Latest reports – Page 2997
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PropertyEU Archive
IVG posts strong 2010 results after turnaround
IVG Immobilien posted a profit of over EUR 23 mln in 2010, returning to positive territory after two years of losses. Germany's largest property company by market capitalisation said that the result confirms 'not only a stabilisation of real estate markets but also the success of the operative and financial ...
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PropertyEU Archive
UK to lift barriers on REIT regime
Proposals announced by Chancellor George Osborne to simplify the UK's Real Estate Investment Trust (REIT) regime go beyond 'the most optimistic' prospects that the industry could have predicted, according to the British Property Federation (BPF).
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PropertyEU Archive
Plaza Centers back into the black
Central and Eastern European retail specialist Plaza Centers swung into the black in 2010 with a profit of EUR 10 mln after a loss of EUR 65 mln in 2009. The positive result was mostly due to an increase in income derived from the operation of recently-opened assets and investments ...
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PropertyEU Archive
JLL names new head of Tenant Representation in Romania
Jones Lang LaSalle (JLL) said that it has appointed Lori Collin to the position of head of Tenant Representation in Romania. Collin joined JLL in January 2008 as senior consultant of the local staff, with responsibility for important corporate accounts such as Microsoft, MasterCard, Cisco, Merck Sharp & Dohme, Intel, ...
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PropertyEU Archive
French commercial property returns to capital growth
French commercial real estate values rebounded at a faster rate over the second half of 2010, at 2.8%, an increase of 110 basis points on H1, according to the IPD France Bi-Annual Property Index.
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PropertyEU Archive
Barclays sells $586m loan portfolio
UK bank Barclays has agreed to sell a portfolio of real estate loans to property investment trust CreXus for $586 mln (EUR 414 mln), as part of the bank's plans to divest non-core property assets. The acquisition is expected to close during mid-April 2011.
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PropertyEU Archive
Hammerson invests £277m in UK retail assets
UK REIT Hammerson has acquired a portfolio of six retail assets from St. Martins Property Investments for £208 mln (EUR 240 mln). Hammerson's initial commitment, including transaction costs, is £221 mln.
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PropertyEU Archive
C&W adds three new partners to retail team
Cushman & Wakefield has recruited three new partners for its Southern UK retail agency team. Tony Edwards, Simon Wild and Chris Parfitt have joined C&W's UK offices to help consolidate the broker's position in the retail sector.
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PropertyEU Archive
Demand for Central London office space grows in Q1
Total occupier demand for London office space increased by 6% in the first quarter of the year, reversing the trend in 2010, accordingly to preliminary figures issued by real estate advisory firm Jones Lang LaSalle.
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PropertyEU Archive
Almacantar buys London's Centre Point for £120m
Almacantar has exchanged contracts to buy the Centre Point tower in London's West End for around £120 mln (EUR 138 mln), well-informed market sources have told PropertyEU.
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PropertyEU Archive
Etalon goes public to fund acquisitions
Russian real estate developer Etalon Group has announced plans to launch an Initial Public Offering on the Main Market of the London stock exchange in an effort to fund new acquisitions and to finance existing projects.
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PropertyEU Archive
Savills doubles Paris office agency team
International real estate advisor Savills has strengthened its French office agency department with the appointments of Serge Vayer, Christophe de Cambourg and Grégoire Lembo. The appointments are part of an ongoing department expansion strategy which has seen the team double over the past 12 months, and includes the recruitment of ...
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PropertyEU Archive
Episo links up with Addington to buy 3 UK malls out of administration
European Property Investors Special Opportunities (EPISO), a fund co-advised by AEW Europe and Tristan Capital Partners, has partnered with Addington Capital to complete the purchase of the Sapphire Retail Portfolio in the UK for £145 mln (EUR 167 mln), representing a net initial yield of 7.75%.
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PropertyEU Archive
LSR signs financing partnership with North-West Bank
Russian developer LSR Group said this week that it has signed a 'strategic partnership agreement' with North-West Bank, part of the Sberbank Group, which envisages the provision of new debt facilities to finance LSR Group's major development projects.
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PropertyEU Archive
Area buys 30% of X-Leisure fund
New York-based asset manager Area Property Partners has bought 30% of the X- Leisure fund from Britain's largest pension fund, BT Pension Scheme and Hermes Real Estate for a price said to be around £65 mln (EUR 75 mln). X-Leisure was created by Capital & Regional and Hermes RE in ...
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PropertyEU Archive
Punch Taverns in major sell-off
UK pub operator Punch Taverns announced plans on Tuesday to sell off half of its nearly 6,000 leased pubs and split its business in two as part of a major strategic review launched in October last year.
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PropertyEU Archive
Warburg-Henderson to invest EUR 700m in 2011
Warburg-Henderson, a joint venture between Henderson Global Investors and German private bank M.M.Warburg & Co, plans to focus on core plus investments in Germany and France this year, with the aim of acquiring around EUR 700 mln worth of assets.
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PropertyEU Archive
BNP Paribas Fortis sells Cluster Chambon in Bruxelles
BNP Paribas Fortis has confirmed the sale of the historic headquarters of savings and pension group CGER (Caisse générale d'épargne et de retraite) in Brussels to Allfin Group in the city's largest real estate redevelopment transaction of the past five years. The companies agreed to keep the financial details confidential.
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PropertyEU Archive
Aberdeen to manage EUR 300m distressed portfolio
Provinsfastigheter has appointed Aberdeen Asset Management to manage a Danish-owned property portfolio in Sweden valued at EUR 300 mln.
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PropertyEU Archive
OVG, MAB seek buyer for Rotterdam project
Dutch developers OVG and MAB are reportedly seeking to sell the 160,000 m[sup]2[/sup] De Rotterdam mixed-use project on the waterfront in Rotterdam. The office section of the scheme, also known as Vertical City, will cover 72,000 m[sup]2[/sup] and is valued roughly at around EUR 200 mln.
