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» Chronological View: " Economy & Financial " «

Prologis records stable occupancy rate 96.6%

Prologis' occuancy in the first quarter of 2018 remianed high at 96.6%, with the company signing 336,000 square metres of new leases and 413,000 square metres of renewals in this opening quarter. The company owned or had investments in, on a wholly-owned basis or through co-investment ventures, properties and development proj...
Thursday, 19. April 2018

BBC gets keys to new Cardiff Central Square HQ

BBC Cymru Wales has received the key for its new headquarters in Cardiff. The new £100m (c. €115.5) building is adjacent to Cardiff Central train station. Installing broadcast technology will take 18 months, with the first employees likely to in by the end of 2019. Legal & General, in partnership with Rightacres Property Com...
Wednesday, 18. April 2018

Unibail-Rodamco priced a €2.0 bn dual-tranche hybrid transaction

Unibail-Rodamco priced its inaugural hybrid securities offering to finance a portion of the cash consideration in the Westfield acquisition at €2 bn. The securities involved include a €1,250 mn Deeply Subordinated Perpetual Non-Call 5.5 year hybrid security with a 2.125% coupon and a €750 mn Deeply Subordinated Perpetual Non-...
Wednesday, 18. April 2018

Adler to enter into a joint venture with Benson Elliot

Based on a letter of intent, Adler Real Estate AG will establish a joint venture with Benson Elliot Capital Management LLP with the sole purpose of disposing of its non-core-units. Subject to legally binding documentation, Adler intends to transfer the non-core units ear-marked for disposal with a gross asset value of circa €...
Wednesday, 18. April 2018

Allianz Real Estate appoints Vincent Wathelet as Head of Belgium and Luxembourg

Vincent Wathelet has been appointed Head of Belgium and Luxembourg for Allianz Real Estate. He has been Acquisition Manager for the region since 2015. Based in Brussels, Wathelet is responsible for a €708 million portfolio owned by Allianz companies, composed predominantly of office assets in the cities of Brussels and Luxemb...
Wednesday, 18. April 2018
Cushman & Wakefield appoints John Keyes and Caroline Baker

Cushman & Wakefield appoints John Keyes and Caroline Baker

Cushman & Wakefield has named John Keyes as Chair of Public Sector and Caroline Baker as head of its Manchester Office. The promotions are effective immediately. Keyes is a strategic advisor to significant public sector organisations and agencies, ensuring their property is aligned with their business needs. He will focus ful...
Wednesday, 18. April 2018

DIC Asset records excellent result for its first scrip dividend

A large number of DIC Asset shareholders took advantage of the option to be paid their dividend in new shares, a choice offered to them for the first time. With a subscription price at €9.92 for each new share, and a subscription ratio of 15.5 to 1, the acceptance rate represented around 44 percent of the dividend-bearing sha...
Wednesday, 18. April 2018

Hammerson board backs away from Intu takeover

Hammerson is no longer urging its shareholders to vote in favour of its acquiring rival Intu. The shopping center operator has withdrawn its offer, citing the weakness of the current market. “Despite the resilience of Hammerson’s portfolio and strong operating metrics in Q1 2018, the equity market’s perception of the broader ...
Wednesday, 18. April 2018

Highest year on year record for European loan sales

Last year saw a return to growth in the loan sales market, with a total of €114 billion of real estate backed loan sales recorded during the year, according to the latest report by CBRE. Despite being a record year for loan transactions, there are still circa €1 trillion of outstanding NPLs held by European banks across all l...
Tuesday, 17. April 2018

McArthurGlen appoints Shaeren McKenzie as Chief Brand Officer

The McArthurGlen Group has announced the appointment of Shaeren McKenzie, currently Group Marketing Director, as its first Chief Brand Officer. In this newly-created role, McKenzie will focus on developing McArthurGlen’s consumer proposition, working in close cooperation with the company’s luxury and fashion brand partners, ...
Tuesday, 17. April 2018
Max Barclay appointed the new Head of Newsec Advisory

Max Barclay appointed the new Head of Newsec Advisory

Max Barclay has been promoted to, on top of his responsibilities as Head of Newsec Advisory, take overall charge of the group’s Advisory business. Barclay has worked within Newsec for more than 20 years, has a strong commitment to the business and a wide network in the industry. Barclay is also Chairman of Urban Land Institut...
Tuesday, 17. April 2018
Realogis appoints  Nicole Neumärker as authorised representative

Realogis appoints Nicole Neumärker as authorised representative

Realogis has appointed Nicole Neumärker as authorised representative of Realogis Immobilien Hamburg GmbH and Realogis Immobilien Deutschland GmbH. In this role, she is in charge of managing the offices with responsibility for earnings and staff as well as for organising, monitoring and adapting internal work processes. The re...
Tuesday, 17. April 2018

Principal completes acquisition of Internos Global Investors

Principal Global Investors (PGI) has completed the acquisition of Internos Global Investors. The acquisition of Internos adds significant European real estate investment capability to PGI, bringing with it a platform of more than 100 employees based in eight European offices with €2.68 billion in AUM (as of December 31, 2017)...
Tuesday, 17. April 2018
Vaclav Jonas takes over as Managing Director of CA Immo Czech Republic

Vaclav Jonas takes over as Managing Director of CA Immo Czech Republic

Vaclav Jonas has been appointed Managing Director of the Prague office and is thus responsible for all asset and property management activities of CA Immo, including tenant support and retention. Jonas will be supported by Jan Baxa, who took over the role of Head of Asset Management in the country from April 2018, and Radek P...
Tuesday, 17. April 2018
Leyla Maghsoodi-Parson joins BNP Paribas Real Estate as Alliance Network Officer

Leyla Maghsoodi-Parson joins BNP Paribas Real Estate as Alliance Network Officer

38-year old Leyla Maghsoodi-Parsons joined, as Alliances Network Officer, the International Advisory coordination team of BNP Paribas Real Estate led by Aymeric Le Roux, Executive Director. Reporting to Lou Cellier, Deputy Director Alliance s Network, she will develop international partnerships expanding the All...
Tuesday, 17. April 2018

DWP appoints Cushman & Wakefield on national mandate

The Department for Work & Pensions (DWP) has appointed Cushman & Wakefield to provide national Lease and Landlord Management services. Cushman & Wakefield’s appointment follows a competitive tender process run under the Crown Commercial Services’ previous Estates Professional Services framework RM928.
Tuesday, 17. April 2018

Pangea Property Partners to announce the promotion of Linn Idsø Brenne to partner

Pangea Property Partners has announced the promotion of Linn Idsø Brenne (44) to partner. She has more than 20 years of experience working within different industries, of which 15 years of specializing within the real estate industry. Brenne has broad property and transaction experience acting as advisor in Akershus Eiendom, ...
Tuesday, 17. April 2018

Fortwell Capital acquired by management

Fortwell Capital Limited, the alternative and specialist development lender owned by CPC Group, has been acquired by its current Management, Executive Director Dan Smith and Head of Real Estate Finance Arthur Jennings. Fortwell has been operating since 2011 and since then has lent in excess of £1.2 billion (c. €1.39 billion) ...
Monday, 16. April 2018