AccessMyLibrary provides FREE access to over 30 million articles from top publications available through your library.

Euro Property articles from September 2005

2,067 total articles

Set up an RSS feed

Close Set up an RSS feed that alerts you when new articles from Euro Property are available.

Frequently asked questions about RSS feeds

to find out when new articles for Euro Property arrive.

Link to this page

Create a link to this page

Copy and paste this link tag into your Web page or blog:

<a href="http://www.accessmylibrary.com/archive/435260-euro-property/september-2005.html" title="Articles and back issues from Euro Property">Articles and back issues from Euro Property</a>

Euro Property archives from September 2005

Europolis channels [euro]70m into Prague retail project.
September 1, 2005... Austrian property company Europolis is to forward fund the [euro]70m Sestka shopping centre in Prague, in a deal reflecting a yield of 7.5%. The 32,000m[sup.2] scheme in Prague 6 will be developed by Euro Mall Holding, a TK Development...

Sonae finds development partner for Italian centre.
September 1, 2005... Portuguese shopping centre investor Sonae Sierra and ING Real Estate Development have joined up to build a [euro]130m shopping centre in Italy. The 38,300m[sup.2] centre in La Spezia, northern Italy, will be built on a former petrol industry...

Pru buys in Italy and ponders UK sales.
September 1, 2005... Prudential Property Investment Managers (PruPim) has continued to buy continental high-street retail, while cutting its exposure to UK shopping centres. Its fourth and latest continental high-street buy is a 1,092m[sup.2] shop on the prime Via...

German buyer takes a shine to Bergkristall.
September 1, 2005... Germany's Bankhaus W"lbern & Co has bought the Bergkristall office building in Vienna for [euro]175.5m from Bank Austria Creditanstalt. The 69,361m[sup.2] building, which derives its name from its shiny blue glass facade, has been leased back...

DB opts for securitisation to refinance London portfolio.
September 1, 2005... Issue based on loan secured against three London offices is a first for German funds DB Real Estate Investment has become the first German open-ended fund manager to turn to securitisation to refinance a portfolio of assets. Deutsche Bank will...

Redevco advances into Nordics with [euro]30m Swedish buy.
September 1, 2005... Dutch property company Redevco has bought a 14,500m[sup.2] shopping centre in Vermd", about 30km west of Stockholm, from a local developer for [euro]30m. The roofless shopping centre is anchored by two supermarkets, which provide 45% of the...

German acquisitions take Edinburgh continental.
September 1, 2005... UK developer and investor Edinburgh House has made its Continental debut with the purchase of German assets worth more than [euro]100m. It has bought a 42,500m[sup.2] logistics facility near Hamburg from coffee and discount chain Tchibo in a...

Rival makes $2.5bn hostile play for Shurgard Storage.
September 1, 2005... US operator Shurgard believes bid from rival firm Public Storage undervalues its European growth potential and status as the sector's only international brand US self-storage operator Shurgard Storage Centers is facing a $2.5bn ([euro]2.02bn)...

Eastern Europe expert tops the Fantasy Fund league.
September 1, 2005... A heavy bet on Bucharest puts the Phantasmagoria team ahead of a pack of 250 other players in the opening stages of the EuroProperty/La Salle Fantasy Fund Manager game Phantasmagoria is leading the EuroProperty/ LaSalle Investment Management...

People.
September 1, 2005... Nick Ritblat steps back from British Land Nick Ritblat has stepped down from the board of UK quoted property company British Land. However, he will act as a consultant to the company for another 12 months. Ritblat will also take a new role as...

Dawnay Day.
September 1, 2005... The UK private equity group recently bought 75 German department stores as part of a [euro]500m investment in the country. It has also launched a [euro]1bn fund to buy eastern European retail UK private equity group Dawnay Day has been quietly...

London developers limber up for Olympic competition.
September 1, 2005... London's successful 2012 Olympic bid has boosted a series of large regeneration projects London's successful bid for the 2012 Olympics this summer prompted a predictably rousing response from the capital's developers. The most immediate impact...

Shopping spree reaches new areas as yields tumble.
September 1, 2005... Following on from last month's central Europe survey, EuroProperty examines investors' interest in Polish and Hungarian retail, despite some macro economic warning signs Investors are showing undiminished interest in commercial property in...

