Fidest – Agenzia giornalistica/press agency

Quotidiano di informazione – Anno 31 n° 344

Posts Tagged ‘property’

Property from Descendants of Their Majesties King George V and Queen Mary

Posted by fidest press agency su domenica, 24 novembre 2019

London – Christie’s sale on 13 December, titled Property from Descendants of Their Majesties King George V and Queen Mary, will provide fascinating insights into the private worlds of two of their children: His Royal Highness The Prince Henry, Duke of Gloucester and Her Royal Highness The Princess Mary, Princess Royal and Countess of Harewood and their families. Comprising 317 lots overall, with estimates ranging from £300 to £100,000, the sale includes a wide array of decorative arts from furniture and ceramics to objects of vertu, silver and glass, alongside clocks, books and paintings.From the collection of Their Royal Highnesses The Dukes of Gloucester come 217 lots from their London residences and Country House, Barnwell Manor, Northamptonshire; the group mainly comprises items collected by the late T.R.H. The Prince and Princess Henry, Duke and Duchess of Gloucester. A further 80 lots come from The Collection of The Earls of Harewood, Harewood House, Yorkshire, one of Britain’s grandest stately homes. As well as items from H.R.H. The Princess Mary, who, as Countess of Harewood, was chatelaine of the great house from 1929, the sale includes items that have been amassed by generations of the Lascelles family, from the builder of Harewood, Edwin Lascelles, 1st Baron Harewood (1713-95) through to George Lascelles, 7th Earl of Harewood (1923-2011), Princess Mary’s eldest son.

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14th Indonesia Property and Bank Award

Posted by fidest press agency su mercoledì, 9 ottobre 2019

PT Pollux Properti Indonesia’s Chief Executive Officer, Dr. Nico Po, brought home the prestigious Grand Property Award at the 14th Indonesia Property and Bank Award (IPBA) 2019 organized by Property&Bank magazine, and named as the “CEO of The Year 2019” His outstanding achievement is backed by the astonishing performance of his company, the publicly listed property developer PT Pollux Properti Indonesia Tbk. (POLL:IJ), which has recorded some US$3.8 Billion of market capitalization as of this month. With such a performance, Pollux Properti has become one of the fastest growing developer companies thanks to its various portfolios across the country.Shortly after Pollux Properti conducted an Initial Public Offering (IPO) last year, the company took a leapfrog by launching several iconic projects at numerous locations in Indonesia. The projects’ development has been smoothly progressing in accordance to the company’s plan.Pollux Properti is constructing a mega-superblock called Meisterstadt in Batam, Riau Islands. The mixed-use property is a collaboration project with the late former president BJ. Habibie’s family under the auspices of PT Pollux Barelang Megasuperblock. In an area of 9 hectare, the superblock will comprise 11 skyscrapers within it, of which 8 residential towers consisting some 6,500 apartment units, a 5-star hotel, an international-standard hospital, a shopping mall, and a 100-floors office tower will be built.The company plan to invest up to US$1 Billion for the development of the Batam’s mega project. The handover of the four completed towers is targeted to be gradually done by the end of this year. “Meisterstadt Batam was built to create a commercial area with an international standard that can support activities related to the Asia’s free-trade zone in Batam,” Nico said recently.Besides the ambitious mega-project in Batam, Nico Po with his company is now developing another superblock project in Cikarang, West Java under the auspices of PT Pollux Aditama Kencana in a collaboration with Virginia Properti Group. The Chadstone Cikarang, what the project is called, is located at the exit toll of West Cikarang Km 28 and alongside the main road connecting Cikarang and Cibarusah.
Similar to the superblock the company built in Batam, this project is developed in a “6 in 1 integrated development” concept. When completed, it will have a 4+ star hotel operating 178 rooms, 4 apartment tower of 45-stories each, a 24-hour food and beverage outlets, a 144 units SOHO, a shopping Mall, and a hospital. The planned superblock will be the highest landmark and the biggest superblock in West Java with a total of gross floor area at more than 300.000 square meters when it is completed.In addition to the two ongoing projects, Nico Po through PT Pollux Kemang Superblok is also developing another mixed-use property called the Gangnam District. Located in downtown Bekasi, the project is constructed on an area of 2,5 hectare. The US$150 million project will have 8 apartment towers equipped with exclusive facilities in them such as waterpark, infinity pool, sky terrace, smart-home system, access card to name a few.With such various projects going on, Pollux Properti is on the right track to strengthen its grip in the property market. As of this month, the market capitalization of Pollux Properti has reached US$3.8 Billion making it on the top of the list among other property developers that have been listed in IDX even for a long time.Since the beginning of listing, the company has recorded a significant growth of stock value by 879,67% to Rp6.525 per share. This significant increase is due to an improvement of the companies’ performance. During the first half of this year, the company’s gross profit has increased by 197,29% year-on-year. Its net profit has also been increased by 200,5% from which property sales, especially residential units or apartments, is the biggest contributor. Sales of residential units account for 93,34% of the total revenue in the first half of this year. Next year, the company would be able to start enjoying recurring income from its completed Investment properties.

