All Real Assets articles in Web Issue – Page 754
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PropertyEU Archive
UK growth flat-lines as euro woes worsen: IPD
Capital growth in the UK finally drew to a close in October as the continuing crisis in the eurozone, and the very real doubts about its resolution, took their toll on occupier demand and investor sentiment. Total return for October was almost entirely income driven, at 0.6%, according to the ...
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PropertyEU Archive
Mirland gets loan for mixed-use project in St Petersburg
Russian listed residential and commercial property developer Mirland has been granted a new $41 mln (EUR 30 mln) credit line from local lender SberBank.
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PropertyEU Archive
Lease premiums soar in London as retailers jostle for space
Leading retailers are paying multi-million-euro pound lease premiums, or key money, in London as the race for space continues on top high street locations such as Oxford Street, Regent Street and Bond Street. According to figures released by Cushman & Wakefield, US retailer Forever 21 recently paid a staggering £13.75 ...
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PropertyEU Archive
Aon signs 20,000-m[sup]2[/sup] pre-let at London's Leadenhall tower
The 50:50 joint venture between British Land and Oxford Properties has reached an agreement with insurance giant Aon for a pre-letting of 18,000 m[sup]2[/sup] at the Leadenhall tower in London. The letting represents one-third of the 56,700 m[sup]2[/sup] office tower which is under construction for delivery in mid-2014.
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PropertyEU Archive
Plaza Centers opens 10th mall in Poland
Real estate developer Plaza Centers has completed and opened Toruñ Plaza, its 10th shopping centre in Poland and its 31st in Central and Eastern Europe.
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PropertyEU Archive
Metric launches EUR 175m retail JV with USS
UK retail REIT Metric Property Investments has created a £150 mln (EUR 175 mln) joint venture with local pension fund Universities Superannuation Scheme to acquire small, high-yielding retail parks across the country.
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PropertyEU Archive
Frey JV to launch EUR 200m of retail funds
French listed retail park specialist Frey is joining forces with Credit Agricole's life insurance unit Predica and Belgium's AG Real Estate (formerly Fortis Real Estate) to launch two retail investment vehicles with a total spending power of EUR 200 mln.
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PropertyEU Archive
French furniture retailer seals EUR 200m leaseback
French furniture retailer BUT has sold a portfolio of 25 stores across France for a total of EUR 200 mln. The buyers are Shopping Property Fund 1, an OPCI investment vehicle managed by BNP Paribas, and investment firm Compagnie de Phalsbourg.
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PropertyEU Archive
BBVA creates EUR 30b property arm
Spanish banking group BBVA has confirmed plans to transfer some EUR 30 bn of property assets to a new property division.
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PropertyEU Archive
Cofinimmo launches EUR 500m healthcare JV with Orpea
Belgian listed property firm Cofinimmo is partnering with French nursing home operator Orpea to launch a new healthcare property unit which will target a size of up to EUR 500 mln over five years.
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PropertyEU Archive
Hochtief sells building in Berlin for EUR 65m
German developer Hochtief has sold an office development in the Mitte district of Berlin to two church organisations for EUR 65.4 mln.
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PropertyEU Archive
'Core' accounts for 80% of European property market
Vehicles targeting core assets account for the overwhelming majority of the European real estate fund industry, reflecting an increasing risk aversion among fund managers and investors, according to new research from advisory firm Swisslake.
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PropertyEU Archive
Idea Fimit fund launches tender for Italian assets
Beta Fund, a closed-end real estate fund managed by Idea Fimit, is seeking a buyer for part or all of its property portfolio in Italy.
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PropertyEU Archive
BAM sells prime retail development in Glasgow
BAM Properties, the UK development arm of Euronext-listed Royal BAM Group, has sold the final part of its £37 mln (EUR 43 mln) retail development on Glasgow's Buchanan Street to a client of La Salle Investment Management for £24.5 mln, reflecting a yield of 5%.
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PropertyEU Archive
Redevco to start construction on Belgian retail park
European private retail specialist Redevco is to start construction work on a 30,800 m[sup]2[/sup] retail park in Belgium at the beginning of 2012. The park is scheduled to open in autumn 2013.
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PropertyEU Archive
Bouwfonds REIM's CEO Jean Klijnen to step down
Bouwfonds REIM's chief executive officer Jean Klijnen is stepping down as a board member of Bouwfonds REIM and as a member of the main board of directors of Rabo Real Estate Group for health reasons.
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PropertyEU Archive
MAPIC: NEPI backs 36,000m[sup]2[/sup] mall project in Bucharest
New Europe Property Investments (NEPI) is backing the development of a 36,000 m[sup]2[/sup] shopping centre in the Romanian capital Bucharest. The company has formed a joint venture for the Victoria City Center project with developers Benevo Capital and CD Capital.
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PropertyEU Archive
MAPIC: three European cities in most expensive retail top 10
Just three European cities - London, Zurich and Paris - appear in CBRE's ranking of the top 10 most expensive shopping destinations in the world.
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PropertyEU Archive
Icade seals EUR 112m hospital portfolio deal in France
Icade, the French property arm of Caisse des Dépôts, has bought four medical clinics from operator Médi-partenaires for a total of EUR 112 mln.
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PropertyEU Archive
Demand for office space to shrink 20% by 2050: Colliers
Europe is set to see a 20% drop in demand for office space over the next few decades, a new research report issued by Colliers International predicts.
