All Real Assets articles in Web Issue – Page 694
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PropertyEU Archive
YIT acquires development plots in Finland for EUR 70m
YIT is acquiring building rights in Helsinki, Turku and Hämeenlinna, Finland for a total of EUR 70 mln. The Finnish construction group announced on Thursday that it has signed letters of intent with the vendor, Finnish transport company, VR-Group.
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PropertyEU Archive
Corio scoops Saint-Jacques mall in Metz for EUR 96m
Dutch listed retail investor Corio said on Thursday that it has acquired 75.8% of the Saint-Jacques shopping centre located in Metz, in the northeastern part of France, for EUR 96.4 mln, reflecting a net initial yield of 6.6%. Although the vendors cannot be disclosed, a Corio spokesperson said they are ...
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PropertyEU Archive
Orchard Street acquires Salisbury mall
Orchard Street Investment Management has acquired Old George Mall shopping centre in Salisbury, the UK on behalf of a pension fund client. The investment volume of more than £80 mln (EUR 88 mln) reflects a yield of 6%.
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PropertyEU Archive
AEW Europe names new research director
Real estate investment manager AEW Europe has appointed Sam Martin as research director within its research and strategy team based in London. He will report to Mahdi Mokrane, head of research and strategy for AEW Europe.
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PropertyEU Archive
Catella appoints new executive chairman
European finance group Catella has appointed Lennart Schuss to a new role as executive chairman of the board of the company's Nordic corporate finance unit.
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PropertyEU Archive
Union appoints new real estate director
Jens Wilhelm is taking over responsibilities for real estate on the board of Frankfurt-based Union Investment Asset Management Holding, effective 1 July. Wilhelm (45) succeeds Wolfgang Mansfeld, who is retiring.
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PropertyEU Archive
LaSalle wins European Pension Award
LaSalle Investment Management has been named the best Property Manager of the Year at the European Pensions Awards 2011. Susan Lloyd-Hurwitz, managing director of Europe, LaSalle said, 'The significance of this award is that the European pensions industry has singled out LaSalle Investment Management for distinction. Winning the 'Property Manager ...
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PropertyEU Archive
Helical Bar strengthens board with key hires
Helical Bar has further strengthened its board with the appointment of Duncan Walker as an executive director and Michael O’Donnell as an independent non-executive director.
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PropertyEU Archive
Two join C&W's Berlin investment team
Robert Kabelitz and Ronny Törpel have joined Cushman & Wakefield's investment team in Berlin as senior consultants.
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PropertyEU Archive
British Land further expands London resi portfolio
UK REIT British Land has agreed to purchase Wardrobe Court, EC4, a 71,000-sq ft (6,600-m2) residential investment property in the heart of the City of London for £57 mn (EUR 63 mln), representing a net initial yield of 4.7%.
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PropertyEU Archive
MacMillan to coordinate CEE valuations at CBRE
Graham MacMillan, CBRE's head of valuation in Hungary, has been promoted to director and coordinator of the property adviser's valuation departments throughout CEE.
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PropertyEU Archive
Soc Gen hires ex-Lehman co-head of UK real estate
Societé Generale Corporate & Investment Banking has appointed James Jakeman to head its real estate structured finance team in the UK as it seeks to increase its lending activities in the country.
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PropertyEU Archive
ULI conference: 'Industry needs consistent sustainability metrics'
A consistent approach to measuring the environmental performance of buildings and real estate investment portfolios is needed to engender real progress in the field of sustainability, the ULI trends conference in Amsterdam heard last week.
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PropertyEU Archive
RICS names director of European operations
The Royal Institution of Chartered Surveyors (RICS) has appointed Judith Gabler to the newly created position of director of operations in the EMEA region. Gabler (50) is based in Frankfurt and currently heads the German arm of RICS. In his new role, he will support the national activities of RICS ...
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PropertyEU Archive
SLI poaches LaSalle manager for Paris office
Global real estate manager Standard Life Investments (SLI) has announced the appointment of Séverine Laffineur as European Portfolio Manager in its Paris Office. Laffineur will join SLI on 18 July 2011, reporting to Daniel Mchugh.
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PropertyEU Archive
Listed European property slips 2.1% in June
Listed real estate shares, as represented in the GPR 250 Europe Index finished 2.1% lower in June 2011. The returns for individual European country indices and returns for the year to date were as follows with year-to-date performance in brackets:
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PropertyEU Archive
Blackstone to manage £1.4b of RBS debt - report
Royal Bank of Scotland is to offload £1.4 bn (EUR 1.5 bn) of high-risk UK commercial property loans into a structure controlled by private equity group Blackstone, according to a news report in The Financial Times.
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PropertyEU Archive
IGD Siiq acquires hypermarket for EUR 23.5m
Italian listed retail investor Immobiliare Grande Distribuzione (IGD) Siiq has acquired a hypermarket at the Cone shopping centre and retail park in Conegliano Veneto, northern Italy for EUR 23.5 mln.
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PropertyEU Archive
AG Real Estate buys Paris retail asset for EUR 40m
Vendôme Capital Partners, on behalf of AG Real Estate's Immo Nation fund, has acquired a retail property at 13, place de la République in Paris for EUR 40 mln. The vendor is Aberdeen's Degi Europe Retail investment fund.
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PropertyEU Archive
Auratum acquires former Nokia research centre in Helsinki
Auratum Real Estate has acquired a 10,000-m[sup]2[/sup] office property in Helsinki from Suomi Mutual Life Assurance Company. The investment volume was not disclosed.