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Property companies enters new territory as policy turns dovish

Posted by fidest press agency su sabato, 5 ottobre 2019

In the October issue of CREDI, the Main index increases from 50.8 to 56.3 indicating a substantially improved credit market. Property companies maintain an even stronger view of the credit market while banks improve their view of the future.
“This year’s third CREDI survey reflects a substantially improved credit market with improved access to credit, reduced credit margins and extended credit durations. The CREDI Main index is increased due to an uncommonly high perception of the current situation among property companies and a somewhat enhanced outlook in the banks future expectations. Pivotal post-quarter developments within monetary policy have not yet been materialized in the half-year reports but can be expected to have great influence going forward,” says Martin Malhotra, Partner at Catella. “During the previous half year the number of transactions on the property market has declined while the average transaction volume per deal has increased. This is usually an indication of a forthcoming repricing on the market. Consensus among investors is now that the low interest rates will remain for a long period of time, which makes property investments attractive when compared to other asset classes,” says Arvid Lindqvist, Head of Research at Catella.“The dovish turn in monetary policy has been reflected in property companies’ preference shares, where the average dividend has fallen to 5.8 per cent. Due to the post-quarter price surge, common shares of property-related companies now appears to be trading at a record-high premium. Also, as the volume of outstanding bonds increases slightly, the bond market’s share of the listed property companies’ debt is now at 29 per cent,” Martin Malhotra concludes.The Catella Real Estate Debt Indicator (CREDI) is attached and can also be downloaded from catella.com/en/news-and-pressreleases/research. CREDI consists of two parts: one is an index based on a survey of listed property companies and active banks, and the other a set of indices and analyses based on publicly available data.

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Coeo Space Expands With Unfinished and New Construction Commercial Property

Posted by fidest press agency su domenica, 29 settembre 2019

Coeo Space, the innovative new tech-enabled commercial real estate marketplace, announces its expansion to include listings for unfinished office space and new building development. Previously, Coeo Space focused on matching users to spaces that were move-in ready.Coeo Space provides a marketing platform to find, tour, and book commercial spaces quickly and easily, uses scientific algorithms to match user’s specific needs to the amenities offered at available spaces. The platform then connects users directly to the host, where they can schedule a tour or book the space.Industry veterans Kim Ford and Sheila Samii Matuscak developed the original Coeo Space technology as a response to clients’ need for a simple, transparent way to find and obtain office space. Initially, move-in ready property was the hardest space to find in one place.The team quickly recognized that limiting the platform to move-in ready spaces meant they were missing an essential segment of the commercial real estate market. Once again responding to the needs of clients, Ford and Matuscak took the next step: providing access to design your own spaces as well as those that are already finished.
With the addition of unfinished space to the platform, users get a more complete picture of availability, and are provided with different options in customization, all through the easy-to-use platform.

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Scuf Gaming Intellectual Property Central to the Future of Performance Controllers

Posted by fidest press agency su domenica, 9 giugno 2019

Scuf Gaming®, innovator and creator of high-performance gaming controllers, through its patent subsidiary Ironburg Inventions, has expanded its global patent footprint with additional patents in Europe.With 77 granted patents and 54 pending patent applications, Scuf Gaming expands its global coverage for Back Control Functions, Trigger Control System, Thumbstick Control Area and side-mounted configurable Sax™ buttons (S1 and S2). Scuf Gaming is well-known for creating the category of performance controllers, designing and manufacturing its own controllers as well as licensing its IP to several companies, including Microsoft for the creation of the Xbox Elite Wireless controller.“Patents take an extremely long time to be granted, sometimes as long as 5 years, so it is gratifying to see the recent acceleration of granted applications to protect our innovations,” said Duncan Ironmonger, CEO and co-founder of Scuf Gaming. “As a young innovative company, our IP is a core differentiator that allows us to protect our investment and continue to push the boundaries of the next generation of gaming controllers.” SCUF’s patented innovations have benefitted hundreds of thousands of gamers, professional and casual, improving performance, comfort, and customization by enabling users to use more of their hands in a safe and ergonomic way. SCUF features have now become required functionality for esports professionals and competitive gamers.

