Latest reports – Page 2889
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PropertyEU Archive
Union Investment aims to invest up to EUR1bn by year-end
German fund manager Union Investment is hoping to invest up to EUR 1bn in European real estate by the year-end, its chairman of the board Reinhard Kutscher told PropertyEU.
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PropertyEU Archive
WGF sells Holiday Inn Express hotel in Frankfurt
German property company WGF has clinched the sale of the Holiday Inn Express hotel near Frankfurt's main station to an unnamed family office, the Dusseldorf-based group announced during the Expo Real fair in Munich. 'Demand from investors was tremendous,' commented Rico Westermann, WGF's senior manager.
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PropertyEU Archive
Morgan Stanley close to buying largest mall in St Petersburg
Morgan Stanley Real Estate Investing is understood to be buying the Galeria shopping and entertainment centre - the largest retail scheme in St. Petersburg - for a price in the region of $1.1 bn (EUR 0.8 bn), well-informed market sources told PropertyEU.
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PropertyEU Archive
Warburg-Henderson invests EUR 342m in H1
Anglo-German fund manager Warburg-Henderson carried out acquisitions totalling EUR 342 mln and sales either completed or in negotiation equivalent to EUR 140 mln in the first half of 2011. The period also saw Warburg-Henderson launch three new funds in the Spezialfonds sector.
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PropertyEU Archive
New York knocks London from investment top spot: C&W
New York has dethroned London as the city that attracts the most commercial real estate investment in the world. But the UK capital remains the favoured choice for overseas investors, according to Cushman & Wakefield's Winning in Growth Cities’ report unveiled at Expo Real in Munich.
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PropertyEU Archive
Catella raises over EUR 100m from initial tranches of Kefren sale
Stockholm-based adviser Catella Group expects to raise just over EUR 100 mln from the first two days of the auction of the Kefren portfolio which it is holding on behalf of special servicer Capita Asset Services (formerly Barclays Capital Mortgage Servicing).
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PropertyEU Archive
Uncertainty reigns as Expo delegates seek direction
Real estate investors are struggling to find direction amid capital market turbulence and mounting concerns about a potential break-up of the eurozone. Even economists are at a loss to make sense of the current climate, noted Mike Sales, head of property investment at Henderson Global Investors. ´If you ask five ...
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PropertyEU Archive
Expo Real panel calls on insurers to plug debt gap
There is a growing need for insurance companies to become the ‘Seventh Cavalry’ to plug the debt gap in Europe, according to Paul Rivlin, co-founder of Palatium Investment Management in London.
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PropertyEU Archive
UK banks set to replace eurozone peers in Savills lenders list
Property adviser Savills expects some of the eurozone banks in its list of big-ticket lenders to the UK property market to be replaced by UK institutions in the future and others by insurance companies benefiting from the Solvency II regulations.
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PropertyEU Archive
'Ongoing financial crisis will overshadow Expo Real'
The ongoing financial turmoil in the eurozone will cast a shadow over Expo Real this year, Joe Valente, head of European real estate research and strategy at J.P. Morgan Asset Management in London, told PropertyEU. ‘The atmosphere is more depressed than last year. Sentiment is driving the market more than ...
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PropertyEU Archive
Anti-cyclical investors eye distressed loans in Germany
Distressed loans are continuing to attract investors with an opportunistic, anti-cyclical approach, according to Thomas Köntgen, the new chairman of the board at Eurohypo, who has replaced Frank Pörschke.
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PropertyEU Archive
CBRE completes acquisition of ING's Asian operations
CBRE (formerly known as CB Richard Ellis) said on Tuesday it has completed the acquisition of the Asian real estate investment operations of Dutch financial group ING. The move means that CBRE remains on course to take over the bulk of ING’s property investment arm ING REIM by the end ...
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PropertyEU Archive
Corio eyes EUR 2.5 bn German portfolio
Dutch retail specialist Corio aims to double its German retail portfolio to EUR 2.5 bn in the next few years, Corio’s new CEO for Germany Hubertis Kobe said in an interview with PropertyEU TV at EXPO REAL.
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PropertyEU Archive
Alternative lenders dominate hotel financing market, says Blackstone
Traditional bank lending is being replaced on a large scale by alternative lenders including sovereign wealth funds and insurance companies, Blackstone’s managing director Marty Kandrac said during a conference on hotel refinancing at EXPO REAL. The US private equity group, which last month took control of UK hotel chain Mint ...
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PropertyEU Archive
Sweden sees major state property sale
A partnership between the Swedish municipality of Sigtuna and housing corporation Sigtunahem has sold a portfolio of residential and public properties to investment firm Rikshem for SEK 1.7 bn (EUR 190 mln).
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PropertyEU Archive
Sonae draws up mall success checklist
International shopping centre specialist Sonae Sierra has presented a checklist at EXPO REAL to help evaluate whether a revitalisation of a mall in Germany will be a success or not.
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PropertyEU Archive
Henderson moves up risk curve
Henderson Global Investors is targeting out-of-town retail warehouses in Germany for its German retail fund, Mike Sales, head of property investment, told PropertyEU at EXPO REAL. The fund manager expects to close two deals by the end of the year and has another two in the pipeline, he added.
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PropertyEU Archive
Expo Real is 'oasis of calm against backdrop of volatility'
Despite the volatility engulfing European markets, Expo Real is powering ahead as a beacon of stability, at least according to Eugen Egetenmeir, managing director of Messe München. 'In 2010, the mood was quite optimistic. However, since this summer, we have been engulfed by a new crisis,' he said at the ...
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PropertyEU Archive
No shelter from Europe's sovereign debt crisis, says Dundee REIT CEO
Investors cannot avoid the European sovereign debt crisis by simply turning to other locations, Michael Cooper, vice-chair and CEO of Canada’s Dundee REIT, said during a conference at the Expo Real property fair in Munich.
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PropertyEU Archive
Cost of mezzanine financing to halve by end-2012: CBRE
The cost of mezzanine financing is forecast to decrease to 8% by the end of 2012 as a result of increased competition in the market, Natale Giostra, head of CBRE’s debt advisory unit in London, told PropertyEU during the EXPO REAL fair in Munich.
