All Real Assets articles in Web Issue – Page 522
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PropertyEU Archive
NBG launches EUR 1bn property investment unit
The National Bank of Greece (NBG) has announced the launch of a new property investment arm which will focus on investment and management of real estate assets. The new unit, called NBG Pangaea Real Estate Investment Company, is fully owned by NBG and controls a portfolio of 241 commercial properties ...
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PropertyEU Archive
Shed investment halved in Q1
European real estate firms invested some EUR 300 mln to acquire warehouse and logistics facilities in the first quarter of this year, more than 50% down on the transaction volumes in Q1 last year.
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PropertyEU Archive
Global hotel investment up 53% in Q1: JLL
The global hotel investment market experienced a strong start to the year with first-quarter transaction volumes reaching $2.8 bn (EUR 3.2 bn), a 53% increase on the $1.8 bn transacted in Q1 2009, according to Jones Lang LaSalle.
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PropertyEU Archive
European investment tops EUR 19b in Q1: CBRE
European commercial real estate investment turnover reached EUR 19.1 bn in the first quarter (Q1) of 2010, a 65% increase on the EUR 11.6 bn transacted in Q1 2009, according to the latest data from CB Richard Ellis (CBRE).
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PropertyEU Archive
UBS Sima to raise EUR 370m for acquisitions
Swiss fund manager UBS said it will seek to raise up to CHF 530 mln (EUR 370 mln) for its Sima property fund to finance acquisitions. The operation, which will take place from 22 to 30 April, is the first capital hike carried out by the fund since 2002.
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PropertyEU Archive
Aerium acquires property in Paris at 6.4% yield
Aerium Properties 7 has acquired a mixed use property in the 16th arrondissement of Paris from a private Irish investor. The sale price of EUR 10.5 ml reflects a
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PropertyEU Archive
Hemfosa makes EUR 52m purchase in Sweden
Sweden's Hemfosa has acquired a portfolio of four commercial properties in the Swedish city of Uppsala from property company Ågerup Fastigheter. The transaction amounts to around SEK 500 mln (EUR 52 mln). The assets provide a total of 50,000 m[sup]2[/sup] of commercial space in the areas of Ekeby, Boländerna and ...
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PropertyEU Archive
JLL names 8 international directors in EMEA region
Global real estate advisor Jones Lang LaSalle has announced a raft of international director promotions, including eight in the EMEA region. seven of these are London-based. JLL said international directors are recognised for driving the firm's growth, delivering exceptional results to clients, demonstrating the firm's values, and providing leadership to ...
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PropertyEU Archive
Norwegian fund acquires Movenpick hotel in Zurich
Swiss investment manager Helvetica Property Investors has acquired the four-star Movenpick hotel in Zurich's Regensdorf area on behalf of the Norwegian real estate fund, Swiss Real Estate Danmark. The seller is the Swiss real estate company Clair. The transaction is 'in excess' of NOK 150 mln (EUR 20 mln), the ...
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PropertyEU Archive
Jones Lang LaSalle strengthens Industrial Agency Team in CEE
Jones Lang LaSalle has announced that it is significantly strengthening its industrial team in the CEE region in a step that positions the business to best take advantage of recovering markets and opportunities emerging within the region. Jones Lang LaSalle confirmed that from 1 July Tomasz Olszewski will join the ...
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PropertyEU Archive
BREEAM rated buildings continue to grow with ICSC
BREEAM registrations and certifications for ICSC members continue to grow. Over 40 developments in 13 countries have now registered for assessment. Around 1500 are registered in total including the UK. BREEAM awarded final certification for a growing number of sites from developers that include Redevco, Multi, Wilhelm & Co and ...
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PropertyEU Archive
Jolly takes reins at new Cadena Group
Cadena Group has announced the appointment of Chris Jolly as its first CEO. Jolly was previously a non-executive director of Cadena Group, which is the parent company of Pradera, the specialist retail fund manager. Cadena Group's formation follows the reorganisation of Cadena Holdings and Pradera last month, which saw Cadena ...
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PropertyEU Archive
Friedrich Thiele to leave Colonia RE
Cologne-based Colonia Real Estate has announces that Friedrich Thiele, the board member responsible for real estate, is to leave the company at the end of April.
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PropertyEU Archive
Reul to head German funds at Corestate
Georg Reul is joining the board of Swiss-based investment house Corestate Capital to head the firm's fund business in Germany. Previously, Reul was with IVG for 14 years. During the last five of these, he was member of the IVG management board and in charge of institutional and private funds ...
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PropertyEU Archive
C&W Russia names Popov as executive director
Cushman & Wakefield Russia has announce the appointment of Kirill Popov as executive director. Kirill will focus on coordinating the activities of Office Agency, Retail and Capital Markets Departments.
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PropertyEU Archive
Richard Jones joins Topland as financial director
Richard Jones has joined UK investment firm Topland Group as finance director. He was previously chief financial officer and Group Finance director at Gazeley. Jones has over 25 years of experience as financial professional in the property industry and previous employers also include Railtrack and Heron.
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PropertyEU Archive
Morgan Stanley fund facing further handovers
Morgan Stanley's troubled MSREF VI International fund is facing further handovers, following the fund's warning in a document to investors that it could hand back the keys to some of its properties, including German assets.
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PropertyEU Archive
British Land plans EUR 114m development in London
British Land is embarking on the joint development of a £100 mln (EUR 114 mln) office scheme on Baker Street in the West End of London. The UK REIT announced on Friday that it is acquiring a property located at 2-14 Baker Street from Northern Irish construction group McAleer & ...
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PropertyEU Archive
KDD refinances EUR 185m Sky Towers debt
Ukrainian real estate developer and investor KDD Group said it has reached an agreement in principle with the State Export-Import Bank of Ukraine (ExImBank) for the restructuring of a credit facility of up to $250 mln (EUR 185 mln). The loan was granted for the development of the Sky Towers ...
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PropertyEU Archive
Skanska to develop EUR 35m office complex in Stockholm
Construction and development group Skanska has announced it is to develop new offices for Norwegian financial advisory group Visma in Stockholm. Skanska is to invest SEK 345 mln (EUR 35 mln) in the project.
