All Real Assets articles in Web Issue – Page 490
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PropertyEU Archive
Max acquires 10 offices from UBS Triton
Max Property Group announced on Monday that it has exchanged contracts for the acquisition of 10 office investments in the UK from UBS Triton Property Fund.
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PropertyEU Archive
Green buildings command 16% sales premium: RICS
Research indicates that green buildings can command up to a 16% premium on being sold compared to a conventional property, according to the Royal Institute of Chartered Surveyors (RICS). RICS' chief executive Louis Armstrong said research findings also indicated green buildings can attract a rental premium of between 3% and ...
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PropertyEU Archive
Sicilcassa fund to sell EUR 300m portfolio
Italy's Sicilcassa pension fund has reportedly selected three potential buyers for the final stage of bidding to acquire its EUR 300 mln real estate portfolio in Italy.
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PropertyEU Archive
BNP Paribas REIM carries out EUR 388m of transactions
BNP Paribas Real Estate Investment Management said that it has carried out EUR 388 mln worth of transactions on behalf of its funds during 2009. This compares to some EUR 454 mln worth of deals completed in 2008, and some EUR 374 mln in 2007.
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PropertyEU Archive
La Caixa takes 5% stake in Metrovacesa
Spanish bank La Caixa has acquired a 5.18% stake in Spanish property giant Metrovacesa after exercising options on shares held by the group's former owners, the Sanahuja family.
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PropertyEU Archive
Landon Investments buys insurer's Barcelona HQ for EUR 50m
Landon Investments, the investment company of the Spanish Gallardo family, has acquired the head office of Swiss insurance giant Zurich in Barcelona for EUR 50 mln, Spanish paper Real Estate Press has reported. CBRE advised the buyer on the transaction.
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PropertyEU Archive
European hotel investment down 50%: C&W
Investment in EMEA hotels fell by over 50% in 2009, according to new research from Cushman & Wakefield Hospitality. Total investment volumes totalled EUR 3.2 bn in 2009 against EUR 6.4 bn in 2008, with 50% by value in 2009 being distressed sales. The 2009 total marked an 85% fall ...
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PropertyEU Archive
Liberty receives £525m loan for Lakeside mall
UK REIT Liberty International said on Friday that it has received a new seven-year financing facility from a consortium of seven banks for the Lakeside shopping centre in Thurrock, near London. The £525 mln (EUR 600 mln) funding was arranged by WestImmo and Eurohypo and the lenders are DekaBank, Eurohypo, ...
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PropertyEU Archive
Aviva teams up with Predica to develop Carpe Diem tower
Insurance groups Aviva France and Predica are teaming up to develop the Carpe Diem office tower project at Paris' La Defense business district. In a joint statement on Monday, Aviva France, part of the UK-based Aviva insurance group, and Predica, a subsidiary of Crédit Agricole Assurances, said they expect to ...
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PropertyEU Archive
Estcapital closes RealEnergy fund
Italian fund manager EstCapital has closed the first round of fundraising for its RealEnergy investment vehicle, Italy's first fund to invest in energy-producing real estate assets. The vehicle, which is marketed and managed by EstCapital's Palladium SGR unit, raised over EUR 20 mln from private and institutional investors at a ...
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PropertyEU Archive
Knight Frank sells Moulin Rouge
Property services firm Knight Frank has advised on the sale of a mixed-use development which includes Moulin Rouge, home to the Parisian cabaret named after the large red imitation windmill on its roof. The financial details of the transaction were not disclosed.
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PropertyEU Archive
James Lapushner leaves Morgan Stanley in Germany
James Lapushner has resigned as executive director and head of real estate acquisitions for Germany at Morgan Stanley, a spokesman for the firm in London confirmed on Monday. Lapushner will leave the company at end-March.
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PropertyEU Archive
Storage-logistics take-up down 19% in Frankfurt region: NAI apollo
A total of 324,000 m[sup]2[/sup] storage and logistic space was transacted in Frankfurt and the surrounding region in 2009, according to an analysis released by independent real estate consulting group NAI apollo. Compared to the turnover of the previous year this amounts to a decline of about 19% but it ...
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PropertyEU Archive
20% of UK shopping centres at risk of loan default: BCSC
One in every five shopping centres in the UK is at risk of defaulting on its loans, according to new research presented by the British Council of Shopping Centres (BCSC). The Secondary Centres research establishes the magnitude of the issues facing shopping centre owners and managers - with an estimated ...
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PropertyEU Archive
Hotel transaction volume to increase in 2010: JLL
Hotel investment volume in Europe, Middle East and Africa (EMEA) fell to EUR 2.9 bn in 2009, reflecting the lowest volume of transactions since the late 1990s and a drop of 63% compared to 2008, according to Jones Lang LaSalle Hotels. While 2010 is expected to remain challenging, by the ...
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PropertyEU Archive
P3 enters Romania with new logistics project
PointPark Properties (P3) has signed an agreement with European real estate investment manager Europa Capital to provide transactional and development services for Europa Capital's logistics and industrial project in Cluj, Romania.
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PropertyEU Archive
Carlyle completes acquisitons from Maheu portfolio in Paris
The Carlyle Group announced on Tuesday that it has completed the acquisition of two mixed-use residential/retail buildings in Paris. The properties form part of the EUR 231 mln- Maheu portfolio of 11 buildings that has been put up for sale by a French social security agency. Both buildings are located ...
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PropertyEU Archive
City Cinema signs lease at Adora Mall prject in Romania
Multiplex group Cinema City has agreed to lease 3,000 m[sup]2[/sup] at Sonae Sierra's Adora Mall project in Craiova, south-eastern Romania. The decision to establish the largest cinema in the region at Adora Mall bring means the shopping centre is now 60% pre-leased by gross lettable area (GLA).
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PropertyEU Archive
IVBN urges national approach to Dutch office oversupply
Top-down, nationwide control rather than a complete reliance on local planning of new development may be needed to tackle oversupply in the Dutch office market, according to the sector organisation IVBN.
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PropertyEU Archive
ULI conference to examine future of opportunity funds
The future of the opportunity fund sector is to be put under the microscope at the ULI Europe annual conference in Paris next week. Aref Lahham, founding partner of pan-European opportunity fund manager Orion Capital Managers and Marc Mogull, managing partner of Benson Elliot Capital Management, will be among the ...
