All Real Assets articles in Web Issue – Page 748
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PropertyEU Archive
Investment property to be excluded from leasing rules overhaul
The two main accounting standards bodies globally have made a preliminary decision to exclude all investment property lessors from a proposed major overhaul of rules for how businesses recognise lease transactions, the European Public Real Estate Association (EPRA) said on Wednesday.
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PropertyEU Archive
Zeppelin mall expansion opens in Finland
Helsinki-based listed property company Sponda has announced the inauguration of expanded Zeppelin shopping centre in Kempele, northern Finland.
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PropertyEU Archive
Goodman, Europa Capital to build 30,000-m[sup]2[/sup] facility in Kent
Global property group Goodman and real estate investment manager Europa Capital have received outline planning consent to develop 325,000 sq ft (30,000 m2) of industrial space at their 16-acre site in New Hythe near Aylesford, Kent, UK.
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PropertyEU Archive
Prime Office extends EUR 100m loan, raises 2011 estimates
Germany's Prime Office REIT has raised its full-year forecasts after posting a positive net rental income result in Q3 of over EUR 49 mln.
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PropertyEU Archive
JLL reports 28% revenue increase in Q3
International property services firm Jones Lang LaSalle has reported a higher-than-expected increase in revenue to $903 mln (EUR 655 mln) in the third quarter, largely driven by the $319 mln acquisition of King Sturge earlier this year. The EMEA region reported the strongest growth, with a 46% rise to $247 ...
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PropertyEU Archive
Sponda secures EUR 375m syndicated facility
Finnish listed property firm Sponda has been granted a new five-year loan for a total of EUR 375 mln from a syndicate of Nordic banks Nordea, Pohjola, Skandinaviska Enskilda, Danske and Swedbank.
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PropertyEU Archive
Aberdeen's Degi Europa sells Westend Gate in Frankfurt
Aberdeen's frozen open-ended property fund Degi Europa has reportedly agreed to sell the Westend Gate tower in Frankfurt's financial district to US investor RFR Holding, according to a news report in German newspaper Financial Times Deutschland.
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PropertyEU Archive
C&W adds to Warsaw industrial team
Marek Kiwak has joined the industrial department of Cushman & Wakefield in Poland as a build-to-suit manager. Kiwak has seven years of professional experience working for Emmerson, Jones Lang LaSalle and CB Richard Ellis, where he was responsible for leasing industrial properties. In 2010, he joined King Sturge as head ...
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PropertyEU Archive
Henderson buys Plein Air retail gallery in Blanc Mesnil
Henderson Global Investors has purchased the commercial gallery within the Blanc-Mesnil shopping centre in the new La Molette district of Blanc Mesnil, to the north-east of Paris. Financial details were not disclosed. The vendors are developer Immobilière Frey and SCI Eiffel Molette, which separately owned a 50% share each.
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PropertyEU Archive
Alpha finishes Munich scheme on time despite archaeological find
Property company Alpha Industrial has completed and handed over a 18,500 m[sup]2[/sup] logistics distribution centre in the Logistikpark München Ost on schedule to packaging wholesaler Ratioform. Construction took just five months even though archaeological finds relating to the Beaker Culture were found during the work. The objects were presented to ...
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PropertyEU Archive
Whitewood Capital fund gets Belgian REIT status
Whitewood Capital Group has been granted real estate investment trust status from the Belgian Financial Services and Markets Authority for its intended core-plus commercial offices fund. Whitewood is the first real estate investment manager to be accredited with the status based on the new Belgian Royal Decree on REIT’s which ...
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PropertyEU Archive
Pramerica teams up with Hkm in Böblingen mall development
Pramerica Real Estate Investors is teaming up with local developer Hkm to build a new shopping centre in Böblingen, to the south of Stuttgart, in Germany.
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PropertyEU Archive
Dutch investor moves in on Ealing Broadway mall
Dutch listed real estate company Wereldhave is closing in on the acquisition of Ealing Broadway shopping centre in London. The asset is valued at some £153 mln (EUR 177 mln), which is said to reflect a yield of 6.1%.
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PropertyEU Archive
Domestic buyers dominate Spanish market: Savills
Domestic investors are taking centre stage in Spain's investment market, accounting for 66.2% of transactions in the first nine months of the year, up from 33.3% in the same period in 2010, according to international real estate advisor Savills.
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PropertyEU Archive
Tim Turnbull joins Europa Capital
Europa Capital has announced that Tim Turnbull, previously chief investment officer at Hermes Real Estate, has joined its management team with responsibility to expand Europa's fund relationships. Turnbull joined Hermes in 2005 and was also a director of two operating businesses, MEPC and Argent, and member of Brockton Capital Fund ...
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PropertyEU Archive
European prime CBD office rents continue to rise: Savills
Prime CBD office rents across European office markets will continue to rise over the next quarter, with a 3.1% year-on-year increase expected in Q411, property services firm Savills said on Thursday.
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PropertyEU Archive
CBRE launches sustainability checklist
CBRE has launched a sustainability checklist aimed at establishing an evidentiary base allowing property valuers to directly correlate the impact of sustainable building attributes to the value of an asset.
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PropertyEU Archive
Patel leaves DTZ to join Henderson's London office funds
Henderson Global Investors has hired Ilna Patel as assistant portfolio manager for its Central London Office Funds (CLOF I and CLOF II). Working alongside fund managers Clive Castle and Nick Deacon, Patel will be based in Henderson's London office where she will support new business initiatives and investment activity as ...
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PropertyEU Archive
US groups muscle into UK property lending market
Six new lenders – including US players GE Capital, AIG and Jefferies International - entered the UK commercial property market in the second half of 2011, according to property adviser Savills.
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PropertyEU Archive
Frozen SEB ImmoInvest fund sells 10 assets for EUR 680m
SEB Asset Management has sold 10 properties from its frozen open-ended real estate fund SEB ImmoInvest for a total of EUR 680 mln. The aggregate price was 0.5% above the current market values for the buildings.
