All Real Assets articles in Web Issue – Page 469
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PropertyEU Archive
UBS RE fund sells Zurich offices for EUR 90m
Munich-based UBS Real Estate Kapitalanlagegesellschaft has sold two office properties located at Zurich Airport to insurance group Swiss Life. The transaction volume of CFH 136 mln (EUR 90 mln) was 16% higher than the latest appraisal value for the properties.
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PropertyEU Archive
Sustainability remains on agenda, says RICS
The attempt to raise profitability remains the key factor driving the interest in sustainable buildings globally, according to the latest Global Property Sustainability Survey, released by the Royal Institute of Chartered Surveyors (RICS).
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PropertyEU Archive
Union Investment issues last call for Prime Property Award entries
Union Investment has issued a last call for entries to its Prime Property Award competition which recognises sustainable real estate investment in Europe. The deadline for entries is 15 December.
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PropertyEU Archive
Two Irish banks urge support for toxic property loan scheme
Bank of Ireland and Allied Irish Banks have urged their shareholders to back proposals to sell toxic real estate loans to Ireland's new bad bank scheme. The banks estimate they could receive a combined total of EUR 28 bn if the National Asset Management Scheme, or Nama, applies a discount ...
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PropertyEU Archive
Dubai collapse leads to double dip fear for property
Hatfield Philips, an independent European primary and special servicer, has warned that Europe may suffer a 'double dip' in the commercial real estate market in 2010 as a result of the crisis in Dubai.
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PropertyEU Archive
Multi opens Forum Palermo
Multi Development has opened Forum Palermo, the first major retail project in the capital city of Sicily. The 65,000-m[sup]2[/sup] project with 124 units has been developed by Multi Development-C Italia and will be managed by Multi Mall Management Italy.
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PropertyEU Archive
Prologis leases 35,000 m[sup]2[/sup] space in Europe
Prologis said announced it signed new fourth-quarter lease agreements in Europe totalling 35,100 m[sup]2[/sup] of its development portfolio.
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PropertyEU Archive
Federal Development to launch 160,000 m[sup]2[/sup] project in France
US real estate builder Federal Development has been selected by the French public development agencies EpaMarne and Epic de Marne la Vallée to develop 160,000 m[sup]2[/sup] of commercial space as part of a large mixed-use project at the Cité Descartes site in Marne-la-Vallée, near Paris. The project will mostly consist ...
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PropertyEU Archive
Unite fund to raise EUR 165m ahead of new acquisition
Unite Group, the listed developer and manager of student accommodation in the UK, has announced that its Unite UK Student Accommodation Fund is in the final stages of raising £150 mln (EUR 165 mln) to fund the expansion of its portfolio.
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PropertyEU Archive
Hines Italia to grow AUM to over EUR 2b
The Italian fund management unit of US real estate developer Hines has unveiled plans to increase its assets under management to more than EUR 2 bn by mid-2010.
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PropertyEU Archive
Vodafone to invest EUR 300m in new Milan HQ
International mobile phone operator Vodafone said it plans to invest around EUR 300 mln in the development of a new sustainable headquarters in Milan, northern Italy. The new complex, offering some 67,000 m[sup]2[/sup] of office space, will house the group's 3,000 workers that Vodafone currently employs in over 10 different ...
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PropertyEU Archive
Grant Thornton sells former Midland Bank HQ for £40m
Grant Thornton, administrator of Poultry Developments, has sold the former Midland Bank headquarters at 37-45 Poultry, in the City of London, for £40 mln (EUR 44 mln) to a private family trust. The deal was handled by law firm DLA Piper, who advised Grant Thornton on the sale.
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PropertyEU Archive
Niam acquires property in Kista for EUR 46m
Swedish private equity group Niam has acquired an office property in Krista, northwest of central Stockholm, from European Property Fund SICAV at a significant discount. The deal was based on a property value of SEK 485 mln (EUR 46.5 mln), 35% less than the price the fund paid for the ...
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PropertyEU Archive
Wealthy investors call bottom of property market: Barclays Wealth
High net worth individuals (HNWIs) have renewed confidence in residential and commercial real estate, according to the latest Barclays Wealth Insight report.
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PropertyEU Archive
NY still most expensive retail market: CBRE
Prime retail rents began to stabilise in many markets across the world in Q3 2009, as economic and retail indicators started to show signs of greater stability and retailer confidence gained positive momentum.
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PropertyEU Archive
Karimpol to start construction of Warsaw's Equator II project
CEE real estate developer Karimpol has announced that it is poised to start the second phase of development of its Equator office project in Warsaw. The development, providing some 21,000 m[sup]2[/sup] of modern A-class office space, has already been granted a building permit. Construction work will be carried out by ...
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PropertyEU Archive
Iberdrola rents out Oriente tower in Lisbon
The real estate arm of Spanish energy group Iberdrola said it has completely rented out the first tower of its Torres Colombo development project in Lisbon.
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PropertyEU Archive
Allianz RE in talks to buy 50% of Budapest mall
Germany's Allianz Real Estate is in talks with ING Real Estate Development to take a 50% stake in the EUR 200 mln Allee shopping centre in central Budapest. Industry sources told PropertyEU that ING RED, advised by Cushman & Wakefield, is planning to sell half of the property, which opened ...
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PropertyEU Archive
Citycon in EUR 50m bond issue to finance development
Finnish property company Citycon has received approval from the Finnish stock market authority for a EUR 50 mln bond issue.
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PropertyEU Archive
Westimmo provides EUR 72m financing for Sigma fund
Westdeutsche ImmobilienBank (Westimmo) announced on Tuesday that it acted as agent and arranger for an acquisition financing for the closed-end 'Signa 11 Brussels' fund planned by Signa Property Funds Deutschland.
