Latest reports – Page 2724
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PropertyEU Archive
British Land sells stake in Hercules Income Fund to LaSalle
British Land has completed the sale of its 26.1% interest in the Hercules Income Fund to clients of LaSalle Investment Management for £19 mln (EUR 24.1 mln). The transaction represents a total property value of £72 mln (EUR 91.5 mln) and a net initial yield of 6.5%, which is slightly ...
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PropertyEU Archive
Grainger starts EUR 76m mixed project in London
Grainger, a UK-listed residential property owner and manager, has started construction of a mixed-use development in Clapham Old Town, London.
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PropertyEU Archive
Invesco retains top spot in property investor ranking
Invesco Real Estate has topped PropertyEU's ranking of cross-border investors by volume during the first six months of 2012. PropertyEU Research recorded just over EUR 1 bn of transactions by the London-based fund manager. The performance was largely due to two large deals on behalf of individual mandates in the ...
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PropertyEU Archive
Atrium European Real Estate books solid H1 performance
Listed CEE shopping centre specialist Atrium European Real Estate reported gross rental income increased by 13% to EUR 96 mln in the first half of 2012 compared to the year-earlier period, reflecting like-for-like growth of 5.6% to EUR 81 mln.
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PropertyEU Archive
Pbb provides EUR 285m facility for Deutsche Wohnen
Pbb Deutsche Pfandbriefbank together with four other banks has financed a portion of the Baubecon portfolio which German listed company Deutsche Wohnen acquired in May this year. Deutsche Wohnen bought the Baubecon portfolio of 23,500 housing units in Germany in a deal worth EUR 1.2 bn.
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PropertyEU Archive
Savills signals opportunities in Italian student housing market
Student housing is emerging as an attractive alternative property investment opportunity in Italy, according to UK-based advisory firm Savills. Private investor involvement in the sector is still very limited, noted Marcus Roberts, head of Savills student investment at Savills. 'Therefore we expect yields to remain attractive compared to the other ...
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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
Kennedy Wilson buys Dublin office at massive discount
US property investment and services firm Kennedy Wilson has acquired Brooklawn House, a Dublin office property, for EUR 15 mln together with its partners. Kennedy Wilson’s stake equals 50%, and the property is being acquired with no debt financing, the company said in a press release.
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PropertyEU Archive
Forever 21 to open first Dutch store in Rokin Plaza
US fashion chain Forever 21 has announced it will open its first store in the Netherlands in the third quarter of 2013.
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News
AP3 JV acquires €111m social infrastructure portfolio
EUROPE – Major shareholders include AP2, AP4, PGGM and Norwegian sovereign wealth fund.
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News
London office property market has passed its peak, says IPD
UK – Office prices fall for second consecutive month after three years of growth.
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News
Half of investors to commit to private equity RE funds – Preqin
GLOBAL – Almost half of institutional investors surveyed planning to increase commitments.
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News
PKA to expand investment in infrastructure 'significantly'
DENMARK – Labour-market pensions administrator returns 7.6% in first half of year.
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PropertyEU Archive
Czech property volumes to drop 50% in 2012: C&W
Cushman & Wakefield expects overall investment volume in the Czech Republic to halve in 2012 to just over EUR 1 bn from EUR 2.1 bn in 2011. The Czech market saw EUR 256 mln of deals in the first six months of 2012, 60% down on H1 2011, but still ...
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PropertyEU Archive
Canadian pension plan takes stake in ISS
The Ontario Teachers' Pension Plan and Kirbi Invest have agreed to invest EUR 500 mln in ISS, a leading global provider of facility services. The current owners, funds advised by EQT Partners and GS Capital Partners funds. are not selling any shares as part of the transaction, and will remain ...
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PropertyEU Archive
Retail and industrial gain ground in Slovakia
Investment activity in Slovakia is focussing more on retail and industrial assets than offices at present, according to advisory firm Cushman & Wakefield. in Slovakia. Many office developers who control the better prime assets are unwilling to sell for the yield levels at which investors are prepared to buy and ...
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PropertyEU Archive
Polish logistic completions jump 116% in H1: DTZ
The volume of modern industrial and logistics stock is increasing significantly, in Poland, reflecting the country's strong economic performance. Some 3,000 m[sup]2[/sup] of industrial and logistics space was delivered to the market over this period, marking an increase of 116% compared to H1 2011, according to property adviser DTZ.
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PropertyEU Archive
JLL names new leasing chief in Hungary
Jones Lang LaSalle has announced the appointment of Lóska Erika to the position of head of office and industrial leasing in Hungary.
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PropertyEU Archive
SNS Reaal sees Dutch property writedowns double in H1
Dutch bank SNS Reaal reported further hefty writedowns on its Dutch property portfolio in the first half of 2012. The bank booked a net loss of EUR 131 mln at its property finance unit following a EUR 140 mln writedown on the loan portfolio. In the same period a year ...
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PropertyEU Archive
ING boosts provisions against expected Dutch losses
Dutch banking and insurance giant ING set aside significantly higher provisions in the second quarter of 2012 against expected losses on the financing of (commercial) real estate, particularly in the Netherlands. The provisions against property loans more than doubled to EUR 120 mln from an average level of between EUR ...
