All Real Assets articles in Web Issue – Page 554
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PropertyEU Archive
JLL and DTZ Zadelhoff to advise on ABN Amro branch sell-off
ABN Amro Bank said on Tuesday it has selected Jones Lang LaSalle and DTZ Zadelhoff to advise it on the sale of around 70 branch offices throughout the Netherlands in the wake of its merger with Fortis Bank. The sale process is scheduled to start in September, with valuation services ...
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PropertyEU Archive
Unibail-Rodamco gets conditional approval for Simon Ivanhoe acquisition
Unibail-Rodamco said on Tuesday it has received formal clearance by the Polish competition authorities of the Simon Ivanhoe acquisition on condition the company relinquishes its management of the Zlote Tarasy Shopping Centre in Warsaw.
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PropertyEU Archive
Pension funds show increased appetite for real estate: survey
European pension funds are displaying an increased appetite for alternative investments, including real estate, according to the results of the 2010 European Institutional Asset Management Survey (EIAMS) published by Invesco on Tuesday. The findings point to an altogether more positive sentiment among institutional investors in 2009 compared to the previous ...
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PropertyEU Archive
Neinver appoints new German country manager
Retail outlet centre specialist Neinver has named Sebastian Sommer as the new group country manager for Germany. Sommer is responsible for the development and expansion of the different areas of the company in the German market. Neinver says the appointment establishes the firm's commitment in Germany.
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PropertyEU Archive
L'Oreal partners with Colliers UFG
Colliers UFG PM, the French entity of Colliers International, has been selected to assist L'Oréal with the optimisation of its entire lease portfolio in Europe. The mission will be led by the Colliers Corporate Services Department based in Paris, which will benefit from the support of the various Colliers European ...
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PropertyEU Archive
Mall of Russia to open in early December
Listed Russian property developer AFI Development announced on Monday that its Mall of Russia retail centre in Moscow will open in the first week of December. The company said it expects approximately 70-75% of the development’s gross lettable area to be leased by the time of the opening.
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PropertyEU Archive
Strong international interest in ING REIM
The possible sale of ING Real Estate Investment Management (ING REIM) as part of a restructuring following ING Group’s EUR 10 bn state bailout has seen a string of heavyweight investors circle the Dutch asset manager, the biggest in the world with assets under management of some EUR 67 bn.
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PropertyEU Archive
European real estate investment reaches EUR 23.5b in Q2: CBRE
Investment in European commercial real estate amounted to EUR 23.5 bn in the second quarter of 2010, a 15% increase on the EUR 20.3 bn transacted in the first three months of 2010, according to the latest data from CB Richard Ellis. Investment turnover rose despite the stress factors emerging ...
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PropertyEU Archive
Deka sells St James House in London for EUR 54m
German fund manager Deka Immobilien said on Wednesday it has sold the St James House office property in London for around EUR 53.5 mln to UK insurer Standard Life. The closing of the transaction took place on 1 July. Deka acquired the property in March 2003 for around EUR 45.5 ...
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PropertyEU Archive
Union Investment sells office building in Seoul above book value
Hamburg-based fund manager Union Investment Real Estate has sold its 14-storey HI office building in Seoul to local investor Kochem Co for EUR 35.5 mln. The sale price is 36% higher than the original investment and approximately 30% above the most recent expert valuation.
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PropertyEU Archive
Shopping mall space in Bulgaria doubles: Colliers
The stock of contemporary shopping mall space in Bulgaria doubled in the first six months of 2010 with the opening of five new shopping malls, reaching 452,000 m[sup]2[/sup] in total, according to Colliers International’s retail market overview for the first half of 2010. At the same time, retailers are coming ...
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PropertyEU Archive
Frederic Le Fichoux to head C&W Hospitality in CEE
Frédéric Le Fichoux has been named new head of Cushman & Wakefield Hospitality for the CEE region. He replaces Stewart Coggans who has headed the hospitality team for the past three years. Le Fichoux' team is mainly engaged in valuation; development advisory; operator selection; and capital market activities throughout ...
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PropertyEU Archive
Law firm Salans hires team from Clifford Chance
Law firm Salans said it has hired Pawel Debowski and three other members from Clifford Chance's real estate team in Warsaw. The other three are: Piotr Szafarz, Maciej Ryniewicz and Tomasz Stasiak.
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PropertyEU Archive
European investors ready to take on more risk: survey
Conditions for real estate investment continued to stabilise in the first six months of the year, particularly in Germany but also in France and the UK, accordnig to Union Investment's latest investment climate survey. The survey was conducted by market research institute Ipsos and involved 185 decision-makers at property companies ...
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PropertyEU Archive
Prologis leases 45,000 m[sup]2[/sup] to Travis Perkins
Prologis European Properties said it has signed a 17-year lease agreement with Travis Perkins, a leading supplier to the UK's building and construction industry, for 490,000 square feet (45,520 m2) of distribution space at Brackmills DC1 in Northampton. The new lease will run from 1 November 2010.
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PropertyEU Archive
Returns of 8-10% feasible but difficult: Henderson
Real estate investment returns of 8-10% are achievable in the risk-averse aftermath of the financial crisis, but investors will need a deep understanding of their markets to be successful, according to Henderson Global Investors.
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PropertyEU Archive
Pramerica forms JV with Mubadala to invest in Abu Dhabi
Pramerica Real Estate Investors and Mubadala Development Company have agreed to form a new joint venture company that will raise capital from investors to invest in real estate projects in Abu Dhabi and other global markets.
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PropertyEU Archive
JLL announces promotions in Warsaw
Jones Lang LaSalle has announced a number of promotions at its Polish office effective from 1 July 2010. Ma³gorzata ¯ó³towska, Head of Valuations CEE has been promoted to Regional Director. Ma³gorzata has over 16 years experience in the Central & Eastern European real estate markets. Since joining Jones Lang LaSalle ...
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PropertyEU Archive
German funds drive investment surge in CEE: CBRE
Central and Eastern European (CEE) commercial real estate investment turnover reached EUR 1.7 bn in the first half of 2010, a 190% increase compared to activity levels recorded in H1 2009, according to the latest data from CB Richard Ellis (CBRE). On a quarterly basis, investment activity in the ...
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PropertyEU Archive
DTZ sees sharp increase in industrial take-up in Czech Republic
Property adviser DTZ has recorded a sharp increase in Q2 2010 leasing activity in the industrial market in the Czech Republic, with 221,600 m[sup]2[/sup] being transacted, the highest level in the past two years. This represents a 41% increase on the quarter and a 147% improvement compared to the same ...
