Immo-news.net : Toute l'information immobilière - The real estate information - Información inmobiliaria http://www.immo-news.net/ 2012-05-17T20:41:59+02:00 Webzine Maker 46.5333328 6.6666665 http://www.immo-news.net/favicon.ico http://www.immo-news.net/var/style/logo.jpg CONSULTA PRESENTA LOS RESULTADOS DE SU ESTUDIO DE MERCADO LOGÍSTICO, 1er TRIMESTRE 2012: 2012-05-04T08:36:00+02:00 http://www.immo-news.net/CONSULTA-PRESENTA-LOS-RESULTADOS-DE-SU-ESTUDIO-DE-MERCADO-LOGISTICO-1er-TRIMESTRE-2012_a9432.html http://www.immo-news.net/photo/art/imagette/4147991-6297165.jpg 2012-05-04T08:37:00+02:00 Oriol Mora CONSULTA PRESENTA LOS RESULTADOS DE SU ESTUDIO DE MERCADO LOGÍSTICO, 1er TRIMESTRE 2012:
El mercado logístico catalán continúa activo en el primer trimestre de 2012, según muestra el estudio de mercado logístico elaborado por CONSULTA.

La absorción registrada a lo largo del 1er trimestre se acerca a los 80.000 m², lo que representa una proyección a final de año por encima de los 300.000 m². Esta tendencia replica el comportamiento del mercado experimentado durante 2011, con una cifra contratada que supuso segunda mayor absorción de los últimos 10 años.

Con las contrataciones producidas en los últimos meses, la carestía de inmuebles logísticos de calidad a partir de 10.000 m² que se había manifestado a finales de 2011 en un radio de 30 Km. de Barcelona, se ha ampliado a la zona del Penedès. Este hecho debería generar a lo largo de 2012 contrataciones en otras zonas de la 2ª corona como el Bages o en la 3ª corona sur, que corresponde con el triángulo logístico de Tarragona.
La tasa de desocupación global ha bajado un punto respecto el cierre del último trimestre situándose en un 12%, siendo significativa la reducción en más de 4 puntos registrada en la segunda corona.

Por último, se observa una consolidación en el nivel de rentas, con tendencia a un ligero repunte, en las zonas con ratios de desocupación inferiores al 4%. Prevemos que las aéreas con tasas de disponibilidad superiores al 25% permitirán operaciones por debajo de los 3€/m²/mes, hasta que se consiga una relación oferta-demanda equilibrada.

Solicítenos la versión resumen del estudio de mercado logístico, mediante e-mail dirigido a info@navesbarcelona.es*; estamos a su disposición también para una presentación detallada del mismo, en este caso estaremos encantados de visitarle. Contacte con nosotros en el teléfono 93 452 22 62 para concertar una reunión.

]]> Affine - 1Q12 - Croissance de 2,8 % des loyers à périmètre constant 2012-05-04T08:39:00+02:00 http://www.immo-news.net/Affine-1Q12-Croissance-de-28-des-loyers-a-perimetre-constant_a9434.html 2012-05-04T08:36:00+02:00 Immo News A périmètre constant, les loyers enregistrent une croissance de +2,8 %, bénéficiant de la diminution de la vacance enregistrée principalement dans la seconde partie de 2011 et de l'effet positif de l'indexation. Après prise en compte de l’impact net sur les loyers des cessions, acquisitions et de la montée en puissance du site d'Arcachon acquis en VEFA, les loyers restent stables à 11,4 M€.

Le chiffre d'affaires de l'activité Immeubles s'établit à 14,4 M€, en hausse de 1,6 % grâce à une refacturation plus efficace des charges locatives.

Les autres postes reflètent la stratégie de recentrage sur l’activité de foncière avec la poursuite de la baisse du chiffre d’affaires de location-financement (-1,6 M€). Le développement immobilier enregistre la vente d'une des dernières opérations résidentielles.

Au global, le groupe Affine a réalisé au cours des trois premiers mois de 2012 un chiffre d’affaires de 17,3 M€, en baisse de 3,6 % par rapport à la même période en 2011 (en proforma).

Activité

Au premier trimestre, 13 nouveaux baux ont été signés et 2 ont été renouvelés, contribuant au loyer annuel global à hauteur de 0,5 M€. Par ailleurs, 4 locataires, représentant un loyer annuel total de 0,5 M€ ont notifié leur départ.

Faisant suite à son éco-rénovation, la tour située rue Traversière, et louée entièrement à la SNCF jusqu'en 2021, a obtenu le label BREEAM. Dans la continuité de ce rehaussement, des travaux répondant à la règlementation PMR (Personne à Mobilité Réduite) sont en cours de
réalisation.

Affine a inauguré le 24 mars, aux côtés du Maire et d’Eiffage (promoteur et constructeur du site), le marché municipal d’Arcachon, qui marque le terme de la restructuration du nouveau cœur de ville, pour lequel le groupe a investi dans 2 400 m² de commerces de pied d'immeubles (plus d'informations dans le communiqué du 23 mars disponible sur www.affine.fr).

La rationalisation du portefeuille se poursuit avec la cession au premier trimestre de 2,2 M€ d’immeubles matures ou de petite taille : un immeuble de bureaux à Toulouse, des locaux d'activités à Lezennes et la poursuite de la vente des appartements de l'immeuble résidentiel à Saint-Cloud. Ces cessions ont été réalisées en moyenne à des prix correspondant aux valeurs d'expertises de fin décembre 2011.

2) SITUATION FINANCIERE AU 31 MARS

La structure financière du Groupe n’a pas significativement varié par rapport au 31 décembre 2011.

3) PERSPECTIVES

Les incertitudes qui pèsent sur l’économie mondiale, tant du point de vue de la croissance que de celui des capacités du système financier, confortent le choix de prudence fait par Affine dans son développement.

Les priorités d’Affine en 2012 portent sur la réduction de la vacance, la poursuite de l'optimisation de la gestion locative, notamment à travers l'amélioration des processus internes du groupe, et la finalisation du programme de refinancement de 2012, déjà en cours de montage à plus de 90 %.

