Crimson Hotels has bought the Park Inn London at Russell Square out of administration for an undisclosed amount. Christie + Co, a business agent in the hospitality, leisure, care and retail sectors, acted on behalf of Ernst & Young, administrators of W G Mitchell (Guernsey).
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PropertyEU Archive
Distressed sales increasing across Europe: RICS
More than 80% of the countries surveyed in the RICS Global Distressed Commercial Property Monitor experienced an increase in distressed commercial property sales during the third quarter of 2009, according to new research published by the UK-based organisation.
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PropertyEU Archive
Retail element of Bonarka City Center opens in Krakow
Trigranit has opened the shopping centre stage of Bonarka City Center (BCC) in Krakow, Poland. According to the developer, BCC is the largest and most state-of-the-art shopping, entertainment and service centre in the Malopolska region.
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PropertyEU Archive
Multi's Boulevard Nesselande opens in Rotterdam
Multi Vastgoed, the Dutch arm of Multi Corporation, said on Tuesday that the Boulevard Nesselande mixed-use scheme has opened in Rotterdam. The complex is the first waterside residential, retail and recreational scheme in the Netherlands.
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PropertyEU Archive
Fabege sells property holding to joint venture
Swedish property company Fabege is forming a new residential property company together with Peab and Brinova to own and develop rental apartments.
