All Real Assets articles in Web Issue – Page 642
-
PropertyEU Archive
Aerium buys German high street project for EUR 71m
European real estate fund manager Aerium has completed the purchase of a landmark high street retail development project in the city centre of Kiel, northern Germany for EUR 71 mln. It has also formed a joint venture with Matrix AG to undertake the development of the project.
-
PropertyEU Archive
APG: 'Mezzanine debt flavour of the year'
Investor interest in mezzanine debt has more than doubled in the past year, according to the latest Investor Intentions survey published by the European Association of Non-listed Real Estate Vehicles INREV.
-
PropertyEU Archive
MAGAZINE: Property profs put career before pay
Chartered surveyors between the ages of 25 and 30 working in the UK fund management, property asset management or property finance sectors are likely to be the best rewarded across Europe, according to the 2011 European RICS and Macdonald & Company Property Remuneration Survey published at MIPIM.
-
PropertyEU Archive
Dutch cities reveal winning formula at MIPIM
Aldermen from the cities of Rotterdam, The Hague and Utrecht as well as the director of Amsterdam's Zuidas business district will give a presentation at MIPIM on Wednesday 9 March on the theme 'Winning Cities - The Next Generation'. The event is being organised by PropertyEU and City Leaders, a ...
-
PropertyEU Archive
RICS hosts MIPIM conference on dense cities
The Royal Institution of Chartered Surveyors (RICS) is co-hosting a conference at MIPIM on Tuesday entitled 'Dense Cities: For better or for worse? How can risks be minimised and benefits maximised?'. With just over half the world's population living in urban areas and that percentage expected to rise to 70% ...
-
PropertyEU Archive
Dutch companies set tone for post-crisis shakeout
After a period of strong international expansion during the boom years, Dutch real estate companies are now playing a dominant role in the reshaping of the European property industry. That is the key message of PropertyEU editor in chief Judi Seebus' presentation at MIPIM on Tuesday during Gateway Netherlands in ...
-
PropertyEU Archive
Corporates shift from cost concerns to smart growth: JLL/Thomson Reuters
As the corporate operating environment around the globe hardened over the last 36 months, companies have moved from a focus on cost control to a higher demand for maximum productivity and smart growth, according to the inaugural Jones Lang LaSalle and Thomson Reuters' Corporate Real Estate Global Survey. According to ...
-
PropertyEU Archive
MAGAZINE: Torsten Knapmeyer of Deka Immobilien
For Torsten Knapmeyer, managing director of fund management and product development at Deka Immobilien and its sister investment company WestInvest, the year has got off to a good start. With a EUR 250 mln acquisition already under its belt, Deka Immobilien is fast cementing its reputation as one of the ...
-
PropertyEU Archive
Swedish property delivers double-digit total returns: IPD
Sweden's real estate market returned to double-digit annual total returns (10.4%) in 2010, driven by a comeback of capital appreciation after a -11.4% two-year fall in values, according to the IPD Sweden Annual Property Index.
-
PropertyEU Archive
Sonae Sierra to manage Plaza Éboli and El Rosal malls
Shopping centre specialist Sonae Sierra has signed an agreement with Doughty Hanson & Co Real Estate, the new owner of Plaza Éboli in Pinto, Madrid and El Rosal in Ponferrada, León to manage the two shopping centres for the next four years with the objective of increasing the value of ...
-
PropertyEU Archive
Zorlu Property promotes projects at MIPIM
Turkish group Zorlu Property is promoting its Zorlu Center and Zorlu Levent projects at the MIPIM real estate fair in Cannes this week. In addition the Zorlu Center project, for which 'adding value' to Istanbul as a priority, takes centre stage at the opening gala of MIPIM 2011 on Tuesday, ...
-
PropertyEU Archive
AXA completes 20 Gresham Street deal in London
AXA Real Estate Investment Managers (AXA REIM) has completed the acquisition of 20 Gresham Street, a 22,300 m[sup]2[/sup] fully let office scheme in the City of London from UK group Hermes.
-
PropertyEU Archive
Prelios sees losses narrow in 2010, targets further sales
Italian real estate services group Prelios said it posted a net loss of EUR 95 mln in the course of last year, mostly as a result of over EUR 77 mln in property writedowns and EUR 21 mln of restructuring costs. The figure compares to a loss of EUR 104 ...
-
PropertyEU Archive
European investment to increase by 30% in 2011: JLL
Jones Lang LaSalle (JLL) expects direct investment in commercial real estate in Europe in 2011 to rise by up to 30% on 2010 figures, when the market transacted EUR 102 bn. According to JLL's European Capital Markets Bulletin, which is due to be published shortly, liquidity has returned to ...
-
PropertyEU Archive
Carrefour to spin off 25% of property arm
French hypermarket group Carrefour said its board has approved plans to list 25% of its real estate arm, Carrefour Property, on the stock exchange and to spin off its Dia discount chain.
-
PropertyEU Archive
HGI swaps £40m of London assets with Royal London AM
Henderson Global Investors (HGI) has exchanged its interest in 12-13 Henrietta Street with Royal London Asset Management (RLAM)'s stake in Bishops Court, Artillery Lane. A balancing payment will be made by RLAM to HGI upon completion.
-
PropertyEU Archive
WDP to acquire Dutch logistics assets for EUR 42m
Belgian closed-end investment fund WDP has signed a letter of intent with Wereldhave to acquire a logistics portfolio in the Netherlands for EUR 42 mln. The acquisition, which is subject to a number of conditions, covers six logistics sites, five of which leased to DHL Express with an average of ...
-
PropertyEU Archive
Carlyle sells business park near Hamburg for EUR 70m
Berlin-based commercial real estate company Beos has acquired the Wilhelm-Bergner-Straße business park near Hamburg from Carlyle for around EUR 70 mln. The purchase - which was financed by a loan provided by DG Hyp - is earmarked for an unnamed international investor group.
-
PropertyEU Archive
Lords LB acquires Tallinn office building
Baltic investment manager Lords LB Asset Management has purchased the remaining 50% it did not own in Focus Kinnisvara OSA, the owner of the EUR 20 mln Metro Plaza office building in Tallinn, Estonia for an undisclosed amount. The vendor is Pedragon Investments, a subsidiary of Metro Baltic Horizons.
-
PropertyEU Archive
Union Investment adds to Italian shopping centre portfolio
Union Investment Real Estate has added another Italian property to its EUR 4.5 bn international retail portfolio. The Hamburg-based property fund manager has acquired the 9,830 m[sup]2[/sup] retail gallery of the Casal Bertone shopping centre in Rome for around EUR 48 mln from Italian project developer Immobiliare Europea.