La continuité des cessions d’actifs non stratégiques renforcera la structure financière, tandis que le groupe s’attachera en fonction des opportunités à poursuivre ses investissements.

www.affine.fr
]]> SkyKey commercial building in Zurich Oerlikon – laying of the cornerstone 2012-05-03T07:23:00+02:00 http://www.immo-news.net/SkyKey-commercial-building-in-Zurich-Oerlikon-laying-of-the-cornerstone_a9433.html 2012-05-03T07:21:00+02:00 Immo News Swiss Prime Site AG, Steiner Group and Zurich Switzerland have commenced the primary construction phase of the 18-storey SkyKey commercial building, with a laying of the cornerstone ceremony. The complex is being constructed according to the LEED standard and will be ready for occupancy in the summer of 2014.

The laying of the cornerstone ceremony took place today at 4 p.m. at Hagenholzstrasse 60 for one of the most significant new building projects in Zurich North. The SkyKey high-rise
project, developed by Steiner Group, was acquired by the real estate investment company Swiss Prime Site AG in January 2011 and is under construction until summer of 2014. Zurich
Insurance Company Ltd (Zurich Switzerland) is the sole tenant of the roughly 40’000 squaremetre rental floor space comprising 18 upper storeys as well as 230 parking places and
storage rooms situated in the two subterranean levels.

"SkyKey is captivating thanks to its bold and aesthetically impressive architecture, as well as its consistently planned high level of sustainability,” declared Peter Lehmann, Chief
Investment Officer of Swiss Prime Site AG, which will invest roughly CHF 236 million in the project. The building – designed by architect firm Theo Hotz AG – is being constructed with a
view toward certification according to the LEED (Leadership in Energy and Environmental Design) international environmental label.

SkyKey is being constructed adjacent to the Business Centre Andreaspark (BCA), in which the new headquarters of Steiner Ltd has been located since summer 2011. “With Swiss
Prime Site as investor and Zurich Switzerland as tenant, we’re pleased to welcome our favourite partners to Andreaspark. We’re looking forward to residing in such a nice
neighbourhood already today,” stated Henri Muhr, CEO of Steiner Group. The large-scale building project has been developed by Steiner Group on the last parcel of land suitable for
construction situated on the original Steiner site in the up-and-coming Leutschenbach quarter.

"SkyKey indeed constitutes the key to our services culture,” said Joachim Masur, CEO of Zurich Switzerland. The company is combining all its business units under one roof at the
new Zurich Switzerland headquarters. SkyKey very clearly represents networking, innovation, efficiency and excellence in terms of providing support to clients. As the primary
decisive criteria for choosing SkyKey, Joachim Masur cited the high quality and flexibility of use of the rooms, the sustainable construction standards as well as close proximity to the
public transportation network, with swift accessibility to Zurich Airport, Zurich city and the expressway. Upon completion in the summer of 2014, the SkyKey complex will be home to
roughly 2’400 workplaces for the company’s employees.

SkyKey: key figures

Address Hagenholzstrasse 60, 8050 Zurich Oerlikon
Construction period summer 2011 to summer 2014
Number of storeys 18 upper and 2 subterranean levels
Height 63 metres
Property area approximately 9’500 m2
Construction volume approximately 219’000 m3
Total investment costs approximately CHF 236 million
Office floor space approximately 40’000 m2
Number of parking places 230
Architect Theo Hotz AG, Zurich
Investor Swiss Prime Site AG, Olten
Project development and total services
contractor Steiner Ltd, Zurich
Sole tenant Zurich Insurance Company Ltd (Zurich Switzerland)
Internet www.skykey.ch
]]> CBRE appointed to market 40,000 m² Lisbon portfolio 2012-05-01T07:16:00+02:00 http://www.immo-news.net/CBRE-appointed-to-market-40000-m-Lisbon-portfolio_a9431.html http://www.immo-news.net/photo/art/imagette/4144878-6292677.jpg 2012-05-01T07:11:00+02:00 Immo News CBRE appointed to market 40,000 m² Lisbon portfolio
CBRE has been selected as the exclusive property advisor to sell a portfolio of prime office buildings, totaling more than 40,000 m² in Lisbon by Energias de Portugal (EDP), one of the largest energy operators in the Iberian Peninsula and Portugal’s largest industrial group.

The sale represents the opportunity to acquire some of the most sought after real estate in the Portuguese capital. The portfolio includes the city’s most prominent office complex located on the Marquês de Pombal square in the heart of Lisbon, comprising four adjacent properties, as well as two other strategically located assets in the capital.

This process is part of EDP's move to new headquarters on Avenida 24 de Julho in Lisbon, which are currently under construction. EDP is expected to continue to occupy the buildings for at least another two years, until the new headquarters is completed.

Francisco Horta e Costa, Senior Director of Capital Markets, CBRE Portugal commented: “The truly unique nature of this portfolio, backed by guaranteed income for a minimum period from one of Portugal’s most sought after tenants, makes this sale both a very attractive investment and asset management-led opportunity.

“We are delighted to have been instructed by EDP to seek offers for the whole portfolio. Bids for sub-portfolios or individual properties may also be considered.”

]]> Savills: Belgian investment market driven by retail sector, while office lettings remain stable 2012-05-01T06:51:00+02:00 http://www.immo-news.net/Savills-Belgian-investment-market-driven-by-retail-sector-while-office-lettings-remain-stable_a9430.html http://www.immo-news.net/photo/art/imagette/4144856-6292652.jpg 2012-05-01T06:45:00+02:00 Immo News Savills: Belgian investment market driven by retail sector, while office lettings remain stable
The retail sector is driving investment in Belgium, accounting for 50% of the €553 million total investment volume recorded in the first quarter of 2012, according to international real estate advisor Savills.

The firm notes that major retail transactions this year include the purchase of retail gallery Toison D’Or for €62 million by Prupim and the Westland Shopping Centre acquired for €80 million by AG Real Estate.

Savills research indicates that overall, the Belgian investment market performed well in Q1 2012, reaching the same level as recorded in Q1 2011 and 32% above the previous quarter with Brussels accounting for 37% (€191million) of investment turnover. Office turnover was lower than usual, at €99 million in Q1 2012, however Savills expects this to improve as the year progresses and notes that investor demand for well let prime offices remains strong.

Gregory Martin, Managing Director at Savills Belgium, says: “We have seen a good start to the year in the investment market, especially in the retail sector due to the availability of products meeting investor requirements and institutional investors choosing to diversify their portfolios with retail assets. We expect the market to broaden into offices later in the year.”

