All Real Assets articles in Web Issue – Page 563
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PropertyEU Archive
Vacancy rates drop in Moscow: JLL
Vacancy rates in Moscow’s office sector dropped to 15% in the second quarter, according to a report by Jones Lang LaSalle. Buoyed by demand for quality office space, the decrease marks a significant fall from the 19.6% recorded at end-2009 and suggests a general trend towards lower vacancy and market ...
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PropertyEU Archive
UK market rises 15.4% year-on-year: IPD
The UK commercial property market has completed a full year of capital growth, with markets rising by 15.4% since last August, according to July’s IPD UK Monthly Index.
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PropertyEU Archive
Atrium seeks damages from Meinl
Atrium European Real Estate is suing Austria’s Meinl Bank, the bank’s supervisory board chairman Julius Meinl V, its chief executive, and former managers of Atrium for more than EUR 2bn in damages, the company announced in a press release.
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PropertyEU Archive
CEE undergoes uneven retail market recovery: CBRE
Retail investment activity in Central and Eastern Europe (CEE) totalled around EUR 630 mln in the first half (H1) of 2010, a 190% increase compared to the same period last year. CEE retail investment activity remained focussed on Central Europe in H1 2010, with Hungary, Poland, Romania and Russia accounting ...
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PropertyEU Archive
Court gives Karstadt investor more time to finalize takeover
Judges in Essen have extended the deadline for Nicolas Berggruen to finalize the takeover of the insolvent Karstadt department store chain until 3 September, due to ongoing negotiations with creditors. It is the third extension Berggruen Holdings has received.
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PropertyEU Archive
C&W team reaches summit of Kilimanjaro
A team of 13 Cushman & Wakefield (C&W) staff representing eight different countries where C&W operates, has succeeded in reaching the summit of Kilimanjaro, Africa in support of Schools Around The World. SATW is the firm's registered charity which helps young people whose opportunities are limited by their domestic, social ...
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PropertyEU Archive
Local investors shore up Czech market: DTZ
Investment volume in the Czech Republic increased by 233% in the first half of this year to EUR 215 mln from the same period last year, according to a report by adviser DTZ. Despite the strong growth, DTZ zaid activity was still sluggish in comparison with the period between 2005 ...
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PropertyEU Archive
GTC seals refinancing deal in Romania (RO)
GTC Romania, a subsidiary of Globe Trade Centre S.A. (GTC), has finalized a EUR 80 mln refinancing loan agreement with a consortium of banks including Alpha Bank Group, Bank of Cyprus and Eurobank EFG Group. The refinancing was on behalf of City Gate, GTC´s office project in Bucharest.
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PropertyEU Archive
Demand rises in Dutch office market, says Savills
The Dutch office markets of Amsterdam, Rotterdam and Utrecht saw significant demand in H1 2010 with take-up rising 94% in Rotterdam to 89,000 m2, compared to the first half of 2009, Savills reported. The figure represents the highest increase recorded amongst the four largest Dutch agglomerations.
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PropertyEU Archive
LaSalle to target German-speaking investors
LaSalle Investment Management has announced plans to launch a German regulated investment company or KAG in a bid to gain wider appeal among German, Austrian and Swiss real estate investors.
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PropertyEU Archive
IVG swings back to profit in H1 2010
Bonn-based IVG Immobilien swung back to profit in the first half of 2010 with operational results boosted by proceeds from project sales in the development segment. IVG, Germany's largest listed real estate company, said it booked a net profit of EUR 28 mln in the first six months of 2010, ...
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PropertyEU Archive
Cap & Reg closes sale of UK malls for £136m
Co-investing property asset manager Capital & Regional announced on Monday that the Mall fund has completed the sale of four shopping centres to clients of Rockspring Property Investment Managers at a price of £136 mln (EUR 165 mln), reflecting a net initial yield of 7.5%. The assets were sold at ...
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PropertyEU Archive
OVG sells Triton building to Allianz for EUR 200m
Dutch real estate developer OVG said on Monday that it has sold the Triton office building in Frankfurt to Germany's Allianz Real Estate for around EUR 200 mln. OVG brokered the transaction on behalf of IVG Institutional Funds.
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PropertyEU Archive
PEPR receives new EUR 50m loan
ProLogis European Properties (PEPR), a leading European owner of modern distribution facilities, has finalised a new EUR 50 mln, three-year, unsecured revolving credit facility jointly arranged by Deutsche Bank, Morgan Stanley Senior Funding and the Royal Bank of Scotland.
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PropertyEU Archive
Immofinanz to get 55 million shares in settlement with Constantia
Austrian real estate group Immofinanz will receive 55 million of its own shares under revised terms of a previously-agreed settlement with its former affiliate Constantia Packaging regarding the restructuring of a EUR 512 mln bond.
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PropertyEU Archive
Hypo RE to move toxic assets into bad bank by year-end
Nationalised German lender Hypo Real Estate said last week that it hopes to complete the planned move of around EUR 210 bn of toxic assets into a 'bad bank' during the fourth quarter of the year. In a statement announcing its Q2 financial results, the Munich-based bank also said that ...
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PropertyEU Archive
Tishman Speyer sells mixed-use building in Stuttgart
US developer and investor Tishman Speyer has sold an office building in central Stuttgart, Southern Germany to Hamburgische Immobilien Handlung (HIH) for a price ranging between EUR 65 - 68 mln. HIH brokered the deal on behalf of a special fund of Warburg - Henderson KAG.
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PropertyEU Archive
Credit Suisse extends freeze on Euroreal open-ended fund
Credit Suisse Asset Management said it is extending the suspension of withdrawals from its EUR 6.2 bn CS Euroreal open-ended investment fund 'to protect the interests of its long-term investors'. The suspension redemption will be initially prolonged 'for a further period of up to nine months', it added.
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PropertyEU Archive
European retail property investment up 15% in H1: CBRE
European retail real estate investment turnover amounted to EUR 15.7 bn in the first six months of 2010, a 15% increase on the EUR 13.6 bn reported in H2 2009, according to the latest research from CB Richard Ellis (CBRE).
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PropertyEU Archive
Many UK markets over-priced according to DTZ's new index
Top-ranked London City offices and West End retail are two of just three hot markets in the UK, according to a new index launched by real estate adviser DTZ on Tuesday. But many UK commercial property markets are over-priced, the adviser warned. In Europe, Paris CBD offices rate as warm, ...
