All Real Assets articles in Web Issue – Page 701
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PropertyEU Archive
Deka buys logistics property in Netherlands
German fund manager Deka Immobilien has bought a logistics property in the southern Dutch city of Tilburg from developer Somerset Real Estate. The two parties agreed not to disclose the purchase price.
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PropertyEU Archive
CBRE expands pan-Ireland retail team
Property adviser CB Richard Ellis has appointed Shane Cahir and Niamh Riney as associate directors in its new pan-Ireland Retail Team. The team's first major mandate is joint letting agent, alongside Dublin-based Bannon Commercial, as joint letting agent for the 24,000-m[sup]2[/sup] Ilac shopping mall in the centre of the Irish ...
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PropertyEU Archive
WDP names new chief financial officer
Warehouses De Pauw (WDP) has named Mickaël Van den Hauwe as the new chief financial officer of the Euronext-listed closed-end real estate investment company. Van den Hauwe graduated as a commercial engineer from the Solvay Business School (Brussels). After gaining initial experience in the controlling department at Unilever Bestfoods Belgium, ...
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PropertyEU Archive
Pramerica forms French development JV to generate opportunistic returns
Pramerica Real Estate Investors said on Monday it has created a EUR 150 mln joint venture with French developer Groupe Hoche in a bid to meet the demand for new office and residential space among institutional clients.
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PropertyEU Archive
Segro eyes speculative developments in Europe
UK REIT Segro is gearing up to develop speculative projects in select locations in Continental Europe. In its home market in the UK, Segro is already working on some speculative development at Slough Estate but it also sees opportunities in France, Germany and Poland, according to Andrew Gulliford, managing director ...
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PropertyEU Archive
WDP to develop 50,000 m[sup]2[/sup] logistics scheme in Belgium
Warehouses De Pauw, a Euronext-listed closed-end real-estate investment company, plans to develop a 50,000 m[sup]2[/sup] logistics site in the city of Genk in Limburg, Belgium. For the project, WDP has agreed to buy a 18,000 m[sup]2[/sup] property on an existing WDP site in Genk adjacent to the development site.
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PropertyEU Archive
Redevco revamps 7,000m[sup]2[/sup] retail site in Gouda
European real estate group Redevco is to redevelop a 7,000-m[sup]2[/sup] retail at Kleiweg 24-48 in the central Dutch city of Gouda. Construction work is scheduled to start in the first quarter of 2012, with delivery set for the autumn of that year.
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PropertyEU Archive
Deka sells Essen office property for EUR 12m
Fund manager Deka Immobilien has sold a 4,000-m[sup]2[/sup] office and administration property in the German city of Essen for EUR 12 mln. The property at Waldthausenpark 4 was acquired by the sole tenant, Geno Bank Essen.
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PropertyEU Archive
European retail investment up 34% in Q2: JLL
Direct investment in European retail real estate reached EUR 4.9 bn during the second quarter of 2011, with Russia and Poland showing significant activity, new research from Jones Lang LaSalle shows. Total investment volumes for the year to date now stand at EUR 13.6 bn, up 34% on the same ...
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PropertyEU Archive
Germany headed for EUR 20b investment in 2011: Colliers
Property services firm Colliers International has maintained its forecast that real estate investment volumes in Germany will likely reach more than EUR 20 bn this year, based on a strong first half in which transaction volumes totalled some EUR 11 bn. The H1 figure represents a 24% increase on the ...
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PropertyEU Archive
HIH fund acquires EUR 27m asset in Hamburg
German closed-end fund manager Hamburgische Immobilien Handlung (HIH) has bought an office and commercial property in Hamburg for a special fund managed on behalf of Warburg-Henderson. The purchase price was not disclosed but the fair value of the property is around EUR 27.5 mln. The vendor is a ...
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PropertyEU Archive
European investment slows amid debt concerns: CBRE
European property investment activity slowed to EUR 25 bn in the second quarter of 2011, reflecting growing uncertainty in Europe as a result of the continuing sovereign debt crisis, according to the latest data from CB Richard Ellis.
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PropertyEU Archive
Colonia unit merges with asset manager Larus
Colonia Real Estate Solutions, a subsidiary of Frankfurt-listed property investment and management firm Colonia Real Estate, is to merge with Larus Asset Management, becoming the fourth-largest provider of property services in Germany with a real estate volume of around EUR 4 bn.
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PropertyEU Archive
HDG Mansur taps investor demand for income-producing assets
International real estate company HDG Mansur is aggressively seeking to raise up to $500 mln (EUR 352 mln) of equity in the US and Europe to tap into investor demand for income-producing assets.
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PropertyEU Archive
Corestate strengthens pan-European team
Corestate, a private equity investor based in Switzerland, has made a number of appointments aimed at strengthening its European investment and asset management services. The firm has recruited Jerry Melchionna to its origination team in its London office as well as a director and two associates to its London and ...
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PropertyEU Archive
CEE investment volume hits EUR 5.3b in H1: CBRE
Real estate investment turnover in Central and Eastern Europe (CEE) reached EUR 5.3 bn in H1 2011, reflecting continued strong growth in the prime segment, according to the latest data from CB Richard Ellis (CBRE). The H1 figure brings the year-to-date investment volume in the region close to the full-year ...
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PropertyEU Archive
German office take-up rises 19% in H1: Colliers
Office take-up in the six biggest markets in Germany was up almost 19% at around 1.42 million m² in the first six months of 2011 compared with the year-earlier period, new figures from Colliers International show.
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PropertyEU Archive
Unibail-Rodamco sees strong rental growth in H1
Unibail-Rodamco, the largest listed property company in Europe, has reported EUR 647 mln in net rental income for the first half of 2011, a like-for-like increase of 5.5%.
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PropertyEU Archive
Alstria acquires office building in Stuttgart for EUR 16m
Hamburg-based Alstria Office REIT has acquired a property in Stuttgart for EUR 15.9 mln, reflecting an initial yield of 8.2%. The investment volume for the 8,340 m[sup]2[/sup] property comes to EUR 1,903 per m[sup]2[/sup]. The identity of the vendor was not disclosed.
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PropertyEU Archive
MWB agrees EUR 99m hotel leaseback with Deka and LGP
London-listed hotel group MWB has sold four of its Malmaison hotel projects at a big discount to pay down debt in a sale-and-leaseback deal with funds managed by Germany's Deka Immobilien and UK-based Legal and General Property (LGP). Deka and LGP paid £86.8 mln (EUR 99 mln) in cash for ...
