All Real Assets articles in Web Issue – Page 569
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PropertyEU Archive
Rush to expand C&W retail asset management in UK
Cushman & Wakefield has appointed Anne Rush as Partner in its expanding retail asset management team. Her role will be focused on the strategic development of the firm's asset management service line across the UK.
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PropertyEU Archive
Borletti Group's bid for Karstadt fails
Italian firm Borletti Group, the owner of Italy's La Rinascente and France's Printemps department stores, has failed in its attempt to acquire insolvent German retailer Karstadt.
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PropertyEU Archive
ING Group keeps real estate finance unit on board
ING Group remains committed to its dedicated property finance unit, Rudolf Molkenboer, global head of ING Real Estate Finance said in an interview with PropertyEU Magazine. 'In January 2010, we took the decision to start integrating ING REF into ING Bank. We want to bring it more into the banking ...
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PropertyEU Archive
Investors eye SIIC stake sell-offs in France
Investors are poised to pounce on more than EUR 550 mln in sales of shares in five French real estate investment trusts, known as SIICs. Majority owners in five SIICS are obliged to sell shares before the end of the year to avoid the companies' losing their tax-transparent status.
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PropertyEU Archive
Italy's CDS to develop 45,000 m[sup]2[/sup] Salerno mall
Italian retail specialist CDS said on Thursday that it has started construction of Le Cotoniere shopping centre near Salerno, Southern Italy. The centre, with a development value of EUR 85 mln, is being financed by Unicredit.
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PropertyEU Archive
APG boosts allocation to real estate
APG, the asset management vehicle of Dutch pension fund giant APG, plans to boost its allocation to real estate from 8% to 9% over the next three years. Based on a portfolio of over EUR 20 bn, that translates into an investment of some EUR 2-2.5 bn.
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PropertyEU Archive
Catella establishes Amplion in Sweden
Catella's asset management division Amplion has established a new business unit in Sweden. Amplion has teamed up with three experienced real estate professionals Greger Hedlund, Magnus Edlund and Örjan Johansson, who will become partners in the new company.
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PropertyEU Archive
Eight firms win gold in Epra annual report survey
Major UK companies dominate this year's edition of the European Public Real Estate (Epra) awards with British Land, Land Securities, Hammerson, Segro and Great Portland Estates all winning gold awards. The other gold winners were Finland's Citycon and Netherlands-listed funds Vastned Office/Industrial and Vastned Retail.
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PropertyEU Archive
ING REIM appoints Bruno Cohen as CIO France
ING Real Estate Investment Management (ING REIM) has appointed Bruno Cohen as chief investment officer (CIO) France. From its Paris office manheaded by Silvio Estienne, ING REIM France manages a portfolio of real estate assets in the retail, offices, residential and logistic sectors with a total value of approximately EUR ...
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PropertyEU Archive
Germany will become major source of property IPOs: Epra
Germany is likely to be a 'future major source' of real estate IPOs, the European Public Real Estate Association's annual conference in Amsterdam heard on Thursday.
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PropertyEU Archive
European listed firms 'reactive' in capital budget decisions
Many European real estate listed property companies appear to be more reactive than strategic in their major capital budget decisions when acquiring investment properties and undertaking development projects, the annual conference of the European Public Real Estate Association (EPRA) has heard.
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PropertyEU Archive
Epra pushes for common sustainability reporting standards
The European Public Real Estate Association (Epra) has launched a new drive to establish common standards in sustainability reporting for listed real estate companies across Europe.
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PropertyEU Archive
European listed property returns 0.4% in August: GPR
European listed real estate shares, as represented by the GPR 250 Europe Index, delivered a modest return of 0.4% in August. On a country-by-country basis, Greece, represented in the index by Babis Vovos, was the strongest performer (14.3%). Switzerland was in second place with 6%.
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PropertyEU Archive
Hypo Real Invest acquires Prague office for EUR 15m
Czech real estate firm Immorent CR has sold its office project, Avenir Building E, in Prague to a fund managed by Austria's Hypo Real Invest for EUR 15 mln. This is Hypo Real Invest's third investment in in the Czech Republic so this year.
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PropertyEU Archive
Rockspring buys 21 Eroski supermarkets for EUR 45m
Spanish retail group Eroski has sold a further 21 supermarkets as part of its ongoing sale-and-lease back programme. Rockspring, advised by Savills, acquired the 21 assets for EUR 45 mln.
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PropertyEU Archive
SWIP swoops on retail park for EUR 58m
Scottish Widows Investment Partnership (SWIP) has purchased a retail park in Northern Ireland for £48 mln (EUR 58 mln). The Longwood Road Retail Park, Newtownabbey was sold by local developer Corbo Properties in its third deal in recent months.
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PropertyEU Archive
Threadneedle acquires Hull retail park at 6.98% yield
Capital & Regional, the co-investing property asset manager, announced that the Junction Fund has completed the sale of St Andrews Quay Retail Park, in the UK city of Hull, to Threadneedle Strategic Property Fund.
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PropertyEU Archive
Dutch investor universe looks abroad
Dutch investors lead the field in terms of non-listed investment n Europe, according to a survey by the European Association for investors in non-listed real estate funds (Inrev).
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PropertyEU Archive
Fabege lets premises in Kungsholmen to Education agency
Swedish listed real estate firm Fabege has annouced that the Swedish national agency for education has signed a six-year lease for 9,000 m[sup]2[/sup] of office space in the property Klamparen 10, formerly Tingsrätten (the City Court), in Kungsholmen, Stockholm.
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PropertyEU Archive
Berggruen seals Karstadt takeover
The sale of Germany's insolvent department-store chain Karstadt to billionaire investor Nicolas Berggruen was finally approved last Friday, after several months of protracted wrangling over lower rents and debt restructuring.
