All Real Assets articles in Web Issue – Page 588
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PropertyEU Archive
Invista: no firm offers yet for asset sell-off
Invista Real Estate Investment Management has no definitive offers yet for its assets as it prepares to wind up its business. 'The company would like to make clear that no definitive proposals have yet been received for any of Invista's assets and there is currently no certainty as to the ...
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PropertyEU Archive
Eur SpA seeks buyer for hotel project in Rome's business district
Eur SpA, the publicly-held company managing the development of Rome's Eur business district, has announced plans to sell a hotel project currently under development in the Italian capital's new congress centre.
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PropertyEU Archive
MPC buys Siemens property for new German fund
Hamburg-based MPC Capital has acquired an office and technology centre leased to Siemens for its newly launched MPC Deutschland 8 fund. Located in Erlangen, the energy-efficient property is occupied by Siemens' energy, industry and healthcare units on a 12-year rental agreement and an option to extend by a further five ...
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PropertyEU Archive
Lucie Vesela joins Colliers' Czech office
Lucie Vesela is joining Colliers International from Czech governmental agency CzechInvest. As a project manager at the agency, she was responsible for aftercare support for international IT and shared services companies. During almost 2 years, she worked for recognized clients such as IBM, InBev, Johnson & Johnson, Siemens Business Services, ...
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PropertyEU Archive
Ian Coull to retire from Segro next year
Segro, Europe's leading provider of flexible business space, announced on Friday that CEO Ian Coull will retire from the business during the course of 2011, when a successor has been appointed.
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PropertyEU Archive
Tristan to launch new Curzon fund, recruits veteran team
European real estate investment manager Tristan Capital Partners is planning to raise EUR 500 mln early next year for its new fund Curzon Capital Partners III, CEO Ric Lewis told PropertyEU. 'The new fund will focus on core-plus properties in the UK and the Continent and all sectors including office, ...
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PropertyEU Archive
SRV to develop new HQ for Siemens Finland
Finnish construction group SRV is joining forces with investor Sato and pension fund Ilmarinen to redevelop the Perkkaa suburb of Espoo after acquiring the site and head office of Siemens' Finnish arm for an undisclosed amount. The Kiinteistö Oy Perkkaantalo joint venture company plans to develop a new green neighborhood ...
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PropertyEU Archive
First Property makes first purchase for Polish opp fund
AIM-listed property fund management group First Property said that its newly launched opportunity fund has made its first property acquisition with the purchase of a Carrefour hypermarket in Lodz, Poland for EUR 20 mln. The asset is leased with a term of 11 years and is forecast to earn a ...
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PropertyEU Archive
Pardoe to be next MD of Goodman UK logistics
Goodman Group has announced that Graham Pardoe is to be the next managing director of Goodman Group's UK logistics unit when Jason Dalby steps down on 1 January next year. Dalby will continue to work with Goodman on an advisory basis, sitting on several joint venture boards and will remain ...
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PropertyEU Archive
Peach Property prepares IPO
Swiss luxury property developer Peach Property Group plans to list its shares on the Main Standard of the Swiss stock exchange in the coming weeks as it seeks to raise funds for new development projects. In a statement on Wednesday, the company said that the operation will enable 'future growth ...
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PropertyEU Archive
Galeria Victoria draws almost 110,000 on opening weekend
Some 109,400 people visited Galeria Victoria on its opening weekend in the south-western Polish city of Walbrzych, according to data gathered my retail footfall measuring service Viametrics.
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PropertyEU Archive
Imo Pan fund to invest EUR 100m in Algarve mall
Portuguese real estate firm Imorendimento has announced that one of its funds is investing EUR 100 mln in the development of a new retail project for locals and tourists in the Algarve region of the country. The Summerville Shopping Parque scheme will comprise a modern 43,800-m[sup]2[/sup] shopping centre, office space, ...
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PropertyEU Archive
Pramerica creates EUR 100m jv with Panattoni
Pramerica Real Estate Investors has created a new joint venture with Panattoni Europe to develop a portfolio of up to EUR 100 mln of Class A logistics warehouses in Poland, Czech Republic and Slovakia.
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PropertyEU Archive
Zarlink sells Stockholm campus for EUR 12m
A private investor, represented by international real estate advisor Savills, has purchased Jarfalla Campus in the Stockholm suburb of Jarfalla from Canadian listed company Zarlink Semiconductor. The price paid was SEK 110 mln (EUR 12 mln).
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PropertyEU Archive
CEE deal volumes hit two-year high in Q3: CBRE
Central and Eastern European (CEE) investment turnover reached over EUR 1.5 bn in the third quarter (Q3) of 2010, marking an increase of nearly 60% on Q2 2010 figures, according to the latest data by CB Richard Ellis (CBRE).
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PropertyEU Archive
Henderson acquires Glasgow mixed-use site for EUR 42m
Henderson Global Investors has acquired a 4,050-m[sup]2[/sup] mixed-use site in Glasgow for £36.4 mln (EUR 41.4 mln), representing a net initial yield of 5.4%. HGI carried out the transaction on behalf of its RZVK-Immo-Fonds, for its German joint venture Warburg - Henderson.
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PropertyEU Archive
Sustainability climbs agenda of European corporates: C&W
Sustainability is climbing up the business agenda, a survey of board directors in charge of location for the 500 largest companies in Europe carried out by property adviser Cushman & Wakefield reveals. More than two-thirds (69%) of companies consider sustainability to be either important, very important or fundamental issues for ...
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PropertyEU Archive
Laurent Vouin to head AXA RE opportunity funds
AXA Real Estate has announced the appointment of Laurent Vouin as head of opportunistic funds. AXA RE is the largest real estate manager in Europe and second globally with assets under management of EUR 39.5 bn.
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PropertyEU Archive
Blackrock changes name to Balmoral International Land
Irish real estate company Blackrock International Land has obtained the approval of the Registrar of Companies in Ireland to change its name to Balmoral International Land. This follows the passing of resolutions relating to the name change which were proposed to shareholders at the company's extraordinary general meeting held on ...
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PropertyEU Archive
Outlet centres face growing competition from e-commerce
Tenant demand for outlet development in new markets continues to grow as designer outlet sales hold strong, but this asset class has serious competition from clicks as brands move to liquidate some of their stock on-line.
