All Real Assets articles in Web Issue – Page 698
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PropertyEU Archive
RICS' first non-British president takes office
Malaysian-born See Lian Ong has taken office as the first non-British president of the Royal Institution of Chartered Surveyors (RICS). Lian Ong's election in March this year to replace outgoing president Robert Peto reflects the increasing international role played by the standards organisation.
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PropertyEU Archive
LBBW gears up for EUR 1.4b German residential sell-off
Several large German residential portfolios are to hit the market in the coming months in response to rising investor demand. Regional bank Landesbank Baden-Württemberg is likely to be one of the biggest sellers with the expected disposal this summer of a portfolio of around 24,000 units in southwestern Germany.
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PropertyEU Archive
Aberdeen aims to sell EUR 1b of Degi Europa assets by year-end
Aberdeen Asset Management plans to sell almost EUR 1 bn of assets from its Degi Europa fund which is being liquidated by the year-end, Hartmut Leser, head of distribution and country head for Germany and Austria, told PropertyEU.
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PropertyEU Archive
German investment volumes may hit EUR 25b in 2011: Savills
The German investment market is well on the way to achieving the EUR 25 bn mark in 2011, based on bullish prospects for the second half of the year and following a strong first half, according to property adviser Savills.
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PropertyEU Archive
GI Partners to build up EUR 300m property portfolio in Munich
GI Partners plans to build up a EUR 300 mln real estate portfolio in Munich through its Elystan investment platform. On Monday GI Partners, a private equity investor focused on European and North American real estate, announced that Elystan has acquired the 21,000-m[sup]2[/sup] F10 office building, the platform's second ...
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PropertyEU Archive
Aerium acquires Aberdeen office property for EUR 56m
European real estate fund manager Ærium has acquired a new office building in the centre of Aberdeen for £50.1 mln (EUR 56 mln). Ærium carried out the transaction on behalf of its trophy fund Glenn Arrow. The vendor was Scottish development group Hazledene Group.
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PropertyEU Archive
Aberdeen buys EUR 90m portfolio from Danish pension fund
Aberdeen Asset Management has acquired a EUR 90 mln commercial real estate portfolio from Danish pension fund TDC. The 104,000-m[sup]2[/sup] portfolio will be added to Aberdeen's Property Fund Denmark.
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PropertyEU Archive
LaSalle agrees two major lease extensions in Madrid
LaSalle Investment Management has agreed two major lease extensions with hypermarket operator Alcampo in Madrid. Acting on behalf of two Continental European funds, Encore+ and LaSalle Euro Growth II (LEG II), LaSalle has completed the lease extensions on La Vaguada, the tenant's office headquarters in the centre of Madrid and ...
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PropertyEU Archive
Hammerson's London boss resigns
Martin Jepson has resigned as head of the London group at UK and French real estate investment trust Hammerson. The FTSE 100 company did not give reasons for Jepson's departure in a statement on Monday, except to say he would leave later in the summer to 'explore new opportunities'.
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PropertyEU Archive
Internos closes in on hotel deals
Internos Real Investors is making 'good progress' in pursuing transactions for its two-pronged hotel investment strategy, the company's head of Hotels & Leisure Jochen Schaefer-Suren told PropertyEU in an interview. ‘If things go well, by the end of next year we could have EUR 300-400 mln under management and EUR ...
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PropertyEU Archive
Leasing skills critical for industry success: ICSC
Leasing is seen as the most essential skill within the retail property Industry, according to students who attended the 2011 International Council of Shopping Centre's European Retail Property School.
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PropertyEU Archive
Munich leads German office take-up in H1: Savills
Munich recorded the highest office take-up in Germany over the first six months of 2011, boosting take-up in the five biggest markets (Berlin, Dusseldorf, Frankfurt, Hamburg and Munich) by 13.7% compared with 2010 levels, according to new research from property adviser Savills.
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PropertyEU Archive
IFM Immobilien issues EUR 25m convertible bond
German investor and project developer IFM Immobilien plans to issue a EUR 25 mln convertible bond to generate capital for new acquisitions or developments. The transaction will be coordinated by Close Brothers Seydler Bank, which will also act as lead manager alongside BHF-Bank.
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PropertyEU Archive
Allianz acquires mixed-use asset in Berlin for EUR 70m
Allianz Real Estate Germany has acquired an 20,000-m[sup]2[/sup] office and retail asset in Berlin for about EUR 70 mln. The vendor of Friedrichstrasse 200 is a subsidiary of international real estate company Tishman Speyer.
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PropertyEU Archive
HPI restructures loan on EUR 940m Mozart portfolio
Special servicer Hatfield Philips International (HPI) said it has restructured the loan on a EUR 940 mln portfolio of 100 German commercial offices and retail premises, thereby averting a potential fire sale of the properties.
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PropertyEU Archive
AMF turns to development as investment opportunities dry up
AMF, one of the largest pension funds in Sweden, is turning to development as a way of increasing its exposure to real estate amid the current dearth of suitable investment assets in its main market Stockholm. AFM aims to boost its investments in property to between 10% and 15% of ...
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PropertyEU Archive
Futureal to develop new KPMG headquarters in Budapest
Hungarian developer Futureal said it has won a contract to develop accountancy firm KPMG’s new built-to-suit headquarters in Budapest. KPMG will occupy half the 20,000 m[sup]2[/sup] office building to be located on the Vaci út office corridor, right above a metro station. The 10-year lease will commence in 2014.
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PropertyEU Archive
MGPA, CarVal buy office development near Paris
International real estate investors MGPA and CarVal Investors have teamed up to acquire a 17,000-m[sup]2[/sup] office development near Paris.
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PropertyEU Archive
Clifford Chance Germany names new RE leader
Cornelia Thaler (44) has been appointed the new leader of law firm Clifford Chance's real estate practice in Germany. She will take up the post on September 1 for a period of four years, replacing the previous leader Klaus Minuth.
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PropertyEU Archive
Dublin office take-up rises 66% in H1- CBRE
Office take-up in Dublin rose 66% to 83,596 m[sup]2[/sup] in the first six months of 2011 compared with the year-earlier period, according to CB Richard Ellis’ latest H1 estimate for the market.
