All Real Assets articles in Web Issue – Page 716
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PropertyEU Archive
PropertyEU Magazine - September 2011
The September 2011 edition of PropertyEU Magazine looks at the Top European investors. Listed property companies lag behind their non-listed counterparts in the race for the biggest investment deals in Europe, PropertyEU's annual ranking of top investors for H1 2011 and full-year 2010 reveals. Private equity investors and institutional players ...
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PropertyEU Archive
French REIT sells Paris office for EUR 63m
French REIT Foncière des 6ème et 7ème arrondissements de Paris has announced the sale of an office building for EUR 63 mln.
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PropertyEU Archive
Apollo set to buy Westimmo
State-controlled German bank WestLB is in exclusive talks to sell its real estate finance unit Westimmo to private equity investor Apollo Global Management, PropertyEU Magazine reports.
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PropertyEU Archive
Ecorys appoints new real estate partner
European research and consulting group Ecorys has announced the appointment of Jan Prins as associate partner of its real estate development division.
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PropertyEU Archive
CMBS market emerges from the shadows
Europe's CMBS market is emerging from the shadows after four years in the doldrums, sending a signal to the market that it is once again a credible source of debt capital. In August, Deutsche Bank underwrote £450 mln (EUR 513 mln) of new UK loans which are likely to form ...
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PropertyEU Archive
Multi to open major two Dutch inner-city schemes in September
European retail developer Multi Corporation is set to open two urban projects in the Netherlands in September. The projects include the first expansion phase of downtown Nieuwegein near Utrecht, and the new town square (Stadsplein) of Spijkenisse near Rotterdam.
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PropertyEU Archive
Moody's upgrades PEPR following unit offering
Moody's Investors Service has upgraded Prologis European Properties' (PEPR) corporate credit rating to Baa3, with stable outlook, from Ba1.
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PropertyEU Archive
Fresh jitters unnerve market
The transaction market began 2011 with gusto but the ongoing debt crisis has gradually whittled away at investor confidence and cast a shadow over H2.
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PropertyEU Archive
Deutsche Pfandbriefbank mulls EUR 1b Jumbo issue
Deutsche Pfandbriefbank, the core bank of Germany's HRE Group, takes to the road on Monday to drum up support for its first Jumbo Pfandbrief issue this year, a spokesman for the lender told PropertyEU.
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PropertyEU Archive
Tishman Speyer leases 37,600 m[sup]2[/sup] in Paris' Le Lumiere
US property company Tishman Speyer has leased 37,600 m[sup]2[/sup] in Le Lumiere office building in the 12th arrondissement of Paris to the French Ministry of Home Affairs. BNP Paribas Real Estate brokered the transaction, the largest leasing deal reported in the French office market since 2005.
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PropertyEU Archive
MRM offloads Paris offices for EUR 40m
French listed commercial real estate company MRM has signed an agreement with peer Fonciere LFPI regarding the sale of two fully let office buildings to the west of Paris for a total of nearly EUR 40 mln.
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PropertyEU Archive
Deutsche Euroshop buys 50% of Allee-Center Magdeburg
German listed shopping center investor Deutsche Euroshop has bought a 50% stake in the Allee-Center in Magdeburg from Franco-Dutch group Unibail-Rodamco for EUR 118 mln. The net initial yield - based on an expected revenue in 2012 of EUR 7.8 mln - is just under 6%.
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PropertyEU Archive
Invesco aims to double equity in hotel fund by year-end
Invesco Real Estate (IRE) aims to double the initial equity of its second pan-European hotel fund to around EUR 170 mln by the end of the year, Simon Redman, head of product management, has told PropertyEU. 'We are looking at a few deals. I hope we will have at least ...
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PropertyEU Archive
Multi, AM start work on New Hague Passage
The Dutch arm of Multi Development has announced the start of construction for its New Hague Passage project in partnership with developer AM. The scheme - designed by T+T Design, Multi's in-house design company - involves an investment of around EUR 80 mln.
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PropertyEU Archive
Worsening bank crisis may hit property deals
The renewed market focus on the financial problems of Italy and Spain, and subsequently European banks could ultimately have a negative impact on property transactions, Rob Wilkinson, Chief Investment Officer at AEW Europe, told PropertyEU. 'The difficulties in the interbank market could once again create flow-on effects for borrowers with ...
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PropertyEU Archive
ECE in talks to buy first Italian mall
Germany's ECE Projektmanagement is in due diligence to acquire the Megalò shopping centre in the central Italian city of Chieti from SEB Asset Management, PropertyEU has learned. A source close to the negotiations process confirmed on Tuesday that the company is in advanced talks to buy the shopping centre in ...
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PropertyEU Archive
Hochtief sells Casanova scheme in Stuttgart
Hochtief Projektentwicklung has sold the Casanova mixed-use building in Stuttgart, Germany, to Plusalpina Real Estate Advisors, a subsidiary of Frankfurt-based property management group Conren Land. The companies agreed not to disclose the financial details of the transaction.
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PropertyEU Archive
Stocks tumble on debt fears
European real estate stocks have dropped sharply over the summer on the back of mounting fears over a double dip recession. The unfolding of the eurozone's debt crisis, coupled with prospects for slower economic growth, has sent shockwaves through the listed sector, prompting a nearly 16% share price drop throughout ...
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PropertyEU Archive
Metrovacesa swings back to profit in H1
Metrovacesa swung back to a profit of over EUR 15 mln in the first six months of the year, versus a loss of EUR 15 mln in the same period a year before. The positive result was mostly due to lower writedowns across its property portfolio.
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PropertyEU Archive
Prelios shares up 10% on news of EUR 248m Karstadt sale
Prelios' shares gained nearly 10% reaching EUR 0.27 per share on Wednesday after the company announced the closing of the sale of the Karstadt Oberpollinger and Karstadt Sports properties in Munich for around EUR 248 mln. The assets were sold for a price in line with market value to a ...
