All Real Assets articles in Web Issue – Page 597
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PropertyEU Archive
Great Portland spends EUR 52m in London jv reshuffle
London-listed Great Portland Estates has announced it is acquiring four properties in the UK capital for a total of £45 mln (EUR 52 mln) from its joint venture with Capital & Counties Properties.
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PropertyEU Archive
Aareal books EUR 94m operating profit for first 9 months
Aareal Bank Group said on Tuesday that it has continued to perform well during the current financial year, posting consolidated operating profit of EUR 33 mln for the third quarter - in a business environment that continues to be challenging.
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PropertyEU Archive
Aareal, Helaba post strong figures in 'challenging environment'
German real estate financiers Aareal Bank and Helaba posted strong earnings figures on Tuesday despite what Aareal described as a continuing challenging business environment.
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PropertyEU Archive
Aberdeen AM joins ISA as founding member
Aberdeen Asset Management has become the latest organisation to join the International Sustainability Alliance (ISA) as a founding member, bringing the number of founding members to 22.
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PropertyEU Archive
German fund acquires Brussels Nespresso HQ
Savills, the international real estate advisor, has confirmed the acquisition of the Nespresso HQ in the CBD of Brussels by HFSB Metropolen Westeuropa, a German fund administered by Hansainvest Hanseatische Investment, Hamburg. Initiators and managers of the fund are APG Hanseatic Funds Asset- und Fondsmanagement and S. Boehme & co.
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PropertyEU Archive
SNS Property Finance terminates Dutch activities
After retreating from its international markets, SNS Property Finance (SNSPF) is now gearing up to terminate its Dutch activities. The news follows fresh losses during the third quarter at the Dutch property unit of SNS Reaal after higher loan impairments and operating costs.
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PropertyEU Archive
UBM buys Hotel Symphony in Amsterdam Zuidas
Vienna-listed property company UBM Realitätenentwicklung has acquired the Hotel Symphony in Amsterdam from Philips' pension fund for an undisclosed price. Symphony Hotel will be operated by Intercontinental Hotel Group as a business hotel under the Crowne Plaza brand.
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PropertyEU Archive
Tony Horrell appointed CEO of Colliers International UK
Tony Horrell has been appointed CEO of AIM-listed Colliers International UK with immediate effect. Until the beginning of this year, Horrell was international director and head of Jones Lang LaSalle's Capital Markets group in Europe.
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PropertyEU Archive
Invesco RE plans Asia fund for German investors
Invesco Real Estate is gearing up to launch an Asia fund for German institutional investors in Q1 2011, Robert Stolfo, Director of Business Development in Germany, told PropertyEU in an interview. The fund aims to raise between EUR 200 -250 mln in equity and will be registered as a Luxembourg-based ...
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PropertyEU Archive
Redevco to start construction of Magnesia mall in Turkey
Redevco Turkey is to start construction of the 17,000-m[sup]2[/sup] Magnesia Shopping Center in the first quarter of 2011. Manisa is one of the most industrialised provinces in Turkey's Aegean Region and has a total population of 1.3 million.
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PropertyEU Archive
Fabege transfers a property to housing development jv
Fabege has transferred a property in Östermalm to joint-owned housing development company. As announced earlier, Fabege and Oscar Properties Invest have formed the joint venture for the development of tenant-owner flats in Stockholm.
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PropertyEU Archive
RREEF invests in Forum Mittelrhein in Koblenz
RREEF Investment has reached agreement with developers ECE Projektmanagement and Strabag Real Estate on a 94.9% stake in the company established to realise the Forum Mittelrhein shopping centre in Koblenz. Total investment in the project is put at around EUR 145 mln. The stake will be added to RREEF’s ...
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PropertyEU Archive
Vornado bids for ING REIM before 1 December deadline - report
Vornado Realty Trust, one of the largest listed real estate companies in the US, has entered a bid to acquire ING Real Estate Investment Management (ING REIM), according to a report in The Wall Street Journal. ING REIM has EUR 71 bn of assets under management and is part of ...
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PropertyEU Archive
Berlin Hyp boosts lending by 35% to EUR 2.4b
German real estate financier Berlin Hyp has generated EUR 2.4 bn in new lending volume so far in 2010 compared to EUR 1.8 bn for the first nine months last year. The Berlin-based bank reported a pre-tax profit of EUR 57.9 mln compared to EUR 58.8 mln in the same ...
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PropertyEU Archive
ING Real Estate sees losses narrow to EUR 6m in Q3
ING Real Estate saw its pre-tax losses narrow to EUR 6 mln in the third quarter of 2010 compared to a EUR 309 mln pre-tax loss in the same period last year. The real estate arm of banking and insurance group ING booked a loss of EUR 4 mln in ...
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PropertyEU Archive
Peach Property seeks to raise EUR 40m from IPO
Swiss luxury property developer Peach Property Group aims to raise approximately CHF53.3 mln (EUR 40 mln) from its flotation on Thursday on the Main Standard of the Swiss stock exchange in Zurich. The proceeds will be used for new development projects in the German speaking countries of Switzerland, Germany and ...
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PropertyEU Archive
Norbert Kickum leaves Aareal Bank
Norbert Kickum has stepped down from Aareal Bank where he was responsible for the international property financing business. Kickum resigned from the management board and the bank with effect from end-October 2010.
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PropertyEU Archive
SEB Europe REI acquires office building in Glasgow
SEB Europe REI has added an office building in St. Vincent Street in Glasgow to its portfolio. The property is located in the Scottish city's central business district.
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PropertyEU Archive
Privae equity firm acquires office in Stockholm CBD
Mengus Stockholm, represented by international real estate advisor Savills, has acquired the office leasehold property Järnplåten 29 from NIAM Fund IV for an undisclosed sum.
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PropertyEU Archive
Office vacancy declines across CEE markets, CBRE finds
Office occupier take-up in Central and Eastern Europe (CEE) increased by 21% in the first three quarters of 2010 compared to the same period of last year, bringing the region’s year-to-date office take-up close to 2 million m2, according to the latest data from CB Richard Ellis (CBRE).