Key data: INREV.
September 1, 2005... ■Twenty two additions boost INREV database to 423 vehicles ■ Database now represents vehicles totalling [euro]270bn INREV universe expands to take in 22 new vehicles The INREV database grew to 423 funds in the second quarter of...

German funds make it a busy summer.
September 1, 2005... German funds have been active this summer, completing nearly [euro]1.5bn of deals. Open-ended fund Difa has been particularly active, selling a stake in an LA office building for [euro]261m while buying a [euro]22m office building in Monterrey,...

ING's Osiris fund hits [pounds sterling]200m mark.
September 1, 2005... ING Real Estate Investment Management's Osiris fund of funds has topped [pounds sterling]200m. Fund manager Mark Bunney said that despite a tight market the capital was virtually fully invested with just one percent unallocated. "We can still...

Irish vehicle swoops for Magna Plaza Amsterdam.
September 1, 2005... Uni-Invest Holding has sold the Magna Plaza shopping centre in central Amsterdam to a fund for Irish private investors for [euro]48.1m. Magna Plaza was redeveloped from the city's main post office in 1991 to a centre with around 40 shops. The...

Immowest acquires stake in Italy's FIP.
September 1, 2005... Immowest, a unit of Austrian listed property company Immofinanz, has paid [euro]100m for a 6% stake in Italian property company Fondo Immobili Pubblici (FIP) via a private placement. Last year FIP bought a 2.6m m[sup.2] property portfolio from...

SachsenFonds wins Aviva work.
September 1, 2005... The Aviva Central European Property Fund, launched by Morley Fund Management and King Sturge in January, has appointed SachsenFonds as co-asset manager. The Landesbank Sachsen Group subsidiary will work with King Sturge and be jointly...

Hypo makes platform change.
September 1, 2005... Analysts believe Hypo Real Estate Group's move to reduce its business arms from three to two and cut its workforce by 11% will put the German mortgage bank back on the right track Hypo Real Estate Group has won plaudits for a restructuring and...

Low take-up casts doubt on City's towering ambitions.
September 1, 2005... A lack of requirements suggests that many planned City skyscrapers won't become a reality Since the final glass tile was placed into Swiss Re's iconic 'Gherkin' tower at 30 St Mary Axe, EC3, back in October 2003, more than six towers have been...

Key data: Investment/occupiers.
September 1, 2005... Cross-border deals leap 21% as investors think global Global cross-border property investment rose 21% to $99bn in 2004, a report from Jones Lang LaSalle (JLL) has revealed. Total global investment volumes rose by 12% to $457bn. The Global Real...

Open season is over for German buyers in London.
September 1, 2005... While domestic woes have prompted German open-ended funds to sell London assets, closed-end funds and Irish buyers have stepped into the gap to boost their market share There has seen a shift in the balance of power across the central London...

Morley teams up with Teesland for industrial venture.
September 1, 2005... The [euro]400m fund will target central European property UK fund manager Morley Fund Management and Teesland iOG are teaming up to launch a [euro]400m central European Industrial fund. The fund plans to raise [euro]160m from European...

Key data: Non-listed sector.
September 1, 2005... ■ AXA REIM is targeting French property with a [euro]250m fund ■ Spezialfonds' inflows fell in Q2 after a strong Q1 ■ Capital inflows to the German spezialfonds sector totalled [euro]638m in the second quarter of this year,...

Key data: The listed sector.
September 1, 2005... ■The UK's MWB was the best-performing stock in July ■The global index rose nearly 5% over the same month ■ The EPRA/NAREIT Europe Index rose only 94 basis points in July, bringing the performance for the year to date to 16.3%....

CGW finds Catalyst for French disposal.
September 1, 2005... UK investor Catalyst Capital has ramped up its continental activities with a [euro]120m portfolio acquisition in France. The assets - bought from CGW, the consortium formed by CdC, GE Commercial Finance Real Estate and Goldman Sachs' Whitehall...

AIG fund and EBRD sell out of developer TriGranit.
September 1, 2005... AIG's New Europe Fund and the European Bank for Reconstruction and Development (EBRD) have sold their stakes in TriGranit Development Corporation. Private investors Sandor Csanyi and the Honourable Nathaniel Rothschild have each bought a 25%...

Oversubscribed Europa ll closes with [euro]450m equity.
September 1, 2005... Second Europa fund will eclipse first by targeting EU, Swiss and Norwegian assets Fund manager Europa Capital has closed its [euro]2bn Europa Fund II after raising [euro]450m. The fund will invest across the enlarged EU as well as in Norway and...