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Credit market improves as optimism rises among property companies

Posted by fidest press agency su mercoledì, 3 aprile 2019

In the March issue of CREDI the Main index increases from 48.6 to 50.3, indicating a slightly improved credit market. Property companies maintain a positive view of the credit market as interest rates fall to a new record low. “This year’s first CREDI survey shows a positive shift in the credit market, where improved access to credit and extended credit durations counteract slightly higher credit margins. The CREDI Main index is boosted in particular by increased optimism among property companies. In fact, the property companies’ Expectation index is at its highest level in nearly four years. Furthermore, the average interest rate of listed property companies continues to fall, hitting a new record low of 1.9 per cent,” says Martin Malhotra, Project Manager at Catella.“The stock market has rebound during the first quarter of 2019, with OMX 30 up 12 percent. This is mainly a result of more dovish central banks, which have responded to weakening growth in the United States and the rest of the world. Going forward, property companies in Sweden should be able to enjoy continued low real interest rates for an extended period of time,” says Arvid Lindqvist, Head of Research at Catella.“The reduced long interest has also been reflected in property companies’ preference shares, where the average dividend has fallen to 6 per cent since the turn of the year. Also, the limited growth of outstanding bonds means the bond market’s share of the listed property companies’ debt has levelled out,” Martin Malhotra concludes.The twenty-sixth edition of the Catella Real Estate Debt Indicator (CREDI) is attached and can also be downloaded from catella.com/en/news-and-pressreleases/research. CREDI consists of two parts: one is an index based on a survey of listed property companies and active banks, and the other a set of indices and analyses based on publicly available data.

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Global Property CEO Conference

Posted by fidest press agency su mercoledì, 27 febbraio 2019

KKR Real Estate Finance Trust Inc. (NYSE: KREF) announced today that Matt Salem, Co-Chief Executive Officer and Co-President, will present on the Mortgage REIT Panel at the Citi 2019 Global Property CEO Conference on Tuesday, March 5, 2019 at 11:35 AM ET.
A live audio webcast of the presentation will be available on the Investor Center section of KREF’s website at http://www.kkrreit.com/investor-relations/events-and-presentations. For those unable to listen to the live audio webcast, a replay will be available on the website shortly after the event.
Real Estate Finance Trust Inc. (NYSE:KREF) is a real estate finance company that focuses primarily on originating and acquiring senior loans secured by commercial real estate properties. KREF is externally managed and advised by an affiliate of KKR & Co. Inc. For additional information about KREF, please visit its website at http://www.kkrreit.com.

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Aerie Pharmaceuticals Announces Appointment of William Coppola as Intellectual Property Counsel

Posted by fidest press agency su mercoledì, 20 giugno 2018

Aerie Pharmaceuticals, Inc. (NASDAQ:AERI), an ophthalmic pharmaceutical company focused on the discovery, development and commercialization of first-in-class therapies for the treatment of patients with open-angle glaucoma and other diseases of the eye, today announced the appointment of William Coppola as Intellectual Property Counsel, reporting to John LaRocca, Aerie’s General Counsel. Mr. Coppola will oversee intellectual property matters both domestically and internationally on behalf of the Company. Mr. Coppola previously held related positions at Sanofi.In connection with his acceptance of the position as Intellectual Property Counsel, Mr. Coppola will receive awards totaling 14,400 stock options that will vest over 4 years, with 25% vesting on the first anniversary of the hire date and the remainder vesting ratably on each of the subsequent 36 monthly anniversaries of the hire date. This award was made outside of Aerie’s stockholder-approved equity incentive plan and was approved by the Company’s independent directors as an inducement material to Mr. Coppola entering into employment with the Company in reliance on NASDAQ Listing Rule 5635(c)(4), which requires this public announcement.

