All Real Assets articles in Web Issue – Page 493
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PropertyEU Archive
Deka Immobilien buys from Corio in France
Deka Immobilien has acquired a retail property Rue Sainte-Catherine, Bordeaux for EUR 68 mln. The building is fully let on the basis of long-term lease agreements.
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PropertyEU Archive
Metrovacesa closes sale of Metropark to Fortis
Spanish property company Metrovacesa said that it has completed the disposal of its Metropark park car unit to Interparking Hispania, a 90%-owned subsidiary of Fortis Real Estate. The company agreed on the sale of the subsidiary in December for a price of nearly EUR 100 mln.
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PropertyEU Archive
UK property upturn unsustainable: Ernst & Young ITEM Club
UK commercial property prices rose 3% in December, their highest monthly rise in 23 years, but the chances of a sustained recovery in 2010 and beyond are unlikely, according to the Ernst & Young ITEM Club.
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PropertyEU Archive
Odelstam named president of Skanska Commercial Development Nordic
Jan Odelstam has been appointed new president of Skanska Commercial Development Nordic (CDN), the Skanska business unit that develops office premises, volume retail properties and logistics properties in Sweden, Denmark and Finland.
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PropertyEU Archive
Norway's Verdispar starts construction of Croatian mall
Norwegian property investment manager Verdispar has begun the construction of Lumini shopping centre in Northern Croatia. The project, which represents an investment of EUR 45 mln, will be the first new generation shopping mall in the Varazdin region of Croatia. It will include 80 shops across 33,000 m[sup]2[/sup] of retail ...
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PropertyEU Archive
Junker to step down as COO of Sjælsø Gruppen
Sjælsø Gruppen has announced that Jørgen Junker will step down from the position of chief operating officer at the Copenhagen-listed real estate firm on 1 October.
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PropertyEU Archive
JLL opens new office at La Defense in Paris
Jones Lang LaSalle has announced the opening of a new office in the Parisian business district of La Defense. The 20-staff office under the leadership of Eric Siesse became operational in the Berkeley building at the beginning of the year.
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PropertyEU Archive
Luecking named MD at Develica's fund manager
Develica Deutschland (DDL), the AIM-listed German property investor, announced that its fund manager, Develica Deutschland Management Limited (DDM), has appointed Lars Luecking as managing director with effect from 1 February 2010. Luecking joins DDM from Citi Global Markets and Hypo Real Estate (formerly HypoVereinsbank) where he spent 10 years collectively ...
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PropertyEU Archive
Pirelli RE, Fimit suspend merger study
Pirelli & Co. Group, Pirelli & Co Real Estate and Fondi Immobiliare Italiani (Fimit) said in a joint statement on Friday that they have suspended a merger study to create Italy's leading asset manager.
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PropertyEU Archive
Sansedoni unveils separation plan
Italian group Sansedoni has unveiled plans to separate its business into two real estate units to resolve a dispute among its shareholders. The company said last week that its key shareholders have signed an agreement in principle which envisages the split-up of Sansedoni's activities by the end of June 2010.
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PropertyEU Archive
Sonae Sierra obtains safety certs for 6 malls in Portugal
Sonae Sierra concluded in 2009 the Safety & Health certification, under the OHSAS 18001 standard, of five of its shopping centres in Portugal. The centres are Centro Vasco da Gama, NorteShopping, GaiaShopping, ArrábidaShopping and Estação Viana.
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PropertyEU Archive
Aberdeen fund buys shopping centre in Germany
Aberdeen Property Investors said its Aberdeen European Shopping Property Fund has acquired the Löhcenter shopping centre in Viersen, Germany
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PropertyEU Archive
Kanam fund acquires office property in Glasgow
German fund manager Kanam has announced that its Kanam Spezial grundinvest fund has acquired the Class A Broadway One office building in Glasgow. The financial details were not disclosed. The long-term tenant for the entire building is financial institution Tesco Personal Finance, which has been awarded a top '5A1' rating ...
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PropertyEU Archive
Finalists announced for MIPIM Awards
The MIPIM real estate fair has announced the list of 15 finalists selected by the MIPIM Awards Jury. Belgium makes a strong showing in the MIPIM Awards this year with four projects in competition. Brussels-based ASSAR Architects has three of its projects selected.
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PropertyEU Archive
ULI keynote: buildings can play big role in combatting climate change
The potential of buildings to mitigate climate change is 'huge,' claims Belgian climatologist Jean-Pascal van Ypersele, who will deliver a keynote speech entitled 'The Truth about Climate Change' to the ULI conference in Paris on 3 February.
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PropertyEU Archive
Rise in European volumes indicates broad-based recovery: DTZ
There are clearer signs of recovery across Europe, as investment volumes increased for the third consecutive quarter in the fourth quarter of 2009 to EUR 20.6 bn. This represents a 26% increase on the EUR 16.4 bn recorded in the third quarter, according to DTZ's European Quarterly report.
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PropertyEU Archive
CoreNet seeks case studies for EMEA summit
CoreNet Global has opened a 'call for cases', inviting corporate occupiers and service providers to propose case content for breakout sessions at the ninth annual EMEA Summit. The summit takes place at the Royal Lancaster Hotel in London on 27-29 September.
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PropertyEU Archive
Signs of cautious optimism in European occupier markets: JLL
Europe's economies continue to show encouraging signs of economic recovery, according to Jones Lang LaSalle's Q4 2009 European Property Clock. However, the time lag between the wider economy and European office occupier markets remains evident. There are also significant differences between markets in terms of their position in the rental ...
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PropertyEU Archive
Helaba finances CBREI office development near Paris
German lender Helaba has announced it is financing the development of two buildings in Noisy-le-Grand, near Paris with a loan of EUR 85.6 mln. The project is owned by CB Richard Ellis Strategic Partners Europe Fund III (SPE III), a pan-European fund managed by CBRE Investors.
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PropertyEU Archive
Munich and Hamburg dominate ULI city rankings
Munich and Hamburg occupy leading positions in ULI's 2010 rankings of European cities offering the best investment and development prospects. The two German cities again top the league for existing property performance and are ranked second and third in the list for new property acquisitions. They also rank second and ...
