All Real Assets articles in Web Issue – Page 505
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PropertyEU Archive
British Land appoints head of Retail
British Land announced the appointment of Charles Maudsley to head the group's EUR 5.8 bn Retail business in the UK and Europe. Maudsley will also retain his current role as executive director for Business Expansion.
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PropertyEU Archive
Vasallen begins sale of fully developed properties
Vasallen has announced it has started to sell off the property portfolio in seven locations in Sweden. The Swedish real estate company said it is optimistic the current market conditions will support the disposal of the 150,000 m[sup]2[/sup] of developed properties.
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PropertyEU Archive
Trigranit puts Poland's Bonarka mall on the market
Hungarian real estate developer Trigranit has put its flagship Bonarka shopping centre on the market. The scheme located in the Polish city of Krakow is said to be worth some EUR 200 mln. According to market sources, the company is looking to sell the entire or a part of its ...
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PropertyEU Archive
Hypo Real Invest buys Skanska office building in Prague
Skanska Property Czech Republic is divesting its office project, Vysehrad Victoria, in Prague to Vienna-based Hypo Real Invest's Immobilienfonds Nr.1 for EUR 13.5 mln..
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PropertyEU Archive
Umaco buys Eurolux hotel in Moscow
Russian hotel operator Umaco has completed the acquisition of the Eurolux hotel complex in central Moscow from a consortium of private investors. The companies agreed not to disclose the financial details. The three-star hotel asset is currently under refurbishment and is expected to re-open by the end of the spring ...
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PropertyEU Archive
Colliers takes over property management of Carrefour Tsarigradsko Mall
Colliers International has taken over the property management of the new Carrefour Tsarigradsko shopping centre in Sofia. The shopping mall was developed by Carrefour on Tsarigradsko Shousse Boulevard, one of the main traffic arteries in Sofia.
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PropertyEU Archive
Ghelamco nears deal on Trinity Park III
Ghelamco Poland is close to reaching an agreement with a German investor to sell its Trinity Park III office scheme in Warsaw, Poland. According to market sources, the building is under offer for just below EUR 100 mln. Belgian developer Ghelamco already sold Trinity Park I and II in recent ...
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PropertyEU Archive
German government unveils new rules for GOEF investors
The German finance ministry has announced new laws under which investors in open-ended funds will be bound by a minimum holding period of two years. In addition, they will be subject to notice periods ranging from six months to two years, depending on the investment fund. Funds which opt for ...
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PropertyEU Archive
CEE investment market set to grow again in 2010
Investors are re-emerging in the long-troubled Central and Eastern European (CEE) market, bidding up the prices of core properties in an investment sector that remains slow. Tomasz Trzóslo, head of JLL's Capital Markets team in CEE told PropertyEU in an interview that the increase in investor interest 'will ultimately lead ...
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PropertyEU Archive
Schroders makes EUR 36m purchase for Italian fund
UK asset manager Schroders has announced the first acquisition for its Schroders Italian Property Fund II. As reported earlier this week by PropertyEU, the company has bought a modern office building of some 12,300 m[sup]2[/sup] located in the San Donato district of Milan. The transaction price amounts to around EUR ...
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PropertyEU Archive
Invista completes over £38m of acquisitions
Invista Real Estate Investment Management has completed the purchases of office assets in the UK for approximately £38 mln (EUR 42 mln).
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PropertyEU Archive
Polish investment levels to rise after hitting 6-year low: JLL
Polish real estate transaction levels are set to rise after the investment market hit a six-year low in 2009, according to Jones Lang LaSalle. The property adviser's Warsaw City Report Q4 2009 suggests that while there is rather limited activity in the market in comparison to 2006 and 2007 there ...
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PropertyEU Archive
Multi's SouthGate Bath already 85% leased
Phase One of SouthGate Bath is now over 85% let just four months after opening its doors to the public, developer Multi Corporation has announced. O2, Game and Tommy Hilfiger are, together with an international technology brand, the latest retail names to invest in SouthGate and all will have stores ...
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PropertyEU Archive
Segro annunces appointment of non-executive directors
Segro has announced the appointment of Doug Webb and Mark Robertshaw as non-executive directors. Doug Webb has been chief financial officer of the London Stock Exchange Group since June 2008. He was previously chief financial officer of QinetiQ Group and spent 12 years at Price Waterhouse, latterly as a senior ...
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PropertyEU Archive
Knight Frank Property Search now available on the App Store
Global real estate adviser Knight Frank announced its Knight Frank Property Search App is now available from the App Store. The application enables users to search across more than 6,000 of the world's best properties for sale or rent using their iPhone or iPod touch.
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PropertyEU Archive
Corporates to boost demand for office space: C&W
Cushman & Wakefield is forecasting that demand for office space from corporates is likely to increase again and reduce supply in 2010 as some major economies return to growth. Indeed, the second half of 2010 will be one of recovery and cautious optimism from both landlords and occupiers, the adviser ...
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PropertyEU Archive
CBRE manages Quinlan's Neumarkt Galerie in Cologne
Quinlan Private has appointed CB Richard Ellis (CBRE) to manage Neumarkt Galerie in Cologne. The 32,441-m[sup]2[/sup] centre is anchored by Karstadt Sports and is famous for its striking architecture.
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PropertyEU Archive
Park Inn Hyde Park put up for sale in London
Advisory group Christie + Co has been instructed to sell the Park Inn Hyde Park, London on behalf of the Gresham Hotel Group. Christie + Co will be seeking substantial offers in excess of £35 mln (EUR 39 mln) for the freehold hotel.
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PropertyEU Archive
Aviva completes acquisition of Preston mall for EUR 100m
Aviva Investors Property Trust (APIT) has acquired the St Georges Shopping Centre in the UK city of Preston from the Mall Fund. The investment volume of £90 mln (EUR 99.8 mln) reflects a yield of around 7.75%.
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PropertyEU Archive
ECE signs EUR 111m financing for Galeria Kaskada
ECE Projektmanagement announced on Monday that it has signed a EUR 111 mln loan contract with the real estate finance division of Landesbank Berlin and Berlin Hyp, for the construction of Galeria Kaskada in Szczecin, Poland. Full-scale construction of the mall will begin now that the financing with the two ...