When assessing the Brussels office market, Savills found that just 90,000 m² of new development is scheduled for completion in 2012 of which most is located in the CBD. The firm also expects the vacancy rate, which currently stands at 11%, to remain stable over the coming months.

In terms of take-up in the city, Savills data shows that this reached 95,168 m² in Q1 2012, compared to 115,224 m² in Q1 2011, with 65% of this (62,291 m²) taking place in the CBD. The EU administration accounted for 36% of take-up with a single pre-let of 24,463 m² in the new Square Orban development in Brussels' Leopold district.

Prime rents in this district stand at €290/m²/year, representing a 2% decrease from Q1 2011. Overall prime rents across Brussels stayed in line with 2011 levels except in the periphery where they decreased by 15% due to high vacancy rates which favored occupiers.

Julie Depierre, Head of Research Savills Belgium, says: “Some businesses are still cautious and postponing office relocations but now that the political deadlock has ended we expect to see more letting activity on the Brussels office market, particularly from the Belgian administrations.”

]]> Jones Lang LaSalle : European office buildings face greater obsolescence 2012-05-01T06:44:00+02:00 http://www.immo-news.net/Jones-Lang-LaSalle-European-office-buildings-face-greater-obsolescence_a9429.html 2012-05-01T06:43:00+02:00 Immo News Over the next decade European office buildings face an increased risk of value depreciation and obsolescence as structural change in three factors will combine to accelerate risk according, to the Jones Lang LaSalle Offices 2020 research program.

The rate of increase of office obsolescence, where the building is no longer desirable or fit for use, will accelerate due to increasing sustainability legislation, advancing workplace technology and evolving employer requirements.

As a result, substantial amounts of office stock will depreciate in value and be converted to alternative uses. For example, in Amsterdam, take-up of office space over 1,000 m² totaled 160,000 m² in 2011, whereas over 93,000 m² of office space was allocated for uses such as hotels and residential. In Birmingham, take-up over 1,000 m² totaled 31,100 m² in 2011. This compares with 50,000 m² which was allocated for alternative uses. This trend will intensify as legislation and technology continue to evolve.

Bill Page, Head of EMEA Offices Research at Jones Lang LaSalle said: “The majority of European office buildings are old. In Germany for example, 59% of non-domestic building stock dates from between the 1950s and 1990s. In the UK, 22% of commercial building stock dates before 1960, whilst in Paris, two-thirds of office stock is over 20 years old. Old buildings will require even more investment and upkeep to ensure they are fit for purpose. This comes with greater risk.”

On top of high volumes of adaptation for alternative uses, current low rates of replacement of offices in Western Europe, of between 1% and 3%, mean that as stock continues to age, greater strain is placed on investors and occupiers to future proof current assets and safeguard rental income, reduce voids and attract companies willing to take space in the building. This is even more challenging in an environment of limited capital expenditure and product that will essentially be controlled by banks for some time yet.

Benoît du Passage, Managing Director – France and Southern Europe, Jones Lang LaSalle and executive sponsor of the client research project commented: “Whilst depreciation and obsolescence are not new for real estate, they impact offices more than any other commercial sector. Staying ahead of the game is a perennial issue.

"In France, anecdotal evidence suggests that investors are already pricing in the cost of upgrading buildings to the standards required by Grenelle II, the environmental laws. This will impact property valuations, especially secondary product that may require more substantial financial investment.”

Added Page: “Office buildings are complex development projects that can take many years to move from architect’s vision to finished built product. But the industry and demands of corporate occupiers are evolving at a quicker pace.

"Companies want flexible buildings that meet evolving sustainability and technology standards, employees want a pleasant work environment. Buildings that fall short of the legal requirements and are unsuitable will either be allocated for other use or, in extreme circumstances demolished.”
]]> Multi signs shareholders agreement with Gdańsk Municipality to develop Hay and Crayfish market 2012-05-01T06:43:00+02:00 http://www.immo-news.net/Multi-signs-shareholders-agreement-with-Gdańsk-Municipality-to-develop-Hay-and-Crayfish-market_a9428.html 2012-05-01T06:40:00+02:00 Immo News On April 27, 2012, the Consortium of Multi Development Poland Sp. z o.o. and Multi Corporation signed the Shareholders Agreement with the Municipality of Gdansk regarding development of the area of Hay and Crayfish Market in Gdansk.

After signing the Preliminary Agreement - Shareholders Agreement and Articles of Association on October 14, 2010, MDP received a positive opinion of the Architectural-Urban Concept by the Pomeranian Historic Preservation Officer (PHPO) in December 2011.

Multi also concluded the Settlement with the companies from PKP Group (Polish Railways).

The competition for the development of Hay and Crayfish Market was announced by the Mayor of Gdansk in September 2009. Multi was selected by the City out of 12 developers.

The investment, under the name of Forum Radunia, is located in the very heart of historical Gdansk, one of the most important cities in Poland. With 456,000 inhabitants, it is the sixth most populated city in Poland and part of the TriCity agglomeration of 1.2 million inhabitants.

Forum Radunia, due to its central location, will provide direct access through the Integration Hub in Armii Krajowej Street to the planned new bus and tram stops as well as the stops of the Fast Urban Railway. The investment will encompass the area of 5.5 ha.

“This investment will completely change the Hay and Crayfish Markets. It will change Gdansk itself. A totally unique and appealing city center will be created which will refer to the history. I am happy that such an experienced and credible company like Multi is our partner. I am convinced that together we will meet the expectations of the Gdansk people,” says Pawel Adamowicz, Mayor of Gdansk.

The main goal of the development is to revitalize and strengthen the inner city of Gdansk by creating a multifunctional downtown city center, connecting retail, entertainment, culture, services and office space as well as a car park accessible for public.

The concept, by Multi’s in-house architectural design company T+T Design, recovers historical urban lines and integrates the monumental Radunia Canal. In this way the history of Gdansk is part of the new development. T+T Design’s plan is based on a combination and integration of individual buildings, streets and squares, all developed with the high quality that Multi’s inner-city projects are known and awarded for.

A crucial part of the whole investment is to also accomplish the public objectives; such as construction of Heritage of Pomeranian Region Museum Building, development and modernization of technical and road infrastructure that will improve the existing and future passageway of two significant and crucial interchanges and construction of Nowe Podwale Grodzkie street.

