All Real Assets articles in Web Issue – Page 638
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PropertyEU Archive
Leg&Gen's new fund secures further ERU 136m of equity
Legal & General Property (LGP) announced on Friday that it has secured a further £117 mln (EUR 136 mln) of equity for its Income Property Fund from three corporate pension schemes, including a substantial commitment from the Michelin Pension Plan. The further investment brings its total commitments to nearly £180 ...
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PropertyEU Archive
Eurohypo's loss widens to EUR 785m in 2010
German real estate lender Eurohypo saw its pre-tax loss rise by over 50% in 2010 to as much as EUR 785 mln, mostly due to 'higher than expected loan loss provisions'. The figure compares to a pre-tax loss of EUR 515 mln in 2009.
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PropertyEU Archive
PropertyEU expands Who's Who 2011 with RICS members
The print edition of PropertyEU Who's Who 2011 is available this week with a larger number of listings of Europe´s leading investors, developers, advisers and financiers than in the previous year. This year's edition has undergone a number of major changes to make it even more accessible, comprehensive and user-friendly. ...
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PropertyEU Archive
Rockspring buys UK office portfolio for EUR 56m
Rockspring Property Investment Managers has acquired a portfolio of five office buildings from St Martins for a total consideration of nearly £48 mln (EUR 56 mln), reflecting a blended net initial yield of 8.81%.
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PropertyEU Archive
Partners Group awarded new investment mandate
Swiss investment manager Partners Group has been awarded a mandate for global real estate investments by the Swiss Investment Foundation Pensimo Management. This new investment programme focuses on value-added and opportunistic investment strategies in the private real estate market on a global basis.
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PropertyEU Archive
AXA RE to fund UK distribution centre development
AXA Real Estate Investment Managers (AXA Real Estate) is to forward fund the development of a distribution centre in Avonmouth, near Bristol, which has been pre-let to The Co-operative Group.
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PropertyEU Archive
Magnat to focus on Black Sea region
Frankfurt-based listed Magnat Real Estate said that it is narrowing its focus to three to four rapidly-growing core markets in Eastern Europe, from the nine currently being served. The company plans to concentrate on the Black Sea region, and in particular on Ukraine, Turkey and Georgia.
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PropertyEU Archive
North-south economic divide widens in Europe: Invista
Europe's economic recovery is gaining momentum but within the EU competitiveness is diverging, with northern Europe generally doing better than the south, according to the latest research report, produced by Invista Real Estate Investment Management. In order to readdress this, Invista says that reforms are urgently needed in some ...
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PropertyEU Archive
Dutch investors should look at Europe: SLI
Other European countries offer better opportunities at present for real estate investment than the Netherlands, according to Standard Life Investments (SLI).
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PropertyEU Archive
Mepham to join King Sturge investment team in Warsaw
Rory Mepham has been appointed by King Sturge as a director of the broker's investment department in Warsaw. Mepham graduated from the University of Reading with a BSc (Hons) in 2000 and then later in 2009 from Cranfield University with an MBA. He was also elected a member of the ...
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PropertyEU Archive
Gecina in talks to buy EUR 239m of nursing homes
French listed property group Gecina is in exclusive negotiations to buy a portfolio of 31 nursing homes, operated by Group DVD and Korian, for a total of EUR 239 mln. The transaction is expected to generate a net yield of 6.35%.
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PropertyEU Archive
KDD to invest EUR 371m in Sky Towers project
AIM-listed developer KDD Group has signed an agreement with engineering company Kyiv Zhytlo-Invest, the general contractor of its flagship Sky Towers office and hotel project in Kiev, for the development of the scheme involving construction costs of roughly $455 mln (EUR 331 mln).
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PropertyEU Archive
Henderson acquires Cambridge retail for EUR 39m
Henderson Global Investors has acquired Christ's Lane, a prime high street asset in Cambridge, from Land Securities, for £33. mln (almost EUR 39 mln), reflecting a 5.25% net initial yield. Henderson has acquired the asset on behalf of its German joint venture - Warburg-Henderson.
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PropertyEU Archive
Barrondo to manage EUR 4bn GE portfolio
GE Capital Real Estate has announced the promotion of Xabier Barrondo to Western Europe cluster leader and managing director for France. In this new position based in Paris, Barrondo will manage GE Capital Real Estate's EUR 4 bn regional portfolio and lead France, Spain and Italy with a direct oversight ...
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PropertyEU Archive
Goodman to develop logistics centre for Amazon in Germany
Goodman Group has signed a contract with Amazon, one of the world's leading online e-commerce providers, to develop an 110,000-m[sup]2[/sup] logistics centre in Rheinberg, near Duisburg in Germany. Amazon plans to create up to 1,000 long term jobs in Rheinberg.
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PropertyEU Archive
Bestseller Retailer to expand in Ireland
Bestseller Retailer Group has launched a search for 30 new stores across Ireland, a venture which will create over 200 jobs in the next 12-18 months and shows confidence in the Irish market, according to Savills. The international real estate advisor has been appointed by the Danish group, which ...
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PropertyEU Archive
Corio books strong increase in direct result
Amsterdam-listed Corio has booked a direct result of EUR 251 mln for 2010 up from EUR 218 mln the year before largely thanks to the EUR 1.3 bn pan-European portfolio acquisition from Multi Corporation last year. Europe's third largest shopping centre specialist saw its operational portfolio increase in value from ...
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PropertyEU Archive
Pramerica-Panattoni jv to build Stuttgart warehouse
Panattoni Europe, a leading developer of warehouse and logistics space, has begun to develop a new 16,400-m[sup]2[/sup] warehouse near Stuttgart, Germany as part of its new joint venture with Pramerica Real Estate Investors. The project is being built for Lakner Spedition und Logistik. Pramerica Real Estate Investors is the European ...
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PropertyEU Archive
Internos fund buys three retail centres in Germany
Internos Real Investors has made three acquisitions for its retail property fund, German Retail Partnership Fund I (GRP-1 Fund), bringing the total size of the vehicle to about EUR 178 mln.
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PropertyEU Archive
Opportunities move outside core markets: DTZ
Commercial property investment opportunities are moving outside core markets in Europe, according to property adviser DTZ. European property markets now offer relatively less attractive returns to investors than they did in Q3 2010, with the latest European all-property DTZ Fair Value Index Q4 2010 standing at 40, a decline from ...
