Latest reports – Page 3197
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PropertyEU Archive
Green buildings set to become separate asset class: Union Investment
Union Investment has said that a survey it has carried out confirms the growing interest in sustainable real estate investment in Europe.
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PropertyEU Archive
London & Stamford acquires distribution unit for EUR 38m
London & Stamford Property has completed the acquisition of the freehold distribution unit at Tamworth for £33.3 mln (EUR 38 mln) from Clerical Medical Investment Group. The transaction which was announced on 29 January reflected an initial yield of 9.5%.
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PropertyEU Archive
PensionDanmark invests EUR 134m in commercial property
PensionDanmark has acquired five commercial properties for EUR 134 mln and announced plans to 'significantly' increase its exposure to real estate over the next 2-3years. In a recent statement, the Danish pension fund said that it intends to increase its property portfolio to EUR 1.2 bn, from roughly EUR 750 ...
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PropertyEU Archive
CBRE posts 8% rise in EMEA revenues in Q4 2009
CB Richard Ellis reported revenue for the EMEA region, which mainly consists of operations in Europe, rose 8% to $287.1 mln (EUR 205 mln) for the fourth quarter of 2009 from $266.5 mln in the year-earlier period. The real estate adviser reported fourth-quarter operating income of $48.4 mln from the ...
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PropertyEU Archive
Copenhagen's impact on property
Now that the flurry of media coverage around the climate change talks held in Copenhagen in December 2009 has died down, it is time to reflect on the outcomes and consider what they mean for European property investors, says Julie Hirigoyen, director and head of Upstream Sustainability Services at Jones ...
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PropertyEU Archive
Double-digit rental growth for London offices in 2010: Knight Frank
Offices in central London are set to record double-digit rental growth in 2010, according to Knight Frank.
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PropertyEU Archive
JLL sees EMEA revenues fall 26% in 2009
Jones Lang LaSalle said revenue from the EMEA region fell 7% to $226 mln (EUR 162 mln) in the final quarter of 2009 compared with $243 mln in the year-earlier period as transaction volumes continued to slide across the region. Full-year revenue was down 26% at $644 mln compared with ...
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PropertyEU Archive
Enasarco to start disposal of EUR 3bn worth of assets
Enasarco, the Italian pension fund for Italian financial planners and commercial agents, plans to start divesting EUR 3 bn worth of real estate assets from the fourth quarter of 2010. The disposal is part of the company's new strategy aimed at investing in high-quality real estate generating higher returns. The ...
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PropertyEU Archive
Europa Capital signs deal with PointPark for Cluj project
PointPark Properties Poland (P3), an asset manager and developer of distribution facilities across Europe, announced that it has signed an agreement with Europa Capital, a pan-European real estate investment management business, to provide transactional and development services to Europa Capital for its logistics and industrial project in Cluj, Romania.
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PropertyEU Archive
Deutsche EuroShop generates EUR 123 mln in rights offering
Deutsche Euroshop has announced its shareholders have exercised subscription and oversubscription rights for all 6.3 million new shares offered in a rights offering. The German retail real estate company said the gross proceeds of around EUR 123 mln will primarily be used to finance the acquisition of the A10 Center ...
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PropertyEU Archive
Prague to host ICSC European Conference
The International Council of Shopping Centers (ICSC) is holding its 2010 European Conference in Prague, the Czech Republic from 28-29 April 2010. ICSC is the global trade association of the shopping centre industry with more than 60,000 members in 80 countries across the world.
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PropertyEU Archive
GPR 250 Europe index begins 2010 with 1.8% loss
The European listed property sector started 2010 with a 1.8% loss in January, according to the GPR 250 Europe index. The returns for the individual country indices in January were as follows: Positive returns were recorded by Switzerland (4.7%); Turkey (Is REIT; 3.2%), Germany (3.1%), Norway (Norwegian Property; 1.3%), Italy ...
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PropertyEU Archive
Irish bank to give 0% loan in bid to divest EUR 1 bn portfolio - report
Anglo Irish Bank is reportedly working on a deal to give a developer an interest-free loan to take a EUR that the proposed deal would be Green Property, owner of Blanchardstown Shopping Centre, the largest shopping centre in Ireland. Another Irish bank, Allied Irish Banks (AIB) carried out a similar ...
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PropertyEU Archive
London's One New Change named overall winner of MIPIM Architectural Review awards
The Jean Nouvel-designed One New Change, which is currently under construction close to St Paul's Cathedral in the City of London, has been named both the overall and mixed-use winner in this year's MIPIM Architectural Review Future Project Awards.
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PropertyEU Archive
Financier SNS PF tests water with portfolio sales
SNS Property Finance has bundled loans in both its European and US portfolios to gauge interest in possible sales, CEO Coen van der Bijl and Chief Sales Officer Jan van Haarlem told PropertyEU in an exclusive interview. 'This is a test case,' Van der Bijl said. 'We’re checking to see ...
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PropertyEU Archive
Cordea Savills fund acquires phase 2 of Edinburgh Quay scheme
Cordea Savills European Commercial Fund has acquired phase 2 of the multi award-winning mixed-use scheme Edinburgh Quay in Edinburgh, Scotland for £21.1 mln (EUR 24 mln). The price reflects a net initial yield of 6.1% based on contracted income. The vendor was Edinburgh Quay Ltd.
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PropertyEU Archive
JLL reports 20% drop in EMEA 2009 revenues
Jones Lang LaSalle has reported that its full-year revenue for the EMEA region in 2009 came to $644 mln, compared with $871 mln the year before. This is a decrease of 26%, or 20% in local currency. JLL said the decreases were driven by continued reductions in transaction volumes across ...
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PropertyEU Archive
Cushman & Wakefield names Glenn Rufrano as CEO
Cushman & Wakefield announced on Tuesday that Glenn Rufrano has been named president and CEO of the company. Rufrano will join the global proeprty adviser on 22 March following the completion of his tenure as CEO of Centro Properties Group. He will be based in New York.
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PropertyEU Archive
ULI keynote: buildings can play big role in combatting climate change
The potential of buildings to mitigate climate change is 'huge,' claims Belgian climatologist Jean-Pascal van Ypersele, who will deliver a keynote speech entitled 'The Truth about Climate Change' to the ULI conference in Paris on 3 February.
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PropertyEU Archive
Aberdeen fund buys shopping centre in Germany
Aberdeen Property Investors said its Aberdeen European Shopping Property Fund has acquired the Löhcenter shopping centre in Viersen, Germany