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Catella Property Investment Management increased AuM 33% in 2017 to EUR 5.6 billion

Posted by fidest press agency su venerdì, 9 marzo 2018

Catella’s regulated fund operations in Germany, CREAG, and the specialised residential and student housing portfolio manager CRIM were the biggest contributors to the growth in assets under management (AuM) and profitability. The capital flows to German funds were strong, totalling approximately EUR 900 million in AuM growth. The fastest growing fund, Catella Wohnen Europa, targets German investors, while its property investments are made throughout Europe. Within two years the fund’s AuM have grown to EUR 590 million, with 3,000 residential units in five European countries. Another successful fund launch was Catella Modernes Wohnen, which has reached EUR 100 million in AuM after only six months of operating. The existing property funds of CREAG executed transactions worth approximately EUR 550 million, with net AuM growth of EUR 320 million, and delivered returns above their target.In the project development service area, Catella’s German project management unit CPM was able to achieve major progress in rezoning an old postal logistics site in Dusseldorf’s central business district. Grand Central is a major urban planning project in Dusseldorf, with approximately 140,000 m2 gross floor area of residential, hotel and mixed-use building rights. CPM operates nationwide in residential and commercial developments, and is managing projects with a total underlying market value of EUR 1.0 billion. In France, Catella Asset Management had a successful year, in particular by closing the acquisition of around 200 office and light industrial real estate assets from EDF Group. The portfolio covers floor space of approximately 400,000 m2. In 2017, Catella started new regional asset management operations in Sweden, Benelux and Germany. After having expanded the regional platform to a total of nine European countries, Catella has now reached the point at which investors are offered a strong local operating partner with European reach. As part of this effort, Catella opened an office in Hong Kong in 2017 to offer Asian investors access to European real estate investments.“Catella’s strategy to offer local investment capacity with European reach to global and local investors has turned out to be highly appreciated. The growth of AuM is a sign of strength and an acknowledgement of confidence in our approach and ability to deliver in local European markets. The increased cooperation between Catella’s business areas has furthermore brought value to both our customers and Catella. We intend to continue this growth in 2018, strengthen our local teams further and leverage on our now pan-European offering,” comments Timo Nurminen, Head of Property Investment Management.

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VICI Properties to Participate in Citi’s 2018 Global Property CEO Conference

Posted by fidest press agency su venerdì, 2 marzo 2018

VICI Properties Inc. (NYSE: VICI) (“VICI Properties” or the “Company”) announced today that executives of the Company will participate at Citi’s 2018 Global Property CEO Conference on Monday, March 5, 2018 at the Diplomat Resort & Spa in Hollywood, Florida. Edward Pitoniak, Chief Executive Officer of VICI Properties, will be participating in a roundtable discussion on Monday, March 5, 2018 at 9:30 a.m. Eastern Time (ET). Access to a live audio webcast of the presentation will be available through the “Investors” section of the Company’s website, http://www.viciproperties.com. A replay of the webcast will be archived on the Company’s website for approximately 90 days.VICI Properties is an experiential real estate investment trust that owns one of the largest portfolios of market-leading gaming, hospitality and entertainment destinations, including the world-renowned Caesars Palace. VICI Properties’ national, geographically diverse portfolio consists of 20 gaming facilities comprising over 36 million square feet and features approximately 14,500 hotel rooms and more than 150 restaurants, bars and nightclubs. Its properties are leased to leading brands such as Caesars, Horseshoe, Harrah’s and Bally’s, which prioritize customer loyalty and value through great service, superior products and constant innovation. VICI Properties also owns four championship golf courses and 34 acres of undeveloped land adjacent to the Las Vegas Strip. VICI Properties’ strategy is to create the nation’s highest quality and most productive experiential real estate portfolio. For additional information, please visit http://www.viciproperties.com.

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CREDI indicates a stabilized credit market, but the future is uncertain

