All Real Assets articles in Web Issue – Page 645
-
PropertyEU Archive
MIPIM: Morgan Stanley tipped to sell Trianon in Frankfurt
Morgan Stanley Real Estate is likely to sell the Trianon office tower in Frankfurt in the next few months, reliable sources have told PropertyEU. The 70,000-m[sup]2[/sup] property is believed to have a book value of just EUR 471 mln, and is being sold as part of the liquidation of the ...
-
PropertyEU Archive
MIPIM: McAleer & Rushe puts London hotel on the market
McAleer & Rushe has launched the £200 mln (EUR 233 mln) sale of its W Hotel-led development on London's Leicester Square at the MIPIM trade fair in Cannes.
-
PropertyEU Archive
MIPIM: Open space deficit in London leads to £1.3b lost commercial value
A study by the Urban Land Institute and global design firm Gensler into the value of public open space reveals that businesses' desire to be located in close proximity to open spaces could harvest £1.3 bn (EUR 1.5 bn) of investment for the creation of new public space in London. ...
-
PropertyEU Archive
MIPIM: Reviva Capital hits EUR 1.5b in AUM
Reviva Capital, the European non-core and distressed asset manager born out of the spin-off from Glitnir Bank, has achieved EUR 1.5 bn of assets under management in less than one year of trading, the company announced during the MIPIM trade fair in Cannes. These assets involve over 400 individual loan ...
-
PropertyEU Archive
MIPIM: NCRC seeks partners for EUR 11b of resort projects
Northern Caucasus Resorts Company (NCRC) is looking for developers and co-investors for $15 bn (EUR 11 bn) worth of alpine ski resort projects in the Russian region, Director General Alexey Nevskiy told MIPIM delegates on Thursday.
-
PropertyEU Archive
Berlin Hyp's 2010 results best in five years
German lender Berlin Hyp posted a 13% increase in pre-tax profit to EUR 88.5 mln in 2010, achieving its best result in the last five years largely thanks to increased net interest and commission income, reduced provision requirements in the lending business and a successful expansion of new real estate ...
-
PropertyEU Archive
Sonae Sierra swings back to profit in 2010
International shopping centre specialist Sonae Sierra reported a net profit of EUR 8.7 mln in 2010 compared to a loss of EUR 111 mln in 2009. The turnaround was mostly a result of lower yield compression and the resilience and increased operational efficiency of the group's assets.
-
PropertyEU Archive
Aberdeen appointed to manage EUR 537m portfolio in Nordics
Aberdeen Asset Management has been appointed to manage a Nordic property portfolio worth EUR 537 mln. The portfolio properties are mainly located in Denmark, Sweden and Finland and consist of retail and residential properties. The portfolio was previously managed by Danish property asset manager, Property Group.
-
PropertyEU Archive
LaSalle secures EUR 800m for European spending spree
LaSalle Investment Management (LaSalle) has secured a fully discretionary separate account with a major European institutional investor, bringing the total new capital raised this year to EUR 800 mln.
-
PropertyEU Archive
WealthCap buys in Hamburg and Hanover for EUR 84m
German asset manager WealthCap has announced the acquisition of two office properties in Hamburg and Hanover from TUI Beteiligungs and TUI for over EUR 83 mln. The assets provide a total area of nearly 55,000 m2, and around 900 parking spaces.
-
PropertyEU Archive
MIPIM: BNP Paribas RE unveils development plans in Paris, London
BNP Paribas Real Estate unveiled details on Thursday for the development of the Indochine mixed-use project located in the 19th district of Paris, near the new T3 tramway station due for completion by 2012.
-
PropertyEU Archive
HGI, McArthurGlen in Neumünster shopping centre JV
International fund manager Henderson Global Investors (HGI) has entered into a joint venture agreement with McArthurGlen, Europe's leading developer, owner and manager of designer outlet villages, for the development of the Designer Outlet centre in Neumünster, near Hamburg. The partnership was signed on behalf of HGI's EUR 1.5 bn European ...
-
PropertyEU Archive
MIPIM: French shopping centres rank first for investors: Savills
France tops the list of preferred shopping centre investment locations in Europe for investors, according to a new research report issued by Savills in partnership with Oxford Economics. The report ranks France as the premier investment destination followed by Germany, UK, Belgium and Poland.
-
PropertyEU Archive
MIPIM: Westfield to open Stratford city project in September
Australian shopping centre group Westfield has announced plans to open its £1.45 bn (EUR 1.7 bn) Westfield Stratford City project within the next six months. In a statement during the MIPIM trade fair in Cannes, Westfield said the centre - encompassing 1.9 million sq ft (176,000 m2) of retail and ...
-
PropertyEU Archive
INREV introduces new fund styles classification
The European Association of Investors in Non-Listed Funds (INREV) has developed a new funds style classification based on 'bundles of risks' which is aimed at introducing a workable, robust and enduring classification for the non-listed real estate funds industry. The move represents an important development for the non-listed funds sector, ...
-
PropertyEU Archive
France's highest court restores Coeur Defense's creditor protection
The Cour de Cassation, France's highest appeals court, has overturned an earlier decision by a lower court against an extension of the protection plan proposed by the owners of Paris skyscraper Coeur Defense.
-
PropertyEU Archive
MIPIM: Edinburgh signs hotel deal with Motel One
The city of Edinburgh confirmed on Thursday during the MIPIM trade fair in Cannes that a deal will be signed with the European family hotel chain Motel One for the development of a 208-room hotel in the heart of the city.
-
PropertyEU Archive
MAGAZINE: Hines sees global financing shift to lower-risk resi
US privately owned investor-developer Hines expects to step up its exposure to residential development as a result of a global shift among capital providers to financing housing projects. ‘
-
PropertyEU Archive
MIPIM: Pramerica plans further value-add joint ventures
Pramerica Real Estate Investors is planning further joint ventures on the value-added side of the spectrum, the company's CEO for Europe Eric Adler told PropertyEU at the MIPIM fair in Cannes. Adler said the joint ventures would be of various types and would target smaller deals of less than EUR ...
-
PropertyEU Archive
Recovery under way in logistics market: King Sturge
Recovery is under way across Europe's major logistics and industrial markets, according to new research from property adviser King Sturge. The firm's latest European Logistics and Industrial Markets report provides an assessment of relevant macro economic trends and logistics and supply chain management dynamics, and includes commentary and analysis of ...