The PKP Fast Urban Railway in Tri-City will build a new stop, with a working name Gdansk Srodmiescie, so as to provide direct access to the public space including squares and boulevards which will be created. Development of the Platform over the railway tracks is expected to be one of the most impressive undertakings in the project.

“It is an important and good project for PKP which gives the commercial opportunities for development of rail properties in the centers of big cities. The preparation of the project for the development of the area of Hay and Crayfish Market was one of the most difficult that faced the PKP companies. Unfavorable legal conditions, restrictive security regulations and the necessity of synchronizing the works conducted by the railways’ authorities were a great challenge for the negotiating parties.

“The documents signed today crown almost five-year period of cooperation between PKP and authorities of Gdansk on this large scale project. I’m happy of the success of these negotiations and of the fact that besides the realization of the project a new section of Fast Urban Railway and a Gdansk Srodmiescie passenger stop will be created. It’s a good step for the development of railways in Poland and creating its positive image,” says Director Teresa Pyzik, a property proxy for the PKP Board.

“I am very happy that the years devoted to the negotiations are finally being finalized by signing the Settlement with PKP Group and Shareholders Agreement with the City. I strongly believe that together we will succeed in building a new stop for the Fast Urban Railway in Gdansk,” says Maciej Lignowski, President of the Board, Fast Urban Railway in Tri-City

The Hay and Crayfish Market is to become a new large-scale center of Gdansk, a direct extension of the existing historical city integrating historical Gdansk with the rest of the inner city and its administrative part.

“We believe Forum Radunia is a very important project for the City of Gdansk. The inner-city is currently more for tourists and should, after the realization of Forum Radunia, be a place where local citizens of Gdansk will meet, relax, shop, use and a place they can identify with,” says Ronald Dasbach, Multi’s Managing Director for Central and Eastern Europe.

“We are very happy that the City and its officials recognized the importance of this project and developed the vision and strategy for the innercity. We would also like to thank the PKP for enormous contribution to this project.”

The project will be realized in two phases. The first phase will be completed by 2015/2016, whereas the realization of the whole investment is planned for year 2020. In the first stage the Platform over the railway tracks with multi-story car park accessible for public and a shopping center with leasable area of ca. 45,000m² will be realized.

Simultaneously the public works will be conducted including museum building, roads and other infrastructure. The second phase encompasses the construction of an office park above the railway.

“Gdansk has been our target since Multi started in Poland,” says Tomasz Matusiak, Managing Director of Multi Development Poland. “It is a place of great potential that deserves unique public space where history and modern times are woven together in harmony.”

http://www.multi.eu
]]> Headline rents for prime locations in Bucharest see a slight increase in Q1 2012, as a result of increased demand and low level of deliveries 2012-04-30T06:26:00+02:00 http://www.immo-news.net/Headline-rents-for-prime-locations-in-Bucharest-see-a-slight-increase-in-Q1-2012-as-a-result-of-increased-demand-and_a9427.html 2012-04-30T06:24:00+02:00 Immo News The total office supply in Bucharest slightly surpassed 1.84 million sq m at the end of 2011
The planned supply for 2012 is anticipated to reach approximately 100,000 sq m; The office stock in Bucharest is likely to reach a level above 2 million sq m in 2013

The net take-up reached 46,000 sq m in Q1 2012; By the end of 2012 we estimate a level of transactions similar to the volume registered in 2011, with the pre-lease activity increasing its share in the total take-up volume
For 2012 year-end we estimate a constant rental value for Bucharest business districts including the premium locations which will remain stable at €18.5–19.5 per sq m per month

Bucharest, Romania: The total office supply in Bucharest slightly surpassed 1.84 million sq m at the end of 2011, as shown in the latest DTZ report, Property Times Offices - Romania. The list of most important office buildings delivered in 2011 includes Platinum Business & Convention Center (41,000 sq m), Crystal Tower (16,200 sq m) and Novo Park – building G (13,000 sq m).

Historically, 2011 represents the lowest level of completions since 2004, amounting to a total of approximately 90,000 sq m. Q1 2012 cumulated only 2,500 sq m of new supply, represented by the completion of the Barbu Vacarescu Offices scheme, developed by Expert RoInvest Development.

The planned supply for 2012 is anticipated to reach approximately 100,000 sq m, representing an increase of 12% compared to 2011. For 2013 an additional supply of around 130,000 sq m is expected to be completed, thus bringing the office stock from Bucharest to a level above 2 million sq m.

The net take-up volume registered at the end of 2011 reached 225,000 sq m with the second quarter at the forefront of the occupational activity, amounting to approximately 40% of the annual total. The last three months of 2011 registered the lowest activity in the last two years with circa 20,000 sq m tracked as net take-up.

On a quarter-on-quarter comparison basis, a significant increase in the take-up volume was reached in Q1 2012. Thus, the net take-up volume (comprising new lease transactions, pre-leases and expansion deals) reached 46,000 sq m including the largest transaction tracked in Q1 – Raiffeisen Bank’s lease of 22,946 sq m in Sky Tower. It should be noted that this transaction involved a tenant and a landlord within the same group.

In terms of demand by subzone, the central–northern area (Barbu Vacarescu – Floreasca – Charles de Gaulle Square – ‘Presei Libere’ Square) gained the largest share out of the quarterly net take-up volume, reaching 65%.
Formally, the Financial Services (FS) sector dominated the quarterly net take-up volume. Once the intragroup transaction, namely the Raiffeisen Bank lease in Sky Tower, is disregarded the take-up volume reaches 21,700 sq m with the Industrial/Manufacturing-Trading (IM) and the Business/Professional Services (BPS) accounting for approximately equal shares of 23%.

By the end of 2012 we estimate a level of transactions similar to the volume registered in 2011, with the pre-lease activity increasing its share in the total take-up volume.

In Q1 2012 the vacancy rate decreased from 13.9% registered in Q4 2011 to 13.4%. The vacancy rate recorded a significant decrease in the last 12 months meaning 250 basis points. The lowest vacancy of office space is still found in the central and western submarkets whilst the highest rates are still associated to the northern subzone, such as 20% in Pipera.

