All Real Assets articles in Web Issue – Page 746
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PropertyEU Archive
Santander postpones property sell-off
Spanish bank Santander has reportedly suspended its planned sale of EUR 2 bn worth of foreclosed assets after being offered too little money for them.
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PropertyEU Archive
CBRE sees 21% revenue increase in Q3
New York-listed real estate services firm CBRE saw revenue rise 21% to $1.5 bn (EUR 1 bn) in the third quarter despite the financial and economic uncertainty. The positive figure - which compares to some $1.3 bn in Q2 2010 - was mostly driven by strong growth in outsourcing, which ...
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PropertyEU Archive
Hammerson offloads remaining 24% of O'Parinor
UK REIT Hammerson has agreed to exercise its option to sell a further 24% interest in O’Parinor shopping centre, Aulnay-sous-Bois, near Paris to Rockspring Property Investment Managers acting on behalf of Korean pension fund NPS. Hammerson's net proceeds from the sale total EUR 106 mln.
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PropertyEU Archive
Echo Investment sells Polish shopping centre for EUR 24m
Echo Investment has sold the Echo shopping centre in Pabianice, Poland to local investor PH 3 for nearly EUR 24 mln.
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PropertyEU Archive
LGP announces internal restructuring
Legal & General Property (LGP) has announced a restructuring of its senior management team to support the growth of its business.
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PropertyEU Archive
Blackstone launches Polish retail fund
US private equity group Blackstone is launching King's Street Retail, a fund investing in Polish retail assets.
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PropertyEU Archive
Investor trio buys Carré Bréguet project in Paris
A joint venture of Stam Europe, AEW Europe and Tristan Partners has signed a forward purchase contract for the Carré Bréguet development project in the 11th arrondissement of Paris for EUR 110 mln. The vendor is Crédit Agricole Immobilier.
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PropertyEU Archive
European commercial property recovery continues: C&W
Despite the deepening of the debt crisis, European property investment markets saw trading volumes rise in Q3 to EUR 28.8 bn, according to the latest research from Cushman & Wakefield. The figure represents a 5% increase on the previous quarter and a 12.3% rise on the year-to-date.
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PropertyEU Archive
Cordea Savills launches prime London resi fund
Cordea Savills is launching the Prime London Residential Development Fund to capitalise on opportunities created by the development 'funding gap'. The vehicle - which is targeting an IRR of 18-20% per annum - will have a target size of £250 mln (EUR 285 mln) with the first closing scheduled for ...
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PropertyEU Archive
Multi's Königsgalerie Duisburg opens its doors
Multi Development's Königsgalerie Duisburg shopping centre opened its doors last week following a two-year redevelopment involving an investment of EUR 80 mln.
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PropertyEU Archive
St Modwen seeks planning permission for Etruria Valley
UK regeneration specialist St Modwen has submitted an outline planning application for the latest phase of its Etruria Valley development in Stoke-on-Trent in the UK.
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PropertyEU Archive
Germany 'natural' next place to go for SWFs
Availability of senior financing for real estate will remain tight for the next four to six years, John Carrafiell, managing partner of GreenOak Real Estate, said during a panel discussion at the inaugural DIC Asset Investors Day in Frankfurt on Thursday. ‘Banks have no choice but to shrink their balance ...
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PropertyEU Archive
Investment opportunities increase in London and Paris
The number of commercial investment properties being brought to the market in Europe has increased since the end of the summer, with £6.5 bn (EUR 7.4 bn) of offices for sale in Central London alone, according to the latest report from global property adviser CBRE.
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PropertyEU Archive
InfraRed infrastructure fund raises EUR 1.4b
InfraRed Capital Partners, the London-based asset manager created by the spin-off of HSBC Specialist Investments, has announced the final closing of its InfraRed Infrastructure Fund III. The fund received equity commitments of just over $1.2 bn (EUR 1.4 bn) from a broad range of institutional investors.
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PropertyEU Archive
Beni Stabili sells Milan retail asset for EUR 31m
Italian real estate investment trust Beni Stabili SIIQ has announced the sale of a retail building located at Milan's Via Verri. The transaction price of EUR 31 mln is in line with the property's book and market value. In a statement, Beni Stabili said it has reimbursed the existing EUR ...
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PropertyEU Archive
MPC Capital to manage EUR 350m of Dutch assets
MPC Real Estate Services, a subsidiary of MPC Capital Group, has emerged ahead of a number of rival bidders to take over the management of 10 real estate funds of Dutch bank ABN AMRO MeesPierson. In a statement on Monday, the Hamburg-based real estate fund specialist said that the operation ...
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PropertyEU Archive
Schroders to manage Invista Foundation's EUR 378m portfolio
Investment manager Schroders has been awarded the management contract for Invista Foundation Property Trust's £331 mln (EUR 378 mln) portfolio.
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PropertyEU Archive
Uplace gets building permit for EUR 600m Machelen project
Belgian urban redevelopment specialist Uplace said on Monday that it has received the building permit for its flagship Uplace Machelen mixed-use development project at Canal Zone, a former industrial area in Brussels.
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PropertyEU Archive
Broadway Malyan appoints new chairman
Global urbanism and design practice Broadway Malyan has appointed Lisbon-based director Stuart Rough as its new chairman.
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PropertyEU Archive
ECE retail fund buys City-Passage in Bielefeld
Germany's ECE Projektmanagement has confirmed the purchase of the City-Passage shopping centre in Bielefeld, in the Ostwestfalen-Lippe region. Financial details were kept confidential.
