All Real Assets articles in Web Issue – Page 509
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PropertyEU Archive
Reyal Urbis reaches deal to refinance EUR 4.6b of debt
Spanish property company Reyal Urbis has signed a long-awaited agreement with banks to refinance its debt burden of EUR 4.6 bn. Under the new accord, the Madrid-listed firm has extended the maturity date on its debt to December 2015. The deal also envisages an initial period (until June 2013) in ...
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PropertyEU Archive
Union Investment acquires mixed-use complex in Warsaw
Union Investment has acquired the Lipinski office and retail complex in Warsaw's central business district for one of its open-ended real estate funds for institutional investors. The vendor is construction company Reinhold Polska, which is owned by the Swedish Reinhold Group. The parties agreed not to disclose the purchase price.
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PropertyEU Archive
German banks again dominate top UK lenders list
Three German banks have joined the list of top lenders to UK commercial property compiled by property adviser Savills, boosting the already strong German presence in the list to 60% of the total. With the addition of Aareal Bank, Bayerische Landesbank and Deutsche Bank, 13 of the list of 21 ...
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PropertyEU Archive
Recovery strategies top agenda at Mipim
If survival strategies were the main focus of Mipim's conference programme in 2009, this year's edition will highlight recovery positions and strategies for getting beyond the crisis. With titles such as 'A year of Reckoning' , 'Riding out of the Storm', 'Face the Present - think long term' , ...
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PropertyEU Archive
Mipim preview: 'Infrastructure is becoming an attractive option'
Europe's real estate markets have put the worst of the crisis behind them and are clearly on an upward trend, says Daniel Piazolo, managing director of Investment Property Databank in Germany and moderator of a panel at Mipim on institutional behaviour. While this will clearly benefit cash-rich institutional investors, they ...
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PropertyEU Archive
Occupier conditions improve in CEE capitals: JLL
Occupier conditions in the cities of Bucharest, Budapest, Prague and Warsaw are set to improve over 2010 as rents fall and vacancy rates increase, according to Jones Lang LaSalle's report 'Onshore, Nearshore, Offshore: Unsure? A 2010 Central European Perspective' published on Tuesday. The report outlines the attractiveness of CEE markets ...
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PropertyEU Archive
PropertyEU teams up with MIPIM on City Leaders project
MIPIM, the world's leading property fair, and PropertyEU, the pan-European information source for the real estate sector, have joined forces to publish the first European City Review in September 2010. Entitled City Leaders, the publication will provide an overview of the leading cities in Europe in terms of investment locations, ...
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PropertyEU Archive
London Heathrow remains most expensive industrial location: C&W
London Heathrow remained the world's most expensive industrial location in 2009, followed by Tokyo and Hong Kong, according to Cushman & Wakefield's Industrial Space Across the World report published on Tuesday. Asia Pacific saw the biggest rental falls, while South America emerged as the most resilient region.
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PropertyEU Archive
European office markets move at mixed speeds: King Sturge
Europe's office markets are continuing to move at different speeds on the back of a faltering economic recovery, with the yield gap between cities remaining wide, according to King Sturge's latest European Property Indicators report. At 5%, the lowest yields are still to be found in Copenhagen, unchanged since mid-2008, ...
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PropertyEU Archive
Warsaw and Madrid offices in favour with risk takers: Savills
The office markets of Warsaw and Madrid are in favour with investors seeking to move up the risk curve in 2010, while London and Paris CBD offices are preferred by risk-averse buyers, according to the latest European hot spots survey published by real estate adviser Savills.
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PropertyEU Archive
PropertyEU Who's Who goes online
PropertyEU is launching the digital version of Who's Who 2010. From today, subscribers can access profiles on Europe's leading real estate decision makers online via a special website address with their login and password.
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PropertyEU Archive
ING REIM launches EUR 1.5b European shopping centre fund
ING Real Estate Investment Management (ING REIM) has announced the launch of its ING REIM European Shopping Centre Fund to target up to EUR 1.5 bn in dominant shopping centres across Continental Europe.
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PropertyEU Archive
Opportunity funds raise EUR 12b globally in H2 2009: survey
Equity-raising by opportunistic real estate funds jumped to $17 bn (EUR 12.4 bn) globally in the second half of 2009, but the final capital closes for 26 nonlisted vehicles came only after very extended marketing periods, according to the latest research from Clerestory Capital published on Tuesday. There was also ...
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PropertyEU Archive
JLL Netherlands raises EUR 17m from first 'combined' auction
Jones Lang LaSalle Netherlands said it raised around EUR 17 mln from its first 'combined' commercial property auction, whereby investors were able to bid in person as well as online and via telephone. The auction attracted 'forced' and regular sales from investors who opted for the auction room is the ...
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PropertyEU Archive
Luxembourg to see over 20% office rental growth: Savills
Office rental growth in Luxembourg will exceed 20% by year-end 2010 with London's City and West End set for over 10% growth, according to new research released at Mipim in Cannes by real estate adviser Savills. Istanbul and Prague will see office rents increase by around 8% and 5% respectively.
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PropertyEU Archive
IGD Siiq's net profit halves in 2009
Italian listed commercial property company IGD Siiq saw its net profit halve to EUR 20 mln in 2009, primarily due to a decline in the fair value of its real estate portfolio. The figure compares to a profit of EUR 43 mln reported a year before.
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PropertyEU Archive
Hotel market sees investors return in 2010: BNP Paribas RE
The European hotel sector faces a challenging year in 2010, but hotel transactions should increase due to improved economic conditions, an increased flow of distressed assets coming to the market and growing investor confidence, according to the latest research carried out by BNP Paribas Real Estate into the UK and ...
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PropertyEU Archive
Poland to see revival in retail investment in 2010: Savills
Poland will see a revival in retail investment this year as the sector is set to become one of Europe's 2010 investment hot spots, according to real estate adviser Savills. The firm is forecasting a tripling in volume of investment activity in 2010 compared to 2009.
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PropertyEU Archive
Poland to see revival in retail investment in 2010: Savills
Poland will see a revival in retail investment this year as the sector is set to become one of Europe's 2010 investment hot spots, according to real estate adviser Savills. The firm is forecasting a tripling in volume of investment activity in 2010 compared to 2009.
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PropertyEU Archive
Pirelli to spin off real estate arm by end-2010
Italian tyre and industrial group Pirelli has confirmed its plans to focus on its core business and proceed with a spin-off of the real estate arm by the end of the year.