The headline rents marginally increased in the first quarter of the year as we record an uplift of ca. 3% quarter-on-quarter to a level which ranges between €18.5–19.5 per sq m per month for the central area. For the semi-central locations the rental level ranges between €13–16 per sq m per month and €10–12 per sq m per month for decentralised business districts.

For 2012 year-end we estimate a constant rental value for Bucharest business districts including the premium locations which will remain stable at €18.5–19.5 per sq m per month.

]]> pbb Deutsche Pfandbriefbank, HSBC Bank plc and Wells Fargo provide a senior facility LaSalle Investment Management provides a mezzanine loan supporting the acquisition 2012-04-30T06:21:00+02:00 http://www.immo-news.net/pbb-Deutsche-Pfandbriefbank-HSBC-Bank-plc-and-Wells-Fargo-provide-a-senior-facility-LaSalle-Investment-Management_a9426.html 2012-04-30T06:14:00+02:00 Immo News pbb Deutsche Pfandbriefbank, HSBC Bank plc and Wells Fargo have jointly provided senior financing for the acquisition of a portfolio of distribution warehouses located across the UK by the Blackstone Group. In addition, LaSalle Investment Management, on behalf of its Junior Loan Programme, has provided mezzanine financing to to support the acquisition. The total senior and mezzanine financing amount provided was £204 million. The transaction closed on 18 April 2012. pbb Deutsche Pfandbriefbank, HSBC Bank plc and Wells Fargo acted as Joint Arrangers and Underwriters. pbb Deutsche Pfandbriefbank is the Facility Agent and Security Agent to the senior facility. The portfolio comprises 17 distribution assets located across the UK. Together they provide circa 3.6 million sq ft of space. The transaction is a continuation of Blackstone’s strategy of investing in high quality logistics properties in the United Kingdom.

Bernhard Scholz, the Management Board member of pbb Deutsche Pfandbriefbank, Matthew Webster, Global Head of Real Estate Finance, HSBC, and Chip Fedalen, Group Head, Wells Fargo Commercial Real Estate - Institutional and Metro Markets commented on behalf of the senior lenders: “Blackstone is a core client of the senior lending group and we are happy to work with them alongside LaSalle Investment Management. We are excited about future opportunities to support our clients doing business and appreciate working with our co-lenders.

” Amy Klein Aznar, Head of Special Situations and Structured Investments, LaSalle Investment Management, said: “LaSalle is delighted to have provided Blackstone with mezzanine debt financing on this transaction and to have successfully structured the facility together with pbb, HSBC and Wells Fargo. This transaction fits very well into our highly active Junior Loan Programme. We look forward to working with all parties again in the near future."



]]> Anne-Marie Idrac is appointed director of Bouygues 2012-04-30T06:13:00+02:00 http://www.immo-news.net/Anne-Marie-Idrac-is-appointed-director-of-Bouygues_a9425.html 2012-04-30T06:12:00+02:00 Immo News

The Combined Annual General Meeting of 26 April 2012, with Martin Bouygues in the chair, has approved the appointment of Anne-Marie Idrac to Bouygues’ Board of Directors for a term of three years.

Anne-Marie Idrac, a graduate of both the Institut d'Études Politiques of Paris and of ENA (the "Simone Weil" intake), has spent most of her career in the fields of the environment, housing, urban planning and transport. She was previously Secretary of State for Transport, Chairwoman and CEO of the RATP (the Paris public transport authority), Chairwoman and CEO of the SNCF (French state railways) as well as Secretary of State for Foreign Trade. Anne-Marie Idrac is a director of Vallourec and Saint-Gobain.


www.bouygues.com 

]]> Ouverture en fanfare et forte affluence pour GREEN7  Le concept séduit les enseignes et la clientèle 2012-04-30T06:05:00+02:00 http://www.immo-news.net/Ouverture-en-fanfare-et-forte-affluence-pour-GREEN7 -Le-concept-seduit-les-enseignes-et-la-clientele_a9424.html 2012-04-30T06:02:00+02:00 Immo News GREEN7, dernier né des parcs commerciaux environnementaux Greencenter® développés par la foncière FREY,
a ouvert ses portes le mercredi 25 avril sous un temps peu clément. Mais peu importe !
Les clients étaient au rendez-vous et les enseignes sont particulièrement ravies de l’affluence de cette première journée.
 
Plus de 15 000 personnes pour la première journée, c’est un bon début !

Mercredi matin, le ciel menaçant n’a pas dissuadé les clients de venir découvrir leur nouvel espace de commerce « 100% nature ».
 
Tout au long de la journée, près de 7 000 véhicules, soit  plus de 15 000 personnes, sont venues sur le parc. Mais attention, les véhicules restent à l’extérieur du mail piéton, rien ne doit gâcher la balade commerciale en famille.
 
Les premiers visiteurs semblent conquis.
 
 
Témoignages à l’appui à la sortie du parc :
 
“C’est beau, c’est grand et puis il y a pas de voiture on peut se promener tranquillement”
“ Il y a de belles enseignes, maintenant on n’ira plus à Lyon faire nos courses”
“C’est propre, il y a des jeux pour les enfants, on peut faire ses courses en famille sans stress”
“ Il y a des tas de nouvelles enseignes qu’on ne connaissait pas”
“ Le  parking est grand et puis, pour une fois, il y des espaces verts. C’est pour ça que ca s’appelle GreenCenter ?”
“ Je reviendrai en famille.C’est sympa il y a des tas de magasins nouveaux et puis un restaurant pour se poser »
 
Pari réussi pour Frey : les enseignes aussi sont ravies 
 
Pour chacun de ses parcs commerciaux, FREY porte un soin tout particulier à la qualité architecturale et environnementale des sites, afin de proposer un écrin valorisant et agréable pour les commerçants et leurs clients. La journée d’ouverture est donc cruciale car elle donne le ton et le ressenti des usagers.
 

« Beaucoup de monde ! Des clients très contents qui venaient d’assez loin ! Ils sont satisfaits du magasin et de l’offre produits, mais également du parc en lui-même. C’est une belle journée qui est de très bonne augure pour la suite », explique Julie Menant  Directrice du magasin Décathlon.
 
