Latest reports – Page 3281
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PropertyEU Archive
Hammerson's Union Square to open on 29 October
UK REIT Hammerson has announced that Union Square, the company's latest retail regeneration scheme, will open to the public in Aberdeen on 29 October 2009.
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PropertyEU Archive
Spanish property market heads European cycle
Spain shares many of the qualities that are currently attracting investors to the UK commercial real estate market, according to new research released by CB Richard Ellis. As a result, it is attracting an increasing share of the European property investment market.
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PropertyEU Archive
AFI Development posts pre-tax profit of EUR 197m for H1
London-listed AFI Development said on Tuesday that it recorded a net profit of $215 mln (about EUR 152 mln) in the six months to end-June this year compared to $110 mln in the first half of 2008.
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PropertyEU Archive
Sustainability remains high on agenda: RICS
Sustainability remains high on the agenda despite the worsening economic climate, according to the latest global property sustainability survey, released by the Royal Institute of Chartered Surveyors (RICS).
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PropertyEU Archive
British Land sees valuation decline slow
British Land, the second-largest REIT in the UK, saw the pace of portfolio valuation decline slow markedly in the first quarter to end-June to an average 3.7%. The UK portfolio shed 3.1% of its value, outperforming IPD by 1%, the company said in a press release on Tuesday.
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PropertyEU Archive
AFI Development sells Moscow project for EUR 138m
AFI Development has announced the sale of its Kosinskaya project in Moscow for $195 mln (about EUR 138 mln). The project is located in the eastern administrative district of the Russian capital and comprises a Class B office building of 112,000 m[sup]2[/sup] and 10.4 hectares of land.
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PropertyEU Archive
Fire sales increase in Q2 2009: RICS
Over 75% of the 27 countries surveyed by RICS saw a rise in fire sales in the commercial property market in Q2, according to a research report published this week by the UK-based organisation. The report also foresees transaction activity in distressed properties set to rise in 2010 'as interest ...
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PropertyEU Archive
USS buys Equiton Industrial for EUR 228m
Universities Superannuation Scheme, the UK higher education pension scheme, has unconditionally exchanged contracts with Equiton GP to acquire all the property assets in the UK of the Equiton Industrial Partnership. The investment volume of £196 mln (EUR 228 mln) reflects a net initial yield of 8.7% of the contracted income.
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PropertyEU Archive
Prupim revises market forecasts upwards as yields stabilise
Recent industry data suggests that yields are beginning to stabilise across many UK commercial property market sectors, signaling that the worst of the real estate downturn is drawing to a close, according to global real estate investment manager Prupim.
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PropertyEU Archive
SNS books loss due to property finance impairment
Dutch banking and insurance company SNS Reaal booked a loss of EUR 30 mln in the first half compared to a profit of EUR 226 mln in the same period a year ago. The first-half loss was significantly narrower, however, than the EUR 730 mln it lost in the second ...
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PropertyEU Archive
Colliers International buys Polish firm
Colliers International has completed the acquisition of the Polish operation of Harvey Spack Field, the UK retail warehousing firm. The deal will provide a platform for ongoing relationships between both firms with Colliers benefiting from HSF's retailer relationships.
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PropertyEU Archive
Drivers Jonas France obtains financing for IM Properties
Drivers Jonas France has arranged financing for a UK client, IM Properties, from an unnamed German bank in relation to three office properties in France.
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News
High risk real estate is too much for Quebec
CANADA – The Caisse de dépôt et placement du Québec has revealed the value of its real estate portfolio had fallen by C$4bn (€2.57bn) by the end of June 2009, and it is no longer investing higher risk real estate debt.
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News
Investment houses talk up UK property prospects
UK – Prupim has revised its forecast for the UK commercial property market as yields are beginning to stabilise, and Aberdeen Property Investors is predicting UK real estate will outperform its continental counterparts over the next five years.
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News
National Grid pension considers UK real estate
UK – The National Grid UK Pension Scheme has invested approximately £70m (€81m) in UK real estate this year and its advisers expect to commit a similar amount again during the second half of this year and in 2010.
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News
CPPIB and GIC turn to Brazilian real estate
AMERICAS – The Canada Pension Plan Investment Board (CPPIB), investment manager of the $105bn (€73.9bn) Canada Pension Plan, has entered into a joint venture with Brazilian property developer Cyrela Commercial Properties (CPP) to invest in commercial real estate in Brazil.
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News
CalSTRS eyes increase to real estate allocation
UNITED STATES - California State Teachers Retirement System is thinking of approving a new long-term allocation to real estate.
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News
Foreign investor interest in Dutch real estate on the rise
NETHERLANDS - Foreign investors are returning to the Dutch property market, according to the Dutch financial supervisor De Nederlandsche Bank (DNB).
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News
Oregon lies in wait for real estate bargains
UNITED STATES - Oregon Public Employees Retirement Fund has decided not to make a specific allocation to real estate over the next 12 months, but officials have not ruled out purchases should opportunities surface.
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News
IVG stays in the red as Patrizia gains
GERMANY – German real estate company IVG posted another net loss in the second quarter of this year, but competitor Patrizia has reported a small net profit.
