All Real Assets articles in Web Issue – Page 635
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PropertyEU Archive
REO sells Dublin's tallest office building for EUR 100m
Real Estate Opportunities (REO) has agreed the sale of Montevetro - the tallest commercial office building in Dublin - to Internet giant Google for nearly EUR 100 mln in cash. Completion of the transaction is expected in the near future.
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PropertyEU Archive
SNS books EUR 790m write-down on property finance unit
Bancassurer SNS Reaal booked a net loss of EUR 225 mln in 2010 following a write-down totalling EUR 790 mln on its Property Finance division. In 2009, the group booked a profit of EUR 17 mln.
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PropertyEU Archive
ING REIM buys EUR 82m mall in Stockholm
ING Real Estate Investment Management (ING REIM) has completed the first acquisition on behalf of its European Shopping Centre Fund (ESCF). The global property fund manager, which is being acquired by CBRE Investors - purchased Tyresö Centrum, Stockholm, Sweden for EUR 82 mln, reflecting an initial yield of 6.2%.
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PropertyEU Archive
HIH announces two acquisitions in Germany
Hamburgische Immobilien Handlung (HIH) has announced the acquisition of the Portal 10 office building in Munster, northern Germany for a spezialfonds issued by Warburg-Henderson KAG. The property was acquired from Hochtief Project Development for an undisclosed double-digit figure.
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PropertyEU Archive
Integrale, Ogeo Fund bags Antwerp scheme
Belgian insurance group Integrale has joined forces with pension fund Ogeo to acquire the Copernicus office complex in the centre of Antwerp for an undisclosed amount.
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PropertyEU Archive
Viveris REIM to revamp Versailles building
French real estate investment manager Viveris REIM has signed a forward leasing agreement with Blizzard, a developer and publisher of entertainment software, for the Versailles Turgot office building located at Yves le Coz in Versailles, Paris.
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PropertyEU Archive
Europa Capital enters Bulgaria with Plovdiv park buy
Europa Capital has entered into an agreement to acquire Retail Park Plovdiv in Bulgaria from Landmark Property Management for around EUR 20 mln. The transaction - the first by Europa Capital in Bulgaria - was completed on behalf of the company's Europa Emerging Europe Fund.
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PropertyEU Archive
Demand for commercial property improves in Europe
As occupier demand for commercial property gained momentum across most European markets during the last quarter of 2010, rents are expected to improve in the coming months, according to the latest RICS Global Commercial Property Survey.
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PropertyEU Archive
Swedish investors favour home market: INREV
Institutional investors in Sweden show a marked preference for the domestic market in their real estate investments, according to INREV's Investor Universe Sweden Survey 2011.
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PropertyEU Archive
Corio books EUR 376m profit in 2010
Pan-European retail real estate specialist Corio saw a strong improvement in its financial performance last year. The Amsterdam-listed company reported a net profit of EUR 375.7 mln or EUR 4.31 per share. This compares to a negative EUR 131.9 mln (-EUR 1.83 per share) a year earlier.
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PropertyEU Archive
Bucharest's City Mall to be auctioned for EUR 33m
Casa de Insolventã Transilvania, administrator of the City Mall scheme in Bucharest, has announced that the asset is to be auctioned on 31 March with a starting price of EUR 33 mln.
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PropertyEU Archive
Rental uncertainty halts EUR 350m Dublin mall deal
The struggling Irish real estate market has been dealt a new blow by the collapse of the sale of the country's largest shopping centre. Aviva Investors confirmed on Friday that negotiations to sell the 44,000-m[sup]2[/sup] Liffey Valley centre to F&C REIT and Area Property Partners have been halted.
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PropertyEU Archive
Abercrombie and Fitch come to Dublin
Major US fashion and lifestyle retailer Abercrombie and Fitch is to open its first store in Dublin. The fashion giant's latest European store will be located at 34 College Green, a former banking hall building, in the Irish capital's city centre.
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PropertyEU Archive
Cauët to head retail unit at Affine
Pierre-Emmanuel Cauët has been appointed head of retail assets at French listed property group Affine. The company manages, for its account or that of French SIIC AffiParis, a portfolio of 87 buildings with an estimated value of EUR 822.3 mln. The portfolio comprises 668,000 m[sup]2[/sup] in France, including 17% of ...
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PropertyEU Archive
First Atlantic to launch fund for Banca Marche
First Atlantic Real Estate has reached an agreement with Banca delle Marche to set up a real estate fund which will own the majority of the Italian lender's network of branches and office buildings, CEO Daniel Buaron told PropertyEU in an exclusive interview.
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PropertyEU Archive
Caelum gets green light for ParkLake Plaza in Bucharest
Ireland's Caelum Development has received a building permit for the Parklake Plaza shopping centre in Bucharest. Construction work is expected to start in July this year.
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PropertyEU Archive
FBU to sell commercial property holdings
Norwegian listed real estate company Fornebu Utvikling (FBU) has announced that it is to sell its commercial property interests in Fornebu, just outside Oslo. The divestment is part of the company's strategy to focus on residential development in Fornebu.
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PropertyEU Archive
Prologis seals development deal in Czech Republic
Global provider of distribution facilities Prologis has signed a new build-to-suit (BTS) development agreement totaling 22,400 m[sup]2[/sup] and with a total expected investment of $19.2 mln (EUR 14 mln).
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PropertyEU Archive
Keen to expand Rzeszow mall in Poland
Keen Property Partners Retail (KPP Retail) has announced that it is to expand Rzeszów Plaza shopping centre in Poland due to customer and tenant demand. As a result, the commercial space of the mall will increase by 5,000 m[sup]2[/sup] to a total 19,500 m[sup]2[/sup]. There will be around 15 new ...
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PropertyEU Archive
Hochtief's Rondio 1 receives LEED Gold cert
German construction-development group Hochtief has announced that its completed office scheme Rondo 1 in Warsaw is the first multi-tenant building in Europe to receive the LEED Gold certificate in the Existing Buildings category.