Pour  Patrick Poujois, Directeur du magasin Kiabi, c’est « Une belle surprise de voir autant de monde dès le premier jour et malgré un temps non favorable. Le parc est une belle réussite au niveau architectural ! Nous sommes très satisfaits par la fréquentation de ce premier jour ! »
 
 
Pour Stéphane Mohorte, directeur du  restaurant implanté dans le parc La Plancha Loca,  c’est aussi une belle réussite : « Enormément de monde, et même le soir ! Les clients ont apprécié cette grande allée végétalisée ponctuée d’aires de jeux et de bassins d’eau. Ils sont conquis et surpris par la qualité de l’architecture du parc ! Nous avons même eu des clients qui revenaient de l’Alpes d’Huez qui ont entendu parler de l’ouverture et qui se sont donc arrêtés chez nous pour se restaurer et découvrir le parc !»
 
« La journée a été très porteuse, au-delà de nos espérances ! Le parc est très beau et très accueillant. Les clients attendaient son ouverture ! Nous avons eu beaucoup de clients du plateau de l’Ardèche. Très belle journée, vraiment ! », M Rolland, responsable du magasin Jennyfer.
 
 


]]> Investissement : la question du financement et du refinancement de la dette immobilière, enjeu majeur en 2012 2012-04-19T07:14:00+02:00 http://www.immo-news.net/Investissement-la-question-du-financement-et-du-refinancement-de-la-dette-immobiliere-enjeu-majeur-en-2012_a9423.html 2012-04-19T07:13:00+02:00 Immo News Près de 2,1 milliards d’euros ont été investis en immobilier d’entreprise banalisé (bureaux, entrepôts, locaux d’activité et commerces) au 1er trimestre 2012, un volume en ligne avec celui enregistré début 2011.

Grâce à cinq opérations, le segment des transactions d’un montant compris entre 100 et 200 millions a représenté près de 706 millions d’euros. Néanmoins, et en l’absence de transaction supérieure à 200 millions d’euros, la taille moyenne des investissements a connu un net fléchissement, à 12 millions d’euros au 1er trimestre 2012 contre 19 millions d’euros en moyenne sur la période 2008-2011.

Les bureaux dominent nettement le marché au 1er trimestre 2012, constituant 78% des engagements, soit plus d’1,6 milliard investis, et générant une croissance de 9% par rapport à la même période en 2011. Si la recherche d’actifs « prime » et sécurisés reste le cœur de la stratégie des investisseurs, le marché de la VEFA (Vente en l’état futur d’achèvement) , qui représente près de 475 millions d’euros, enregistre une performance satisfaisante. Malgré 306 millions d’investissement, soit 15% des engagements, le commerce n’a pas réussi à franchir la barre des 400 millions d’investissements du 1er trimestre 2011. Cette moindre performance résulte essentiellement d’un manque d’opportunités.

L’Ile-de-France demeure le marché privilégié des investisseurs, mais les investissements en régions, orientés à la baisse depuis 2009, ont connu une belle percée avec 30% des engagements au 1er trimestre 2012 contre 24% en 2011.

Les fonds d’investissement (591 millions d’euros), les institutions, essentiellement les assureurs (580 milliards d’euros) et les foncières cotées (241 millions d’euros) ont été les acteurs les plus actifs au cours des trois derniers mois.

L’inflexion des taux de rendement « prime » bureaux, entamée il y a maintenant près de deux ans, a pris fin en Ile-de-France fin 2011. Les taux de rendement se sont stabilisés et devraient se maintenir à ce niveau en 2012.

« Après les volumes record de la fin d’année, le marché de l’investissement revient à des niveaux plus normaux mais encore en deçà du potentiel du marché » commente Magali Marton, Directrice des Etudes pour la zone CEMEA de DTZ. « La question du refinancement de la dette immobilière sera au cœur des enjeux de l’année 2012, de nombreux prêts immobiliers contractés au pic du marché en 2007 arrivant à échéance en 2012. La recomposition du paysage financier entre dans sa phase active et devrait permettre un retour à une activité plus fluide du marché d’ici la fin de l’année ».
]]> Development Securities PLC appointed Development Manager by Trinity Hall at 110,000 sq ft Cambridge Science Park scheme 2012-04-19T07:12:00+02:00 http://www.immo-news.net/Development-Securities-PLC-appointed-Development-Manager-by-Trinity-Hall-at-110000-sq-ft-Cambridge-Science-Park-scheme_a9422.html 2012-04-19T07:12:00+02:00 Immo News Development Securities PLC announces that it has been selected by Trinity Hall, University of Cambridge, as Development Manager for a 110,000 sq ft scheme at Cambridge Science Park, one of the world’s largest centres for commercial research and development. The new development comprises three individual research office buildings providing 45,000 sq ft, 35,000 sq ft and 30,000 sq ft of space.

Paul ffolkes Davis, Trinity Hall, University of Cambridge, said: “Development Securities impressed us with the right blend of national presence combined with local knowledge through their work at Cambourne Business Park. We are owners of the land and expect to structure the funding for the development using our banking relationships. We look forward to seeing a planning application lodged in the spring.”

Julian Barwick, Executive Director, Development Securities, said: “This is an exciting scheme that is set to enhance the Cambridge Science Park offering high quality office and research space. We shall be bringing our proposals before interested occupiers in the spring and plan a start of the first building by the end of the year.”

Savills and Carter Jonas have been appointed to secure tenants and marketing for pre lets will start immediately. The development has been designed by Aukett Fitzroy Robinson.
]]> Topland and Barclays increase scale of strategic partnership in natural resources sector 2012-04-19T07:07:00+02:00 http://www.immo-news.net/Topland-and-Barclays-increase-scale-of-strategic-partnership-in-natural-resources-sector_a9421.html 2012-04-19T07:07:00+02:00 Immo News

Topland Group (“Topland”), one of the largest privately-owned international investment groups, and Barclays Natural Resource Investments (“BNRI”), a global private equity business focused on natural resource investment opportunities, announced in January 2011 a strategic partnership to co-invest in the natural resources sector. Initially Topland committed to co-invest in nine existing BNRI portfolio companies for which the total equity commitment from investors including Topland was $660 million.

Topland is pleased to confirm that since January 2011, it has subsequently committed to invest in a further four opportunities which have a total equity commitment from investors including Topland of $430 million. These new opportunities are in a variety of sectors including mining, oil & gas and renewables.

Sol Zakay, Group Chairman commented: “We are delighted with the performance of both the team at BNRI and the initial investments, demonstrated by our commitment to further investment. We have every confidence that exceptional returns will be provided.”

