All Real Assets articles in Web Issue – Page 855
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PropertyEU Archive
Aareal books flat earnings as new business surges
Aareal Bank reported consolidated operating profit rose slightly in the second quarter of 2012 to EUR 45 mln from EUR 44 mln in the year-earlier period. Including taxes and a EUR 5 mln payment to the German stabilisation fund Soffin for its silent participation, consolidated net income came to EUR ...
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PropertyEU Archive
Kennedy Wilson-led alliance acquires Irish loan portfolio
US property investor and services firm Kennedy Wilson has announced the acquisition of an Irish loan portfolio with an unpaid principal balance of EUR 361 mln together with its partner, the European Commercial Real Estate Group of Deutsche Bank AG.
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PropertyEU Archive
CBRE acquires assets for EDS mandate
CBRE Global Investors, the global real estate investment management firm, has won a £120 mln (EUR 152 mln) mandate from EDS Trustee Ltd, and has purchased four properties on behalf of the client for £18 mln.
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PropertyEU Archive
Peel Group to buy Lowry Outlet Mall
The Peel Group has reached an agreement with the Emerson Group for the purchase of the Lowry Outlet Mall at Salford Quays. The financial details were not disclosed but Property Week put the investment volume at about £70 mln (EUR 89 mln).
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PropertyEU Archive
Panattoni delivers logistics centre near Frankfurt
Logistis developer Panattoni Europe has delivered a new facility for Rudolph Logistics Group in Lorsch, near Frankfurt. Panattoni handed over the 12,400 m[sup]2[/sup] logistics facility following a development period of only seven months.
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PropertyEU Archive
Editor's choice: top real estate headlines worldwide
A selection of the leading property headlines from around Europe at a glance:
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PropertyEU Archive
Unite sells student property to Imperial College London
Unite, the London-listed developer and manager of student accommodation, has sold the Orient House property to Imperial College London. The sales price of £20.6 mln (EUR 26.1 mln) reflects a net initial yield of 5.6%
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PropertyEU Archive
NSI in the red following writedowns on Dutch offices
Dutch listed property company NSI swung into the red in the first half of 2012 with net losses of EUR 45 mln compared to an after-tax profit of EUR 19 mln in the year-earlier period. The direct result was steady despite a lower occupancy level thanks to cost reductions. However, ...
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PropertyEU Archive
Russian H1 deal volumes fall sharply - CBRE
The volume of completed real estate transactions in Russia decreased by 44% to EUR 1.2 bn in the first half of 2012 compared to the same period the year before, according to property adviser CBRE. That said, the Russian market performed better than some of its European counterparts. Foreign investors ...
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PropertyEU Archive
JLL appoints CEE banking valuation director
Jones Lang LaSalle has appointed Robert Mayhew as director of CEE banking valuation.
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PropertyEU Archive
DIC Asset lifts rental income, on track for full year
DIC Asset, the Frankfurt-based office developer, reported gross rental income rose 11% to EUR 62.5 mln in the first six months of 2012 compared with the year-earlier period. The increase was driven by portfolio growth and a strong letting performance, the company said in a statement. The vacancy rate of ...
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PropertyEU Archive
Investors plough bulk of money into non-listed funds
Joint ventures and separate mandates may be gaining favour as targeted investment vehicles among institutional investors in their search for greater control, but the vast majority still put their money into non-listed funds, according to a new survey by INREV in cooperation with its Asian counterpart ANREV.
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PropertyEU Archive
Lemli to head Savills’ German business
Real estate adviser Savills has appointed Marcus Lemli as head of its German business from 1 October following the departure of Bernd-Uwe Willer to pursue new challenges.
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PropertyEU Archive
Europa Capital unveils round of promotions
Europa Capital has announced a number of promotions at the pan-European real estate fund management group.
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PropertyEU Archive
C&W names new Czech and Slovak research chief
Michal Soták has been appointed as the new head of research at Cushman & Wakefield for the Czech Republic and Slovakia.
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PropertyEU Archive
Editor's choice: top real estate headlines worldwide
A selection of the leading property headlines from around Europe at a glance:
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PropertyEU Archive
C&W expands London residential valuation department
Cushman & Wakefield has appointed Andrew Johnston as an associate in its London valuation & advisory department, within the residential valuation team.
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PropertyEU Archive
Westfield eyes site-specific development strategy in Europe
Westfield Group, the world’s biggest shopping mall operator by assets, is seeking joint-venture partners for developments and expansion in Brazil and Asia, Bloomberg reported on Wednesday. It is also considering a number of locations in European cities, Peter Lowy, co-chief executive officer of Westfield, told the newswire.
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PropertyEU Archive
Kungsleden sells public properties to Hemsö
Listed Swedish property company Kungsleden is selling 38 public properties to Hemsö for a total sum of SEK 912 mln (EUR 111 mln) excluding transaction costs. The sales price is consistent with book value and exceeds acquisition cost by approximately SEK 26 mln, Kungsleden said.
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PropertyEU Archive
Polish logistic completions jump 116% in H1: DTZ
The volume of modern industrial and logistics stock is increasing significantly, in Poland, reflecting the country's strong economic performance. Some 3,000 m[sup]2[/sup] of industrial and logistics space was delivered to the market over this period, marking an increase of 116% compared to H1 2011, according to property adviser DTZ.