Warburg Pincus vehicle eyes European property.
September 1, 2005... US private equity firm Warburg Pincus's latest $8bn fund is to partly target European property. Warburg Pincus Private Equity IX will also invest in Asian and North American property. No fixed allocation has been set for property, but the firm...

Risanamento splashes [euro]406m on deals in Paris and Italy.
September 1, 2005... Italian property company Risanamento has paid [euro]233m for a prime Paris office building. Risanamento bought the 12,000m[sup.2] 50 avenue Montaigne from French property company Unibail. It comprises 11,000m[sup.2] of office space let to...

South-north divide opens up.
September 1, 2005... Yields have fallen rapidly in southern Europe and are now on average lower than in the north. Meanwhile, retail is losing favour with investors as they look to an office recovery Average southern European yields have dipped beneath those of...

In brief.
September 1, 2005... Alecta appoints Palmer Alecta Investment Management has appointed Stephen Palmer as UK and continental Europe real estate portfolio manager. He joins the Swedish pension fund from Seven Dials Consulting. He replaces Dr Neil Turner, who is...

Savills expands Stockholm team.
September 1, 2005... Savills' Stockholm office has recruited a valuation team and senior corporate finance executive from Ernst & Young as part of a major expansion. The new valuation team comprises Lars Rickardsson, Peter Wiman and Lena Winndal. Rickardsson had...

ProLogis steams into Budapest's industrial Harbor.
September 1, 2005... US firm doubles Hungarian portfolio with park buy US distribution giant ProLogis has bought Budapest's Harbor Park in a major central European industrial deal. The 101,987m[sup.2] Harbor Park has more than doubled the size of ProLogis's...

KarstadtQuelle offloads German stores.
September 1, 2005... Troubled German retailer KarstadtQuelle has sold 91 stores to Curzon Global Partners/IXIS AEW Europe and Dawnay Day, as part of a programme to raise [euro]1.1bn by selling non-core businesses. Curzon/IXIS AEW bought the Sinn-Leffers clothing...

German banks secure a CMBS rescue.
September 1, 2005... Terra Firma's [euro]7bn acquisition earlier this year of the Viterra German public housing portfolio was a landmark deal in the liberalising of Germany's residential market. But it could also be a landmark deal for the German commercial...

Yields fall beneath a wave of long-term investment.
September 1, 2005... Dramatic yield compression in Europe is sustainable, as rising liquidity and transparency matches investor demand Over the course of 2004 yields fell across most European markets by an average of 14 basis points. This trend has continued...

BNP Paribas.
September 1, 2005... The bank has advised on many high-profile domestic corporate deals and is now extending its lending, advice and agency activities outside France Although the property activities of BNP Paribas are split between several departments, there is a...

Societe Generale.
September 1, 2005... Having identified property as one of its growth areas, the French banking institution is expanding its continental securitisation and lending activities Societe Generale Group believes property's prospects to be just as exciting as emerging...

Slough Estates.
September 1, 2005... The acquisition of Dutch developer Mainland is the latest move in the UK company's plans for continental expansion, with Spain, Italy and central Europe viewed as possible target markets There's no shortage of UK property players on the...

London.
September 1, 2005... London's markets look set for a prolonged growth period, buoyed by investor demand, a growing population and a regeneration wave boosted by a successful 2012 Olympic bid London is a city on the up. Even the recent terrorist attacks scarcely...

Key data: German open-ended funds.
September 1, 2005... ■ Managers are gaining ground after large outflows earlier this year ■Many domestic funds still have net outflows ■ German open-ended funds had net capital inflows of [euro]302.9m in July, an improvement on the [euro]240.7m...

Private buyers pick hotels for short-term accommodation.
September 1, 2005... Buyers hope to turn quick profit from hotels, despite a possible slump after July's bombings The hotels sector in London has been booming in the past few years, to the extent that agents and investors believe the terrorist attacks in July will...

Terra Firma plans landmark Viterra securitisation deal.
September 1, 2005... Refinancing of [euro]7bn public housing portfolio could be one of the first in a wave of securitisations for Germany UK private equity firm Terra Firma is set to refinance its [euro]7bn acquisition of the Viterra German public housing portfolio...