Latest reports – Page 3256
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PropertyEU Archive
Commerz Real sees buying spree braked by supply constraints
Commerz Real expects to close commercial real estate deals totalling around €1 bn by the end of this year, CEO Hans-Joachim Kühl told PropertyEU in an interview at EXPO REAL. 'This is less than we had initially expected, but it's difficult to find the right product.'
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PropertyEU Archive
BNP Paribas RE wins major management contract in UK
BNP Paribas Real Estate has been awarded the management of the St James portfolio in London’s West End from Crown Estate. The portfolio consists of over 370,000 m[sup]2[/sup] of office, services, retail and warehousing space at St James Market.
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PropertyEU Archive
Shake-up looms for European asset managers
The European real estate industry will see a wave of asset management mandates exchanging hands in the coming months. That was one of the key conclusions of several of the panel discussions that took place on Tuesday at EXPO REAL. The US has already experienced a similar development. In the ...
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PropertyEU Archive
Europolis to launch EUR 400 mln CEE investment fund
Austrian property company Europolis plans to launch an investment fund with the firepower to invest EUR 400 mln in Central and Eastern European countries, Thomas Erdmann, Europolis’ member of the board, told PropertyEU in an interview at EXPO REAL. Erdmann said the company is in the process of setting up ...
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PropertyEU Archive
Warsaw most favoured city for European expansion
Warsaw, Poland has been named in Cushman & Wakefield's 20th annual European Cities Monitor as the city which can expect the biggest influx of companies in the next five years, knocking Moscow off the top spot. In total, 36 of Europe’s largest companies named Warsaw as the European city in ...
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PropertyEU Archive
German office markets show signs of bottoming out: Savills
The German office property markets (Berlin, Düsseldorf, Frankfurt, Hamburg and Munich) remain weak, but the cyclical downturn is showing signs of deceleration, Savills said in a new research report issued during the second day of the EXPO REAL fair in Munich. Take-up in the first nine months of the year ...
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PropertyEU Archive
German banks dominate UK financing market
German financiers have further intensified their presence on the UK commercial property market in the past six months, according to a new report by Savills. German banks accounted for virtually half of the list of 23 top lenders currently active in the UK market. They include Deka Bank, Deutsche Pfandbriefbank, ...
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PropertyEU Archive
Invesco aims to tap German institutional investors
Invesco Real Estate sees 'huge opportunities' for its special funds in Germany, Simon Redman, head of product development and senior director, said in an interview with PropertyEU. 'More institutional investors are interested in real estate and are becoming more international. This is a huge growth area.'
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PropertyEU Archive
German open-ended funds coming back to Prague
Germany remains key for the recovery of the Czech property market after the significant economic impact caused by the financial crisis caused the market to come to a standstill, says Ryan Wray, associate director of investment at DTZ in Prague.
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PropertyEU Archive
German property market expected to recover faster - survey
An EXPO REAL survey on the outlook for the property market in 2009 reveals that experts believe the bottom of the cycle is yet to come. It also revealed that the German property market is generally thought to have the best prospects for a fast recovery. The survey was conducted ...
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PropertyEU Archive
Cross-border investors poised for return to Americas, JLL
Although transactions in the Americas are down significantly, cash-rich cross-border investors are well positioned to make a return to investment in North and South America in 2010, Jones Lang LaSalle’s International Capital Group experts said today at the EXPO REAL show in Munich, Germany.
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PropertyEU Archive
‘Slow but steady progress’ across most EMEA real estate, Colliers
Fewer than one-in-three EMEA countries anticipate further softening over the next 6 months, according to latest research from property consultancy Colliers International, which concludes that worldwide.yields appear to have stabilised.
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PropertyEU Archive
Incentives push expensive cities ranking - Savills
The impact of incentives on European office rental values has resulted in significant changes in the ranking of the most expensive cities, according to international property adviser Savills. The firm compared 18 key city locations and found that when incentives are taken into account, London's West End remains the most ...
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PropertyEU Archive
Price cuts lead Carlyle to switch focus in Italy
Property investor Carlyle has switched its focus in Italy towards Rome and Milan following a fall in prices, said Roberto Ardagna, Associate Director at Carlyle, said in an interview with PropertyEU at EXPO REAL in Munich. In the past, Carlyle’s acquisitions were primarily in residential properties in regional cities like ...
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PropertyEU Archive
AIB puts EUR 500m portfolio on the market
AIB Capital Markets has put a EUR 500 mln property portfolio in Central and Eastern Europe up for sale, sources close to the sale process told PropertyEU during the Expo Real property fair. The portfolio, which is held by AIB’s Polonia Fund, comprises five office buildings in Warsaw, one in ...
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PropertyEU Archive
EU economic sentiment up, recovery set to be slow - Savills
The main economic indicators for the EU region improved for the fifth month in a row in August, but the property market is likely to be very slow, said Eri Mitsostergiou of the European research team of property consultancy Savills.
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PropertyEU Archive
HSBC sells New York headquarters for $330 mln
British banking giant HSBC has agreed to sell its New York head office to Israeli investment holding company IDB Group for $330 mln (€224 mln) in cash. The London-based bank will lease back the entire New York building for one year, and floors one to 11 for a further 10 ...
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PropertyEU Archive
Mayfield seeking to expand its European asset management network
Mayfield Asset and Property Management is seeking to expand its European network for German banks and investors, the company announced at EXPO REAL. Mayfield is based in Londen but has opened offices in Germany, the Netherlands, Belgium and Switserland. It works in partnerships with trust companies and specialised tax advisors ...
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PropertyEU Archive
French banks back in business
A consortium of five international banks have provided a EUR 180 mln loan for the Tour Mozart tower in one of the largest refinancing deals in the French market so far this year. Ronald Fuchs, head of Helaba’s French business, told PropertyEU in an interview during the EXPO REAL real ...
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PropertyEU Archive
Investors to return to Turkey, but not until late 2010
Investment in the Turkish property sector is not expected to return to significant levels until the second half of 2010 at the earliest, according to Murat Ergin, head of Savills’ associate Kuzeybati Worldwide Real Estate Services in Turkey.
