All Real Assets articles in Web Issue – Page 655
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PropertyEU Archive
DIC Asset raises EUR 52m in capital increase
German property company DIC Asset said its share capital has increased from EUR 39 mln to EUR 46 mln following a capital increase last week which was more than five times oversubscribed and generated total proceeds of over EUR 52 mln. Shareholders in the Frankfurt-based company subscribed to all 6.5 ...
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PropertyEU Archive
CBREI acquires French business park
CB Richard Ellis Investors' Pan European Core Fund (PEC) has acquired the Central Parc business park near Paris from a private investor. The global real estate investment manager said that the transaction, arranged by Savills, is the fund's second acquisition in France and third acquisition in Europe. The financial details ...
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PropertyEU Archive
Cordea Savills German Retail fund makes two acquisitions
Fund manager Cordea Savills has acquired five out-of-town retail warehouse assets on behalf of its German Retail vehicle. Four of the properties, bought as a portfolio, are located in Bavaria and Rhineland-Palatinate. The fund is also taking ownership of a larger retail park near Dortmund.
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PropertyEU Archive
ECE opens extension to Altmarkt-Galerie in Dresden
ECE Projektmanagement has completed the project to extend the Altmarkt-Galerie shopping centre in the German city of Dresden. The extension work has added around 18,000 m[sup]2[/sup] of sales area to the former Intecta building, creating a new three-storey mall, with around 100 stores, cafés, restaurants and service businesses.
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PropertyEU Archive
Sustainable office helps attract top staff: Union Investment
The socio-cultural qualities of office buildings are set to play a growing role in the coming years as companies compete to attract the best staff, according to a new report published by Union Investment.
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PropertyEU Archive
Etalon sets price range for London IPO
Russian real estate developer Etalon Group has set the price range for its initial public offering on the London Stock Exchange at $7 (EUR 5) to $9 (EUR 6.3), valuing the company at up to $2 bn. Etalon hopes the issue will raise up to $500 mln with a greenshoe ...
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PropertyEU Archive
Leading pension funds launch new sustainability index
Eleven of the world's largest pension asset managers, representing $1.4 tln (EUR 1 tln) in assets under management, have joined forces to create the Global Real Estate Sustainability Benchmark (GRESB).
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PropertyEU Archive
Over EUR 1.5b of offices on sale in Frankfurt
Over EUR 1.5 bn of office real estate is set to change hands in Frankfurt as owners seek to take advantage of rising demand for prime assets in the German financial capital.
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PropertyEU Archive
New EUR 60m addition to A10 mall opens near Berlin
The new shopping mall of the A10 Center on the southern Berlin motorway ring road opens its doors today, German shopping centre companies ECE and Deutsche Euroshop have announced.
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PropertyEU Archive
Westimmo sees 47% drop in new business in 2010
Westdeutsche ImmobilienBank (Westimmo) saw its new business volumes plunge 47% to EUR 3.3 bn in 2010 from EUR 6.2 bn the year before. The German lender blamed the fall on market conditions and a European Commission order to financial group WestLB to sell the Westimmo real estate financing unit.
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PropertyEU Archive
PropertyEU Magazine April 2011 edition
The April 2011 edition of PropertyEU Magazine, published this week, looks at the top 50 European real estate fund managers. PropertyEU's overview examines the strategies of leading players, together with profiles and fact files on their top investment deals in 2010. Key trends in the sector include the formation of ...
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PropertyEU Archive
Portuguese index posts strongest returns in 3 years
Portuguese commercial real estate has delivered its strongest investment performance in three years, with a 4.2% total return for 2010, according to the IPD Portugal Annual Property Index.
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PropertyEU Archive
FHH spends EUR 62m in mixed-use asset in Freiburg
German closed-end fund manager Fondshaus Hamburg (FHH) has acquired a mixed-use development project in Freiburg, Baden-Württemberg, Germany from local developer Unmüssig Baden for around EUR 62.5 mln. The property will be transferred to a new closed-end fund to be marketed to investors in the second quarter of 2011, FHH said ...
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PropertyEU Archive
AEW Europe appoints Wilkinson as chief investment officer
European real estate investment manager AEW Europe has appointed Rob Wilkinson as chief investment officer. In this role he will continue to oversee the investment activities of the firm and the management of funds and separate accounts. He was formerly head of Fund Management and Separate Accounts and remains based ...
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PropertyEU Archive
Savills boosts Frankfurt office agency team
International real estate advisor Savills has recruited Jennifer Groß as a senior consultant in its Frankfurt office agency department as part of a wider expansion strategy. Groß has eight years experience in real estate and joins Savills from Colliers Schön & Lopez Schmitt where she worked for seven years, most ...
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PropertyEU Archive
L&G Prop's director to chair Green Property Alliance
Bill Hughes, managing director of Legal & General Property (LGP), has assumed the chairmanship of the Green Property Alliance, an umbrella organisation that provides the voice for a collection of property organisations collaborating to achieve a more sustainable built environment.
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PropertyEU Archive
C&W announces new hires in CIS team
Cushman & Wakefield (C&W) had appointed James Crisp as a partner in its EMEA region Corporate Occupier & Investor Services (CIS) team. Crisp, who will be based in London, was previously a director at Capita Symonds (formerly NB Real Estate) where he was responsible for UK and European occupier services.
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PropertyEU Archive
DTZ appoints new Hungary chief
DTZ has appointed Balázs Czifra as country head for Hungary from the start of April. Czifra was previously commercial director for Continental Europe at Segro. Prior to that he spent nine years at DTZ and led the industrial agency team for three years.
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PropertyEU Archive
Australian fund buys Siic de Paris' Wagram asset
Australian insurance group AMP Capital Investors has acquired the Wagram office building from French REIT Siic de Paris for around EUR 22 mln. The property is earmarked for the group's Global Direct Property Fund.
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PropertyEU Archive
Spanish opportunities re-emerging but don't expect bargains: Henderson
Institutional investors are poised to put the Spanish real estate market back on their radar, but they shouldn’t expect bargains, Henderson Global Investors has said in a new report.
