All Real Assets articles in Web Issue – Page 542
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PropertyEU Archive
European office rents grow for first time in 18 months: CBRE
Signs of a turning point in Europe's office sector were evident during the first quarter (Q1) of 2010, according to the latest research from CB Richard Ellis (CBRE).
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PropertyEU Archive
Castellví launches phase II of Barcelona's 22@ business park
Spain's Grupo Inmobiliario Castellví has started the development of Phase II of the 22@Business Park project in the new business district of Barcelona. The new phase will see the development of an office complex consisting of four buildings with 46,000 m[sup]2[/sup] of total surface and 260 parking spaces.
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PropertyEU Archive
Magazine: 'Allianz dropped out of Cap 3000 race due to flood claims'
German insurer Allianz withdrew from the race to acquire the Cap 3000 shopping centre in Nice after receiving over EUR 300 mln in claims for a flood which hit the surrounding area earlier this year.
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PropertyEU Archive
Savills advises on EUR 40m industrial development in Barcelona
Property adviser Savills has acted for Nueva Rumasa in the acquisition of an industrial development site outside Barcelona, which will result in a EUR 40 mln headquarters and production plant for chocolate milk drink manufacturer Cacaolat.
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PropertyEU Archive
TMW spends EUR 61m in German nursing homes
TMW Pramerica is launching a special real estate fund to invest exclusively in care residences. The fund will take advantage of a growing demand for these assets in Germany, Prudential Financial's European fund management unit said.
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PropertyEU Archive
Berggruen paid EUR 80m for Karstadt, no rent agreement reached with Highstreet
Private equity firm Berggruen Holdings is believed to have paid around EUR 80 mln in its winning bid for insolvent German retailer Karstadt, according to those who track the market.
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PropertyEU Archive
OVG awarded 'Excellent' BREEAM-NL rating for office project
Rotterdam-based developer OVG has been awarded the first BREEAM-NL new build sustainability certificate with an 'Excellent' (four star) rating. The Dutch Green Building Council (DGBC) formally presented the certificate to OVG during the first day of the Provada real estate fair in Amsterdam on Tuesday.
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PropertyEU Archive
TPG Capital and Green Property form JV for UK, Ireland
Global private equity firm TPG Capital and Green Property have formed a joint venture to invest up to EUR 900 mln of debt and equity in real estate assets in the UK and Ireland.
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PropertyEU Archive
EPRA hires EU lobbyist
The European Public Real Estate Association (EPRA) has announced the appointment of Romain Triollet as its Public Affairs Director. EPRA said the new position will allow it to play a more active role in the public debate on the EU's economic and financial reform as it affects listed real estate, ...
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PropertyEU Archive
Pirelli RE to focus on services
Pirelli Real Estate is re-focusing its business on services and asset management activities to take account of the scarcity of operators in the market, Giulio Malfatto, CEO of Pirelli & Co. Real Estate said during a conference on the first day of the Expo Italia Real Estate Fair in Milan.
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PropertyEU Archive
German institutional investors to invest EUR 8.1 bn in funds
German institutional investors could invest up to EUR 8.1 bn into non-listed funds over the next three years, according to INREV's Investor Universe Germany Survey 2010. Overall around EUR 26.2 bn is slated to be invested in real estate as an asset class.
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PropertyEU Archive
IGD to invest EUR 103m in purchase of two Italian malls
Italy's IGD SIIQ is investing a total of EUR 103 mln to acquire two shopping centres in the Sicilian capital of Palermo and in the northern city of Conegliano Veneto, CEO Claudio Albertini told PropertyEU in an interview during the Expo Italia Real Estate Fair in Milan.
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PropertyEU Archive
JLL launches 3rd part of retail 2020 report
Jones Lang LaSalle has issued part three of its Retail 2020 study, Online Gold Rush. Retail 2020, which was launched on 28 May via a bespoke interactive website, examines the rapidly changing global retail landscape over the next 10 years.
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PropertyEU Archive
Expert panel says 'yes' to Amsterdam bid for 2028 Olympics
Amsterdam should pursue a bid for the 2028 Olympic Games as such an event offers a unique opportunity for city rebranding. That was one of the key conclusions of an expert panel of urban development specialists from Barcelona, Turin and London who came together on Wednesday at the ULI/PropertyEU Masterclass ...
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PropertyEU Archive
London & Stamford acquires residential units for EUR 33m
AIM-listed London & Stamford Property has exchanged contracts with Weston Homes for the purchase of the remaining 57 residential units at Bridges Wharf on the Southbank of the River Thames next to Battersea Heliport, London, SW11. The acquisition also includes 57 car parking spaces.
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PropertyEU Archive
UK pension funds seek to increase property exposure: Aberdeen
Over one-third of UK pension schemes who already invest in property have indicated that they are actively looking to increase their exposure, according to a survey conducted by Aberdeen Asset Management.
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PropertyEU Archive
Prologis signs build-to-suit agreements in France and Japan
Prologis, the New York-listed distribution facilities specialist, has signed two build-to-suit agreements in France and Japan, totalling approximately 48,500 m[sup]2[/sup]. These transactions will be second-quarter development starts and represent approximately $60 mln (EUR 50 mln) of total expected investment.
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PropertyEU Archive
OVG and Triodos Bank launch public sector 'green' jv
Rotterdam-based real estate developer OVG and Triodos Bank are launching a joint venture to help 'green' public sector real estate in the Netherlands. The pair are combining their forces in the new firm for the development of sustainable real estate schemes in the education, culture and health sectors.
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PropertyEU Archive
Siemens shortlists BNP Paribas RED to build new Milan HQ
Siemens is in advanced negotiations with BNP Paribas Real Estate Property Development about the construction of its new headquarters in Milan.
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PropertyEU Archive
Brioschi concludes two transactions
Italy's Milanofiori, a unit of property developer Brioschi Sviluppo Immobiliare, has signed a preliminary agreement to sell a 8,000 m[sup]2[/sup] office scheme in Assago, near Milan, to Ubi Leasing for a total of EUR 32 mln, excluding taxes. The operation is expected to be completed by the end of September ...
