All Real Assets articles in Web Issue – Page 889
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PropertyEU Archive
Starwood links up with CWI to launch European finance platform
US-based investor Starwood Capital Group has announced the launch of Starwood European Finance Company (StarFin), a real estate finance platform designed to take advantage of financing opportunities arising from banks' retreat from property lending.
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PropertyEU Archive
ICSC Europe plans EU push
The International Council of Shopping Centres (ICSC) is gearing up to hold an event in Brussels next May that would bring together EU officials and the national shopping centre councils which fall under the European organisation, ICSC Europe’s new managing director Mike Morrissey, told PropertyEU.
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PropertyEU Archive
Mirland secures financing for phase II of St Petersburg project
Russian real estate company Mirland has secured a loan of $47.5 mln (EUR 37 mln) via its Petra subsidiary to finance the construction of 630 apartments in the second phase of the Triumph Park mixed-use development in St Petersburg.
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PropertyEU Archive
Russian retail sector sparks race for talent
Earlier this week, Jones Lang LaSalle announced it had poached a team of 25 retail experts from Colliers International in Moscow to strengthen its own Russian retail team. The move comes hard on the heels of the news that Cushman & Wakefield has hired a nine-strong retail team in Moscow ...
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PropertyEU Archive
Finnish state sells stake in Sponda for EUR 148m
Government-owned investor Solidium is selling its remaining 15% holding in Sponda to Finnish investor group Oy Palsk for around EUR 148 mln, reflecting a capital gain before tax of EUR 71 mln.
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PropertyEU Archive
Niam sells major stake in Norway's 2nd largest mall company
Nordic private equity group Niam is selling a 72.5% stake in shoping centre operator Sektor Gruppen to an investor group consisting of Joh. Johannson (31%), Varner Invest (27%) and Home Invest (14.5%).
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PropertyEU Archive
PropertyEU Magazine November 2012
The November edition of PropertyEU Magazine features a special report on the European retail sector with rankings of the top retail investors and developers and the top cross-border retail investment deals.
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PropertyEU Archive
Banks are 25% through deleveraging process: Morgan Stanley
European banks have completed 20-25% of the commercial real estate deleveraging process, a faster pace than expected, according to a new research report published by Morgan Stanley.
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PropertyEU Archive
Colliers adds six to Russian retail team
Colliers International Russia has hired six new retail experts for its existing 20-strong retail team. The announcement follows hard on the heels of a series of personnel changes at the leading brokerage firms in Moscow and the loss of Colliers' team to rival Jones Lang LaSalle.
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PropertyEU Archive
Foreign investors advised to head for secondary cities in Turkey
International investors interested in entering the Turkish real estate market would be well advised to look at secondary cities outside the big three – Istanbul, Ankara and Izmir. That was one of the key messages that emerged at the PropertyEU Investment Briefing on Turkey held on Thursday at the London ...
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PropertyEU Archive
Highstreet puts Berlin’s KaDeWe store on sale
KaDeWe, Berlin's iconic luxury department store and the largest in Continental Europe, has been put up for sale for some EUR 500 mln, well-informed market sources confirmed to PropertyEU.
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PropertyEU Archive
Blackstone joins forces with Canadians to buy Gecina's debt
US-based Blackstone Group has teamed up with Canadian investor Ivanhoe Cambridge to buy loans backed by a 12% stake in Paris office landlord Gecina. Financial details were not disclosed.
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PropertyEU Archive
Cultural and legal issues challenge maturing Turkish property market
Turkey’s lenient planning laws can still thwart foreign developers and investors keen to build up a position in this emerging country on the fringe of Europe, Barlas Balcioglu, partner, head of Istanbul real estate at Salans, told the PropertyEU Turkey Investment Briefing hosted on Thursday by Aberdeen Asset Management at ...
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PropertyEU Archive
Starwood to launch IPO for European debt investment platform
Starwood Capital is planning an IPO in the fourth quarter for its European debt investment platform, Starwood European Real Estate Finance (SEREF). The vehicle will seek to raise some £300 mln (EUR 376 mln) in the initial capital raising.
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PropertyEU Archive
Time is right for German listed sector evolution, says EPRA
The lack of a large listed real estate sector in Germany means Europe's largest economy is only benefitting to a limited extent from the strong investment flows and professional services that listed companies can bring to the urban landscape, the European Public Real Estate Association (EPRA) argues.
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PropertyEU Archive
Office take-up in Western Europe down 10% on 2011: BNPPRE
Office take-up in Western Europe is down 10% on last year on a rolling year basis to Q3 2012, according to BNP Paribas Real Estate (BNPPRE).
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PropertyEU Archive
Corio writes down EUR 140m on portfolio in first 9 months
Listed shopping centre owner Corio reported total devaluations of EUR 140 mln, or 2%, of its operational portfolio over the first nine months of 2012.
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PropertyEU Archive
IGD SIIQ secures EUR 18m loan
Italian listed property company Immobiliare Grande Distribuzione (IGD) SIIQ has secured an EUR 18 mln loan from Mediocredito Italiano, part of the Intesa Sanpaolo banking group.
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PropertyEU Archive
Heitman teams up with Grainger in EUR 230m German resi JV
Global real estate investment firm Heitman has teamed up with Grainger, the UK's largest listed residential owner, in a joint venture that will invest in a 3,000-unit German rented residential portfolio currently wholly owned by Grainger.
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PropertyEU Archive
Acron enters Austria with EUR 88m mixed-use buy
Zurich-based investor Acron has entered the Austrian market through the acquisition of the multifunctional Wien Westbahnhof A3 commercial property in Vienna for EUR 88 mln. The vendor was the infrastructure arm of the country's national rail company ÖBB.
