All Real Assets articles in Web Issue – Page 515
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PropertyEU Archive
CBRE secures 6,000 m[sup]2[/sup] for AWT in Belgrade
CB Richard Ellis (CBRE) has acted for consumer goods group AWT International in the leasing of 6,000 m[sup]2[/sup] of high-tech office and warehouse space in a prime logistics location in Belgrade.
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PropertyEU Archive
Corio acquires part of Multi's portfolio for EUR 1.3b
Listed retail property investor Corio said on Thursday that it has agreed to acquire operational shopping centres and development projects from Multi Corporation for EUR 1.3 bn.
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PropertyEU Archive
IVG posts positive figures after 'turnaround' in 2009
IVG said on Thursday that its final figures for 2009 confirm a turnaround in fortunes for the German listed real estate giant. Earnings before interest and tax came to just over EUR 64 mln in the last fiscal year compared to minus EUR 98.6 mln in 2008.
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PropertyEU Archive
Finadvice completes EUR 60m worth of deals in Finland
Scandinavian real estate services firm Finadvice has brokered EUR 60 mln worth of transactions in Finland since it was launched in autumn 2009 by two former managers of Royal Bank of Scotland's Nordic arm, Sami Jarvelainen and Anders Nordlund, in partnership with Harri Saravuo and Joni Koski, who joined from ...
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PropertyEU Archive
Liebrecht & Wood buys 60% of Warsaw tower project
Belgium's Liebrecht & Wood is joining forces with Polish real estate builder BBI Development to construct a new 90-metre high skyscraper in the Polish capital. The two business partners said they are planning to invest a total of around PLN 155 mln (EUR 40 mln) in the construction of the ...
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PropertyEU Archive
Two activist Orco shareholders seek to oust founder Ott
Two shareholders in the troubled Orco Property Group are seeking to remove the current board, including founding partner Jean-Francois Ott who holds the positions of chairman and CEO.
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PropertyEU Archive
Axel Wieandt resigns as CEO of Hypo RE after management clash with Soffin
Axel Wieandt resigned has unexpectedly as chairman of the management board of Hypo Real Estate after a clash with the German bank rescue fund Soffin about the management of the nationalised property lender. Hypo RE is the holding company of the troubled German commercial property lender which operates under the ...
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PropertyEU Archive
GVA Outlets goes on Eastern European development spree
GVA Outlets announced the opening this week of the biggest outlet centre in Sofia, Bulgaria and said it has started development of a second site in Bucharest, while a number of other projects are in progress in Slovenia, Serbia and Russia.
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PropertyEU Archive
'Windows of opportunity open up in Eastern Europe'
Europa Capital is set to make a comeback in Eastern Europe after an absence of nearly two years. Tim Norman, fund manager of the Europa Emerging Europe Fund I, told PropertyEU in an interview that the company has an active pipeline of deals of over EUR 100 mln in its ...
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PropertyEU Archive
Sonae Sierra's LeiriaShopping welcomes public
Sonae Sierra welcomed the public to its newly opened LeiriaShopping Centre in Leiria, Portugal on Thursday. The new 44,300-m[sup]2[/sup] shopping centre is fully let and represents an investment of EUR 79 mln.
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PropertyEU Archive
SEB acquires London West End property for EUR 128m
SEB Asset Management has acquired a fully-let nine-storey office and commercial building in London's West End from Invista Real Estate Investment Management for a total of EUR 128 mln.
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PropertyEU Archive
Shopping centre development to bottom in 2011
The rate of development of new shopping centre space in Europe slowed considerably in 2009 and is unlikely to pick up before 2012 at the earliest, according to real estate adviser Cushman & Wakefield in its new European Shopping Centre Development report.
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PropertyEU Archive
Banco Sabadell sells 378 buildings to Moor Park for EUR 403m
Spanish property lender Banco Sabadell said on Friday that its management board has approved a binding bid by UK investor Moor Park Capital Partners to acquire a portfolio of 378 office units across the country for a total investment volume of EUR 403 mln.
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PropertyEU Archive
RBS, Eurohypo, Calyon take 45% stake in Colonial
International banks Royal Bank of Scotland (RBS), Eurohypo and Calyon have taken a 45% stake in Spanish property company Colonial through the swap of debt bonds with new company shares.
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PropertyEU Archive
Corio completes EUR 600m equity issue after mega deal with Multi
Corio announced the completion on Friday of a EUR 600 mln equity issue to help pay for its EUR 1.3 bn purchase of operating shopping centres and mall projects from Multi Corporation.
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PropertyEU Archive
Mountgrange acquires Surrey business park at 8.75% yield
Mountgrange Investment Management has agreed to purchase Meadows Business Park in the UK from financial services group Scottish Widows for £23.5 mln (EUR 26.1 mln). The site has been acquired for a net initial yield of 8.75%.
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PropertyEU Archive
Meyer Bergman in talks to buy Ilford shopping centre
European real estate investment fund Meyer Bergman is the frontrunner in a bid to acquire a community shopping centre in Ilford, UK, market sources close to the process told PropertyEU. The asset is being sold by the Mall Fund, which is managed by Aviva Investors. The property, including over 70 ...
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PropertyEU Archive
RICS expels Dutch member for breaches of code of conduct
The Royal Institute of Chartered Surveyors (RICS) has shown its teeth in Continental Europe by expelling a Dutch member after a disciplinary panel found he was in breach of the rules of conduct.
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PropertyEU Archive
UK retail investment set for positive returns: CBRE
The rebound in the UK retail investment market is expected to maintain momentum throughout the first half of 2010, according to the atest research from CB Richard Ellis (CBRE).
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PropertyEU Archive
Kardan hit by CEE writedowns
Kardan, the real estate, financial services and infrastructure firm, reported a net loss of EUR 92 mln in 2009 mainly due to negative revaluation results in its CEE real estate activities and credit losses in its banking activities. However, operating revenues for GTC, Kardan's CEE Real Estate division, increased by ...
