All Real Assets articles in Web Issue – Page 890
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PropertyEU Archive
Haskoll to masterplan Norway's largest retail and leisure area
Norwegian Property, one of Norway's biggest property companies, has appointed international architects Haskoll to draw up a retail design overview of Aker Brygge, the country's most important retail and leisure area which attracts over 12 million visitors a year.
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PropertyEU Archive
Comment: The new norm
Four years into the crisis, there is no escaping the stark reality. Consumer spending power remains pressured across Europe, borrowing constraints are holding back new retail developments and a growing supply of existing stock around the Continent is becoming obsolescent. Add to that the acceleration of ecommerce sales and we ...
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PropertyEU Archive
Ecommerce fuels Turkish logistics sector
The further expansion of international retail brands and ecommerce in Turkey are helping fuel demand for logistics developments, according to Anthony Labadie, managing director for Turkey at CBRE. ‘Logistics will be a major market in the future for Turkey,’ he predicted. ‘The infrastructure was not there in the past, ...
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PropertyEU Archive
Santander finances student housing project in London
Wood Lane Studios, a new specialist housing project for postgraduate students in London, has received a £65 mln (EUR 82 mln) development and investment funding package from Santander Corporate Banking.
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PropertyEU Archive
London & Stamford tables merger offer to Metric shareholders
London & Stamford has tabled an offer to acquire the shares in Metric after the two UK REITS reached a final agreement on a merger. Under the deal, Metric shareholders will receive 0.94 ordinary shares in London & Stamford for every Metric share. This will result in Metric shareholders owning ...
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PropertyEU Archive
Hochtief sells mixed-use property for EUR 29m
Germany's Hochtief has announced the sale of a residential and commercial building in Erfurt, the capital of the German state of Thuringia, to listed property firm TAG Immobilien for around EUR 29 mln, including a mix of equity and debt.
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PropertyEU Archive
Pbb provides EUR 94m facility to Metric
German lender pbb Deutsche Pfandbriefbank has provided a £75 mln (EUR 94 mln) facility to the Metric Income Plus Partnership (MIPP).
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PropertyEU Archive
Cross-border investor buys airport hotel in Ireland
Property adviser Savills has sold Cork International Airport Hotel in the Republic of Ireland to an international investor on behalf of receiver Grant Thornton. The name of the buyer was not disclosed.
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PropertyEU Archive
More retailers to attend Mapic
Some 2,400 retail brand representatives are expected to attend the Mapic retail property trade fair in Cannes this year, up from nearly 2,300 last year.
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PropertyEU Archive
GBW resi portfolio attracts dozens of bidders
GBW's residential portfolio has received over two dozen expressions of interest following the launch of the sale process late October by Bavarian bank BayernLB, well-informed market sources confirmed to PropertyEU on Monday.
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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. Blackstone's Real Estate Partners Europe III fund and Ivanhoe Cambridge, which forms part of Caisse de Depot et Placement du Quebec, have acquired about 40% of ...
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PropertyEU Archive
Deka sells office building in Brussels
The investment arm of Deka Group has sold a building located at 83 Avenue Marcel Thiry in Brussels to Ghent-based developer Immogra. Financial details were not disclosed.
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PropertyEU Archive
Euro-Shop Index reveals rising industry confidence: ICSC
Shopping centre executives are more optimistic than at any time over the past six months that the retail market is showing tentative signs of recovery as retailers head into the all-important festive season, according to ICSC’s monthly Pan European Shopping Centre Executive Opinion Survey (known as the ICSC Euro-Shop Index).
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PropertyEU Archive
ICG-Longbow eyes listing in London
ICG-Longbow intends to list a vehicle that will invest in senior UK real estate debt on London Stock Exchange. The IPO of ICG-Longbow Senior Secured UK Property Debt Investments (SSUP) is designed to raise a minimum of £100 mln (EUR 125 mln) and is capped at £250 mln.
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PropertyEU Archive
Foreign property investors rediscover Japan
Several heavyweight international real estate investors have turned to Japan as the market continues to exhibit economic recovery and some compelling real estate fundamentals in the aftermath of last year's devastating earthquake.
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PropertyEU Archive
Turkish property market shows signs of maturity
The Turkish market has undergone a major transformation in the past decade, according to Herman Kok, international research director at Multi Corporation. ‘Turkey used to be a hyper-inflationary economy and highly volatile. But it has left that phase behind it in the past 10 years. Since 2002, the government has ...
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PropertyEU Archive
MAPIC: Champs-Élysées rises to 3rd place in retail destination ranking
Avenue des Champs-Élysées in Paris has emerged as the world's third most expensive shopping destination based on rental levels, according to Cushman & Wakefield's latest Main Streets Across the World report. Propelled by strong rental growth, the Champs-Élysées replaced Ginza Tokyo in third place, rising two notches from fifth position ...
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PropertyEU Archive
Prelios agrees capital injection; CEO Bottelli resigns
Struggling Italian real estate group Prelios has reached agreement with investment firm Feidos on a capital injection and restructuring of debt.
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PropertyEU Archive
MAPIC: CBRE appoints UK head of mall management
Property adviser CBRE has appointed John Prestwich as its new UK head of shopping centre management. Prestwich, who has over 20 years' experience in shopping centre management, joins from Cushman & Wakefield where he spent five years as a partner and head of retail asset management.
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PropertyEU Archive
Belgian duo trades HQ buildings with AXA Luxembourg
Belgian-based real estate investor Pylos and Belfius Bank have sold a newly developed office property in a prime location in Luxembourg to the local division of insurance group AXA.
