All Real Assets articles in Web Issue – Page 608
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PropertyEU Archive
Newsec launches brand in Baltics
Nordic property advisor Newsec announced this week that Re&Solution, its fully integrated operations in the Baltic region, has now been rebranded to Newsec. Following the move, Newsec becomes the master brand for six countries including Estonia, Latvia, Lithuania, Finland, Sweden and Norway. Newsec acquired additional shares in Re&Solution last year.
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PropertyEU Archive
Stable builds outlet center near Leipzig
Stable International is to develop a 10,000-m[sup]2[/sup] factor outlet centre at Saksen near the German city of Leipzig. The project will involve an investment of about EUR 50 mln. Construction is scheduled to start in April 2011 with the opening planned in 2012.
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PropertyEU Archive
Commerz Real buys logistics properties in Germany, France
German open-ended fund manager Commerz Real has acquired two logistics properties for one of its institutional funds for a total of EUR 55 mln. This brings the total to approximately EUR 430 mln. The portfolio now includes 21 logistics properties, located in Germany, France, Italy and the Benelux countries.
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PropertyEU Archive
CBRE opens three new offices in France
CB Richard Ellis is strengthening its position in the French real estate market with the opening of three offices in the cities of Nantes, Tours and Blois. In a statement, the broker said that the new openings bring the total number of CBRE offices in French regions to 28.
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PropertyEU Archive
CEO Corio Netherlands steps down
John van Haaren, CEO of Corio Netherlands has resigned from the company due to differences in opinion regarding Corio Nederland's strategy.
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PropertyEU Archive
Colliers International expands into Kazakhstan
Colliers International has expanded its services into Kazakhstan with the opening of an office in Almaty, the largest city in the country. The business will be led by Bayan Kuatova, who brings a depth of local market experience with Jones Lang Lasalle and more recently with Locum Consulting since ...
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PropertyEU Archive
Sentiment darkens in Germany: King Sturge
The ongoing debt crisis in the Eurozone does not seem to have impacted the sentiment in the German real estate industry, accordiong to Kin gSturge.
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PropertyEU Archive
LC Waikiki enters the Polish retail market
Turkish clothing retail LC Waikiki has chosen Jones Lang LaSalle to act as its exclusive real estate advisor in the process of the search and acquisition of its first stores in Poland. LC Waikiki plans to set up several stores of approximately 1,500 m[sup]2[/sup] in the most popular, well located ...
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PropertyEU Archive
Nepi buys Bucharest business park for EUR 102m
New Europe Property Investment (NEPI), through its wholly-owned subsidiaries NE Property Cooperatief and New Europe Property, has concluded an agreement for the acquisition of 100% of Ingen Europe, the owner of the 36,000-m[sup]2[/sup] Floreasca business park in Bucharest, Romania.
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PropertyEU Archive
ING REIM bets on retail and offices in Europe over next 3-5 years
ING Real Estate Investment Management expects the continued economic recovery in much of Northern and Western Europe to generate high single-digit returns for real estate investors over the next three to five years, particularly in the retail sector, but increasingly also in office markets.
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PropertyEU Archive
Ærium sells 40 Portman Square in London
European Fund Manager Ærium has completed the sale of 40 Portman Square in London's West End for £181 mln (EUR 213 mln), reflecting a net initial yield of 5.57. The transaction marks one of the largest office deals in the West End market in 2010.
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PropertyEU Archive
NREP sells seven retail properties to Kungsleden for EUR 60m
Nordic Real Estate Partners (NREP) has secured an exit on its NREP Retail Fund 1 by selling seven retail properties to Kungsleden Nordic Real Estate Partners (NREP) for SEK 540 mln (EUR 59 mln). In total, the NREP Retail Fund 1 has produced an IRR well above 50% for its ...
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PropertyEU Archive
Cushman & Wakefield in Kazach alliance
Cushman & Wakefield, the global property consultant, has named Veritas Brown as its new alliance partner in Kazakhstan. Veritas Brown is one of the largest and leading providers of real estate services in the Kazakh real estate market and now has around 30 employees operating from offices in Almaty, ...
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PropertyEU Archive
Deka Immobilien invests in Australia
Deka Immobilien has acquired the South Wharf Office Tower in Melbourne for approximately EUR 85 mln. The property forms the office tower component within the landmark Melbourne Convention and Exhibition Precinct, which also situates the new Hilton Hotel and a recently completed retail arcade.
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PropertyEU Archive
Turin mayor urges UK investors to back regeneration plans
Turin's mayor Sergio Chiamparino unveiled plans last week in London for a new central business district for the Italian city and urged developers and financiers to get involved.
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PropertyEU Archive
BNP Paribas buys Kings Cross development
BNP Paribas Real Estate has signed an agreement with Kings Cross Central Limited Partnership to purchase a site at Kings Cross, paving the way for its first office development in the UK. The property advisory arm of French bank BNP Paribas plans to build a 40,000 m[sup]2[/sup] office building at ...
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PropertyEU Archive
RREEF gets mandate for Calpers' European industrial portfolio
US pension fund Calpers has mandated RREEF, the asset management vehicle of Deutsche Bank, to manage its $60 mln (EUR 45.3 mln) European industrial portfolio. The move follows Calpers' ousting of LaSalle Investment Management as manager of its portfolio of warehouse and distribution centres in the US and Europe.
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PropertyEU Archive
Schäfer-Surén to head new hotel/leisure unit at Internos
Internos Real Investors, the EUR 1.5 bn owner-managed real estate fund management firm, has announced the appointment of Jochen Schäfer-Surén as partner and head of Internos’ Hotel and Leisure Division, with effect from 1 January 2011. He will also join Internos’ Executive and Investment Committees.
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PropertyEU Archive
Sveafastigheter jv snaps up 14 Accor hotels in Sweden
Nordic real estate private equity house Sveafastigheter has made the first acquisition for its Fund III with the purchase of Accor Hotels Sweden, the owner of 14 hotel properties and 18 hotel operations in Sweden.
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PropertyEU Archive
Fabege sells non-core properties for EUR 148m
Swedish listed real estate company Fabege has divested 16 properties for SEK 1.3 bn (about EUR 148 mln). The buyer is local investor Profi Fastigheter II.
