Latest reports – Page 3264
-
PropertyEU Archive
Olav Line appointed new CEO of Norwegian Property
Olav Line has been appointed as new CEO of Norwegian Property. Aged 51, Line has been the CEO of shopping centre group Steen & Strøm since 2003. In total he has 25 years of experience in the Norwegian and Nordic commercial real estate markets, having held leading positions in NSB, ...
-
PropertyEU Archive
SNS REAAL completes EUR 135m equity issue
Amsterdam-listed banking group SNS REAAL announced the completion on Thursday of a EUR 135 mln equity issue through an accelerated bookbuild offering.
-
PropertyEU Archive
Catella RE Germany appoints Michael Denk as head of business development
Michael Denk has been appointed head of Business Development/High Net-worth at Munich-based Catella Real Estate. His responsibilities will include the account management of financial intermediaries, churches, foundations, as well as the wealth management of high-net-worth-individuals and family offices.
-
PropertyEU Archive
IVG purchases multi-let asset in Brussels
German investor IVG has acquired Estuary Properties, the owner of a prime multi-let asset in the heart of the Brussels central business district. The property, located just minutes walk from the European Parliament, is multi-let to a variety of tenants.
-
PropertyEU Archive
Immoeast to sell some of its Romanian, Moscow assets
Austrian real estate developer Immoeast is planning to sell part of its EUR 750 mln property portfolio in Romania, CEO Eduard Zehetner told news agency Bloomberg. Zehetner said that the company is 'over-invested in certain countries like Romania' and will seek to reduce dependence on that market.
-
PropertyEU Archive
Trigranit resumes construction of Polus Center Constanta
Hungarian property company Trigranit said it is resuming construction of its Romanian shopping centre project, Polus Center Constanta, after halting the development at the end of 2008 due to the credit crunch. The CEE real estate builder, which slashed its development pipeline in half last year, will invest around EUR ...
-
PropertyEU Archive
PIK to get EUR 338m in new financing from Sberbank
Troubled Russian property developer PIK Group has reached agreement with Sberbank, Russia's largest state-owned lender, on a EUR 338 mln financing facility to fund new projects. The new loan is conditional on the developer servicing its existing debt of EUR 318 mln, Sberbank's chairman German Gref told newspaper The Moscow ...
-
PropertyEU Archive
Peach Property buys into German real estate
Switzerland's Peach Property Group has boosted its presence in the German real estate market with the acquisition of two residential and commercial projects from Germany's Vivacon. The company has acquired two developments in Hamburg and Berlin with total development costs of roughly CHF 253 mln (EUR 166 mln). The financial ...
-
PropertyEU Archive
Great Portland makes EUR 50m acquisition in London
Great Portland Estates has exchanged contracts to purchase 90 Queen Street in London for £46mln (about EUR 50 mln). The office and retail building was built in 1996 and comprises just over 6,000 m[sup]2[/sup] of space. The property is the UK office of Italian bank Intesa Sanpaulo and is occupied ...
-
Magazine
Surprise winner out of the turmoil?
Despite dramatic falls in real estate markets the case for the asset class remains strong, with investor attention focused on how they gain access to real estate. Property derivatives have emerged as a strong contender say Daragh McDevitt, Pretty Sagoo and Peter Hobbs
-
Magazine
In catch-up mode
Risk management was sometimes disregarded during the feeding frenzy of the boom years; today debt, liquidity and tenant risk are in sharp focus. Christine Senior reports
-
MagazineA lesson in pragmatism
Breadth of vision and forward thinking are essential components of risk management, as is a sensible workplan. Stephen Ryan reports
-
MagazineDriver or passenger?
Managers talk of outperformance but how do investors identify whether this is the result of genuine skill rather than pure market exposure? Andrew Baum and Kieran Farrelly report
-
MagazineApplying the breaks
Tenants are using the new buyer’s market to their advantage; landlords focus on renewing existing leases. Andy Martin and Malcolm Frodsham report
-
MagazineThat empty feeling
The last thing investors in property want is a vacant building. In times like this, when the risk is high, leasing agents need to focus on maintaining the income stream. Flexibility and creativity are crucial, says Howard Morgan
-
MagazineLife blood
Given the dominance of income in the return equation it is surprising that so few resources have been devoted to the analysis of tenant default risk, says Matthew Richardson
-
MagazineThe cost of negligence
Such was the rush to place capital during the boom that due diligence was in some cases too superficial or even disregarded altogether. Some investors now wishing to sell are finding costly defects in their portfolios. Paul Spaven reports
-
MagazineOne size does not fit all
In today’s tough retail climate, a flexible approach with tenants can minimise the void rate and deliver long-term value. But each case must be rigorously assessed. Helen Gordon reports
-
MagazineCrisis management
INREV’s debt study shows most concern about 2006 and 2007 fund vintages with respondents aiming for less debt reliance. Dasha Kruchkoff reports
-
MagazineLong-term vision
The deleveraging of property funds has been advocated but it is difficult to achieve in practice. The benefits of gearing are clear but managers need to be more strategic and selective in its use, as Andrew Smith explains
