All Real Assets articles in Web Issue – Page 819
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PropertyEU Archive
Fund managers urged to get over fear of falling
Lease maturity, not loan note maturity, is the signal that fund managers should be watching out for in their search for opportunities in the distressed real estate market, Simon Martin, partner and head of strategy and research at Tristan Capital Partners, told the annual Inrev conference in Vienna last week.
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PropertyEU Archive
Europe's listed sector down 0.5% in April: GPR
The European listed property sector posted a loss of 0.5% in April - the first monthly decline so far in 2012, according to research by GPR in Amsterdam.
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PropertyEU Archive
CBRE mandated to market 40,000-m[sup]2[/sup] Lisbon portfolio
Global property adviser CBRE has been appointed as the exclusive selling agent for a 40,000-m[sup]2[/sup] office portfolio in the Portuguese capital Lisbon.
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PropertyEU Archive
JLL posts sharp increase in Q1 profit
Jones Lang LaSalle posted a sharp increase in first-quarter net income which reached $14 mln, or 31 cents per share versus $1 mln, or 3 cent a share, in the year-earlier period.
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PropertyEU Archive
Pembroke snaps up landmark Munich mixed-use asset
US investor Pembroke Real Estate has announced the acquisition of one of Munich's most prestigious mixed-use properties, known as Maximilianhöfe, from Avestus Capital Partners. The financial details were not disclosed. However, the asset is believed to have been sold for a value between EUR 250 and 300 mln. Bank Landesbank ...
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PropertyEU Archive
Germans lead cross-border dealmaker ranking in Benelux
Germans fund managers were the largest cross-border investment group in the Benelux region last year.
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PropertyEU Archive
European office buildings face greater obsolescence: JLL
Over the next decade European office buildings face an increased risk of value depreciation and obsolescence, according to the Jones Lang LaSalle Offices 2020 research report.
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PropertyEU Archive
Non-listed funds suffer drop in returns and capital raising
Non-listed real estate funds witnessed a significant drop in returns and the level of capital raised in 2011, according to new reports issued by the European sector organisation INREV.
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PropertyEU Archive
MGPA, CarVal launch marketing of Viva project near Paris
European private equity group MGPA is joining forces with CarVal Investors to launch the marketing of its Viva office project in the Malakoff district of Paris.
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PropertyEU Archive
Dutch developers collapse as market shrinks further
A number of leading Dutch developers are on the ropes following the collapse of the real estate market. At end-April, Eurocommerce's creditors seized office buildings ahead of a court decision on the company’s insolvency. The Deventer-based developer is struggling to refinance a EUR 770 mln loan with a group of ...
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PropertyEU Archive
Outlook for Europe remains downbeat: RICS
Expectations in both the occupier and investment markets have improved across much of the world during first quarter of 2012, according to the latest RICS Global Commercial Property Survey. However, the outlook for the occupier market remains quite downbeat across much of the European Union, with the notable exception of ...
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PropertyEU Archive
High vacancies in Dutch market fail to scare German investors
German closed-end fund manager Real IS has reiterated plans to make more investments in the Dutch office market, despite the country’s exceptionally high vacancy levels, CEO Jochen Schenk told PropertyEU. Nationwide, the office market is plagued by a vacancy rate of 16%, running to 18% in Amsterdam and as high ...
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PropertyEU Archive
GSW raises EUR 190m in capital increase for acquisitions
GSW Immobilien has raised net proceeds of EUR 190 mln from a capital increase. Existing shareholders of the listed Berlin-based residential property company purchased almost all of the 9.5 million shares offered at EUR 21.3 per share. The gross proceeds came to EUR 201 mln.
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PropertyEU Archive
Invesco picks up two Berlin hotels for EUR 60m
Invesco Real Estate (IRE) has acquired two newly built four-star hotels on Berlin's Alexanderplatz for about EUR 60 mln in a sale-and-leaseback acquisition with Azure Property Group.
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PropertyEU Archive
Brazilian billionaire seals EUR 616m deal in London
Brazilian billionaire Moise Yacoub Safra is reportedly paying £500 mln (EUR 616 mln) to acquire the Plantation Place office scheme in the City of London in a loan-to-own strategy. The office scheme was tied up in a commercial mortgage-backed security (CMBS) which breached its loan-to-value conditions in 2008.
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PropertyEU Archive
Real I.S. buys German shopping centre for EUR 76m
German fund manager Real I.S. has acquired the Schlössle Galerie shopping centre in the south-western German town of Pforzheim from Deka Immobilien for EUR 76 mln.
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PropertyEU Archive
Rockspring, Vencom acquire Swedish retail portfolio
Rockspring Property Investment Managers has acquired a 45,000 m[sup]2[/sup] portfolio of retail assets in Sweden, with Vencom Property Partners acting as the local operating partner. The assets were sold by Redevco Sweden and the financial details were not disclosed.
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PropertyEU Archive
C&W adds to London markets team
Cushman & Wakefield has appointed Sharon French as partner in the property & asset management team within its London Markets group with effect from 30 April.
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PropertyEU Archive
French hedge funds give AIFMD a qualified thumbs up
French hedge funds and the securities regulator AMF believe the Alternative Investment Fund Managers Directive (AIFMD) will - more than UCITS fund vehicles - boost investor confidence in hedge funds and pave the way for potentially significant asset growth. But they caution that further steps are required to fully gain ...
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PropertyEU Archive
Union Investment strikes another deal in central Berlin
Union Investment Real Estate has carried out its second investment in central Berlin in a matter of weeks. In the latest deal, the Hamburg-based investor acquired Neue Promenade 6, a 3,140 m[sup]2[/sup] office and retail property, from a private investor. The financial details were not disclosed.
