All Real Assets articles in Web Issue – Page 473
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PropertyEU Archive
SEB adds Frankfurt and Rotterdam properties to ImmoInvest portfolio
SEB Asset Management has added two development projects in Germany and the Netherlands to the assets of the SEB ImmoInvest fund. Following the addition of Werfthaus, which was built on the banks of the river Main in Frankfurt, and the Maastoren office tower in Rotterdam, the open-ended real estate fund ...
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PropertyEU Archive
Atrium on takeover trail in Poland and Czech Republic
Developer Atrium European Real Estate is seeking acquisitions in Poland and Czech Republic, a spokesman for the retail developer confirmed. 'The company plans to use its funds to buy good quality income-producing assets. These two countries are particularly attractive, but we will look elsewhere if the assets are good.'
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PropertyEU Archive
DTZ awarded largest mixed-use management contract in CEE
Global real estate adviser DTZ has been awarded a 5-year contract by international developer Ballymore Properties to carry out retail property and asset management services for the new landmark 230,000-m[sup]2[/sup] Eurovea scheme in Bratislava, the largest mixed-use commercial development in Central Europe.
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PropertyEU Archive
Signs of stability in European office markets: CBRE
Take-up in the EMEA office market rose in the third quarter of 2009, despite continued low leasing activity levels compared to 2008, according to CB Richard Ellis' latest EMEA office market research. Across the region, aggregate take-up in Europe increased slightly in the third quarter of 2009, but leasing activity ...
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PropertyEU Archive
Sonae Sierra receives first safety & health cert for mall construction
Sonae Sierra has become the first company in Europe to obtain a Safety & Health certification for the management of the construction of a shopping centre.
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PropertyEU Archive
Colliers Romania opposes double commissions in investment transactions
Colliers International is the first Romanian investment team to announce publicly they will only charge fees to one side of a transaction with a commercial property.
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PropertyEU Archive
Helaba finances Procter & Gamble UK headquarters investment
German lender Helaba said it has arranged a Shariah-compliant investment facility of £19.71 mln (EUR 22 mln) for Gatehouse Bank's purchase of the UK headquarters of Procter & Gamble. This is the first Shariah-compliant financing facility completed by Helaba in the UK
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PropertyEU Archive
Ikea to invest EUR 106m in Russian mall
Sweden furniture manufacturer Ikea has unveiled plans to invest $155 mln (EUR 106 mln) in the development of a new shopping and entertainment centre in the Voronezh region of Russia, newspaper Kommersant has reported. The 176,000 m[sup]2[/sup] shopping centre will be built on a 100-hectare land site in the region's ...
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PropertyEU Archive
Crossrail acquires 18/19 Hanover Square in compulsory purchase
London's Crossrail has acquired 18/19 Hanover Square in London from Great Portland Estates plc (GPE). The acquisition was carried out via a compulsory purchase order (CPO) under the Crossrail Act 2008 to enable the development of the Bond Street Crossrail station.
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PropertyEU Archive
SLI buys West End office buildings for EUR 45m
UK property fund manager Standard Life Investments has purchased two properties in the West End of London on behalf of its Pooled Property Pension Fund. The leasehold interest of the properties - 42, 44-48 Wigmore Street and 5 Welbeck Street - was acquired from Minerva (City) for £40.75 mln (EUR ...
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PropertyEU Archive
Mirax trims Federation Tower from 94 to 64 floors
Mirax Group Corporation has announced it is to reduce Tower East of the Federation business center in Moscow from 94 to 64 floors. The original plan for the Federation Tower envisaged it becoming the tallest tower in Europe.
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PropertyEU Archive
Skanska to build hotel in Trondheim for EUR 65m
Swedish construction giant Skanska has secured an assignment from Star Property to build a Clarion Hotel in Trondheim, Norway. The contract value is NOK 550 mln (almost EUR 65 mln). The new hotel will comprise 31,000 m[sup]2[/sup] of space, have 400 rooms and a large conference hall. Construction will ...
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PropertyEU Archive
Tashir invests $75m in Rio mall in Russia
Development company Tashir said it has opened a new shopping and entertainment centre in Belgorod, on the Russian border with Ukraine. The new 45,000 m[sup]2[/sup] complex, named The Rio mall, offers nearly 30,000 m[sup]2[/sup] of net leasable area and is anchored by a Nash food hypermarket. The company has invested ...
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PropertyEU Archive
Altarea-Cogedim teams up with Orion to build Paris mall
French property developer Altarea-Cogedim is joining forces with private equity group Orion Capital Managers to develop a new shopping centre in Villeneuve-La-Garenne, north of Paris. The project is a 50/50 joint venture between Altarea-Cogedim and a fund managed by Orion.
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PropertyEU Archive
Property looking cheap relative to other asset classes: API
Property markets in Europe have reached a turning point as the performance outlook continues to recover, largely driven by improving capital market conditions, and with the UK setting the trend for the rest of Europe, according to Aberdeen Property Investors (API).
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PropertyEU Archive
Unibail-Rodamco buys Le Sextant in Paris from CNP Assurances
Franco-Dutch listed property group Unibail-Rodamco has acquired Le Sextant office building in the 15th arrondissement of Paris from insurer CNP Assurances for an undisclosed amount. AEW Europe brokered the transaction on behalf of the seller.
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PropertyEU Archive
Hannover Leasing buys office building from MAB
German property fund manager Hannover Leasing said it has acquired an office building in Amstelveen near Amsterdam in the Netherlands for one of its closed-end property funds. The transaction price amounts to around EUR 19 mln. The property was bought from Dutch property development company MAB Development.
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PropertyEU Archive
German property professionals cautious on recovery: King Sturge
The King Sturge Real Estate Economy Index shows another increase of almost every climatic indicator for November. As with the October survey, the real estate experts polled are reticent in their assessment of the market situation because of the constant threat of more bad news.
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PropertyEU Archive
Frey's Parla Natura retail park opens its doors in Madrid
French listed commercial property company Immobiliere Frey said that its Parla Natura sustainable retail park has opened its doors in the Spanish capital. With around 18,000 m[sup]2[/sup] of photovoltaic panels on its roof, the property represents the largest green retail asset developed so far in Spain, Frey said. The project ...
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PropertyEU Archive
Threadneedle buys 13 UK properties for EUR 36m
Threadneedle UK Property Trust has purchased 13 properties in the UK from AIM-listed Conygar Investment Company for £32.8 mln (about EUR 36 mln).
