All Real Assets articles in Web Issue – Page 556
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PropertyEU Archive
Investor interest in sustainable buildings remains high: survey
Sustainable buildings are likely to account for a much higher proportion of professional European investment portfolios in the medium term as investors increasingly recognise that sustainability makes financial sense. Besides developing new green buildings, refurbishing existing buildings with a strong focus on sustainability is an emerging trend. These are among ...
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PropertyEU Archive
Prologis to develop three distribution facilities in Europe
Logistics space provider Prologis said on Tuesday it has signed agreements to develop three logistics facilities in Europe totalling around 36,100 m[sup]2[/sup].
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PropertyEU Archive
Unibail-Rodamco returns to profit, proposes EUR 20 per share payout
Unibail-Rodamco, Europe’s leading listed property investor and developer, reported a net profit of EUR 1.11 bn in the first half of 2010, compared with a loss of EUR 1.32 bn in the year-earlier period. The improvement reflects an increase in asset values, which grew by EUR 1 bn, or 4.7% ...
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PropertyEU Archive
Tritax sells 8 office buildings in Birmingham for EUR 224m
Independent property specialist Tritax has sold eight office buildings at Brindley Place in Birmingham to Moorfield and Hines for £190 mln (EUR 224 mln). The eight buildings form the remainder of the original Birmingham Brindleyplace Fund, which was raised in 2003 and acquired 11 properties in Birmingham let to tenants ...
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PropertyEU Archive
Alstria Office secures EUR 630m loan with five banks
Hamburg-based Alstria Office REIT has secured a new EUR 630 mln loan with five banks, allowing for the full refinancing of the previous syndicated loan, which was due to mature at the end of November 2011. The new loan was arranged solely by UniCredit Bank and underwritten by Berlin-Hannoversche Hypothekenbank, ...
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PropertyEU Archive
Union Investment buys shopping centre in Limoges for EUR 99m
Union Investment has acquired the Saint Martial shopping centre in Limoges from Unibail-Rodamco for EUR 99 mln, marking the German fund manager's entry into the French shopping centre market. The property, which comprises around 15,000 m2, has been added to the UniImmo: Europa open-ended fund, which now has nearly 30% ...
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PropertyEU Archive
Ireland's NAMA completes transfer of second batch of property loans
The National Asset Management Agency (NAMA), set up by the Irish government in late 2009 to relieve Irish banks of bad property development loans, said it has completed the transfer of the second tranche of loans from Allied Irish Banks, Bank of Ireland, Irish Nationwide Building Society and EBS.
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PropertyEU Archive
Strong interest in prime French retail set to continue: Savills
The strong increase in French retail investment witnessed in the first six months of 2010 is set to continue in the second half, according to property adviser Savills, whose latest French retail bulletin reports that H1 investment volume reached EUR 2.1 bn compared to EUR 529 mln a year earlier.
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PropertyEU Archive
E-tailing fails to sideline high-street stores
E-commerce is reshaping the retail industry but for the time being, there doesn’t seem to be any danger of online shopping wiping out high street retail, according to Yvonne Court, a partner in C&W’s cross border retail team in London. 'Some products - such as books, DVDs and music - ...
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PropertyEU Archive
PEPR cuts full-year earnings forecast following H1 decline
ProLogis European Properties (PEPR), one of Europe’s largest owners of modern distribution facilities, said on Thursday it has lowered its EPRA earnings and distributable cash flow guidance for 2010 to between EUR 0.40 and EUR 0.44 per ordinary unit from between EUR 0.45 and EUR 0.50 due to the slowdown ...
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PropertyEU Archive
Development Securities unveils EUR 119m rights issue
UK property firm Development Securities said on Thursday it had launched a £100.2 mln (EUR 119 mln) rights issue to raise proceeds for capitalising on new opportunities in the property development cycle. The placement comes amid a dearth of available bank financing and will enhance the company's investment portfolio where ...
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PropertyEU Archive
Crispin Gandy joins Investec Property's UK acquisition team
Investec Property Investments, a division of specialist bank and asset manager Investec, has appointed Crispin Gandy to its UK acquisition team. He will be responsible for sourcing property acquisitions in the UK and Ireland and will play an important role in growing Investec Property’s footprint in these markets.
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PropertyEU Archive
Commerz Real appoints new management board member
Frank Henes (46) has been appointed to the Management Board of Commerz Real, assuming responsibility for Risk Management and Information Technology. He succeeds Roland Potthast (48), who leaves the company after a career of more than 20 years with Commerzbank Group.
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PropertyEU Archive
Technological change will drive improvements in retail sector: JLL
The pace of technological change will drive consumer demands for improvements in the retail sector, according to part six of Jones Lang LaSalle's Retail 2020 report which examines the rapidly changing global retail landscape over the next 10 years.
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PropertyEU Archive
Tenant default poses threat to property income returns: Invista
European property markets have delivered attractive income returns over the past two years despite the economic crisis, but the risk from tenant default for future returns should not be underestimated, Invista Real Estate Investment Management warns in its latest research report.
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PropertyEU Archive
LGP launches occupiers' guide to sustainability
Legal & General Property (LGP) has produced an Office Occupiers' Guide to sustainable property through which it aims to arm its office tenants with the necessary understanding of the environmental impact of property, and a toolkit to implement change.
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PropertyEU Archive
Hypo keeps its cool after failing stress test
German property lender Hypo Real Estate (HRE) has said that its failure to pass the pan-European stress test designed to determine banks' financial health has 'limited relevance' for the group as the finding does not reflect steps being taken to strengthen its balance sheet.
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PropertyEU Archive
Private equity specialist joins Land Secs non-executive board
Land Securities has announced that Simon Palley (52) will join the board as a non-executive director on I August 2010. Palley has a long track record in investment banking, consulting and private equity. He started his career at Chase Manhattan before moving to Bain & Company.
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PropertyEU Archive
Luxury fashion brand drive global retailer expansion: CBRE
Luxury goods retailers have emerged as the most active and expansive retail sector, responsible for over 23% of new store openings during the past year, according to the new edition of How Global is the Business of Retail? by CB Richard Ellis (CBRE).
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PropertyEU Archive
Henderson sells Vienna office building
Henderson Global Investors announced that it has completed the sale of Am Modenapark 1-2, an office building in Vienna, on behalf of its German joint venture with M.M. Warburg, the Warburg-Henderson KAG.
