Latest reports – Page 2730
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PropertyEU Archive
Germany may not remain unaffected by euro crisis: RICS
Germany and Russia are the top performers in the RICS Global Commercial Property Survey for the second quarter of 2012. However, RICS cautions that there are expectations Germany will improve at a more modest pace in comparison to previous quarters.
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PropertyEU Archive
Ascott snaps up London hotel for EUR 200m
Singapore-based serviced residences group The Ascott Limited is acquiring the Cavendish Hotel in London for £158.8 mln (EUR 200 mln). Ascott said it will transform the 230-room hotel in a luxurious serviced residence under the premier Ascott The Residence brand when it takes over management of the asset in the ...
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PropertyEU Archive
European mall completions set to jump 25% in 2012: CBRE
New shopping centre development in Europe is expected to increase by 25% in 2012 to meet retailer demand for modern, high-quality retail space, according to the latest research by global property adviser CBRE.
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PropertyEU Archive
Eurozone woes set to depress office rents further
Prime office rents increased in the second quarter of 2012 in Düsseldorf (+4.2%) and Berlin (+2.3%), but declined in Dublin (-6.5%), Madrid (-2.0%), Barcelona (-1.4%) and Paris (-1.2%), according to Jones Lang LaSalle's Property Clock for Q2 2012.
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AnalysisNews analysis: CMBS second time around
Will new guidelines do anything to revive the languishing European CMBS market?
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News
IORP directive approach to property 'simple-minded'
EUROPE – AEIP argues capital requirements overstated, real estate not only a tradable asset.
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News
Friday people roundup
GLOBAL – BlackRock, Revetas, Pramerica, SilkRoad, AEW Asia, Ernst & Young.
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News
New Jersey commits $320 to ReCap fund, Och-Ziff account
UNITED STATES – Invests through Asian opportunity fund and hedge fund manager.
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News
EU outlines plan for green building investment
EUROPE – Loan guarantees, project bonds from the European Investment Bank potential stimuli.
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PropertyEU Archive
FdM signs EUR 228m in new financing
Foncière des Murs, a subsidiary of Foncière des Régions, has signed two financing agreements for a total of EUR 228 mln, thereby refinancing all of its 2013 maturities.
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PropertyEU Archive
Wind-up costs and disposals dent PEPR earnings
ProLogis European Properties (PEPR) recorded an IFRS loss of EUR 6.4 mln for Q2 2012 due to higher valuation declines, lower rental income and a EUR 1.3 mln provision for costs associated with the wind-up of the company. As a result, the Amsterdam-listed company booked a first-half IFRS loss of ...
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PropertyEU Archive
King Sturge takeover lifts JLL EMEA
Jones Lang Lasalle reported a 9% rise in consolidated revenue in the second quarter of 2012 to $921 mln (EUR 749 mln), thanks largely to a stronger EMEA performance driven by the takeover of King Sturge in 2011. But although income more than doubled for the EMEA operations, overall net ...
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PropertyEU Archive
Cornerstone enters European property lending
Cornerstone Real Estate Advisers has entered the European real estate lending market by providing a £83 mln (EUR 105 mln) refinancing secured against two prime central London assets. The facility was provided to central London REIT Derwent London.
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PropertyEU Archive
Pbb provides EUR 32m refinancing for London portfolio
German lender pbb Deutsche Pfandbriefbank has provided a refinancing facility of £25 mln million (almost EUR 32 mln) to subsidiaries of UK investor O&H Holdings.
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PropertyEU Archive
Barclays funds major Aberdeen business park
Barclays has announced the provision of a £52 mln (EUR 67 mln) debt package for Drum Property Group to build the first phase of Aberdeen’s Grade-A business park for the oil and energy sector.
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PropertyEU Archive
CeGeREAL restructures EUR 400m debt with four banks
French office REIT CeGeREAL has secured EUR 400 mln in financing to replace its bank loan due in March 2013. The lending consortium consists of German groups Aareal Bank, Bayern LB, pbb Deutsche Pfandbriefbank and Landesbank Berlin / Berlin Hyp.
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PropertyEU Archive
EMEA dents CBRE’s strong global performance
CBRE, the world’s leading real estate advisory firm, booked double-digit revenue and income growth over the second quarter of 2012, despite a weaker performance at its EMEA unit.
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PropertyEU Archive
Allianz edges nearer to EUR 1b real estate loan target
German insurer Allianz has edged closer to its EUR 1 bn loan target after providing a EUR 650 mln facility secured against Oberhausen-based shopping centre, Centro, together with German banks Aareal Real Estate and Helaba,
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PropertyEU Archive
IVG reduces debt by further EUR 200m
Germany's listed property group IVG Immobilien is repaying EUR 200 mln of debt following the transfer of seven caverns to the IVG Cavern Fund.
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PropertyEU Archive
Tishman Speyer inks EUR 472m refinancing for Paris scheme
Tishman Speyer has signed an agreement to restructure the EUR 472 mln mortgage loan on the Lumière building in Paris with bank BNP Paribas and a consortium of French insurers composed of Cardif, CNP and Predica.
