All Real Assets articles in Web Issue – Page 857
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PropertyEU Archive
LGP acquires Hammersmith office at high yield
Legal & General Property (LGP), acting on behalf of its Managed Fund, has acquired the freehold interest in Bechtel House in Hammersmith, London from CBRE SPUK III.
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PropertyEU Archive
Immofinanz sells apartment building in Vienna
Listed CEE property investor Immofinanz has sold an an apartment building in Vienna. The buyer is a corporation associated with the Austrian lender Raiffeisen Landesbank Oberösterreich. The price paid topped EUR 33 mln, which Immofinanz said was significantly higher than the current book value.
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PropertyEU Archive
Carlyle JV completes first student apartments in London
Global alternative asset manager The Carlyle Group and Generation Estates have completed their first private student residential hall under their London-focused brand Pure Student Living. The 400-bed Pure Highbury property is located in Finsbury Park, North London.
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PropertyEU Archive
Lloyds Bank provides financing for Chiswick Park pre-let
Lloyds Bank Wholesale Banking & Markets is to fund the construction of a new London office building at Chiswick Park to be occupied by the Scandinavian energy company Aker Solutions.
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PropertyEU Archive
Editor's choice: top real estate headlines
A selection of the leading property headlines from around Europe at a glance:
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PropertyEU Archive
City of London office prices fall further in July: IPD
Office prices in the City of London fell for the second consecutive month in July despite pressure from overseas buyers, indicating values in the sector may be past their peak, according to IPD.
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PropertyEU Archive
GSW raises full-year earnings forecast
German residential company GSW Immobilien reported net rental income rose by around 13.3% in the first six months of 2012 to EUR 78.9 mln from EUR 69.6 mln in the year-earlier period. However, earnings before interest and tax (EBIT) were down 3% year-on-year at EUR 66.3 mln.
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PropertyEU Archive
CA Immo's rental income climbs 10% in H1 2012
Austrian listed property company CA Immo posted a 10% rise in rental income which reached EUR 141 mln in the first half of the year, largely as a result of additional rental revenue generated by recently completed developments.
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PropertyEU Archive
Polish full-year volumes for 2012 may reach EUR 2.5b: JLL
Polish real estate volumes for full-year 2012 may come to as much as EUR 2.5 bn despite a subdued second quarter, Jones Lang LaSalle has said.
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PropertyEU Archive
Russian real estate investment to drop 30% in 2012: CBRE
Investment in Russian commercial real estate is expected to reach $4.5 bn (EUR 3.6 bn) in 2012, a drop of nearly 30% compared to the $6.4 bn recorded in 2011.
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PropertyEU Archive
Dev Secs sells three assets for EUR 52m
Development Securities said on Tuesday that it has completed three disposals from its trading and development portfolio, generating revenue of £41 mln (EUR 52 mln).
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PropertyEU Archive
PEPR receives approval to delist
Prologis European Properties (PEPR), a leading European owner of distribution facilities, announced on Tuesday that it has received approval from the Luxembourg stock exchange to delist its referred and ordinary units.
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PropertyEU Archive
Investors believe eurozone is here to stay: Union
While the vast majority of European real estate investors expect the eurozone to survive, the debt crisis and the uncertainty surrounding its consequences for European real estate markets continue to create headwinds for investment in Europe’s three largest economies. That is one of the findings of the latest investment climate ...
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PropertyEU Archive
Editor's choice: top real estate headlines
A selection of the leading property headlines from around Europe at a glance:
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PropertyEU Archive
WDP books 17% increase in net profit for H1 2012
Belgian listed warehouse property company WDP has reported a net current profit of EUR 25 mln for the first half of 2012, an increase of 16.8% over the same period last year. Net current profit per share equals EUR 1.82, an increase of 7.5% compared to EUR 1.70 in H1 ...
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PropertyEU Archive
Plaza Centers swings to loss in H1
CEE retail specialist Plaza Centers swung into the red in the first half of 2012 with net losses of EUR 7 mln compared to a profit of EUR 24 mln in the same period a year before.
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PropertyEU Archive
CLS launches 5.5% retail bond
CLS Holdings, the London-listed property investment company has launched a 5.5% sterling retail bond redeemable in 2019.
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PropertyEU Archive
INREV launches EUR 519b global index with partners
INREV, the European associations for investors in non-listed real estate, its Asian sister organisation ANREV and the National Council for Real Estate Fiduciaries (NCREIF) in the US have agreed to co-operate on the creation of a new global fund index which will measure real estate investment performance of non-listed real ...
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PropertyEU Archive
Catella to auction 74 properties in Sweden
Nordic property agent Catella is to auction 74 real estate assets in Sweden.
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PropertyEU Archive
CBRE adds to global corporate services team
CBRE has announced the appointment of Yelena Kolesnikova as associate director in the global corporate services team. Kolesnikova will be responsible for further development and strengthening of relationship with local and international clients in order to source new sales opportunities for the business in Russia and CIS.
