All Real Assets articles in Web Issue – Page 506
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PropertyEU Archive
Hatfield Philips enforces EUR 159m Mangusta loan
Hatfield Philips announced that it has enforced the EUR 159 mln Mangusta loan following the transfer by the borrower of its interest in the loan from German domiciled entities to an Austrian domiciled entity.
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PropertyEU Archive
Metrovacesa posts net loss of EUR 880m in 2009
Spain's largest property company, Metrovacesa, reported net losses widened to EUR 880 mln in 2009 mostly due to hefty writedowns of the value of its assets. A year ago, the company reported a loss of EUR 738 mln.
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PropertyEU Archive
HSBC completes EUR 400m sale of French HQ to Ciloger
HSBC France has completed the sale of its head office buildings on the Champs Elysées and Rue Vernet in Paris in a EUR 400 mln sale-and-leaseback transaction. The buyer is an OPCI real estate fund managed by Ciloger.
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PropertyEU Archive
Invesco spends EUR 80m in Germany and Spain
Invesco Real Estate announced on Monday that it has secured two additional assets in Munich and Madrid for a pan-European fund for a total investment of about EUR 80 mln. The pan-European fund has raised an additional EUR 61 mln of new capital from two new clients and Invesco ...
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PropertyEU Archive
CBRE Investors appoints Jamie Christmas as UK finance director
CB Richard Ellis Investors, the global real estate investment management firm, has announced the appointment of Jamie Christmas as UK Finance Director in the London office.
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PropertyEU Archive
Paris court limits Coeur Defense's creditor protection
A French appeals court has ruled against an extension of the protection plan proposed by the owners of Paris skyscraper Coeur Defense. The 182,000 m[sup]2[/sup] complex, which was acquired by Lehman and Atemi for EUR 2.1 bn in July 2007, has been at the centre of a conflict between the ...
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PropertyEU Archive
Risanamento confirms negotiations to sell Falck site
Troubled Italian real estate developer Risanamento has confirmed rumours that it is in talks with a group of investors to divest its vast Falck redevelopment project in Milan's Sesto San Giovanni district. 'Risanamento has started negotiations after being approached by important national and international real estate operators,' the company said.
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PropertyEU Archive
Gecina set to exit Spanish market
French SIIC Gecina has unveiled plans to exit Spain and re-focus its business on its home market. In a statement on the publication of its 2009 annual results, the Paris-listed real estate company said that it is seeking to 'realign the group's activities around France and sectors in which it ...
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PropertyEU Archive
Metric set to IPO as new UK REIT
Metric Property Investments, a UK-incorporated specialist retail property investment company led by British Land veterans, has announced its initial public offering (IPO) which will make it one of the first real estate investment trusts (REIT) to debut on the stock exchange in the UK.
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PropertyEU Archive
German retail investment down 43% in 2009: CBRE
Investment in the German retail property sector amounted to EUR 3.47 bn in 2009, down 43% on the previous year, according to figures published on Tuesday by CB Richard Ellis Germany. The decline, which was in line with expectations, was primarily due to more difficult financing conditions and an accompanying ...
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PropertyEU Archive
Rockspring acquires EUR 44m of property in UK
Rockspring Property Investment Managers has announced that it has acquired two properties in Milton Keynes in England and Merthyr Tydfil, Wales. The acquisitions with a total investment volume of almost £40 mln (EUR 44 mln) were carried out on behalf of the Rockspring UK Value Fund (RUKV) and the Rockspring ...
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PropertyEU Archive
BBVA set to sell 92 properties across Spain
Spanish lender BBVA is seeking to divest 92 vacant commercial properties across Spain in an auction process to be completed later this month. The bank hopes to fetch a minimum of EUR 63 mln from the sale of the portfolio, which comprises office and retail properties in Andalucía, Aragón, Baleares, ...
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PropertyEU Archive
Cosgrave Group appoints CBRE to sell Oxford St.assets
Irish developer Cosgrave Property Group has appointed CB Richard Ellis as the sole selling agent for two assets it owns on Oxford Street in London after a number of prospective purchasers expressed an interest.
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PropertyEU Archive
Stockholm mayor to outline holistic sustainability approach at Mipim
Stockholm mayor Sten Nordin is to outline his vision of a 'holistic approach' for sustainable urban development during a keynote address at the Mipim property fair on 17 March. He will also explain the importance of identifying the synergies between urban functions and the best-adapted technical solutions.
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PropertyEU Archive
'Commerz Real in talks on Bonarka centre'
German fund manager Commerz Real is in exclusive talks with CEE property developer Trigranit to buy a stake in its Bonarka shopping centre in the Polish city of Krakow, according to reliable sources. In an interview with PropertyEU, Trigranit's Chief Investment Officer Zsolt Szabo declined to comment on the report. ...
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PropertyEU Archive
Verena Brueller joins JLL to head German desk
Jones Lang LaSalle announced on Monday that it has appointed Verena Brueller to lead its London-based German desk. Brueller joins from Commerz Real where she was responsible for UK and Ireland acquisitions.
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PropertyEU Archive
King Sturge joins Polish Council of Shopping Centres
King Sturge's Warsaw office has joined the Polish Council of Shopping Centres (PRCH), a move the property adviser says will enable it to become even more involved in the country's retail property sector and open the door to valuable new relationships.
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PropertyEU Archive
C&W receives industrial mandates in Spain, Portugal
Cushman & Wakefield (C&W) and MAF Inmuebles have been appointed to lease or sell the industrial portfolio of Spain's real estate group Anfora in the south of the country. The portfolio consists of two assets in Polinyà and Llinars del Vallès near Barcelona with a total surface of 65,000 m[sup]2[/sup] ...
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PropertyEU Archive
Global property markets on the up: C&W
Global investment volumes are forecast to rise 30% this year, hitting EUR 362 bn, led by a reviving US market, according to Cushman & Wakefield’s 2010 Global Investment Atlas which monitors investment flows in commercial property in 56 countries,
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PropertyEU Archive
German open-ended funds see strong rise in January inflows
Germany's open-ended property funds witnessed net average capital inflows of EUR 1.7 bn in January, nearly three times the figure for December 2009 and a sharp increase on the EUR 789 mln recorded in January 2009, according to new figures from industry body BVI.
