All Real Assets articles in Web Issue – Page 652
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PropertyEU Archive
US tops cross-regional European investment
A significant shift in the geographical composition of international capital being invested in European real estate started to emerge in the second half of 2010, according to the latest research issued by CB Richard Ellis (CBRE). Cross-regional flows of capital from outside Europe grew to account for almost half of ...
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PropertyEU Archive
Hungary mulls introduction of REITs
The Hungarian government has announced plans to establish real estate investment trusts (REITs) in the country in an effort to boost investment activity and to attract foreign capital. According to Hungarian press reports, the Hungarian structure will allow REITs to invest in development projects as well as in existing assets.
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PropertyEU Archive
RBS takes quasi-equity stake in IPIT
Invesco Property Income Trust (IPIT) has reached an agreement in principle with lender Royal Bank of Scotland to restructure its £217 mln debt burden.
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PropertyEU Archive
UFG launches 1st pan-European fund of funds
Investment manager UFG-LFP is launching its first pan-European real estate investment fund of funds in a bid to take advantage of a recovering property market across the continent.
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PropertyEU Archive
Orco swings to profit of EUR 233m in 2010
Orco Property Group has posted a profit of EUR 233 mln in 2010, returning to positive territory for the first time since 2007.
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PropertyEU Archive
C&W posts $26m profit in 2010
Privately-held commercial real estate services firm Cushman & Wakefield (C&W) swang to a net profit of $25.7 mln in 2010, compared to a loss of $115.8 mln in 2009. The company said it closed 2010 with four consecutive quarters of double-digit revenue growth, driving full-year commission and service fee revenue ...
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PropertyEU Archive
Greece selects advisors for EUR 50b sell-off
Greece has selected international advisers for the first round of an ambitious EUR 50 bn privatisation programme aimed at averting a forced restructuring of its sovereign debt, the Financial Times has reported.
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PropertyEU Archive
Meag sells EUR 500m Capital Square in Singapore
Munich Ergo Asset Management (MEAG) has announced the EUR 500 mln sale of Capital Square in Singapore in the largest office property transaction in Singapore so far this year. The buyer is a local consortium of bidders including Keppel Land's real estate fund management arm, Alpha Investment Partners, and NTUC ...
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PropertyEU Archive
Alstria unveils capital increase
Alstria office REIT has announced plans to issue 10,000,000 new shares as part of a capital-raising exercise to finance future acquisitions. The new issue is expected to boost Alstria’s nominal share capital from EUR 61,599,999 to up to EUR 71,599,999.
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PropertyEU Archive
ING REIM transfers stake in Australian office fund to Investa
ING Real Estate Investment Management (ING REIM) has entered into contracts to transfer the management of the ING Office Fund (IOF) to Morgan Stanley-owned Investa Property Group (Investa).
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PropertyEU Archive
FdM closes purchase of B&B Hotel portfolio in Germany
French hotel operator Foncière des Murs (FdM) has completed the acquisition of a portfolio of hotel properties in Germany from the B&B Hôtels group for EUR 65 mln, including real estate transfer tax.
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PropertyEU Archive
IGD Siiq buys high-street property in Bologna
Italian REIT Immobiliare Grande Distribuzione (IGD SIIQ) has signed a preliminary agreement with Leggenda, part of clothing group Stefanel, to buy a high-street asset on Bologna's main shopping street, Via Rizzoli, for around EUR 25 mln, plus tax and other charges. The deal is expected to close by April 15.
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PropertyEU Archive
Wing starts construction of Budapest mall
Hungarian property developer Wing has announced the start of construction for a new shopping centre in the heart of Budapest's District 12.
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PropertyEU Archive
Strabag to construct TaunusTurm in Frankfurt
Central and Eastern European construction group Strabag has been awarded a EUR 200 mln contract for the turnkey construction of the TaunusTurm at the Taunusanlage park in Frankfurt's financial district. The project, representing a joint venture of US group Tishman Speyer and German fund manager Commerz Real, consists of a ...
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PropertyEU Archive
L&G to step into property lending
Legal & General has become the latest European insurer to step in the property lending business in an attempt to fill the debt gap left by retreating banks. The Financial Times has reported that the UK's fourth largest insurer has appointed Ashley Goldblatt, who has worked in the company's fixed ...
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PropertyEU Archive
Vailog delivers 20,000 m[sup]2[/sup] distribution facility in Paris
Italian industrial real estate developer and investor Vailog said it has delivered a new distribution platform in Paris to global logistics provider Geodis. The company has completed a 20,300-m[sup]2[/sup] distribution centre in the Port of Paris (Bonneuil-sur-Marne), just 12 km from the Paris ring-road.
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PropertyEU Archive
Lehman buys $1.5b loan portfolio from German unit
A New York bankruptcy court has approved a $957 mln (EUR 680 mln) sale of notes to Lehman Brothers Holdings from its German unit, Lehman Brothers Bankhaus, as part of a larger settlement between Lehman's bankruptcy estate and its affiliates.
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PropertyEU Archive
SEB acquires DnB NOR's mortgage loan portfolio
Swedish bank SEB said on Monday that it has agreed to buy Norwegian lender DnB NOR's retail customer mortgage loan portfolio in Sweden. The agreement covers around 5,000 customers and a mortgage lending volume of approximately SEK 7 bn (EUR 780 mln).
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PropertyEU Archive
Metrovacesa's Arenas opens its doors in Barcelona
Spanish listed property company Metrovacesa has announced the opening of its landmark Arenas shopping centre in Barcelona. Located on the famous Plaza España square, the mall is expected to attract up to 10 million visitors per annum. The mall represented a total investment of roughly EUR 200 mln.
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PropertyEU Archive
Testa to launch takeover bid for Tesfran
Spanish property company Testa Inmuebles en Renta, part of the Sacyr Vallehermoso group, has announced plans to launch a takeover offer for its French real estate unit, Tesfran.
