Latest reports – Page 3177
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PropertyEU Archive
'IVG set to dissolve three special funds'
German property group IVG plans to disslove three of its special funds as part of an extensive overhaul of its stable of funds, Ferdinand von Sydow, business manager for IVG Funds, said in an interview with daily newspaper Financial Times Deustchland. 'We are going to sell down three of our ...
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PropertyEU Archive
Corporates aim to cut cost of working by half: survey
Companies emerging from the recession will aim to spend significantly less on corporate real estate, look for growth in headcount without taking on additional office space and intend to deliver real advances in sustainability according to a report released at Mipim by Regus and Unwired Ventures. The report reveals ...
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PropertyEU Archive
London City to benefit first from development finance revival: Savills
London's City office market could be the first to benefit from a move by lenders towards commercial development finance as a lack of new stock is forecast to trigger a potential 8.6% annual rental growth over the next five years, according to real estate adviser Savills. The firm said that ...
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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.
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PropertyEU Archive
Prime yields falling to 'unjustified' levels in the UK
The wall of money hitting the UK market has caused prime yields to fall below pre-Lehman levels, according to Paul Clark, director of investment and asset management at the Crown Estate. 'With the occupier market still weak, it's hard to justify prime pricing,' he said. 'I'm less enthusiastic about the ...
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PropertyEU Archive
Advent International in pole position to acquire Mercator's portfolio
US private equity group Advent International is the frontrunner in a bid to acquire EUR 1 bn worth of property being sold by Slovenian retail chain Mercator, according to reliable sources. Mercator is divesting the assets on a sale-and-leaseback structure, sources say.
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PropertyEU Archive
ING REIM launches EUR 1.5b European shopping centre fund
ING Real Estate Investment Management (ING REIM) has announced the launch of its ING REIM European Shopping Centre Fund to target up to EUR 1.5 bn in dominant shopping centres across Continental Europe.
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PropertyEU Archive
Institutional investors to rethink CEE strategies amid scarcity of product
Institutional investors targeting CEE have so far focused exclusively on good, prime assets in Poland and the Czech Republic, but a forecast lack of product in these markets may soon force investors to turn their attention to other type of products or even other CEE countries. Due to the scarcity ...
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PropertyEU Archive
'Arab capital seeking opportunities in Southeast Europe'
Arab property investors may set their sights on countries in Southeast Europe as opportunities dry up in Germany and the UK and the US also loses its attraction, says Nico Veldhuis, former director of Turkey at Dutch developer Multi who recently set up his own real estate consultancy, Veldhuis & ...
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PropertyEU Archive
Hansteen acquires German industrial portfolio for EUR 330m
UK and Continental European properlty investor Hansteen Holdings has signed a conditional agreement to acquire a German industrial property portfolio from HBI Sarl and HBI Delta Sub Sarl for an effective acquisition cost of around EUR 330 mln. The deal will be financed from around EUR 70 mln in ...
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PropertyEU Archive
IGD Siiq's net profit halves in 2009
Italian listed commercial property company IGD Siiq saw its net profit halve to EUR 20 mln in 2009, primarily due to a decline in the fair value of its real estate portfolio. The figure compares to a profit of EUR 43 mln reported a year before.
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PropertyEU Archive
Multi sells 35% interest in Forum Mersin for EUR 68m
Multi Corporation is selling its 35% interest in the Forum Mersin shopping centre in Turkey to Union Investment for EUR 68 mln, the Dutch developer said on Tuesday. The deal makes Union Investment the 100% owner of the mall, which opened in autumn 2007 and is the dominant retail destination ...
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PropertyEU Archive
Pirelli to spin off real estate arm by end-2010
Italian tyre and industrial group Pirelli has confirmed its plans to focus on its core business and proceed with a spin-off of the real estate arm by the end of the year.
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News
IPE Real Estate’s Top 100 finds Swiss investors favour property
EUROPE – Four Dutch pension funds are among the top 10 institutional real estate investors but Swiss pension funds tend to have the highest allocation to the sector, according to IPE Real Estate’s inaugural Top 100 institutional real estate investors.
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News
German pension funds find a way to tap core US real estate
US/GERMANY – Invesco Real Estate has raised $120m (€87m) from four German institutional investors to invest in core US real estate.
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News
Asian investors eye real estate fund-of-funds
ASIA-PACIFIC – Franklin Templeton Real Estate Advisors (FTREA) has identified a new generation of local real estate managers in Asia Pacific, which the fund of funds manager is currently assessing for its second vehicle targeting the region.
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News
Low carbon property fund to target 'high-quality tenants'
UK – A new 'low carbon' real estate fund is being planned to refurbish 50 properties in the UK into high specification energy efficient space and offer it to tenants at ‘market prices’.
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News
Standard Life snaps up Tesco 'eco' sale-and-leaseback
UK – Standard Life Investments has acquired a Tesco Extra Supermarket in Shrewsbury for its £1.85bn (€2.04bn) Pooled Property Pension Fund.
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News
Columbus changes pension funds' course for value-added real estate
UK – Schroders has raised capital from pension funds for a new value-added real estate fund, bucking the trend for core investment strategies that have predominated over the past two years.