Posted by fidest press agency su giovedì, 21 dicembre 2017

catella10In the December issue of the Catella Real Estate Debt Indicator (CREDI), the Main index increases from 49.8 to 50.3. This is the first time the Main index crosses the 50.0 turning point since September 2015.“In this year’s fourth CREDI survey, we see a stabilized credit market where the Main index increases from 49.8 to 50.3. This is the first time the Main index crosses the 50.0 turning point since the autumn of 2015. Listed property companies have a very positive view of the development of the credit market, which is not surprising considering the strong bond market this past autumn, while banks have a more balanced view of the credit market. Moreover, property companies and banks agree that financing conditions are likely to worsen in the coming quarters,” says Martin Malhotra, Project Manager at Catella.“We are observing a gap in credit availability between the large, well-established property companies and smaller investors who lack a strong track record, and we believe that this gap might increase in the future. Furthermore, we are seeing signs of a repricing of the property market, where properties in the best locations will retain their value, while price expectations will decrease for properties outside attractive locations in the large cities,” says Arvid Lindqvist, Head of Research at Catella.
“We are also observing that property companies increasingly are focusing on bonds instead of preference shares. The most noticeable example is Balder, which during the year has redeemed all of its outstanding preference shares, amounting to nearly SEK 3 billion, while it has issued nearly SEK 20 billion in bonds,” Martin Malhotra concludes.The twenty-first edition of the Catella Real Estate Debt Indicator (CREDI) is attached and can also be downloaded from catella.com/en/news-and-pressreleases/research. CREDI consists of two parts: one is an index based on a survey of listed property companies and active banks, and the other a set of indices based on publicly available data. This edition also includes an analysis of preference shares and an overview of the property market.

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Best’s Special Report: Canadian Property/Casualty and Life Sectors Remain Stable

Posted by fidest press agency su martedì, 5 settembre 2017

torontoToronto. Canada’s property/casualty and life insurance sectors continue to demonstrate stable operating performance despite the potential market pressures brought on by growing weather and fire catastrophes and a persistently low interest rate environment, according to a new A.M. Best special report.The Best’s Special Report, titled, “Canadian Property/Casualty and Life Remain Stable as Economy Rebounds, While Housing Market Bears Watching,” notes that potential seismic events, economic volatility and regulatory changes also remain factors worth watching. The report was released in conjunction with A.M. Best’s 2017 Insurance Market Briefing – Canada event, scheduled for Wednesday, Sept. 6 in Toronto.
As Canadian P/C insurers tried to move beyond the 2016 Fort McMurray wildfire, the largest natural catastrophe in the country’s history, wildfires flared again this summer in British Columbia.“Most Canadian P/C writers rated by A.M. Best maintain geographic spread at least through multiple provinces, as well as comprehensive catastrophe reinsurance programs,” said Raymond Thomson, associate director, A.M. Best. “They have been able to absorb the Fort McMurray fire losses and other concentrated events without material impacts to their balance sheets.”In the case of Fort McMurray, reinsurers covered approximately 70% of insured losses, a figure in line with similar-sized events worldwide, according to Greg Williams, senior director, A.M. Best.The overall combined ratio for the Canadian P/C sector increased by 2.7 points in 2016 to 98.2. As would be expected in a year with heavy catastrophe losses, the loss and Loss Adjustment Expense (LAE) ratio also rose, by 2.4 points, and the underwriting expense ratio, by 0.3 points. The steady rise in the expense ratio over the last several years is partially reflective of ongoing investments to improve and upgrade policy administration and claims systems, as well as continued efforts to leverage data analytics in the underwriting process.Due to an increase in both the frequency and severity of natural catastrophe losses, pre-tax operating income declined 26.5% in 2016. The significant decline in underwriting profits resulting from catastrophic events was partially offset by additional investment income, which benefitted from an increase in investment yields. Realized capital gains dropped approximately 55% from the prior year, while net income was down approximately 30%.Despite the ongoing challenges of low interest rates, regulatory changes and limited domestic growth opportunities, the Canadian life industry remains well-capitalized, given the build-up in its equity. Most life companies maintained pricing discipline in their markets and stayed focused on growing their core lines of business. Earnings were strong and grew in 2016, on solid underwriting fundamentals, increased sales, less volatile investment performance and interest rate and equity market movements.“Canada’s life insurance industry remains very competitive and is dominated by the top three life insurance groups, which maintain a 63% market share as measured by net premiums written as of year-end 2016,” said Ed Kohlberg, associate director, A.M. Best. “Product pricing, while competitive, remains rational, with pricing actions noted in interest-sensitive and certain life insurance lines of business over the past few years.”

