Latest reports – Page 3145
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PropertyEU Archive
Matthias Thomas named new CEO at INREV
Matthias Thomas has been appointed as the new CEO of INREV, the European association for investors in non-listed real estate funds. He will take up the position in August 2010.
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PropertyEU Archive
DTZ IM buys Cobalt portfolio for EUR 109m
DTZ Investment Management (DTZ IM) has purchased a £93.5 mln (EUR 109 mln) portfolio from Wellcome Trust, comprising nine prime retail, industrial and office properties for a net yield of 6.1%.
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PropertyEU Archive
SEB AM slams proposed GOEF changes
Frankfurt-based SEB Asset Management has strongly criticised proposed amendments to the open-ended real estate fund system put forward by the German Ministry of Finance.
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PropertyEU Archive
ULI Masterclass explores Olympic legacy
The annual Urban Land Institute/PropertyEU Masterclass at the Provada property fair in Amsterdam next month will explore the role of hosting major international events like the Olympic Games in attracting public and private investment for urban development after the crisis.
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PropertyEU Archive
Koreans acquire Sony Center in Berlin
The South Korean national pension service (NPS) has carried out its first acquisition on Continental Europe with the purchase of the Sony Center complex located at Potsdamer Platz in Berlin.
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News
Gulf states have ‘too much supply, too little cash’ – Moody’s
MIDDLE EAST – Rating agency Moody’s today blamed oversupply and lack of property finance for an 18-month negative outlook for real estate markets in Gulf Cooperation Council (GCC) states.
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News
Smith takes over at Aberdeen as Blacklund retires
GLOBAL – Aberdeen Asset Management has appointed Andrew Smith as group head of property.
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News
Retailers seek prime as shoppers hold back
EUROPE – European shoppers could take two years to catch up with the global economic recovery, according to CB Richard Ellis.
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News
LPFA could start wave of investment in UK housing
UK – The £3.5bn (€4bn) London Pension Fund Authority (LPFA) could be the first in a number of UK pension funds investing in the residential real estate sector.
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MagazineGridlock holds the key
The need to deleverage has reopened a window of opportunity for mezzanine capital providers, as Charles Graham reports
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MagazineIntelligent finance
Using a combination of tactical and strategic debt could be the best way forward in light of recent market turbulence. Robert Davis reports
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PropertyEU Archive
Bank of Albania buys Dajti hotel for EUR 30m
The Albanian government has sold the landmark Dajti Hotel in the capital Tirana to the country's central bank for around EUR 30 mln. The property was designed by an Italian architect during the occupation of Albania by Italy's fascist regime in the early 1940s.
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PropertyEU Archive
State Street appointed administrator for Norway's property drive
Norway's Central bank has appointed State Street to provide fund administration services for the real estate portion of the country's pension fund.
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PropertyEU Archive
Sonae Sierra to manage Pradera's Militari mall
Sonae Sierra has concluded an agreement with Pradera to become the property manager for the 3,600-m[sup]2[/sup] Carrefour Militari commercial gallery in Bucharest. The Portuguese shopping centre specialist will provide full management services to the shopping gallery from July 2010.
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PropertyEU Archive
Credit Suisse suspends withdrawals from Euroreal
Credit Suisse has suspended withdrawals from its CS Euroreal fund for three months after proposed changes to the way German open-ended funds are regulated threw the market back into chaos, prompting a run on funds.
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PropertyEU Archive
Activum SG buys MediaMarkt site from Orco
Activum SG, a European real estate investor and manager, has acquired a 5,500-m[sup]2[/sup] retail site leased to MediaMarkt in Cologne from troubled property group Orco.
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PropertyEU Archive
GTC agrees sale of two prime offices in Warsaw
Globe Trade Centre (GTC) has signed a letter of intent with an international investor for the sale of its two flagship office buildings in Warsaw. The transaction price of EUR 88 mln reflects a yield of 7-7.2%.
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PropertyEU Archive
Fashion House Development completes Moscow deal
Outlet centre specialist Fashion House Development (FHD) has expanded its activities in Russia with the acquisition of a site in Moscow and the completion of its second site in St Petersburg.
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PropertyEU Archive
Fabege sells residential hotel in Solna
Listed real estate firm Fabege has divested its Hallen 6 residential hotel in Solna, Sweden to Chinax Group for SEK 110 mln (EUR 11 mln). 'The divestment is a further step towards the streamlining of our portfolio,' said Christian Hermelin, CEO of Fabege.
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PropertyEU Archive
German proposals cast cloud over CEE investment: CBRE
Central Europe may be in for a tough ride if the German federal government's proposed changes to the country's investment law get the green light in June, according to Pavel Schanka, head of CEE Capital Markets at CBRE.
