All Real Assets articles in Web Issue – Page 580
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PropertyEU Archive
Savills launches corporate finance team in Frankfurt
International property advisor Savills has announced the launch of a new corporate finance team in Frankfurt. The office begins operating today (1 October) 2010 through the transfer of existing director Christian Glock MRICS and associate director Dr Simon Kempf from its Berlin office.
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PropertyEU Archive
Kanam liquidates US-grundinvest fund
German fund manager Kanam said on Thursday it is winding up its US-grundinvest fund in response to demands from a majority of unit holders in Germany's only dollar-denominated open-ended fund. Fund holders will be reimbursed to the tune of $250 mln (EUR 184 mln) before the end of the year ...
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PropertyEU Archive
BBI, L&W launch EUR 126m project in Warsaw
Belgium's Liebrecht & Wood and Poland's BBI Development have announced the start of construction for a vast mixed-use complex at Warsaw's Unii Lubelskiej Square. The new Plac Unii project, representing a total investment of PLN 500 mln (EUR 126 mln), will consist of a 21-storey skyscraper and two six-storey buildings.
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PropertyEU Archive
Sol Melia buys London hotel for EUR 133m
Spanish hotel chain Sol Melia has confirmed the acquisition of a Norman Foster-designed hotel redevelopment in the financial and tourist heart of London for EUR 133 mln.
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PropertyEU Archive
Hines starts development of $160m retail outlet near Moscow
US private real estate developer and investor Hines has announced the start of construction for its $160 mln (EUR 117 mln) retail outlet Village Belaya Dacha project near Moscow.
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PropertyEU Archive
Catella upbeat after ‘disappointing’ 2009
Catella Property Group saw investment transaction volumes plunge 78% in 2009 to EUR 2.16 bn from EUR 10 bn the previous year. The decline - the second-biggest recorded by PropertyEU in its annual survey of Europe’s leading brokers - puts the Swedish group in eighth place this year compared ...
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PropertyEU Archive
Pirellli's Tecla fund sells two assets for EUR 22m
Tecla Fondo Uffici, a listed closed-end investment fund managed by Pirelli RE SGR, said that it has sold two office buildings in the Northern Italian cities of Bergamo and Milan for a total of EUR 22 mln. The transactions generate a gross capital gain of over EUR 3 mln for ...
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PropertyEU Archive
MSREF VII, Redos acquire 23 retail assets in Bavaria
Morgan Stanley Real Estate Fund VII Global (MSREF VII) and Redos Real Estate announced on Friday that they have jointly acquired a portfolio of 23 retail properties mostly in Bavaria from a group of private investors. Terms of the acquisition were not disclosed.
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PropertyEU Archive
L&S becomes a REIT, sells retail park for 40% premium
UK listed opportunistic fund London & Stamford converted to UK real estate investment trust (REIT) status on Friday and announced the sale of a retail park for £40 mln more than the firm paid for it 15 months ago.
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PropertyEU Archive
BNP Paribas RE buys AEW's property management business
BNP Paribas Real Estate has strengthened its international property management business through the acquisition of the property management subsidiaries of AEW in Central Europe (PBW Polska, PBW Hungary and PBW Czech Republic), cementing its European leadership and activity in Central Europe. Financial terms were not disclosed.
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PropertyEU Archive
Brokers back on hiring trail
Europe’s leading real estate advisers are back on the recruitment trail after seeing staff numbers drop by as much as 17% in 2009.
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PropertyEU Archive
EPRA chairman sees growth in bond lending
Corporate bond lending in the listed real estate will develop further in the coming years, according to Guillaume Poitrinal, chairman of the European Public Real Estate
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PropertyEU Archive
Sonae Sierra chief sets sights on Germany
Portuguese shopping centre specialist Sonae Sierra is actively scouring the German market for development and refurbishment opportunities, CEO Fernando Guedes de
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PropertyEU Archive
Valad renews TAP investment management contract
Valad Europe, the pan-European real estate investment manager, has announced that The Conygar Investment Company has renewed Valad's investment management contract for The Advantage Property Income Trust (TAP) for a further three years.
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PropertyEU Archive
Corestate opens office in London
Corestate”, a specialist private equity real estate investor focussed on Germany, has announced the opening of its first UK office at 21 Bruton Street, London, bringing the Group’s total European network of offices to four.
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PropertyEU Archive
Eurohypo finances Rockspring's mall portfolio deal
Eurohypo, Europe’s leading commercial real estate lender, has provided £68 mln (EUR 78 mln) in financing to Rockspring for the purchase of four regionally located shopping centres. The properties have been sold from Capital and Regional’s Mall Fund and are located in Gloucester, Southampton, Romford and Falkirk.
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PropertyEU Archive
PropertyEU live at EXPO REAL
PropertyEU's editorial team will be on the ground at the EXPO REAL international trade fair in Munich this week, interviewing industry leaders and covering the conference programme.
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PropertyEU Archive
Weaker H1 demand for Italian property funds: Assogestioni
The first six months of 2010 saw weaker investor demand for the Italian real estate funds, with total net inflows plunging by over 40% year-on-year to EUR 328 mln, according to the latest research released by the Italian association of real estate fund managers, Assogestione.
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PropertyEU Archive
Echo Investment buys EUR 17.7m plot in Warsaw
Polish property investor Echo Investment said on Monday that it had acquired a 34,000-m[sup]2[/sup] plot of land in central Warsaw from Polish investors BRJ Invest and BP Inwestycje for EUR17.7m. The land is currently undeveloped and Echo plans to build 50,000 m[sup]2[/sup] of lettable office and residential space. Work will ...
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PropertyEU Archive
Hypo RE offloads EUR173b of bad assets
Nationalised real estate lender Hypo Real Estate Group (HRE) has transferred troubled assets worth around EUR 173 bn to a government-guaranteed ‘bad bank’, FMS Wertmanagement, the German government’s federal bank rescue fund said on Monday.
