All Real Assets articles in Web Issue – Page 824
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PropertyEU Archive
BNP Paribas signs new alliance in Austria
BNP Paribas Real Estate has boosted its presence in Austria through a joint venture with local property services firm Danube Property Consulting.
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PropertyEU Archive
CA Immo awarded Austrian ethical cert
CA Immo has become the first real estate company in Austria to be certified according to the standards of the Austrian Society for Sustainable Real Estate (ÖGNI).
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PropertyEU Archive
Europa Capital, St Congar invest in brownfield site in England
The English Residential Land Partnership, a joint venture between Europa Capital and St Congar Land, has completed the purchase of the HSBC Training Facility to the south of St Albans in Hertfordshire, England. Financial details were not disclosed.
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PropertyEU Archive
Fabege launches share buyback programme
Stockholm-listed real estate company Fabege has unveiled a share buyback programme to shore up its financial position. The shares acquired may not exceed 10% of the total number of outstanding Fabege shares at any time.
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PropertyEU Archive
Invesco buys Swedish retail park for German fund
Invesco Real Estate has acquired a retail park near Stockholm for EUR 63 mln. The global investment manager carried out the transaction on behalf of iii-BVK Europa-Immobilien-Spezialfonds, an institutional real estate fund managed by Invesco for German pension fund Bayerische Versorgungskammer (BVK).
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PropertyEU Archive
Rockspring starts construction of retail scheme in Wales
Rockspring Property Investment Managers and its development partner, Simons Development, said that construction has commenced on the first phase of Bargoed Retail Plateau in South Wales.
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PropertyEU Archive
Vastned sees lower direct result due to new tax rules in Spain
Retail property firm Vastned saw its direct result fall by 7% to EUR 15.6 mln in the first quarter of 2012, largely as a result of higher financing expenses and higher taxes stemming from new fiscal measures in Spain.
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PropertyEU Archive
More prime offices up for sale in Dutch market
More sales of large high-quality office buildings are on the cards in Amsterdam following Deka Immobilien's acquisition of the Viñoly office building in the city's Zuidas business district. The German open-ended fund manager snapped up the prime office building from troubled peer Credit Suisse for EUR 140 mln, reflecting a ...
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PropertyEU Archive
Topland, Wolsey to expand resi funding in UK
International investment group Topland and residential financing specialist Wolsey Securities have announced they are expanding their joint product offering to provide bridging finance and a wider range of senior debt finance.
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PropertyEU Archive
IVG reduces net loss to virtual break-even in Q1
IVG Immobilien narrowed its losses to EUR 4.8 mln in the first quarter of 2012 from a EUR 71 mln loss due to extraordinary factors in the last three months of 2011. Revenues climbed by almost EUR 25 mln to EUR 102 mln, largely due to an increase in net ...
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PropertyEU Archive
C&W sees losses widen in Q1 on recruitment drive
Cushman & Wakefield saw losses widen to $24 mln (EUR 19 mln) in the first three months of 2012 from $8.7 mln in the year-earlier period, largely due to expenses incurred by its large-scale recruitment drive. The global independent global real estate adviser hired 400 staff in the first quarter ...
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PropertyEU Archive
Habona Invest acquires retail assets for EUR 20m
German closed-end fund manager Habona Invest has invested EUR 20 mln in nine retail properties across several towns in Germany. The new and development properties comprise a total of 14,000 m[sup]2[/sup].
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PropertyEU Archive
Deutsche Euroshop raises 2012 earnings guidance
Deutsche Euroshop has raised its earnings guidance for the full-year 2012 after a strong performance in the first quarter.
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PropertyEU Archive
Hahn fund invests EUR 42m in German retail assets
German listed real estate group Hahn has announced that one of its funds has acquired two retail warehouse centres in Neumünster and Husum for EUR 25 mln. The transactions were carried out by institutional fund Hahn FCP-FIS German Retail in the first quarter of 2012.
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PropertyEU Archive
Orchard Street acquires office building in central London
Orchard Street Investment Management has completed the acquisition of an office property in central London for £20.5 mln (EUR 25.6 mln). The purchase is the first for Orchard Street Special Situations Fund II, which was set up in April 2012.
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PropertyEU Archive
Multi, Wilhelm join expert briefing on Benelux property investment
Multi Corporation CEO Heino Vink and Peter Wilhelm, CEO of Wilhelm and Co, have joined the expert panel for PropertyEU's Investment Briefing on the Benelux markets.
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PropertyEU Archive
Citycon Finnish boss quits over strategy differences
Helsinki-listed real estate company Citycon has announced that the head of its Finnish operations and vice president Michael Schönach is leaving the company with immediate effect due to a clash over strategy.
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PropertyEU Archive
INREV launches fund of fund survey to improve due diligence
The European association for investors in non-listed real estate funds (INREV) has launched a new fund of fund due diligence questionnaire to enable investors to compare and analyse information on fund offerings more efficiently. The survey also includes a separate section on multi-manager accounts.
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PropertyEU Archive
Patrizia opens office in London
German listed real estate company and fund manager Patrizia Immobilien is opening an office in London, adding to its existing international offices in Luxembourg and Sweden.
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PropertyEU Archive
Aberdeen leases 30,000m[sup]2[/sup] near Schiphol Airport
Aberdeen Asset Management has announced that publisher Sanoma Media Netherlands has signed up for 30,000 m[sup]2[/sup] of space at an office property in Hoofddorp near Amsterdam Schiphol Airport. The deal includes 325 parking spaces.
