Latest reports – Page 3176
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PropertyEU Archive
Uneven recovery across Europe defines 'New Normal': JLL
The economies in the EMEA region have turned a corner and are moving out of recession but recovery across the region will be not be uniform or evenly paced, according to Jones Lang LaSalle. During its Media Briefing at Mipim, the property adviser said the economies are not out of ...
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PropertyEU Archive
Uneven recovery across Europe defines 'New Normal': JLL
The economies in the EMEA region have turned a corner and are moving out of recession but recovery across the region will be not be uniform or evenly paced, according to Jones Lang LaSalle. During its Media Briefing at Mipim, the property adviser said the economies are not out of ...
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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 ...
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PropertyEU Archive
Wirral commits to next generation broadband in UK first
Wirral Council in the UK has committed to investing £12 mln i(EUR 13.4 mln) in its IT infrastructure to provide super-fast Next Generation Access (NGA) broadband to businesses throughout the Borough. Wirral is near Liverpool in the northwest of England.
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PropertyEU Archive
Property professionals confident in European market recovery
European property professionals have been severely hit by the crisis but many of them are still confident in the market and anticipate an increase in economic activity in the next months, according to the RICS and Macdonald’s & Company European Remuneration Property Survey, launched at Mipim on Wednesday.
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PropertyEU Archive
Investors still risk-averse and focussed on prime: CBRE
European real estate investors are still averse to risk and focussed on prime product, but less concerned about property pricing, according to the results of a survey of more than 270 European real estate investors by real estate adviser CB Richard Ellis. The findings were launched at the company’s European ...
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PropertyEU Archive
Property professionals confident in European market recovery
European property professionals have been severely hit by the crisis but many of them are still confident in the market and anticipate an increase in economic activity in the next months, according to the RICS and Macdonald’s & Company European Remuneration Property Survey, launched at Mipim on Wednesday.
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PropertyEU Archive
SLI's European fund set to raise EUR 250m of new equity
Standard Life Investments has is re-opening its European Property Growth Fund for investment on the wake of renewed appetite from institutional investors. James Rushworth, fund manager of EPGF, tells PropertyEU in an interview during the Mipim property fair in Cannes that Standard Life is planning the fourth fundraising for the ...
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PropertyEU Archive
Alstria Office focuses on refurbishment
Alstria Office REIT is concentrating on the refurbishment of its office portfolio to achieve further rental growth. 'We built an office portfolio in Germany worth EUR 1.9 bn in just 2 ½ years, but I don't expect to see such acquisition opportunities in the next 12 to 18 months,' CEO ...
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PropertyEU Archive
French green properties set to increase 61% in 2010: Savills
Completions of French office properties certified according to the environmental standard HQE (Haute Qualité Environnementale) will increase by 61% in 2010, representing some 650,000 m2, real estate adviser Savills announced at the Mipim fair in Cannes. This compares to a rise of 27% in 2008 and 44% in 2009.
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PropertyEU Archive
AEW set to launch new European core fund
Investment manager AEW Europe is looking to raise EUR 300 mln of fresh equity for a new fund targeting core properties across Europe. Christian Delaire, Chief Executive of AEW, told PropertyEU in an interview that the group is ‘pre-marketing’ the new vehicle among European, US and Asian institutions, with the ...
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PropertyEU Archive
Opportunity funds raise EUR 12b globally in H2 2009: survey
Equity-raising by opportunistic real estate funds jumped to $17 bn (EUR 12.4 bn) globally in the second half of 2009, but the final capital closes for 26 nonlisted vehicles came only after very extended marketing periods, according to the latest research from Clerestory Capital published on Tuesday. There was also ...
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PropertyEU Archive
Legal & General Property buys London asset for EUR 63m
Legal & General Property, on behalf of its Managed Fund, said it has purchased the freehold interest in 26 Red Lion Square, London, for around £57 mln (EUR 62.7 mln)from a client of real estate adviser Savills. The purchase price reflects a net initial yield of 8.12%.
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PropertyEU Archive
Amundi RE aims to double French market share in 5 years
Amundi Real Estate, the EUR 5.2 bn property investment company created in January this year from the merger of the asset management arms of Credit Societe Generale and Credit Agricole, intends to become the leading player in the private client market in France and grow internationally.
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PropertyEU Archive
Legal & General, Mitsubishi showcase Piano-designed building at Mipim
Legal & General Property and Mitsubishi Estate Company (MEC) have chosen MIPIM for the European launch of their central London office-led development Central Saint Giles. Designed by world-renowned architect Renzo Piano, it will be his first completed building in the UK and is scheduled to complete at the end of ...
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PropertyEU Archive
Industrial occupier markets set for recovery: King Sturge
Industrial property performance is set to improve in 2010 with Central and Eastern Europe leading the way, according to Tim Johnson, head of industrial and logistics at King Sturge. 'It will be a bumpy ride again this year but the CEE market is showing a pick-up in levels of activity ...
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PropertyEU Archive
JLL Netherlands raises EUR 17m from first 'combined' auction
Jones Lang LaSalle Netherlands said it raised around EUR 17 mln from its first 'combined' commercial property auction, whereby investors were able to bid in person as well as online and via telephone. The auction attracted 'forced' and regular sales from investors who opted for the auction room is the ...
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PropertyEU Archive
Hotel market sees investors return in 2010: BNP Paribas RE
The European hotel sector faces a challenging year in 2010, but hotel transactions should increase due to improved economic conditions, an increased flow of distressed assets coming to the market and growing investor confidence, according to the latest research carried out by BNP Paribas Real Estate into the UK and ...
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PropertyEU Archive
Luxembourg to see over 20% office rental growth: Savills
Office rental growth in Luxembourg will exceed 20% by year-end 2010 with London's City and West End set for over 10% growth, according to new research released at Mipim in Cannes by real estate adviser Savills. Istanbul and Prague will see office rents increase by around 8% and 5% respectively.
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PropertyEU Archive
Poland to see revival in retail investment in 2010: Savills
Poland will see a revival in retail investment this year as the sector is set to become one of Europe's 2010 investment hot spots, according to real estate adviser Savills. The firm is forecasting a tripling in volume of investment activity in 2010 compared to 2009.
