All Real Assets articles in Web Issue – Page 553
-
PropertyEU Archive
SoFFin creates bad bank for Hypo RE assets
Germany's financial market stabilization fund SoFFin said on Thursday it had created an external holding pool, or 'bad bank', to which it would transfer up to EUR 210 bn in toxic assets from troubled real estate financier Hypo Real Estate.
-
PropertyEU Archive
Behringer Harvard buys office property in Hamburg
Behringer Harvard has acquired 20 Holstenplatz, a multi-tenant office property in the Altona district of Hamburg from Eurocastle Investment for an undisclosed sum. The property was purchased for Behringer Harvard's Opportunity REIT II.
-
PropertyEU Archive
Governments look to property sales to bolster finances: CBRE
Sales of government-owned real estate in Europe may exceed last year's total of EUR 840 mln as the motivation to sell public sector-owned property assets to raise much-needed capital has become strongly in light of announced deficit-reduction plans, CB Richard Ellis has predicted.
-
PropertyEU Archive
Christie + Co sells Park Inn Hyde Park in London
Christie + Co has announced it has brokered the sale of Park Inn Hyde Park, London on behalf of Gresham Hotel Group. The name of the buyer and the investment volume was not disclosed but the proeprty adviser said it sought offers in excess of £35 mln (EUR 42 mln).
-
PropertyEU Archive
JLL strengthens corporate finance team
Jones Lang LaSalle has announced three new additions to its London-based pan-European Corporate Finance team. Alistair McGill has joined the private equity team as investment manager. He comes from real estate fund manager Prescient Real Estate, prior to which he was a director at Stockland UK.
-
PropertyEU Archive
Dutch country manager steps down at ING RED
Anneke de Vries, country manager for ING Real Estate Development (RED) in the Netherlands, is stepping down following the merger of ING's Dutch development activities with ING RED International. The merger is part of ING's 'Back to Basics' strategy aimed at curbing capital expenditure and limiting the risks of its ...
-
PropertyEU Archive
JLL sees improvement in European direct investment
The strength of economic recovery has fed through into European real estate investment activity, with transaction volumes increasing in the second quarter of 2010, according to Jones Lang LaSalle.
-
PropertyEU Archive
Allianz RE buys office building in Dusseldorf for EUR 100m
Allianz Real Estate Germany has acquired the Spherion office building in Dusseldorf from Signa Property Funds for around EUR 100 mln. Spherion is a certified green building with a total lettable area of about 28,000 m[sup]2[/sup] and is fully let to accountancy firm Deloitte & Touche.
-
PropertyEU Archive
AXA Real Estate raises EUR 230m for European development fund
AXA Real Estate said on Monday it has raised EUR 230 mln at the first close of its pan-European development fund, Development Venture III. The capital was raised from four European investors, together with co-investment from insurance companies of the AXA Group.
-
PropertyEU Archive
ECE enters Spain with acquisition of ING RED mall manager
Hamburg-based ECE Projektmanagement has entered Spain through the acquisition of shopping centre management company Auxideico Gestión from ING Real Estate Development (ING RED). The financial details of the transaction were not disclosed.
-
PropertyEU Archive
SEB deal with Santander will not affect real estate activities
The sale by Swedish financial group SEB of its German retail banking activities to Spain's Banco Santander for EUR 555 mln will not affect its commercial real estate activities, a spokeswoman for the Stockholm-headquartered group said on Monday. SEB's real estate activities fall under the merchant banking division which will ...
-
PropertyEU Archive
Hotel expert Andreas Löcher joins Union Investment
Andreas Löcher has been recruited by Union Investment Real Estate to strengthen its asset management hotels team. The 38-year-old, who holds a degree in business administration, took over management of the Hamburg-based property fund manager's hotel activities on 1 July 2010.
-
PropertyEU Archive
Savills Germany appoints consultant in Munich
Savills Germany has employed Jasmin Dombrowski as a new senior consultant for its Office Agency in Munich.
-
PropertyEU Archive
MEC sells Bow Bells House
Mitsubishi Estate Company, the joint developers and owners of Bow Bells House with Mitsubishi Corporation, has sold the building to an unnamed foreign private investor client of Constanti Real Estate and Gresham Down for in excess of £140 mln (EUR 166 mln).
-
PropertyEU Archive
King Sturge forms partnership with Italian broker Gabetti
UK property adviser King Sturge said on Monday it has formed an association with Gabetti Property Solutions, one of Italy's leading real estate brokerage firms.
-
PropertyEU Archive
JLL hires Grosvenor's James Brown as head of EMEA retail research
Jones Lang LaSalle has announced that James Brown is to join the firm in the autumn as its new head of EMEA retail research and consultancy. Brown is currently UK director of research at Grosvenor. Prior to Grosvenor he was head of retail research at UK-based property advisors DTZ and ...
-
PropertyEU Archive
European office development fails to take off outside London: CBRE
The take-off of European office development is being hampered by the combination of an uncertain rental outlook and constrained access to development finance, according to a new report by CB Richard Ellis (CBRE).
-
PropertyEU Archive
Eroski sells two retail warehouse units to Rockspring
Spanish food retailer Eroski has completed its third sale-and-leaseback transaction of the year with the sale of two retail warehouses to fund manager Rockspring for EUR 14.5 mln. The warehousing units specialise in sporting goods. Rockspring carried out the deal on behalf of its Rockspring TransEuropean IV PLP fund.
-
PropertyEU Archive
'Split-up of ING REIM could speed up sale'
Dutch bancassurer ING Group may need to resort to splitting up its real estate investment management unit to conclude a timely sale, sources close to the deal told news agency Reuters. Morgan Stanley, which has been mandated to evaluate a sale as part of a restructuring in the wake of ...
-
PropertyEU Archive
Investment in London hits EUR 3.3b in Q2: C&W
Investment activity in London's commercial property market continued at a high level in the second quarter, with £2.78 bn (EUR 3.3 bn) transacted in the West End, City and Docklands markets, according to new statistics from property adviser Cushman & Wakefield. This marks a 70% increase on the previous quarter ...
