All Real Assets articles in Web Issue – Page 641
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PropertyEU Archive
MAGAZINE: CPI continues Spanish spree
Continental Property Investments (CPI) has clinched the purchase of an office building at Calle Serrano in the Spanish capital from Grupo Foxá for around EUR 22 mln, Francisco Pleguezuelos, head of CPI's investments in Spain, told PropertyEU in an interview.
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PropertyEU Archive
Savills France strengthens valuation team
International real estate advisor Savills has appointed Florence Leibovitch-Neu to join its French valuation department in Paris as a director. Leibovitch-Neu has 12 years experience in the industry, having previously worked at BNP Paribas Real Estate Valuation as director of the international department and prior to that she spent seven ...
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PropertyEU Archive
Resolution launches EUR 1b acquisition drive
Resolution Property is to launch a EUR 1 bn investment programme focused on providing equity to unlock added-value investment opportunities and developments in the UK and Continental Europe that have stalled due to the constrained supply of bank finance.
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PropertyEU Archive
Steen & Strøm acquires Odense mall for EUR 31m
Scandinavian shopping centre group Steen & Strøm has signed an agreement to acquire a 40,000-m[sup]2[/sup] shopping centre and 18,000-m[sup]2[/sup] commercial property in Odense, Denmark for DKK 230 mln (almost EUR 31 mln). The vendor is a subsidiary of listed Danish property company Fornebu Utvikling (FBU). A separate offer for the ...
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PropertyEU Archive
BNP Paribas RE reports 79% growth in net profit
BNP Paribas Real Estate has said 2010 was a 'great' year for the company, with growth of 79% in net profit to EUR 139 mln. Turnover was up 17% at EUR 618 mln, generatomg an operating profit of EUR 141 mln, or an increase of 51% on 2009.
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PropertyEU Archive
Sveafastigheter acquires Ibis Hotel Malmö
Nordic private equity company Sveafastigheter has added another hotel to its third fund through the acquisition of the Ibis Hotel Malmö in Sweden from local property company Locellus for an undisclosed amount. The acquisition is carried out through a joint venture together with hotel asset manager Midstar and the Cologne-based ...
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PropertyEU Archive
Alstria readies itself to seize opportunities
Alstria Office-REIT, the first real estate investment trust in Germany, has said it well positioned to seize opportunities it sees in the market. 'In the past two years we have successfully focused on strengthening our balance sheet and our operational platform. Today we are well positioned, having no legacy issue ...
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PropertyEU Archive
F&C REIT appoints new Irish property boss
F&C REIT has announced the appointment of Des Dennehy to the position of head of Property for Ireland following the retirement of Roger Mansfield at the end of March 2011.
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PropertyEU Archive
ING's Hendrikse chomps at the bit
After waiting almost 10 months for the final agreement and official announcement of the deal between CBRE Investors and ING REIM, Pieter Hendrikse has no time to idle.
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PropertyEU Archive
Sistema-Hals buys Hotel Peking in Moscow
Russian property company Sistema-Hals has announced the acquisition of 100% of the Hotel Peking located at the Central Administrative District of Moscow from local tourist company Intourist for an undisclosed amount. The scheme will be redeveloped as a hotel and office complex.
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PropertyEU Archive
CB-ING REIM deal may spark M&A wave
The tie-up between CB Richard Ellis Investors and ING REIM could mark the beginning of a new wave of consolidation, according to Timo Tschammler, managing director of DTZ Germany. 'I wouldn't be surprised if we saw more mergers between some of the German open-ended fund managers that are struggling ...
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PropertyEU Archive
Office occupancy costs to increase in Europe: DTZ
Average occupancy costs in Europe will grow 2% year-on-year to 2015, according to the fourteenth edition of DTZ’s annual Global Occupancy Costs: Offices survey. Rental increases will drive the forecast rise in occupancy costs across Europe. Other outgoings, such as property taxes and service charges, are also set to increase. ...
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PropertyEU Archive
Züblin sells Walter Meier HQ to Credit Suisse
Züblin Immobilien Holding has announced the sale of two properties in Switzerland for a total of CHF 78 mln (EUR 61 mln), a premium to the assets' market value at end-September 2010.
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PropertyEU Archive
C&W markets Ibis Karlin hotel in Prague
Cushman & Wakefield has been retained by Quinn Group to market the 3-star hotel Ibis located in Karlin, Prague. Originally opened in 1991, the freehold property offers 226 guest rooms in five different classifications. It is located on the edge of the historical city centre in one of Prague’s significant ...
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PropertyEU Archive
MIPIM: Investors to the fore
New Mipim director Filippo Rean tells PropertyEU that the fair is widening its offer to investors who are set to make a comeback. PropertyEU: What has changed in the 2011 edition compared to last year and how does this reflect overall real estate market conditions?
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PropertyEU Archive
Carlyle to pump EUR 1bn into German property
The Carlyle Group is to invest EUR 1 bn in German real estate over next 15 months, a spokesman has told PropertyEU. 'In Germany, we focus on offices in the 'Big 6' (which includes Frankfurt and Hamburg),' he said.
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PropertyEU Archive
BNP Paribas RE's turnover soars 17% in 2010
French real estate services group BNP Paribas Real Estate saw turnover rise by 17% to EUR 618 mln in 2010 compared to the previous year, with international activities accounting for 37% of the group's total business. Operating profit increased by 51% year-on-year to EUR 141 mln in the course of ...
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PropertyEU Archive
European real estate debt market to remain tight in 2011: CBRE
The European real estate debt market will continue to tighten over 2011 as lenders exercise caution and become even more selective in who they lend to, driven by a combination of both long- and short-term factors, according to CB Richard Ellis' (CBRE) latest European Capital Markets report.
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PropertyEU Archive
JLL identifies key retail investment trends of 2011
Jones Lang LaSalle (JLL) has released a new report entitled 'Outperforming in European Retail Capital Markets' which identifies six key trends that will shape the European retail investment market during 2011. The first trend highlighted is multi-speed market acceleration: as the polarisation in pricing between institutional and non-institutional retail ...
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PropertyEU Archive
Hannover Leasing acquires Rotterdam office property for EUR 52m
Hannover Leasing has purchased the Blaak8 office development project in the heart of Rotterdam from developer Kroonenberg Groep for EUR 52 mln.
