Latest reports – Page 2723
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PropertyEU Archive
Polish full-year volumes for 2012 may reach EUR 2.5b: JLL
Polish real estate volumes for full-year 2012 may come to as much as EUR 2.5 bn despite a subdued second quarter, Jones Lang LaSalle has said.
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PropertyEU Archive
CA Immo's rental income climbs 10% in H1 2012
Austrian listed property company CA Immo posted a 10% rise in rental income which reached EUR 141 mln in the first half of the year, largely as a result of additional rental revenue generated by recently completed developments.
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PropertyEU Archive
Dev Secs sells three assets for EUR 52m
Development Securities said on Tuesday that it has completed three disposals from its trading and development portfolio, generating revenue of £41 mln (EUR 52 mln).
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PropertyEU Archive
Editor's choice: top real estate headlines
A selection of the leading property headlines from around Europe at a glance:
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PropertyEU Archive
Investors believe eurozone is here to stay: Union
While the vast majority of European real estate investors expect the eurozone to survive, the debt crisis and the uncertainty surrounding its consequences for European real estate markets continue to create headwinds for investment in Europe’s three largest economies. That is one of the findings of the latest investment climate ...
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PropertyEU Archive
Russian real estate investment to drop 30% in 2012: CBRE
Investment in Russian commercial real estate is expected to reach $4.5 bn (EUR 3.6 bn) in 2012, a drop of nearly 30% compared to the $6.4 bn recorded in 2011.
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PropertyEU Archive
Carlyle JV completes first student apartments in London
Global alternative asset manager The Carlyle Group and Generation Estates have completed their first private student residential hall under their London-focused brand Pure Student Living. The 400-bed Pure Highbury property is located in Finsbury Park, North London.
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PropertyEU Archive
German institutional funds with retail focus outperform in H1: IPD
Property funds for institutional investors achieved a total return of 0.4% in the first half of 2012, with funds focusing on Germany achieving a higher return of 0.7% and pan-European funds delivering 0.2%, according to IPD’s new SFIX Quarterly Indicator.
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PropertyEU Archive
LGP acquires Hammersmith office at high yield
Legal & General Property (LGP), acting on behalf of its Managed Fund, has acquired the freehold interest in Bechtel House in Hammersmith, London from CBRE SPUK III.
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PropertyEU Archive
Lloyds Bank provides financing for Chiswick Park pre-let
Lloyds Bank Wholesale Banking & Markets is to fund the construction of a new London office building at Chiswick Park to be occupied by the Scandinavian energy company Aker Solutions.
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PropertyEU Archive
City of London office prices fall further in July: IPD
Office prices in the City of London fell for the second consecutive month in July despite pressure from overseas buyers, indicating values in the sector may be past their peak, according to IPD.
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PropertyEU Archive
Immofinanz sells apartment building in Vienna
Listed CEE property investor Immofinanz has sold an an apartment building in Vienna. The buyer is a corporation associated with the Austrian lender Raiffeisen Landesbank Oberösterreich. The price paid topped EUR 33 mln, which Immofinanz said was significantly higher than the current book value.
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PropertyEU Archive
Editor's choice: top real estate headlines
A selection of the leading property headlines from around Europe at a glance:
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PropertyEU Archive
BVI slams proposed abolition of German open-ended funds
German fund industry assocation BVI has criticised the proposed abolition of open-ended real estate funds as part of the implementation of the AIFM Directive into German law as detrimental to small investors. In a statement published on Monday, BVI chief Thomas Richter said that a ban on new open-ended funds ...
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PropertyEU Archive
GSW raises full-year earnings forecast
German residential company GSW Immobilien reported net rental income rose by around 13.3% in the first six months of 2012 to EUR 78.9 mln from EUR 69.6 mln in the year-earlier period. However, earnings before interest and tax (EBIT) were down 3% year-on-year at EUR 66.3 mln.
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News
Connecticut Retirement earmarks $350m for real estate investment
US – Pension fund increases allocation to 7%, makes $100m commitment to Cornerstone Patriot.
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AnalysisNews analysis: The sweet green smell of distress
A deal announced this week suggests banks could start shedding Irish loans in earnest.
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News
Wisconsin announces $170m of new real estate commitments
US – Largest mandate to provide first mortgage loans with focus on value-add hotel assets.
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News
CalPERS OKs $530m investment in funds targeting Asian real estate
GLOBAL – Pension fund cites stable income, capital growth potential of office and retail sectors.
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News
Illinois State Board of Investments to boost real estate
US – Pension fund to invest $100m-200m over next 12 months as it readjusts portfolio
