All Real Assets articles in Web Issue – Page 492
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PropertyEU Archive
EBRD to finance construction of five Russian hotels
The European Bank for Reconstruction of Development (EBRD) said that it will fund the construction of five mid-market hotels in the Russian cities of Samara, Krasnoyarsk, Kaliningrad and Yaroslavl. The properties, offering a total of 897 rooms, will be developed by Russian Hotel Investment, a limited liability company incorporated in ...
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PropertyEU Archive
HB Reavis starts development of Kosice shopping mall
Eastern European developer HB Reavis said that it has started the construction of the Aupark Kosice mixed-use complex in Eastern Slovakia. The project is located in the Liberators' Square of Kosice and will include a shopping and entertainment centre as well as an office building. Completion is planned for the ...
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PropertyEU Archive
Now is the time to invest in UK property: King Sturge
Prime UK property, particularly in London, provides attractive opportunities for investment despite the inward movement of yields since mid-2009, according to a report from King Sturge. The report shows that prime UK property currently offers above-average investment prospects with London set to continue to deliver superior investment performance over the ...
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PropertyEU Archive
PSJ Invest leases 20,000 m[sup]2[/sup] in Prague
Brno-based real estate developer PSJ Invest said that it has completed one of the largest deals in the Czech office property market with the leasing of 20,000 m[sup]2[/sup] of office space to Kooperativa Pojistovna, part of Vienna Insurance Group. The insurance firm has taken a large majority in the builder's ...
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PropertyEU Archive
Raiffeisen Bank extends lease on 8,000m[sup]2[/sup] in Bucharest
Austrian lender Raiffeisen Bank has extended its lease agreement on 8,000 m[sup]2[/sup] of office space it uses as its head office in Romania. The building, located in Bucharest's Charles de Gaulle Plaza, is owned by GLL Real Estate Partners' Accession Fund. Jones Lang LaSalle and CBRE Eurisko represented the owner ...
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PropertyEU Archive
AMB Property leases 13,500 m[sup]2[/sup] in Tilburg
AMB Property Europe announced it has signed a lease with Ingram Micro, a global technology distributor, for about 13,500 m[sup]2[/sup] in AMB Tilburg Distribution Center 1 in the Netherlands. AMB Property Europe is an affiliate of New York-listed global industrial real estate specialist AMB Property Corporation.
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PropertyEU Archive
West End rents to rise by 40%: C&W
Property adviser Cushman & Wakefield has forecast that prime West End rents in Londin will rise by 40% between now and 2012 which would mark a return to levels above £100 (EUR 115) per square foot. Lack of supply is expected to lead to a return in pre-letting activity.
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PropertyEU Archive
Deka fund acquires Italian logistics portfolio for EUR 60m
Deka Immobilien has acquired a logistics real estate portfolio in northern Italy for its Deka-ImmobilienEuropa open-ended fund for about EUR 60 mln. The transaction involves 50,000 m[sup]2[/sup] of space leased on a long-term basis to an international food company in the Milan region and another 50,000 m[sup]2[/sup] leased to an ...
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PropertyEU Archive
Hahn Group agrees strategic cooperation with Unimo
German retail investment specialist Hahn Group has said a new cooperative agreement with Swiss firm Unimo will open up a new procurement pipeline and faciliate entry into the market segment for 'A' retail locations.
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PropertyEU Archive
Ikea to build first green business park in Poland
SwedeCenter, a development unit of the Inter Ikea Group, has unveiled plans to build the first ecological business park in Poland. Cushman & Wakefield will be responsible for the commercialisation of the complex.
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PropertyEU Archive
Germany holds green building summit
German construction and real estate professionals will discuss the creation of an integrated approach to sustainability certification during the Green Building Summit 2010 in Frankfurt on 23-24 February. While the issue of sustainability continues to grow in importance in the real estate sector, there is a confusing number of evaluation ...
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PropertyEU Archive
Tamar Capital launches European operation
Tamar Capital Partners a new property investment and asset management company focusing on the UK, Western and Northern European markets, has announced it has already secured management contracts and assets with a total gross asset value in excess of £750 mln (EUR 867 mln). The portfolio forms the core base ...
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PropertyEU Archive
Sberbank to get Nordstar centre in exchange for Don-Stroy debt
Russian state-owned lender Sberbank is expected to take control of real estate developer Don-Stroy's Nordstar Tower business centre as part of a major debt restructuring agreement, business daily Vedomosti reported this week, citing sources close to the process.
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PropertyEU Archive
Unibail-Rodamco top environmental performer on Continent
Unibail-Rodamco is the best environmental performer among listed property stocks in Continental Europe, in third place after UK companies Big Yellow and Hammerson (UK-France). Funds managed by ING Real Estate Investment Management (ING REIM) perform strongly in the ranking for unlisted property owners.
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PropertyEU Archive
PEPR leases 50,000 m[sup]2[/sup] to Grupo Carreras in Spain
Prologis European Properties (PEPR) has signed a new 12-year lease agreement with Spanish logistics company Grupo Carreras for a total of 48,400 m[sup]2[/sup] at the Prologis Park Penedés in Catalonia, Spain.
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PropertyEU Archive
Orient-Express buys 2 hotels in Sicily for EUR 81m
Global luxury brand Orient-Express Hotels has signed a binding agreement to purchase the Grand Hotel Timeo and the Villa Sant'Andrea Hotel in Taormina, Sicily, from Italy's Franza Group, the owner of the Framon hotel chain.
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PropertyEU Archive
Emerging Trends report: long haul ahead for European real estate
Europe's real estate industry is cautiously optimistic about prospects in 2010, but the road ahead will be long and arduous with no guarantee of a lasting recovery. That is the tenor of the Emerging Trends in Europe 2010 report, which will be presented at the annual ULI Europe trends conference ...
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PropertyEU Archive
Ulf Nilsson appointed head of Savills Sweden
International real estate adviser Savills has announced the promotion of Ulf Nilsson to CEO of its Swedish business. Ulf Nilsson, who has 25 years experience of property and financing transaction and advice, is also head of corporate finance in Sweden. He will be supported by head of valuation Lars ...
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PropertyEU Archive
Larry Smith enters the Baltic States
Property services firm Larry Smith Italia said that it has entered into a partnership agreement with Agents And Advisors (AAA) to provide retail real estate services in the Baltic states.
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PropertyEU Archive
Bouygues buys Urbiparc business park developer
French property developer Bouygues Immobilier said that it has completed the acquisition of Urbiparc, a Grenoble-based commercial real estate development company. The financial details of the transaction were not disclosed.
