All Real Assets articles in Web Issue – Page 691
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PropertyEU Archive
Atenor sells Brussels project to Ethias Group
Belgian listed property developer Atenor has announced the sale of the UP 38 office building in Brussels to bank and insurance group Ethias for an undisclosed amount.
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PropertyEU Archive
Deals revival spurs jump in salaries: Bohill Partners
The pick-up in European real estate investment activity over the past year is spurring inflationary salary increases for senior directors with solid experience in deal origination and execution, new research from executive search firm Bohill Partners shows.
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PropertyEU Archive
ULI conference: Pace of change forces retail rethink
The rapid pace of change and the unpredictability of new trends in the retail industry are forcing landlords to rethink their business models. That was one of the key conclusions of a panel devoted to winning strategies in a changing retail landscape held on Wednesday at the annual ULI trends ...
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PropertyEU Archive
ULI conference: US remains role model for innovation
The US will continue to dominate the world in the area of innovation, despite economic advances by China and other emerging powerhouses, keynote speaker Kjell Nordstrom told the ULI trends conference in Amsterdam last week. Speaking on the theme 'Can Europe remain competitive in the new Global Economy?', he said ...
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PropertyEU Archive
Vinci to develop Saint Denis HQ for SFR
French construction group Vinci has won a contract to develop the future headquarters of French mobile phone company SFR in Saint-Denis, near Paris.
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PropertyEU Archive
E-commerce makes further inroads
Online retailing is making greater advances, according to Christopher Wicker, chairman of the Retail Consulting Group. Pointing to France, he said online sales were up 24% at EUR 31 bn last year compared with 2009. ‘With annual growth of 20%, sales will total EUR 45 bn by 2013,’ he predicted. ...
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PropertyEU Archive
HIH launches 1st Austrian fund
German closed-end fund manager Hamburgische Immobilien Handlung (HIH) has announced the launch of its first Austrian real estate investment vehicle. The HIH Global Invest 05 - Österreich fund has a planned life term of 10.5 years and aims to distribute returns of 5.75% per annum, rising to 6.25% from 2020.
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PropertyEU Archive
British Land to place EUR 350m of bonds in the US - report
UK REIT British Land is planning to raise close to $500 mln (EUR 352 mln) by issuing bonds in the US private placement market, according to a news report in the Financial Times.
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PropertyEU Archive
Deutsche Pfandbrief provides £39m loan to Almacantar
German lender pbb Deutsche Pfandbriefbank has provided a £39 mln (EUR 44 mln) financing facility to a subsidiary of Almacantar for the acquisition of the Marble Arch Tower in London. The transaction was closed on 23 June 2011.
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PropertyEU Archive
Sveafastigheter buys Finnish portfolio for EUR 50m
Nordic private equity company Sveafastigheter said that Sveafastigheter Fund III has partnered with local asset management partner Mattila & Saxen Property Partners to acquire a portfolio of 10 retail properties in Finland for around EUR 50 mln.
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PropertyEU Archive
Hansainvest buys Helsinki office property for EUR 56m
German real estate investor Hansainvest is acquiring an office property in Finland from YIT Construction. At completion the total sale price of the Triotto office building located in Käpyläis, Helsinki is expected to be about EUR 56.5 mln, including the plot to be purchased from the city of Helsinki.
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PropertyEU Archive
Union launches EUR 750m shopping centre fund
Union Investment is launching a new fund for European retail property. The planned total size of the new fund is EUR 750 mln, with debt finance accounting for 30% to 40% of the total.
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PropertyEU Archive
Real estate continues to dominate 'alternative' asset class
Real estate continues to dominate 'alternative' investment asset classes, representing around two-thirds of total allocation, according to the new edition of the European Institutional Asset Management Survey (EIAMS) supported by Invesco Real Estate.
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PropertyEU Archive
Médiacité cancels IPO due to 'unfavourable' conditions
Belgian developer Wilhelm & Co has cancelled plans to list nearly EUR 200 mln worth of certificates backed by the 45,000-m[sup]2[/sup] Médiacité shopping centre in Liège, citing 'unfavourable market conditions'.
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PropertyEU Archive
NewRiver scoops four shopping centres in the UK
NewRiver has announced the acquisition of four freehold shopping centre assets from Zurich Assurance for around £68 mln (EUR 76 mln), reflecting a net initial yield of 8%. In a statement on Monday, the UK retail property company said it is partially funding the deal with the issue of nearly ...
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PropertyEU Archive
ULI conference: cities need to improve transparency on risk
Europe's cities need to be more transparent and provide better risk scenarios in their drive to attract real estate investment. That was one of the conclusions of a panel devoted to the subject of 'Winning Cities' at the ULI trends conference in Amsterdam last week.
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PropertyEU Archive
Land Secs completes sale of Sainsbury's store
The Harvest Limited Partnership, a joint venture between Land Securities and J Sainsbury, has completed the £51 mln (EUR 57.5-mln) sale of the existing 7,400-m[sup]2[/sup] Sainsbury's store site in Wandsworth, London to Prupim, acting on behalf of the M&G Secured Property Income Fund.
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PropertyEU Archive
Skanska divests logistics property in Gothenburg
Skanska has divested a logistics property in Gothenburg for SEK 305 mln (EUR 33 mln). The buyer is an investment consortium of Wilfast Förvaltning and Norwegian Ness Risan & Partners.
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PropertyEU Archive
Spanish mall supply increases as foreign players dominate market: Savills
Up to EUR 1 bn worth of Spanish shopping centres are expected to come onto the market in the next few months after a slow start of the year, according to international real estate advisor Savills.
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PropertyEU Archive
Resolution hires hotel specialist to explore market opportunities
European real estate investor Resolution Property has appointed hotel market specialist Mads Heideby to explore further investment opportunities in the UK and Continental hospitality sector.
