Latest reports – Page 2912
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PropertyEU Archive
Prelios shares up 10% on news of EUR 248m Karstadt sale
Prelios' shares gained nearly 10% reaching EUR 0.27 per share on Wednesday after the company announced the closing of the sale of the Karstadt Oberpollinger and Karstadt Sports properties in Munich for around EUR 248 mln. The assets were sold for a price in line with market value to a ...
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PropertyEU Archive
Orco to sell Russian assets for EUR 53m
Orco Property Group has entered into an agreement to sell stakes in its Russian operations to an unnamed local investor for EUR 53 mln.
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PropertyEU Archive
Henderson launches EUR 170m German retail fund
UK asset manager Henderson Global Investors has announced the launch of a German Retail Income Fund (HGRIF). The fund recently raised EUR 85 mln of equity from insurance companies and pension funds from Germany and Austria.
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PropertyEU Archive
Listed property buyers outpaced by unlisted peers
Listed European real estate investors accounted for just 22% of the top 50 deals by number in the first half of this year, according to research by PropertyEU.
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PropertyEU Archive
Metrovacesa swings back to profit in H1
Metrovacesa swung back to a profit of over EUR 15 mln in the first six months of the year, versus a loss of EUR 15 mln in the same period a year before. The positive result was mostly due to lower writedowns across its property portfolio.
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PropertyEU Archive
Investment climate driven by wider economic conditions: Union
The real estate investment climate in Germany continues to benefit from the feel-good factor generated by the ongoing recovery, but economic weakness in France and the UK is taking its toll, according to the results of the latest Investment Climate Index released this week by Union Investment.
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PropertyEU Archive
Canadians buy German healthcare portfolio
Toronto-based healthcare properties group Northwest is buying a portfolio of German healthcare properties in a sale-and-leaseback transaction. The vendor is Carecapital, a developer-investor of UK and German healthcare properties listed on London's junior AIM market.
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PropertyEU Archive
Dutch pension funds increase allocations
Dutch pension funds expanded their real estate portfolios in 2010 to EUR 61 bn from EUR 53 bn in 2009 thanks to new allocations and upward revaluations. That is one of the key conclusions of research by PropertyEU's sister publication PropertyNL on the top 101 investors in the Netherlands.
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PropertyEU Archive
Quintain delivers student housing projects in London
UK listed property company Quintain has announced the completion of two new student accommodation buildings in London, which will deliver close to 500 new bed spaces.
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PropertyEU Archive
Hot markets centred on CEE: DTZ
European property markets now offer better value to investors than they did in the first quarter of 2011, according to the latest European all-property DTZ Fair Value Index.
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PropertyEU Archive
Stocks tumble on debt fears
European real estate stocks have dropped sharply over the summer on the back of mounting fears over a double dip recession. The unfolding of the eurozone's debt crisis, coupled with prospects for slower economic growth, has sent shockwaves through the listed sector, prompting a nearly 16% share price drop throughout ...
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PropertyEU Archive
Invesco aims to double equity in hotel fund by year-end
Invesco Real Estate (IRE) aims to double the initial equity of its second pan-European hotel fund to around EUR 170 mln by the end of the year, Simon Redman, head of product management, has told PropertyEU. 'We are looking at a few deals. I hope we will have at least ...
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PropertyEU Archive
Hochtief sells Casanova scheme in Stuttgart
Hochtief Projektentwicklung has sold the Casanova mixed-use building in Stuttgart, Germany, to Plusalpina Real Estate Advisors, a subsidiary of Frankfurt-based property management group Conren Land. The companies agreed not to disclose the financial details of the transaction.
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PropertyEU Archive
Deutsche Euroshop buys 50% of Allee-Center Magdeburg
German listed shopping center investor Deutsche Euroshop has bought a 50% stake in the Allee-Center in Magdeburg from Franco-Dutch group Unibail-Rodamco for EUR 118 mln. The net initial yield - based on an expected revenue in 2012 of EUR 7.8 mln - is just under 6%.
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PropertyEU Archive
Worsening bank crisis may hit property deals
The renewed market focus on the financial problems of Italy and Spain, and subsequently European banks could ultimately have a negative impact on property transactions, Rob Wilkinson, Chief Investment Officer at AEW Europe, told PropertyEU. 'The difficulties in the interbank market could once again create flow-on effects for borrowers with ...
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PropertyEU Archive
MRM offloads Paris offices for EUR 40m
French listed commercial real estate company MRM has signed an agreement with peer Fonciere LFPI regarding the sale of two fully let office buildings to the west of Paris for a total of nearly EUR 40 mln.
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PropertyEU Archive
Tishman Speyer leases 37,600 m[sup]2[/sup] in Paris' Le Lumiere
US property company Tishman Speyer has leased 37,600 m[sup]2[/sup] in Le Lumiere office building in the 12th arrondissement of Paris to the French Ministry of Home Affairs. BNP Paribas Real Estate brokered the transaction, the largest leasing deal reported in the French office market since 2005.
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PropertyEU Archive
ECE in talks to buy first Italian mall
Germany's ECE Projektmanagement is in due diligence to acquire the Megalò shopping centre in the central Italian city of Chieti from SEB Asset Management, PropertyEU has learned. A source close to the negotiations process confirmed on Tuesday that the company is in advanced talks to buy the shopping centre in ...
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PropertyEU Archive
Deutsche Pfandbriefbank mulls EUR 1b Jumbo issue
Deutsche Pfandbriefbank, the core bank of Germany's HRE Group, takes to the road on Monday to drum up support for its first Jumbo Pfandbrief issue this year, a spokesman for the lender told PropertyEU.
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PropertyEU Archive
Multi, AM start work on New Hague Passage
The Dutch arm of Multi Development has announced the start of construction for its New Hague Passage project in partnership with developer AM. The scheme - designed by T+T Design, Multi's in-house design company - involves an investment of around EUR 80 mln.
