Latest reports – Page 3194
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PropertyEU Archive
UK commercial property sees yields stabilise
Prime yields for UK commercial property stabilised in January, dropping just 7 basis points, the smallest monthly fall since May 2009, according to Cushman & Wakefield’s January Business briefing on the UK property investment market. The slowdown takes the all-sector average to 6.02%. Renewed falls of the scale seen last ...
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PropertyEU Archive
Allianz snaps up k3 office project in Hungary
Hungarian real estate developer Wing has sold the k3 green office building in Budapest to German investor Allianz, a Wing spokesperson confirmed to PropertyEU on Thursday. Allianz plans to use the complex with 17,400 m[sup]2[/sup] of office space as its new head office in Hungary.
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PropertyEU Archive
PEPR cautious on outlook after 'year of deleveraging' in 2009
Prologis European Properties (PEPR) said EPRA earnings fell 18.8% to EUR 103.6 mln in 2009 from EUR 127.7 mln in 2008, due to a EUR 26.9 mln decline in rental income and the EUR 10 mln early termination of CMBS interest rate swaps. The decrease was partially offset by lower ...
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PropertyEU Archive
Pramerica freezes TMW Weltfonds for the second time
Pramerica Real Estate Investors, the property arm of Prudential Financial, said that it has halted redemptions from its TMW Immobilien Weltfonds vehicle following unusually heavy redemptions. 'The management of the fund has decided on the basis of no longer sufficient liquidity, and in order to protect the investors, to close ...
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PropertyEU Archive
Poste Italiane to sell EUR 50m Milan office
Poste Italiane, the Italian postal services group, has put its Milan headquarters up for sale. The minimum bid for the historical building in the centre of Milan is EUR 50 mln, the state-owned group said, with the bidding process planned to close on March 25.
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PropertyEU Archive
C&W forecasts recovery of European markets
Cushman & Wakefield is forecasting a slow recovery in European property markets this year on the back of positive GDP growth in most economies. 'Momentum may slow in the second half of the year as the cyclical impact of restocking fades, but, for now at least, a double-dip recession ...
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PropertyEU Archive
Sporadic signs of recovery in CEE: JLL
There are early but sporadic signs of recovery in the markets of Central and Eastern Europe, according to Jones Lang LaSalle's report CEE City Reports Q4 2009.
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PropertyEU Archive
Lot size and deal velocity drive market recovery
Growth in European commercial real estate investment turnover is being driven both by a notable increase in the size of transactions and a sharp rise in the number of transactions being completed, according to a forthcoming report by CB Richard Ellis. The number of transactions completed in Q4 2009 rose ...
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PropertyEU Archive
Ciloger to focus on retail in 2010
French fund manager Ciloger says it intends to focus on retail property this year in particular through partnerships with corporates seeking to divest their real estate. In 2009, the company concentrated on residential assets with a total of EUR 358 mln being spent in housing over the course of the ...
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PropertyEU Archive
Unibail-Rodamco steps up mall renovation programme
Unibail-Rodamco has stepped up its renovation programme of its 'jumbo' shopping malls. Speaking during a conference call on the company's 2009 results, CEO Guillaume Poitrinal said the global economic crisis has made the renovation programme more urgent than ever. 'And the crisis makes it easier in the sense that it ...
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PropertyEU Archive
Klépierre plans fresh acquisitions in 2010
Retail specialist Klépierre is planning to spend between EUR 500-800 mln on new acquisitions this year and to divest between EUR 250-400 mln as part of its ongoing asset disposal programme. The Paris-listed company made the announcement at the presentation of its 2009 earnings figures after bourse on Tuesday.
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PropertyEU Archive
Aigo Capital Partners buys 22,000 m[sup]2[/sup] in France
Aigo Capital Partners, a French investment fund created by Vietnamese businessman Quoc-Giao Tran, has acquired two office schemes with 22,000 m[sup]2[/sup] of total space in Montrouge and Morangis, France from Banque Populaire Rives de Paris. The financial details of this transaction were not disclosed.
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PropertyEU Archive
Strong investor appetite for Bouwfonds European Residential Fund
Management of the Bouwfonds European Residential Fund has introduced a reservation system in the wake of strong investor appetite from primarily institutional investors. The fund manager had already increased its acquisition pipeline and introduced a waiting list for amounts above EUR 5 mln after total inflows far exceeded expectations in ...
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PropertyEU Archive
Pramerica to focus on the ‘big three’ in 2010
Georg Hammerstein, CIO of Pramerica real estate investors, plans to target The ‘Big Three’ markets in the coming year: the UK, France and Germany. Each of these countries has reasonable GDP growth expectations, strong liquidity and large economies, he said in an interview with PropertyEU magazine.
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PropertyEU Archive
Plaza Centers in US joint venture
Plaza Centers has announced that, Elbit Plaza USA, a new real estate investment joint venture with its parent company, Elbit Imaging, has entered into a framework and co-investment agreement with Eastgate Property to take advantage of real estate opportunities in the US. The new fund will primarily focus on the ...
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PropertyEU Archive
Emerging Trends: caution and uncertainty reign in 2010
The outlook for the European real estate industry in 2010 can be characterised as one of cautious optimism coupled with uncertainty, said John Forbes, real estate industry leader EMEA at PricewaterhouseCoopers and co-author of the annual Emerging Trends in Europe report published in partnership with the Urban Land Institute.
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PropertyEU Archive
CEE retail investment accelerates in H2 2009: CBRE
The retail investment market in Central & Eastern Europe (CEE) picked up significantly in the second half (H2) of 2009 with turnover rising to EUR 650 mln. This brings total retail investment over the full year to EUR 760 mln, according to new research by CB Richard Ellis.
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PropertyEU Archive
Fabege sells property in Stockholm
Swedish property company Fabege has sold its Harpan 51 property on Gumhornsgatan/Linnégatan in Stockholm to Fastighets AB Kannan for SEK 142 mln (UER 14 mln). The 4,660 m[sup]2[/sup] property, which mainly comprises theatre premises and residential space, is being sold as a company, Fabege said in a press release.
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PropertyEU Archive
ICSC’s Retail Connections a hit with international retailers
The International Council of Shopping Centers (ICSC)’s third Retail Connections in London last week, was ‘best yet’, according to international retailers. Retailers attending this year included Mango, Primark, The Deichmann Group, Foot Locker, FNAC, Levi Strauss, The Body Shop, Lindex, Camaieu and, for the first time, Abercrombie and Fitch. ...
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PropertyEU Archive
Unibail-Rodamco eyes new acquisitions after Simon Ivanhoe deal
Unibail-Rodamco has indicated its appetite for acquisitions of 'jumbo' shopping malls has not been sated by the EUR 715 mln purchase of the Simon Ivanhoe portfolio.
