Latest reports – Page 2980
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PropertyEU Archive
CBRE posts $34m profit in Q1 2011
CB Richard Ellis (CBRE) posted a net profit of $34.4 mln (EUR 23.5 mln) in the first three months of 2011, compared to a loss of $6.6 mln in the same period a year before. The much-improved performance, driven by a sharp increase in revenue linked to growing property sales, ...
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PropertyEU Archive
ULI names new CEO Europe
Joe Montgomery has joined the Urban Land Institute (ULI) as its new Chief Executive for Europe with responsibilities covering the expansion of its services and membership across Europe, and increasing the collaboration between public and private sectors in real estate and city development. He has joined ULI from the UK ...
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PropertyEU Archive
Peakside Capital sells Berlin residential asset
Germany's TAG Immobilien has acquired a residential complex consisting of 612 residential units in Berlin from a company majority-owned by the Peakside Real Estate Fund I, managed by European real estate private equity firm Peakside Capital. The parties have agreed to keep the purchase price confidential.
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PropertyEU Archive
RREEF buys California office for $65m
Deutsche Bank's RREEF investment arm has made a foray into the US property market with the purchase of a fully-leased office building in downtown Palo Alto, California from Embarcadero Capital Partners. The transaction price amounted to $65 mln (EUR 45 mln)
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PropertyEU Archive
JLL's Q1 profit rises to $1.5m
Chicago-based Jones Lang LaSalle (JLL) saw first-quarter earnings surge to $1.5 mln (1 mln) from $0.2 mln in the year-earlier period. Revenue rose 18% year-on-year to $688 mln.
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PropertyEU Archive
LGP unveils plans for warehouse project in Corby
Legal & General Property (LGP) said on Wednesday it has submitted an outline planning application for a new 81,800 m[sup]2[/sup] rail-connected cross-dock distribution warehouse at its 70 acre former Gefco UK Car Storage Site on Geddington Road in Corby, near Birmingham. The project is earmarked for the company's Industrial Property ...
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PropertyEU Archive
London & Stamford bags City office scheme for £75m
London & Stamford Property has exchanged contracts with UBS Triton Property Fund to acquire the One Carter Lane office complex in the City of London for £75 mln (EUR 85 mln), excluding costs.
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PropertyEU Archive
Central London investment soars 34% in Q1 2011
Investment in central London commercial property surged 34% year-on-year to around £2.19 bn (EUR 2.5 bn) in the first quarter of 2011, according to figures from global property consultant Cushman & Wakefield (C&W). The figure compares to £1.63 bn in Q1 2010.
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PropertyEU Archive
Helaba strengthens French real estate business
German lender Helaba sad it is boosting its French real estate activities with the appointment of Rémy Boet to the post of senior director of origination.
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PropertyEU Archive
UK drives resurgence in non-listed fund performance
UK non-listed real estate funds delivered a performance of 14.9% in 2010 contributing significantly to the general upsurge in fortunes for the sector, according to the INREV Annual Index 2010 published on Wednesday.
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PropertyEU Archive
Amstar, Renaissance open Aura mall in Novosibirsk
US real estate investment manager Amstar and local developer Renaissance have celebrated the grand opening of their Aura regional shopping centre in Novosibirsk, Russia.
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PropertyEU Archive
Caisse de dépôt merges property arms into $30b group
Canadian pension fund Caisse de dépôt et placement du Québec said on Tuesday it is merging its shopping centre unit, Ivanhoe Cambridge, and its office and residential subsidiary, SITQ, to create one group with roughly $30 bn (EUR 20 bn) of assets.
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PropertyEU Archive
NPRO granted EUR 1.3b of new credit lines
Norwegian Property (NPRO) said it has received two new credit facilities totalling NOK 10 bn (EUR 1.28 bn) from two consortia of Nordic lenders. In a statement, the Norwegian property company said lenders Nordea Bank Norge and Skandinaviska Enskilda Banken are providing a NOK 5 bn loan with a duration ...
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PropertyEU Archive
Corio names new head of strategy and research
Dutch listed retail specialist Corio has appointed Oedsen Boersma as head of Investment Strategy & Research. He will be responsible for further developing the company’s retail property investment strategy and achieving Corio’s goal of creating ‘favourite meeting places’ - sustainable centres where people meet up, spend their time off, and ...
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PropertyEU Archive
AXA RE appoints new Southern Europe head
AXA Real Estate Investment Managers (AXA Real Estate) has announced the appointment of Pascal Aujoux as head of Property Services Group for Southern Europe. His appointment follows the retirement of Eric Stampfli.
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PropertyEU Archive
Pramerica closes EUR 200m worth of deals
Pramerica Real Estate Investors announced on Tuesday that it has recently carried out over EUR 200 mln worth of transactions across Europe and Latin America. Pramerica, the European real estate arm of US-based Prudential Financial, completed six deals on behalf of investors in its special funds managed by the Munich-based ...
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PropertyEU Archive
JLL: European real estate investment up 32% in Q1
Direct commercial real estate investment volumes in Europe reached EUR 26 bn in the first quarter 2011 (Q1 2011), representing an increase of 32% year-on-year, according to new research from Jones Lang LaSalle (JLL). Successful debt and equity issuance has provided liquidity to the market, which in turn drove cross-border ...
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PropertyEU Archive
DTZ expands into the Baltics
Global real estate services firm DTZ has entered into an affiliate arrangement with Baltic Property Expert (BPE) to offer real estate services to DTZ clients in Estonia, Latvia and Lithuania. The operation, named DTZ Baltic, will begin operating immediately.
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PropertyEU Archive
IVG sells Crystal Défence in Nanterre
DTZ Asset Management has acquired the Crystal Défense office complex in Nanterre, France from Germany's IVG Immobilien for an undisclosed amount. The purchase was made on behalf of an unnamed French institutional investor.
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PropertyEU Archive
Deka buys logistics building in the Netherlands
German open-ended fund manager Deka Immobilien has acquired a logistics building in the Netherlands for EUR 22 mln. The property was sold and leased back by Danish logistics services provider DSV.