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Catella’s new BAVARIA fund acquires residential and retail property in Munich

Posted by fidest press agency su lunedì, 13 marzo 2017

munich-based investment manager Catella Real Estate has acquired its first property for the Catella BAVARIA fund, which was launched in December 2016. The residential and retail property in the Neuhausen-Nymphenburg district of Munich, measuring almost 2,000 square metres, was bought for EUR 20.8 million. “This residential and retail property in the popular Neuhausen-Nymphenburg district is the perfect first acquisition for the fund’s portfolio. As a multi-tenant property, it offers an excellent risk-return profile for our investors. The acquisition of further properties for the fund is imminent,” says Henrik Fillibeck, member of the Managing Board of Catella Real Estate.
Built in 1949, this prestigious property was comprehensively refurbished and redeveloped in the 1990s and is in excellent condition. Its usable space is divided into two retail units, two office units and four residential units. The units are fully occupied under long-term leases. Built in the 19th century around Nymphenburg Castle, Neuhausen-Nymphenburg is one of the most popular residential districts of the Bavarian capital. Neuhausen-Nymphenburg, on the western side of the city, has an excellent infrastructure network serving a population of currently 97,500 people. The Catella BAVARIA fund has greater sectoral and regional flexibility than its predecessor, Catella MAX. The fund aims to reach an equity target of EUR 250 million and is authorised to invest in Bavaria. The intention is to acquire core and core+ properties valued at EUR 5 million or more, with a target return of 3 to 4 percent per annum. Investment in the fund is reserved for experienced retail investors and semi-professionals wishing to commit at least EUR 100,000.

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Catella acquires office property in Dublin for sustainable fund

Posted by fidest press agency su venerdì, 10 marzo 2017

dublinMunich-based investment manager Catella Real Estate has acquired an office property in the Irish capital, Dublin, for its Sarasin Sustainable Properties – European Cities fund. The building, which is fully occupied and measures around 4,100 m2, is leased to investment bank J.P. Morgan. “The Irish market for office property has regained its strength after the financial crisis. We have taken advantage of Ireland’s current economic prosperity by acquiring a modern, long-term leased office property for our investors. It meets the sustainability criteria specified for the fund, and the acquisition will ensure broader diversification of the portfolio,” says Henrik Fillibeck, member of the Managing Board of Catella Real Estate.The property, called One George’s Dock, was built in 1996 and stands on land measuring 1,000 m2in the heart of Dublin. This district is home to more than 430 companies, including KPMG, Wells Fargo, AIG and Citibank.“After years of economic difficulties, the recovery of the Irish economy is in full swing. In 2015 alone, Ireland’s GDP rose by 26.3%. Economic experts expect the Irish economy to remain on a growth path, forecasting another 3.8% increase in GDP for 2017. Also, Ireland’s population is expected to grow by 7.6% by 2026,” says Thomas Beyerle, Head of Group Research at Catella.The Sarasin Sustainable Properties – European Cities fund is a product of Catella Real Estate AG in cooperation with Bank J. Safra Sarasin AG. The fund, which invests at least 75% of its capital in commercial property, focusing on office and retail, aims specifically to meet the needs of institutional investors in Switzerland, Austria and Germany. Each building has to meet the sustainability standards of Bank Sarasin.

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Catella Investment Management completes two property acquisitions in Spain worth EUR 24 million

Posted by fidest press agency su martedì, 24 gennaio 2017

javier-hortelano-catellaCatella’s investment management team in Spain has closed the acquisitions of two residential properties located in Pinto’s Tenería neighbourhood in Madrid. The transactions were conducted on behalf of the Catella Wohnen Europa residential fund. The acquired twin buildings have a total floor area of 18,092 square metres, distributed over 216 apartments, 216 parking spaces and 216 storerooms. The occupancy rate of the buildings at present is 93%. The properties were acquired on behalf of one of Catella’s residential funds, Catella Wohnen Europa, which is a new pan-European residential fund with a broad-based investment strategy offering a unique risk/return profile.
Catella’s Spanish investment management team sourced the deal, acted as advisor in the acquisition process and will remain as strategic asset manager for the property.“After this transaction our newly established investment management operation in Spain has a portfolio of EUR 100 million under management in its first year of activity. Two months ago, our Spanish team closed four transactions, with the acquisitions of three residential buildings located in Madrid and Barcelona, and the acquisition of a retail park in Vinaroz. The transactions prove the interest and commitment of the team for the Spanish market,” says Javier Hortelano de la Lastra, Head of Investment Management in Spain.In Spain, Catella offers both corporate finance and investment management within the property sector. Catella manages all phases of the value creation process in property, for both cross-border and local investors – from analysis through transaction, acquisition, financing, strategic management and, finally, exit. The focus is acquisition and development of residential and commercial properties. (photo: JAVIER HORTELANO CATELLA)

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Property QuoteDirect Looks at Recession Consequences

