All Real Assets articles in Web Issue – Page 591
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PropertyEU Archive
Helical, Thameling team up on CEE logistics venture
London-listed Helical Bar and Thameling Group have announced the creation of a joint venture to develop pre-let warehouse and distribution properties in Central Europe. The joint venture will focus on strategic sites in Poland, the Czech Republic and Slovakia.
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PropertyEU Archive
Sveafastigheter holds second closing for new Nordic fund
Nordic real estate private equity house Sveafastigheter has carried out a second closing for its new fund, Sveafastigheter Fund III. Including previous commitments, the fund now has received funds totalling over EUR 120 mln.
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PropertyEU Archive
Industrial vacancy drops in Czech Republic: DTZ
The vacancy rate in logistics and industrial Grade A properties in the Czech Republic has decreased sharply in Q3 2010, according to new research from DTZ. After totalling more than 18% in Q3 last year, vacancy rates have since dropped to sub 12% in Q3 2010. This brings the total ...
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PropertyEU Archive
Meyer Bergman buys Burlington Arcade for EUR 117m with Thor Equities
Real estate investment manager Meyer Bergman and US property investor Thor Equities have acquired Burlington Arcade in London's West End, for £104 mln (EUR 117 mln). The acquisition has been made through what is initially an 80/20 joint venture, but which provides Thor with an option to increase its stake ...
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PropertyEU Archive
Inflation could boost income returns from late 2011: Invista
Property markets in Continental Europe will benefit from an increase in inflation rates, which could materialise in 2011 despite weak economic growth, according to the latest European Market Perspective research report produced by Invista Real Estate Investment Management.
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PropertyEU Archive
Invesco invests EUR 225m in Netherlands and Paris
Property investment manager Invesco Real Estate confirmed it has purchased the Entre Deux shopping centre in Maastricht, the Netherlands, for EUR 91 mln from ASR Vastgoed Vermogensbeheer, the real estate management division of Dutch insurer ASR. Invesco said it also bought four office properties in Paris CBD for EUR 134.5 ...
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PropertyEU Archive
Growth in prime office rents slows in Q3: JLL
Prime office rents continued to grow during the third quarter of 2010, albeit at a slower pace, according to Jones Lang LaSalle's Q3 European Office Clock. JLL's Office Rental Index rose by a modest 0.7% over the quarter, driven by Moscow (+6.3%), Stockholm (+5.4%) and London (+2.9%).
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PropertyEU Archive
AXA REIM eyes property lending opportunities
French insurer AXA plans to lend more money to property investors to bridge the funding gap left by Europe's real estate banks, news wire Bloomberg has revealed.
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PropertyEU Archive
Basel III will 'stifle' property loans: Paul Hastings
Regulations contained in the new Basel III requirements introduced on 12 September could stifle capacity for new property loans, according to law firm Paul Hastings. Under measures to improve banks' liquidity coverage ratios, Basel III penalizes institutions for securitizing loans, encouraging them to lend through the more secure covered bond ...
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PropertyEU Archive
KKR reportedly preparing a bid for ING REIM
Private equity fund KKR is preparing a bid for ING REIM, according to media reports. Vornado Realty Trust and Apollo Global Management are also believed to be interested in acquiring the Dutch fund manager.
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PropertyEU Archive
BNP Paribas Real Estate strengthens Central London team
BNP Paribas Real Estate said on Monday it has appointed Justin James as senior investment director and Tim Hugill as investment director within its Central London investment team, based in the West End.
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PropertyEU Archive
CBRE bolsters corporate services team
CB Richard Ellis (CBRE) has announced four new hires to strengthen its Global Corporate Services (GCS) team in the EMEA region.
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PropertyEU Archive
Pirelli Real Estate starts trading under new name Prelios
Pirelli & C. Real Estate started trading today on the Italian stock exchange under its new name Prelios. The name change follows the company's separation from parent company Pirelli & C.
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PropertyEU Archive
Grosvenor snaps up French high-street portfolio
Grosvenor has acquired a portfolio of five high-street assets from a private vendor based in Strasbourg for EUR 26.5 mln. The retail units are located at Rue de la Haute Montée and Rue des Grandes Arcades in Strasbourg, as well as at Cours Mirabeau in Aix-en-Provence.
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PropertyEU Archive
'Westfield to sell stake in Stratford mall to Henderson'
Australian retail developer Westfield is in advanced talks to sell a stake of around GBP 750 mln (EUR 842 mln) in its massive shopping centre development in east London to Henderson Global Investors, the Financial Times reported on Monday.
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PropertyEU Archive
Multi wins tender for 100,000 m[sup]2[/sup] project in Gdansk
A consortium of Multi Development Poland and Multi Corporation has signed a preliminary shareholder agreement with the Municipality of Gdansk in relation to the development of the Hay and Crayfish Market in the city centre.
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PropertyEU Archive
Mercialys in talks to sell EUR 100m worth of retail assets
French SIIC Mercialys has announced that it has entered into exclusive negotiations to sell around EUR 100 mln worth of retail properties before the end of the year. The assets mostly consist of service malls, food stores, stand-alone restaurants, and co-ownership lots.
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PropertyEU Archive
Morgan Stanley liquidates P2 Value fund
Morgan Stanley said on Tuesday it is liquidating its P2 Value open-ended fund as it does not expect sustained high returns upon its reopening on 1 November. The fund's 34 properties will be sold over a period of three years and the proceeds paid out to investors. In the meantime ...
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PropertyEU Archive
Risanamento closes sale of Falck site for EUR 405m
Italian listed real estate developer Risanamento has signed the final agreement to sell the vast Falck development site in the Sesto San Giovanni outskirts of Milan for a price of EUR 405 mln. The agreement puts an end to nearly two years of negotations on the sale of the area ...
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PropertyEU Archive
Ascott REIT completes major European purchase
Singapore's Ascott Residence Trust said that it has completed the acquisition of 28 serviced residence properties in Europe and Asia for a total of S$970 mln (EUR 537 mln) from its parent group. The properties, including 3,347 units, are located in France, UK, Germany, Belgium and Spain, with two assets ...
