Latest reports – Page 3164
-
PropertyEU Archive
Westimmo grows lending 13% in 2009
German financier Westimmo reported that its commercial property financing grew to EUR 6.2 bn last year, 13% above the previous year' s result. Only 12.5% of total new business related to loan extensions.
-
PropertyEU Archive
Investors line up for Valdebebas project
The city of Madrid is evaluating offers of over EUR 150 mln for the land and development rights of Parque Valdebebas, one of Spain's largest mixed-use development projects located in the north of the capital.
-
PropertyEU Archive
Mouton takes helm at Hammerson France
London and Paris-listed REIT Hammerson has announced the formal appointment of Jean-Philippe Mouton as managing director of its operations in France.
-
PropertyEU Archive
LaSalle takes possession of EUR 60 mln office development
LaSalle Investment Management has taken possession of the Metris office development in Munich. The property is being contributed to the LaSalle Income & Growth Fund.
-
PropertyEU Archive
PEPR leases 77,500 m[sup]2[/sup] in the Netherlands
Euronext-listed Prologis European Properties (PEPR) has announced the signing of two lease agreements totalling 77,500 m[sup]2[/sup] of distribution space in the Netherlands.
-
News
European real estate could be short of €115bn in refinancing
EUROPE – European real estate debt markets face a refinancing gap of €115bn over the next two years, and many lenders are unlikely to be able to extend loan periods any longer on certain properties, according to DTZ.
-
News
US and European investors reveal different gearing interests
GLOBAL – Appetite for gearing levels in real estate funds has diverged between European institutional investors and those based in the US, according to a multi-manager.
-
News
Spain tops the losses for IPD European returns
EUROPE – Spain experienced its second consecutive year of negative commercial real estate returns in 2009, while Germany and Switzerland remained relatively stable over the same 12-month period, according to Investment Property Databank (IPD).
-
News
BVV PK places real estate activity on ice
GERMANY – The €21bn BVV Pensionskasse for banks has decided it will make no new real estate commitments for the next 12 months, but expects to increase its long-term allocation to the asset class in the future.
-
News
Airport project leaves IVG in the red
GERMANY – German real estate company IVG reported net losses for 2009 of €158m – almost all of which can be attributed to a project near the Frankfurt airport, an IVG-spokesman confirmed to IPE.
-
PropertyEU Archive
Gedeco Avantis sells H2Ocio mall for EUR 84m
Spanish family-owned real estate group Gedeco Avantis has sold the H2Ocio shopping centre in Rivas near Madrid for around EUR 84 mln. Well-informed market sources told PropertyEU that the buyer is Alpha Pyrenees Trust, a closed-end real estate fund focusing on investment in France and Spain. Alpha Pyrenees declined to ...
-
PropertyEU Archive
European prime yields stabilise: CBRE
Prime rents stabilised across Europe during the first three months of 2010, with the majority of markets showing little or no change in any sector, according to CB Richard Ellis's latest EMEA Rent and Yield Indices.
-
PropertyEU Archive
Office letting in Frankfurt hits low in Q1
The total letting performance in Frankfurt in the first quarter of 2010 came to just under 55,000 m[sup]2[/sup] of office space - the second-worst result since 2002, property adviser NAI apollo said on Monday. In the first quarter of 2004, an even lower figure - of 36,500 m[sup]2[/sup] - was ...
-
PropertyEU Archive
NPS, Hines in exclusive talks to buy Sony Center
A joint venture of Korean pension fund NPS and US developer Hines is in exclusive talks to buy Morgan Stanley's Sony Center in Berlin for just over EUR 500 mln, well-informed sources have told PropertyEU.
-
PropertyEU Archive
GOEFs lead race to acquire Realia trophy asset
A number of German open-ended real estate funds, including Deka and Union Investment, are pushing ahead with attempts to buy the Diagonal 640 office building in Barcelona, well-informed market sources told PropertyEU. Madrid-based Realia put the trophy asset on the market in early 2010 through CB Richard Ellis.
-
PropertyEU Archive
Iberdrola sells Barcelona tower for EUR 60m
Spain's Iberdrola Inmobiliaria has sold the Torre Diagonal Litoral office building in Barcelona for EUR 60 mln. An Iberdrola spokesperson told PropertyEU that the buyer is a family-owned business from Valencia.
-
PropertyEU Archive
Baneasa unveils EUR 22m extension plan
Baneasa Developments unveiled a major retail space expansion programme on Monday. The developer of one of the largest shopping areas in the Central and Eastern Europe noted that it is expanding at a time when other developers are scaling back or even stopping investment.
-
PropertyEU Archive
Land Secs acquires O2 Centre in London at 6% yield
UK REIT Land Securities announced on Monday it has completed the off-market purchase of the O2 Centre in London for £126 mln (EUR 143 mln), reflecting a yield of 6%. The investment volume was 27% higher than the vendor, Matterhorn Palos Partnership, paid when it purchased the retail and leisure ...
-
PropertyEU Archive
Fergo Aisa completes EUR 330m debt refinancing
Fergo Aisa, the Spanish real estate developer formerly known as Astroc, said it has reached an agreement with its banks to refinance around EUR 330 mln of debt. In a statement to the Spanish stock market regulator CNMV, the company said that the restructuring was agreed with a consortium of ...
-
News
Currency swing stifles positive return on institutional funds
EUROPE – Institutional European real estate funds on average delivered a negative euro-denominated return of -1.6% in 2009. But there was a huge variance of investment performance among funds over the 12-month period, according to Investment Property Databank (IPD).
