All Real Assets articles in Web Issue – Page 660
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PropertyEU Archive
Growing shortage of West End office space: C& W
The limited availability of good quality space in London's West End is becoming critical, according to Cushman & Wakefield, the global property consultant.
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PropertyEU Archive
Retail expansion continues despite tough conditions: CBRE
Global retailers have continued to grow their store networks in a wide range of international markets despite challenging conditions, according to the 2011 edition of How Global is the Business of Retail? by global real estate adviser CB Richard Ellis (CBRE).
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PropertyEU Archive
Markus Reinert to join C&W
Cushman & Wakefield, the global property consultant, has appointed Markus Reinert as a partner and head of property management and investor services for the EMEA region.
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PropertyEU Archive
Prologis vows to retain PEPR stake
Prologis, the Denver-based global distribution facilities specialist, has confirmed that it intends to retain its ownership stake in, and management agreement with, Eurnonext-listed Prologis European Properties (PEPR).
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PropertyEU Archive
GWS to float on Frankfurt exchange at EUR 19 per share
Berlin-based residential real estate company GSW has announced that its shares will float on the Frankfurt Stock Exchange at EUR 19 each on Friday. This is the lower end of the range of EUR 19 to EUR 23 announced at the start of April. The aim is to list in ...
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PropertyEU Archive
Tamar fund secures 2nd pan-European refinancing deal
Tamar European Industrial Fund t (TEIF) said on Thursday that it has received approval from PBB Deutsche Pfandbriefbank for an extension of its existing EUR 88 mln debt facilities.
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PropertyEU Archive
Aareal Bank unveils EUR 269m capital increase
Aareal Bank has announced a rights issue to raise gross proceeds of around EUR 269 mln. The German listed property financier said the proceeds would be used to support growth of its Property Financing segment, and for strengthening the bank's equity base.
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PropertyEU Archive
SEB AM to launch EUR 800m Asian property fund in May
SEB Asset Management plans to launch its second Asian property fund in May this year, which will target a size of some EUR 800 mln.
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PropertyEU Archive
Prologis increases stake in PEPR ahead of full offer
Prologis has increased its stake in Euronext-listed fund Prologis European Properties (PEPR) ahead of launching a mandatory tender offer for all the outstanding units in the fund it does not already own. Earlier Prologis rejected the APG-led EUR 6 per unit offer and has now counter-attacked with its own bid ...
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PropertyEU Archive
Patrizia launches alternative investments segment
German listed property company Patrizia Immobilien has announced it is expanding its services for national and international institutional investors with a new alternative investments division.
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PropertyEU Archive
Klépierre opens Aqua Portimão mall in Portugal
Paris-listed real estate company Klépierre has opened the Aqua Portimão shopping centre in the Algarve region of Portugal. The shopping centre covers a total floor area of 47,250 m[sup]2[/sup] spread over three levels and featuring a shopping gallery of 35,500 m[sup]2[/sup].
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PropertyEU Archive
Capital raising in non-listed sector bounces back: INREV
Non-listed real estate vehicles raised EUR 10.5 bn in new capital in 2010, according to the INREV Capital Raising Survey. This marks an increase of 80% on the EUR 6 bn raised a year earlier. A similar amount is expected to be raised in the coming year, Lonneke Löwik, INREV, ...
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PropertyEU Archive
Hubertus Kobe named CEO of Corio Germany
Corio has announced that Hubertus Kobe is joining the listed European shopping centre specialist as CEO of its German operations. Kobe was managing partner of DTZ Zadelhoff Tie Leung until recently. He was also a member of the DTZ retail board EMEA-region.
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PropertyEU Archive
Non-listed sector faces further polarisation and consolidation
The non-listed real estate sector is poised for a strong wave of industry consolidation as the overall real estate capital base decreases in the fallout of the financial crisis. Further polarisation into large and specialist organisations can also be expected.
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PropertyEU Archive
Multi opens Forum Sintra in Portugal
Multi Development has announced the opening of Forum Sintra shopping centre in Portugal. Developed and managed by Multi Mall Management Portugal, the centre is 98% let.
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PropertyEU Archive
INREV research calls for capital charge of up to 15%
The European association for Investors in Non-Listed Real Estate Vehicles (INREV) is calling for a capital charge of no more than 15% on insurance companies' real estate investments under the new Solvency II regime. The call follows a study commissioned by INREV which shows that current proposals for a capital ...
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PropertyEU Archive
Cofinimmo launches EUR 150m bond offering
Cofinimmo has announced the launch of an offering of senior unsecured convertible bonds. The initial amount is EUR 150 mln, with a potential increase by another EUR 50 mln if the extension option is exercised.
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PropertyEU Archive
NordLB turns EUR 236 mln profit in 2010
German state-backed landesbank Norddeutsche Landesbank, or NordLB, is back in the black, turning a profit of EUR 236 mln last year, compared to an after-tax loss of EUR138 mln the previous year.
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PropertyEU Archive
P3 opens office in Romania
International warehousing specialist PointPark Properties (P3) has opened a new office in Romania, which it said represents a 'natural' step in its planned expansion across Europe.
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PropertyEU Archive
Banks provide EUR 320m financing to Leipziger Platz project
German developer High Gain House Investments (HGHI) has received a EUR 320 mln financing facility from a consortium of banks led by DG Hyp for the construction of a EUR 450 mln mixed-use complex on Berlin's Leipziger Platz. The banking syndicate includes lenders Helaba, UniCredit Bank, and Eurohypo.
