Latest reports – Page 3024
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PropertyEU Archive
CBRE sees double-digit profit and revenue growth
CB Richard Ellis Group, the world's leading real estate services company, said fourth-quarter adjusted profit rose 34% to $115.4 mln (EUR 84.9 mln) on revenue 27% higher at $1.65 bn. The better-than-expected performance lifted full-year profit, excluding selected charges, by 118% to $239.8 mln. Revenue increased 23% over the year ...
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PropertyEU Archive
Vastned Offices and NSI open merger talks
Amsterdam-listed real estate companies VastNed Offices/Industrial (VNOI) and Nieuwe Steen Investments (NSI) have formally begun merger negotiations. The talks come after the completion of a due-diligence procedure.
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PropertyEU Archive
European listed property books slight loss in January
European listed real estate as represented in the GPR 250 Europe Index ended January 1.3% higher. The returns for the individual European country indices were as follows:
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PropertyEU Archive
Korea's NPS shifts to debt and higher risk
South Korea's National Pension Service (NPS) is planning to spend $1.5 bn (EUR 1.12 bn) in core-plus and opportunistic investments this year in a major shift of its strategy to higher risk acquisitions.
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PropertyEU Archive
Berlin Hyp finances Atrium purchase of Promenada mall
Berlin Hyp has provided EUR 105 mln financing to Atrium European Real Estate for the acquisition of Promenada shopping centre in Warsaw. The loan terms are for five years.
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PropertyEU Archive
Amundi fund buys 18,000-m[sup]2[/sup] scheme in Lyon
French real estate investment manager Amundi Immobilier has confirmed the acquisition of an office complex in the ninth arrondissement of Lyon, France's second largest city, for an undisclosed amount. The property is earmarked for a SCPI investment vehicle managed by Amundi.
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PropertyEU Archive
Strabag and ECE win tender to build Cologne project
The City of Cologne has selected a partnership of Austria's Strabag Real Estate and Germany's ECE Projektmanagement to develop the MesseCity project on a 54,000-m[sup]2[/sup] site between the Messe-Deutz railway station and the south entrance of the Cologne fair.
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PropertyEU Archive
Natixis' Captiva fund buys 12,500-m[sup]2[/sup] logistics platform
Buss Group's real estate development arm Ixocon has sold a logistics facility in Winsen-Luhdorf, northern Germany to the Natixis Capital Partners' Funds Captiva Capital Partners III. The financial details were not disclosed.
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PropertyEU Archive
2011 will not be 'turnaround year', Emerging Trends report warns
Tougher regulations, austerity programmes, the sovereign debt crisis, and a still-tight lending market will challenge Europe's real estate industry in 2011, according to Emerging Trends in Real Estate 2011, published by PwC and the Urban Land Institute (ULI).
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PropertyEU Archive
Jones Lang LaSalle to participate at ULI conference in Paris
Jones Lang LaSalle will have a strong presence at the Urban Land Institute's (ULI) annual Europe conference to be held in Paris on 8 and 9 February 2011. Commenting on the firm's involvement at the conference, Shelley Frost, director corporate solutions at Jones Lang LaSalle, said: 'Now in its 15th ...
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PropertyEU Archive
Savills recruits in Munich
International real estate advisor Savills has recruited Frank Urfer as director and Dennis Fucek as a senior consultant in its Munich investment department. Both started with Savills in January 2011.
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PropertyEU Archive
UK property delivers 15.2% total return in 2010: IPD
UK commercial property delivered investors a 15.2% annual total return in 2010, according to the IPD UK Quarterly Property Index, in a year marked by polarised performance across geography and sector.
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PropertyEU Archive
CBREI sees more appetite for European deals
CBRE Investors sees appetite to invest in 'interesting opportunities' in Europe within its investor base, Jean Lamothe, CBRE Investors' new president for Europe has told PropertyEU Magazine.
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PropertyEU Archive
Gernan market bouyed by investment optimism: King Sturge
German real estate market players are facing the new year with plenty of optimism, according to King Sturge. Although sentiment in the industry had suffered a slight damper toward the end of last year, the survey-based Real Estate Climate of the monthly King Sturge Real Estate Economy Index returned a ...
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News
Dutch pension provider PGGM scouts China for infrastructure deals
Henk Huizing, head of infrastructure for the €103bn pension provider, tours China on a fact-finding mission to scout assets.
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News
Real estate markets will become landlord-friendly in 2011 – JLL
Global real estate transactions to increase as markets move in favour of landlords.
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News
Secondary trading portal moves into continental Europe
Property Match facilitates trades outside UK for first time.
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News
Investors keen to go green, but lack evaluation criteria
Three-quarters of investors in Germany, France and UK question clarity of evaluation criteria.
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PropertyEU Archive
Irish developer wins legal battle with NAMA over loans
Irish developer Paddy McKillen has won a legal challenge to stop the country's bad bank structure, National Asset Management Agency (NAMA), taking control of EUR 2.1 bn in loans, Irish media reported on Thursday. The Supreme Court overturned an earlier ruling that NAMA could acquire the loans owed by the ...
