All Real Assets articles in Web Issue – Page 488
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PropertyEU Archive
Investment in London commercial property rallies at year-end: C&W
London has recorded its third consecutive quarter of rising commercial property investment, according to new statistics published by property adviser Cushman & Wakefield (C&W). In the fourth quarter investment volumes rose to £3.1 bn (EUR 3.5 bn), up from £1.6 bn in Q3, for an annual total of £6.81bn.
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PropertyEU Archive
Deutsche Healthcare Property to launch IPO next year
Deutsche Healthcare Property, which is being set up by founder and CEO Hubert Bonn, has unveiled plans to launch an Initial Public Offering (IPO) on the German stock exchange in the spring of 2011. The company, which focuses on the management of healthcare properties, will seek a listing on the ...
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PropertyEU Archive
Henderson to re-open New Star International Property
Henderson Global Investors is re-opening the New Star International Property Fund for dealing. The £290 mln (EUR 332 mln) vehicle was closed in November 2008 following 'unusually heavy redemptions' in the wake of the credit crisis.
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PropertyEU Archive
Commerz Real purchases Birmingham scheme for EUR 130m
German open-ended fund manager Commerz Real has continued its European investment drive with the acquisition of the One Snowhill office scheme in Birmingham from Irish project developer Ballymore. The property was acquired on behalf of Commerz Real's hausInvest europa fund for over EUR 130 mln.
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PropertyEU Archive
Conwert in EUR 131m bond placement
Austrian listed property company Conwert Immobilien Invest said on Wednesday that it is to launch an offering of senior convertible bonds with a volume of EUR 131 mln. The offering, with an over-allotment option of up to EUR 19 mln, is aimed at selected institutional investors in Austria and internationally.
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PropertyEU Archive
NCC sells hypermarket in Uppsala for EUR 17m
NCC Property Development has sold the Coop Forum hypermarket at Stenhagen Centrum, west of Uppsala in Sweden. The property was acquired by the German property fund LB Immo Invest, representing its first investment in the Swedish property market. The transaction price amounts to slightly more than SEK 168 mln (EUR ...
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PropertyEU Archive
Wipro leases 4,500 m[sup]2[/sup] in Timisoara's business centre
Jones Lang LaSalle's Romanian office said this week that it has leased around 4,500 m[sup]2[/sup] of office space in the newly-developed City business centre in Timisoara, Romania to international IT services group Wipro Technologies. The City business centre is currently being developed by local builder ModaTim Investment. The project will ...
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PropertyEU Archive
Immac to launch 2 new funds this year
German investment firm Immac said that it has started the marketing and placement of two new property funds focused on nursing homes, Pflegezentren Baden-Württemberg II and Pflegezentren Austria VII.
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PropertyEU Archive
London office rents set to rise in 2010: Savills
London's office market will see headline rents rise in its City location this year to £56 (EUR 64) per sq ft, and to as much as £98 per sq ft in the West End in 2011. This compares to 2009 levels of £47.50 per sq ft and £88 per sq ...
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PropertyEU Archive
Arab Investments buys mixed-use scheme in Berlin for EUR 57m
London-based Arab Investment has purchased the Quartier am Auswärtigen Amt mixed-use property in Berlin-Mitte from developer Strabag Real Estate for around EUR 57 mln.
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PropertyEU Archive
Multi Development receives EUR 98m loan for Czech project
Multi Development said that it has received a financing facility of over EUR 98 mln for the development of its Nova Karolina shopping centre in the centre of Ostrava, Czech Republic. The five-year loan was provided by a syndicate of banks comprising Ceska Sporitelna, Sob, Hypo Investmentbank and KBC Bank.
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PropertyEU Archive
AFI Development resumes construction of Russian projects
AFI Development has unveiled plans to resume construction of its main projects in the country due to improving market conditions. The Russian property developer said this week it has decided to re-start the development of the Paveletskaya project as well as Phase III of the Ozerkovskaya Embankment project in Moscow. ...
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PropertyEU Archive
Patrizia appointed to manage VPV's real estate in Germany
Patrizia Immobilien's asset management arm, Patrizia Kag has been appointed to manage a new fund which will be created through the spin-off of VPV Lebensversicherungs' real estate assets.
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PropertyEU Archive
Lammerting Immobilien sells Domkarree portfolio in Cologne
Cologne-based Lammerting Immobilien Gruppe (LIG) said that it has sold the Domkarree Koln portfolio located in the city centre of Cologne to the pension fund of the Bavarian cities, BVK Bayerische Versorgungskammer. The transaction details were not disclosed but the asset is estimated to be worth over EUR 100 mln. ...
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PropertyEU Archive
SDLL teams up with Goodman to develop UK distribution park
Severnside Distribution Land (SDLL) is joining forces with Austrialian property group Goodman for the development of a large distribution park in Severnside, Bristol. This agreement will see the initial development of 85 acres which can accommodate up to 1.6 million sq ft (149,000 m2). In the future SDLL expects to ...
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PropertyEU Archive
Starwood, Hilton to open new hotels in Greece
Starwood Hotels & Resorts Worldwide is launching its first Sheraton hotel in Greece with the opening of a Sheraton Rhodes Resort in the spring. The resort will be located a few kilometres from the city's historic old quarter district and will feature 401 rooms.
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PropertyEU Archive
ModusLink takes a further 5,000 m[sup]2[/sup] in CTPark Brno
Global supply chain manager ModusLink is leasing a further 5,000 m[sup]2[/sup] of space within CTP Invest's business park located in Brno, the Czech Republic's second largest city. The expansion of ModusLink involves 4,700 m[sup]2[/sup] of warehouses, 240 m[sup]2[/sup] of office space and over 500 m[sup]2[/sup] of service area.
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PropertyEU Archive
Colliers CRE to post £10m loss for 2009
UK commercial real estate consultancy group Colliers CRE said on Thursday that it expects to post a loss of around £10 mln for the year 2009 on the back of difficult trading conditions. Most of the loss (around £8 mln) was generated in the first half of 2009, Colliers said, ...
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PropertyEU Archive
CEE investment turnover skyrockets in H2: CBRE
CEE commercial property investment rose impressively in the second half of 2009, bringing total 2009 turnover to EUR 2.5 bn, according to CBRE's latest report issued this week. The second part of the year saw around EUR 2 bn worth of property transacted in the market, an increase of 314% ...
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PropertyEU Archive
Hypo RE to transfer up to EUR 210b of assets into bad bank
German state-owned bank Hypo Real Estate said on Thursday that it plans to transfer up to EUR 210 bn of non-strategic real estate assets into a separate entity.
