Latest reports – Page 3062
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PropertyEU Archive
IGD Siiq's profit doubles in 2010
Italy's listed shopping centre specialist IGD Siiq has seen its profit rise by 54% to nearly EUR 23 mln in the first three quarters of 2010, from EUR 15 mln in the same period a year before. Total revenues remained unchanged at EUR 89 mln over the course of 2010.
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PropertyEU Archive
Resolution Property to expand Galeria Pomorska
European investor Resolution Property is to present its plans during the annual MAPIC retail property fair in Cannes for a major expansion of the Galeria Pomorska Shopping Centre. Resolution acquired the shopping centre in Bydgoszcz, Poland earlier this year through its Resolution Fund III.
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PropertyEU Archive
Batipart cuts stake in Foncière des Régions
Batipart, the holding vehicle of Charles Ruggieri, has sold a significant part of its interest in French real estate investment trust Foncière des Régions (FdR). The buyers are Delfin - the holding company of Italian billionaire Leonardo Del Vecchio – and insurance groups Predica and Assurances du Crédit Mutuel Vie ...
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PropertyEU Archive
Colliers acquires Amsterdam advisory firm
Colliers International has acquired a majority stake in Amsterdam's oldest commercial real estate services firm, Boer Hartog Hooft, growing the Colliers International Dutch operations to 60 professionals. Boer Hartog Hooft will rebrand to Colliers International immediately.
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PropertyEU Archive
Sacyr plans EUR 400m capital increase
Spanish construction group Sacyr Vallehermoso is planning a EUR 400 mln capital increase to boost its finances. The share issue will be priced at EUR 4.5 per share.
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PropertyEU Archive
Deutsche Pfandbriefbank books profit in Q3
Nationalised German real estate lender Deutsche Pfandbriefbank has achieved its first positive quarterly result since Q4 2008 when it almost fell victim to the credit crisis.
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PropertyEU Archive
Hawkpoint appoints JLL veteran as senior adviser
Corporate advisory firm Hawkpoint has appointed Robert Orr as a senior adviser with a specific focus on the real estate sector. He will work closely with Edward Arkus who leads Hawkpoint's real estate practice.
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PropertyEU Archive
Deutsche Pfandbriefbank increases new lending
Deutsche Pfandbriefbank has cautiously increased the pace of its new real estate lending during the course of the first nine months of 2010.
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News
ÆRIUM targets France for first opportunistic strategy
FRANCE – ÆRIUM is seeking to raise €50-60m in third-party equity to invest in prime retail real estate opportunities in France.
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News
Apollo takes over Citi's global real estate funds platform
GLOBAL – Apollo Global Real Estate Management (AGRE) has completed its acquisition of City Property Investors (CPI), the real estate investment management group of Citigroup investment bank.
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News
Real estate portfolio at CalPERS appreciates by 13.5%
GLOBAL – The value of the California Public Employees Retirement System's real estate portfolio to the end of June has increased by $171m (€125m), or 1.1%, from the previous quarter and by more than $1.8bn (13.5%) year on year.
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News
Monday people roundup
GLOBAL – CB Richard Ellis Investors, Invesco Real Estate, Quintain Estates & Development, UNITE, CLS Holdings
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News
US apartment market in early period of recovery, says Pramerica
GLOBAL – The US apartment market is in the early parts of a recovery, according to Pramerica Real Estate Investors.
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News
UK real estate values to fall in 2011, offset by income returns, says Invista
UK – The recovery in capital values in the UK real estate market slowed to a crawl in October and is expected to see a reversal in fortunes over 2011.
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PropertyEU Archive
Redevco buys two properties in Germany
Redevco Germany has purchased two high street retail properties in the centre of Kassel and Bielefeld from an unnamed privately owned company. The Bielefeld property is located at Bahnhofstraße 23 and the property in Kassel at Am Friedrichplatz 19-20. Both properties are fully let to Sinn Leffers and Drogerie Müller.
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PropertyEU Archive
Quintain strengthens fund management team
Quintain Estates & Development has appointed two new fund managers, in line with its strategic objective of doubling funds under management to £2 bn (EUR 2.4 bn) by March 2013. Scott Wilson has been appointed as fund manager focussing on new business opportunities and Michael Donnelly has joined as fund ...
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PropertyEU Archive
Alstria agrees EUR 36m office sale-and-leaseback
Alstria Office, an internally managed German Real Estate Investment Trust (REIT), has agreed to acquire an office complex in Karlsruhe for EUR 36.2 mln. The asset will be leased back by the vendor, Württembergische Lebensversicherung, under a 15-year lease, securing the insurer's commitment to Karlsruhe for the long term.
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PropertyEU Archive
APG set to issue inflation-indexed bonds
APG, the asset management vehicle of pension fund ABP, is close to issuing its first inflation-linked bonds to Dutch housing corporations, according to a report in Dutch financial daily Het Financieele Dagblad.
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PropertyEU Archive
Investors collect funds for Pinnacle: FT
Investors are poised to commit further funds to the 64-storey Pinnacle development in the City of London to ensure that it is ready before rival tower schemes, the Financial Times has reported.
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PropertyEU Archive
Aguirre Newman mandated to manage Vialia Albacete mall
Spanish brokerage group Aguirre Newman said that it has been awarded the management of the newly developed Vialia Albacete shopping centre, owned by the Spanish railway infrastructure management company Adif. The scheme is the eighth commercial centre managed by Aguirre Newman and brings the total size of the shopping centre ...
