All Real Assets articles in Web Issue – Page 601
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PropertyEU Archive
C&W names Underhill as Americas CEO
Cushman & Wakefield has named James Underhill as CEO of the Americas, the proeprty advisory firm's largest operating region spanning 141 owned and alliance offices throughout North and South America. He will be based in Washington D.C.
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PropertyEU Archive
Influx of Chinese banks taking office space: C&W
The European banking sector has seen a further influx of Chinese banks and a rise in office take-up during the last six months, according to a new report from global real estate adviser Cushman & Wakefield. Two of China's biggest banks: Agricultural Bank of China and China Bank of Communications ...
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PropertyEU Archive
Gecina buys Coeur de Seine project from Nexity
French real estate investment trust Gecina has acquired the last development phase of the Coeur de Seine project in the northwestern suburbs of Paris from Nexity-Entreprises. The financial details were not disclosed.
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PropertyEU Archive
Cities must use public land wisely: ULI
Public land in cities can be a great asset for urban investment, but it could also be a deterrent to investment if it is not used optimally, the Urban Land Institute (ULI) has cautioned. The key role that public land plays in attracting private investment in urban areas is explored ...
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PropertyEU Archive
Financière Colbert takes control of Restaura
France's Financière Colbert has closed the purchase of a 70% interest in the Spanish real estate developer and investment management company Restaura from its founder, the Solano family. Although the transaction volume was not disclosed, it is understood that Colbert is buying the company for a symbolic amount, with a ...
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PropertyEU Archive
Vacancy rates and supply key for retail markets, says C&W
Vacancy rates and supply - particularly shopping centre development - will be the most important drivers of retail property markets and performance in 2011, according to a new report 'European Retail - 10 Key Drivers for 2011' released by global consultant Cushman & Wakefield. The report, which was launched at ...
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PropertyEU Archive
Strabag takes part in development of Sochi
Austrian construction group Strabag is expanding its business in Russia with the acquisition of a 26% stake in a local developer and the signing of an agreement to develop hotels and apartments in the city of Sochi on the Black Sea coast.
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PropertyEU Archive
Trophy rents slow down retailers' European expansion: King Sturge
New retailers entering the market continue to have an unhealthy preoccupation with expensive 'trophy' locations even though the economic downturn has forced retailers across Europe to reappraise what constitutes an affordable rent, King Sturge has warned in a new report entitled 'European Retail Property 2011 - bumpy landings'.
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PropertyEU Archive
European markets hotting up: DTZ Fair Value Index
European property markets now offer more attractive returns to investors, with the latest all-property DTZ Fair Value Index (FVI) Q3 2010 score for Europe standing at 55, an increase from 49 in Q2. Although Europe is still less attractive than other markets globally, as revealed by the global FVI Q3 ...
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PropertyEU Archive
Wichford in early merger talks with Redefine Intl
UK real estate companies Wichford and Redefine International (RI) have confirmed they are in the early stages of merger talks. Both companies are listed on London's junior AIM market.
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PropertyEU Archive
Record transaction levels for French retail: Savills
Retail assets have accounted for 31.5% of total commercial investment in France since January 2010, according to property adviser Savills. This represents a record high volume of EUR 2.5 bn, up 247% compared to the same time period in 2009.
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PropertyEU Archive
Viveris Reim to launch two OPCIs for retail investors
French fund manager Viveris Reim said it intends to expand its fund management business with the launch of two Organisme de Placement Collectif en Immobilier (OPCI) vehicles for retail investors.
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PropertyEU Archive
Dutch retail investment hits EUR 1.5b
The property investment market in the Netherlands has seen a renewed focus on retail with EUR 1.5 bn invested to end Q3 this year, compared to EUR 1 bn throughout 2009. According to Savills, this focus on retail investment has returned earlier than forecast but is anticipated to remain ...
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PropertyEU Archive
LSP acquires UK distribution assets for EUR 144m
UK REIT London & Stamford Property (LSP) has announced the £123 mln (EUR 144 mln) acquisition of a prime distribution portfolio in the UK. The vendor is a subsidiary of European Property Investors Special Opportunities (EPISO), an opportunistic property fund co-advised by AEW Europe and Tristan Capital Partners.
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PropertyEU Archive
Invista acquires retail property for EUR 18m
Invista Real Estate Investment Management has acquired a retail property in Plymouth, UK on behalf of its clients for £15.65 mln (EUR 18.3 mln). The vendor is Prupim. The purchase price reflects an above average net initial yield of 7%.
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PropertyEU Archive
Global hotel investment up 60% y-o-y in Q3: JLL
The global hotel investment market experienced a strong first three quarters with transaction volumes reaching $12 bn (EUR 8.8 bn), a 60% increase over the same period in 2009, according to Jones Lang La Salle Hotels.
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PropertyEU Archive
Moor Park puts 48 Sabadell branches back on the market
ISC Freshwater Investment, advised by Moor Park Capital Investors, has mandated Aguirre Newman and Cushman & Wakefield to sell a portfolio of 48 Sabadell bank branches, Ivan Fernández-Valdes of Aguirre Newman told PropertyEU.
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PropertyEU Archive
Neinver showcases 7 projects at MAPIC
Neinver, a European company focussed on development, asset management and fund management, is showcasing seven new retail centre projects at 10th edition of the MAPIC international retail property fair in Cannes this week. Neinver's 2010-2012 projects comprise 166,800 m[sup]2[/sup] of new retail space spread across France, Spain, Portugal and Poland.
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PropertyEU Archive
Aberdeen confirrms high street acquisition in Germany
Aberdeen Asset Management has confirmed that one of its funds has acquired a portfolio of high street shop units from German listed investor DIC Asset. The EUR 29 mln transaction was first announced by DIC Asset in October, without naming the buyer.
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PropertyEU Archive
Spanish retail rents stable due to aggressive discounts: Savills
The aggressive pricing strategies of Spanish retailers has helped to stabilise rents, according to Savills. The international real estate advisor reports that primary rents for shopping centres are in the region of EUR 90 m2/month and retail parks at EUR 16 m2/month, which is consistent with 2009 levels.