Freddie Lee, Director at BNRI commented: “BNRI’s portfolio and business continues to expand and develop, as we execute proprietary investment opportunities in the natural resources sectors. We are very pleased to also continue to expand and develop our successful co-investment partnership with Topland.”
]]> pbb Deutsche Pfandbriefbank, Natixis and Société Générale Corporate & Investment Banking finance the acquisition of a German real estate portfolio by a US-Investor 2012-04-19T07:07:00+02:00 http://www.immo-news.net/pbb-Deutsche-Pfandbriefbank-Natixis-and-Societe-Generale-Corporate-Investment-Banking-finance-the-acquisition-of-a_a9420.html 2012-04-19T07:06:00+02:00 Immo News pbb Deutsche Pfandbriefbank, Natixis Zweigniederlassung Deutschland and Société Générale Corporate & Investment Banking have provided a US-investor with a loan of € 158 million. pbb Deutsche Pfandbriefbank acted as Mandated Arranger and is Security and Facility Agent. Natixis Zweigniederlassung Deutschland and Société Générale Corporate & Investment Banking were Mandated Arrangers.

The loan is divided into an investment loan of € 147 million for the acquisition of a German real estate portfolio and a Capex-facility of € 11 million. The transaction signed in September 2011,
the disbursement of the investment loan took place at the closing at the end of February 2012, due to a complex portfolio acquisition structure.

The acquired portfolio consists of approximately 8,000 residential units, which cover the need for affordable housing. The properties are mainly distributed throughout Berlin, the Greater Berlin area, Dresden, Halle and Leipzig.


]]> EMEA Hotel Investment Market Q1 2012 – Strong activity in London and Paris 2012-04-18T06:57:00+02:00 http://www.immo-news.net/EMEA-Hotel-Investment-Market-Q1-2012-Strong-activity-in-London-and-Paris_a9419.html 2012-04-18T06:53:00+02:00 Immo News In the first quarter of 2012, hotel investment volumes in Europe, Middle East and Africa (EMEA) totalled €1.5 billion, a 39 % decline compared to Q1 2011. However, volumes in Q1 2011 were distorted by approximately €1billion from three significant transactions (Marriott Champs Elysées, Ritz Carlton Moscow and a large Accor European portfolio), so stripping these out, volumes increased by 7% compared to the same period last year. Single asset deals accounted for 74% of transactions.

Investment activity remains strong in Paris and London with a combined investment total of €645 million in 14 deals and with continued trading, growth investor demand is expected to continue to be high. Christoph Härle, CEO Continental Europe Jones Lang LaSalle Hotels said: "Investment sentiment remains robust for quality assets in key cities, however, this sentiment could soften over the next months if growth in hotel performance continues to slow across some of the key European hotel markets". At year-to-date February 2012 hoteliers posted a fall in revenue per available room (RevPAR) in some cities, such as Munich (-7.7 %), Düsseldorf (-11.5 %), Amsterdam (-9.7 %), Zurich (-10 %) or Copenhagen (-2.6 %).

The UK remained the most liquid market in EMEA during Q1 2012 with total hotel transaction volumes reaching €784 million, 52% of total EMEA transaction volumes. Activity was primarily concentrated on London with 11 hotel sales completing including the sale of the 4-star 129 room hotel Kingsley Thistle for about €51 million to a private client of Citi Bank.

Jon Hubbard, CEO Northern Europe Jones Lang LaSalle Hotels said: "London was once again one of the most active hotel investment markets in Europe and we anticipate further strong interest across the market, including for trophy assets. The pricing gap between regional UK and London hotels is widening and, while trading in many of the regions remains weak, we do not anticipate a significant uptick in transactional activity in those markets in the short to medium term, except where driven by distress"

In France, hotel transaction volume totalled €252 million in Q1 2012, 17 % of total EMEA transaction volumes. Activity was driven by three major hotel sales in Paris including the 4-star 617 room Pullman Paris Rive Gauche which was sold by Accor to French property company Bouygues Immobilier for €77 million.

In Germany, total hotel transaction volume amounted to about €70 million, 5 % of total EMEA transaction volumes. Significant transactions included the sale of a portfolio of 3 Pentahotels in Kassel, Braunschweig and Eisenach to the tenant HPI Germany Hotelbesitz GmbH (Hong Kong Chinese family owned group) and the acquisition of the Suite Novotel Hamburg City by German fund manager Deka Immobilien.

While the market remains very active negotiating deals, driven by the need for existing investment structures to be refinanced and that of new equity investors to place capital, the continued lack of debt and/or high margins from those active lending banks, make transactions difficult to complete. Larger transactions, involving multiple lenders are particularly difficult to execute, although appetite remains for quality stock. However, bank restructuring activities are increasing which will help drive investment volumes. Therefore, the outlook for 2012 remains much the same as 2011, with a total hotel transaction volume of around €8 billion forecast."
]]> Leading shopping center developers use ISA to benchmark and improve sustainability performance 2012-04-18T06:57:00+02:00 http://www.immo-news.net/Leading-shopping-center-developers-use-ISA-to-benchmark-and-improve-sustainability-performance_a9418.html 2012-04-18T06:53:00+02:00 Immo News A number of Europe’s leading shopping center developers are now using the International Sustainability Alliance (ISA) to benchmark and improve the sustainability performance of their real estate.

Over two thirds of ISA’s benchmarking database is composed of information from the retail sector, which includes over 100 shopping centers across Europe equating to a total floor area of 4.7 million m².

ISA members collect data on energy, water use, carbon emissions and waste, in order to benchmark and identify areas for improvement.

Philip Buttery, Chief Executive Officer for ISA, says: “The real estate sector has a huge amount to gain from understanding the performance of its buildings. Measurement means better management which can lead to significant cost savings in operating property assets. Better performing buildings are becoming more attractive to corporate occupiers and investors who increasingly require environmentally sound real estate to meet the demands of legislation, their shareholders and customers.”

The ISA database provides individual members with performance KPIs with which they will be able to compare the environmental performance of their own portfolios against those of their peers on a like-for-like basis. This could help inform future investment and management strategies as well as providing companies with audited information for their annual reports.

