All Real Assets articles in Web Issue – Page 508
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PropertyEU Archive
Rockspring fund sells Finnish shopping centre
UK fund manager Rockspring Property Investment Managers has divested the Kompassi shopping centre in Finland to Osuuskauppa Hämeenmaa, a co-operative of the Finnish retail group S-Group. The companies agreed not to disclose the purchase price.
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PropertyEU Archive
Skanska starts second phase of office project in Malmö
Skanska is to invest around SEK 215 mln (EUR 22 mln) in the second phase of the Bassängkajen office project on Universitetsholmen in Malmö, Sweden, the Swedish constsruction giant said on Thursday. This phase comprises about 7,800 m[sup]2[/sup] of modern and energy-efficient office premises over seven floors with an underground ...
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PropertyEU Archive
GTC, Polnord join forces to develop EUR 250m mall
CEE commercial property developer GTC and Warsaw-listed Polnord are partnering to develop a modern shopping centre on a seven-hectare site in the Miasteczko Wilanów district of Warsaw, currently owned by Polnord. The planned project will feature 60,000 m[sup]2[/sup] of retail area and will require an investment of around EUR 250 ...
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PropertyEU Archive
SEB fund acquires Trinity Park III in Warsaw for EUR 93m
SEB Asset Management has acquired the Trinity Park III office building in Warsaw on behalf of its real estate mutual fund SEB ImmoPortfolio Target Return Fund for EUR 93 mln. The seller of the top-class office building was the international property developer Ghelamco.
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PropertyEU Archive
Land Securities unveils key appointments to London team
Land Securities has announced a number of key appointments to its London Portfolio management team. Scott Parsons has been appointed to the new post of Property Director with responsibility for Investment Management, Asset Management and Property Management. He joins the London Portfolio Executive Committee and will report to Robert Noel, ...
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PropertyEU Archive
Cordea Savills appoints assistant portfolio manager at Charities Fund
Property fund manager Cordea Savills has appointed Helen Soult as Assistant Portfolio Manager for the Charities Property Fund. Focusing on asset management, she will report to Harry de Ferry Foster, Director of Investment at Cordea Savills.
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PropertyEU Archive
Arabella teams up with Starwood to build Zurich tower
Munich-based property group Arabella Hospitality is strengthening its presence in Switzerland with the development of a new hotel complex in partnership with Starwood Hotels & Resorts. Located in Zurich, the new project will be part of Arabella's 80-metre high Hard Turm Park tower project and will be delivered in the ...
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PropertyEU Archive
Hansteen backs off from bid for Kenmore European Industrial Fund
London-listed real estate firm Hansteen has announced that it is no longer considering making an offer for Kenmore European Industrial Fund (KEIF).
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PropertyEU Archive
Beni Stabili sets up high-street retail JV
Milan-listed office-focused firm Beni Stabili has signed an agreement with Italy's Real Estate Services for the creation of a new joint venture, Beni Stabili Retail. The new entity will be majority-held by Beni Stabili (55%), and 45% owned by RES, an Italian real estate company specialised in the retail sector ...
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PropertyEU Archive
UK prime yields fall as market continues to stabilise: C&W
Prime yields fell 9 bp in February as the UK commercial property market continued to stabilise after a period of rapid re-pricing in the fourth quarter of 2009, according to Cushman & Wakefield’s latest business briefing.
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PropertyEU Archive
Poland joins core European real estate markets
Warsaw's rise in ULI/PwC’s 2010 ranking of European cities which offer the best investment prospects has placed it in a league of its own within Central and Eastern Europe.
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PropertyEU Archive
New firm to target distressed real estate exposure in Europe
Two former directors at JER Partners have established Resolute, a new firm to offer specialist asset management and consultancy services focussed on distressed debt and equity positions underpinned by real estate portfolios in European and former CIS countries.
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PropertyEU Archive
LSR Group set to launch new projects in Russia
Russian listed property developer LSR Group has unveiled plans to launch new development projects in a bid to take advantage of a forecast 'construction sector recovery' in the country.
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PropertyEU Archive
PropertyEU Live from Mipim
PropertyEU will be reporting Live from Mipim this week with our team of reporters on the ground at Cannes. Our line-up of dealmakers includes Frank Pörschke of Eurohypo, Struan Robertson of Morgan Stanley and Richard Backlund from Aberdeen Property Investors.
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PropertyEU Archive
Azurelau sells Barcelona's Agbar tower for EUR 165m
The Azurelau investment vehicle, owned by Antonio Vila and Santiago Oller, has sold Barcelona's most iconic building to its main tenant, Aguas de Barcelona (Agbar) for around EUR 165 mln. The Catalan water utility company has decided to exercise its option to buy its corporate headquarters, the Agbar tower, according ...
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PropertyEU Archive
Mipim preview: 'We need common sustainability metrics'
The market upheaval spawned by the global financial crisis put the issue of sustainability on the backburner for a while with companies more preoccupied with survival than with green issues, says Robert Peto, Vice-Chairman of Capital Markets at DTZ and a speaker on the panel entitled Sustainability sans Frontières. But ...
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PropertyEU Archive
Mipim preview: 'Poland is no longer an emerging market'
Markus Leininger's answer to the question posed by the title of the session 'Poland: Land of Opportunity?' is an unequivocal 'yes' for a variety of reasons. The head of corporate banking for Northern Europe and CEE at German financier Eurohypo cites Poland's stability during the financial crisis, coupled with its ...
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PropertyEU Archive
JLL predicts uneven recovery for European real estate
Jones Lang LaSalle has confirmed it expects direct investment in commercial real estate in Europe in 2010 to increase by 20 to 30% on 2009 levels, which stood at EUR 69.2 bn. According to Jones Lang LaSalle's latest European Capital Markets Bulletin, EUR 24.6 bn of commercial real estate ...
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PropertyEU Archive
Mipim preview: 'UK prices do not yet reflect sustainable value'
As one of the biggest and most competitive markets in Europe and worldwide, the UK - particularly London - will continue to be a good place to invest, provided GDP growth is sustainable and the current high level of vacancies contracts, says Hans-Joachim Kühl, board member at German real estate ...
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PropertyEU Archive
Immoeast seals EUR 250m refinancing with Helaba
CEE property developer Immoeast has reached an agreement with the German regional bank Helaba for the refinancing of a EUR 250 mln loan in a property-backed deal involving three Polish assets. The portfolio comprises the Silesia City Centre in Katowice, which is planned for an extension starting this year, as ...
