Latest reports – Page 3274
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PropertyEU Archive
Banks increase lending for larger lots: Savills
Savills today named the UK commercial property market’s 23 top lenders for H209. The list has almost doubled since March 2009 and German banks continue to dominate, accounting for nearly half.
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PropertyEU Archive
Multi's Dresden mall wins top eco-label
Germany is currently the most important market for European shopping centre developer Multi Corporation. This autumn, the Netherlands-based company is opening Centrum Galerie in Dresden, a 52,000 m[sup]2[/sup] mall built at a cost of some EUR 300 mln.
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PropertyEU Archive
Korean pension service eyes trophy assets in London
Rockspring Property Investment Managers confirmed on Friday that it has been instructed by the National Pension Service of Korea (NPS), the world's fifth largest pension fund, to invest on its account in Central London trophy assets.
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PropertyEU Archive
Listed European real estate has good summer
European listed real estate shares have had a good summer with two months of strong performance. The Global Property Research (GPR) 250 Europe Index returned 17.1% in August, extending on the 11.4% gain booked in July.
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PropertyEU Archive
Office vacancy rates rise sharply in EMEA - Colliers
A sharp increase in vacancy rates and a continuing decline in rental levels were recorded across Europe, the Middle East and Africa in the first half of 2009, according to Colliers International's latest overview of 68 office markets in 37 countries across the region. The report also revealed a dramatic ...
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PropertyEU Archive
Catella advises Swedish firm on EUR 157m capital rasing
Catella has acted as advisor in the creation of Swedish property company Hemfosa Fastigheter and its capital raising of SEK 1.6 bn (EUR 157 mln).
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PropertyEU Archive
ING RED completes three schemes, starts museum project
ING Real Estate Development said it completed three projects in Germany, France and the Netherlands this week and started construction of the new Film Museum in Amsterdam.
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PropertyEU Archive
CPI, Gazit to swap bonds for higher stake in Atrium
Citi Property Investors (CPI) and Gazit Globe Limited (Gazit) have reached agreement with Atrium European Land to swap their convertible bonds and options in the company in exchange for increasing their controlling stake in the CEE shopping centre specialist.
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PropertyEU Archive
Credit Agricole mulls acquisition of Evergreen
French financial group Crédit Agricole is mulling the acquisition of the Evergreen office project in Montrouge, in the southern suburbs of Paris, according to a report by French property magazine Business Immo.
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PropertyEU Archive
Spanish banks see value of property holdings fall in June
Spanish banks have seen the value of their property portfolio decrease in June for the first time in over 10 months of consecutive growth. According to new data issued by the Bank of Spain, local lenders owned real estate worth some EUR 20.3 bn in June, representing a decrease of ...
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PropertyEU Archive
More LTV breaches loom - Moody's
Liquidity remains a major potential problem for European REITs, with more loan-to-value breaches looming in the months ahead, according to Lynn Valkenaar, vice president and senior analyst at ratings agency Moody's.
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PropertyEU Archive
INREV unveils non-listed fund debt survey
Almost 90% of investors in non-listed real estate funds are concerned that the funds they are invested in are likely to breach loan covenants, according to a study from INREV.
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PropertyEU Archive
Top German shopping centre declared insolvent
One of Germany's biggest shopping malls, the A10-Center in Berlin, has been declared insolvent, according to a report in Thomas Daily. Rolf Rattunde, who has been appointed on a temporary basis to lead the insolvency proceedings, said he would do everything he could to keep the 120,000 m[sup]2[/sup] centre, ...
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PropertyEU Archive
Cohen & Steers calls end of real estate equities bear market
The two-year bear market in real estate stocks has run its course and fundamental recovery is already underway in key markets in Asia, to be followed by the US next year and Europe in 2011, analysts from leading investment firm Cohen & Steers told a news conference on Thursday.
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PropertyEU Archive
McKinsey: property financing is unprofitable
The commercial real estate (CRE) financing industry is fundamentally unprofitable. That is the grim conclusion of a confidential report obtained by PropertyEU. It gets worse: even in the 'golden years' of 2006-07, the industry as a whole does not return its cost of capital, let alone over the business cycle. ...
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PropertyEU Archive
CdD sells Icade shares for EUR 91m
French SIIC Icade has announced that its majority shareholder Caisse des Dépôts (CdD) has successfully sold 1.4 million Icade shares, representing about 2.85% of share capital and 2.87% of voting rights, to comply with real estate investment trust (REIT) ownership regulations.
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PropertyEU Archive
Recapitalisation remains a key issue for listed stocks
Recapitalisation will remain a key issue in the coming period for listed stocks, claims James Cowen, portfolio manager of real estate securities funds at Invesco.
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PropertyEU Archive
Segro plans to expand further in Europe
UK industrial REIT Segro is keen to expand in Europe following its takeover of rival Brixton, Segro CEO Ian Coull said in an interview with PropertyEU. ' We are actively watching the radar screen and interested in expanding in Germany, France and Poland. These economies are fairly strong and are ...
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PropertyEU Archive
EPRA: room for improvement on corporate governance
The corporate governance standards of listed real estate companies across Europe have risen in some areas in the past year, but there appears to be no overall improvement in average performance, a recent survey by the European Public Real Estate Association (EPRA) shows.
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PropertyEU Archive
Conwert acquires 1,000 Berlin apartments for EUR 67m
Listed Austrian real estate group Conwert Immobilien Invest SE has acquired three property companies that own a total of 1,016 apartments in Berlin from Germany's Colonia Real Estate for almost EUR 67 mln.
