Latest reports – Page 3169
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PropertyEU Archive
Hypo RE reports narrowing losses
Hypo Real Estate, the holding company that owns German lender Deutsche Pfandbriefbank, has reported that its pre-tax losses dropped from EUR 5.3 bn in 2008 to EUR 2.2 bn last year.
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PropertyEU Archive
Alpha to develop major German logistics centre for T.K. Maxx
Alpha Industrial is to develop a major new distribution and product preparation centre for T.K. Maxx at Bergheim next to Cologne, Germany. Maxx operates a total of 269 stores in the UK, Ireland, Germany, and Poland, and is the German arm of TJX Europe, the leading discount fashion and home-ware ...
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PropertyEU Archive
Bank of Scotland names Kaufmann as German RE head
Bank of Scotland has appointed Günter Kaufmann as the new head of Real Estate Germany with effect from 1 January 2010. The bank said that the appointment of Kaufmann marks another step in the integration of Lloyds Banking Group's European Real Estate operations.
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PropertyEU Archive
Land Secs signs 4th international brand for expansion into the UK
Land Securities' independent subsidiary Brand Empire has signed its fourth international brand for expansion into the UK market. Leading Israeli cosmetic company Laline will offer soaps, candles, fragrances, oils, bath accessories and gifts, when it opens its first full range store this summer.
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PropertyEU Archive
Nama to acquire EUR 16b of toxic debt at 47% discount
Ireland's National Asset Management Agency (Nama) announced on Tuesday that is applying an average discount of 47% for the purchase of the first batch of toxic property loans from five of the country's lenders.
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PropertyEU Archive
Henderson sells Leeds Retail Park for 6.15% yield
Henderson Global Investors' Retail Warehouse Fund has sold its Junction 27 Retail Park in the UK city of Leeds to the UK Commercial Property Trust for £56.63 mln (about EUR 63 mln). The sale to the UK's largest UK commercial property investment trust reflects a net initial yield of ...
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PropertyEU Archive
40 viewings as bid deadline for Park Inn Hyde Park looms
Advisory group Christie + Co has announced that there have been close to 40 viewings for the Park Inn Hyde Park in under a month since the property came onto the market. The 188-bedroom hotel, which is being marketed on behalf of the Gresham Hotel Group, has already generated a ...
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PropertyEU Archive
Dark clouds brighten on JLL weather forecast
Rental market conditions continued to be gloomy across Europe but there were some signs of stabilisation, according to Jones Lang LaSalle's latest Office Weather Forecast. The property adviser says it believes the worst rental falls are past in all 27 markets and over half recorded no change in rents in ...
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PropertyEU Archive
ING REIM appoints head of asset management in Finland
ING Real Estate Investment Management (ING REIM) Nordics has announced the appointment of Hans Krig as head of Asset Management Finland.
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PropertyEU Archive
Affine to continue shift towards retail in 2010
French property group Affine will continue to re-balance its office-dominated portfolio with new operations in the retail and retail warehousing sectors this year. Maryse Aulagnon, chairman and CEO of the Affine Group, told PropertyEU in an interview that the decision is part of the company's ongoing efforts to diversify its ...
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News
Ediston sees fresh activity after market downturn
UK – The Ediston Opportunity Fund, which raised capital from pension funds in 2007, has made a number of investments following more than two years of inactivity and is consulting investors on raising more capital.
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News
Norwegian pension fund snaps up new office
NORWAY – Akershus Fylkeskommunale Pensjonskasse (AFKP), a local authority pension fund for the employees of the municipality adjacent to the north and west of Oslo, has acquired a newly-developed office building in Drammen.
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News
Experts warn property derivative market could stagnate
GLOBAL – The head of property derivatives at Royal Bank of Scotland (RBS) - the UK bank which executed Prupim’s £100m (€111m) total return swap deal last year - has warned the nascent sector will not survive unless more real estate investors become more engaged.
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News
German investors return to real estate
GERMANY – The percentage of German institutions investing in real estate has increased four-fold over the last year and the interest in infrastructure has also gone up, a survey by IPE Institutional Investment has found.
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PropertyEU Archive
Aviva Investors raises £80m for investment in nursing homes
Aviva Investors has raised over £80 mln (EUR 90 mln) of fresh equity for its Quercus Healthcare fund in efforts to take advantage of buying opportunities in the market. 'There is a significant appetite from investors for this type of product', Aviva Investors' head of UK real estate Richard Jones ...
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PropertyEU Archive
Major assets for sale in UK market
Northern Irish group William Ewart is trying to sell three shopping centres worth a total of £300 mln (EUR 332 mln) in the UK, well-informed sources told PropertyEU. The Hammersmith Broadway, Fulham Broadway and Victoria Places schemes are located at key transport nodes in central London above Hammersmith, Fulham and ...
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PropertyEU Archive
Pirelli RE unveils extension of Quarree Wandsbek scheme
Milan-listed Pirelli Real Estate said that it has completed the redevelopment of the Quarree Wandsbek shopping centre in Hamburg one year after the start of construction in March 2009. The total investment in the project amounted to around EUR 30 mln, according to the Italian property company.
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PropertyEU Archive
Impregilo to make an offer for Milan's City Life contract
Italy's construction group Impregilo plans to make an offer to buy a 50% interest in the contract to develop the massive City Life development site on the ground of the former trade fair in Milan.
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PropertyEU Archive
Prudential joins Honua to launch bid for Falck area
Troubled Italian property firm Risanamento is in talks with Korean investment firm Honua Group to sell its vast Falck redevelopment site in Milan's Sesto San Giovanni district, well-informed market sources confirmed to PropertyEU. According to Italian papers, the Korean group is partnering with American investor Prudential to launch a EUR ...
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PropertyEU Archive
Orco CEO hits back at minority shareholders
Jean Francois Ott, CEO and chairman of troubled CEE developer Orco Property Group, has slammed a move by minority shareholders to remove him and the company's current board. 'This is very damaging for the company,' he said in a reaction.
