All Real Assets articles in Web Issue – Page 476
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PropertyEU Archive
Youniq starts construction of student apartments in Munich
German-listed Youniq has commenced construction of a student living project in Munich's northern district of Milbertshofen. The company will deliver 85 student apartments - modelled on the Youniq concept - on a site located on Schleissheimer Strasse in time for the winter semester of 2010/2011.
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PropertyEU Archive
DIC Asset signs leasing deal in Regensburg city centre
Frankfurt-based DIC Asset has announced that a major US fashion merchant is to move into its property in Regensburg's pedestrianised area from January 2010, replacing the current tenant H&M. The unnamed US group will occupy four floors totalling 2,530 m[sup]2[/sup] retail space. The group has over 200 branches in Europe ...
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PropertyEU Archive
Aviva re-opens European property fund
Aviva Investors has reopened its European Property Sicav more than a year after it imposed a freeze on UK investors withdrawing from the EUR 250 mln vehicle. Back in November 2008, Aviva suspended dealing in the fund's units due to a lack of liquidity.
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PropertyEU Archive
Aviva Investors selects C&W to manage UK portfolio
Aviva Investors has awarded Cushman & Wakefield the property management mandate for its Aviva Investors Property Trust (AIPT). The fund's portfolio includes a mix of shopping centres, high street retail, retail parks, industrial estates, business parks and leisure schemes throughout the UK.
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PropertyEU Archive
CBRE Investor's Eolis in Brussels awarded environmental certs
CBRE Investors has announced that Eolis, a 9, 000-m[sup]2[/sup] office complex in Brussels, has been awarded the environmental certification NF Bâtiments Tertiaires - Démarche HQE from Certivéa. Eolis, located in the centre of Brussels, near the canal, at 13-15 Square Sainctelette, has been entirely renovated and restructured, taking into account ...
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PropertyEU Archive
Barclays provides financing for major transactions in British Midlands
Barclays Bank has provided a funding package of £79 mln (EUR 88.6 mln) for one of the largest regional office investment transactions to take place in the British Midlands this year. The funding enabled a syndicate of investors arranged and managed by Tritax to acquire 7, 8 and 10 Brindley ...
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PropertyEU Archive
Vodafone remains at Vinice office building
International telecommunications company Vodafone has decided to extend the lease for nearly 20,000 m[sup]2[/sup] of office space and related areas in its current Czech headquarters at Vinohradska Vinice after several months of intensive negotiations.
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PropertyEU Archive
Fabege and Peab team up to buy Råsunda football stadium
Swedish real estate firm Fabege has teamed up with construction company Peab to acquire the Råsunda football stadium in Solna, just north of Stockholm, from the Swedish Football Association.
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PropertyEU Archive
JLL to open office in Cairo
Jones Lang LaSalle has announced that it is opening a full-service real estate operation in Cairo during the first quarter of 2010. The announcement was made at the 4th Annual Cairo Investment Forum at the Semiramis InterContinental Hotel, Cairo, during which the firm also released a strategic research report, ...
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PropertyEU Archive
NCC to construct Clarion Hotel in Stockholm
Swedish property and construction group NCC said it has been commissioned to construct the Clarion Hotel at Stockholm Arlanda Airport. The client and property owner is the state-owned LFV Group (Swedish Airports and Air Navigation Services) and the hotel will be operated by Choice Hotels Scandinavia. The project will be ...
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PropertyEU Archive
Countries face hurdles implementing energy efficiency directive: RICS
The goal to create an energy-efficient building stock in Europe faces practical barriers despite the recent EU agreement to transform the building sector with the adoption of ambitious energy-efficient legislation, according to the latest RICS report.
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PropertyEU Archive
New global head at ING Real Estate Select
ING Real Estate Investment Management (REIM) has appointed Jan Meulenbelt as global head of ING Real Estate Select. The appointment takes effect from January 2010 subject to approval from regulatory bodies FSA and AFM. ING Real Estate Select is ING Real Estate's dedicated multi-manager business.
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PropertyEU Archive
Risk management remains top priority for Europe's property firms: survey
Most European real estate companies remain focused on risk management despite signs of cautious recovery in select European markets, according to a report entitled 'The Business Enterprise in Europe' released on Wednesday by the Urban Land Institute in conjunction with executive search company Ferguson Partners Europe.
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PropertyEU Archive
Pramerica signs UN-backed Principles for Responsible Investment
Pramerica Real Estate Investors has signed the United Nations-backed Principles for Responsible Investment. 'We are proud to sign on to the Principles for Responsible Investment, which more closely aligns us with our clients' financial and social objectives,' said Pramerica CEO Allen Smith.
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PropertyEU Archive
Direct European property investment to reach EUR 70b in 2009: JLL
Direct commercial real estate investment in Europe will reach close to EUR 70 bn in 2009, according to new research from Jones Lang LaSalle. The fourth quarter of 2009 will be the third consecutive quarter of increasing volumes and also the strongest quarter of the year, with almost EUR 25 ...
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PropertyEU Archive
Europe main target of doubling of investment in 2010: DTZ
Europe will be the main target of global investment in 2010, according to a new report by property adviser DTZ that predicts that $315 bn (EUR 219 bn) of capital will be available for investment in real estate worldwide. This is double the US$157 bn of capital transacted in the ...
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PropertyEU Archive
Alpha Pyrenees has LTV convenants removed to 2014
Alpha Pyrenees Trust has reached an agreement with its bankers to remove the loan-to-value covenant tests on its loans for both its French and Spanish portfolios until February 2014 and to extend the term of the Spanish loan to February 2015.
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PropertyEU Archive
Hines launches EUR 250m development fund in Italy
The Italian fund management arm of US real estate developer Hines has launched a new property development fund which will take control of part of Milan's Porta Nuova mixed-use project, worth some EUR 250 mln. The launch of the Porta Nuova Isola fund comes shortly after the closing last ...
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PropertyEU Archive
Sansedoni JV buys EUR 280m portfolio in Italy
Italian property company Sansedoni said it has acquired a portfolio worth around EUR 250-280 mln from a joint venture of Aedes and Cordea Savills. In a statement this week, Sansedoni said it has completed the purchase of five assets - Corti di Baires, Duse, Crocetta, Olona and Cubani - which ...
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PropertyEU Archive
Genesta purchases office building in Oslo for EUR 53m
Genesta has acquired the Grensen 5-7 property in Oslo from Storebrand Eiendomsfond for EUR 53 mln, before deduction for latent capital gains tax.
