Latest reports – Page 2770
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PropertyEU Archive
Multi, Wilhelm join expert briefing on Benelux property investment
Multi Corporation CEO Heino Vink and Peter Wilhelm, CEO of Wilhelm and Co, have joined the expert panel for PropertyEU's Investment Briefing on the Benelux markets.
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PropertyEU Archive
Hahn fund invests EUR 42m in German retail assets
German listed real estate group Hahn has announced that one of its funds has acquired two retail warehouse centres in Neumünster and Husum for EUR 25 mln. The transactions were carried out by institutional fund Hahn FCP-FIS German Retail in the first quarter of 2012.
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PropertyEU Archive
Deutsche Euroshop raises 2012 earnings guidance
Deutsche Euroshop has raised its earnings guidance for the full-year 2012 after a strong performance in the first quarter.
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PropertyEU Archive
Dubai group acquires Le Méridien Budapest
Dubai conglomerate Al Habtoor Group has added Le Méridien Budapest to its hotel portfolio. The financial details of the transaction were not disclosed.
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PropertyEU Archive
Corio sees net profit more than halve in Q1
European retail specialist Corio reported net profit in the first three months of 2012 more than halved to EUR 40.1 mln from EUR 87.1 mln in the year-earlier period following a negative indirect result of EUR 27.8 mln.
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PropertyEU Archive
Vastned sees lower direct result due to new tax rules in Spain
Retail property firm Vastned saw its direct result fall by 7% to EUR 15.6 mln in the first quarter of 2012, largely as a result of higher financing expenses and higher taxes stemming from new fiscal measures in Spain.
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PropertyEU Archive
Fabege launches share buyback programme
Stockholm-listed real estate company Fabege has unveiled a share buyback programme to shore up its financial position. The shares acquired may not exceed 10% of the total number of outstanding Fabege shares at any time.
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PropertyEU Archive
European deal volumes shrink 50% in April
European real estate investment slowed significantly in April compared with March, continuing the downward trend seen since the beginning of the year. PropertyEU Research recorded a volume of EUR 3.5 bn for April, compared with almost EUR 5 bn a month earlier.
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PropertyEU Archive
Invesco buys Swedish retail park for German fund
Invesco Real Estate has acquired a retail park near Stockholm for EUR 63 mln. The global investment manager carried out the transaction on behalf of iii-BVK Europa-Immobilien-Spezialfonds, an institutional real estate fund managed by Invesco for German pension fund Bayerische Versorgungskammer (BVK).
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PropertyEU Archive
Union's Emporio in Hamburg 70% let
International law firm White & Case has signed a lease with Union Investment for around 6,000 m[sup]2[/sup] of space in the redeveloped Emporio scheme n Hamburg.
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PropertyEU Archive
More prime offices up for sale in Dutch market
More sales of large high-quality office buildings are on the cards in Amsterdam following Deka Immobilien's acquisition of the Viñoly office building in the city's Zuidas business district. The German open-ended fund manager snapped up the prime office building from troubled peer Credit Suisse for EUR 140 mln, reflecting a ...
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PropertyEU Archive
Atrium Q1 rental income climbs on acquisitions
Atrium European Real Estate said its net rental income increased by more than 17% to EUR 43 mln in the first quarter of 2012 from EUR 42 mln in the year-earlier period. The company attributed the growth primarily to acquisitions carried out in 2011 and a strong performance in Russia.
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PropertyEU Archive
BNP Paribas signs new alliance in Austria
BNP Paribas Real Estate has boosted its presence in Austria through a joint venture with local property services firm Danube Property Consulting.
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PropertyEU Archive
Spanish banks take further EUR 11b in bad loan provisions
Spain's top banks have unveiled EUR 11 bn of new bad debt provisions to deal with market concerns about the size of the real estate loans on their books.
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PropertyEU Archive
Rockspring starts construction of retail scheme in Wales
Rockspring Property Investment Managers and its development partner, Simons Development, said that construction has commenced on the first phase of Bargoed Retail Plateau in South Wales.
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PropertyEU Archive
Korean newcomer invests EUR 206m in London office asset
Korean public-sector pension fund POBA has entered the London real estate market with the acquisition of a 21,160 m[sup]2[/sup] office property in the City financial district for £165 mln (EUR 206 mln). The vendor was Apollo Real Estate.
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PropertyEU Archive
Topland, Wolsey to expand resi funding in UK
International investment group Topland and residential financing specialist Wolsey Securities have announced they are expanding their joint product offering to provide bridging finance and a wider range of senior debt finance.
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PropertyEU Archive
Newsec to property manage 700,000m[sup]2[/sup] portfolio in Finland
Newsec Asset Management has announced it is to provide property management services for a 700,000 m[sup]2[/sup] real estate portfolio owned by Finnish financial group Pohjola. The agreement runs from July 2012.
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PropertyEU Archive
Europa Capital, St Congar invest in brownfield site in England
The English Residential Land Partnership, a joint venture between Europa Capital and St Congar Land, has completed the purchase of the HSBC Training Facility to the south of St Albans in Hertfordshire, England. Financial details were not disclosed.
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PropertyEU Archive
European industrial investment drops 40% in Q1: JLL
Most European industrial investment markets recorded a quiet start to the year following a flurry of activity in the final quarter of 2011, according to research published by property adviser Jones Lang LaSalle. Limited availability of prime assets for sale braked investment activity to EUR 1.5 bn, down 40% on ...
