All Real Assets articles in Web Issue – Page 595
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PropertyEU Archive
MFI seeks opportunities in Turkey, Germany
German shopping centre developer Management fur Immobilien (MFI) is looking for its first investment opportunity in Turkey after several years of activity in the country as a leasing service provider. In an interview with PropertyEU, CEO Matthias Böning said that the Turkish retail real estate market offers value due to ...
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PropertyEU Archive
Helaba to remain picky as London office market takes off
German property financier Helaba has said it will remain selective as the office market in Greater London takes off. London is Helaba's second-largest foreign market after the US.
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PropertyEU Archive
Moody's places Westfield rating under review
Moody's Investors Service has placed the A2/Negative ratings of Westfield Group on review for possible downgrade. The action was prompted by the Group's announcement that Westfield Group will undertake a restructure which will involve the transfer of approximately AU$12 bn of Australian and New Zealand assets into a new listed ...
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PropertyEU Archive
Redevco reopens two units in Shoppi Tivoli redevelopment
Redevco Switzerland has reopened two units at Shoppi Tivoli in Switrzerland. Switzerland's largest shopping centre is located in Spreitenbach (Aargau) and offers 78,000 m[sup]2[/sup] of retail area spread over more than 150 stores and has around 4,300 m[sup]2[/sup] of parking. Shoppi Tivoli SC is the largest shopping centre in Switzerland.
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PropertyEU Archive
Citigroup tower to be marketed for EUR 1bn-plus: report
Citigroup's European headquarters in London's Canary Wharf is to go on the market for more than £1 bn (EUR 1.1 bn), according to a media report.
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PropertyEU Archive
OVG to develop EUR 200m Deloitte office in Amsterdam
Specialist office developer OVG Projectontwikkeling is to develop a 40,000 m[sup]2[/sup] headquarters for accountant Deloitte and legal firm AKD in the Zuidas business district of Amsterdam.
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PropertyEU Archive
Prelios halves loss to EUR 30m so far in 2010
Prelios, formerly Pirelli & Co Real Estate, has reported a loss of nearly EUR 30 mln in the first nine months of 2010, compared to a loss of EUR 58 mln in the same period a year before. The figure mostly reflects heavy writedowns on its portfolio, accounting for roughly ...
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PropertyEU Archive
Sponda swings back to profit, signs EUR 650m of credit agreements
Finnish listed property company Sponda swung to an operating profit of EUR 133 mln in the first nine months of 2010, from a loss of EUR 37 mln in the same period a year before. Total revenue came in at EUR 174 mln, compared to EUR 179 mln in the ...
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PropertyEU Archive
Savills expands retail agency team in Frankfurt
Savills Immobilien Beratungshas employed retail agent Julia Milanovic at its Frankfurt office. Milanovic has three years of experience in commercial real estate and most recently worked for NAI apollo in Frankfurt. Marco Mallucci, head of Savills Frankfurt, said: 'Julia Milanovic will further strengthen our market position in Frankfurt and we ...
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PropertyEU Archive
Unibail-Rodamco gets agreement on Les Halles renovation
SCFHP, a subsidiary of Unibail-Rodamco and AXA, owner-operator of the Forum des Halles shopping centre, has announced that it has concluded an agreement with the City of Paris setting out the conditions of its involvement as a partner in a rezoning project for Paris' Les Halles district.
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PropertyEU Archive
Europa Capital makes two appointments
London-based real estate investment group Europa Capital has announced two new appointments. James Farmer joins from the Royal Bank of Scotland (RBS) as an associate supporting the acquisitions team active in 'Middle Europe'. The team which covers France, Germany, Austria and Switzerland is headed by Nic Fox.
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PropertyEU Archive
Sonae Sierra opens mall extention in Brazil
Sonae Sierra, through its subsidiary Sonae Sierra Brasil, has opened Parque D. Pedro Shopping first expansion, in Campinas, Brazil. The extension represents an investment of EUR 9.6 mln and is made up of a new boulevard with 34 new stores with 5,450 m[sup]2[/sup] of Gross Lettable Area (GLA).
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PropertyEU Archive
Norwegian pension giant buys stake in Regent St
Norway's giant government pension fund has made its first foray into the real estate sector by acquiring a chunk of Regent Street in London for £448 mln (EUR 511 mln).
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PropertyEU Archive
EBRD provides financing for Montenegrin hotel project
The European Bank for Reconstruction and Development (EBRD) said this week that it is providing finance for a EUR 74 mln project to refurbish and extend the Crna Gora hotel in Montenegro.
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PropertyEU Archive
Metro mulls sale of Saturn stores in France
German retail group Metro said that it has started negotiations with HTM Group, the owner of Auchan, for the sale of some or all of its Saturn stores in France. The move is part of a strategic review of the group's consumer electronics business in France which include the potential ...
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PropertyEU Archive
Savills recruits for office team in Hamburg
Savills Immobilien has recruited Sebastian Peters as Senior Consultant for its Hamburg office agency team. Peters, who started on 1 November 2010, has many years of experience in commercial real estate. A certified specialist in the real estate and housing sector, Kaufmann der Grundstücks- und Wohnungswirtschaft - EBZ, he started ...
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PropertyEU Archive
Klémurs completes sale of retail premises for EUR 25m
French real estate investment trust Klémurs has announced that it has completed the disposal of a retail premises in Paris for EUR 25 mln. The 8,000-m[sup]2[/sup] asset is located on rue de Flandre in the 19th arrondissement of the French capital. The sale was initially announced at end-July this year.
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PropertyEU Archive
Carlton closes EUR 30m financing for Bucharest towers
Carlton Advisory Services has provided EUR 30 mln refinancing of a construction loan for twin office towers, in Bucharest, Romania. The office towers are scheduled to be completed in 2011. The 46,500-m[sup]2[/sup] complex will consist of two, 18-story buildings, a three-story mall, two conference halls and a 1,000-space garage.
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PropertyEU Archive
L&S acquires UK distribution portfolio for EUR 93.5m
UK REIT London & Stamford Property (LSP) has acquired a portfolio of five distribution assets for £82 mln (EUR 93.5 mln) from Harbert Management Corporation (Europe).
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PropertyEU Archive
CWI acquires office asset for West Sussex pension fund
Cushman & Wakefield Investors (CWI) has acquired Centrum House in Egham, on behalf of West Sussex Pension Fund. The 1,518-m[sup]2[/sup] property was sold by CBRE Investors for £5.935 mln (EUR 6.8 mln). Griffiths Eccles advised CBRE Investors.
