All Real Assets articles in Web Issue – Page 665
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PropertyEU Archive
JLL's Q1 profit rises to $1.5m
Chicago-based Jones Lang LaSalle (JLL) saw first-quarter earnings surge to $1.5 mln (1 mln) from $0.2 mln in the year-earlier period. Revenue rose 18% year-on-year to $688 mln.
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PropertyEU Archive
Central London investment soars 34% in Q1 2011
Investment in central London commercial property surged 34% year-on-year to around £2.19 bn (EUR 2.5 bn) in the first quarter of 2011, according to figures from global property consultant Cushman & Wakefield (C&W). The figure compares to £1.63 bn in Q1 2010.
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PropertyEU Archive
CBRE posts $34m profit in Q1 2011
CB Richard Ellis (CBRE) posted a net profit of $34.4 mln (EUR 23.5 mln) in the first three months of 2011, compared to a loss of $6.6 mln in the same period a year before. The much-improved performance, driven by a sharp increase in revenue linked to growing property sales, ...
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PropertyEU Archive
RREEF buys California office for $65m
Deutsche Bank's RREEF investment arm has made a foray into the US property market with the purchase of a fully-leased office building in downtown Palo Alto, California from Embarcadero Capital Partners. The transaction price amounted to $65 mln (EUR 45 mln)
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PropertyEU Archive
London & Stamford bags City office scheme for £75m
London & Stamford Property has exchanged contracts with UBS Triton Property Fund to acquire the One Carter Lane office complex in the City of London for £75 mln (EUR 85 mln), excluding costs.
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PropertyEU Archive
Amstar, Renaissance open Aura mall in Novosibirsk
US real estate investment manager Amstar and local developer Renaissance have celebrated the grand opening of their Aura regional shopping centre in Novosibirsk, Russia.
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PropertyEU Archive
Peakside Capital sells Berlin residential asset
Germany's TAG Immobilien has acquired a residential complex consisting of 612 residential units in Berlin from a company majority-owned by the Peakside Real Estate Fund I, managed by European real estate private equity firm Peakside Capital. The parties have agreed to keep the purchase price confidential.
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PropertyEU Archive
Helaba strengthens French real estate business
German lender Helaba sad it is boosting its French real estate activities with the appointment of Rémy Boet to the post of senior director of origination.
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PropertyEU Archive
ULI names new CEO Europe
Joe Montgomery has joined the Urban Land Institute (ULI) as its new Chief Executive for Europe with responsibilities covering the expansion of its services and membership across Europe, and increasing the collaboration between public and private sectors in real estate and city development. He has joined ULI from the UK ...
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PropertyEU Archive
LGP unveils plans for warehouse project in Corby
Legal & General Property (LGP) said on Wednesday it has submitted an outline planning application for a new 81,800 m[sup]2[/sup] rail-connected cross-dock distribution warehouse at its 70 acre former Gefco UK Car Storage Site on Geddington Road in Corby, near Birmingham. The project is earmarked for the company's Industrial Property ...
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PropertyEU Archive
UK drives resurgence in non-listed fund performance
UK non-listed real estate funds delivered a performance of 14.9% in 2010 contributing significantly to the general upsurge in fortunes for the sector, according to the INREV Annual Index 2010 published on Wednesday.
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PropertyEU Archive
PEPR shareholder opposes EUR 1.2b bid by Prologis
Fir Tree Partners, a New York-based private investment firm that owns 4.3% of Prologis European Properties (PEPR), has said it opposes a EUR 1.2 bn tender offer by PEPR's parent company and largest shareholder, Prologis.
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PropertyEU Archive
PEPR completes 127,400 m[sup]2[/sup] of new leasings in Q1
Improving market conditions across Europe helped sustain a high level of leasing activity in the Prologis European Properties (PEPR) portfolio, pushing the total for the first three months of the year to 388,500 m[sup]2[/sup]. In a statement on Thursday to announce its first-quarter results, PEPR said it concluded 48 lease ...
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PropertyEU Archive
RREEF wins EUR 315m mandate from Korean insurer
Deutsche Bank's real estate investment management arm RREEF has scooped a KRW 500 bn (EUR 315 mln) separate account mandate from Korea's largest insurance business, Samsung Life, to invest in core real estate in gateway cities in Europe and the US. Samsung Life has been one of Korea's leading life ...
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PropertyEU Archive
Hammerson sells Three Spires for £33m
UK REIT Hammerson said on Thursday that it has exchanged contracts to sell Three Spires, Lichfield, to a client of Orchard Street Investment Management, who will complete the acquisition directly from St. Martins Property Investments. The transaction price amounts to £33 mln (EUR 37 mln), which is the same amount ...
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PropertyEU Archive
Hammerson receives £505m in new funding
UK REIT Hammerson said on Thursday that it has been granted a £505 mln (EUR 568 mln) five-year syndicated credit facility coordinated by BNP Paribas. The loan size was increased from £400 mln to £505 mln following an over-subscription.
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PropertyEU Archive
Real IS acquires Hollandia office in Amsterdam
German real estate fund manager Real IS has bought the Hollandia office complex in Amsterdam from ING Real Estate Investment Management. The transaction price was not disclosed, but is believed to be between EUR 37.5 and EUR 39 mln, reflecting a yield between 6.4-6.6%.
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PropertyEU Archive
Unibail-Rodamco appoints COO, CSO
Unibail-Rodamco has named board member Michel Dessolain to the position of Chief Strategy Officer, and Christophe Cuvillier to the Unibail-Rodamco management board as Chief Operating Officer.
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PropertyEU Archive
Blackstone in takeover talks with Australia's Valad
US private equity firm Blackstone is in talks with Valad Property Group on a potential takeover of the Australian logistics property firm, in a deal expected to be worth around A$220 mln (EUR 162 mln), according to a news report by the Australian Financial Review.
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PropertyEU Archive
Hines links up with Ballymore to build in Birmingham
US developer and investor Hines is partnering with Ballymore Group to develop Two Snowhill, a 14-storey office building in Birmingham. Hines' European Development Fund II acquired the site and will fund the project.
