All Real Assets articles in Web Issue – Page 630
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PropertyEU Archive
European listed property books slight loss in January
European listed real estate as represented in the GPR 250 Europe Index ended January 1.3% higher. The returns for the individual European country indices were as follows:
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PropertyEU Archive
Gernan market bouyed by investment optimism: King Sturge
German real estate market players are facing the new year with plenty of optimism, according to King Sturge. Although sentiment in the industry had suffered a slight damper toward the end of last year, the survey-based Real Estate Climate of the monthly King Sturge Real Estate Economy Index returned a ...
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PropertyEU Archive
Strabag and ECE win tender to build Cologne project
The City of Cologne has selected a partnership of Austria's Strabag Real Estate and Germany's ECE Projektmanagement to develop the MesseCity project on a 54,000-m[sup]2[/sup] site between the Messe-Deutz railway station and the south entrance of the Cologne fair.
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PropertyEU Archive
Jones Lang LaSalle to participate at ULI conference in Paris
Jones Lang LaSalle will have a strong presence at the Urban Land Institute's (ULI) annual Europe conference to be held in Paris on 8 and 9 February 2011. Commenting on the firm's involvement at the conference, Shelley Frost, director corporate solutions at Jones Lang LaSalle, said: 'Now in its 15th ...
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PropertyEU Archive
Korea's NPS shifts to debt and higher risk
South Korea's National Pension Service (NPS) is planning to spend $1.5 bn (EUR 1.12 bn) in core-plus and opportunistic investments this year in a major shift of its strategy to higher risk acquisitions.
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PropertyEU Archive
Vastned Offices and NSI open merger talks
Amsterdam-listed real estate companies VastNed Offices/Industrial (VNOI) and Nieuwe Steen Investments (NSI) have formally begun merger negotiations. The talks come after the completion of a due-diligence procedure.
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PropertyEU Archive
Savills recruits in Munich
International real estate advisor Savills has recruited Frank Urfer as director and Dennis Fucek as a senior consultant in its Munich investment department. Both started with Savills in January 2011.
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PropertyEU Archive
CBRE sees double-digit profit and revenue growth
CB Richard Ellis Group, the world's leading real estate services company, said fourth-quarter adjusted profit rose 34% to $115.4 mln (EUR 84.9 mln) on revenue 27% higher at $1.65 bn. The better-than-expected performance lifted full-year profit, excluding selected charges, by 118% to $239.8 mln. Revenue increased 23% over the year ...
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PropertyEU Archive
Akkeron buys 10 UK hotels from administrators
Akkeron Hotels has completed the acquisition of 10 UK hotels from Begbies Traynor, the administrators of Butterfly Hotels and Crowne Hotels. The transaction will increase the number of hotels in the group to 36, employing 1,630 people and with a combined annual turnover of £57 mln (EUR 70 mln), cementing ...
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PropertyEU Archive
Invista sells Castle residential portfolio for EUR 115m
Invista Real Estate Investment Management has completed the sale of its entire interest in the Castle residential portfolio to Grainger for a gross sales price of £97.1 mln (EUR 115 mln), including £18.5 mln in cash. The transaction has been effected via the sale by Invista of 100% of the ...
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PropertyEU Archive
Q-parks takes over 14 parking facilities in London
International parking company Q-Park has won the bid to take over 14 car parks in the heart of London. Q-Park has been granted the 25-year lease by Westminster City Council, beating strong competition from across Europe.
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PropertyEU Archive
Global property derivatives volumes lowest since 2005: IPD
Property derivatives trading stripped back to a UK-only activity last quarter as France failed to record any trades in the shallowest three-month period in five years, according to the fourth-quarter IPD Global Property Derivatives Trading Volumes.
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PropertyEU Archive
Germany, Nordics and CEE top investor lists in 2011: CBRE
Turnover in the European real estate investment market totalled EUR 100 bn in 2010, representing a significant increase of 35% compared to 2009. This growth is expected to continue in 2011 at a rate of 10 to 15%, according to research released by CB Richard Ellis.
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PropertyEU Archive
Hochtief sells mall in Friedberg for EUR 22m
Hochtief Projektentwicklung has sold the new specialist retail mall and service centre on the Industrial Development West in the Hessian town of Friedberg to Hansainvest for EUR 22.3 mln. The overall development comprises two construction phases with combined rental space of just under 19,000 m2, most of which is already ...
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PropertyEU Archive
Generali, Predica buy Europe Avenue for EUR 400m
Insurance group Generali and Groupe Credit Agricole's Predica unit have acquired the Europe Avenue office complex at Avenue de l'Europe, Bois- Colombes in Hauts-de-Seine, France for around EUR 400 mln, reflecting a net yield of 6%. The property was bought on a 50/50 basis from Boston-based Beacon Capital Partners.
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PropertyEU Archive
IVG snaps up Milan trophy asset for EUR 45m
German listed property company IVG Immobilien has signed a preliminary agreement to buy a mixed-use building at Via Agnello 18 in the city centre of Milan for a value believed to be around EUR 45 mln, reliable market sources confirmed to PropertyEU.
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PropertyEU Archive
Alberto Gomez to head PM team at Savills Spain
International real estate advisor Savills has appointed Alberto Gómez as head of its property management department in Madrid. In addition, the team has been further strengthened by the recruitment of consultants Elena del Villar, Elena Pérez, Pedro de los Mozos and Miguel Rey.
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PropertyEU Archive
CBREI sells Brussels office building to SwissLife
CB Richard Ellis Investors (CBREI) has announced the sale of Renaissance, a 12,560-m[sup]2[/sup] real estate ensemble located at 135 Boulevard Emile Jacqmain Brussels to SwissLife France for an undisclosed amount. The property was bought from CB Richard Ellis Strategic Partners Europe Fund III, a pan-European investment fund managed by CBRE ...
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PropertyEU Archive
Delancey teams up with Oakmayne to buy London regeneration project
Real estate investor and advisory group Delancey has joined forces with local private residential builder Oakmayne Properties to buy Oakmayne Plaza, a cleared freehold site of just over 4,000 m[sup]2[/sup] in the Southwark borough of London, as part of a consensual deal with RBS.
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PropertyEU Archive
Grosvenor buys Provence Opera retail gallery in Paris
Grosvenor is continuing its strategy to expand in the French retail market with the acquisition of the Provence Opéra shopping gallery in the eigth and ninth arrondissement of Paris. The property, offering just over 2,000 m[sup]2[/sup] of space, was bought for EUR 23.5 mln on behalf of one of Grosvenor's ...
