All Real Assets articles in Web Issue – Page 529
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PropertyEU Archive
Karstadt portfolio may attract new bidder
A new investor has showed 'serious interest' in acquiring the insolvent German department-store chain Karstadt, administrators told newspaper Frankfurter Allgemeine on Sunday. According to Karstadt's insolvency administrator Klaus Hubert Görg, the company has decided to extend the bidding period until May 28 from the previous deadline of April 28 after ...
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PropertyEU Archive
Emerging markets catch up in global retail stakes: CBRE
The UK maintained its position as the world's most dominant retail destination in 2009, followed closely by the United Arab Emirates (UAE), according to the latest edition of the How Global is the Business of Retail? report by real estate adviser CB Richard Ellis (CBRE). The UK attracted 58% of ...
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PropertyEU Archive
CBRE Investors makes first purchase for European core fund
CB Richard Ellis Investors has bought a West End office block for £32 mln (EUR 37 mln) in the first acquisition for its newly-launched Pan European Core (PEC) fund.
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PropertyEU Archive
Investment volumes hit EUR 22 bn in Q1: C&W
European commercial property investment rose by nearly 80% year-on-year to EUR 22.4 bn in the first quarter of 2010, according to new research issued by Cushman & Wakefield. Trading was buoyed by further growth in demand, particularly from foreign players, improving debt market sentiment, increased interest in larger lot sizes ...
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PropertyEU Archive
WP Carey in £22m sale-and-leaseback with TDG
US investor WP Carey announced on Tuesday that one of its publicly held non-traded REIT affiliates has purchased eight cold storage facilities from UK logistics and supply chain management company TDG. The transaction price amounts to a total of £22 mln (EUR 26 mln), including acquisition fees, in an all-equity ...
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PropertyEU Archive
L&G Property buys 4 assets in the UK for EUR 27m
Legal & General Property (LGP), on behalf of its Property Unit Trust, has purchased a portfolio of industrial assets in Luton, Hounslow, Sevenoaks and Bristol from a private pension fund for close to £24 mln (EUR 27.5 mln), reflecting a net initial yield of around 7.3%. CBRE advised LGP on ...
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PropertyEU Archive
Crown Estate, Land Securities buy £56m Oxford shopping centre
The Crown Estate has sold a 50% stake in the Westgate Centre, Oxford to Land Securities just after completing the purchase of the centre from Capital Shopping Centres for £56 mln. Land Securities is now buying a 50% interest in the complex for just over £28 mln (EUR 33 mln), ...
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PropertyEU Archive
Terreis buys EUR 56m worth of assets
French property firm Terreïs has committed to invest EUR 56 mln in the acquisition of a portfolio consisting of seven office properties in the Paris region. The transaction reflects a yield of 7.4 %.
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PropertyEU Archive
Real I.S. buys EUR 71m building for new German fund
German investor Real I.S. said on Tuesday that it has purchased a new office building in Dusseldorf for its newly launched German-focused fund, Bayernfonds Deutschland 20. Located between the airport and the city centre, the property is rented on a long-term basis to the federal government and was acquired for ...
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PropertyEU Archive
Banimmo places EUR 75m of bonds to fund acquisitions
Belgian property company Banimmo has fully placed the maximum amount of EUR 75 mln planned for its bond issue. 'Due to the strong demand created by its public offering of a five-year bond with warrants, the
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PropertyEU Archive
British Land, Blackstone to build new UBS building at Broadgate
UK REIT British Land and the Blackstone Group said on Tuesday that they plan to construct a new building at London's Broadgate Estate for existing tenant UBS.
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PropertyEU Archive
Berlin Hyp upbeat after higher Q1 results
German bank Berlin Hyp boosted pre-tax profit by 10.2% to EUR 21.6 mln in Q1 compared to the average quarter last year. Net profit came to EUR 13.2 mln, the bank said in a press statement. Interest and net commission income was steady at EUR 53.9 mln.
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PropertyEU Archive
Hotel investment levels up 46% in Europe in Q1
The global hotel investment market experienced a strong start to the year with first-quarter transaction volumes reaching $2.8 bn (EUR 2.1 bn), a 53% increase on the $1.8 bn transacted in Q1 2009, according to latest research from Jones Lang LaSalle. Europe, Middle East and Africa (EMEA) remained the most ...
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PropertyEU Archive
Core markets account for 80% of retail investment in Q1
Direct retail real estate investment in Europe in the first quarter 2010 accounted for EUR 5.4 bn, more than double the volume of Q1 2009, according to Jones Lang LaSalle. ‘The Big 5’ core European markets continue to be the main focus for investors, with volumes in these markets (UK, ...
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PropertyEU Archive
Townsend Group appoints ex-ING executive
The Townsend Group has appointed Nick Cooper, former CEO of ING Real Estate Select, as Principal in its London office. His responsibilities will include growing the firm’s real estate multi-manager investment management business in the European and Asian markets and participating in the company’s Global Investment Committee.
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PropertyEU Archive
Tishman Speyer puts OpenTurm back on the market
US developer Tishman Speyer has put its Openturm office tower in Frankfurt back on the market after a failed attempt to sell the trophy building to KanAm in 2008. A Tishman Speyer spokesperson confirmed to PropertyEU that the US developer and investor has mandated CB Richard Ellis, BNP Paribas ...
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PropertyEU Archive
RREEF fund buys logistics warehouse in France
RREEF Spezial Invest, part of the RREEF group managed by Deutsche Bank, has announced the acquisition of a class A warehouse measuring 42,265 m[sup]2[/sup] in Wattrelos, near Lille in France, for a approximately EUR 21 mln.
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PropertyEU Archive
Resolution buys McArthurGlen's Troyes outlet from HGI
Resolution Property has acquired McArthurGlen Troyes from Henderson Global Investor’s European Outlet Mall Fund for EUR 85.5 mln. The purchase, made on behalf of the Resolution Real Estate Fund III L.P, is Resolution Property’s first in France. German bank Helaba provided the finance for the deal.
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PropertyEU Archive
London's West End dearest office market
London’s West End remains the world’s most expensive office market with an occupancy cost of EUR 1457.59 per m[sup]2[/sup] per annum (£120.50/$182.94), according to CB Richard Ellis' semi-annual Global Office Rents survey. Hong Kong’s Central Business District (CBD) has risen to second place pushing Tokyo’s Inner Central to third place. ...
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PropertyEU Archive
GSW Immobilien postpones IPO
GSW Immobilien has postponed its planned IPO for this Friday, citing ‘significantly increased volatility and uncertainty in global equity markets’.
