All Real Assets articles in Web Issue – Page 854
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PropertyEU Archive
Poland to see record office delivery in 2013: DTZ
Real estate developers aim to deliver 340,000 to 350,000 m[sup]2[/sup] of new office space in Poland next year - the highest annual figure in the market since 2000, DTZ has said.
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PropertyEU Archive
Orchard Street acquires Guildford industrial estate for EUR 24m
London-based Orchard Street Investment Management has purchased industrial property complex Cobbett Park in Guildford, UK on behalf of a pension fund client. The investment volume of £19 mln (EUR 24 mln) reflects a net initial yield of 6.16%. The vendor was Legal & General Property's Industrial Property Investment Fund (IPIF).
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PropertyEU Archive
Conwert acquires Berlin residential portfolio
Vienna-listed proeprty company Conwert Immobilien Invest SE has acquired a 1,700-unit residential property portfolio in Berlin with a yield on purchase of approx. 8.3 %.
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PropertyEU Archive
Retail managing director to leave Hammerson
Hammerson has announced that Lawrence Hutchings, managing director of UK retail and member of the group executive committee, has decided to step down from the business.
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PropertyEU Archive
Kungsleden sells industrial two Polish assets for EUR 12.5m
Listed Swedish property company Kungsleden is selling two industrial properties in Bielsko-Biala, southern Poland for a total EUR 12.5 mln. The sales price is in line with book value and acquisition cost.
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PropertyEU Archive
Irish-owned mall sells at auction in Bucharest for EUR 60m
Cyprus-registered company Rosequeens Properties has acquired the Liberty Center mall in Bucharest at a public auction for the starting price of EUR 60 mln. Romanian media said that the buyer is administered by Ciprian Chiorean, legal manager of the Bank of Cyprus in Romania.
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PropertyEU Archive
DTZ appoints head of EMEA retail
Property adviser DTZ announced that Adrian Powell has been appointed as head of EMEA retail. He will report to John Forrester, Head of EMEA at DTZ.
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PropertyEU Archive
Savills sees Continental European losses narrow
Savills, the UK-listed advisory firm, saw losses at its continental European operations narrow by 14% in the first half of 2012 to £3.5 mln from £4.7 mln in the year-earlier period. However, revenue was up 8% at £31.6 mln thanks to higher income from advisory fees in the Netherlands, Ireland ...
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PropertyEU Archive
US players dominate global fund management rankings
US fund managers are the biggest players in the global property fund management industry, accounting for 70% of the top 10 worldwide, according to a new survey by INREV in cooperation with its Asian counterpart ANREV. Three US firms dominate the top 5 led by CBRE Global Investors, Brookfield Asset ...
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PropertyEU Archive
Goodman, CPPIB create EUR 1.1b US partnership
Sydney-listed Goodman Group and the Canada Pension Plan Investment Board have created a logistics and industrial partnership called the Goodman North America Partnership. Goodman and CPPIB have targeted an equity amount of US$890 mln (EUR 1.1 bn) on a 55/45 basis, representing US$490 mln and US$400 mln respectively.
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PropertyEU Archive
Standard Life commits EUR 191m to Pooled Property Fund
Standard Life Investments' Pooled Property Fund has committed a total of £150 mln (EUR 191 mln) to acquisitions, sales and refurbishment projects across the fund's portfolio of retail, office and industrial properties in the first half of this year.
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PropertyEU Archive
European industrial real estate investment rebounds in Q2 2012
European logistics real estate investment made up ground in the second quarter of 2012 when EUR 2.2 bn was invested in logistics and industrial assets, according to the latest data from Jones Lang LaSalle. The result reflects a 56% increase compared to the relatively slow first quarter.
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PropertyEU Archive
IVG expects to break even by end-2012
IVG Immobilien reported a consolidated net loss of EUR 11. 2 mln for the second quarter, up 57% on the EUR 4.8 mln loss in the first three months of 2012.
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PropertyEU Archive
DLA Piper advises on Goldman Sachs building sale in London
International law firm DLA Piper has announced it advised Jones Lang LaSalle on the sale of Peterborough Court and Daniel House on Fleet Street in London. JLL, acting as receiver, arranged the sale of the buildings to restructure £450 mln (EUR 572 mln) of debt. The buildings are leased to ...
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PropertyEU Archive
Romanian mall auction may not herald investment thaw
The sale of Liberty Center shopping centre in Bucharest last week isn't likely to signal the beginning of a thaw in the frozen Romanian real estate investment market. If anything it underscores the challenges facing the market.
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PropertyEU Archive
Risk aversion increases in European real estate: LaSalle
Risk aversion remains the dominant theme across European real estate markets, as highlighted in the LaSalle Investment Management mid-year 2012 Investment Strategy Annual update.
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PropertyEU Archive
AXA Real Estate leads European fund manager ranking
AXA Real Estate has maintained its lead as the biggest fund manager in Europe, according to a new survey by INREV in cooperation with its Asian counterpart ANREV. In total, the Paris-based fund manager had EUR 39.8 bn assets under management (AUM) as of end-December 2011.
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PropertyEU Archive
Palmer Capital completes Invista takeover
London-based real estate company Palmer Capital has completed the acquisition of Invista Real Estate Investment Management. Invista shares on London's AIM junior market were cancelled on 13 August.
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PropertyEU Archive
Polish retail property delivery to reach 650,000m[sup]2[/sup] per annum: DTZ
Some 260,000 m[sup]2[/sup] of modern retail space was delivered in Poland during the first half of 2012, according to DTZ. The completions comprised 19 new projects, including 10 new shopping centres and four extensions, three stand-alone retail warehouses and two retail parks.
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PropertyEU Archive
Deutsche Pfandbriefbank lifts profit in Q2 despite slowdown in new business
Pbb Deutsche Pfandbriefbank saw pre-tax profit rise 42% to EUR 30 mln in the second quarter of 2012 from EUR 21 mln in the first three months of the year. For the first six months, pre-tax profit - according to IFRS guidelines - amounted to EUR 51 mln.
