All Real Assets articles in Web Issue – Page 496
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PropertyEU Archive
Russian market has reached nadir: C&W
Commercial real estate market of Russia has already passed its nadir, according to global consultants Cushman & Wakefield in its quarterly report for Q4 2009. The report also claims occupiers are much more active than a year ago.
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PropertyEU Archive
Danone sells its Polish headquarters
Property adviser Cushman & Wakefield announced on Monday that it has represented Danone in the sale-and-leaseback transaction by the French food products multinational of its main office building in Poland. The financial details were not disclosed.
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PropertyEU Archive
ECE, SES launch JV to develop projects in Italy
Hamburg-based ECE Projektmanagement and Austria's SES Spar European Shopping Centers are partnering in a new joint venture to develop and manage shopping centres in Italy. Both companies have an equal share in the new partnership, SES-ECE-Management, which is based in Salzburg and will be led by SES' President Marcus Wild ...
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PropertyEU Archive
Legal & General launches LPI Income Property Fund
Legal & General has launched a new £500 mln (EUR 570 mln) fund product which the UK financial services group said offers Defined Benefit pension schemes an innovative way to invest in property coupled with a secure source of income, primarily government-backed, all with inflation-linkage. The LPI (Limited Price Inflation) ...
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PropertyEU Archive
Real I.S. seeks KAG status in Germany
Real I.S. has said it intends to launch special funds under German investment law for institutional investors itself in future. To this end, Real I.S. has applied to the German Federal Financial Supervisory Authority (BaFin) for the licensing of its newly founded subsidiary as a German KAG (investment company).
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PropertyEU Archive
Inrev launches online index tools
Non-listed real estate fund body Inrev is introducing two new index tools to enable fund managers to benchmark performance. Inrev argues that the ability to benchmark performance of funds is already essential in a normal market but even more so in today’s environment.
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PropertyEU Archive
Generali refinances EUR 133m property acquisition
Italian insurance giant Generali has announced that it has refinanced EUR 133 mln worth of debt related to the acquisition of 19 commercial properties (retail assets and warehouses) located on the French island of La Reunion, in the Indian ocean. The properties, acquired at end 2007 from French supermarket giant ...
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PropertyEU Archive
CEE retail investment accelerates in H2 2009: CBRE
The retail investment market in Central & Eastern Europe (CEE) picked up significantly in the second half (H2) of 2009 with turnover rising to EUR 650 mln. This brings total retail investment over the full year to EUR 760 mln, according to new research by CB Richard Ellis.
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PropertyEU Archive
Pramerica to focus on the ‘big three’ in 2010
Georg Hammerstein, CIO of Pramerica real estate investors, plans to target The ‘Big Three’ markets in the coming year: the UK, France and Germany. Each of these countries has reasonable GDP growth expectations, strong liquidity and large economies, he said in an interview with PropertyEU magazine.
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PropertyEU Archive
Emerging Trends: caution and uncertainty reign in 2010
The outlook for the European real estate industry in 2010 can be characterised as one of cautious optimism coupled with uncertainty, said John Forbes, real estate industry leader EMEA at PricewaterhouseCoopers and co-author of the annual Emerging Trends in Europe report published in partnership with the Urban Land Institute.
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PropertyEU Archive
Prime rents in London's West End set to rise 40% by 2012
Cushman & Wakefield has forecast that prime West End rents will rise by 40% between now and 2012, marking a return to levels above £9 (EUR 10.2) per m[sup]2[/sup]. The adviser also foresees that lack of supply will lead to a return in pre-letting activity over the period.
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PropertyEU Archive
British Land sees portfolio rise 8% in value in Q3
British Land saw the value of its total investment portfolio rise by 8.2% to £7.9 bn n the third quarter to end-December. Net asset value increased 18%, reflecting a return to IFRS pre-tax profit of £611 mln. In the same year-earlier period, the London-listed company booked a loss of £1.6 ...
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PropertyEU Archive
Accor confirms sale of Portuguese hotel
French hotel group Accor has confirmed the sale of the Novotel Vermar hotel in Portugal to local hospitality company Axis. An Accor spokesperson said that the sale agreement was signed on January 29. The companies agreed not to disclose the transaction price.
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PropertyEU Archive
Unibail-Rodamco eyes new acquisitions after Simon Ivanhoe deal
Unibail-Rodamco has indicated its appetite for acquisitions of 'jumbo' shopping malls has not been sated by the EUR 715 mln purchase of the Simon Ivanhoe portfolio.
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PropertyEU Archive
Plaza Centers in US joint venture
Plaza Centers has announced that, Elbit Plaza USA, a new real estate investment joint venture with its parent company, Elbit Imaging, has entered into a framework and co-investment agreement with Eastgate Property to take advantage of real estate opportunities in the US. The new fund will primarily focus on the ...
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PropertyEU Archive
ICSC’s Retail Connections a hit with international retailers
The International Council of Shopping Centers (ICSC)’s third Retail Connections in London last week, was ‘best yet’, according to international retailers. Retailers attending this year included Mango, Primark, The Deichmann Group, Foot Locker, FNAC, Levi Strauss, The Body Shop, Lindex, Camaieu and, for the first time, Abercrombie and Fitch. ...
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PropertyEU Archive
Fabege sells property in Stockholm
Swedish property company Fabege has sold its Harpan 51 property on Gumhornsgatan/Linnégatan in Stockholm to Fastighets AB Kannan for SEK 142 mln (UER 14 mln). The 4,660 m[sup]2[/sup] property, which mainly comprises theatre premises and residential space, is being sold as a company, Fabege said in a press release.
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PropertyEU Archive
LaSalle Investment Management sells Reading retail units
LaSalle Investment Management has announced the sale of 89 & 89a Broad Street, Reading to the Local Authority Mutual Investment Trust (LAMIT) for £7.5 mln (EUR 8.5 mln) or a net initial yield of 5.54%. The sale was made on behalf of the HSBC Bank Pension Trust (UK).
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PropertyEU Archive
Aigo Capital Partners buys 22,000 m[sup]2[/sup] in France
Aigo Capital Partners, a French investment fund created by Vietnamese businessman Quoc-Giao Tran, has acquired two office schemes with 22,000 m[sup]2[/sup] of total space in Montrouge and Morangis, France from Banque Populaire Rives de Paris. The financial details of this transaction were not disclosed.
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PropertyEU Archive
Ciloger to focus on retail in 2010
French fund manager Ciloger says it intends to focus on retail property this year in particular through partnerships with corporates seeking to divest their real estate. In 2009, the company concentrated on residential assets with a total of EUR 358 mln being spent in housing over the course of the ...
