All Real Assets articles in Web Issue – Page 622
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PropertyEU Archive
Auchan sells and leases back Italian HQ for EUR 63m
Italian REIT Beni Stabili has acquired Auchan's Italian headquarters in Assago Milanofiori, near Milan in a EUR 63 mln sale-and-leaseback transaction with the French retail group.
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PropertyEU Archive
ING talking to 'several parties' about REIM sale
Dutch financial group ING has said that it is in discussions with 'several parties on a possible sale of parts' of ING Real Estate Investment Management. These discussions, it said, are taking place within the context of an evaluation of the position of the property fund management business within ING's ...
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PropertyEU Archive
Chinese Estates acquires Goldman Sachs' London HQ
Chinese Estates has acquired River Court, the larger of the two buildings which make up Goldman Sachs' European headquarters on Fleet Street in the City of London. The Hong Kong-listed property group run by billionaire Joseph Lau paid about £280 mln (EUR 334 mln), reflecting a net initial yield of ...
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PropertyEU Archive
Valad names Clem Salwin as acting CEO
Sydney-listed Valad Property Group has appointed Clem Salwin as acting CEO with immediate effect. The appointment follows the receipt of an indicative, incomplete offer in mid-December for Valad's European business from a consortium of Valad management personnel, including managing director Peter Hurley. As a result of his involvement in the ...
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PropertyEU Archive
LaSalle appoints Martin Jochem as joint MD of German KAG
LaSalle Investment Management has announced the appointment of Martin Jochem as joint managing director of the newly licensed investment vehicle La Salle Kapitalanlagegesellschaft (LaSalle KAG) in Munich, Germany.
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PropertyEU Archive
Goddman sells buildings in Hampshire business park
Global property group Goodman has sold a number of buildings at its Solent Business Park, Fareham, Hampshire, to COIF Charities Property Fund for an undisclosed sum. The deal incorporates the sale of six adjacent buildings for a combined 5,600 m[sup]2[/sup] within the first phase of development on the 232,000-m[sup]2[/sup] park. ...
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PropertyEU Archive
UK property returns 14.5% over 2010, says IPD
UK commercial property delivered a 14.5% total return last year - the strongest return for four years, according to the IPD UK Monthly Index. In 2009, the total return was 2.2%.
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PropertyEU Archive
Reyal Urbis sells Madrid hotel for EUR 23m
Spanish property company Reyal Urbis has announced the sale of its 83% stake in the Tryp Ambassador hotel in the centre of Madrid for around EUR 23 mln, including nearly EUR 19 mln of net equity. The buyer is Caixa Renting, part of financial group La Caixa.
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PropertyEU Archive
Schroders secures new EUR 275m loan for Welput
UK investment manager Schroders said it has secured a new £230 mln (EUR 275 mln) five-year debt facility for its West End of London Property Unit Trust (Welput). The facility was jointly provided by lenders Deutsche Bank and Eurohypo.
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PropertyEU Archive
Aggressive bidding pushes up volumes in Q4: CBRE
Just under EUR 36 bn was transacted in the Europe commercial real estate investment market during the fourth quarter (Q4) of 2010, according to the latest data by CB Richard Ellis (CBRE).
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PropertyEU Archive
Rockspring acquires UK projects
European investment manager Rockspring has acquired Centurion House, a speculative redevelopment scheme in the City of London for over £22 mln (EUR 26 mln). The purchase is earmarked for Rockspring's UK Value Fund.
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PropertyEU Archive
JLL appoints Agnieszka Sosnowska to Warsaw office
Jones Lang LaSalle has announced the appointment of Agnieszka Sosnowska as Research Analyst to the Research & Consultancy department in the Warsaw office.
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PropertyEU Archive
Alvarez & Marsal appoints London directors
Alvarez & Marsal (A&M), the global independent professional services firm, is expanding its European real estate advisory capabilities in Europe with the appointment of London-based directors, Patrick Anderson and Caspar Vredenbregt. The professional services firm, which is dvising on the global restructuring of Lehman Brothers, said the appointments are a ...
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PropertyEU Archive
Weingarten appointed CEO of Grosvenor FM
Grosvenor has appointed Jeffrey Weingarten as CEO of the privately owned property group's fund management business. He succeeds Stuart Beevor as head of Grosvenor Fund Management (GFM) on 17 March.
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PropertyEU Archive
Salans appoints Dan Larkin to hospitality group
International law firm Salans has announced the appointment of an internationally recognised senior hospitality and real estate finance expert, Dan Larkin, as a partner in its Global Real Estate and Global Corporate Practice Groups. Based in Salans’ London office, Larkin will head the firm’s growing Global Hospitality Sector Group, which ...
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PropertyEU Archive
Emerging Asia leads in 'green' solutions
Emerging Asia leads the world in the implementation of sustainable real estate solutions finds the Q3 2010 RICS Global Property Sustainability Survey.
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PropertyEU Archive
Union Investment sells Whitefriars to exploit demand for core assets in London
Hamburg-based Union Investment Real Estate has sold the Whitefriars office building in London to the Employee Provident Fund of Malaysia (EPF) for around £148 mln (EUR 176 mln).
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PropertyEU Archive
Roman Menzel joins Bouwfonds REIM
Roman Menzel has joined Bouwfonds REIM Germany as Head of Private Clients effective 1 January. He will primarily be responsible for the closed-end real estate fund business, with a focus on residential and office real estate.
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PropertyEU Archive
Invesco starts buying for UK fund
Invesco Real Estate (IRE), the international property investment manager, has completed the first acquisition for its third UK fund of a retail property in Bromley, South-East London for £17.05 mln (EUR 20 mln). The property is predominantly let as a department store to British Home Stores, with an office component ...
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PropertyEU Archive
European prime yields edge down: CBRE
The pace of adjustment to European commercial property prime yields slowed in the fourth quarter of 2010, contrary to larger shifts in prime value measures seen in previous years. Prime yields continued to fall across the region, but the speed of movement has clearly slowed, marking a period of ...
