All Real Assets articles in Web Issue – Page 544
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PropertyEU Archive
Vastned receives first BREAAM In-use certificate
Dutch listed property company Vastned received the first BREEAM In-Use certificate for a building in Germany at the Provada real estate fair in Amsterdam this week. This is the first time that an existing building has been certified under the BREEAM In-Use methodology.
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PropertyEU Archive
'Silver lining' in property markets hard to find: ULI Germany summit
The million-dollar question as to where to find the ‘silver lining’ in the ongoing economic and property crisis in Europe is no closer to being answered, said Bernhard Hansen, chairman of ULI in Germany and CEO of German property group Vivico Real Estate, as he opened ULI Germany’s Urban ...
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PropertyEU Archive
Panorama hires Savills to sell two Italian malls
Retail group Panorama has mandated Savills to sell two shopping centres in Pistoia and Alessandria, northern Italy, according to well-informed market sources. The schemes are said to be worth a total of EUR 80 mln.
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PropertyEU Archive
Realty Lab hired to sell 10,000 m[sup]2[/sup] of retail in Padua
Realty Lab, the Milan-based real estate brokerage firm, is looking for a buyer for a 10,000-m[sup]2[/sup] retail project being built by a local developer adjacent to the long-established Piazza Grande shopping centre in Piove di Sacco, 20 km south-east of Padua, Northern Italy.
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PropertyEU Archive
French govt to offload 1,700 properties
The French government has announced plans to divest 1,700 real estate assets in the next three years in a bid to reduce the country's public debt.
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PropertyEU Archive
Redevco buys in Madrid for EUR 27m
Dutch privately held investor Redevco has acquired a retail unit in the Salamanca district of Madrid for around EUR 27 mln. Located at Goya street, the property offers around 2,300 m[sup]2[/sup] of retail space and is leased to fashion retailer Zara with a long-term rental agreement.
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PropertyEU Archive
Risanamento sells Falck to Korean consortium for EUR 405m
The management board of listed Italian real estate developer Risanamento has approved the sale of the Falck development site in Milan to Bi & Di Real Estate for EUR 405 mln. In a statement, Risanamento confirmed that it has received an offer from Bi & Di on behalf of a ...
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PropertyEU Archive
Eroski sells to ING RE for EUR 50m
Spanish supermarket group Eroski said it has sold the Bilbondo shopping centre to the Iberian value-added fund managed by ING Real Estate Investment Management for EUR 50 mln. Located in Basauri, Vizcaya, the centre offers an Eroski hypermarket and a retail gallery with over 50 shops. Eroski has leased back ...
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PropertyEU Archive
Maturing European logistics market attracts institutional investors: CBRE
Changes in the characteristics of the European logistics property market have continued to boost the scale and quality of investable stock and are contributing to the sector's rise as an institutionally acceptable investment medium, according to latest research from CB Richard Ellis (CBRE).
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PropertyEU Archive
Banimmo clinches pre-lettings for two renovated buildings
Belgian real estate firm Banimmo has announced the repositioning of two assets in its portfolio on the basis of long term pre-letting agreements. Both buildings, located in the Da Vinci Park in Brussels, were rented when acquired. Banimmo said the objective was to carry out renovation or restructuring work in ...
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PropertyEU Archive
Doughty Hanson receives first BREEAM rating in Italy
Mac 567, the new office complex developed by Doughty Hanson in Milan, has become the first Italian project to boast a BREEAM sustainability certificate.
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PropertyEU Archive
Invista sells Science Park buildings to Legal & General
Invista Real Estate Investment Management has sold three properties in Cambridge Science Park to Legal & General Property on behalf of a client. The buildings were acquired on behalf of LGP’s UK Property Trust for £17.75 mln (EUR 21.4 mln), representing a net initial yield of 7.775%.
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PropertyEU Archive
Parsitalia starts development of Rome's Eurosky tower
Italy's Parsitalia Real Estate has started the construction of the Eurosky tower in the Eur business district of Rome, Chief Executive Luca Parnasi said during a presentation of the project at the Expo Italia Real Estate fair in Milan last week. The scheme, which is set to become Italy's tallest ...
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PropertyEU Archive
EIRE 2010 attracted 14,000 professionals
The Expo Italia Real Estate (EIRE) trade fair held earlier this month in Milan attracted more than 14,000 real estate professionals from 50 countries, 473 companies and institutions, plus 300 registered journalists, the organiser Ge.Fi. has said.
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PropertyEU Archive
Eco sells Opernringhof for EUR 101m
Vienna-listed Eco Business-Immobilien has announced it is selling the Opernringhof office complex in the Austrian capital for EUR 101 mln. The asset will be sold to an Austrian private investor for a price significantly above the current value and nearly 19% over the total investment cost, Eco said.
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PropertyEU Archive
Conwert makes EUR 166m takeover bid for Austrian peer
Conwert Immobilien Invest SE, the Vienna-listed residential property firm, has unveiled a EUR 6.50 per share takeover bid for Austrian peer Eco Business-Immobilien. Conwert already holds just under 25% of the shares in Eco Business and manages the business.
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PropertyEU Archive
Berlin Hyp/Landesbank Berlin finance 3 properties
Berlin Hyp/Landesbank Berlin and DG HYP Deutsche Genossenschafts-Hypothekenbank have syndicated a EUR 107 mln investment facility for three properties acquired by French real estate investment trust Foncière des Régions. Berlin Hyp acted as the lead arranger.
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PropertyEU Archive
Carlyle has EUR 750m war chest for European real estate
Global private equity firm Carlyle has a EUR 750 mln war chest for its Europe Real Estate Partners III fund, according to Guido Audagna, head of Carlyle Italy. The vehicle, which raised EUR 2.2 bn of equity in 2008, is eyeing two shopping centre acquisitions in the Italian market after ...
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PropertyEU Archive
Former Abu Dhabi executive joins Internos investment committee
Mark Burton, former chief investment officer for real estate at the Abu Dhabi Investment Authority, has joined the investment committee of Internos Real Investors, the EUR 1.5 bn owner-managed real estate fund management business.
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PropertyEU Archive
CBRE launches new measure of value trends in Europe
CB Richard Ellis (CBRE) has launched a new measure of value trends in the European property market. The global broker said the European Valuation Monitor (EVM) provides investors with a regular guide to changes in capital values, based on regular fund valuations in order to give a quick snapshot of ...
