All Real Assets articles in Web Issue – Page 787
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PropertyEU Archive
Abu Dhabi recruits ex-Carrefour property boss
Abu Dhabi Investment Authority has appointed Pascal Duhamel as head of European real estate investments. Duhamel stepped down as head of the property arm of Carrefour in November last year after the French retail giant suspended plans to spin off the division due to worsening market conditions.
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PropertyEU Archive
Development Securities confirms NAMA talks
London-listed developer Development Securities has confirmed it is in talks with the Irish National Asset Management Agency (NAMA) about buying various assets.
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PropertyEU Archive
Germany and Poland to emerge strongest from crisis: Union
The German and Polish property markets will come out of the euro debt crisis more strongly than any other country in Europe, according to Union Investment's latest investment climate study which polled 167 property investors in Germany, France and the UK.
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PropertyEU Archive
Russian retailer moves into Poland
Russian footwear and accessories retailer Kari has announced plans to open 30 stores in selected shopping centres and galleries in Poland during 2012. Jones Lang LaSalle is advising Kari on acquiring suitable retail spaces and developing the brand's expansion strategy for the Polish market.
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PropertyEU Archive
LaSalle creates $1b global investment JV
Global investment firms LaSalle and Quantum Global Real Estate have created a joint venture to invest in large real estate assets around the globe. The initial focus is expected to be Australia, France, Germany, the UK and the US.
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PropertyEU Archive
Polish real estate volumes hit four-year high in 2011
Polish real estate investment volumes reached EUR 2.5 bn last year - the highest level since 2007, according to Jones Lang LaSalle. The transaction volumes across all sectors in 2011 marked a 28% increase year-on-year and over three and a half times the level recorded in 2009.
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PropertyEU Archive
Prime office rents edge up in Q4 2011: JLL
Global real estate markets are showing steady improvements even though economic uncertainty still affects the main centres, according to Jones Lang LaSalle's new suite of global forecasting reports.
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PropertyEU Archive
Blackstone acquires UK industrial portfolio for EUR 252m
US private equity firm Blackstone has acquired the 13-asset Teal industrial property portfolio in the Midlands and North-East of the UK for a total of EUR 252 mln.
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PropertyEU Archive
Funds propel French volumes in December-January to EUR 4b
Non-listed funds propelled French real estate investment volumes into second place behind the UK in the last two calendar months, according to data on the most active European markets at the turn of the year from PropertyEU Research.
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PropertyEU Archive
DTZ sees debt funding gap rising 50%
The debt funding gap for commercial real estate in Europe is set to increase by up to 50% by 2014, or a total of $249bn (EUR 188.2 bn), as new regulations force European banks to deleverage, DTZ claims in its newly published Global Outlook for 2012.
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PropertyEU Archive
Blackstone fund acquires 6th mall in Poland
US private equity group Blackstone has announced the acquisition of Galeria Têcza shopping mall in the Polish city of Kalisz for EUR 37 mln. The vendor was Warsaw-listed real estate developer/investor Rank Progress.
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PropertyEU Archive
Eurozone break-up would pressure rents and capital values
A break-up of the eurozone would lead to more enduring downward pressure on rents in Europe, especially in those countries that exit the monetary union, DTZ claims in its Global Outlook report for 2012.
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PropertyEU Archive
French investment climate deteriorates most: Union
The property investment climate in France deteriorated more than in the UK and Germany over the six months to end-2011, according to Union Investment's latest survey which polled 167 investors in Germany, France and the UK.
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PropertyEU Archive
Dubai World gears up to sell Gazeley: report
International logistics property developer Gazeley may be put up for sale by its owner Economic Zones World (EZW), according to anonymous sources cited by Reuters news agency. EZW, a unit of Dubai World, is considering the sale to help repay £1.3 bn (EUR 1.5 bn) of debt, according to the ...
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PropertyEU Archive
Cofinimmo beats own expectations in 2011
Belgian listed property group Cofinimmo posted a net result per share of EUR 7.45 in 2011 and said it expects to deliver a similar result in 2012.
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PropertyEU Archive
PEPR to focus on further deleveraging in 2012
Prologis European Properties (PEPR) plans to improve its credit rating in 2012 through further deleveraging, the Amsterdam-listed distribution space specialist said at the announcement of its 2011 results this week.
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PropertyEU Archive
Metlife, Deka JV funds £315m UK logistics purchase
MetLife's Metropolitan Life Insurance Company arm has teamed up with DekaBank to fund the acquisition of the UK Logistics Fund (UKLF).
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PropertyEU Archive
IVG, Garbe launch EUR 400m logistics fund
IVG Institutional Funds is partnering with German logistics developer and asset manager Garbe Logistic to establish a EUR 400 mln investment fund, IVG Garbe Logistik Fonds.
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PropertyEU Archive
Mercialys to offload EUR 500m of assets in strategic shift
Mercialys, a French shopping centre REIT 50%-owned by retailer Casino, has announced plans to sell off EUR 500 mln of assets and to distribute EUR 1.25 bn in one-off dividends in 2012 as part of a new strategic focus.
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PropertyEU Archive
Financing agreed for Zuidas development in Amsterdam
Dutch government authorities have agreed to allocate a total of EUR 1.4 bn for the further development of the prestigious Zuidas business district in the south of Amsterdam.
