All Real Assets articles in Web Issue – Page 521
-
PropertyEU Archive
Westimmo grows lending 13% in 2009
German financier Westimmo reported that its commercial property financing grew to EUR 6.2 bn last year, 13% above the previous year' s result. Only 12.5% of total new business related to loan extensions.
-
PropertyEU Archive
PEPR leases 77,500 m[sup]2[/sup] in the Netherlands
Euronext-listed Prologis European Properties (PEPR) has announced the signing of two lease agreements totalling 77,500 m[sup]2[/sup] of distribution space in the Netherlands.
-
PropertyEU Archive
Over £3 bn of City offices for sale in London
Over £3 bn (EUR 3.4 bn) of office real estate is up for grabs in the City of London as owners seek to take advantage of a gradual recovery in the market, according to Andrew Hawkins, head of JLL's City Investment division. 'We expect investment volumes to be up by ...
-
PropertyEU Archive
HSBC Reim acquires Paris office properties for EUR 40m
HSBC Real Estate Investment Management has acquired 3,600 m[sup]2[/sup] of office space within the Tour Franklin at Paris' business district of La Defense as well as an office building offering 2,600 m[sup]2[/sup] of space in the seventh arrondissement of Paris. The transaction price amounts to EUR 39 mln.
-
PropertyEU Archive
Banca Italease sells Milan HQ for EUR 60m
Banca Italease has sold its headquarters on Piazzale Cadorna in Milan to energy group Edison for around EUR 60 mln. The disposal is part of Italease's decision to relocate to a new office building at Via Stile. The transaction price is about 9% more than the EUR 55 mln book ...
-
PropertyEU Archive
LaSalle takes possession of EUR 60 mln office development
LaSalle Investment Management has taken possession of the Metris office development in Munich. The property is being contributed to the LaSalle Income & Growth Fund.
-
PropertyEU Archive
Gulliford to lead Segro's Continental Europe activities
Segro, the European flexible business space provider, has announced the appointment of Andrew Gulliford as managing director, Continental Europe. Gulliford has been at Segro for six years, latterly as Business Development director. He was given additional responsibilities in the running of the Continental European operations in January 2010.
-
PropertyEU Archive
Mouton takes helm at Hammerson France
London and Paris-listed REIT Hammerson has announced the formal appointment of Jean-Philippe Mouton as managing director of its operations in France.
-
PropertyEU Archive
Investors line up for Valdebebas project
The city of Madrid is evaluating offers of over EUR 150 mln for the land and development rights of Parque Valdebebas, one of Spain's largest mixed-use development projects located in the north of the capital.
-
PropertyEU Archive
Morgan Stanley set to book $5.4 bn property loss
Morgan Stanley has warned investors that its $8.8 bn (EUR 6.5 bn) MSREF VI fund could lose as much as $5.4 bn (EUR 4 bn) after being forced to take writedowns or hand back the keys on a range of investments around the globe including Europe. The news, which was ...
-
PropertyEU Archive
LGP acquires shed project for EUR 53 mln
Legal & General Property has agreed to acquire a distribution centre project in the UK from Goodman for 47 mln (EUR 53 mln). Goodman, a global provider of industrial and business space, announced this week that it will commence development of the pre-let 43,484-m[sup]2[/sup] regional distribution centre (RDC) at Andover ...
-
PropertyEU Archive
Deka acquires Kranhaus Sud in Cologne for EUR 65m
Deka Immobilien announced on Wednesday that it has acquired the Kranhaus Süd office building in the Rheinauhafen district of Cologne. The investment volume comes to around EUR 65 mln.
-
PropertyEU Archive
Vodafone names four preferred property advisers
Vodafone has awarded preferred supplier status to four property consultants. The mobile phone giant said the move is designed to improve operational efficiencies through the consolidation of the number of agents it deals with internationally.
-
PropertyEU Archive
Allianz closes on Budapest's Allee
Global property adviser Jones Lang LaSalle has confirmed that Allianz Real Estate Germany has acquired 50% of Allee Shopping Centre in Budapest for a price exceeding EUR 100 mln. ING Real Estate Development, the developer of the centre, is retaining the other 50%.
-
PropertyEU Archive
German banks provide refinancing for Warsaw office project
Berlin Hyp and Landesbank Berlin said on Wednesday that they have jointly provided refinancing totalling more than EUR 34.7 mln for the construction of the Harmony Office Center in Warsaw. The borrower is the Harmony Office Center vehicle and the loan has a five-year term.
-
PropertyEU Archive
RICS names Tompkins as new CEO
The Royal Institute of Chartered Surveyors (RICS) has named Sean Tompkins as its new CEO. Tompkins, currently the organisation's chief operating officer, will replace Louis Armstrong who is to retire later this year.
-
PropertyEU Archive
IVG clinches major leasing deals
IVG Immobilien, the largest listed real estate firm in Germany, has signed leasing contracts for almost 40,000 m[sup]2[/sup] of office space. The leasing success, IVG said, was helped by a slight improvement in employment levels.
-
PropertyEU Archive
Watson to head core funds at LaSalle
LaSalle Investment Management announced that Andy Watson, an international director in the Paris office, has taken on a newly created role as head of Core Funds and Separate Accounts, Continental Europe.
-
PropertyEU Archive
De Poulpiquet rejoins Morgan Stanley
Morgan Stanley Real Estate Investing has appointed Olivier de Poulpiquet as its new European Head. The appointment is effective from 1 May. De Poulpiquet replaces Marco Polenta, who is leaving the company to pursue opportunities outside of Morgan Stanley.
-
PropertyEU Archive
Aviva Life & Pension buys UK retail park at 6.04% yield
Aviva Life & Pension UK has purchased Cambridge Close Retail Park in the UK from The Junction, a fund run by co-investing asset manager Capital & Regional.
