All Real Assets articles in Web Issue – Page 823
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PropertyEU Archive
Debt funding gap more than doubles in Europe: DTZ
Nearly 85% of the $216 bn (EUR 167 bn) global gross debt funding gap will be in Europe over the next two years, according to new research published on Friday by DTZ.
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PropertyEU Archive
SEB AM to return EUR 1.2b to investors by end-June
SEB Asset Management will return around EUR 1.2 bn to investors by the end of June as the unwinding of its EUR 6.3 bn ImmoInvest fund gets under way, SEB AM's CEO Barbara Knoflach told PropertyEU.
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PropertyEU Archive
FdR's rents up 3.5% in Q1 2012
French listed office group Foncière des Régions posted a 3.5% like-for-like increase in rental income in the first quarter of 2012 as a result of solid rental activity and positive indexation.
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PropertyEU Archive
Cordea Savills acquires London office at 6.1% yield
Cordea Savills has acquired the Camomile Court office property in London for £37.5 mln (EUR 47 mln), reflecting a net initial yield of 6.15%. The asset was purchased for the company's European Commercial Fund from MBK Real Estate.
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PropertyEU Archive
AXA RE cuts power consumption by 21% at key UK properties
AXA Real Estate reduced the overall gas and electricity consumption of 51 of its key properties in the UK by 21% in 2011, according to the firm's 2011-2012 Sustainable Development Report. The reduction was achieved with virtually no additional capital expenditure, as a result of the installation of smart meters ...
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PropertyEU Archive
Invesco invests EUR 83m in German and Swedish logistics
Invesco Real Estate (IRE) has acquired two logistics properties in Germany and Sweden for a total of EUR 83 mln on behalf of one of its pan-European fund mandates.
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PropertyEU Archive
Dutch central bank warns on valuations of maturing loans
About a third of the estimated total of EUR 80 bn in outstanding Dutch bank loans to the commercial real estate sector in the Netherlands is due for refinancing between now and end-2013 at a time when property values are falling, according to a sample study by the Dutch central ...
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PropertyEU Archive
Germans snap up bargains in Dutch market
At a time when many of its peers are floundering and being forced to liquidate their funds, German open-ended fund manager Deka Immobilien is on a buying binge.
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PropertyEU Archive
Unibail-Rodamco names Tonckens as new CFO
Unibaill-Rodamco has appointed Jaap Tonckens as chief financial officer with effect from 1 July 2012. Tonckens, currently the company's chief investment officer, will replace Peter van Rossum who is leaving at end-June.
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PropertyEU Archive
Orange portfolio sold in first Dutch CMBS workout
The EPI Orange portfolio has been sold to an unidentified private equity firm for EUR 50 mln. The deal involving 23 office and light industrial properties in the Netherlands was announced earlier this month by Cushman & Wakefield on behalf of special servicer Capita.
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PropertyEU Archive
SEB ImmoInvest devaluation leads to dip in GOEF index
The devaluation of SEB's ImmoInvest fund in late-April pushed returns for open-ended real estate funds down to -0.5% for the month compared with zero percent in March, according to figures from the IPD Investment Property Databank.
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PropertyEU Archive
Newsec to property manage 700,000m[sup]2[/sup] portfolio in Finland
Newsec Asset Management has announced it is to provide property management services for a 700,000 m[sup]2[/sup] real estate portfolio owned by Finnish financial group Pohjola. The agreement runs from July 2012.
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PropertyEU Archive
Corio sees net profit more than halve in Q1
European retail specialist Corio reported net profit in the first three months of 2012 more than halved to EUR 40.1 mln from EUR 87.1 mln in the year-earlier period following a negative indirect result of EUR 27.8 mln.
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PropertyEU Archive
Atrium Q1 rental income climbs on acquisitions
Atrium European Real Estate said its net rental income increased by more than 17% to EUR 43 mln in the first quarter of 2012 from EUR 42 mln in the year-earlier period. The company attributed the growth primarily to acquisitions carried out in 2011 and a strong performance in Russia.
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PropertyEU Archive
European industrial investment drops 40% in Q1: JLL
Most European industrial investment markets recorded a quiet start to the year following a flurry of activity in the final quarter of 2011, according to research published by property adviser Jones Lang LaSalle. Limited availability of prime assets for sale braked investment activity to EUR 1.5 bn, down 40% on ...
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PropertyEU Archive
Spanish banks take further EUR 11b in bad loan provisions
Spain's top banks have unveiled EUR 11 bn of new bad debt provisions to deal with market concerns about the size of the real estate loans on their books.
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PropertyEU Archive
Korean newcomer invests EUR 206m in London office asset
Korean public-sector pension fund POBA has entered the London real estate market with the acquisition of a 21,160 m[sup]2[/sup] office property in the City financial district for £165 mln (EUR 206 mln). The vendor was Apollo Real Estate.
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PropertyEU Archive
European deal volumes shrink 50% in April
European real estate investment slowed significantly in April compared with March, continuing the downward trend seen since the beginning of the year. PropertyEU Research recorded a volume of EUR 3.5 bn for April, compared with almost EUR 5 bn a month earlier.
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PropertyEU Archive
Union's Emporio in Hamburg 70% let
International law firm White & Case has signed a lease with Union Investment for around 6,000 m[sup]2[/sup] of space in the redeveloped Emporio scheme n Hamburg.
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PropertyEU Archive
Dubai group acquires Le Méridien Budapest
Dubai conglomerate Al Habtoor Group has added Le Méridien Budapest to its hotel portfolio. The financial details of the transaction were not disclosed.
