Latest reports – Page 3084
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News
APREA study urges pension funds to boost real estate allocations
GLOBAL – Asian pension funds are being urged by a new report to follow the lead of their US and European counterparts by allocating more to real estate.
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PropertyEU Archive
Barcelona popular with investors: city council chief
Barcelona is popular with foreign investors despite the economic crisis, Mateu Hernandéz, CEO of Barcelona City Council Economic Promotion, said in an interview with PropertyEU at EXPO REAL. The best example of this is the recent purchase by Deka of a large office building in the financial heart of the ...
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PropertyEU Archive
‘Development lending set to resume in CEE’
Banks are starting to provide development debt again for logistics projects in Poland and the Czech Republic, according to Robert Dobrzycki, head of Central and Eastern Europe of Panattoni Europe. ‘Development lending is starting to come back, especially for non speculative projects, with a pre-leased ratio of 50-60%,’he told PropertyEU ...
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PropertyEU Archive
Sonae Sierra: nearly 50% German shopping centres need revamp
No less than 48% of all German shopping centres are in need of revitalisation, according to a survey by Portuguese shopping centre specialist Sonae Sierra and German market research firm GMA. The joint survey ‘Shopping centre revitalisations in Germany’ looked at a total of 414 centres in Germany and found ...
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PropertyEU Archive
Stam Europe shops in Nanterre, plans fund close by year-end
French fund manager Stam Europe has acquired a 12,000 m[sup]2[/sup] office building in Nanterre in the first arrondissement of Paris from HSBC bank. The investment price amounted to EUR 45 mln. ‘We are going to restructure the vacant property and start the leasing activity. We think that this is an ...
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PropertyEU Archive
Hypo RE offloads EUR173b of bad assets
Nationalised real estate lender Hypo Real Estate Group (HRE) has transferred troubled assets worth around EUR 173 bn to a government-guaranteed ‘bad bank’, FMS Wertmanagement, the German government’s federal bank rescue fund said on Monday.
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PropertyEU Archive
London dominates global property market - CBRE
London accounted for 27% of all cross-regional investment transactions during 2009 and the first half of 2010, according to new research by property broker CB Richard Ellis. The new study explores the degree to which investors making direct commercial real estate investments outside their domestic markets gravitate towards the largest, ...
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PropertyEU Archive
Gulf between winners and losers grows: RICS survey
The gulf between commercial property market winners and losers is growing. There is an increasing preference for the emerging markets of Asia and Latin America. In Europe, Germany is in a positive position, according to a preview of the RICS' Global Commercial Property Survey which will be published at ...
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PropertyEU Archive
Europrestim shops in Ile-de-France
Europrestim Management said it has completed EUR 30 mln worth of acquisitions in the Ile-de-France region on behalf of two managed investment firms. The French company has acquired two fully-let office and retail buildings in Paris from listed commercial property group Gecina for a total of EUR 18 mln.
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PropertyEU Archive
Corio lays groundwork to grow in Germany
Shopping centre specialist Corio intends to grow its portfolio in the ‘stable’ German market but the process will take time, CEO Gerard Groener told PropertyEU at EXPO REAL in Munich. The Amsterdam-listed company has already received offers to add assets to its newly established platform there following the EUR 1.3 ...
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PropertyEU Archive
German property market sentiment up on economic recovery - King Sturge
The upturn in the German economy has boosted the sentiment in the country’s real estate industry, real estate consultancy King Sturge said on Monday. The poll-based Real Estate Climate of the monthly King Sturge Real Estate Economy Index rose by 5.1% to 126.3 index points in September, from 120.2 the ...
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PropertyEU Archive
WGF set to launch new KAG unit
German real estate and finance group WGF submitted a request on Monday to set up a new fund management KAG unit which will allow it to launch a wide range of special funds (spezialfonds) for institutional investors from next year. ‘We expect to get the approval from the German Federal ...
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PropertyEU Archive
Weaker H1 demand for Italian property funds: Assogestioni
The first six months of 2010 saw weaker investor demand for the Italian real estate funds, with total net inflows plunging by over 40% year-on-year to EUR 328 mln, according to the latest research released by the Italian association of real estate fund managers, Assogestione.
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PropertyEU Archive
German office market faces yield compression - Savills
The German office property market is facing yield compression as the yield gap between prime and secondary office segments widens, property adviser Savills said on Monday. The average yield gap between prime and secondary European office property now stands at 100 basis points, comparable to levels recorded 10 years ago, ...
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PropertyEU Archive
Benson Elliot, Eurohypo in EUR 70m hotel refinancing deal
Property investor Benson Elliot Capital Management said on Monday it had agreed with German property bank Eurohypo on the refinancing of the Deutsch-Japanisches Center in Duesseldorf, incorporating the 5-star Nikko Hotel, almost two years ahead of its scheduled maturity. Benson Elliot said the EUR 70 mln transaction represents one ...
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PropertyEU Archive
Russia´s JSC Inteco sets sights on other European markets
Russian investor and developer JSC Inteco is setting its sights on growth outside its home market, vice president Oleg Soloshchansky told PropertyEU at EXPO REAL. In addition to developing housing in its home market - which is characterised by a chronic shortage of housing against a backdrop of out-of-date equipment ...
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PropertyEU Archive
Tag takes over EUR 2.2 bn property manager
Hamburg-based Tag Immobilien has taken over HSH Real Estate's 49% shareholding in their Larus Asset Management joint venture. The financial details of the transaction were not disclosed.
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PropertyEU Archive
Poland ‘top of list’ for investors looking for deals in CEE
Investors who are testing the waters again in Central and Eastern Europe are looking at Poland first, Jaroslaw Wnuk, head of investment at King Sturge in Warsaw, said at EXPO REAL
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PropertyEU Archive
Redevco buys EUR 44mln Budapest retail property from ING RE
Redevco said on Monday it had acquired a 6,250 m[sup]2[/sup] prime retail property in the heart of Budapest’s city centre from ING Real Estate Development for EUR 44mln. The property is located at 1 Vörösmarty Square, Budapest’s main square in the city’s prime retail district.
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PropertyEU Archive
Allianz eyes more discounter deals in France and Italy
German insurer Allianz is keen to expand in the retail discounter market, CEO Olivier Piani told PropertyEU on the first day of EXPO REAL in Munich. ‘It was our goal to expand in German retail,’ he said, referring to Allianz’ recent purchase of 80 retail assets from Aldi Sud for ...
