All Real Assets articles in Web Issue – Page 558
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PropertyEU Archive
CBRE, JLL see earnings rebound in Q2
The two largest global commercial real estate advisory firms have reported a strong bounce back to profitability in the second quarter of this year, thanks to the combined effect of cost-cutting and higher earnings driven by a pick up in market activity.
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PropertyEU Archive
Realty Lab advises AXA fund on Milan property disposal
Realty Lab, the Milan-based real estate brokerage partnership between Roberto Nicosia and Alessandro Manetti, has advised AXA Real Estate's European Office Income Venture (EOIV) fund on the disposal of an office block in Milan, for EUR 45.5 mln.
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PropertyEU Archive
AFI Dev. extends Mall of Russia facility
AFI Development, a real estate company focused on developing property in Russia and the CIS, has announced that it has reached an agreement with VTB Bank on the extension of the Mall of Russia credit facility agreement between the company and VTB Bank.
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PropertyEU Archive
UPDATE: Time running out for Karstadt agreement
Time is running out for rental values at insolvent German retailer Karstadt to be agreed, with lender Valovis and new owner Berggruen Holdings digging in their heels.
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PropertyEU Archive
European investors becoming more hesitant: JLL
Global real estate markets are experiencing a continued upswing with regional patterns emerging but an investor-led bounce in Europe during the first half of 2010 has not yet filtered through to market fundamentals, according to Jones Lang LaSalle's July-August issue of the Global Market Perspective.
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PropertyEU Archive
LSH to market major Nottinghamshire business park
UK commercial property consultancy Lambert Smith Hampton (LSH) has been instructed to sell one of north Nottinghamshire's biggest business parks. Harworth Estates, the property arm of UK Coal Mining Limited, has instructed the firm to find a buyer for Bilsthorpe Business Park, which is home to Nottinghamshire County Council and ...
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PropertyEU Archive
Europa Fund II completes sale of Hofgarten Palais
Europa Capital, the general partner of Europa Fund II, has completed the sale of Hofgarten Palais in Düsseldorf to Union Investment Real Estate. The parties signed initial agreements in May.
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PropertyEU Archive
Conwert gets green light for ECO takeover
Vienna-listed residential property firm Conwert Immobilien Invest has been granted approval for the planned takeover of Austrian peer ECO Business-Immobilien by the antitrust authorities in Austria and Germany. Conwert said that if other conditions are met by the end of the acceptance period on 30 July, the transaction can expected ...
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PropertyEU Archive
Sonae Sierra signs leasing service deal in Greece
Sonae Sierra, the shopping centre specialist, has closed a leasing services agreement with Pradera for Village shopping & more, a shopping centre which opened in Attica, Greece in December 1999. The centre was renovated in November 2008.
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PropertyEU Archive
INREV updates due diligence questionnaire
Major institutional investors have put their weight behind the updated due diligence questionnaire launched by the European Association of Investors in Non-Listed Real Estate Vehicles (INREV). PGGM, APG, Gothaer Asset Management AG, Generali Deutschland Immobilien GmbH and Allianz are among INREV investor members who have pledged to continue to use ...
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PropertyEU Archive
Internos leases 12,000m[sup]2[/sup] space in the Netherlands
Internos Real Investors said that it has leased 12,000 m[sup]2[/sup] of logistic space at Ridderhaven Industrial Estate on behalf of the HBI fund to Boon Sliedrecht for a 10-year term. The MCD supermarket supplier has increased the amount of space it occupies at the site by 5,000 m[sup]2[/sup].
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PropertyEU Archive
Unibail-Rodamco to return EUR 1.8 bn to shareholders
Unibail-Rodamco has unveiled a EUR 1.8 bn payout to its shareholders. Announcing its results for the first six months of 2010, the largest listed real estate firm in Europe said a general meeting will be held in September to vote on a capital reimbursement of EUR 20 per share, distributable ...
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PropertyEU Archive
EMEA investment to accelerate in H2: JLL Hotels
The first half of 2010 has demonstrated that the EMEA hotel investment market is starting to pick up, with growth expected to accelerate even more in the second half of the year, according to Jones Lang LaSalle Hotels.
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PropertyEU Archive
Writedowns drag Pirelli RE to EUR 21m net loss
Pirelli Real Estate booked a net loss of just under EUR 21 mln for the first six months of this year larger due to property writedowns. The Italian firm said the writedowns came to EUR 18 mln.
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PropertyEU Archive
ICSC calls investors and retailers to account in Bratislava
European property chiefs will be in Bratislava on 22 September when the Czech Republic and Slovak National Committees of The International Council of Shopping Centres (ICSC) host a retail real estate conference at the Crowne Plaza Hotel on investment strategies and the future of the region's retail real estate.
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PropertyEU Archive
Invesco broadens European platform with new appointments
Invesco Real Estate (IRE), has announced a raft of new appointments across its European business. The appointments by the global cross-border property investment manager cover fund management, asset management, transactions, research and fund accounting, including a director to oversee its fund operations in its newly opened Luxembourg office.
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PropertyEU Archive
Christie + Co markets London boutique hotel
Christie + Co is marketing the freehold of the Four Seasons Hotel near Baker Street, London, on behalf of a private client. Offers in the region of £9 mln (almost EUR 11 mln) are being sought.
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PropertyEU Archive
No respite for Irish markets as rental fall steepens: IPD
Accelerated rental falls in Irish commercial property has stifled the market's recovery, driving steeper capital depreciation over the three months to the end of June, at -3.5%, according to the SCS/ IPD Ireland Quarterly Property Index.
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PropertyEU Archive
UK mall yield get boost in Q2: C&W
Shopping centre stock has been relatively limited in the second quarter of 2010, with yields for prime assets improving to 5.5% over the quarter. Yields for smaller and more secondary assets have remained relatively static with vacancy rates and falling rents continuing to suppress value, according to property consultant Cushman ...
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PropertyEU Archive
RREEF consortium acquires second BBVA portfolio for EUR 364m
A consortium of Deutsche Bank's RREEF Europe, Area Property Partners and Europa Capital has announced that it has completed the EUR 364 mln acquisition of a second portfolio of Spanish property assets owned by Banco Bilbao Vizcaya Argentaria (BBVA). The investment volume reflects an initial yield of 6.5%.
