All Real Assets articles in Web Issue – Page 802
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PropertyEU Archive
Mingazzini joins Estavis board
German listed residential property company Estavis has appointed Jacopo Mingazzini to its executive board. Jacopo Mingazzini is managing director of Accentro, a private limited company which he formed in 1999, and which was acquired by Estavis in May 2011.
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PropertyEU Archive
Strong overseas demand in London to continue: Savills
London's City and West End markets both witnessed increased activity from overseas investors during 2011, which is set to continue throughout 2012 as the UK capital retains its ‘safe-haven’ status, according to property adviser Savills.
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PropertyEU Archive
TK Development puts Prague retail outlet up for sale
Danish listed property company TK Development and UK-based LMS Outlets have put their Fashion Arena Outlet Center near Prague on the market. Fashion Arena is the only outlet centre in the Prague area and the largest retail asset on sale in Prague at the moment.
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PropertyEU Archive
JLL names Trish Maxon as HR officer
Jones Lang LaSalle has announced that Trish Maxson will join the firm as chief human resources officer, effective 2 April 2012. Maxson will be responsible for directing Jones Lang LaSalle’s human resources strategies globally and will report to the firm's president and CEO Colin Dyer.
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PropertyEU Archive
Helios JV seals 25,300-m[sup]2[/sup] pre-let in Germany
A partnership of logistics property investor and developer Helios Europe and the Episo fund has let a 25,300-m[sup]2[/sup] built to suit logistics centre at Direct Link Park Leipzig, to German 3PL Nagel Group.
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PropertyEU Archive
Atrium reports higher earnings for 2011
Atrium European Real Estate, a developer of shopping centres in Central and Eastern Europe, reported net rental income increased by 15.1% to EUR 154.9 mln in 2011 thanks to the addition of three new malls in Poland and the Czech Republic. On a like-for-like basis, NRI rose 8.6% to EUR ...
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PropertyEU Archive
Italy's Risanamento posts EUR 75m loss in 2011
Italian listed property developer Risanamento reported fresh losses in 2011 but said its operating result returned into positive territory for the first time since the onset of the credit crisis.
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PropertyEU Archive
IGD SIIQ secures EUR 30m loan from Intesa SanPaolo
Italian retail specialist IGD SIIQ has been granted a EUR 30 mln, five-year credit facility by lender Intesa SanPaolo at a cost of 310 basis points over the three-month Euribor rate.
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PropertyEU Archive
Topland aims to buy EUR 360m of UK property
European property investor Topland plans to spend at least £300 mln (EUR 360 mln) on unleveraged real estate transactions in the UK, a 100% increase on its deal volume in the market last year.
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PropertyEU Archive
Testa offloads Barcelona office scheme for EUR 53m
Testa Inmuebles en Renta, part of Spanish construction group Sacyr Vallehermoso, has sold an office building in Barcelona for EUR 53.5 mln, generating a gross profit of nearly EUR 22 mln.
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PropertyEU Archive
Spanish secondary assets may hit double-digit yields
Yields for some secondary commercial properties in Spain have hit double-digit figures due to the complete lack of financing for this type of product, Roger Cooke, head of Cushman & Wakefield in Spain, told PropertyEU.
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PropertyEU Archive
Savills doubles losses on European business as revenue shrinks further
UK-listed property adviser Savills booked underlying losses of £8.8 mln in 2011 (2010: £4.3 mln loss) on its European transaction business after revenue from its Continental European commercial unit contracted by 14% to £26 mln in 2011 from £30.2 mln the year before. After two years of restructuring, Savills made ...
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PropertyEU Archive
Wainbridge courts private money for lending initiative
Boutique property investor-developer Wainbridge Capital is seeking 'a couple of hundred million' of equity commitments from high-net-worth individuals keen to access real estate via senior and mezzanine lending. ' In today's market, with the existing funding gap, lending can provide equity-type returns without the need to take the equity risk, ...
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PropertyEU Archive
France's Icade files tender offer for Silic
French listed property group Icade has filed its tender offer for peer group Silic in a move which will create the largest business park owner in France, with a portfolio of over EUR 10 bn.
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PropertyEU Archive
German open-ended funds see performance gap widen
German open-ended real estate funds as a whole returned 0.1% in February, but returns on funds with a global focus dropped to a negative result of 0.4%, according to the recently published OFIX-monthly report of Investment Property Databank.
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PropertyEU Archive
Catalunya Caixa puts EUR 150m Spanish assets on the market
Catalunya Caixa is seeking a buyer for EUR 100-150 mln of retail assets in Spain, PropertyEU has learned.
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PropertyEU Archive
Property investors cite London as top target in 2012
Property investors in Europe view the UK as the most attractive market for purchases in 2012, while London stands out as the single most attractive city, according to research by global property adviser CBRE.
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PropertyEU Archive
Deka bags four-star hotel in Amsterdam
German fund manager Deka Immobilien has acquired the four-star American Hotel in Amsterdam in a sale-and-leaseback deal with Hampshire Hospitality.
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PropertyEU Archive
Hearthstone appoints Hawkins as assistant fund manager
Hearthstone Investments, a UK residential property fund manager, has appointed Lucy Hawkins as assistant fund manager.
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PropertyEU Archive
Patron Capital appoints former Lloyds executive
European private equity group Patron Capital Partners has appointed Mark Collins to spearhead its £1 bn (EUR 1.2 bn) spending spree in the UK market over the next 12 months.
