All articles by Jonathan Brasse – Page 3
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OnlineJLL appoints Ulbrich successor
Jones Lang LaSalle have poached Catella’s German chief Andreas Quint to be its new CEO for Germany.
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OnlineHypo €50bn rescue package finalised
Hypo Real Estate’s €50bn (£40.8bn) government-led bailout package has been finalised.
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ProLogis leases mega-shed to Kimberly-Clark
Shed giant ProLogis has signed up global health and hygiene company Kimberly-Clark at its ProLogis Park 55, southwest of Chicago, Illinois, in the US.
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Online
Dubai’s Damac to slash 200 jobs
Dubai-based Damac Group said today it would cut 200 jobs, or 2.5% of its workforce, because of the worsening global economy.
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OnlineQatar has ‘no involvement’ in funding of Olympic Village
The Olympic Delivery Authority remains committed to working with Lend Lease on the development of the Olympic Village.
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Online
Asia Pacific capital values to fall by 20% in 2009
Capital values across Asia Pacific will fall by as much as 20% in 2009 as the international financial meltdown continues to spread, according to ING Real Estate’s global research head.
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Online
Leeds arena decision gathers support
Leeds City Council’s chosen location for a new arena has been welcomed by the city’s property market.
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NewsProLogis European Properties’ shares fall as debt deadlines draw closer
PEPR shares fall by a third as Moody’s and JP Morgan urge caution among investors
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NewsKanAm’s ban on redemptions prompts similar moves from nine German funds
A run on private investors’ savings leads to payment moratorium among open-ended funds
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NewsGerman Union’s rearguard action against redemptions
Country’s biggest open-ended property fund manager demands change after big names suffer
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NewsZakay dips into £1bn pot for Spanish supermarket sweep
Topland buys 15-strong Eroski portfolio in €361m sale-and-leaseback agreement
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Online
LaSalle to raise £400m UK opportunity fund
LaSalle Investment Management is planning to snap up bargains with the launch of a £400m opportunity fund.
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OnlineTopland bags €361m Eroski portfolio
Topland has agreed the purchase of a 15-strong retail portfolio with Spanish retailer Eroski in Spain’s biggest hypermarket sale and leaseback deal.
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Online
Aviva joins the Germans in blocking fund redemptions
Aviva Investors has stopped investors taking their money out of its European Property Fund as the run on open-ended property funds spills out of Germany into Europe.
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OnlineKenmore to form Saudi alliance
Kenmore Property Group is to form a strategic alliance with Watan Investments & Securities, a Saudi Arabian investment banking firm.
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OnlineGerman investors flee funds
Degi has become the latest German open-ended fund manager to stop investors withdrawing their money as panic spreads across the sector.
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NewsKuwait bids adieu to £280m Hammerson sale
St Martins withdraws from Paris investment as emirate struggles to bail out banking sector
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OnlineGoodman’s A$1.5bn recovery position
Troubled Oz group pins hopes on disposals, rights issues and Asian focus
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OnlineGerman property company IVG appoints new CEO
IVG has unveiled Gerhard Niesslein as its new CEO
