All Real Assets articles in Web Issue – Page 704
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PropertyEU Archive
Heitman fund makes entry into Russian market
Heitman´s fourth value-added fund, Heitman European Property Partners IV (HEPP IV), has made its first investment in the Russian property market with the purchase of an office building in Moscow’s Voykovsky district from developer Capital Partners. Financial details were not disclosed.
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PropertyEU Archive
Investor trio snaps up River Ouest scheme
French institutional investors Caisse des Dépôts, Crédit Agricole´s Predica and Société Commerciale de Réassurance (Scor) have joined forces to acquire the 64,300-m[sup]2[/sup] River Ouest office complex in Bezons, a north-western suburb of Paris.
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PropertyEU Archive
TAG buys into German residential for EUR 150m
Germany's TAG Immobilien has announced the purchase of a residential real estate portfolio consisting of 3,100 apartments and 71 commercial units in northern Germany and Saxony for roughly EUR 150 mln.
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PropertyEU Archive
JLL's net income soars 27% in Q2
Jones Lang LaSalle (JLL) has posted another quarter of 'solid revenue growth' as net income rose to $44 mln in the second quarter, up 27% on last year's result of $32 mln.
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PropertyEU Archive
European office supply restricted until 2013: CBRE
New office completions in major European markets could fall by over 30% in 2011 compared with 2010 and could decline further in 2012 as the low level of construction starts during the economic crisis feeds through, according to a new report by CB Richard Ellis (CBRE).
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PropertyEU Archive
RREEF acquires logistics platform for EUR 42m
Deutsche Bank's real estate investment management arm, RREEF has acquired a 69,000-m[sup]2[/sup] logistics platform in Cestas, near Bordeaux, for a total of EUR 42 mln. The property, which is earmarked for RREEF's Grundsbesitz Europa open-ended real estate fund, was acquired from a vehicle managed by fund management firm AEW Europe. ...
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PropertyEU Archive
Savills merges Singapore property management arm with CKH Strata
Savills is merging its Singapore-based Savills Property Management business unit with CKH Strata Management. The deal sees Savills Singapore Pte acquire a 51% stake in CKH Strata Management Pte, one of Singapore's largest property management companies.
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PropertyEU Archive
Orchard St buys Cardiff Bay retail park
Orchard Street Investment Management has completed the acquisition of the Cardiff Bay retail park from Invista Real Estate Management and Schroders for £54.5 mln (EUR 62 mln), reflecting a net initial yield of 6.25%.
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PropertyEU Archive
Europe’s office markets continue to perform at two speeds: JLL
Prime office rents across Europe continued to grow modestly in the second quarter of 2011, according to Jones Lang LaSalle’s latest European Office Clock report.
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PropertyEU Archive
FdR prepares takeover of Fonciere Paris France
French listed office property giant Foncière des Régions has made an offer for its smaller peer Foncière Paris France (FPF) that values FPF at EUR 440 mln excluding assumed debt. In a statement on Wednesday, Metz-based FdR said it has already signed an agreement with four shareholder groups representing around ...
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PropertyEU Archive
Fonciere Massena makes further purchase in Marseille
French SIIC Foncière Massena has expanded its office property portfolio in Marseille with the acquisition of an 8,400-m[sup]2[/sup] building at the centre of the new Euroméditerranée district from Germany's IVG Institutional Funds. The transaction price amounts to around EUR 31 mln, excluding taxes.
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PropertyEU Archive
Ireland's Nama posts EUR 1.1b loss in 2010
Ireland's state-run bad bank, the National Asset Management Agency (Nama) unveiled a loss of EUR 1.18 bn in its first year in operation as a result of massive impairment charges of EUR 1.48 bn.
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PropertyEU Archive
CBRE's net profit rises 12% in Q2
CB Richard Ellis (CBRE) posted net profit of $61.2 mln in the second quarter of 2011, a rise of 12% year-on-year and largely due to strong property leasing and sales activities.
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PropertyEU Archive
Uncertainty takes its toll on Irish returns in Q2: IPD
Doubt at home and abroad has seen Irish property returns fall back into negative territory in the second quarter of this year. The decline of 3%, was the lowest rate since September 2009, according to the SCSI/IPD Ireland Quarterly Property Index.
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PropertyEU Archive
Coopsette, Pizzarotti JV sells retail gallery in Parma for EUR 30m
A 50/50 partnership between Italian developer Coopsette and local construction firm Impresa Pizzarotti has sold the Eurosia retail gallery in Parma, northern Italy for around EUR 30 mln, PropertyEU has learnt.
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PropertyEU Archive
C&W closes $500m of senior debt agreements
Cushman & Wakefield (C&W) has completed $500 mln worth of new senior secured credit agreements in an attempt 'to provide greater flexibility and more favourable terms to support its global growth initiatives'.
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PropertyEU Archive
C&W adds to its EMEA facilities management team
Cushman & Wakefield (C&W) has hired Andrew Smart to transform the recently acquired Corporate Occupier Solutions into 'a major new service line' for the group.
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PropertyEU Archive
Köntgen appointed new chairman of Eurohypo
German bank Eurohypo has appointed Thomas Köntgen as new chairman of the board of managing directors with effect from 1 September 2011. He is taking over from Frank Pörschke, who is leaving the bank by mutual agreement.
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PropertyEU Archive
Rinascente owners close operational sale to Thailand's Central Retail
Shareholders in the Italian department store group Rinascente on Thursday finalised the sale of the operational business to Centrail Retail Corporation (CRC), Thailand's largest retail group. The transaction price amounted to EUR 205 mln in cash and the assumption of EUR 55 mln in debt.
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PropertyEU Archive
Europe's property market reflects divided recovery: RICS
Despite the recent economic difficulties, most commercial property markets remain robust, with the largest economies of Germany and France reporting strong performances, according to the latest RICS Global Commercial Property Survey published on Thursday.
