Latest reports – Page 3167
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PropertyEU Archive
GPR 250 Europe gains 7.3%
The GPR 250 Europe index booked a gain of 7.3% in March led by Poland with an increase of 21.6% and Turkey, up 17.2%. All countries booked an increase over the month with the exception of Greece which reported a negative return of 8.6%.
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PropertyEU Archive
Second strongest take-up in City ever: CBRE
Take-up of office space in the City of London in the first quarter was the highest on record since 2000, according to research from CB Richard Ellis (CBRE).
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PropertyEU Archive
EBRD mulls EUR 51m financing for Galeria Burgas development
The European Bank for Reconstruction and Development said that it is considering providing a EUR 51 mln loan to CEE property developer Globe Trade Centre for the development of the Galeria Burgas shopping centre in Bulgaria.
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PropertyEU Archive
IPD Italy books 2.5% return in 2009
Italian commercial property delivered a 1.5% total return over the second half of last year, which contributed to an annual 2.5% return, according to the IPD Italian Bi-Annual Property Index. The second half of the year represents a 40 basis points improvement over the first six months.
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PropertyEU Archive
O Twelve sells industrial estate at 37% above valuation
O Twelve Estates has announced the sale of an industrial estate in Swanley, Kent to an institutional investor for £24.4 mln (EUR 27 mln), reflecting a 6.8% yield.
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PropertyEU Archive
Grainger acquires residential portfolio for EUR 17m
Grainger, the UK's largest specialist quoted residential property company, announced last week that it has acquired PHA for a total of £15.3 mln (EUR 17.2 mln).
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PropertyEU Archive
KGAL buys EUR 78m office project for new Austrian fund
German fund manager KGAL said that it has acquired the LX2 office project in Vienna on behalf of its newly-established Property Class Austria 7 fund. The property, which will offer 15,500 m[sup]2[/sup] of total surface, is located in the centre of the city, directly across the project from the new ...
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PropertyEU Archive
Sweden's Catena pulls out of Norway to focus on home market
Swedish property company Catena said it is retreating from the Norwegian property market with the sale of a portfolio consisting of four commercial properties in the Oslo region. The move is part of the company's strategy to increase its exposure to the Swedish property market.
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PropertyEU Archive
Savills represented Corio in Le Vele deal
Real estate advisor Savills has confirmed it represented retail specialist Corio in the acquisition of Le Vele & Millennium, Cagliari, Sardinia from Schroder European Property Investments for EUR 103 mln.
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PropertyEU Archive
DIC capital increase four times oversubscribed
Listed German real estate firm DIC Asset has announced that its recent rights offer was more than four times oversubscribed. DIC's issued share capital increased from EUR 31 mln to just under EUR 40 mln. The issue proceeds for the company totalled EUR 47 mln.
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PropertyEU Archive
ILG buys Munich retail property for EUR 65m
German investor ILG Fonds said that it has acquired the Landshut Park retail property in the German region of Bayern from Dutch real estate developer Ten Brinke Projectontwikkeling. The transaction amounts to a total of EUR 65 mln, of which EUR 42 mln of equity.
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PropertyEU Archive
Secondary property to suffer from bond yield rises: CBRE
Measures taken to restore public finances are most likely to affect secondary property rather than prime, according to a new report published by CB Richard Ellis.
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News
Santa Barbara County opens separate account search
UNITED STATES - Santa Barbara County Employees Retirement System has approved a Request for Information to hire a discretionary separate account real estate manager.
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News
Ireland’s NAMA takes on property-backed 'bad bank' loans
IRELAND – The Irish government has confirmed its National Asset Management Agency (NAMA), or so-called ‘bad bank’, has started to take €16bn worth of troubled real estate loans on to its books.
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News
Royal Mail Pension ends 27-year run for real estate manager
UK – LaSalle Investment Management is to take over the management of the Royal Mail Pension Plan’s (RMPP) £1.6bn (€1.8bn) UK real estate portfolio, which has been run by Hermes since 1995 and under its previous incarnation PosTel since 1983.
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News
Illinois State to boost real estate holdings by $300m
UNITED STATES - Illinois State Board of Investment has approved plans to invest $300m (€223.1m) in real estate in 2010.
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News
Pension funds maintain German real estate security
GERMANY – Total returns for German real estate declined for the second consecutive year, but pension funds in the country have continued to focus heavily on their domestic market because it “feels safer”, according to a leading pension fund manager.
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PropertyEU Archive
Orco books further losses after writedowns
Orco Property Group reported a net loss of EUR 250.6 mln in 2009 on revenues down 16% at EUR 251 mln. The decline reflected a 12% writedown of the real estate portfolio by EUR 232 mln to EUR 1.81 bn. Over the past two years, Orco has seen ...
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PropertyEU Archive
Tashir buys Europark mall in Moscow for EUR 44m
Russian holding company Tashir has completed the acquisition of the Europark shopping centre on Rublevskoe Highway in Moscow for around $60 mln (EUR 44.5 mln).
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PropertyEU Archive
Cerberus, Whitehall get green light to IPO Berlin resi firm
US private equity firm Cerberus Capital Management and Goldman Sachs' Whitehall vehicle have been given the green light by the Berlin Senate to IPO the GSW residential company.
