Latest reports – Page 2728
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PropertyEU Archive
Morgan Stanley appoints Savills as receiver for its own Canary Wharf office
Morgan Stanley Mortgage Servicing (MSMS) has appointed property adviser Savills as receiver for an office building the investment bank rents in London's Canary Wharf business district.
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PropertyEU Archive
IVG sells Spiegal Island in Hamburg
German listed property company IVG Immobilien is selling the former headquarters of Spiegel media group to Hochtief Solutions, a division of German construction and property developer Hochief. The financial details were not disclosed.
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PropertyEU Archive
Unibail-Rodamco completes Mfi deal in Germany
Paris-based Unibail-Rodamco has announced the closing of its acquisition of a controlling stake in Mfi, second-largest shopping centre developer-owner in Germany from global asset manager Perella Weinberg Partners.
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PropertyEU Archive
ING increases provisions for bad property loans
Dutch insurance giant ING Group reported a sharp increase in provisions in the second quarter of 2012 on expected losses on its property loan portfolio, in particular in the Netherlands. The provisions for its commercial and private lending business rose to EUR 120 mln from a level of between EUR ...
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News
Nordic investor Sponda looks east as Russia outperforms
EUROPE – Data for 2011-12 indicate 35% year-on-year increase in real estate transactions.
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News
Global property market recovers, but investors still pine for prime
GLOBAL – Most investment for 2012 directed towards prime assets, core markets, says JLL.
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News
North Rhine-Westphalia pension fund to boost real estate, infrastructure [Amended]
EUROPE – €10bn NAEV to increase exposure to markets outside Germany with new partner Aberdeen.
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News
Cornerstone Real Estate enters European property lending market
EUROPE – Provides £83m loan to Derwent London secured on £172m of central London assets.
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News
UK awards mandates to energy-efficient infrastructure specialists
UK – Contracts predicated on ability to match government money with institutional funding.
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PropertyEU Archive
P3 agrees 390,000m[sup]2[/sup] of leasing deals in H1 2012
Pan-European warehouse property specialist PointPark Properties leased 390,000 m[sup]2[/sup] of space in the first half of this year, a surge of 70% compared to the same period in 2011.
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PropertyEU Archive
NAI apollo group appoints Marcel Crommen as MD of holding company
NAI apollo group has appointed Marcel Crommen as managing director of the holding company to help drive the German property advisory's expansion strategy. Crommen will head the company together with the managing partners and founders Axel König and Andreas Krone.
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PropertyEU Archive
Alstria reports double-digit revenue and profit growth
Alstria Office REIT reported revenues increased by 12.7% in the first six months of 2012 to EUR 49.2 mln compared to the year-earlier period, mainly due to acquisitions in 2011 and 2012. Net profit was 15.4% higher at EUR 21.7 mln.
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PropertyEU Archive
Goodman fully leases Slovakian portfolio
Goodman Group has announced that its distribution property portfolio in Slovakia is fully leased following the signing of a three-year letting agreement.
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PropertyEU Archive
John Lewis awards Pramerica UK fund mandate
John Lewis Partnership Pensions Trust has mandated Pramerica Real Estate Investors to manage and expand its portfolio of UK property investments following a strategy review and manager selection process, the company announced last week.
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PropertyEU Archive
RREEF invests EUR 70m in two UK retail property assets
RREEF Real Estate has acquired two retail properties in Liverpool and Cardiff for a total of £55.5 mln (EUR 70 mln) on behalf of two German institutional clients.
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PropertyEU Archive
Warsaw, Prague prime office yields hold steady at 6.25%: DTZ
Warsaw and Prague remain the most attractive real estate investment markets in Central and Eastern Europe, with prime office yields in both cities steady at 6.25% during the second quarter of 2012, property adviser DTZ said in its latest investment update for the region.
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PropertyEU Archive
Prologis Europe leases 615,000m[sup]2[/sup] during Q2 2012
Prologis, the global owner, operator and developer of industrial real estate, leased some 615,000 m[sup]2[/sup] of space in Europe during the second quarter of 2012.
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PropertyEU Archive
German logistics investment picks up in 2012: BNP Paribas RE
German logistics and light industrial property investment totalled EUR 851 mln in the first half of 2012, almost double the comparable year-earlier result (EUR 470 mln), according to research conducted by BNP Paribas Real Estate (BNPPRE).
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PropertyEU Archive
Union Investment reaps profit on sale of Toronto tower
Germany's Union Investment has sold the Bell Trinity Square tower in Toronto to Canadian investment firm Northam Realty Advisors Limited for CA$368.5 mln (EUR 300 mln). Union Investment decided to sell now to take advantage of strong demand for prime property in Canada and to generate a profitable return on ...
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PropertyEU Archive
BlackRock expands real estate team with new hire
BlackRock has announced the appointment of Mark Long as director of Research within BlackRock's Real Estate team.
