All Real Assets articles in Web Issue – Page 592
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PropertyEU Archive
Europe's major retailers back on the growth track, says Klepierre
French SIIC Klépierre saw retail sales increase by 1.2% during the first three quarters of the year as the retail market continues to improve across Europe. Retailers' appetite to is also starting to increase again, with Klepierre recently signing a number of new leases, including three rental agreements with H&M ...
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PropertyEU Archive
PropertyEU ranking: German financiers gain Dutch market share
German financiers Berlin Hyp and Deutsche Hypo have each moved up two notches in the annual ranking of leading property financiers in the Netherlands compiled by PropertyNL. The ranking, which is based on lending volume over 2009 and is compiled by the Dutch sister publication of PropertyEU, is headed by ...
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PropertyEU Archive
Paris and London lead in north-south market recovery: King Sturge
The latest European rents and yields survey from King Sturge confirms that London and Paris lead the recovery with prime office rents up on the previous quarter.
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PropertyEU Archive
LaSalle secures 126,000 m[sup]2[/sup] of French leases in 12 months
LaSalle Investment Management has announced the signing of a six-year firm lease with the owners of an international financial newspaper for offices located at 46 rue La Boetie in Paris. The property is now also fully occupied.
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PropertyEU Archive
Prologis prices shares at $12.30 for offering
New York-listed Prologis, the global provider of distribution facilities, announced on Wednesday the pricing of 80 million common shares in a public offering at a price of $12.30 per share. The company has granted the underwriters a 30-day option to purchase up to an additional 12 million shares to cover ...
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PropertyEU Archive
Icade's turnover falls 12% so far in 2010
French commercial property group Icade saw its turnover drop by 12% to EUR 958.5 mln in the first three quarters of 2010, compared to EUR 1 bn in the same period a year before. In a statement, the real estate unit of Caisse des Depots said that the drop is ...
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PropertyEU Archive
CBRE, JLL report strong performances in Q3
The two largest global real estate advisory firms have reported strong performances for the third quarter of 2010 thanks to an increase in transaction and leasing activity.
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PropertyEU Archive
EMEA hotel investment to hit EUR 5.5b: JLL
The EMEA hotel investment market has demonstrated strong growth in the first three quarters of 2010, reaching EUR 3.97 bn, according to Jones Lang LaSalle Hotels.
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PropertyEU Archive
Vastned Retail places EUR 75m bond with US investor
Pan-European retail property fund Vastned Retail has placed a EUR 75 mln unsecured bond with a single major US institutional. This is Vastned Retail's first transaction in the US private placement market.
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PropertyEU Archive
Radisson Blu Krakow receives first hotel BS8901 cert
Union Investment has announced that its Radisson Blu Hotel in Krakow has been certified with the BS8901 standard. It is the first hotel in Poland, first Rezidor hotel and first hotel worldwide to obtain the standard.
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PropertyEU Archive
Demanio Agency reports strong interest for Caserma Piave
Italy's public real estate agency, Agenzia del Demanio said that there is strong interest from investors in the Caserma Piave property which is up for sale, with 24 expressions of interest during a first meeting with real estate investors.
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PropertyEU Archive
NBGI enters Poland with logistics buy
Standard Life Investments’ Select Property Fund has sold Panattoni Park Garwolin, a 25,940 m[sup]2[/sup] logistics property located in Garwolin, Poland, to NBGI Private Equity. The deal is NBGI's first in the Polish market.
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PropertyEU Archive
Poland leads recovery in CEE industrial market: JLL
Industrial investment and occupier activity saw an upswing in the first half of 2010 in the CEE region, although volumes remained below pre-credit crisis levels with recovery in the industrial investment market still fragile and uneven. That is one of the key conclusions of Jones Lang LaSalle’s latest European Industrial ...
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PropertyEU Archive
Predica buys Chambourcy mall project for EUR 110m
Credit Agricole's Predica insurance unit has acquired Les Vergers de la Plaine shopping centre currently under development in Chambourcy, in the Île-de-France region in central northern France. The centre, which is part of the Porte Ouest major redevelopment project near Paris, has been sold by local developer Sopic for over ...
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PropertyEU Archive
WestLB abandons Westimmo sale
German banking group WestLB has rejected the current offers on the table for its dedicated real estate lending unit, Westimmo as 'unacceptable from an overall business point of view'. The board of the Landesbank has decided - on the basis of the offers submitted - not to pursue the sale ...
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PropertyEU Archive
JLL appointed to market Adequa business park in Madrid
Jones Lang LaSalle said that it has been mandated as exclusive real estate adviser for the leasing of thee office buildings part of the Adequa business park in the Northern suburbs of Madrid. The owner of the schemes is Spanish commercial real estate developer Bami Newco.
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PropertyEU Archive
War-Sawa-Junior relaunched after refurbishment
ING Real Estate Investment Management CEE has announced that refurbishment of the War-Sawa-Junior retail and office property in Warsaw city centre has been completed. Marks & Spencer, one of the retail property's anchor tenants, has just opened its largest shop in Poland in the building.
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PropertyEU Archive
Fund liquidation back on investors' agenda: Inrev
Investors are beginning to consider liquidation as a fund exit strategy for the first time since 2007 according to the 2010 INREV Fund Termination Study. However, extending the lifetime of a fund remains the most likely strategy, as it has been in the past three years.
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PropertyEU Archive
Global volumes constrained by product availability: JLL
Global direct commercial real estate investment volumes totalled $69 bn (EUR 49.5 bn) in the third quarter of 2010, according to a preliminary figures from Jones Lang LaSalle. This level is similar to the second quarter of 2010 and indicates that the recovery in investment activity seen in the previous ...
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PropertyEU Archive
Deutsche Pfandbriefbank leads syndicate for Budapest mall
A syndicate of banks led by Deutsche Pfandbriefbank, MKB Bank and UniCredit has completed a EUR 384.5 mln refinancing with Dipol Holdings
