All Real Assets articles in Web Issue – Page 600
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PropertyEU Archive
Quintain strengthens fund management team
Quintain Estates & Development has appointed two new fund managers, in line with its strategic objective of doubling funds under management to £2 bn (EUR 2.4 bn) by March 2013. Scott Wilson has been appointed as fund manager focussing on new business opportunities and Michael Donnelly has joined as fund ...
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PropertyEU Archive
ICSC seminar told: watch out for silver-grey tsunami
Shopping centre developers and owners need to take heed of the silver-grey tsunami set to wash over Europe in the next decade, Jesper Bo Jensen, Futurist and CEO of Denmark-based Fremforsk, warned at the European Research Seminar of the International Council of Shopping Centers (ICSC) in Amsterdam in early November.
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PropertyEU Archive
IGD Siiq's profit doubles in 2010
Italy's listed shopping centre specialist IGD Siiq has seen its profit rise by 54% to nearly EUR 23 mln in the first three quarters of 2010, from EUR 15 mln in the same period a year before. Total revenues remained unchanged at EUR 89 mln over the course of 2010.
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PropertyEU Archive
Call for 2011 European Solal Marketing Awards
The 2011 International Council of Shopping Centers (ICSC) European Solal Marketing Awards have been launched. Entrants are being urged to get their campaign in early as awards will be announced at the ICSC Marketing Conference being held in Istanbul, Turkey on 6-8 April 2011 - two months earlier than in ...
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PropertyEU Archive
Deutsche Pfandbriefbank books profit in Q3
Nationalised German real estate lender Deutsche Pfandbriefbank has achieved its first positive quarterly result since Q4 2008 when it almost fell victim to the credit crisis.
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PropertyEU Archive
AEW Europe sells French retail portfolios for EUR 40m
Investment manager AEW Europe has sold two French retail portfolios, Sérénité 1 and 2, for a total of EUR 40 mln. The pan-European company said that it has divested Sérérité 1 to SCPI Immorente and OPCI RFA Sofimmo, managed by Sofidy, for a total of EUR 21.5 mln.
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PropertyEU Archive
Sacyr plans EUR 400m capital increase
Spanish construction group Sacyr Vallehermoso is planning a EUR 400 mln capital increase to boost its finances. The share issue will be priced at EUR 4.5 per share.
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PropertyEU Archive
Colliers acquires Amsterdam advisory firm
Colliers International has acquired a majority stake in Amsterdam's oldest commercial real estate services firm, Boer Hartog Hooft, growing the Colliers International Dutch operations to 60 professionals. Boer Hartog Hooft will rebrand to Colliers International immediately.
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PropertyEU Archive
Hawkpoint appoints JLL veteran as senior adviser
Corporate advisory firm Hawkpoint has appointed Robert Orr as a senior adviser with a specific focus on the real estate sector. He will work closely with Edward Arkus who leads Hawkpoint's real estate practice.
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PropertyEU Archive
JLL appoints new head of EMEA Research
Jones Lang LaSalle has announced that Grant Fitzner is joining the global property advisory to take over as head of EMEA Research. He replaces Paul Guest who is moving to Singapore to take on the role of Global Capital Markets Research Director.
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PropertyEU Archive
Batipart cuts stake in Foncière des Régions
Batipart, the holding vehicle of Charles Ruggieri, has sold a significant part of its interest in French real estate investment trust Foncière des Régions (FdR). The buyers are Delfin - the holding company of Italian billionaire Leonardo Del Vecchio – and insurance groups Predica and Assurances du Crédit Mutuel Vie ...
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PropertyEU Archive
C&W, JLL to market Moscow's Delta Plaza
Cushman & Wakefield (C&W) said that it has been appointed as co-exclusive agent with Jones Lang LaSalle for the leasing of a new class A business centre in Moscow. Located near the Sadovoe Ring, the Delta Plaza complex offers 27,000 m[sup]2[/sup] of space across nine floors and will be ready ...
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PropertyEU Archive
Deutsche Pfandbriefbank increases new lending
Deutsche Pfandbriefbank has cautiously increased the pace of its new real estate lending during the course of the first nine months of 2010.
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PropertyEU Archive
Developers will see opportunity in Polish retail: Savills
The average shopping centre provision per 1,000 inhabitants amounts to about 210 m[sup]2[/sup] in Poland and is below the EU-27 average, according to the latest research published by Savills.
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PropertyEU Archive
Resolution Property to expand Galeria Pomorska
European investor Resolution Property is to present its plans during the annual MAPIC retail property fair in Cannes for a major expansion of the Galeria Pomorska Shopping Centre. Resolution acquired the shopping centre in Bydgoszcz, Poland earlier this year through its Resolution Fund III.
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PropertyEU Archive
Hatfield Philips enforces EUR 202m loan for five City of London properties
Special servicer Hatfield Philips has enforced a £172 mln (EUR 202 mln) loan which relates to five City of London properties. The £172 mln remaining AMG Portfolio Loan, part of the Windermere VIII CMBS plc securitisation, matured in April 2010 and was put into administration by the Royal Court of ...
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PropertyEU Archive
Allianz buys Eurasante building for EUR 27m
Immovalor Gestion, a real estate fund management unit of the German Allianz Group, has acquired an office building in Loos-lez-Lille, Northern France, from Avenir et Territoires for roughly EUR 27.5 mln. The Eurasanté office building was acquired for two SCPI investment vehicles, Allianz Pierre and Allianz Pierre Valor.
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PropertyEU Archive
Prime retail rents stabilise in Q3, CBRE finds
Prime retail rents in the world’s leading retail destinations have stabilised, with some markets now witnessing rental growth as the economic recovery gathers momentum and consumer confidence starts to improve, according to CB Richard Ellis' (CBRE) latest Global Retail MarketView. Demand for prime retail space in most markets remains strong, ...
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PropertyEU Archive
Marriott Intl acquires Berners Hotel in London
Marriott International last week announced the acquisition of the historic Berners Hotel in London that will be renovated over the next 18-24 months to become The London 'Edition'. The transaction comes weeks after the grand opening of the first Edition hotel in Hawaii.
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PropertyEU Archive
Metric makes seventh acquisition in the UK
Metric Property Investments has carried out its seventh acquisition with the purchase of Wick Retail Park in northeast Scotland for £10.3 mln (EUR 12 mln), reflecting an initial yield of 6.5%. Metric, a specialist retail real estate investment trust (REIT), will use its existing cash resources to finance the purchase.
