Image: pixabay

Ascencio and Sagax join FTSE EPRA Nareit Developed Europe Real Estate Index

Ascencio and Sagax, real estate companies listed respectively on Euronext Brussels and Nasdaq Stockholm Large Cap stock exchanges, were accepted last Thursday for inclusion in the FTSE EPRA Nareit Developed Europe Index, following the quarterly index review. The effective date of the inclusion is 18 March 2019.

Vincent Querton, CEO of Ascencio, said: “We are very delighted to be included in the EPRA index from March 2019. It is an important milestone in the development of Ascencio. I would like to thank our staff for this achievement, our board members and our shareholders for the support and the enthusiasm. Being part of the EPRA index will definitely boost our international growth.”

Ascencio, an EPRA member, is a Belgian real estate company with a market cap of around EUR 336.40 million as of March 1, 2019, which specialises in investing in retail properties located principally on urban peripheries. Active in Belgium, France and Spain, Ascencio represents predominantly the food sector.

Dominique Moerenhout, EPRA CEO, said: “It is pleasing to see the inclusion of a retail operator and another Belgian member. The addition of Ascencio and Sagax takes the total number of Index constituents to 109, a new record high for the benchmark.”

Sagax is a property company whose business concept is to invest in commercial properties, primarily in the urban logistic and light industry segment.

In order to qualify for inclusion in the FTSE EPRA Nareit Developed Europe Index the companies had to pass the EUR 230.5 million free float market capitalisation and EPRA liquidity criteria as well as passing reporting and EBITDA tests.

Sign up for our ACROSS Newsletter. Subscribe to ACROSS Magazine.

Ticker MORE

Realm banks on F&B occupier growth with key appointment

Realm has grown its leasing team with the appointment of Caroline Helyer as leasing manager. Caroline will be working across several of Realm’s schemes – including Dalton Park, Milsom Place and Bedford Riverside – where she will be leading initiatives to secure new retail lettings and lease renewals, as well as enhance the customer shopping experience and F&B offering across the portfolio.

redos buys Äppelallee-Center retail warehouse in Wiesbaden, Germany

Hamburg-based large-scale retail property specialist redos Group has acquired the Äppelallee-Center in Wiesbaden near Frankfurt. The purchase was made on behalf of the special AIF "Redos Einzelhandel Deutschland III".

PINKO will open store in Ocean Plaza Shopping Mall in Ukraine

The Italian brand PINKO will open the second store in Ukraine in Ocean Plaza shopping mall. The exclusive distributor of the brand is ARGO. The new store with an area of ​​160 sq.m. will open its doors on the first floor in May. A wide range of women's clothing, shoes and accessories will be presented.

Sabine Georgi Appointed as ULI Germany/Austria/Switzerland Executive Director

Sabine Georgi joins the Urban Land Institute (ULI) from Royal Institute of Chartered Surveyors (RICS).

Acquisition of The Moor, Sheffield in a Joint Venture with BRAVO

NewRiver is pleased to announce that its joint venture with BRAVO Strategies III LLC in which it holds a 10% stake has exchanged contracts to acquire The Moor, a 28 acre estate in Sheffield city centre, from CEP ASI UKPF Nominee 1 Limited and CEP ASI UKPF Nominee 2 Limited, for total consideration of £41.0 million, representing a capital value of £60 per sq ft.

Ziv Gigi appointed as Managing Director for GTC’s operations in Romania

GTC has announced the promotion of Ziv Gigi to the position of Managing Director Romania. He will be responsible for all operations of GTC in the Romanian market.