Latest reports – Page 3229
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PropertyEU Archive
Sustainability remains on agenda, says RICS
The attempt to raise profitability remains the key factor driving the interest in sustainable buildings globally, according to the latest Global Property Sustainability Survey, released by the Royal Institute of Chartered Surveyors (RICS).
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PropertyEU Archive
Dubai collapse leads to double dip fear for property
Hatfield Philips, an independent European primary and special servicer, has warned that Europe may suffer a 'double dip' in the commercial real estate market in 2010 as a result of the crisis in Dubai.
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PropertyEU Archive
UBS RE fund sells Zurich offices for EUR 90m
Munich-based UBS Real Estate Kapitalanlagegesellschaft has sold two office properties located at Zurich Airport to insurance group Swiss Life. The transaction volume of CFH 136 mln (EUR 90 mln) was 16% higher than the latest appraisal value for the properties.
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PropertyEU Archive
Immofinanz reaches EUR 415m refinancing agreement with banks
Troubled Austrian property company Immofinanz and its CEE development arm Immoeast announced on Friday that they have reached an agreement with a consortium of European banks on the restructuring of a EUR 415 mln syndicated loan.
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PropertyEU Archive
Banimmo makes EUR 30m retail acquisition in Paris
Belgian listed property company Banimmo has acquired the Marché Saint-Germain retail outlet in the 6th district of Paris, for almost EUR 30 mln. The property generates an annual gross rental income of EUR 2.1 mln, reflecting a yield of 7%.
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PropertyEU Archive
German banks provide EUR 48m financing for Polish mall
Deutsche Pfandbriefbank and Westdeutsche ImmobilienBank (Westimmo) have provided Arka Property Funds with a EUR 48.5 mln investment financing for Alfa Shopping Centre in Olsztyn, Poland.
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PropertyEU Archive
SLI unveils EUR 198m pan-European recovery fund
Standard Life Investments (SLI) has unveiled plans for a new closed-ended pan-European real estate recovery vehicle for the advisory market. The UK property fund manager aims to raise up to £75 mln in equity for the fund and through borrowings will seek to leverage the property portfolio by 60% to ...
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PropertyEU Archive
Affine, Morgan Stanley sell off stake in Altarea
Paris-listed Affine and US banking group Morgan Stanley said they have raised a total of EUR 93 mln from the sale of their interest in French listed property development company Altarea.
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PropertyEU Archive
Equity One makes offer for DIM Vastgoed
Amsterdam-listed real estate investment firm DIM Vastgoed announced on Friday that it has cancelled a rights issue after a subsidiary of Equity One, its largest shareholder, tabled a takeover offer.
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PropertyEU Archive
C&W poaches JLL's head of West End office agency
Cushman & Wakefield (C&W) has appointed George Roberts, JLL's former head of West End office agency, as head of its London occupier team. Roberts will be responsible for overseeing C&W's delivery of a full range of services for occupiers across all London office markets.
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PropertyEU Archive
Royalton buys Poland's largest car park operator
Royalton Partners, a CEE-focused private equity company, has boosted its car park portfolio with the acquisition of a 93% stake in Poland's largest car park operator, Cool Ar.
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PropertyEU Archive
Overseas buyers most active in Central London: CBRE
The recent announcement of the sale of HSBC's Headquarters at Canary Wharf to the National Pension Service of Korea is in line with the key trend of 2009 which has seen overseas buyers dominate the Central London investment market - accounting for 80% of turnover, according to CB Richard Ellis.
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PropertyEU Archive
Terrace Hill sells Covent Garden project for EUR 18m
UK property developer and investor Terrace Hill said on Friday that it has sold the freehold interest in its Kean House development in Covent Garden, London to a major UK institution for a total of £16 mln (EUR 18 mln). The investment volume reflects a net initial yield of 6.4%.
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PropertyEU Archive
Franchisees set to increase presence in Czech malls: DTZ
Franchisees could occupy up to 20% of lettable area in local shopping centres in the Czech Republic in two to three years, according to Martin Kubik, head of Asset & Property Management at DTZ. 'Thanks to the franchise system, new retail chains which are considering entering the local market can ...
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PropertyEU Archive
Bank of China moves in next to BoE in EUR 110m deal
Bank of China has acquired the One Lothbury development, adjacent to the Bank of England building in the centre of London's financial district, as its new HQ for £100 mln (EUR 110 mln). The new development consists of 10,600 m[sup]2[/sup] of space in the Square Mile. The bank will house ...
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PropertyEU Archive
International retailers see recovery in 2010
International retailers polled before and during the Mapic retail trade fair in Cannes last week report that they believe the market has bottomed out and that 2010 will see a significant recovery in certain retail sectors and territories.
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PropertyEU Archive
Slow recovery may trigger reckless buying, EPRA Amsterdam hears
A relatively slow market recovery may trigger European listed real estate companies to buy assets in 2010 to shore up their direct result, a panel discussion organised by the European Public Real Estate Association (EPRA) learned this week. But some companies, where managers’ bonuses are based on portfolio growth, may ...
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PropertyEU Archive
All new buildings to be energy-neutral by 2020: EU
EU governments and Members of the European Parliament (MEPs) have struck a deal that will force all new buildings constructed after 2020 to consume 'near zero energy'. The agreement, part of the revision of the 2002 Energy Performance of Buildings Directive, defines near-zero-energy buildings as constructions that have 'a very ...
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PropertyEU Archive
European recovery will lag emerging markets: CBRE
Recovery in Europe and North America will lag the emerging markets and temper the pace of recovery, according to the 3Q 2009 CBRE Global MarketView. The recovery is being led by Asia, with Latin America in second place, the report said.
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PropertyEU Archive
IVG reports successful leasing performance
IVG has recently concluded a number of major leasing agreements in Germany, Poland and France despite the difficult situation prevailing in the real estate markets. In total, IVG has concluded agreements for approximately 480,000 m[sup]2[/sup] this year for its entire portfolio of own properties and funds,
