All Real Assets articles in Web Issue – Page 644
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PropertyEU Archive
Deka buys TK Maxx distribution centre for EUR 20m
Deka Immobilien has acquired a TK Maxx logistics centre in Bergheim, Germany, on behalf of a special real estate fund for EUR 20 mln. TK Maxx will use the facility to supply its branches in Germany and the Netherlands.
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PropertyEU Archive
MIPIM: Industrial investment up 28% at EUR 8b in 2010: JLL
European industrial real estate investment volumes soared by 28% to EUR 8 bn in 2010, mostly as a result of improved market fundamentals and heightened investor confidence, according to JLL's European Industrial Markets Spring 2011 research report published on Wednesday. However, overall growth in industrial investment activities was lower than ...
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PropertyEU Archive
German bank duo provides EUR 224m loan for HighLight Towers
German lender pbb Deutsche Pfandbriefbank and Unicredit's HypoVereinsbank unit have agreed with Bürozentrum Parkstadt München Schwabing to provide a EUR 224 mln loan for the refinancing of the HighLight Towers in Munich. Deutsche Pfandbriefbank provided the bulk of the loan.
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PropertyEU Archive
MIPIM: More than EUR 60 bn of equity targeting UK property: JLL
Jones Lang LaSalle estimates that in excess of £52 bn (EUR 60 bn) of equity is currently targeting the UK direct commercial real estate market; and that over 80% of this equity is focused on central London, predominantly offices. Jones Lang LaSalle also predicts that in 2011 Asian capital ...
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PropertyEU Archive
Aerium snaps up Bristol property for EUR 97m
European real estate fund manager Aerium has announced the acquisition of One Glass Wharf at Temple Quay Central in Bristol from administrators PwC for £83 mln (EUR 97 mln), representing a net initial yield of 6.84%.
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PropertyEU Archive
Acciona puts Barcelona shopping centre up for sale
Acciona Inmobiliaria, the real estate arm of energy group Acciona, is putting the Splau! shopping centre in Barcelona on the market less than a year after inaugurating the centre. The mall, which provides 54,000 m[sup]2[/sup] of gross retail space over 165 shops, represented an investment of around EUR 200 mln ...
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PropertyEU Archive
Administrators sell Haymarket building in London
The administrators of Rock Group have confirmed the sale of a Grade II listed building in Haymarket, London to a client of Cheval Properties for an undisclosed figure.
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PropertyEU Archive
Allfin gains control of mixed-use scheme in Brussels
Allfin Group has acquired 100% of the shares of the companies owning the piece of land located in the Leopold district of Brussels from O’Connor Property Group and a syndicate of private Irish investors.
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PropertyEU Archive
MAGAZINE: Sustainability alliance makes headway
The International Sustainability Alliance (ISA) is undergoing rapid growth as corporate players call on a transnational sustainability standard to evaluate and compare portfolio valuations and environmental performance for CRE reporting.
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PropertyEU Archive
Hines takes over fund management arm from Italy's Prima
The Italian fund management unit of US developer and investment manager Hines has acquired the real estate fund management arm of Prima Sgr as part of its plans to boost assets under management to over EUR 3 bn in the country by the end of the year. The deal is ...
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PropertyEU Archive
MIPIM: European investors shift attention to Germany and CEE, says CBRE
European investors have shown a clear strategic shift in their investment preferences in Europe in favour of Germany and Central and Eastern Europe (CEE) as the most attractive markets in which to purchase real estate in 2011, new research by CB Richard Ellis has revealed.
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PropertyEU Archive
MIPIM: Global capital turns back to US market, says JLL
The flow of global capital is headed back into US real estate as foreign investors seek to add prime domestic real estate to their ownership portfolios, according to new research issued by JLL. In 2010, inter-regional investment volumes in the Americas doubled between 2009 and 2010 from $14 bn in ...
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PropertyEU Archive
Rockspring clinches first buy for NPS in City of London
Rockspring Property Investment Managers has sealed the first acquisition on behalf of an investment fund of South Korea's National Pension Service. The UK investment manager, which last year received a pan-European core-plus mandate from NPS to invest EUR 900 mln across Europe, has bought 63 St Mary's Axe in east ...
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PropertyEU Archive
MIPIM: Dearth of debt finance and interest rates threaten recovery, says CBRE
European investors have identified the shortage of debt finance and the impact of rising interest rates and inflation as the greatest constraints to the European property market recovery in 2011, according to new research by CB Richard Ellis. This marks a significant change in investor sentiment compared to last year, ...
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PropertyEU Archive
New chair for EPF Energy & Environment Committee
The European Property Federation's Managing Committee has appointed Aart Hordijk as chairman of the EPF Energy & Environment Committee. Hordijk is managing director of the Real Estate Council of the Netherlands (ROZ), professor of real estate at Tilburg University and a member of the EPF Managing Committee.
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PropertyEU Archive
Codic and Icade redevelop office space near Paris
French property group Icade and Belgium's Codic are joining forces to redevelop 30,000 m[sup]2[/sup] of office space in downtown Saint Quentin en Yvelines, to the west of Paris.
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PropertyEU Archive
MIPIM: Occupiers market will drive performance: C&W
Global property investment markets are expected to continue recovering this year, according to Cushman & Wakefield's International Investment Atlas 2011. A rising level of investment activity will include a broader focus on emerging and second tier markets not just the core gateway cities which were the winners in 2010. The ...
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PropertyEU Archive
Delta Motor sells Finnish properties to Sveafastigheter
Delta Motor Group (Delta) has signed an agreement to divest a portfolio of 16 office properties located across Finland to a company co-owned by Sveafastigheter Fund III and Mattila & Saxen Property Partners. The purchase price amounts to EUR 42 mln.
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PropertyEU Archive
Echo Investment launches Galeria Olimpia development project
Polish real estate developer Echo Investment said it has received the building permit for the development of the Galeria Olimpia shopping and entertainment centre in Be³chatów, central Poland.
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PropertyEU Archive
MIPIM: Investors weigh into Swedish market: DTZ
The Swedish real estate market is experiencing strong interest from international investors as they seek to benefit from its occupational stability, strong rental growth and easy access to debt finance, DTZ Sweden’s head of investments Fredrik Lidjan told PropertyEU at the MIPIM fair in Cannes.
