All Real Assets articles in Web Issue – Page 489
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PropertyEU Archive
Wichford announces three acquisitions in the UK
UK property investor Wichford has announced three acquisitions in the UK for a total investment of £23 mln (EUR 26 mln). In a statement on Wednesday, the company said that it has bought the Crescent Centre at the Temple Back area of Bristol from Henderson Global Investors for £14 mln, ...
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PropertyEU Archive
Triton, Capital & Marketing form new strategic alliance
Los Angeles-based Triton Pacific Capital and London-based Capital & Marketing Group have formed a new strategic alliance aimed at providing clients and investment managers global access to institutional investor capital.
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PropertyEU Archive
Dexia hires Anixton to manage sale of Brussels office project
Property services firm Anixton said that it has been awarded an exclusive mandate to sell the Realex office project in the heart of the European Quarter in Brussels. The property is owned by Dexia Insurance Belgium.
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PropertyEU Archive
IVG, IFM announce new leasings in the Netherlands, Germany
German property group IVG Immobilien said on Wednesday that its IVG Institutional Funds has concluded three major letting agreements in the Netherlands. The firm has leased the former Orly Plaza building in Amsterdam to Holiday Inn with a term of 25 years. The property, which was recently converted into a ...
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PropertyEU Archive
Shareholders back Immofinanz, Immoeast merger
Austrian property developer Immofinanz said this week that a significant majority of its shareholders have approved a planned merger with its CEE development arm Immoeast.
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PropertyEU Archive
ECE builds Hermes' logistics centre in Hannover
German property developer Ece said that it has started construction of a high-rise logistics facility near Hannover. The project, involving an investment of around EUR 35 mln, is being developed by ECE on behalf of the consumer logistics service provider Hermes Logistics Group.
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PropertyEU Archive
GE retains CBRE as global transaction manager
CB Richard Ellis has said it is to continue to provide real estate transaction management services for General Electric's global real estate portfolio. GE recently renewed an existing agreement with the property adviser.
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PropertyEU Archive
Pohjola launches first European fund of funds
Finland's Pohjola Asset Management has launched its first real estate fund of funds to invest mainly in European business premises. The vehicle, which is dedicated to professional investors, will seek to achieve a return on equity of over 9%.
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PropertyEU Archive
Hochtief sells Hamburg office scheme to Swiss Life
Hochtief Construction has divested a recently developed office building in Hamburg to Swiss Life. The financial details of the transaction were not disclosed.
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PropertyEU Archive
Cordea Savills launches £1b UK fund
International property fund manager Cordea Savills has launched an open-ended UK commercial property investment vehicle targeting a size of £1 bn (EUR 1.14 bn). The Cordea Savills UK Income and Growth Fund will invest in prime assets offering secure income streams across the main commercial sectors, including office, retail and ...
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PropertyEU Archive
PropertyEU records EUR 64b of deals in 2009
A surge of activity by European real estate investors in the last quarter of 2009 pushed the aggregate volume for the year to over EUR 64 bn, according to updated figures from PropertyEU Research. Almost 80% of the total comprised of transactions of EUR 50 mln-plus.
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PropertyEU Archive
Prologis closes on EUR 622m of funding
European logistics operator Prologis has completed four financings worth a total of EUR 622 mln for its European property funds. The Prologis European Properties (PEPR) fund has received three new four-year loans of EUR 441 mln and will use the proceeds to refinance outstanding debt, the company said.
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PropertyEU Archive
Property industry nears escape from accounting upheaval: EPRA
Proposed changes to accountancy rules that would have seen property values and rental income figures removed from the balance sheets of property companies are close to being thrown out, according to the European Public Real Estate Association (EPRA).
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PropertyEU Archive
Deloitte buys Driver Jonas to create new real estate advisory group
Deloitte, the accountancy firm, has acquired Drivers Jonas, the oldest property advisory firm in the UK, to create a 'new model in the real estate advisory market'. The deal will create a real estate group of around 700 partners and professionals, significantly extending Deloitte's capability in the market.
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PropertyEU Archive
West End again the world's most expensive office location: DTZ
London's West End is once again the most expensive location in the world for office space occupiers, according to DTZ's latest Global Occupancy Costs survey. Ranked fifth in last year's survey, London's West End has taken the number one spot, displacing Tokyo.
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PropertyEU Archive
Vantage gets green light for Wroclaw office building
Polish property builder Vantage Development has received the building permit for the development of the Gamma office building in the Western Business Centre district of Wroclaw, Poland. Desgined by architects APA Markowski and Szczecin-based Projektor Architekci, the property will offer around 14,000 m[sup]2[/sup] of office space as well as a ...
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PropertyEU Archive
CBRE strengthens its cross-border retail team
International property services firm CB Richard Ellis (CBRE) has announced a series of appointments to strengthen its cross-border retail team in Europe, Middle East & Africa (EMEA), in response to growing retailer demand for strategic advice on their international expansion plans.
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PropertyEU Archive
Sonae Sierra set to open Leiria shopping centre
Sonae Sierra has said that LeiriaShopping, its new shopping centre in Leiria, Portugal is expected to open its doors on March 25. The development represents an investment of about EUR 79 mln and comprises 44,395 m[sup]2[/sup] of gross lettable area. Around 97% of the retail space is already let, according ...
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PropertyEU Archive
Dahler & Company creates new unit to invest in German real estate
Germany's Dahler & Company has created a new real estate subsidiary which will invest in existing office and retail properties in prime locations in Germany. The new unit, named DCValues, is already in negotiations to acquire a number of assets in the cities of Hamburg, Munich and Frankfurt, according to ...
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PropertyEU Archive
ING REIM takes over logistics project in Germany
ING Real Estate Investment Management (ING REIM) has taken over the development of a 170,000 - 180,000 m[sup]2[/sup] logistics park in Neu Isenburg, near Frankfurt, Germany, after the contract of the previous developer was cancelled.
