All Real Assets articles in Web Issue – Page 557
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PropertyEU Archive
Corporate occupiers focus on sustainability solutions: CoreNet
CoreNet Global's EMEA Summit in September is to focus on how corporate occupiers can creatively, profitably and effectively manage their existing portfolios as Europe continues to tackle the issue of sustained economic recovery.
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PropertyEU Archive
Union Investment launches knowledge portal on sustainable investment
Union Investment has launched a knowledge portal on sustainable real estate investment. The German real estate investment firm says that while green real estate investment has become a major issue for the property industry, sustainability remains a complex subject. The new web portal provides detailed information about green buildings as ...
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PropertyEU Archive
Valad appointed investment manager of EUR 480m Swedish portfolio
Sydney-listed Valad Property Group announced on Monday that its European business has been appointed by Kefren Properties as investment manager of its EUR 480 mln real estate portfolio in Sweden. Valad said the appointment won by Valad Europe is in line with the group's strategy of growing its real estate ...
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PropertyEU Archive
Hatfield Philips restructures EUR 72m German loan
Hatfield Philips, Europe's largest independent primary and special servicer, has announced the successful restructuring of the EUR 71.2 mln Berlin Dresden loan. The loan, which is secured on two office buildings in Berlin and Dresden, was transferred to Hatfield Philips earlier this year due to non-repayment at the maturity date. ...
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PropertyEU Archive
Tamar industrial fund sells Paris portfolio at 9% yield
Tamar European Industrial Fund has sold a portfolio of three light industrial buildings situated in the Paris region, to private investor PCVI Group for EUR 7.45 mln. The investment volume reflects a price that is close to the fund's latest March 2010 valuation.
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PropertyEU Archive
Savills Poland appoints head of retail agency
Property consultant Savills has appointed Malgorzata Fucik as the new head of its retail department in Poland. Fucik previously worked for Immochan, the real estate subsidiary of Grupo Auchan, and also co-operated with TK Development. She has 12 years real estate experience in the retail property sector and has been ...
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PropertyEU Archive
Henderson disposes of retail park in Belgium
The EUR 930 mln Henderson European Retail Property Fund (Herald ) has completed the sale of Hedera Retail Park in Roeselare, Belgium, to Retail Estates NV for EUR 10 mln. The asset, which comprises 7,174 m[sup]2[/sup] of retail space and whose biggest tenant is Decathlon, was sold for an ...
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PropertyEU Archive
Flemish commission moves into CBREI's Renaissance building
CB Richard Ellis Investors, the global real estate investment management firm, has signed a 21-year leasehold agreement with the Commission of the Flemish Community (VGC) for 5,848 m[sup]2[/sup] at the Renaissance office building in Brussels.
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PropertyEU Archive
Razvan Sin is DTZ Echinox's new head of retail department
DTZ Echinox announces the consolidation of the management team, by promoting Razvan Sin to head of the retail department. Sin joined DTZ at the beginning of 2007 and over the last three years, he has contributed to the development and coordination of DTZ's exclusive and non-exclusive commercial projects ...
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PropertyEU Archive
Real estate in emerging economies outperforms Western Europe: RICS
Austerity measures to reduce fiscal deficits adopted by eurozone countries and the UK are hitting property markets, according to the latest RICS Global Commercial Property Survey published on Monday.
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PropertyEU Archive
Irish investment in H1 reaches 2008 levels: Savills
The Irish investment market has seen a total transactional volume of EUR 130 mln in the first half of 2010, considerably higher than the EUR 85 mln recorded in the first six months of 2009. Savills predicts in a investment report that if the deals that are currently in negotiation ...
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PropertyEU Archive
Redefine Intl acquires 5 Holiday Inns for EUR 127m
AIM-listed Redefine International (RDF) has announced it has exchanged agreements with The Splendid Hotel Group for the acquisition of a portfolio of five Holiday Inn hotels located in London for a total of £106 mln (EUR 127 mln). Completion of the transaction is conditional on RDF securing satisfactory funding terms ...
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PropertyEU Archive
Corio agrees to pay EUR 176m for Anatolium mall
Retail property specialist Corio has announced that it has acquired Anatolium shopping centre in Turkey for EUR 176 mln, in line with Corio's last reported Net Theoretical Yield for Corio Türkiye.
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PropertyEU Archive
UK office market take-up slowed in mid-2010: King Sturge
UK office market take-up slowed in the second quarter of 2010 after an exceptionally strong start to the year but the underlying picture remains healthy, according to research by King Sturge. In the three months to June, occupiers took just 121,000 m[sup]2[/sup] of office space, less than half as much ...
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PropertyEU Archive
Klepierre, Axa to pay Euro Disney EUR 47m for mall plot
Paris-listed real estate firm Klépierre and French insurer Axa have jointly acquired the land under Val d'Europe Mall from Euro Disney for EUR 47 mln. Inaugurated in October 2000, the mall is co-owned by Klépierre (55%) and Axa (45%) and they had a long-term lease with Euro Disney for the ...
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PropertyEU Archive
Deutsche Pfandbriefbank extends EUR 600m facility for La Denfense tower
Deutsche Pfandbriefbank announced on Tuesday that it has renewed and extended the EUR 600 mln acquisition and development financing of the 'Tour First' tower in La Defense near Paris for Beacon Capital Partners. The financing facility was initially provided in June 2007 to finance the joint venture agreement between Beacon ...
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PropertyEU Archive
NIBC advises and finances acquisition of Strukton
Netherlands-based bank NIBC has announced that it arranged financing for the acquisition of Dutch infrastructure and urban development group Strukton by Dutch rail firm Nederlandse Spoorwegen and European consultancy-engineering firm Oranjewoud .
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PropertyEU Archive
Conwert appoints new executive director for finance
Vienna-listed property firm Conwert Immobilien Invest has appointed Thomas Doll as a new executive director. Doll will assume responsibility for
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PropertyEU Archive
Carpathian in due diligence on two Polish sales
AIM-listed real estate investor Carpathian has announced that it is exploring two potential sale transactions in Poland as part of its strategy to return value to shareholders in the medium term.
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PropertyEU Archive
LGP lets 13,000 m[sup]2[/sup] warehouse in Tamworth
Legal & General Property (LGP) has announced it has secured Norbert Dentressangle Logistics as a tenant at Centurion Park in Tamworth, UK. The major French transport and logistics company has taken Unit 2 at the park, which comprises 141,770 sq ft (13,000 m2) of accommodation, on a 10-year lease term. ...
