All Real Assets articles in Web Issue – Page 609
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PropertyEU Archive
ING REIM warns of 'double dip' risk in 2011
ING REIM is not ruling out the possibility of a double dip recession in 2011 if a number of risks to the incipient economic recovery materialise. The main risk is deleveraging, the fund manager writes in its Global Vision 2011 report published on Friday.
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PropertyEU Archive
Wereldhave acquires 5 Belgian projects from ING RED
Amsterdam-listed company Wereldhave has reached agreement with ING Real Estate Development on the acquisition of the largest part of ING's Belgian development portfolio. The agreement includes the transfer of employees of ING Real Estate Development in Belgium to Wereldhave Belgium.
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PropertyEU Archive
Cordea Savills buys London scheme for EUR 63m
Cordea Savills European Commercial Fund has exchanged contracts with AIM-listed Terrace Hill Group to acquire 129 Wilton Road in Victoria, London. The investment volume of £53.5 mln (EUR 63 mln) reflects a net initial yield of 5.78%.
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PropertyEU Archive
Sonae Sierra appoints JLL to market Gli Orsi mall
Portuguese shopping centre group Sonae Sierra has mandated Jones Lang LaSalle to market its Gli Orsi shopping centre in Biella, Northern Italy, starting from January. The scheme, which represents an investment for Sonae Sierra of roughly EUR 102 mln, consists of 41,000 m[sup]2[/sup] of retail space across 100 shops and ...
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PropertyEU Archive
Savills appoints European CEO
International real estate adviser Savills has announced the appointment of Borja Sierra as CEO for its business in Continental Europe. He will work with existing European chairman, Simon Hope.
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PropertyEU Archive
UK pooled funds perform strongly: Aref
The Association of Real Estate Funds (AREF)'s Investment Quarterly (IQ) for Q3 2010 today reveals a net asset value of £31.5 bn (EUR 37 bn) for UK unlisted pooled property funds (PPFs), up £10 bn on this time last year. Excellent performance and significant net inflows account for this ...
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PropertyEU Archive
Aurelius buys five hotels in Germany
Munich-based Aurelius Holding has acquired five hotel properties in Germany for its subsidiary Ghotel for an undisclosed price. The seller is the German housing group Deutsche Annington.
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PropertyEU Archive
IVG deal marks start of fund consolidation in CEE
Industry watchers expect to see more consolidation of property investment funds in Austria and the rest of Central and Eastern Europe following IVG Immobilien's takeover of Vienna-based Hypo Real Invest earlier this week for an undisclosed sum.
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PropertyEU Archive
Percassi's Sicilia Fashion Village opens its doors
Italian developer Gruppo Percassi has announced the opening of Sicilia Fashion Village, the largest retail outlet centre of Southern Italy and the first one on the island of Sicily. The development company said that the scheme represents a total investment of EUR 120 mln and offers around 25,000 m[sup]2[/sup] of ...
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PropertyEU Archive
Prologis completes 123,000 m[sup]2[/sup] of leasing in Southern Europe
Euronext-listed Prologis European Properties has completed four new lease agreements and three lease renewals, totalling 123,500 m[sup]2[/sup] of distribution space, in France and Italy.
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PropertyEU Archive
CA Immo begins construction of Bratislava Business Center 1 Plus
CA Immo starts construction work on the new office complex called Bratislava Business Center 1 Plus (BBC 1 Plus). The centre is located centrally in the Bratislava Business District and will comprise 13-storeys with a rentable effective area of some 15,900 m[sup]2[/sup] and 313 indoor parking places.
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PropertyEU Archive
Fonsai sells EUR 168m of assets in Milan
Italian financial services group Fondiaria-Sai (Fonsai) has agreed to sell Crivelli srl, the owner of an office building in Milan to Unicredit Real Estate. The transaction volume comes to around EUR 63.5 mln, releasing capital gains of EUR 13 mln for Fonsai.
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PropertyEU Archive
BNP Paribas REIM invests EUR 300m during 2010
BNP Paribas Real Estate Investment Management (REIM) has completed roughly EUR 300 mln worth of transactions on behalf of its funds in the first 11 months of the year. This is a 35% increase on the investment volume of EUR 222 mln in the same period a year before.
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PropertyEU Archive
Episo agrees EUR 300m Czech logistic parks deal
European Property Investors Special Opportunities fund (Episo) has agreed in principle to acquire an 80% interest in six logistics complexes owned by CEE industrial property specialist VGP in the Prague region.
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PropertyEU Archive
Banimmo finalizes a new acquisition in France
Euronext-listed property company Banimmo finalized on December 3rd a new acquisition in the retail segment in France for EUR 12.6 mln. The acquisition relates to 2 units of 12,000 m² that are part of a retail center in Ile-de-France. The return of this acquisition (costs included) amounts to 11.5% and ...
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PropertyEU Archive
AG RE signs development contract for Thales HQ in France
AG Real Estate, formerly known as Fortis Real Estate, has signed a contract with Toulouse-based construction company GA for the construction of the future headquarters of Thales in the Carré 92 business park in Gennevilliers, France. The project, representing a total investment of EUR 145 mln, is currently one of ...
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PropertyEU Archive
Savills Hamburg continues office agency expansion
Savills Immobilienhas appointed Alexander von Bülow as senior consultant in office agency at its Hamburg office. This is the team’s second recruitment within a month following the arrival of Sebastian Peters who joined the Hamburg office in November.
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PropertyEU Archive
Marc Mogull appointed as new chair of ULI UK
The Urban Land Institute (ULI) announced on Tuesday that Marc Mogull, founder and managing partner of Benson Elliot Capital Management, has been appointed as chairman of ULI's United Kingdom National Council. The appointment is effective from 1 January 2011.
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PropertyEU Archive
ING REIM: regulatory reforms may constrain bank lending
Europe faces a daunting number of regulatory reforms and measures over the next three years which could help stifle bank lending to property, Tim Bellman, global head of research at ING REIM, said in an interview with PropertyEU.
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PropertyEU Archive
Hanseatic to launch first closed-end fund for retail investors
Germany's Hanseatic Group is launching its first closed-end investment vehicle for retail investors which will focus on discount stores and retail parks designed and developed by its parent company.
