Latest reports – Page 3108
-
PropertyEU Archive
Redevco names new country manager for the Netherlands
European retail property company Redevco said on Wednesday that it has appointed Clemens Brenninkmeijer to the position of country manager of the Netherlands, effective October 1, 2010. He is currently portfolio director at Redevco Turkey.
-
PropertyEU Archive
Hammerson confirms talks with Korea's NPS to sell French mall
UK REIT Hammerson confirmed on Tuesday that it is 'in discussions' regarding the potential sale of 51% of its interest in the O'Parinor shopping centre, Aulnay-Sous-Bois, near Paris, to South Korea's National Pension Service (NPS). The stake is said to be worth around EUR 230 mln.
-
PropertyEU Archive
Immofinanz back in the black after turnaround
Austrian real estate developer Immofinanz swung back to profit in the financial year ending April 30, from a loss of EUR 3.4 bn the previous year following writedowns on assets and development projects. Full-year pretax profit totalled EUR 208 mln, dented by a writedown in the fourth quarter to April ...
-
PropertyEU Archive
European retail property investment up 15% in H1: CBRE
European retail real estate investment turnover amounted to EUR 15.7 bn in the first six months of 2010, a 15% increase on the EUR 13.6 bn reported in H2 2009, according to the latest research from CB Richard Ellis (CBRE).
-
PropertyEU Archive
Many UK markets over-priced according to DTZ's new index
Top-ranked London City offices and West End retail are two of just three hot markets in the UK, according to a new index launched by real estate adviser DTZ on Tuesday. But many UK commercial property markets are over-priced, the adviser warned. In Europe, Paris CBD offices rate as warm, ...
-
PropertyEU Archive
WP Carey finances Panattoni development in Poland
Investment firm WP Carey & Co. has announced that one of its publicly-held, non-traded REIT affiliates has provided build-to-suit financing that will fund 100% of the construction and related development costs for a logistics facility in Poznan, Poland, being developed by Panattoni Europe.
-
PropertyEU Archive
Sveafastigheter, Leimdorfer expand Finnish operations
Swedish private equity firm Sveafastigheter has hired six new employees for its Helsinki office which opened in February this year.
-
PropertyEU Archive
Hamburg-based HIH launches first Belgian fund
Hamburgische Immobilien Handlung (HIH) said on Tuesday that it is bringing its first Belgian closed-end real estate fund to the market. The HIH Global Invest 2003 - Belgium investment vehicle, with a life term of 10 years, has already made its first acquisition with the purchase of an office property ...
-
PropertyEU Archive
Invista REIM strengthens its industrial team
UK listed real estate fund manager Invista Real Estate Investment Management (Invista REIM) has announced the appointment of Tom Gamble and George Dickens to its industrial team as director and associate director respectively.
-
News
LaSalle KAG to tap mid-sized pension funds
GERMANY – The new German capital investment fund (KAG) announced by LaSalle Investment Management last week will tap small and medium-sized pension schemes struggling to adapt to globalisation.
-
News
CEE transactions up, driven by prime retail
EUROPE – Liquidity for larger deals has improved due to greater activity from cross-border investors, according to a CBRE report on European retail.
-
News
Pension schemes shifting toward city centres, says Cushman & Wakefield
EUROPE – European pension schemes are diverting their retail exposure away from shopping centres toward city-centre high streets in search of higher yields generated by active management.
-
News
UK pension fund offloads estate after falling floors undermine asset
UK – The Coal Mineworkers Pension Fund has sold an industrial estate in Poole, Dorset, for £3m (€3.6m) after the floors of the 16-unit asset started sinking.
-
PropertyEU Archive
Cap & Reg closes sale of UK malls for £136m
Co-investing property asset manager Capital & Regional announced on Monday that the Mall fund has completed the sale of four shopping centres to clients of Rockspring Property Investment Managers at a price of £136 mln (EUR 165 mln), reflecting a net initial yield of 7.5%. The assets were sold at ...
-
PropertyEU Archive
IVG swings back to profit in H1 2010
Bonn-based IVG Immobilien swung back to profit in the first half of 2010 with operational results boosted by proceeds from project sales in the development segment. IVG, Germany's largest listed real estate company, said it booked a net profit of EUR 28 mln in the first six months of 2010, ...
-
PropertyEU Archive
Immofinanz to get 55 million shares in settlement with Constantia
Austrian real estate group Immofinanz will receive 55 million of its own shares under revised terms of a previously-agreed settlement with its former affiliate Constantia Packaging regarding the restructuring of a EUR 512 mln bond.
-
PropertyEU Archive
Hypo RE to move toxic assets into bad bank by year-end
Nationalised German lender Hypo Real Estate said last week that it hopes to complete the planned move of around EUR 210 bn of toxic assets into a 'bad bank' during the fourth quarter of the year. In a statement announcing its Q2 financial results, the Munich-based bank also said that ...
-
PropertyEU Archive
Tishman Speyer sells mixed-use building in Stuttgart
US developer and investor Tishman Speyer has sold an office building in central Stuttgart, Southern Germany to Hamburgische Immobilien Handlung (HIH) for a price ranging between EUR 65 - 68 mln. HIH brokered the deal on behalf of a special fund of Warburg - Henderson KAG.
-
PropertyEU Archive
PEPR receives new EUR 50m loan
ProLogis European Properties (PEPR), a leading European owner of modern distribution facilities, has finalised a new EUR 50 mln, three-year, unsecured revolving credit facility jointly arranged by Deutsche Bank, Morgan Stanley Senior Funding and the Royal Bank of Scotland.
-
PropertyEU Archive
Credit Suisse extends freeze on Euroreal open-ended fund
Credit Suisse Asset Management said it is extending the suspension of withdrawals from its EUR 6.2 bn CS Euroreal open-ended investment fund 'to protect the interests of its long-term investors'. The suspension redemption will be initially prolonged 'for a further period of up to nine months', it added.
