All Real Assets articles in Web Issue – Page 646
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PropertyEU Archive
Atrium announces 1st large development on strong 2010 results
Shopping centre specialist Atrium European Real Estate has announced plans to launch its first major mall development since the onset of the financial crisis. In a statement to announce its full-year 2010 results, the company said it will commence construction of Lublin Felicity offering 70,000 m[sup]2[/sup] of retail space in ...
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PropertyEU Archive
Global real estate investment up 17% in 2011: DTZ
Around $329 bn (EUR 238 bn) of capital will be available for investment in global real estate in 2011, according to the latest 'Great Wall of Money' research report issued last week by DTZ. The figure represents a 17% increase on a previous estimate in mid-2010, mostly as a result ...
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PropertyEU Archive
AREF: UK unlisted pooled property funds raise £4.8b in 2010
UK unlisted pooled property funds (PPFs) raised £4.8 bn (EUR 5.5 bn) of new money in 2010, the highest figure since 2006, the Association of Real Estate Funds (AREF)'s Investment Quarterly revealed last week.
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PropertyEU Archive
Prime office rents to stabilise across Europe in 2011: Colliers
Prime rents are set to broadly stabilise in Europe this year with centres such as Berlin, London, Stockholm and Warsaw expected to be the top performers in terms of prime rental growth, according to a new research report issued by global consultant Colliers International.
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PropertyEU Archive
Reed Midem announces 2011 MIPIM award winners
Reed Midem, organiser of the MIPIM trade fair held in Cannes last week, has announced the winners of the MIPIM Awards 2010 in the six categories of Business Centres, Green Buildings, Hotels and Tourism Resorts, Refurbished Office Buildings, Residential Developments and the new category of Futura Projects. Some 100 real ...
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PropertyEU Archive
National Australia Bank buys 35% of Area Property Partners
National Australia Bank (NAB) has bought a 35% minority stake in private equity group Area Property Partners (Area) as part of a new strategic joint venture which will provide the US firm with significant funding to expand its real estate business.
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PropertyEU Archive
MIPIM sees visitor numbers rise 7%
The 22nd edition of MIPIM held in Cannes this week welcomed over 18,400 delegates, an increase of 7% year-on-year. The organisers claim that nearly 4,000 of the delegates were investors, marking a rise of 6% on last year's attendance.
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PropertyEU Archive
Solidiam buys office building in Eindhoven
Privately-owned asset manager Solidiam has signed the purchase agreement of a 12,000-m[sup]2[/sup] office building in Eindhoven, the Netherlands. The deal, which was signed during the MIPIM trade fair in Cannes, involves the Stadhuisplein 10 office property which is fully leased and generate a rental income of EUR 2.2 mln per ...
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PropertyEU Archive
Immofinanz buys Futureal's Gold Plaza mall in Romania
Hungarian developer and investor Futureal has announced the completion of the sale of the Gold Plaza Project shopping and entertainment centre in Baia Mare in the northwest of Romania to Austria's Immofinanz.
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PropertyEU Archive
Hansteen enters the EPRA Europe Index
UK listed real estate company Hansteen Holdings will be included in the FTSE EPRA/NAREIT Developed Europe Index from Monday March 21, 201 after meeting all eligibility criteria during the Index's March Quarterly Review, according to the European Public Real Estate Association (EPRA).
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PropertyEU Archive
More European firms sign up for RICS regulation
Over 100 firms in continental Europe have signed up for the 'Regulated by RICS' label, the latest initiative by the Royal Institution of Chartered Surveyors (RICS) to increase transparency in the European real estate market.
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PropertyEU Archive
MIPIM: Allianz plans EUR 1b spree in France, Belgium and Netherlands
Allianz Real Estate plans to spend EUR 1 bn this year in France, Belgium and the Netherlands, CEO Olivier Wigniolle of Allianz France told PropertyEU at MIPIM in Cannes.
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PropertyEU Archive
Allianz Real Estate to spend EUR 1b on loans in Germany
Allianz Real Estate plans to spend EUR 1 bn on property loans in Germany in 2011 in what would be the insurers’s first foray into property lending in Europe, the company’s CEO for Germany Stefan Brendgen told PropertyEU at MIPIM. 'We aim to spend approximately EUR 400 mln in ...
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PropertyEU Archive
Dic Asset buys retail properties for EUR 108m
Germany's Dic Asset has acquired two retail properties in Bremen and Chemnitz in Central and Northern Germany from a joint venture of Area Property Partners and Rida Development Corporation for around EUR 108 mln.
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PropertyEU Archive
Panattoni adds 11,500 m[sup]2[/sup] to Park Wroc³aw II
Industrial space developer Panattoni Europe has announced plans to extend its Panattoni Park Wroclaw II logistics park in Poland with the addition of 11,500 m[sup]2[/sup] of new distribution space.
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PropertyEU Archive
Bank Austria in EUR 280m Vienna HQ project
Unicredit's Bank Austria has announced that it will invest between EUR 150 and 280 mln in the creation of a new headquarters, UniCredit Bank Austria Town, offering 150,000 m[sup]2[/sup] of space in the heart of the city's Praterstern business district.
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PropertyEU Archive
P3 appoints new CFO
PointPark Properties (P3) has announced the appointment of George Aase as its new Chief Financial Officer. He replaces James Riddell, who retired at the end of 2010. In his new position, Aase will have overall responsibility for the company's strategic and financial planning functions.
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PropertyEU Archive
Deutsche Bank sells Frankfurt HQ for EUR 600m
Germany's Deutsche Bank said on Monday that it is to sell its 'Doppelturme' (Twin Towers) in Frankfurt am Main to a closed-end real estate fund to be launched by DWS. The transaction price is expected to amount to around EUR 600 mln, in line with the property's current market value.
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PropertyEU Archive
Corealcredit repays SoFFin guarantees ahead of schedule
Commercial real estate lender Corealcredit Bank said on Monday that it has repaid all its bonds guaranteed by the German Financial Market Stabilisation Fund (SoFFin) ahead of schedule. The remaining guarantee funding provided by SoFFin was also returned in full, the bank added, making it the first German bank to ...
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PropertyEU Archive
Cordea Savills appoints new head of fund finance
Fund manager Cordea Savills has appointed Alexandra McGhee as Head of Fund Finance, UK, with overall responsibility for the financial control and reporting on funds administered from London, Stockholm and Luxembourg. She will report to Chief Financial Officer Richard James.
