All Real Assets articles in Web Issue – Page 599
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PropertyEU Archive
Alstria first German company to publish sustainability report
Hamburg-based Alstria office REI, an internally managed Real Estate Investment Trust (REIT), has published its first sustainability report. The report compiles CSR (corporate social responsibility) data for 2007 to 2009 and testifies to Alstria´s holistic business approach in terms of economical, environmental and social aspects, the company said in a ...
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PropertyEU Archive
FHH launches new fund to buy Bonn office building
German closed-end fund manager Fondshaus Hamburg (FHH) said that it is launching the FHH Immobilien 8 fund to acquire an office building in Bonn from project developer Lang & Cie. The fund has an investment volume of EUR 27 mln and will target an annual return of 5.5%.
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PropertyEU Archive
CDS, Multi close to receiving permit for Rome mixed-use project
Italian retail developer CDS and European shopping centre specialist Multi Corporation have signed a planning agreement with Rome City Council for the construction of the Forum Valle Aurelia mixed-use project.
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PropertyEU Archive
Immofinanz opens new retail parks in Czech Republic, Slovakia
Austrian real estate developer Immofinanz said that it is expanding its Stop Shop speciality shopping centre portfolio with new openings in the Czech Republic and Slovakia.
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PropertyEU Archive
Sonae Sierra sells LeiriaShopping to Sierra Portugal Fund
Portuguese shopping centre specialist Sonae Sierra has sold its LeiriaShopping complex in Portugal to its Sierra Portugal Fund for EUR 92 mln. Following the transaction, Sonae Sierra's interest in SPF has increased to approximately 47.5%.
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PropertyEU Archive
Invesco agrees EUR 109m refinancing with Aareal Bank
Invesco Real Estate (IRE) has announced that its hotel fund management and debt finance teams have signed a EUR 109 mln refinancing deal with Aareal bank for four hotels. Three of the hotels are had originally been purchased with 100% equity, for IRE's first hotel fund.
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PropertyEU Archive
Alstria agrees EUR 36m office sale-and-leaseback
Alstria Office, an internally managed German Real Estate Investment Trust (REIT), has agreed to acquire an office complex in Karlsruhe for EUR 36.2 mln. The asset will be leased back by the vendor, Württembergische Lebensversicherung, under a 15-year lease, securing the insurer's commitment to Karlsruhe for the long term.
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PropertyEU Archive
Aguirre Newman mandated to manage Vialia Albacete mall
Spanish brokerage group Aguirre Newman said that it has been awarded the management of the newly developed Vialia Albacete shopping centre, owned by the Spanish railway infrastructure management company Adif. The scheme is the eighth commercial centre managed by Aguirre Newman and brings the total size of the shopping centre ...
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PropertyEU Archive
CBRE launches annual photo competition
The Dublin office of CBRE has launched its third annual Urban Photographer of the Year competition. The hotly contested prize, which last year saw over 6,000 entries flood in across EMEA, is designed to explore and capture the essence of urban life and is open to all amateur and professional ...
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PropertyEU Archive
APG set to issue inflation-indexed bonds
APG, the asset management vehicle of pension fund ABP, is close to issuing its first inflation-linked bonds to Dutch housing corporations, according to a report in Dutch financial daily Het Financieele Dagblad.
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PropertyEU Archive
CBREI appoints Jean Lamothe as president Europe
CB Richard Ellis Investors has appointed Jean Lamothe as president of its pan-European arm. In this newly created position, he will be responsible for the strategic direction and day-to-day management of CBRE's pan-European platform. He will also oversee the firm's existing direct investment programmes and lead new business initiatives in ...
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PropertyEU Archive
Wereldhave bounces back into profit
Amsterdam-listed Wereldhave reported profit rose to EUR 78.6 mln in the first nine months of the year compared to a loss of EUR 106.5 mln in the year-earlier period. The company attributed the strong improvement to acquisitions and appreciation of the portfolio.
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PropertyEU Archive
European firms invited to become Regulated by RICS
The Royal Institution of Chartered Surveyors (RICS) has for the first time offered real estate firms across Europe the opportunity to become Regulated by RICS to 'demonstrate to the public their ethical commitment in their daily business practices'.
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PropertyEU Archive
Mounic becomes Goodman regional director Southern Europe
Goodman Group has appointed Jean-François Mounic as regional director Southern Europe, effective December of this year. He will also continue in his current position as country manager for Goodman France.
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PropertyEU Archive
Redevco buys two properties in Germany
Redevco Germany has purchased two high street retail properties in the centre of Kassel and Bielefeld from an unnamed privately owned company. The Bielefeld property is located at Bahnhofstraße 23 and the property in Kassel at Am Friedrichplatz 19-20. Both properties are fully let to Sinn Leffers and Drogerie Müller.
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PropertyEU Archive
Commercial property capital growth remains positive: IPD
UK commercial property delivered a 15th consecutive month of positive capital growth in October, albeit at just 0.1%, according to IPD UK Monthly Index. Last month's fractional positive growth brings the compounded upturn in values to 15.9% since the recovery emerged in August 2009, while the 12-month capital growth rate ...
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PropertyEU Archive
James Farmer joins Europa Capital
James Farmer has joined London based Europa Capital, from the Royal Bank of Scotland (RBS), as an associate. He will support the the acquisitions team active in 'Middle Europe' (France, Germany, Austria, Switzerland) headed by Nic Fox.
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PropertyEU Archive
Panattoni, Gazeley start construction of new logistics centres
Logistics property developer Panattoni Europe said that it has started construction of a modern industrial facility for Polish appliance producer Zelmer Group in the southeast of Poland. The new built-to-suit facility in Glogow Malopolski municipality will offer 28,500 m[sup]2[/sup] of production and warehouse space, with a further 4,000 m[sup]2[/sup] of ...
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PropertyEU Archive
Investors collect funds for Pinnacle: FT
Investors are poised to commit further funds to the 64-storey Pinnacle development in the City of London to ensure that it is ready before rival tower schemes, the Financial Times has reported.
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PropertyEU Archive
Hammerson focuses on redevelopment
Hammerson is pressing forward with a number of development and redevelopment projects to enhance its portfolio in the UK and France. CEO David Atkins said in an interim management statement for the period July to November that the retail redevelopment of 54-60 rue du Faubourg St Honoré, Paris, is progressing ...
