Eastern Property Holdings (“EPH” or the “Company”) would like to announce that it has acquired ownership of the A-Class office complex Hermitage Plaza located in Tverskoy central district of Moscow, in the center of Moscow`s business life. The cash payment for the acquisition of the property amounts to US$ 195 million, subject to possible post-completion adjustments.
Hermitage Plaza is a multi-storey A-Class business center fronting on Garden Ring, one of Moscow`s most important transport routes, and located in proximity to the Kremlin area and close to Mayakovskaya and Novoslobodskaya metro stations. The business center was fully renovated and opened in 2006. Hermitage Plaza with a total leasable area of above 30,000 sqm is fully rented out to mainly one tenant, Russian Telecommunication Company Vimpelcom.
Posted in 2015 Recap, Bond Market, Breaking news, Economy, emerging market, equity trading
Tagged A-Class, Eastern Property, Economy, EPH, Europe, Garden Ring, Global Economy, Golden Networking, Hermitage Plaza, Merger and Acquisition, Modern Finance Report, Real Estate, Swiss Exchange-listed, Valartis International Ltd.
Europe Starved of Later Stage Venture Capital
European tech companies are being starved of later-stage venture capital when compared to their U.S. counterparts, with fewer than one in three to four securing funding after a seed round, according to a leading venture capitalist.
Simon Cook, CEO of London venture-capital firm DFJ Esprit LLP, also said that the U.K.’s dominance as the European center for venture capital was slipping. According to Mr. Cook, somewhere between 500 to 1,000 companies a year get funding deals in Europe of under $5 million.
In the U.S. the comparable figure is 750-1,000. “This figure has been roughly static for about a decade,” he said. But when it came to funding the company’s growth stage, while roughly the same number of companies are founded in Europe as the U.S., in Europe only about 200 companies land deals of greater than $5 million; in the U.S. “that is closer to 1,000,” he said. “As I look at these figures — and I have done for a decade now — the good news is that Europe is not shrinking. The bad news is we are not catching up with the Americans in any way, shape or form yet.”
Posted in Finance, Opinion, Venture Capita;, Venture Capital
Tagged Business, Europe, Financial Services, Funding, London, Seed money, Simon Cook, United States, Venture Capital
Hedge funds brace for renewed debt crisis
The euro zone’s debt crisis may be far from over, while Japan’s money-printing gamble to revive its economy could destabilize global markets if it doesn’t work, some hedge fund managers say.
They are taking the view that the rally in financial markets over much of the past year, fuelled by central bank money printing, could mask a failure to tackle some European countries’ and banks’ debt problems, and the sell-off of recent weeks may be the start of a longer downward move.
“(A Cyprus-style bailout) will probably happen somewhere in Europe again,” said Galia Velimukhametova, fund manager at GLG, part of hedge fund manager Man Group, at the GAIM conference in Monaco on Tuesday.
Posted in Economy, European economy, Finance, Hedge Funds, Opinion
Tagged Asset Management, Business, Cyprus, debt crisis, Europe, GLG Partners, hedge fund
European hedge funds struggle to break into U.S. market
European and Asian hedge fund firms are finding the potentially lucrative U.S. market impossible to ignore, but as tough as ever to negotiate.
Delegates at the annual GAIM conference in Monaco this week talked about the difficulties, particularly for small funds, in attracting new money to an industry once at the top of investors’ wish lists.
With its pension funds, endowments and other investors now accounting for perhaps three quarters of new money flows into a funds sector increasingly desperate for new capital, breaking into the United States is seen as the holy grail for many foreign hedge fund managers.
Posted in Economy, Equity Markets, Events, Finance, Hedge Funds
Tagged Business, Europe, fund, hedge fund, investing, pension fund, United States
According to The Wall Street Journal’s Ben Rooney, Venture Capital, Russia, Europe, Venture Capital, Finance, Netherlands, Germany, France, Economy, U.K Data on venture-capital funding show the extent of the boom in Russia’s technology sector over the past six years.
In our report Monday, we wrote that the U.K. led the overall European venture-funding pecking order, followed by Germany, France and the Netherlands. That was for all sectors, based on data produced by Dow Jones VentureSource.
Looking at the numbers for just the tech sector, a rather different pecking order emerges.
The revised tech figures push the Netherlands right off the grid (there was a large deal in 2012 in the biopharmaceuticals sector, which is why the Netherlands was ranked fourth overall). As of 2012, the top five nations were, in order: the U.K. (€867.46 million), France (€508.76 million), Germany (€431 million), Russia (€236.55 million) and Sweden (€88.93 million).
Posted in Economy, emerging market, Finance, Venture Capital
Tagged Economy, Europe, finance, France, Germany, Netherlands, Russia, U.K., Venture Capital