All Real Assets articles in Web Issue – Page 582
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PropertyEU Archive
‘Development lending set to resume in CEE’
Banks are starting to provide development debt again for logistics projects in Poland and the Czech Republic, according to Robert Dobrzycki, head of Central and Eastern Europe of Panattoni Europe. ‘Development lending is starting to come back, especially for non speculative projects, with a pre-leased ratio of 50-60%,’he told PropertyEU ...
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PropertyEU Archive
Poland ‘top of list’ for investors looking for deals in CEE
Investors who are testing the waters again in Central and Eastern Europe are looking at Poland first, Jaroslaw Wnuk, head of investment at King Sturge in Warsaw, said at EXPO REAL
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PropertyEU Archive
Stam Europe shops in Nanterre, plans fund close by year-end
French fund manager Stam Europe has acquired a 12,000 m[sup]2[/sup] office building in Nanterre in the first arrondissement of Paris from HSBC bank. The investment price amounted to EUR 45 mln. ‘We are going to restructure the vacant property and start the leasing activity. We think that this is an ...
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PropertyEU Archive
German office market faces yield compression - Savills
The German office property market is facing yield compression as the yield gap between prime and secondary office segments widens, property adviser Savills said on Monday. The average yield gap between prime and secondary European office property now stands at 100 basis points, comparable to levels recorded 10 years ago, ...
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PropertyEU Archive
Timing is critical, ICSC conference hears
Timing is everything - and the time to invest in countries which experienced the worst downturn is now for developers and investors seeking first mover advantage, according to Simina Istrate, of Colliers International and Jason Karr of Karr Consulting, at the International Council of Shopping Centers’ (ICSC) Romanian Retail Real ...
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PropertyEU Archive
Corio lays groundwork to grow in Germany
Shopping centre specialist Corio intends to grow its portfolio in the ‘stable’ German market but the process will take time, CEO Gerard Groener told PropertyEU at EXPO REAL in Munich. The Amsterdam-listed company has already received offers to add assets to its newly established platform there following the EUR 1.3 ...
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PropertyEU Archive
German property market sentiment up on economic recovery - King Sturge
The upturn in the German economy has boosted the sentiment in the country’s real estate industry, real estate consultancy King Sturge said on Monday. The poll-based Real Estate Climate of the monthly King Sturge Real Estate Economy Index rose by 5.1% to 126.3 index points in September, from 120.2 the ...
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PropertyEU Archive
Russia´s JSC Inteco sets sights on other European markets
Russian investor and developer JSC Inteco is setting its sights on growth outside its home market, vice president Oleg Soloshchansky told PropertyEU at EXPO REAL. In addition to developing housing in its home market - which is characterised by a chronic shortage of housing against a backdrop of out-of-date equipment ...
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PropertyEU Archive
Europrestim shops in Ile-de-France
Europrestim Management said it has completed EUR 30 mln worth of acquisitions in the Ile-de-France region on behalf of two managed investment firms. The French company has acquired two fully-let office and retail buildings in Paris from listed commercial property group Gecina for a total of EUR 18 mln.
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PropertyEU Archive
Invesco launches second pan-European hotel fund
Invesco Real Estate has announced the launch of a second pan-European hotel fund with an exclusivity agreement to purchase a EUR 168 mln seed portfolio. The seed portfolio has been secured by Invesco Real Estate’s specialist hotel team via its relationship with major international hotel operators, Simon Redman, head of ...
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PropertyEU Archive
International players pile into German spezialfonds market
The German fund industry is likely to become more fragmented as an increasing number of international players seek to provide spezialfonds structures for institutional investors, according to seasoned real estate professional Barbel Schomberg. The move comes as institutional investors are cooling on German open-ended funds(GOEFs).
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PropertyEU Archive
Multi launches new mixed-use project in Istanbul
Multi Development has announced that Marmara Forum, its second project in Istanbul, will open in early 2011. Marmara Forum consists of a shopping centre and garden office.
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PropertyEU Archive
WGF set to launch new KAG unit
German real estate and finance group WGF submitted a request on Monday to set up a new fund management KAG unit which will allow it to launch a wide range of special funds (spezialfonds) for institutional investors from next year. ‘We expect to get the approval from the German Federal ...
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PropertyEU Archive
European Industrial investment rises 80% in H1 - JLL
European industrial investment activity rose by 80% in the first half of 2010 from a market bottom 12 months ago, property adviser Jones Lang LaSalle said at EXPO REAL in Munich. Despite this significant increase, volumes are still below pre-credit crisis levels with recovery in the industrial investment market still ...
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PropertyEU Archive
Bovis, Neue Bruennen, Hochtief win 2010 Prime Property Awards
Bovis Lend Lease, Neue Bruennen and Hochtief Projektentwicklung were each awarded prizes for outstanding European building at the 2010 Prime Property Awards ceremony at the EXPO REAL property trade fair in Munich. Organised by Union Investment, the award recognises real estate projects in Europe that combine commercial success with ecological ...
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PropertyEU Archive
CBRE: turning point in 2011 for Italian market
A number of large-ticket deals are expected to lift Italy’s commercial real estate investment volumes to around EUR 5 bn by the end of the year, Paolo Bellacosa, head of CBRE’s Italian capital markets team told PropertyEU in an interview during the EXPO REAL fair in Munich.
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PropertyEU Archive
Alstria Office REIT plans EUR 220m acquisition spree
Germany’s Alstria Office REIT is planning to spend up to EUR 220 mln on the acquisition of office properties in its home market in the coming few months. In an interview with PropertyEU during the EXPO REAL fair, CEO Olivier Elamine said that the company will use the EUR 50 ...
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PropertyEU Archive
Slowdown in European investment activity in Q3 - CBRE
European commercial real estate investment activity slowed slightly in the third quarter of 2010 as the total value of transactions fell to EUR 23.1 bn, down from EUR 24.6 bn in the second quarter of the year, according to new figures released today by property broker CB Richard Ellis. The ...
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PropertyEU Archive
CBRE sees EUR 35b European funding gap
The UK and Continental European markets are still suffering from a lack of funding for non-core assets, with a funding gap estimated to amount to EUR 35 bn this year, Natale Giostra, head of CBRE's UK & EMEA Debt Advisory team, said during EXPO REAL in Munich. ‘Bridging the funding ...
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PropertyEU Archive
SWIP, C&WI unveil EUR 500m pan-European retail fund
Scottish Widows Investment Partnership (SWIP) is teaming up with Cushman & Wakefield Investors to launch a new pan-European retail fund which is expected to have a spending power of EUR 500mln and will target city centre retail assets. ‘We are in the process of raising equity for a new fund ...
