Latest reports – Page 3276
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PropertyEU Archive
Cofinimmo disposes of receivables at Brussels office complex
Listed Belgian real estate firm Cofinimmo has sold future lease receivables for two office buildings in Brussels to BNP Paribas Fortis for just under EUR 200 mln.
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PropertyEU Archive
Tikal Plaza buys Milan's Porta Vittoria for EUR 134m
Italian property entrepreneur Danilo Coppola has signed a preliminary agreement with Ipi to buy the Porta Vittoria site in the centre of Milan for a total of EUR 134 mln. The acquisition, made through his investment holding Tikal Plaza, is expected to be closed by the end of October. Coppola ...
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PropertyEU Archive
ING Real Estate Finance moves up into top 5 financiers
ING Real Estate Finance moved up three notches in this year's PropertyEU ranking of Top 30 Financiers in Europe from eighth to fifth position. The ranking was headed again this year by Royal Bank of Scotland, Eurohypo, Deutsche Pfandbriefbank (formerly Hypo Real Estate) and Anglo Irish Bank.
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PropertyEU Archive
Continent catches up with London in pain stakes
With yields in the UK market starting to stabilise and even decline for selected prime assets, bargain hunters are now looking elsewhere in Europe. For many, like Henderson Global Investors, their first port of call will be Paris.
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PropertyEU Archive
DG Hyp: massive expansion in MBS portfolio risk
DG Hyp strongly expanded its new property financing business during the first half of 2009,. Compared to the same period during the prior year, the volume of approved loans rose by 19.1% to approximately EUR 2 bn.
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PropertyEU Archive
Banks agree EUR 328m debt facility for Welsh shopping centre
Three German lenders and the UK's Nationwide Building Society have agreed to provide a debt facility for up to £290 mln (EUR 328 mln) to the joint venture which is redeveloping the St David's shopping centre in Cardiff, the capital of Wales.
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PropertyEU Archive
French investment volumes tipped to reach EUR 7 bn this year
Investment in French commercial property rose by almost 90% to EUR 1.7 bn in the second quarter of 2009, compared to just EUR 0.9 bn in the first quarter of the year, a new research report issued by real estate advisor BNP Paribas shows.
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PropertyEU Archive
Lidl leases 33,500 m[sup]2[/sup] in the Netherlands
Catella Property Fund Management (part of Equity Estate) has reached an agreement to lease 33,500 m[sup]2[/sup] of space at its Oosterhout logistics centre in the Netherlands to international supermarket chain Lidl.
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PropertyEU Archive
Adler RE announces major sell-off
Germany's Adler Real Estate announced on Friday that it plans to withdraw from asset and property management on behalf of third parties in order to focus on the sale of its own property portfolio.
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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
Investment doubles in Dutch market in Q2
The Dutch real estate market saw investment activity almost double in the second quarter of 2009 compared to the previous quarter, suggesting that investor interest is returning to the Netherlands, according to new research released by CB Richard Ellis (CBRE). Investment turnover surged in Q2 as EUR 861 mln was ...
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PropertyEU Archive
Deutsche Hypo loan production down 59% in H1
German property financier Deutsche Hypo said it approved some EUR 431 mln in new real estate loans in the first half of 2009, down 59% on the comparable 2008 level as the bank rolled back its lending business abroad, notably in the US and UK. The bank’s overall real estate ...
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PropertyEU Archive
Debt battle creates Darwinian divide
The upturn in the equities sector in the first half of this year and rising investment volume in Europe have raised hopes that the property sector may have put the worst of the financial crisis behind it. 'We’re still sliding off the slope, but we’re not falling off the cliff ...
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PropertyEU Archive
China and Qatar funds inject new equity into Canary Wharf
Sovereign wealth fund, Qatar Holdings, is leading a consortium, which has agreed to provide a cash injection to head off a financial crisis at AIM-listed Songbird Estates, the majority owner of the Canary Wharf estate in London.
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PropertyEU Archive
Risanamento postpones results approval
Ailing Italian property company Risanamento said it has delayed the approval of its first half financial results as it strives to reach an agreement with the banks regarding its restructuring plan. In a statement on Friday, the company said that its board would reconvene to approve the accounts by Tuesday, ...
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PropertyEU Archive
Orco sees portfolio shed 12% in H1
Orco Property Group said the value of its real estate portfolio stood at EUR 1.83 bn at end-June, down 12% on the EUR 2.13 bn value at end-December 2008 due to difficult economic conditions and a 'conservative valuation of projects put on hold'. Net asset value came to EUR 15 ...
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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
Land Secs bags new tenant in London
Land Securities and Cadillac Fairview Corporation, co-owners of Thomas More Square, E1 in London, have announced they have completed a letting of 17,830 m[sup]2[/sup] of office and supporting space to media group News International for a term of up to 10 years. Land Secs claims it is one of the ...
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PropertyEU Archive
SNS PF says retreat to home market will be ‘orderly’
SNS Property Finance is to refocus its activities on the Netherlands, but insists it will not leave its international clients at the mercy of the financial crisis.
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PropertyEU Archive
German investors dominate deals
German investors were out in force again over the summer, with Deka Immobilien, Union Investment, and Commerz Real all involved in several deals across Europe.
