Latest reports – Page 2861
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PropertyEU Archive
CEE banks favour restructuring to foreclosure
Some 30% of real estate loans in Central and Eastern Europe are considered to be impaired but lenders in the region still favour restructuring to foreclosure. In 2011 about 10% of property loans suffer from ‘serious impairment’ while a further 21% have ‘minor impairment’ in CEE, according to data compiled ...
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PropertyEU Archive
Aberdeen buys and sells for EUR 40m in Finland
Property funds managed by Aberdeen Asset Management closed transactions worth a combined EUR 40 mln in Finland during the third quarter.
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PropertyEU Archive
MAPIC: Multi opens luxury 'fashion street' in Ankara
European retail specialist Multi Development has added a new luxury fashion brand concept to its Forum Ankara Outlet shopping centre in Turkey.
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PropertyEU Archive
Invesco RE closes largest Madrid office deal of 2011
Invesco Real Estate has completed the acquisition of a 10,000 m[sup]2[/sup] office building in Madrid from Pramerica Real Estate Investors, PropertyEU has learnt. The transaction price is understood to be around EUR 40 mln, reflecting a net yield of 6.5%.
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PropertyEU Archive
MAPIC: Brussels ranked most attractive shopping city in the Benelux
Brussels leads the ranking of most attractive retail destinations in the Benelux compiled by international broker Cushman & Wakefield. Brussels was followed closely by Amsterdam and Antwerp. Maastricht and Bruges also received good to outstanding marks. The C&W Benelux Retail Monitor includes 30 main cities in the Benelux.
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PropertyEU Archive
MAPIC: Saturn to rent 10,000-m[sup]2[/sup] in MAB's Rotterdam project
German electronics retailer Saturn and Dutch developer MAB have signed a rental agreement for 10,000 m[sup]2[/sup] in the Spinoza complex in Rotterdam. The store - Saturn's first in the Netherlands - will be one of the company's largest locations in Europe to date.
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PropertyEU Archive
MAPIC: Foreign investors dominate Swedish retail market
Foreign investors accounted for 94% of the retail property transactions during the first half of 2011 in Sweden, a market traditionally seen as dominated by the large domestic pension funds and insurers. This compares to 70% in 2010 and 30% in 2009, according to Jones Lang LaSalle’s latest Swedish Retail ...
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PropertyEU Archive
European office leasing volumes show 'strength': JLL
EMEA office leasing volumes continued to improve over the third quarter of 2011 despite variations in prime rents. Jones Lang LaSalle's Q3 2011 European Office Clock Report shows prime rents increased in Stockholm, The Hague (both +2.4%), Hamburg (+2.2%) and Milan (+1.9%). In contrast prime rents declined in Brussels (-3.2% ...
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PropertyEU Archive
MAPIC: Reiss expands in Moscow
UK designer clothes retailer Reiss has acquired a 257 m[sup]2[/sup] unit on the ground floor of Metropolis shopping centre in Moscow. The new store, which is expected to open for trading in December 2011, will showcase the full range of menswear, woman's wear and accessories.
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PropertyEU Archive
CBRE Hotels sets deadline for bids on UK Hilton portfolio
CBRE Hotels has set 23 November as the deadline for bids on a portfolio of three purpose-built hotels in the UK. The hotels are branded Hampton by Hilton.
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PropertyEU Archive
MAPIC: Saturn to launch flagship store in Rotterdam
Saturn is opening a flagship store in the Netherlands. The German electronics retailer is leasing 10,000 m[sup]2[/sup] at MAB Development's Spinoza Rotterdam development project, for what will be one of Saturn's largest locations in Europe.
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PropertyEU Archive
MAPIC: Multi unleashes T-Rex on Istanbul
European mall specialist Multi has opened a dinosaur 'edutainment' attraction at Forum Istanbul, which is celebrating its second year of operation.
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PropertyEU Archive
MAPIC: Redevco to invest EUR 105m in Bordeaux project
European retail property company Redevco has unveiled plans during the Mapic fair for a 30,000 m[sup]2[/sup] open-air commercial development in the historic heart of the French city of Bordeaux. Redevco said the Promenade Sainte-Catherine project will represent a total investment of EUR 105 mln.
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PropertyEU Archive
Q-Park secures EUR 1.1b refinancing
European car park group Q-Parks has signed a EUR 1.1 bn credit facility with a syndicate of 11 European banks. The facility will be used to refinance an existing loan of EUR 965 mln and to help fund investment plans.
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PropertyEU Archive
MAPIC: Colliers sees retail opportunties in small Polish cities
Seven smaller cities in central Poland offer high retail investment potential, according to an analysis by Colliers International. The property adviser's quarterly report entitled 'Where to invest in Poland' seeks to identify the retail investment gaps in smaller cities with populations between 30,000 and 100,000 inhabitants.
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PropertyEU Archive
SocGen suspends new lending to European property
Société Générale is understood to be suspending new lending to European property indefinitely. The move follows a major review of the bank's activities triggered by the new Core Tier 1 regulatory requirements under Basel 3.
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PropertyEU Archive
Rockspring teams up with Vencom in the Nordics
UK-based investment manager Rockspring has established a strategic cooperation with Nordic asset manager Vencom Property Partners.
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PropertyEU Archive
MAPIC: Moscow retail pipeline begins to dry out
Moscow's retail development pipeline is drying out as developers focus on small schemes of less than 5,000 m[sup]2[/sup] gross lettable area, according to data compiled by Cushman & Wakefield.
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PropertyEU Archive
Henderson sells Paris office building for EUR 22m
Henderson Global Investors has sold an office building in Paris for EUR 22 mln to an unnamed investor. The 2,500 m[sup]2[/sup] building is located at 15 rue du 4 September in the second district of Paris. The property is predominantly used for offices though the ground floor is dedicated ...
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PropertyEU Archive
MAPIC: Retail expansion still on agenda in Europe
Large-scale expansion is still on the agenda for international retailers in Europe next year, in spite of the challenging consumer environment and an increasing share of shopping being done online, according to global property adviser CBRE.
