All Real Assets articles in Web Issue – Page 507
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PropertyEU Archive
Pirelli RE targets sales of EUR 1.3-1.5 bn in 2010
Pirelli RE is targeting real estate sales in the range of EUR 1.3 -1.5 bn in 2010, the Italian company said in a press release announcing its 2009 earnings. The figure is slightly above last year's achieved target of EUR 1 bn, which was realised in Italy, Germany and Poland ...
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PropertyEU Archive
NREP raises EUR 165m for Nordic Logistics Fund (SE)
Nordic Real Estate Partners (NREP) said it has raised SEK 1.6 bn (EUR 165 mln) at the closing of its fourth Nordic fund NREP Logistics. The fund will focus on prime logistics properties in key hub locations throughout the Nordics.
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PropertyEU Archive
Madrid to see more foreign investor activity in 2010: Savills
Madrid's office investment market is set to witness further foreign investor activity in 2010 as the trend for sale-and-leaseback transactions continues beyond the banking sector, according to property adviser Savills.
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PropertyEU Archive
Investment activity picks up in Poland: C&W
Investment in Polish commercial property picked up in January and February, with transaction volumes close to the levels recorded for the whole of 2009, according to Cushman & Wakefield's latest report on the Polish market.
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PropertyEU Archive
IVG sees losses narrow after restructuring programme
German property company IVG Immobilien recorded a consolidated net loss of EUR 158 mln in 2009, down from a loss of EUR 451.7 mln the previous year, reflecting the first results of a restructuring programme implemented in the course of last year.
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PropertyEU Archive
'Apollo Management to buy Citigroup's property unit'
Apollo Management has agreed to buy Citigroup's real estate investment unit, according to a report by newswire Bloomberg.
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PropertyEU Archive
Redevco appoints new managing director in Belgium
Dutch property company Redevco has announced that Eric van Dyck (47) is to succeed Marc van Heddeghem as managing director of Redevco Belgium by the end of this year. Van Heddeghem will retire at the beginning of 2011 as planned.
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PropertyEU Archive
More distressed assets seen hitting market but in fewer countries: RICS
Real estate professionals in 25 countries expect more distressed properties to come onto the market in Q1 2010, although in fewer countries than in the latter half of 2009, according to the latest Global Distressed Property Monitor from the Royal Institution of Chartered Surveyors (RICS). The survey is based on ...
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PropertyEU Archive
VastNed Retail buys high-street store in Istanbul
Listed pan-European retail property fund VastNed Retail said it has acquired a store in Istanbul for EUR 18 mln, in line with its strategy of buying high-street shops in prime locations.
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PropertyEU Archive
Herald fund buys retail warehouse park in Germany
Henderson Global Investors' EUR 900 mln pan-European retail property fund Herald has acquired a retail warehouse park in the German city of Giessen for around EUR 30 mln from the Metro Group, reflecting a yield of around 8%.
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PropertyEU Archive
CBRE Investors launches defined contribution fund
CB Richard Ellis Investors has launched a UK direct property fund for Defined Contribution (DC) pension investors. The fund will, for the first time, allow DC pension investors to access a fund run by a purely property specialist investment manager.
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PropertyEU Archive
P3 set to invest EUR 100m in Bratislava logistics park
PointPark Properties (P3) plans to invest around EUR 100 mln in the expansion of its PointPark Bratislava logistics park in the Slovak capital. The European logistics asset manager and developer has acquired a further 41 ha of land next to the park in a bid to extend the facility by ...
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PropertyEU Archive
Norway's SWF to invest EUR 16b in real estate
Norway's Ministry of Finance has unveiled new rules allowing the country's sovereign wealth fund to invest up to NOK 130 bn (EUR 16 bn) across the world's property markets. According to the new guidelines, the Norwegian pension fund will allocate 5% of its investment portfolio to real estate, with a ...
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PropertyEU Archive
F&C REIT portfolios outperform IPD index in 2009
F&C REIT Asset Management, the property asset management group created in September 2008 from the combination of F&C Asset Management's property business and REIT Asset Management, said its property portfolios turned in a strong performance in 2009, the company's first full year of operation.
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PropertyEU Archive
Major retail deals propel February investment volume to EUR 5b
Three major retail property deals helped lift total European real estate transaction volume to EUR 5 bn in February, a 36% increase compared with January, according to data compiled by PropertyEU. The investment volume for the month was also up 25% on the figure for February last year. The three ...
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PropertyEU Archive
Norwegian Property raises EUR 68m from private placement
Norwegian Property said it successfully completed a private placement of 45,326,000 shares with professional Norwegian and international investors after the close of the Oslo Stock Exchange on 10 March 2010. Gross proceeds from the placement amount to NOK 543.9 mln (EUR 67.7 mln).
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PropertyEU Archive
Cinema City sells two malls in Bulgaria for EUR 85m
CEE multiplex cinema operator Cinema City International (CCI) has agreed the sale of its Bulgarian real estate business to Israeli investor Israel Theatres for around EUR 85 mln. In a statement on Wednesday, the company said that the portfolio includes the Mall of Ruse which is expected to open later ...
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PropertyEU Archive
UK shop vacancies rise again in post-Christmas lull
Over 10% of shops on the UK's high streets are now vacant or available to lease, according to the latest Retail Availability survey from real estate adviser Cushman & Wakefield.
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PropertyEU Archive
SEB buys office development in Paris
SEB Asset Management has signed a preliminary contract to acquire 'Claude Bernard A2', a high-quality new office building in Paris still under construction, from BNP Paribas Real Estate Property Development. The property will be added to SEB's ImmoInvest open-ended real estate fund. The parties agreed not to disclose the ...
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PropertyEU Archive
Deka buys office property in Paris CBD
Deka Immobilien has acquired the fully let office property '39/41 Rue Cambon' in Paris' central business district from Unibail-Rodamco. The parties agreed not to disclose the purchase price.
