Latest reports – Page 3283
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PropertyEU Archive
Aareal Bank confident despite global slump
German commercial property lender Aareal said net income for the second quarter of 2009 - when Aareal received financial support from the German bank stabilisation fund Soffin - was down 30% to EUR 35 mln from EUR 50 mln last year.
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PropertyEU Archive
Max Property's acquisition of Industrious portfolio hits snag
Max Property Group (MPG) has said that the finalisation of its maiden acquisition of the Industrious portfolio in the UK has been delayed.
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PropertyEU Archive
Waldeck's Augustine hotel named best hotel in the Czech Republic
The developers Waldeck Capital LLC and Raiffeisen evolution, together with hotel operator The Rocco Forte Collection, have announced that The Augustine has been named the Best Hotel, Czech Republic in the Europe & Africa Property Awards 2009 in association with CNBC Arabiya.
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PropertyEU Archive
Wereldhave places EUR 230m convertible bond issue
Dutch real estate group Wereldhave announced the successful placing of EUR 200 mln of senior unsecured convertible bonds on Thursday. Joint bookrunners Barclays Capital and UBS Investment Bank notified Wereldhave that they intended to exercise the EUR 30 mln increase option, bringing the total to EUR 230 mln.
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PropertyEU Archive
Helaba reports property lending volume of EUR 41bn
Germany's Helaba Landesbank Hessen-Thüringen said the business volume of its real estate financing came to EUR 41 bn in the first half of 2009 - almost the same level as year-end 2008. Real estate business began positively at the Paris branch which was newly established at the beginning of the ...
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PropertyEU Archive
London lags in sports centre development: Drivers Jonas
The number of sport centres being opened or refurbished across London has slowed over the last two years, probably due to the recession, according to the latest Drivers Jonas sport survey.
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PropertyEU Archive
Vivacon sells portfolio to reduce debt
Vivacon has sold a residential real estate portfolio as part of the German firm's restructuring process for an unknown amount. The portfolio, which is mainly located in Western Germany, consists of more than 2,400 residential and commercial units with a total area of more than 146,000 m[sup]2[/sup].
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PropertyEU Archive
European investment volume rises slightly in Q2: C&W
European real estate investment volumes in the second quarter rose 2.5% on the first three months of the year, driven by increased activity by foreign buyers (up nearly 16%), in core Western markets, according to the latest update from Cushman & Wakefield.
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PropertyEU Archive
Fabege opens new office and shopping centre
Swedish property group Fabege has announced the opening of the Lindhagen shopping centre in Stockholm.
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PropertyEU Archive
CEE to remain growth region for developer-led logistics: CBRE
Central and Eastern Europe (CEE) is likely to remain a growth region for developer-led logistics space in the medium-to-long term despite the challenging economic conditions, CB Richard Ellis has said in its inaugural CEE Logistics MarketView report.
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PropertyEU Archive
AMB leases 7,400m[sup]2[/sup] in Amsterdam to Ikea
New York-listed AMB Property Corporation has leased about 7,400 m[sup]2[/sup] of distribution space to home furnishings retailer Ikea in Amsterdam.
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PropertyEU Archive
Stockland to exit UK after posting EUR 1bn loss
Stockland has announced it is to sell its UK holdings after the group posted a statutory loss of A$1.8 bn (EUR 1 bn) in the 12 months to end-June as a result of the slump in property values.
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PropertyEU Archive
Invista sees thawing in UK market
There has been a noticeable thawing in the near-term outlook for UK Commercial Property, driven by increasing economic optimism and tangible evidence of buyers re-entering the commercial property market, according to the latest research from Invista Real Estate Investment Management.
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PropertyEU Archive
ING Real Estate posts EUR 770m loss in H1
ING Real Estate, part of the commercial banking division of Dutch financial services group ING Group, booked a loss of EUR 580 mln in the second quarter of 2009, bringing first-half losses to EUR 770 mln, it emerged from the company's H1 results which were published on Wednesday. The losses ...
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PropertyEU Archive
Unite creates £194m joint venture with Oasis Capital Bank
The Unite Group, the UK's leading developer and manager of student accommodation, announced on Wednesday that it has established a five-year joint venture with Bahraini company Oasis Capital Bank (OCB) to develop three student accommodation properties in London.
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PropertyEU Archive
Prologis finalises loan extension
ProLogis European Properties, Europe's leading owner of modern distribution facilities, announced on Monday that Deutsche Pfandbriefbank (formerly Hypo Real Estate) has finalised a three-year extension of the secured bank loan, originally due to mature in March 2010. The loan has been reduced from EUR 151.1 mln to EUR 126 mln, ...
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PropertyEU Archive
Atrium applies for Amsterdam listing
Atrium European Real Estate published a prospectus on Tuesday announcing that it has applied for its ordinary shares to be listed and traded on Euronext Amsterdam and the Vienna Stock Exchange. Subject to approval, trading in Atrium shares on both exchanges is expected to start on 19 August 2009.
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PropertyEU Archive
Mitsubishi recovers Landsbanki lease and relets to Aberdeen
Mitsubishi Corporation (MC) and Mitsubishi Estate Company (MEC), the joint developers of Bow Bells House in London, confirmed on Tuesday that they have accepted a lease surrender from the administrators of Landsbanki Islands HF for the 6,500 m[sup]2[/sup] of office space at the property let to the failed Icelandic bank.
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PropertyEU Archive
Degi takes possession of Procter & Gamble's Italian HQ
Degi, part of Aberdeen Property Investors, has taken possession of the building occupied by the Italian headquarters of Procter & Gamble, following completion of the construction work.
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PropertyEU Archive
Drivers Jonas warns of recovery over-enthusiasm in UK
The latest UK investment report published by broker Drivers Jonas suggests that prime property values are rising and investors should be looking at the market. But the report warns against expecting a return to 'business-as-usual'.
