All Real Assets articles in Web Issue – Page 848
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PropertyEU Archive
Müller heads C&W's Munich investment team
Thomas Müller is to lead the Munich investment team of property consultant Cushman & Wakefield (C&W) as a partner. He joins from Savills in Munich where he spent six years as director and head of investment.
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PropertyEU Archive
Hammerson sells London office portfolio to focus on retail
UK real estate investment trust Hammerson has exchanged contracts to sell the bulk of its office portfolio to US group Brookfield Office Properties for total cash proceeds of £518 mln (EUR 660 mln), representing a 5% premium to book value. The deal reflects a yield of 5.2%.
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PropertyEU Archive
Major UK office portfolio goes into receivership
A portfolio of 18 offices across the UK has been put into receivership following a steep decline in property values.
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PropertyEU Archive
Dutch health workers pension fund books 8% return on property in H1
The Dutch health workers pension fund reported a 7.6% return on its property investments in the first half of this year following a slight rise of 1.1% in Q2. This compares to a total return of 5.5% for the entire portfolio which at end-June 2012 was valued at EUR 118 ...
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PropertyEU Archive
IVG Immobilien to list REIT on 24 July
German property giant IVG Immobilien has applied for admission to the Munich Stock Exchange to list its real estate investment trust (REIT), which has been registered as a pre-REIT since August 2007. The listing is scheduled to take effect on 24 July 2012 and will not be accompanied by a ...
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PropertyEU Archive
Cordea Savills acquires Finnish asset for EUR 60m
Property investment manager Cordea Savills has purchased a prime property in Helsinki’s Central Business District for around EUR 60 mln. The property was purchased from Nordea Life Assurance Finland.
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PropertyEU Archive
C&W picked as leasing agent for Gliwice retail park
Cushman & Wakefield has been appointed leasing agent for the retail park being developed as part of the Europa Centralna shopping complex near Gliwice in the Silesia region of Poland.
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PropertyEU Archive
Neinver appoints new leasing manager for Germany
Retail outlet property specialist Neinver has appointed Philip Bähr as new leasing manager for Germany, effective July 1.
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PropertyEU Archive
Capital & Regional, Area miss LTV target on German portfolio
Capital & Regional and Area Property Partners have failed to pass a loan to value test on a EUR 158 mln loan for their German portfolio 4 joint venture which was set as a condition last summer for extending the loan by another year. The LTV test formed part of ...
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PropertyEU Archive
CA Immo sells further land plots in Berlin
Vienna-listed property investor and developer CA Immo has sold a second parcel of land in Berlin to residential property firm Groth Group for around EUR 24 mln. The deal comes less than a week after CA Immo concluded a EUR 25.2 mln land deal with Groth in the German capital.
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PropertyEU Archive
Sonae names new operations manager in Italy
Portuguese shopping centre specialist Sonae Sierra said it has appointed Luciano Morganti as new operations manager for its property management business in Italy.
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PropertyEU Archive
Unibail-Rodamco books 4% growth in H1 earnings despite eurozone woes
Unibail-Rodamco, Europe's largest publicly traded property group, saw recurring profit rise 4.3% to EUR 453 mln in the first half of 2012, from EUR 435 mln a year before.
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PropertyEU Archive
European investment volume rises 17% in Q2: JLL
Despite the ongoing Eurozone crisis, real estate investment activity increased in the second quarter of 2012, with cross-border investors driving volume in the major markets, according to Jones Lang LaSalle's latest capital markets survey. Cross-border transactions accounted for 40% of volumes which rose overall by 17% compared to Q1 2012 ...
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PropertyEU Archive
Allianz joins German banking syndicate for EUR650m Centro loan
Allianz Real Estate has joined Aareal Bank and Helaba to provide a landmark EUR 650 mln loan facility secured against Centro in Oberhausen, one of Germany's biggest shopping centres. The financing was provided to a joint venture between the Stadium Group and the Canadian Pension Plan Investment Board who jointly ...
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PropertyEU Archive
Capital Park receives EUR 77m funding for Polish project
Capital Park Group, a Polish property investment firm majority-owned by Patron Capital Partners, has secured a PLN 324 mln (EUR 77 mln) bank loan to finance the construction of its flagship Eurocentrum Office Complex in Warsaw.
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PropertyEU Archive
Carlyle acquires central Milan asset
Global alternative asset manager Carlyle has acquired a mixed-use property located in the centre of Milan from insurance company Milano Assicurazioni. Financial terms were not disclosed.
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PropertyEU Archive
CEO Wereldhave steps down after disappointing results
Hans Pars has stepped down as CEO of Amsterdam-listed Wereldhave. The company did not give a reason for his departure, but the move coincides with disappointing second-quarter results following writedowns on the US and UK portfolios. Dirk Anbeek will take over his executive duties and he will be temporarily replaced ...
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PropertyEU Archive
Metro Properties appoints new CEO
Metro Properties, the real estate arm of German retail giant Metro, has announced the appointment of Jean-Christophe Bretxa as new CEO with immediate effect.
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PropertyEU Archive
Icade secures EUR 1.5b financing from eight banks
French property giant Icade has signed a EUR 1.55 bn club deal with a consortium of eight banks to refinance its acquisition of business park owner Silic. The bank consortium consists of Crédit Mutuel-CIC Group, BNP Paribas, Crédit Agricole Corporate & Investment Bank, HSBC France, Lloyds TSB Bank, Natixis and ...
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PropertyEU Archive
British Land acquires Mayfair assets for EUR 167m
UK REIT British Land has entered into a corporate agreement to purchase two buildings in Mayfair, London for £130 mln (EUR 167 mln). The acquisition is expected to complete in November 2012.
