All Real Assets articles in Web Issue – Page 540
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PropertyEU Archive
Larger European economies lead property upturn: King Sturge
King Sturge has said that its s latest research provides some reassurance that the worst may be over for Europe's property markets even though the turbulence in euro area markets has taken the edge of an improving global outlook in recent weeks.
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PropertyEU Archive
Forever 21 chooses Dublin for first European store
Property advisor Savills have announced that US fashion giant Forever 21 has chosen to locate its first European store in the Jervis Shopping Centre in Dublin in one of the largest retail leasing deals in Ireland over the past three years.
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PropertyEU Archive
GTC buys 50% of Warsaw mall project
CEE commercial property developer Globe Trade Centre (GTC) has completed the acquisition of a 50% stake in a shopping centre project in the Wilanow district of Warsaw owned by Polish listed company Polnord.
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PropertyEU Archive
NSI rasies EUR 55m to fund acquisitions
Listed Dutch real estate firm Nieuwe Steen Investments (NSI) raised EUR 55 mln in a private placement on Thursday to fund the acquisition of several properties.
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PropertyEU Archive
Vasakronan sells EUR 565m housing portfolio
Sweden's largest property company Vasakronan said it has divested its Dombron residential property unit to one of its four shareholders, the Fourth Swedish National Pension Fund. The transaction volume amounts to SEK 5.4 bn (EUR 565 mln), making it one of the largest residential portfolio deals ever in Sweden.
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PropertyEU Archive
C&W advises on largest Moscow office leasing in two years
Russian oil company TNK-BP has signed a lease of 37,700 m[sup]2[/sup] of office space at DS Development's Nordstar Tower business centre in Moscow. Property advisor Cushman & Wakefield described the transaction which it advised on as the largest office letting in the Russian market for two years.
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PropertyEU Archive
Morgan Stanley appointed to sell ING REIM - report
ING Bank has reportedly appointed Morgan Stanley to market its EUR 64 bn ING Real Estate Investment Management business. The sales process will start in the next few weeks, according to reports in UK real estate publication Estates Gazette and Private Equity Real Estate (PERE).
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PropertyEU Archive
Catella Property closes Brussels office
Catella Property Group is closing its loss-making office in Brussels as part of a move to reduce its transaction advisory business in Belgium 'for the time being'.
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PropertyEU Archive
Immofinanz buys Polus Center Constanta from Trigranit
The recently merged Austrian group Immofinanz has confirmed the purchase of 85% of the Polus Center Constanta mall project in Romania from Budapest-based developerTrigranit. Although financial details were not disclosed, the property is said to have been sold for a nominal sum of EUR 1 and the assumption of EUR ...
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PropertyEU Archive
L&S to convert to REIT status by September
AIM-listed London & Stamford (L&S) is heading closer to its aim of converting to REIT status after posting a nearly 20% rise in its Net Asset Value per share in the year ended 31 March.
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PropertyEU Archive
European listed real estate suffers further declines in May: GPR
Listed European real estate returned - 6% in May, following a - 2.3%return for the month before, according to GPR 250 Europe index. Switzerland (1.4%) and Sweden (0.3%) were the only European country components in the indices with a positive result.
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PropertyEU Archive
Gregory Van der Elst joins Deloitte RE
Gregory Van der Elst has joined the Transaction Advisory and Corporate Finance service line of Deloitte Real Estate. Van der Elst gained an extensive experience in management, finance and real estate first with Cap Gemini, then as property investment surveyor and recently as manager infrastructure and real estate at KPMG.
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PropertyEU Archive
Prologis leases 61,000 m[sup]2[/sup] in Europe
Global distribution facility specialist Prologis announced it has signed second-quarter lease agreements totalling approximately 61,400 m[sup]2[/sup] with four customers in Europe.
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PropertyEU Archive
Pension fund buys property in Budapest for EUR 14m
Evgyuruk Pension Fund has purchased category A office building in Budapest for 3.8 bn forints (EUR 13.7 mln). The property at Ulloi ut 48 was sold by BIF.
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PropertyEU Archive
Salans advises Aerium on EUR 186m Turkish refinancing
International law firm Salans said it advised Aerium, a European real estate fund manager, on the refinancing of its Turkish retail portfolio, Bainbridge Capital Retail Properties in May. The re-financing was carried out through a $240 mln (EUR 186 mln) debt facility with Akbank, Turkey's largest merchant bank.
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PropertyEU Archive
Stonehage plans to grow property portfolio to EUR 2.4bn
Stonehage Property Partners (SPP), the specialist property advisory business of the Stonehage Group, said on Friday that it is planning to expand its property portfolio to £2 bn (EUR 2.4 bn) over the next few years, as international wealthy families continue to increase their exposure to property globally.
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PropertyEU Archive
JLL issues part two of Retail 2020
Jones Lang LaSalle issued today part two of the Retail 2020 study Power to the People / Consumer Cut-through. Retail 2020, which was launched on 28 May via a bespoke interactive website, examines the rapidly changing global retail landscape over the next ten years.
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PropertyEU Archive
Magazine: Cap 3000 buy is ABP's first co-investment with Altarea
The acquisition of the Cap 3000 shopping centre in Nice by a three-way consortium including ABP is the latest example of the Dutch pension fund's strategy to co-invest alongside companies in which it holds a substantial interest. The Cap 3000 purchase was the first alongside Altarea, in which ABP holds ...
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PropertyEU Archive
FBU completes EUR 44m unit buy-back
Listed Norwegian real estate group FBU announced that it has completed the purchase of units from the unit holders for NOK 348 mln (EUR 44 mln). The transaction is partly financed by loans for a total of NOK 195 mln from two of the group's existing banks, with collateral in ...
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PropertyEU Archive
Ablon opens The Courtyard by Marriott in Budapest
Ablon Group, a real estate owner and developer in Central and Eastern Europe, has announced the opening of its first hotel development in Budapest. The Courtyard by Marriott Budapest City Center Hotel consists of 235 rooms in a newly built contemporary building that combines modern comfort and traditional refinement. It ...
