Latest reports – Page 3174
-
PropertyEU Archive
Mann Immobilien becomes new major IVG shareholder
Karlsruhe-based Mann Immobilien-Verwaltung has become IVG Immobilien's new major shareholder after acquiring an 18.4% stake in the German fund manager from Solidas 3, the former partners of bank Sal. Oppenheim. IVG said in a statement on Thursday that the transaction is subject to the approval of Germany's antitrust agency.
-
PropertyEU Archive
Liberty sells London store for £41m
MWB's 68%-owned unit, Liberty has exchanged contracts for the sale of the freehold interest in its 125,000 sq ft (11,600 m2) flagship store on Great Marlborough Street, London W1, for £41.5 mln (EUR 46 mln), to Sirosa Liberty. The sale price reflects an initial yield of 4.8%.
-
PropertyEU Archive
Kenmore sees portfolio value fall 9.5% in 2009
Kenmore European Industrial Fund, a Guernsey-registered closed-end investment company focusing on industrial property assets in Western Europe and Scandinavia, said the underlying value of its portfolio fell by 9.58% in 2009 as property values across mainland Europe slid in the wake of the financial crisis.
-
PropertyEU Archive
Wichford German subsidiaries get extension of loan standstill
UK-listed real estate investor Wichford has announced that a loan servicer has agreed to extend the standstill agreement on a EUR 67.50 mln German facility for an additional 60 days.
-
PropertyEU Archive
'Unibail-Rodamco sells Capital 8 to Allianz for EUR 260m'
Franco-Dutch property group Unibail-Rodamco has signed a preliminary agreement with Allianz to sell the Capital 8 office complex at Avenue de Messine in Paris for EUR 260 mln, according to sources close to the deal. The property is fully let to Rothschild and Aforge Finances for around EUR 800 per ...
-
PropertyEU Archive
BNP Paribas Real Estate expands global reach
BNP Paribas Real Estate said it has further expanded its global coverage with alliances in Poland, Switzerland and the US, boosting the number of countries in which it is active to 30.
-
PropertyEU Archive
Dutch cities weigh legal action on Mipim stand rules
The cities of Amsterdam, Rotterdam, The Hague and Utrecht are considering taking Mipim organiser Reed Midem to court over its rules about where non-standholders can do business at the fair.
-
PropertyEU Archive
CBRE targets growth from corporate services in Europe
Consultancy and management services for corporate end-users will be one of the fastest-growing activities for CB Richard Ellis in Europe in the coming years, Michael Strong, president EMEA at CBRE, told PropertyEU in an interview at Mipim.
-
PropertyEU Archive
Mipim 2010 sees improved market confidence
Some 18,000 delegates from 81 countries met for business at the 21st edition of Mipim this week, slightly up on the 17,658 visitors and 79 countries registered in 2009 when the financial crisis hit real estate markets full force. In a sign of improved industry sentiment, the number of investment ...
-
PropertyEU Archive
CBRE, King Sturge act in EUR 330m German industrial deal
CB Richard Ellis (CBRE) has said it advised BGP on the conditional sale of the EUR 330 mln HBI German industrial property portfolio, which was a former joint venture between Australian fund managers GPT and Babcock & Brown. King Sturge advised the purchaser Hansteen Holdings.
-
PropertyEU Archive
AXA REIM to launch three pan-European funds
AXA Real Estate Investment Managers has unveiled plans to launch three new pan-European investment vehicles in an attempt to take advantage of investors' renewed appetite for real estate. The asset manager is raising equity for two opportunistic funds, DV III and Real Estate Alpha Plus, while in the second part ...
-
PropertyEU Archive
Lack of prime shopping centre space to spur development: JLL
Strong retailer demand for prime shopping centres in top locations, particularly in Germany and Italy, could serve as a catalyst to drive the development pipeline across Europe, according to new research released by Jones Lang LaSalle at Mipim in Cannes. The tightening of the supply pipeline during 2009 in the ...
-
PropertyEU Archive
Resolution set to finalise string of European deals
UK-based opportunity fund investor Resolution Property is poised to finalise a string of EUR 50 mln-plus retail real estate transactions across Europe.
-
PropertyEU Archive
Cash-rich P3 wins development contract at Mipim
PointPark Properties (P3) has been awarded a contract to develop a 20,000 m[sup]2[/sup] shed facility in Central Europe for a firm active in the car-making industry after the initial developer approached was unable to raise the requisite financing.
-
PropertyEU Archive
Savills cautious on 2010 after loss-making year in Europe
London-based real estate adviser Savills said losses at its Continental European operations widened to £9.6 mln (EUR 10.6 mln) in 2009 from £7.8 mln in 2008 as the European business was hit by the decline in investment transaction advisory work and restructuring measures. The loss came after a 17% decline ...
-
PropertyEU Archive
SEB chief warns against over-optimism on economic recovery
Investors should diversify their investments as much as possible this year in a bid to reduce risk, despite the scent of economic recovery, SEB Asset Management's Chief Executive Barbara Knoflach warned during a conference at Mipim on Wednesday. 'For real estate an overall economic recovery is good but a couple ...
-
PropertyEU Archive
Orco boss lashes out at red tape in CEE
Red tape is frustrating new development in Central and Eastern Europe (CEE), according to Jean-Francois Ott, CEO of troubled CEE developer Orco Property Group. 'There's an anti-development climate in many cities. But the cities need developers. The construction industry will fall away without developers,' Ott told PropertyEU in an interview ...
-
News
INREV predicts UK institutional investors to tap real estate growth
UK – The total volume of capital invested in real estate by UK institutional investors is set to grow by 20% over the next three years as pension funds increase their allocations to the asset class and move out of underweight positions, according to new a survey.
-
News
Germany and UK at greatest risk from 'problem' loans
EUROPE – Germany and the UK are more exposed to more than the €200bn pool of real estate loans identified by CB Richard Ellis as “problematic” than any other markets in Europe.
-
News
Texas Teachers seeks growth in agriculture
UNITED STATES - Teacher Retirement System has made its first ever investment in agriculture with a $250m (€145.9m) commitment into the AG Real Value Fund, managed by Teay’s River Investments.