Posted by fidest press agency su sabato, 26 Mag 2012

Firefox market share in Europe

Firefox market share in Europe (Photo credit: niallkennedy)

London, (PRNewswire) PropertyQuoteDirect has been looking at the effect that the recession has been having on us all, including those with multiple properties. For many of us the idea of not having to commute a long way to work every day seems like a fantasy rather than a reality. However, there are a small few who this is possible for as they own two properties; one for “home” and one for “work”. The “work” property usually being in a prime location enabling swift access to and from work. However, PropertyQuoteDirect has, in recent months, seen an increasing number of studio apartments and one bedroom flats come onto the market in central London compared to the usual amount expected.Joe de Vries, of PropertyQuoteDirect, a leading light in the property and landlord insurance industry, has offered reasons for the rise in smaller flats on the market: “An increasing number of people have, unfortunately, been losing their jobs as businesses are trying to keep afloat in the current economic climate. Many businesses have thus been cutting back in order to maintain their market share in favour of growth within the industry. This, inevitably, requires less staff. We’ve seen that people who have their second, Monday to Friday, home in the city no longer need it and are thus selling up in order to ease the financial blow that comes with losing a job.”
Many people are selling their “work” homes in order to free up some capital that could be used to renovate their “home” property. It is no longer affordable to make changes to a property and a substantial amount of money is needed, especially if family homes are to be sold at a good price. Many people who are looking to do this are finding their “work” asset proving to be quite lucrative and are selling without a second thought.As demand for these smaller properties greatly outweighs supply, prices have been forced up; this therefore means that now seems to be the best time to sell such properties. Another great way of making extra money is by renting out these “work” homes, of course this is only possible if commuting long distances is an option but if it is, then it may be worth it. PropertyQuoteDirect is part of Bedford Insurance Services. If you would like any more information, or to request a quote, please do not hesitate to visit the website.

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Over Eight Million Brits Turn Their Back on the Property Ladder

Posted by fidest press agency su martedì, 24 aprile 2012

Chester, England, (PRNewswire) With UK market conditions continuing to make it difficult for would-be home owners to get a foot on the property ladder, the average age Brits expect to be able to buy their first property is now 37 years old, according research* from MoneySupermarket.com, the UK’s number one comparison site. UK adults who do not currently own a property were asked at what age they expect to be able to buy one, and a staggering 41 per cent, some 8 million Brits, claim they do not intend to buy a property at all.
The number of mortgage products available to first time buyers currently stands at just 1,337, a drop of 187 products since this time last year. Prior to the credit crunch there were 14,940 available in July 2007; underlining how conditions have changed for those trying to get onto the property ladder. The average loan to value (LTV) for products available to new buyers is 78 per cent which means someone taking out a mortgage on a £150,000 property for example would need a deposit of £33,000 – well beyond the means of most first time buyers. However, there is still good news for those taking the property plunge – the number of mortgages available for those with only a 10 per cent deposit is currently 209, up 20 per cent on 2011, and the average interest rate for these mortgages has dropped by 1.14 per cent since April 2009.Clare Francis, mortgage spokesperson at MoneySupermarket.com said: “Home ownership is a really big thing here in the UK. For years it has been something millions of people aspire to and therefore it’s surprising to see that this may be changing and that some people are giving up on the hope of ever owning their own home.

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Recent News from the Green Movement

Posted by fidest press agency su domenica, 22 gennaio 2012

Rainforest-as

Image via Wikipedia

Want to save the world? In addition to eating less meat, green campaigners now have yet another suggestion: use a smaller font size for typing on your computer. The Minus One Project encourages computer users to reduce their font size by one, thus taking a small step to save paper and thus the rainforest. As if we didn’t have enough nannying from the green movement. They want to influence what we drive, eat and now the size of font we type? The reason we use a preferred font size isn’t to save the planet, but so we can read with ease. One can only laugh at the amount of paper that will be wasted when people print off hundreds of pages only to find that the font is indecipherable. Vishal Sagar, the “brains” behind the idea, stated that he hopes “this project will inspire people to come up with more such ideas that have co-existence and sustainability at their core.” For the sake of amusement, we couldn’t agree more.The Obama administration’s energy policy – or lack thereof – has become something of a national joke. Energy prices are soaring, yet rather than embracing market solutions and encouraging more exploration, the administration is obsessed with handing out wads of cash to green energy companies. Many of these companies also happen to be owned by donors to the president. If people thought this crony capitalism was bad, it’s only getting worse. A recent report by CBS revealed “that 80 percent of the Depar tment of Energy’s $20.5 billion in green energy loans went to President Barack Obama’s fundraisers and donors.” What’s more, the administration has also funneled billions to 11 green energy companies that have “since gone bankrupt or are facing serious financial difficulty.” The American people not only can’t afford this. They simply deserve better.
Most ideas emanating from the green movement belong in the toilet, but not literally. The Center for Rural Empowerment and the Environment (CREE) has developed a new ‘eco-toilet,’ especially designed to help “benefit hippos and other wetland species.” Not only do these ‘eco-toilets’ help produce waste that “can be safely used as a fertilizer for crops,” but they also help “to alleviate human-hippo conflict, which occurs when hippos raid villagers’ crops for food.” Alleviate conflict? Does CREE have the capability to make an ‘eco-toilet’ for Greenpeace activists that will stop them from raiding private property?

