All Real Assets articles in Web Issue – Page 792
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PropertyEU Archive
January office take-up in central London soars 38% year-on-year
Central London office take-up had a positive start to 2012 despite figures being below that of December. Nevertheless, 840,000 sq ft (78,000 m2) changed hands in January, an increase of 38% on the same time last year, according to research by global property adviser CBRE.
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PropertyEU Archive
Alstria Office REIT raises EUR 61m for German deal
Germany's Alstria Office REIT has raised nearly EUR 61 mln via a capital increase to finance the acquisition of a EUR 95 mln core-plus office portfolio in Germany. In a statement on Wednesday, Hamburg-based Alstria said it has placed over 7 million ordinary shares at a price of EUR 8.5 ...
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PropertyEU Archive
Acquisitions boost profits at Alstria Office REIT
Germany's Alstria Office REIT posted higher than expected results in 2011 mainly due to EUR 169 mln worth of acquisitions including the EUR 85 mln purchase of offices from Vastned O/I. The Hamburg-based real estate investment trust posted total revenues of nearly EUR 91 mln last year, up 1.9% on ...
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PropertyEU Archive
WP Carey to convert to a REIT for scale advantages
Global real estate investment manager WP Carey is to convert to a real estate investment trust and merge with its existing REIT affiliate CPA:15. The REIT will be called W P Carey Inc.
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PropertyEU Archive
CBRE starts up Irish debt advisory arm
CBRE has launched a new debt advisory team in Ireland to assist banks making real estate loan sales as they look to reduce their exposure to property.
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PropertyEU Archive
Cordea Savills appoints Luxembourg boss
International property investment manager Cordea Savills has appointed Lorna Mackie to head its Luxembourg operations. Mackie will be responsible for fund corporate activities with special focus on the company's Luxembourg-domiciled funds and business entities, and continental European subsidiaries.
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PropertyEU Archive
Austerity measures dampen Madrid office market: Savills
Madrid's office investment market may have seen an ‘unbeatable’ start to 2012 following the EUR 400 mln sale of Torre Picasso, but the transaction will not set a precedent for the year ahead, property consultancy Savills has said in a report on the Spanish market.
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PropertyEU Archive
Poland leads rising demand for modern industrial space in Central Europe
Demand for modern industrial premises in Central Europe continues to grow, according to new figures from Cushman & Wakefield. In 2011, more than 3.2 million m[sup]2[/sup] of industrial stock was leased in the region, beating the previous record set in 2008.
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PropertyEU Archive
FdM to raise EUR 125m via capital increase
French real estate investment trust Foncière des Murs (FdM) has announced plans to raise around EUR 125 mln of fresh equity with a capital increase supported by its main shareholder, listed office property group Foncière des Régions.
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PropertyEU Archive
RBS reduces commercial property portfolio by 14%
Royal Bank of Scotland on Thursday said it had reduced its commercial real estate loan portfolio by 14% in 2011, bringing the decrease to 25% over the past two years.
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PropertyEU Archive
FdR predicts 'slight' increase in profits for 2012
French office landlord Fonciere des Regions (FdR) posted higher-than-expected earnings of EUR 5.23 a share in 2011, partially attributable to a tax reduction in its Italian real estate arm and lower borrowing costs.
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PropertyEU Archive
Gecina's net recurrent income expected to drop in 2012
Gecina, France’s largest listed property group, is forecasting a drop in net recurrent income in 2012 after reporting a 4.9% decline last year due to rising borrowing costs. Recurrent net income amounted fell to EUR 310 mln in 2011, but ahead of the company’s own guidance of a decline of ...
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PropertyEU Archive
Vasakronan buys in Central Gothenburg for EUR 243m
Swedish property investor Vasakronan has announced the acquisition of a commercial real estate portfolio in central Gothenburg, Sweden for SEK 2.15 bn (EUR 243 mln). The vendor is peer Diligentia.
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PropertyEU Archive
C&W, CBRE picked to market EUR 500m Valdebebas mall
European private equity group Doughty Hanson has appointed CBRE and Cushman & Wakefield to market its flagship retail development project in Northeastern Madrid.
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PropertyEU Archive
BNP Paribas in talks to sell 51% stake in Klépierre - report
French bank BNP Paribas is reportedly in talks to sell its 51% stake in its retail real estate investment trust Klépierre to Norway's sovereign wealth fund Norges Bank.
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PropertyEU Archive
Jeudan invests EUR 61m in Copenhagen
Danish property group Jeudan has purchased a portfolio of seven commercial and residential properties in Copenhagen for a total price of DKK 454 mln (EUR 61 mln). The vendor is shipping and real estate group Norden.
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PropertyEU Archive
Altarea picked to build Mercedes HQ in France
German car manufacturing group Mercedes-Benz has selected Altarea Cogedim Entreprise, in partnership with CFC Développement, to build its new French headquarters following a call for tenders launched in the summer of 2010.
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PropertyEU Archive
Munich pricing ‘bubble’ set to last due to sustained foreign demand
Strong demand from both local and foreign investors will continue to boost prices for residential assets in Munich, Jan-Baldem Mennicken, board member of Pramerica Real Estate International, said during an Investment Briefing in Amsterdam on Thursday hosted by PropertyEU.
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PropertyEU Archive
German secondary cities offer ‘safe haven’ for investors
Foreign investors are heading towards secondary cities in Germany in search of a ‘safe haven’, Timo Tschammler, head of DTZ in Germany, said during a panel discussion hosted by PropertyEU on Thursday.
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PropertyEU Archive
Trafford Centre takeover boosts CSC 2011 earnings
Capital Shopping Centres, the UK's largest publicly-traded shopping-centre owner, said its full-year underlying earnings excluding one-offs rose 43% in 2011, as takeovers boosted revenues.
