All Real Assets articles in Web Issue – Page 594
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PropertyEU Archive
Invista suffers another contract termination
Invista Real Estate Investment Management (REIM), which is in the process of winding up, has announced that it has lost a contract to manage £272 mln (EUR 313 mln) of residential assets.
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PropertyEU Archive
Goodman, Europa join forces on UK logistics
Global property group Goodman and real estate investment manager Europa Capital have established a joint venture to acquire land sites suitable for the development of distribution and logistics property across the UK.
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PropertyEU Archive
CLS acquires Apex tower in Greater London for EUR 25m
London-listed property company CLS Holdings confirmed on Tuesday that it has completed the purchase of Apex Tower in New Malden, Greater London for £21.46 mln (EUR 24.7 mln) including costs. Apex Tower consists of 15 upper floors of 9,185-m[sup]2[/sup] of offices, four retail units and a bar at ground ...
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PropertyEU Archive
MIPIM calls for entries for 9th Architectural Awards
Architects from all over the world have been invited to enter their latest projects into the 9th annual MIPIM Architectural Review Future Project Awards programme, which celebrates innovative thinking and approaches to design for buildings either still on the architect's table or yet to be built.
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PropertyEU Archive
HB Reavis makes first project acquisition in Poland
CEE developer HB Reavis has acquired the Konstruktorska office development site in the Mokotow business district of Warsaw. The vendor is the local real estate unit of Spanish conglomerate Acciona. The property has a building permit for a 45,000-m[sup]2[/sup] office scheme.
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PropertyEU Archive
Resolute AM appoints senior risk specialist
Resolute Asset Management, the advisory and asset management firm, today announced the appointment of Lothar Weber as an independent member of its Risk Committee.
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PropertyEU Archive
ICSC: Baltic recovery well under way
Significant opportunities exist for retail investment in the Baltic States, according to speakers at the ICSC Baltic States Retail Real Estate Conference held in Riga, Latvia recently.
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PropertyEU Archive
European property recovery broadens: RICS
Occupier demand and investment activity are recovering now across Europe although the gap between emerging and developed economies widened in the third quarter of 2010, according to the latest RICS Global Commercial Property Survey published on Tuesday.
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PropertyEU Archive
New Russian-backed fund refinances London office building
Wainbridge Capital Limited (WCL) said on Tuesday that it has raised £50 mln (EUR 57 mln) of equity in the first closing of its debut real estate fund, Wainbridge Global Opportunities London (WGOL). The equity for the value-added was raised from a number of high net worth investors, the majority ...
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PropertyEU Archive
ING closes Canadian portfolio sale
ING Group announced on Tuesday that it has completed the sale of its 50% interest in a Canadian light industrial property portfolio. The stake in the ING Summit Industrial Fund (Summit) was acquired by a joint venture between KingSett Capital and its affiliates and clients of Alberta Investment Management Corporation ...
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PropertyEU Archive
L&W starts construction of Serbia's first outlet centre
Fashion House Development, part of the Belgian group Liebrecht & Wood, has started construction of Indjija Retail Park, Serbia's first retail outlet development. The company said that it will invest around EUR 30 mln in the construction of the scheme, which is located between Serbia's capital, Belgrade and its second ...
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PropertyEU Archive
Savills Sweden strengthens its investment team
Savills has recruited Linda Graff-Lonnevig as associate director at its Stockholm office. Graff-Lonnevig, previously project manager at Leimdörfer in Stockholm, has been recruited to further strengthen Savills investment team. Prior to Leimdörfer she worked within corporate finance as partner and co-founder of Arctos Mergers & Acquisitions.
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PropertyEU Archive
Catella fund spends EUR 12m in Munich
Catella Real Estate KAG announced on Thursday that it has acquired a 2,600-m[sup]2[/sup] core office property in Munich for its German open-ended fund Catella Max for EUR 12 mln. The vendor is UBS Real Estate's (D) Euroinvest Immobilien fund.
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PropertyEU Archive
Q3 capital growth in UK is shallowest of the year, delegates told
Modest rental uplifts over the third quarter failed to prevent the shallowest quarterly capital growth of the year, delegates at the IPD/IPF/PDIG Quarterly Q3 Briefing were told on Tuesday.
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PropertyEU Archive
RREEF acquires office properties in Warsaw
RREEF Investment has acquired the Topaz and Nefryt office properties in Warsaw on behalf of its open-ended grundbesitz europa fund for EUR 80 mln. The vendor is the Polish project development company Globe Trade Centre.
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PropertyEU Archive
Erste fund acquires Media Markt premises in Hungary
Erste Real Estate Fund has acquired a 4,400-m[sup]2[/sup] property in Szeged occupied by electronics retailer Media Markt in one of the few significant property transactions in Hungary this year. The vendor is Caelum Development. The parties agreed not to disclose the price.
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PropertyEU Archive
Skanska begins green office project in Budapest
Skanska is developing a new office property with a strong environmental profile in Budapest, Hungary. Skanska’s investment amounts to EUR 32.5 mln, about SEK 300 mln.
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PropertyEU Archive
ING REIM sees broad-based recovery in European prime rents
The decline in prime yields seen in major European commercial real estate markets this year, in anticipation of a recovery in occupier markets, could be justified by a genuine turnaround in 2011, but significant economic threats remain, ING Real Estate Investment Management has said in its latest European View research ...
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PropertyEU Archive
Patrizia sells Isartor Palais new building project
Patrizia Projektentwicklung, a subsidiary of German listed Patrizia Immobilien, has sold the Isartor Palais property located on the Munich Altstadtring. The buyer is a pension fund in northern Germany. The parties agreed not to disclose the price.
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PropertyEU Archive
TK takes option on shopping centre property in Denmark
Danish listed real estate company TK Development has entered into an option agreement to acquire a property zoned for a shopping centre scheme in Odense, Denmark. The agreement also covers parts of Karre 3 mixed-use scheme in the same area.