ISA members active in the retail sector include developers such as Cório and ECE, and property managers including Cushman & Wakefield and Aberdeen Asset Management.
]]> Union Investment acquires Rosmarin Karree in central Berlin 2012-04-18T06:53:00+02:00 http://www.immo-news.net/Union-Investment-acquires-Rosmarin-Karree-in-central-Berlin_a9417.html 2012-04-18T06:51:00+02:00 Immo News Rosmarin Karree in the Mitte district of Berlin has a new owner. Union Investment acquired the commercial and office building – prominently located on Friedrichstrasse in central Berlin, between Unter den Linden and Gendarmenmarkt – for an unspecified price for its open-ended real estate fund UniImmo: Deutschland.

The premium property was developed by the B&L Group and Hines and completed in 1998. It is fully let, with the main tenant being the German Savings Banks Association on a long-term lease.

Rosmarin Karee comprises total rental space of 21,525 m², made up of 11,765 m² of offices, 3,196 m² devoted to 51 Clipper Boardinghouse apartments, and 2,661 m² of retail space, which is let to chains such as H&M, Massimo Dutti, Vero Moda and Jack & Jones.

“Alongside the excellent tenant base, the premium location on Friedrichstraße makes Rosmarin Karree a particularly attractive investment for our Deutschland fund,” says Dr Frank Billand, Member of the Management Board of Union Investment Real Estate GmbH, Hamburg.

The property benefits from a high-profile location at the intersection of Friedrichstrasse and Unter den Linden – an area which quickly established itself as a focus for retail and business usage in eastern Berlin following reunification. The Französische Strasse metro station is located right in front of the building. After construction of the new metro line number 5, the location will be even better served by public transport.

The vendor with its private group of shareholders was represented during the transaction by the B&L Group. The B&L Group has specialized in the development, realization and management of office, hotel and retail real estate in Germany for more than 40 years. B&L will continue to manage the property.
]]> Danny Kinnoch strengthens Savills specialist cross border investment team 2012-04-18T06:50:00+02:00 http://www.immo-news.net/Danny-Kinnoch-strengthens-Savills-specialist-cross-border-investment-team_a9416.html 2012-04-18T06:50:00+02:00 Immo News
International real estate advisor Savills has appointed Danny Kinnoch to its cross-border investment team based at Savills Grosvenor Hill offices in London.

Kinnoch, who joins the UK-based department as European retail director, has been part of the firm's Spanish investment team since 2007 advising both national and international clients on the acquisition and disposal of property on the Iberian Peninsula. In his new role he will focus on the cross-border team's business generation and transactions primarily in Iberia and Italy.

While based at Savills office in Madrid Kinnoch worked with clients including British Land, Carlyle, Henderson and UBS. Recent projects include the analysis and due diligence of an RBS held retail loan portfolio and buyside advice to Henderson in the purchase of a retail park in the north of the country as well as other office and logistics opportunities.

Kinnoch has 13 years’ experience in the real estate industry and prior to Savills worked in the international valuation department of CB Richard Ellis, also in Madrid.

Kinnoch says: "There are currently a number of attractive opportunities for investors across Southern European retail markets, especially for those not reliant on bank financing. I look forward to aiding clients on their overall cross-border acquisition and disposal strategies."

Borja Sierra, CEO of Savills Europe, says: "Danny Kinnoch's move to our London office is part of a wider strategy to boost our London based cross-border team by providing specialist knowledge and expertise across European markets linking directly with our individual country offices."
]]> Successful conversion of AXA Immoresidential to a German 'Spezialfonds' 2012-04-18T06:50:00+02:00 http://www.immo-news.net/Successful-conversion-of-AXA-Immoresidential-to-a-German-Spezialfonds_a9415.html 2012-04-18T06:49:00+02:00 Immo News
AXA Real Estate Investment Managers (AXA Real Estate) announces that the German public mutual real estate fund AXA Immoresidential has successfully converted from a public mutual fund to a German special fund (‘Spezialfonds’). This is the first ever successful conversion of a German public mutual real estate fund into a Spezialfonds dedicated to institutional investors.
AXA Immoresidential was launched in 2009 as a German public mutual fund specialized on residential real estate investment in Germany and was already structured as an investment vehicle for institutional clients only.

Since the launch of the Fund, the German legal framework for public mutual funds has changed significantly, resulting in the main target clients, German insurance companies, no longer being allowed to allocate new investments in the Fund from their statutory reserve capital, which are deemed as so-called ‘tied assets’ and may not be used for certain types of investment.

By undertaking a conversion to a Spezialfonds and through the adjustment of the Fund’s rules, AXA Immoresidential will remain “eligible” for its target clients and, at the same time, provide a platform for further growth. A decisive item in the Fund’s conversion was the proposed change of rules for unit redemptions, which has been designed to fit with German insurance companies and pension trusts recent requirements.

All existing clients have committed to the conversion of AXA Immoresidential. In addition, the new structure has already attracted its first new client, a German bank, which has undertaken a €10 million subscription. For new clients, the minimum investment amount is €3 million.

The Fund’s investments at the end of February of 2012 totaled approximately €120 million and AXA Immoresidential is targeting a total fund investment of €500 million by the end of 2013.

Currently the transaction volume of existing and signed properties is €164 million. The Fund has now made a total of 11 investments, including four forward purchase deals, signed since September 2011, totaling €64 million. These developments are well-located in Cologne (two properties), Hannover and Dusseldorf. Approximately 280 units are currently under construction, all of which are being built to a high energy efficiency standard.

AXA Immoresidential is managed by AXA Investment Managers Deutschland GmbH with portfolio and asset management services from AXA Real Estate, the largest real estate portfolio and asset manager in Europe*, with €42 billion of assets under management as at December 2011. AXA Immoresidential’s conversion into a Spezialfonds became effective as of March 1, 2012.

Matthias Leube, Managing Director of Real Estate within AXA Investment Managers Deutschland GmbH, commented: “This successful conversion to a Spezialfonds is the first of its kind and not only demonstrates our ability to find the right concepts and the right assets but also underlines how we are able to work closely with our investors and adapt to the changing regulatory environment.”

“With the transfer into a Spezialfonds, we have set-up a solid base for the dynamic growth of AXA Immoresidential and are now able to focus on sourcing sustainable and high quality residential buildings which deliver secured cash-flows to the benefit of our investors.”
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