All Real Assets articles in Web Issue – Page 822
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PropertyEU Archive
EPRA: Spanish tax reform undermines property market
The Spanish government's introduction of new legislation to restrict interest deductions for taxation purposes could further reduce the flow of international capital into domestic commercial property, exactly at a time when the depressed local market is an important factor weighing on Spain's recession-hit economy, the European Public Real Estate Association ...
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PropertyEU Archive
Foreign investors make up 98% of Q1 Polish property volumes
Non-domestic investors accounted for 98% of the EUR 728 mln of real estate investment volume in the Polish market during the first three months of 2012. The total volume was up 21% on the same period in 2011, according to research by Savills.
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PropertyEU Archive
Sonae Sierra sees 25% increase in Q1 net result
International shopping centre group Sonae Sierra reported a net result of EUR 13 mln in the first quarter of 2012, up 25% on the year-earlier period.
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PropertyEU Archive
Union poised to buy EUR 170m mall in Saarbrücken
Union Investment is reportedly set to acquire the Europa-Galerie shopping centre in Saarbrücken, Germany from fund manager Credit Suisse.
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PropertyEU Archive
Unibail-Rodamco to buy 2 Portguese malls for EUR 500m - report
Unibail-Rodamco is poised to acquire two shopping centres in Portugal for a total of EUR 500 mln, newswire Bloomberg reported on Wednesday. Europe's largest listed real estate company is entering the Portuguese market by purchasing Almada Forum and Forum Montijo from a fund managed by German investment manager Commerz Real.
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PropertyEU Archive
Catella plans real estate auctions for autumn 2012
Catella Corporate Finance is expanding its transactional advisory services in Sweden by adding real estate auctions. So far four - domestic and foreign - real estate portfolio owners have said they will be listing properties in the auctions which are planned to take place in October-November 2012.
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PropertyEU Archive
Credit Suisse to re-open CS Euroreal fund on 21 May
Credit Suisse Asset Management will re-open its frozen EUR 6 bn open-ended CS Euroreal fund on 21 May for one day of trading, it announced on Wednesday.
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PropertyEU Archive
Niam raises EUR 719m for largest Nordic opportunity fund
Swedish real estate private equity firm Niam has raised EUR 719 mln in equity commitments on the final close of its latest opportunistic property fund, Niam Nordic V.
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PropertyEU Archive
Sulentic to succeed White as CBRE chief executive
Global property adviser CBRE has announced that Brett White will retire as chief executive officer at end-December 2012 and be succeeded by the firm's current president, Robert Sulentic.
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PropertyEU Archive
Turkey's real estate market holds up despite crisis
Turkey's decade-long development frenzy continued unabated in 2011 with a record amount of shopping centre space brought to market.
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PropertyEU Archive
Redevco to re-open renovated Flémalle retail park in Liège
European retail property specialist Redevco is to re-open a retail park in the Belgian city of Liège on 11 May following the completion of a two-year, EUR 7.3 mln redevelopment programme.
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PropertyEU Archive
GSW, Whitehall bid EUR 1b for Baubecon portfolio - report
German listed property company GSW Immobilien and its former owner Whitehall Funds have reportedly launched a EUR 1 bn bid for the Baubecon portfolio of residential units owned by UK lender Barclays.
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PropertyEU Archive
Aareal Q1 profit slips to EUR 43m
Aareal Bank reported a profit of EUR 43 mln in the first quarter of 2012, slightly down on the EUR 47 mln posted in both the first and final quarters of 2011. Net income amounted to EUR 21 mln, compared to EUR 24 mln in the previous quarter.
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PropertyEU Archive
CS Euroreal offloads Amsterdam office to Deka for EUR 140m
Credit Suisse Asset Management has sold the Viñoly office building at Amsterdam's South Axis business district to German open-ended fund Deka Immobilien Europa, PropertyEU has learned.
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PropertyEU Archive
Real I.S. buys office buildings in Rotterdam for EUR 36.4m
German fund manager Real I.S. has bought two adjacent office buildings in Rotterdam from Commerz Real for EUR 36.4 mln. Real I.S. acquired the properties on behalf of an institutional fund.
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PropertyEU Archive
Blackstone buys London portfolio for EUR 423m - report
New York-based private equity group Blackstone has acquired Devonshire Square, a 12-building office and retail campus, from rival Rockpoint and the Abu Dhabi Investment Authority (ADIA), according to a news report in the Financial Times.
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PropertyEU Archive
Allianz Real Estate adds to Berlin portfolio
Allianz Real Estate has expanded its portfolio in Berlin with the purchase of Markgrafenpark, an office complex comprising eight buildings near Friedrichstrasse in the centre of the German capital .
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PropertyEU Archive
Allianz clinches first property lending deal in France
Allianz Real Estate has entered the French property lending market with the origination of a EUR 275 mln loan in a joint venture with banking group Société Générale.
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PropertyEU Archive
APG rejects call to plug Dutch funding gap
Angelien Kemna, chief investment officer at APG Asset Management, has rejected calls from Dutch industry leaders to help plug the funding gap in the Netherlands created by banks deleveraging and refinancing problems.
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PropertyEU Archive
Jaap Gillis takes up CEO post at Bouwfonds REIM
Jaap Gillis has been appointed CEO of Dutch investment manager Bouwfonds REIM, succeeding Jean Klijnen. Gillis will also take a seat on the board of Bouwfonds REIM’s parent group Rabo Real Estate. He will take up his new positions on 1 August.
