All Real Assets articles in Web Issue – Page 511
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PropertyEU Archive
SLI's European fund set to raise EUR 250m of new equity
Standard Life Investments has is re-opening its European Property Growth Fund for investment on the wake of renewed appetite from institutional investors. James Rushworth, fund manager of EPGF, tells PropertyEU in an interview during the Mipim property fair in Cannes that Standard Life is planning the fourth fundraising for the ...
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PropertyEU Archive
SLI's European fund set to raise EUR 250m of new equity
Standard Life Investments has is re-opening its European Property Growth Fund for investment on the wake of renewed appetite from institutional investors. James Rushworth, fund manager of EPGF, tells PropertyEU in an interview during the Mipim property fair in Cannes that Standard Life is planning the fourth fundraising for the ...
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PropertyEU Archive
Allianz, Corio buy Porta di Roma mall for EUR 400m
A joint venture of Allianz and Corio signed a preliminary agreement this week to acquire the Porta di Roma shopping centre, according to sources close to the negotiations. The transaction, which was signed on Monday, amounts to around EUR 400 mln, sources say. Corio declined to comment.
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PropertyEU Archive
Uneven recovery across Europe defines 'New Normal': JLL
The economies in the EMEA region have turned a corner and are moving out of recession but recovery across the region will be not be uniform or evenly paced, according to Jones Lang LaSalle. During its Media Briefing at Mipim, the property adviser said the economies are not out of ...
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PropertyEU Archive
Uneven recovery across Europe defines 'New Normal': JLL
The economies in the EMEA region have turned a corner and are moving out of recession but recovery across the region will be not be uniform or evenly paced, according to Jones Lang LaSalle. During its Media Briefing at Mipim, the property adviser said the economies are not out of ...
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PropertyEU Archive
SEB chief warns against over-optimism on economic recovery
Investors should diversify their investments as much as possible this year in a bid to reduce risk, despite the scent of economic recovery, SEB Asset Management's Chief Executive Barbara Knoflach warned during a conference at Mipim on Wednesday. 'For real estate an overall economic recovery is good but a couple ...
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PropertyEU Archive
Alstria Office focuses on refurbishment
Alstria Office REIT is concentrating on the refurbishment of its office portfolio to achieve further rental growth. 'We built an office portfolio in Germany worth EUR 1.9 bn in just 2 ½ years, but I don't expect to see such acquisition opportunities in the next 12 to 18 months,' CEO ...
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PropertyEU Archive
AXA appoints former Lazard banker as global head of property services
AXA Real Estate Investment Managers (AXA REIM) said it has appointed Anne Kavanagh as Global Head of Property Services Group. Kavanagh, who was previously managing director for real estate at investment bank Lazard London, will be based in London and report to AXA Real Estate Chief Executive Pierre Vaquier, the ...
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PropertyEU Archive
Messe Frankfurt to assist Riga in developing new exhibition centre
Representatives of fair organiser Messe Frankfurt, the city of Riga and business development agency HA Stadtentwicklungsgesellschaft signed a letter of intent at Mipim last week regarding the joint development of a new exhibition and convention centre in the Latvian capital.
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PropertyEU Archive
Barcelona Economic Triangle claims major development milestones
The three flagship projects that make up the Barcelona Economic Triangle have achieved important development milestones, Spanish officials announced at the Mipim real estate fair in Cannes on Wednesday. The three projects are the massive 22@Barcelona regeneration project, the Deltabcn project near Barcelona's El Prat international airport and the science ...
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PropertyEU Archive
Wirral commits to next generation broadband in UK first
Wirral Council in the UK has committed to investing £12 mln i(EUR 13.4 mln) in its IT infrastructure to provide super-fast Next Generation Access (NGA) broadband to businesses throughout the Borough. Wirral is near Liverpool in the northwest of England.
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PropertyEU Archive
Union Investment buys Horizon Plaza from IVG
German open-ended fund manager Union Investment has acquired the Horizon Plaza office scheme in the Mokotow district of Warsaw, according to reliable sources. The transaction is said to reflect a yield of 7%. Union Investment declined to comment.
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PropertyEU Archive
Investors still risk-averse and focussed on prime: CBRE
European real estate investors are still averse to risk and focussed on prime product, but less concerned about property pricing, according to the results of a survey of more than 270 European real estate investors by real estate adviser CB Richard Ellis. The findings were launched at the company’s European ...
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PropertyEU Archive
CBRE expects orderly but extended workout of European debt
The mountain of European real estate debt set to mature over the next three years will lead to more forced sales but asset protection schemes already in place in many countries will ensure a gradual release of poorer-quality assets to the market and orderly workouts, according to CB Richard Ellis' ...
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PropertyEU Archive
Stam Europe to close equity raising for new fund by summer
Private real estate investment manager Stam Europe expects the first close of equity-raising for its latest fund to take place before the summer. Stam chairman Antoine de Broglie told PropertyEU that about half of the equity for the EUR 400 mln vehicle is coming from institutional investors in Europe and ...
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PropertyEU Archive
Property professionals confident in European market recovery
European property professionals have been severely hit by the crisis but many of them are still confident in the market and anticipate an increase in economic activity in the next months, according to the RICS and Macdonald’s & Company European Remuneration Property Survey, launched at Mipim on Wednesday.
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PropertyEU Archive
Property professionals confident in European market recovery
European property professionals have been severely hit by the crisis but many of them are still confident in the market and anticipate an increase in economic activity in the next months, according to the RICS and Macdonald’s & Company European Remuneration Property Survey, launched at Mipim on Wednesday.
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PropertyEU Archive
Financial partnerships increasingly important for developers: Savills
Financial partnerships are becoming increasingly important for developers as they struggle to realise development schemes amid tough financial and economic conditions, according to real estate adviser Savills. The firm notes that credits are often granted on condition a development is at least 50% pre-let and the developer provides sufficient equity, ...
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PropertyEU Archive
Financial partnerships increasingly important for developers: Savills
Financial partnerships are becoming increasingly important for developers as they struggle to realise development schemes amid tough financial and economic conditions, according to real estate adviser Savills. The firm notes that credits are often granted on condition a development is at least 50% pre-let and the developer provides sufficient equity, ...
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PropertyEU Archive
Ernst & Young joins ULI's Urban Investment Network
Accountancy and consultancy group Ernst & Young has become the latest partner to join the Urban Land Institute's Urban Investment Network, which seeks to drive up the rate of investment in Europe's cities through better public-private collaboration. Other partners in the Network, which was established in 2008, include ING Real ...
