All Real Assets articles in Web Issue – Page 467
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PropertyEU Archive
Atrium Europe posts loss of EUR 342m in Q3
CEE shopping centre specialist Atrium European Real Estate saw its losses narrow by almost a third to EUR 342 mln in the first nine months of the year from EUR 485 mln in the same period a year before.
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PropertyEU Archive
Rotch Property Group sells UK properties for £43m
UK's Hertfordshire County Council has acquired two adjacent office buildings in Stevenage from Rotch Property Group for £43 mln (EUR 48 mln). The transaction represents a net initial yield of 7.72%.
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PropertyEU Archive
Prime office yields continue to stabilise across Europe, says JLL
Prime office yields across Europe have continued to stabilise during the third quarter of 2009, in a further sign that the bottom of the investment cycle is in sight, property consultant Jones Lang LaSalle said on Wednesday. According to the broker's latest Prime European Office Yields Tracker, the aggregate yield ...
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PropertyEU Archive
S. Africa's Zenprop buys two assets in UK
Zenprop, a South African-based privately held property company, has bought two assets in Manchester and Doncaster in the UK from Luxembourg-based Azure Property for an undisclosed amount. The real estate division of International law firm SJ Berwins advised Zenprop on the acquisition of the properties which are leased with long-term ...
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PropertyEU Archive
RREEF appoints C&W to market Budapest office building
Global real estate consultant Cushman & Wakefield (C&W) has been appointed as letting agents for new leases on the Business Center 140 (BC 140) office building in Budapest's 13th district. The building is held by RREEF Alternative Investments and managed by them on behalf of its real estate ...
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PropertyEU Archive
Neinver's Galeria Malta in running for ICSC awards
Galeria Malta, developed and managed by Neinver, is one of the finalists for the International Council of Shopping Centers (ICSC) European Shopping Center Award 2010 in the category 'New Developments: Large'.
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PropertyEU Archive
Real I.S. to launch fourth BGV fund
Real I.S. is continuing the roll-out of its BGV-Fund series for institutional investors with the imminent market launch of the fourth fund in sequence. Like the earlier funds, BGV IV has been conceived with a broadly diversified real estate portfolio. The focus of the investment is on core real estate, ...
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PropertyEU Archive
Deka Immobilien buys office building in Hamburg
German property investor Deka Immobilien said on Wednesday that it has finalised the acquisition of the Momeni-Haus office building in the city centre of Hamburg. The property located at Hohen Bleichen 11 was sold by Movesta Development GmbH and Momeni Project Development GmbH. The financial details of the transaction were ...
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PropertyEU Archive
Skanska creates global unit for green business
Swedish construction giant Skanska said on Wednesday that it is establishing a new global unit to support the group's worldwide operations in the dispersal of green construction technology.
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PropertyEU Archive
Multi's Forum Kapadokya opens its doors in Turkey
Dutch property development group Multi Development said on Wednesday that its Forum Kapadokya shopping centre has opened its doors in Nevsehir, central Turkey. The mall represents the company's eighth development project in the country.
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PropertyEU Archive
JLL markets sale of Novotel hotel at Edinburgh Park
Blair Nimmo and Gary Fraser of KPMG, joint administrators to EBH Limited, have instructed Jones Lang LaSalle Hotels to market and sell the 170-bedroom Novotel at Edinburgh Park in Edinburgh. The asking price for the property was not disclosed.
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PropertyEU Archive
Terra offer for Rugby Estates lapses
Terra Catalyst Fund said on Wednesday that its mandatory offer for UK listed property firm Rugby Estates Investment Trust has lapsed with immediate effect and is 'no longer capable of acceptance'. Terra launched the bid last month through its Terra Investments vehicle. The company offered to acquire Rugby Estates for ...
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PropertyEU Archive
Hansteen eyes Kenmore European Industrial Fund
London-based Hansteen confirmed on Wednesday that it is considering making an offer for the remaining shares in Kenmore European Industrial Fund (KEIF) after purchasing 12% of the company's capital earlier this week.
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PropertyEU Archive
LaSalle secures 10-year lease in Aylesbury
LaSalle Investment Management has announced that it has completed a 10-year lease for Sheaf Close, Lodge Farm Industrial Estate, Aylesbury, on behalf of Coal Pension Properties. The 10-year lease of the detached 4,180-m[sup]2[/sup] warehouse has been taken by Sue Ryder, after having been vacant for the past three years. The ...
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PropertyEU Archive
Bank of China moves in next to BoE in EUR 110m deal
Bank of China has acquired the One Lothbury development, adjacent to the Bank of England building in the centre of London's financial district, as its new HQ for £100 mln (EUR 110 mln). The new development consists of 10,600 m[sup]2[/sup] of space in the Square Mile. The bank will house ...
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PropertyEU Archive
International retailers see recovery in 2010
International retailers polled before and during the Mapic retail trade fair in Cannes last week report that they believe the market has bottomed out and that 2010 will see a significant recovery in certain retail sectors and territories.
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PropertyEU Archive
All new buildings to be energy-neutral by 2020: EU
EU governments and Members of the European Parliament (MEPs) have struck a deal that will force all new buildings constructed after 2020 to consume 'near zero energy'. The agreement, part of the revision of the 2002 Energy Performance of Buildings Directive, defines near-zero-energy buildings as constructions that have 'a very ...
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PropertyEU Archive
McArthurGlen to build 5th designer outlet village in Italy
McArthurGlen is to open La Reggia Designer Outlet near Naples in February 2010. It will be the European outlet centre specialist's fifth designer outlet village in Italy.
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PropertyEU Archive
ING RED opens Alpenrheim Outlet mall in Switzerland
ING Real Estate Development has opened the first phase of Alpenrhein Village Outlet Shopping Centre - the first ever factory outlet village in Switzerland - in Landquart, Graubünden. Alpenrhein outlet village offers 40 brands, a restaurant, café and other gastronomy services on 8,400 m[sup]2[/sup] gross leasable area (GLA). When fully ...
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PropertyEU Archive
Slow recovery may trigger reckless buying, EPRA Amsterdam hears
A relatively slow market recovery may trigger European listed real estate companies to buy assets in 2010 to shore up their direct result, a panel discussion organised by the European Public Real Estate Association (EPRA) learned this week. But some companies, where managers’ bonuses are based on portfolio growth, may ...
