Latest reports – Page 3109
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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.
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PropertyEU Archive
UK market rises 15.4% year-on-year: IPD
The UK commercial property market has completed a full year of capital growth, with markets rising by 15.4% since last August, according to July’s IPD UK Monthly Index.
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PropertyEU Archive
Court gives Karstadt investor more time to finalize takeover
Judges in Essen have extended the deadline for Nicolas Berggruen to finalize the takeover of the insolvent Karstadt department store chain until 3 September, due to ongoing negotiations with creditors. It is the third extension Berggruen Holdings has received.
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PropertyEU Archive
Atrium seeks damages from Meinl
Atrium European Real Estate is suing Austria’s Meinl Bank, the bank’s supervisory board chairman Julius Meinl V, its chief executive, and former managers of Atrium for more than EUR 2bn in damages, the company announced in a press release.
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PropertyEU Archive
Local investors shore up Czech market: DTZ
Investment volume in the Czech Republic increased by 233% in the first half of this year to EUR 215 mln from the same period last year, according to a report by adviser DTZ. Despite the strong growth, DTZ zaid activity was still sluggish in comparison with the period between 2005 ...
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PropertyEU Archive
GTC seals refinancing deal in Romania (RO)
GTC Romania, a subsidiary of Globe Trade Centre S.A. (GTC), has finalized a EUR 80 mln refinancing loan agreement with a consortium of banks including Alpha Bank Group, Bank of Cyprus and Eurobank EFG Group. The refinancing was on behalf of City Gate, GTC´s office project in Bucharest.
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PropertyEU Archive
CEE undergoes uneven retail market recovery: CBRE
Retail investment activity in Central and Eastern Europe (CEE) totalled around EUR 630 mln in the first half (H1) of 2010, a 190% increase compared to the same period last year. CEE retail investment activity remained focussed on Central Europe in H1 2010, with Hungary, Poland, Romania and Russia accounting ...
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PropertyEU Archive
Demand rises in Dutch office market, says Savills
The Dutch office markets of Amsterdam, Rotterdam and Utrecht saw significant demand in H1 2010 with take-up rising 94% in Rotterdam to 89,000 m2, compared to the first half of 2009, Savills reported. The figure represents the highest increase recorded amongst the four largest Dutch agglomerations.
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PropertyEU Archive
C&W team reaches summit of Kilimanjaro
A team of 13 Cushman & Wakefield (C&W) staff representing eight different countries where C&W operates, has succeeded in reaching the summit of Kilimanjaro, Africa in support of Schools Around The World. SATW is the firm's registered charity which helps young people whose opportunities are limited by their domestic, social ...
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PropertyEU Archive
LaSalle to target German-speaking investors
LaSalle Investment Management has announced plans to launch a German regulated investment company or KAG in a bid to gain wider appeal among German, Austrian and Swiss real estate investors.
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News
LaSalle announces plans for KAG in Germany [updated]
GERMANY – LaSalle Investment Management has announced plans to launch a capital investment fund (KAG) in Germany in an effort to better cater to institutional investors in the Germanic region.
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News
F&C shareholders reject fund merger – for now
UK – Fund manager Ignis’ failed attempt to take over F&C's Commercial Property Trust (FCPT) this week is unlikely to halt consolidation in the UK market.
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News
Lifting pension property ban 'would save Polish market'
POLAND – The polish government needs to "get a grip" on its real estate market by lifting the prohibition on pension funds investment, according to Ben Habib, CEO of First Property, the London-listed Polish property investor.
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News
Illinois Teachers allocates $323m of new capital to real estate managers
GLOBAL - The Teachers’ Retirement System of the State of Illinois has awarded new allocations totaling $322.6m ($243.5m euros) to its four existing fund managers.
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News
LA public fund proceeds with real estate debt strategy
GLOBAL – Los Angeles County Employees Retirement Association (LACERA) has sanctioned investment in real estate debt for the first time.
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PropertyEU Archive
Swiss pension fund in second UK acquisition
Swiss pension fund association Afiaa has made its second UK investment with the acquisition of Quartermile 2, a brand-new building in Edinburgh. 'AFIAA is systematically continuing its investment strategy of making anticyclical investments,' the company said.
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PropertyEU Archive
HGI outlet fund raises EUR 140m to expand in Europe
Henderson Global Investors (HGI) announced on Thursday that its EUR 1.4 bn European Outlet Mall Fund (EOMF) is seeking to expand its portfolio through investments in prime designer outlet centres in Continental Europe.
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PropertyEU Archive
Bronapur hires Aguirre Newman to market new Zaragoza mall
Spanish real estate developer Bronapur has mandated Aguirre Newman to market the retail space of the Puerta de Ayud shopping centre project in Calatayud, near Zaragoza, southern Spain. The development, which was designed by architectural firm L35, is being developed by Bronapur and will offer nearly 34,000 m[sup]2[/sup] of retail ...
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PropertyEU Archive
CBRE announces raft of senior appointments
CB Richard Ellis Group has announced that a large number of senior commercial real estate services professionals, mostly in production, have joined the company globally since May 2010. The appointments took place across the property advisor's business in Europe, the US and Asia.
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PropertyEU Archive
H&M takes 1,300m[sup]2[/sup] in Galeria Gniezno
Retail brands H&M, Top Secret, Butik and Kolporter have signed lease agreements in Galeria Gniezno in the Polish city of Gniezno for a total of 1,650 m[sup]2[/sup]. Occupying around 1,300 m2, the H&M store is the first in Gniezno.
