Latest reports – Page 3257
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PropertyEU Archive
Investors back in action but financing still an obstacle for some
Long-term institutional investors are buying property again and looking to conclude further deals, the majority of participants in the opening panel at this year's EXPO REAL declared on Monday. CEO Olivier Piani of Allianz Real Estate said the insurance giant is looking to increase its real estate allocation, currently at ...
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PropertyEU Archive
Investors looking more selectively at CEE- DTZ
Investors are now returning to crisis-hit Central and Eastern Europe, Doug Hardman, DTZ Investment Director for Continental Europe said in an interview with PropertyEU. The big difference now is that investors are looking much more on a country-by-country basis rather than the region as a whole, he said.
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PropertyEU Archive
More EXPO exhibitors from France, Luxembourg, Poland, Turkey
The number of exhibitors at this year's EXPO REAL event in Munich may be down 15% on 2008, but there are more participants from France, Luxembourg, Poland and Turkey, Eugen Egetenmeir, a member of the management board at organisers Messe München, said on Monday.
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PropertyEU Archive
SWIP to raise EUR 218m UK metropolitan fund
UK asset manager Scottish Widows Investment Partnership (SWIP) is looking to raise a £200 mln (EUR 218 mln) for a new fund to take advantage of the price correction in seven main cities in the UK.
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PropertyEU Archive
Outlet fund seeking EUR 80 mln for expansion of assets
Henderson European Outlet Mall Fund is working to raise EUR 60-80 mln to finance the expansion of four of its key assets. David Williams, manager of the EUR 1.2 bn Outlet fund, told PropertyEU at EXPO REAL the equity and a conservative amount of debt would be used to add ...
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PropertyEU Archive
Turkey ‘ready to take off’
If their presence at this year’s EXPO REAL in Munich is anything to go by, Turkey property players are keen to attract foreign investment. Turkish developers, property law firms, mortgage lenders and accountants were all singing the praises of Turkey’s property market.
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PropertyEU Archive
Fundimo sells 12,000 m[sup]2[/sup] office building in Lisbon
Cushman & Wakefield has advised Fundimo SGFII, an investment fund managed by savings bank Grupo Caixa Geral de Depósitos, in the sale of the ExpoFinanças office building in Lisbon, Luís Rocha Antunes, head of C&W’s Portuguese office, told PropertyEU in an interview during the first day of the EXPO REAL ...
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PropertyEU Archive
CEE investment volumes down 83% in 2009 - JLL
Commercial property investment in the CEE region is set to fall to just EUR 1 bn this year, Tomasz Trzoslo, head of Capital Markets Central Europe at Jones Lang LaSalle, told PropertyEU in an interview during the EXPO REAL fair in Munich.
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PropertyEU Archive
Domestic banks a growing force in Russian property market
The fallout of the financial crisis in Russia has resulted in a significant amount of property falling into the hands of the country’s leading banks. ‘Banks are increasing their grasp in the property sector,’ said Charles Boudet, managing director of Russia and CIS at Jones Lang LaSalle in Moscow. While ...
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PropertyEU Archive
SWIP buys 'chequered history' Edinburgh retail park
Invista Real Estate has sold Hermiston Gait, Edinburgh to Scottish Widows Investment Partnership Property Trust (SWIP) for £66 mln (EUR 71 mln). The 28,000 m[sup]2[/sup] prime retail park is situated to the west of Edinburgh, adjacent to the proposed tram network and Edinburgh Park railway station. Invista Real Estate ...
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PropertyEU Archive
Interest spreads to secondary property in key European markets, CBRE
CB Richard Ellis’ European investment market briefing at EXPO REAL in Munich today revealed investor sentiment is improving across much of western Europe, mirroring the better economic performance and the strong run in Europe’s stock markets since March. Many REITs are now trading at a premium to NAV, indicating an ...
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PropertyEU Archive
Windows of opportunity open up in Spain
The significant fall in commercial property investment volumes throughout Spain over the last two years is showing signs of stabilising, according to international real estate advisor Savills. This is expected to create a window of opportunity for equity rich investors as pricing of prime properties becomes more attractive, the company ...
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PropertyEU Archive
Real IS launches EUR 500m Euroland fund
Germany’s Real IS has started fundraising for a EUR 500 mln fund, BGV IV, which will invest in eurozone countries. The company is looking to raise equity of up to EUR 350 mln for the fund, with the first closing expected by the end of 2009. This is the first ...
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PropertyEU Archive
Industrial investment volumes fall 50%
Total direct industrial real estate investment volumes came in at €2.2bn in the first half of 2009, a 45% fall on the second half of 2008 and a 50% dip from the first half of 2008, according to Jones Lang LaSalle’s latest European Industrial Markets Autumn 2009 report.
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PropertyEU Archive
Berlin Hyp seals EUR 91m deal in Paris
German bank Berlin Hyp has taken over the financing of the A4C office complex in Paris's central Rive Gauche district, with a total volume of EUR 91.5 mln. The fully let property was recently acquired by Union Investment Real Estate's UniImmo: Deutschland Fonds, in an effort to diversify its ...
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News
GE pension fund caught up in real estate loan battle
FRANCE – Creditors of Paris office complex Coeur Défense may appeal a court ruling which forced them to extend a securitised €1.5bn loan to the property’s joint owners, one of which is a General Electric pension fund.
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News
CalEast CEO resigns
UNITED STATES - Russ Blackwell, chief executive of CalEast Global Logistics, has resigned as head of the company but is staying on with the company until the end of the year.
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News
Invesco predicts equity/property correlation will lessen
GLOBAL – Real estate will go back to offering full diversification effects, having lost some of its credibility as a decorrelated asset class, research from Invesco has predicted.
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News
USS snaps another high street bargain
UK – The Universities Superannuation Scheme (USS) has made another retail acquisition in the UK, taking its total UK real estate investment in 2009 to £300m (€327m).
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News
INREV’s van Doorn returns to ING roots
EUROPE – Lisette van Doorn is leaving the European Association for Investors in Non-Listed Real Estate Vehicles (INREV) to rejoin ING Real Estate Investment Management.
