All Real Assets articles in Web Issue – Page 471
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PropertyEU Archive
Babis Vovos swings to loss of EUR 25m in Q3
Greek property company Babis Vovos said it has swung to a pre-tax loss of EUR 25 mln in the first nine months of 2009, from a profit of EUR 41 mln in the same period a year before. Earnings dropped to EUR 15 mln in the third quarter as a ...
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PropertyEU Archive
GPR 250 Europe Index falls marginally in November
European real estate stocks booked a small loss in November, with the GPR 250 Europe index falling 2.5% over the month. The only countries to report a gain over the period were Austria (6.9%), Norway (Norwegian Property; 1.8%) and Switserland (0.5%).
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PropertyEU Archive
Q-Park receives EUR 965m financing from bank consortium
A pan-European bank consortium is providing international car park firm Q-Park with a new corporate financing of EUR 965 mln. The consortium is led by ING Real Estate Finance as co-ordinator.
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PropertyEU Archive
Ca Immo builds office tower in Berlin
The CA Immo Group’s plans for the development of an urban district around the main railway station in Berlin are now taking shape, with CA Immo subsidiary Vivico set to build a 17-storey office tower. The building, which will serve as the German headquarters for French oil company Total, will ...
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PropertyEU Archive
Colony and Orion acquire debt position in Inmobiliaria Colonia
Colony Capital and Orion Capital Managers have announced that funds managed by them have acquired Goldman Sachs' portion of the approximately EUR 4.2 bn syndicated loan in Inmobiliaria Colonial.
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PropertyEU Archive
CFO Corio to step down in April
Dutch retail specialist Corio has announced that Jan Haars will hand in his resignation as CFO during the General Shareholders' Meeting on 23 April 2010. Corio is looking to appoint a successor as soon as possible.
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PropertyEU Archive
Nick Cooper resigns as CEO ING Real Estate Select
ING Real Estate Investment Management has announced that Nick Cooper, founder and CEO of its multi-manager business, ING Real Estate Select, has resigned and will leave the business at the end of December 2009.
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PropertyEU Archive
Minerva sells London property to Standard Life
Minerva has announced the sale of its property located at 5 Welbeck Street, 42 Wigmore Street and 44-48 Wigmore Street, London W1 to Standard Life Investment Funds for a total of £40.75 mln (EUR 45.18 mln).
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PropertyEU Archive
BNP Paribas launches 76,000 m[sup]2[/sup] mixed-use project in Paris
BNP Paribas Immobilier has announced the launch of a 76,000 m[sup]2[/sup] mixed-use project in the new Claude Bernard district of Paris (19th arrondissement). The new complex, mostly for office and residential use, will be developed through a public-private partnership with Semavip, the property development company of the City of Paris.
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PropertyEU Archive
Montea leases 4,070 m[sup]2[/sup] to Overseas in Paris
Belgian listed property company Montea has signed a nine-year rental agreement with logistics group Overseas Development Company for 4,070 m[sup]2[/sup] of storage and office space on the Roissy-en-France site in the north of Paris.
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PropertyEU Archive
UBS leases 1,400 m[sup]2[/sup] of space in Barcelona business park
Property services groups Jones Lang LaSalle and Exa said that they have leased out around 1,400 m[sup]2[/sup] of office space in UBS' Vallsolana Garden business park in San Cugat del Vallès, near Barcelona. Sports maker retailer Reebok has become the first tenant in the business park by taking 1,400 m[sup]2[/sup] ...
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PropertyEU Archive
Dutch pension group divests last direct properties for EUR 105m
Two Dutch private investors have jointly acquired a portfolio of 11 properties from health insurers' pension fund Stichting Bedrijfspensioenfonds Zorgverzekeraars (SBZ) for EUR 105 mln. The portfolio mainly comprises homes and retail units, plus three office buildings and an industrial asset mainly in the Randstad urban agglommeration in the western ...
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PropertyEU Archive
Aviva Investors sells £260m portfolio to Swip Property Trust
Aviva Investors, the global asset management business of UK insurance group Aviva, has sold a portfolio of 12 UK commercial properties to Scottish Widows Investment Partnership (Swip) Property Trust for about £260 mln (EUR 287.5 mln). The deal reflects an initial yield of approximately 7%.
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PropertyEU Archive
Fund of funds activity falls but sector sees new opportunities
Five equity investments totalling a mere EUR 75 mln were made into non-listed property fund of funds in the first nine months of 2009, according to the latest Fund of Funds survey by Inrev, the organisation for the non-listed real estate sector. This compares with 97 investments totalling EUR 2.2 ...
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PropertyEU Archive
Hudson Advisors expands into Europe
US commercial mortgage servicer and asset manager Hudson Advisors Europe has opened an office at Finsbury Market in London as part of its expansion into Europe. In addition, Standard & Poor's Ratings Services has initiated coverage of Hudson Advisors Europe with an 'average' ranking on the business as a special ...
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PropertyEU Archive
Gatehouse Bank buys Procter & Gamble UK HQ
Gatehouse Bank has acquired the UK headquarters of pharmaceutical giant Procter & Gamble from Prupim for £31.55 mln (EUR 35 mln). This is the first acquisition by the bank's real estate team, which originated, advised and funded the investment for a syndicate of private clients from the GCC region.
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PropertyEU Archive
Glyn Evans elected chairman of RICS Czech branch
Glyn Evans, head of Project Management at King Sturge Prague, has been elected chairman of the Czech branch of the Royal Institution of Chartered Surveyors (RICS).
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PropertyEU Archive
IGD Siiq's Bricchi mall opens its doors in Northern Italy
Italian listed commercial property company IGD Siiq has opened its Bricchi shopping centre in the Northern Italian city of Isola d'Asti. The mall, consisting of around 18,220 m[sup]2[/sup] of gross lettable space across 25 shops, represented an investment of EUR 45 mln for the Bologna-based property company. The scheme is ...
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PropertyEU Archive
GOEFs lower risk profile through broad geographic spread: BVI
The broad geographic spread of investments by German open-ended property funds (GOEFs) has clearly reduced the funds' risk profile, according to new figures from investment fund body BVI.
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PropertyEU Archive
Lips Capital Group sells logistics centre
Lips Capital Group has sold a 7,000 m[sup]2[/sup] logistics property in the Dutch town of Helmond to a local company. The property will be used as a storage and distribution centres.
