All Real Assets articles in Web Issue – Page 518
-
PropertyEU Archive
ING RED in talks to sell Spanish shopping centre management arm
ING Real Estate Development is in talks with a number of potential investors to sell its Spanish shopping centre management unit, called Auxideico Gestión, according to well-informed sources.
-
PropertyEU Archive
Cerberus, Whitehall get green light to IPO Berlin resi firm
US private equity firm Cerberus Capital Management and Goldman Sachs' Whitehall vehicle have been given the green light by the Berlin Senate to IPO the GSW residential company.
-
PropertyEU Archive
Retail sector dominates corporate sale: CBRE
The corporate real estate sales market in Europe has undergone a significant shift since the early years when it was dominated by city centre office disposals.
-
PropertyEU Archive
JLL named as one of World's most ethical companies
Jones Lang LaSalle has been named by the Ethisphere Institute as one of the World’s Most Ethical Companies for 2010. The only real estate firm to be recognized, Jones Lang LaSalle secured a place on the list by implementing business practices judged to be instrumental to the firm’s success, ...
-
PropertyEU Archive
ILG buys Munich retail property for EUR 65m
German investor ILG Fonds said that it has acquired the Landshut Park retail property in the German region of Bayern from Dutch real estate developer Ten Brinke Projectontwikkeling. The transaction amounts to a total of EUR 65 mln, of which EUR 42 mln of equity.
-
PropertyEU Archive
KGAL buys EUR 78m office project for new Austrian fund
German fund manager KGAL said that it has acquired the LX2 office project in Vienna on behalf of its newly-established Property Class Austria 7 fund. The property, which will offer 15,500 m[sup]2[/sup] of total surface, is located in the centre of the city, directly across the project from the new ...
-
PropertyEU Archive
Secondary property to suffer from bond yield rises: CBRE
Measures taken to restore public finances are most likely to affect secondary property rather than prime, according to a new report published by CB Richard Ellis.
-
PropertyEU Archive
DIC capital increase four times oversubscribed
Listed German real estate firm DIC Asset has announced that its recent rights offer was more than four times oversubscribed. DIC's issued share capital increased from EUR 31 mln to just under EUR 40 mln. The issue proceeds for the company totalled EUR 47 mln.
-
PropertyEU Archive
Sweden's Catena pulls out of Norway to focus on home market
Swedish property company Catena said it is retreating from the Norwegian property market with the sale of a portfolio consisting of four commercial properties in the Oslo region. The move is part of the company's strategy to increase its exposure to the Swedish property market.
-
PropertyEU Archive
Savills represented Corio in Le Vele deal
Real estate advisor Savills has confirmed it represented retail specialist Corio in the acquisition of Le Vele & Millennium, Cagliari, Sardinia from Schroder European Property Investments for EUR 103 mln.
-
PropertyEU Archive
Grainger acquires residential portfolio for EUR 17m
Grainger, the UK's largest specialist quoted residential property company, announced last week that it has acquired PHA for a total of £15.3 mln (EUR 17.2 mln).
-
PropertyEU Archive
IPD Italy books 2.5% return in 2009
Italian commercial property delivered a 1.5% total return over the second half of last year, which contributed to an annual 2.5% return, according to the IPD Italian Bi-Annual Property Index. The second half of the year represents a 40 basis points improvement over the first six months.
-
PropertyEU Archive
GPR 250 Europe gains 7.3%
The GPR 250 Europe index booked a gain of 7.3% in March led by Poland with an increase of 21.6% and Turkey, up 17.2%. All countries booked an increase over the month with the exception of Greece which reported a negative return of 8.6%.
-
PropertyEU Archive
O Twelve sells industrial estate at 37% above valuation
O Twelve Estates has announced the sale of an industrial estate in Swanley, Kent to an institutional investor for £24.4 mln (EUR 27 mln), reflecting a 6.8% yield.
-
PropertyEU Archive
EBRD mulls EUR 51m financing for Galeria Burgas development
The European Bank for Reconstruction and Development said that it is considering providing a EUR 51 mln loan to CEE property developer Globe Trade Centre for the development of the Galeria Burgas shopping centre in Bulgaria.
-
PropertyEU Archive
Lloyd Fonds acquires Dutch office project
Dutch developer OVG Projectontwikkeling is selling its office development for financial advisory group KPMG in The Hague to the German Lloyd Fonds. The financial details of the transaction were not disclosed.
-
PropertyEU Archive
Corio appoints new CFO and COO
Listed retail specialist Corio plans to appoint Ben van der Klift as Chief Financial Officer (CFO) and Francine Zijlstra as Chief Operational Officer (COO) with effect from 1 May 2010. The proposal will be put to the general meeting of shareholders (AGM) on 23 April 2010. The current CFO Jan ...
-
PropertyEU Archive
Second strongest take-up in City ever: CBRE
Take-up of office space in the City of London in the first quarter was the highest on record since 2000, according to research from CB Richard Ellis (CBRE).
-
PropertyEU Archive
IVG sells London building to Aviva Investors at 5.1% yield
Listed German real estate firm IVG Immobilien has sold the long leasehold interest in 111 Strand, London to UK-based asset manager Aviva Investors. The investment volume of £35 mln (just under EUR 40 mln) reflects a net initial yield of 5.1%.
-
PropertyEU Archive
L&G targets EUR 1b UK fund at European investors
Legal & General Property has raised £175 mln (almost EUR 200 mln) from European institutions in the first close of its UK Property Income Fund. The £1 bn (EUR 1.1 bn) fund is aimed at European investors seeking to take advantage of opportunities in the UK real estate market.