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Afghans to cast ballots in 20 august elections

Posted by fidest press agency su giovedì, 20 agosto 2009

The Secretary-General encourages all Afghan women and men eligible to vote to cast their ballot in the upcoming Presidential and Provincial Council elections on 20 August 2009.  He notes that, by participating in these elections, the Afghan people will help Afghanistan strengthen its democratic institutions, bring fresh vigour to the country’s political life, and ultimately reaffirm their commitment to contribute to the peace and prosperity of their nation. The Secretary-General also calls on all candidates, their supporters, political party agents, and domestic and international observers to continue to cooperate with the Independent Election Commission, other relevant Afghan institutions and international stakeholders supporting electoral preparations, to ensure a smooth and successful electoral process.

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The new icebreaker “St. Petersburg”

Posted by fidest press agency su venerdì, 17 luglio 2009

Moscow. United Industrial Corporation (OPK) shipyards have delivered a diesel electric line icebreaker “St. Petersburg” to Rosmorport (Russian Maritime Port). A solemn ceremony of the signing of the takeover certificate and making the colors of the Russian Federation on the icebreaker was held at the Baltiysky Zavod plant, a part of OPK.  The participants of this ceremony were Vladimir Putin, Prime-Minister of the Russian Federation, Igor Levitin, Russian Minister of transportation, Valentino Matvienko, the Governor of St. Petersburg, Sergey Pugachev and Lyudmila Narusova, members of the Council of Federation of the Federal Assembly of the Russian Federation, Alexander Gnusarev, OPK Chairman of the Management Board, Andrey Fomichev, CEO of the Baltiysky Zavod plant. According the certificate the icebreaker is the property of Rosmorport. It’s planned to start its exploitation in the Gulf of Finland in the winter of 2009. OPK shipyards build fundamentally new multifunctional icebreakers, analogues of which no other Russian company has built earlier. The multifunctional Moskva icebreaker was completed by OPK and delivered in December 2008, which became the first vessel to be built at a domestic plant for the last 34 years. The St. Petersburg icebreaker is the second diesel-electric line icebreaker, built by OPK at the request of Rosmorport. It constitutes a two-decked vessel with two propulsors of a total capacity of 16 MW. Due to this peculiarity it has high mobility and passability. In addition to these characteristics, the icebreaker is equipped with such a particular outfit to fulfill the search of sunken ships at the depth of 300 meters. The shape of the vessel’s hull has been especially designed with application of the latest solutions for decreasing the power input in ice-breaking operations and improving sea-worthiness. The icebreaker is designed for escorting targe tankers (50 m beam); towing operations for vessels in icy and open waters. The high mobility lets the icebreaker carry out salvage operations during roughness force. The displacement totals about 10 000 tons, the length totals 116 meters, the width 26,5 meters, the draft 8,5 meters and the speed totals 17 knots. The icebreaker has been tested and inspected by specialists of the Baltiysky Zavod plant. OPK’s shipbuilding assets have 80 years of operational experience in the construction of icebreakers. In March 2007, the Baltiysky Zavod plant finished executing a historical contract for the construction of the world’s biggest atomic icebreaker “50 let Pobedy”.
About OPK United Industrial Corporation (OPK) is a diversified holding company with total value of assets of more than US$13 billion. OPK develops and manages an investment portfolio in major sectors of the Russian economy, including the financial sector, real estate development, shipbuilding, mining and media. For more information please visit the OPK http://eng.opk.ru/

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