All Real Assets articles in Web Issue – Page 517
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PropertyEU Archive
Dark clouds brighten on JLL weather forecast
Rental market conditions continued to be gloomy across Europe but there were some signs of stabilisation, according to Jones Lang LaSalle's latest Office Weather Forecast. The property adviser says it believes the worst rental falls are past in all 27 markets and over half recorded no change in rents in ...
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PropertyEU Archive
Panorama in talks to sell Kiev shopping centre
Panorama Group, part of Luxembourg-based Expert Capital, has confirmed that it is in talks with an unnamed investor to sell its flagship shopping centre project in Ukraine, Sky Mall. A Panorama spokesperson told PropertyEU that a final agreement has not yet been reached. The complex is located in the Ukrainian ...
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PropertyEU Archive
Hypo RE reports narrowing losses
Hypo Real Estate, the holding company that owns German lender Deutsche Pfandbriefbank, has reported that its pre-tax losses dropped from EUR 5.3 bn in 2008 to EUR 2.2 bn last year.
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PropertyEU Archive
JLL advised Corio on EUR 1.3b Multi shopping centre deal
Jones Lang LaSalle has confirmed it advised Corio on the purchase of a EUR 1.3 bn shopping centre portfolio developed by Multi Corporation.
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PropertyEU Archive
Nama acquires 60% of REO's EUR 1.5b debt pile
Jersey-registered Real Estate Opportunities has announced that the Irish bad bank scheme Nama is acquiring 60% of its outstanding debt from Irish lenders.
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PropertyEU Archive
British Land lets 10 Triton Street to Aegis
British Land has signed a total of 465,000 sq ft of new lettings at its recently completed London office developments since the announcement of its third quarter results in February, with an additional 154,000 sq ft under offer. Together the new lettings increase the Group's overall office occupancy rate from ...
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PropertyEU Archive
NAI apollo brokers 962m[sup]2[/sup] office space to tax consultant
NAI apollo has brokered 962 m[sup]2[/sup] of office space to a tax consultant. The nationwide operating accounting and tax consulting company group HLB Dr. Dienst & Partner with Dr. Dienst, Zerfaß & Kollegen is expanding their offices in Frankfurt. Landlord of the property 'Westend Office' in the Friedrich-Ebert-Anlage 36, which ...
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PropertyEU Archive
85% of Quartier 21 sold to private and commercial investors
Quartier 21, the company overseeing the development of the new urban district of the same name in Hamburg, said it has sold five further projects at the site. This means that 85% of the space has now been sold to private and commercial investors.
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PropertyEU Archive
Aberdeen working on 3rd Norwegian fund
Aberdeen Property Investors (API) is seeking to raise at least €500 mln in equity for its latest dedicated Norwegian fund. The new fund, Aberdeen Property Fund Norway III, will be an unleveraged closed-end vehicle for institutional-grade core real estate investments.
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PropertyEU Archive
F&C REIT set to buy Liffey Valley mall for EUR 350m
F&C REIT has confirmed that it is in talks to acquire the Liffey Valley shopping centre on the western outskirts of Dublin. A spokesperson for F&C REIT told PropertyEU that negotiations are still ongoing with Aviva Investors and Grosvenor to buy the 44,000 m[sup]2[/sup] shopping centre near Dublin. An announcement ...
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PropertyEU Archive
Kungsleden concludes EUR 47m divestment with Corem
Listed Swedish property company Kungsleden said on Wednesday that it has concluded the sale of 22 commercial properties to Swedish-based Corem Property Group for a net price of SEK 460 mln (EUR 47 mln).
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PropertyEU Archive
Leto shopping centre project 70%-let
The Leto Shopping and Entertainment Center project in St Petersburg, Russia, is already more than 70% leased, it was announced recently at a business breakfast in Moscow organized by the project's developers Sistema-Hals and Apsys Group, along with property adviser Jones Lang LaSalle.
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PropertyEU Archive
Diesel to open in Alpenrhein viillage
Diesel is the latest brand to announce they are opening at Alpenrhein Village after signing up for a 317m[sup]2[/sup] outlet due to open in the Alpenrhein retail outlet village in April. It is the latest in a long line of brands queuing up including Victorinox, Lavazza and Envy Sports ...
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PropertyEU Archive
North American heavyweight enters into London development jv
London-listed Great Portland Estates has agreed to sell a 50% interest in The 100 Bishopsgate development project to the Brookfield Properties Corporation for £42.97 mln (EUR 48 mln) on completion. The joint venture holds all of GPE's Bishopsgate properties which form the 100 Bishopsgate development site in the heart of ...
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PropertyEU Archive
Christie + Co seeks buyers for London and Bournemouth hotels
Christie + Co has been instructed to find a buyer for a proposed 172-bedroom hotel development in Bournemouth, Dorset. The adviser has also arranged 40 viewings of the Park Inn Hyde Park in London before the first round of offers due in mid-April.
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PropertyEU Archive
Bouwfonds European resi fund makes three investments
Bouwfonds Real Estate Investment Management has announced that its open-ended Bouwfonds European Residential Fund has concluded three new acquisitions. The investments in Hanover, Marburg and Stockholm have a total value of EUR 33.6 mln.
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PropertyEU Archive
UK watchdog underestimates scale of property crisis: Hatfield Philips
The UK's Financial Services Authority has underestimated the scale of the commercial property crisis, Europe's largest independent Primary and Special Servicer has warned.
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PropertyEU Archive
European volumes up 10% over last four quarters: DTZ
The volume of commercial real estate investment across Europe in the first quarter of 2010 fell 29% quarter-on-quarter to EUR 16.3 bn, according to global property adviser DTZ.
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PropertyEU Archive
Tashir buys Europark mall in Moscow for EUR 44m
Russian holding company Tashir has completed the acquisition of the Europark shopping centre on Rublevskoe Highway in Moscow for around $60 mln (EUR 44.5 mln).
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PropertyEU Archive
Orco books further losses after writedowns
Orco Property Group reported a net loss of EUR 250.6 mln in 2009 on revenues down 16% at EUR 251 mln. The decline reflected a 12% writedown of the real estate portfolio by EUR 232 mln to EUR 1.81 bn. Over the past two years, Orco has seen ...
