All Real Assets articles in Web Issue – Page 690
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PropertyEU Archive
Brussels seeks developers for EUR 900 mln mixed-use scheme
The City of Brussels is launching an international tender for a massive mixed-use scheme that the backers say will set a new benchmark in urban redevelopment in Belgium.
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PropertyEU Archive
Von der Heyden secures financing for Poznan's ABC
International builder Von der Heyden Group said on Thursday that it has secured financing from Bank Zachodni WBK (BZWBK) for the development of the Andersia business centre (ABC) in Poznan, Poland, allowing construction work to start on the site in July this year.
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PropertyEU Archive
Eurosic adds board directors in shareholding change
French office REIT Eurosic has added five directors to its management board to reflect the recent changes in its shareholding structure. In a statement on Wednesday, the Paris-listed company said Charles Ruggieri of Batipart is joining the board, alongside Françoise Debrus (representing Predica), François Morrisson (ACM Vie), Philippe Narzul (MMA ...
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PropertyEU Archive
CBREI appoints two continental Europe directors
CB Richard Ellis Investors has announced the appointment of Cédric Engel to the position of managing director, responsible for the development of the group's value-add operations in Continental Europe. Engel has over 13 years of experience in the sector, having previously worked for CDP Capital Europe and Otéra Capital in ...
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PropertyEU Archive
CR Capital Real Estate strengthens management board
German listed real estate investor CR Capital Real Estate has strengthened its management board with the appointment of Axel Eggers as finance and investor relations director. Eggers (56) has several years of experience in the corporate department of two major banks and served in various capacities for a number of ...
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PropertyEU Archive
NEPI starts trading on Bucharest stock exchange
New Europe Property Investments (NEPI) has raised roughly EUR 28 mln in the IPO of its shares on the Bucharest Stock Exchange. The commercial real estate company, which is already quoted on Johannesburg's main board and London's AIM market, said on Wednesday that it has issued 9.5 million of ...
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PropertyEU Archive
Notapierre buys office project in Marseille
The Notapierre investment vehicle, advised by B&C Asset Management, has announced the purchase of the Coeur Capelette office project in Marseille for around EUR 38 mln. The vendor is developer Kaufman & Broad.
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PropertyEU Archive
ULI conference: Non-traditional sources of capital set to grow
Non-traditional sources of capital for real estate investment will grow in the coming years as traditional ones such as banks come under further deleveraging and regulatory pressure, a ULI trends conference in Amsterdam heard on Wednesday.
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PropertyEU Archive
Jean-Bernard Gaudin to head CBRE's Spanish logistics
CB Richard Ellis has announced the appointment of Jean-Bernard Gaudin as director of its logistics and industrial business in Spain. Gaudin joins from Knight Frank, where he held the position of logistics director.
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PropertyEU Archive
Laurent Flechet leaves as chairman of Ciloger
Laurent Flechet has left French fund manager Ciloger to lead the newly created real estate investment management arm of Primonial Group. Flechet, who headed Ciloger's management board for the past five years, is assuming the position of Chief Operating Officer of Primonial Group and responsible for real estate activities. He ...
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PropertyEU Archive
Savills launches Dutch corporate finance team
International real estate adviser Savills has launched a new corporate finance department in the Netherlands. The team consists of Otto Rompelman and Ian Ruinen, who join Savills from SNS Property Finance, and will focus on equity and debt financing advisory and transaction services. Along with financial restructuring, the corporate ...
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PropertyEU Archive
Parking garages 'most stable' property investment
Investment in parking garages is the most stable form of real estate investment as the segment is least sensitive to the economic climate due to continuing scarcity and rising parking charges, according to new research published by Bouwfonds REIM.
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PropertyEU Archive
Mark Roberts joins RREEF as global research head
RREEF, the real estate investment business of Deutsche Bank's Asset Management division, announced on Tuesday that Mark Roberts joined as a managing director and global head of research.
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PropertyEU Archive
PEPR to remain listed
US distribution specialist Prologis will continue to operate Amsterdam-listed fund Prologis European Properties (PEPR) as a listed entity as it did not achieve a 95% holding through its mandatory tender offer launched in April, PEPR's Chief Executive Peter Cassells said during the Annual General Meeting held on Wednesday.
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PropertyEU Archive
NPRO unveils EUR 190m revamp of Oslo mall
Norwegian Property (NPRO) has unveiled details of a NOK 1-1.5 bn (EUR 128 - 190 mln) redevelopment of its Aker Brygge shopping centre to create a new business and retail centre in the Norwegian capital.
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PropertyEU Archive
Gecina bags C2 office project for EUR 69m
French SIIC Gecina has acquired the C2 office development project in the new Les Docks district of Saint Ouen, France from local developer Nexity. The investment volume of about EUR 69 mln reflects a net initial yield of 8%.
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PropertyEU Archive
IRE buys Swedish logistics asset for EUR 33m
Invesco Real Estate (IRE) has purchased a 45,300-m[sup]2[/sup] logistics property at Torsvik Logistics Park in the southern Swedish city of Jönköping for EUR 33 mln.
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PropertyEU Archive
Sagax buys two assets in Stockholm for EUR 35m
Swedish commercial real estate company Sagax has acquired two properties in Stockholm for SEK 345 mln (EUR 38 mln) and sold three other assets for SEK 194 mln.
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PropertyEU Archive
CNMV finalises Edison building buy in Madrid for EUR 71m
Spain's stock market regulator Comisión Nacional del Mercado de Valores (CNMV) has completed the purchase of the Edison building in central Madrid after receiving the final go-ahead from the Cultural Heritage Commission (Dirección General de Patrimonio). The vendor is insurance group Mutua Madrileña. The transaction price amounts to EUR 71 ...
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PropertyEU Archive
Cap&Reg sells Morfa shopping park for EUR 90m
UK property company Capital & Regional said on Friday that the Junction Fund has exchanged unconditional contracts for the sale of Morfa Shopping Park in Swansea, Wales to The Crown Estate for £80 mln (EUR 90 mln). Completion of the sale is anticipated to take place on 27 June 2011.
