All Real Assets articles in Web Issue – Page 678
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PropertyEU Archive
ECE fund acquires City-Passage in Bielefeld
Germany's ECE Projektmanagement is buying the City-Passage shopping centre in Bielefeld, in the Ostwestfalen- Lippe Region.
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PropertyEU Archive
Capco appoints Covent Garden director
Uk listed property company Capital & Counties Properties (Capco) has appointed Sarah-Jane Curtis as director of Covent Garden starting from September. Curtis will take responsibility for the leasing, development and asset management functions of Covent Garden and will work closely with Bev Churchill, Capco's marketing director, in developing the Covent ...
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PropertyEU Archive
Wainbridge appoints new CFO
Wainbridge Limited has appointed Graham Langlay-Smith as chief financial officer.
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PropertyEU Archive
Europe CMBS market sets default record in April
Defaults on European commercial mortgage-backed securities (CMBS) hit a record high in April as 12 new loans became delinquent in the period, according to rating agency Standard & Poor's. This is the highest monthly number since S&P started covering the market in 2008.
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PropertyEU Archive
InfraRed plans new Asian funds
InfraRed Capital Partners is planning new fund launches in Asia. InfraRed - which was rebranded from HSBC Specialist Investments following a management buyout - is in the process of capital raising for its third greenfield infrastructure fund, which had its first $ 580 mln (EUR 409 mln) closing in March ...
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PropertyEU Archive
Hamborner buys retail asset in Langenfeld
German REIT Hamborner has acquired a retail asset in the pedestrian area of Langenfeld in Germany from a company of the Sass family. The investment volume of over EUR 17 mln reflects a gross initial yield of 6.6%.
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PropertyEU Archive
Stendörren buys resi assets in Husby
Swedish private property firm Stendörren has acquired a portfolio of 1,528 residential units in Husby, near Stockholm from listed property group Wallenstam for SEK 875 mln (EUR 100 mln).
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PropertyEU Archive
Citycon bets on Baltic rebound
Citycon has the potential and the appetite to double its portfolio in the next four-to-five years, newly appointed chief executive Marcel Kokkeel has said in an interview with PropertyEU.
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PropertyEU Archive
Bernhard Visker to leave HSH Nordbank
HSH Nordbank has announced that Bernhard Visker will leave its management board from 31 August 2011. The supervisory board gave its consent to a corresponding termination agreement.
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PropertyEU Archive
JLL buys King Sturge
Jones Lang LaSalle (JLL), the New York-listed global commercial real estate firm, announced on Friday it is merging with smaller peer King Sturge. The deal values King Sturge at £197 mln (EUR 227 mln).
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PropertyEU Archive
Sonae Sierra earns distinction for innovation
Sonae Sierra has been distinguished at the 'European Risk Management Awards', an initiative of the British magazine 'StrategicRisk', which aims at rewarding the best and most innovative actions in the risk management area. The prize for 'Most Innovative Use of IT or other Technology' comes in recognition of
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PropertyEU Archive
Mayfield hires Ralph Sidler as real estate manager
UK-based Mayfield Asset and Property Management has hired Ralph Sidler as asset and property manager at its growing team in Eindhoven, the Netherlands. The move reflects the company's 'enhanced management instruction in the country', Mayfield said in a statement on Friday. Mayfield anticipates making further appointments in the next few ...
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PropertyEU Archive
ING UK trust renamed Picton
ING UK Real Estate Income Trust Limited has announced that it has received approval at its annual general meeting to change its name to Picton Property Income Limited. The investment management function will be officially internalised from 1 January 2012, when its contract with ING Real Estate Investment Management comes ...
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PropertyEU Archive
Investor demand for CEE retail strongest since 2008: C&W
Investor demand for prime retail assets in Central Europe is at its strongest since the market collapsed in 2008, according to Cushman & Wakefield. The property adviser says in a new report that investors are seeking increased exposure to select Central European economies - notably Poland and the Czech Republic ...
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PropertyEU Archive
Rinascente owners agree EUR 260m sale to Central Retail
Shareholders in the Italian department store group Rinascente have approved the sale of the operational company to Centrail Retail Corporation (CRC), Thailand's largest retail group, for EUR 205 mln in cash and the assumption of EUR 55 mln in debt.
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PropertyEU Archive
Eroski sells 7 hypermarkets in Madrid
French retail group Leclerc has acquired a portfolio of seven hypermarkets in the vicinity of Madrid from the Basque supermarket and foodstore retailer Eroski for an undisclosed amount.
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PropertyEU Archive
HIH makes first acquisition in Vienna
German investor HIH Global Invest has made its first acquisition in Vienna with the purchase of a mixed-use scheme from Austrian listed property group Immofinanz for just over EUR 29 mln. The deal is in line with HIH's strategy to diversify its portfolio through acquisitions abroad.
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PropertyEU Archive
Hines eyes sale of BC Ducat Place III in Moscow
US privately held investor and developer Hines is in negotiations to sell its flagship BC Ducat Place III office development project near the Mayakovskaya metro station in Moscow. The business centre, offering some 50,000 m[sup]2[/sup] of space, could fetch up to $300 mln (EUR 247 mln), according to reports in ...
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PropertyEU Archive
UBS snaps up Berne's Wankdorf Center
The real estate fund management arm of Swiss bank UBS has announced the acquisition of the Wankdorf Center in Berne, Switzerland for an undisclosed sum. The vendor is Cologne-based Wankdorf-Center Bern Dr. Karl Bartel.
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PropertyEU Archive
Caja Madrid puts Madrid HQ on the market
Spanish bank Caja Madrid has hired Aguirre Newman to sell its Torre Kio headquarters on Madrid's Plaza de Castilla in a sale-and-leaseback transaction worth over EUR 200 mln. Developed by Kuwait Investments Office, the scheme offers some 30,000 m[sup]2[/sup] of office space and a parking lot.
