Latest reports – Page 3056
-
PropertyEU Archive
Kungsleden divests six properties for EUR 87m
Swedish listed property company Kungsleden is selling six commercial properties for SEK 809 mln (EUR 86.6 mln) to ABB Fastighet. The sales price exceeds book value by SEK 23 mln. The properties are located in Ludvika, north west of Stockholm, and are largely let to ABB. The gross leasable area ...
-
Magazine
A public affair
Amid a more bullish atmosphere at this year’s EXPO Real, INREV’s new chairman, Michael Morgenroth and its new CEO, -Matthias Thomas, stress that the industry still faces big challenges, including the need to engage positively and proactively with the regulators. They speak to Martin Hurst
-
MagazineLife after the crisis
The defining quality of a crisis is change. But there is little analysis on the interpretation of this phenomenon in light of its possible outcome: what changes will the current crisis bring? The scenarios are examined by Xavier Jongen
-
Magazine
All about the details
Insurance companies are holding back on real estate investing because of concerns over Solvency II. Jochen Schenk sets out an alternative approach to risk/return assessment
-
Magazine
Reappraising the mix
The precise nature of Solvency II is still unclear, but views on the potential impact on the property market vary widely, from exciting new opportunities to the apocalyptic. Allocations will come under scrutiny, as Christine Senior reports
-
MagazineEngine of growth
Insurance firms have driven the impressive inflows into German institutional real estate funds in 2009 and early 2010, as Dietmar Fischer finds
-
MagazineRefinement required
The potential implications for real estate markets of Solvency II are significant but the regulators still have work to do to ensure appropriate treatment for the asset class, as David Skinner reports
-
Magazine
Hazards in the road
We often talk of the danger of making assumptions and the regulator’s approach is a case in point. Considerable work is still required, as Michael Englisch and Markus Königstein report
-
Magazine
First things first
Two years into the job, Allianz Real Estate CEO Olivier Piani is still on track to achieve his real estate allocation target in spite of a sticky market. He talks to Martin Hurst about strategic allocation objectives, Solvency II, lending and third-party management
-
PropertyEU Archive
Atrium boosts Q3 results
Atrium European Real Estate booked a pre-tax profit of EUR 120.3 mln for the nine months to end-September compared with a loss of EUR 374.5 mln in the year-earlier period. The strong improvement reflected a 54.4% increase in net cash from operating activities to EUR 70.3 mln and a revaluation ...
-
PropertyEU Archive
APG and CPPIB eye further joint ventures
APG of the Netherlands and Canada Pension Plan Investment Board (CPPIB) may team up again on further European real estate transactions following their EUR 1 bn joint purchase of 50% of the retail component of Westfield Stratford City. The massive mixed-use scheme forms the gateway to the 2012 London Olympic ...
-
PropertyEU Archive
Property values rise in core Western European markets: CBRE
European property values continued to rally during the third quarter of 2010, particularly in core Western Europe, according to the latest European Evaluation Monitor by CB Richard Ellis (CBRE).
-
PropertyEU Archive
LGP fund acquires Tesco's supermarket
Legal & General Property (LGP) has acquired a Tesco supermarket in Newton-le-Willows, Merseyside on behalf of its Limited Price Inflatio Income Property fund. The deal marks the fund’s third acquisition, following the purchase of two Welsh government-let assets, and brings its total investment to over £40 mln, having already ...
-
PropertyEU Archive
Silic raises EUR 175m through bond issue
French business park specialist Silic has raised roughly EUR 175 mln through a six-year convertible bond issue undertaken to improve its financial structure and to help finance its development projects. The bonds, which are convertible in cash or shares, mature on January 1, 2017 and are structured as Ornane bonds, ...
-
PropertyEU Archive
Owners test water for Central London hotel sale
The owners of The Hoxton Hotel, an award winning hotel based in Central London, are exploring the prospect of a sale as per the terms of their original investment agreement. Knight Frank has been appointed to advise the process and expressions of interest are already being received.
-
PropertyEU Archive
Klepierre, Carrefour partner in new retail projects across France
French retail specialist Klépierre Ségécé and Carrefour Property are joining forces to develop several retail projects across France.
-
PropertyEU Archive
Drago teams up with Cerberus to buy 97 Caja Madrid branches
Madrid-based investment firm Drago Capital and an affiliate of Cerberus Capital Management have acquired a real estate portfolio consisting of 97 bank branches from Caja Madrid. The sale-and-leaseback transaction amounts to EUR 96 mln, representing an EUR 80 mln capital gain for the Spanish lender.
-
PropertyEU Archive
Hatfield Philips restructures EUR 481m of loans
Hatfield Philips, the independent primary and special servicer, has announced the restructuring of two loans totalling EUR 481 mln that make up part of Titan Europe 2006-2 mortgage-back security. The EUR 273.4 mln Margaux Portfolio Loan is secured on 526,586 m[sup]2[/sup] of predominantly residential properties across Germany; whilst the EUR ...
-
PropertyEU Archive
ICSC launches European Directive support for retail real estate
National governments must introduce ambitious energy efficiency targets following a major review of the 2002 Energy Performance of Building Directive (EPBD) earlier this year by the European Union. The International Council of Shopping Centers (ICSC) has launched a package of support to help retail asset owners and occupiers influence implementation ...
-
PropertyEU Archive
Ott takes over leadership of German subsidiary
Jean-Francois Ott, founding partner and CEO of Orco Property Group, has been appointed CEO of the group's German listed subsidiary, Orco Germany. The board of directors of Orco Germany announced the appointment on Tuesday. In addition, Nicolas Tommasini, deputy CEO of Orco Property Group, has been appointed deputy CEO of ...
