Latest reports – Page 3284
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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
SEB Enskilda launches new Nordic advisory firm
The corporate finance Real Estate team of SEB Enskilda in Norway, and the Swedish real estate advisory firm Lundberg & Partners, have announced they are to establish a new fully integrated Nordic corporate finance firm focusing on the real estate sector.
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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'.
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PropertyEU Archive
Jim Mellon named non-excutive director at Speymill Deutsche
Speymill Deutsche Immobilien, the pan-German residential property investment company listed on AIM, has announced the appointment of Jim Mellon as a non-executive director with immediate effect.
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PropertyEU Archive
Bank Sarasin opens new branch in Nuremberg
Swiss private bank Sarasin said it will open a new branch in Nuremberg in October, bringing the number of offices in Germany to three. Since obtaining a full banking licence for Germany in January 2008, Sarasin has opened a new headquarters in Frankfurt and relocated its Munich branch, in operation ...
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PropertyEU Archive
Global Switch completes acquisition, leasing deal in Madrid
Global Switch announced on Tuesday that it has finalised the acquisition of the freehold interest of its Madrid data centre. The company added it has also completed what it describes as a significant lease agreement with IBM at the facility.
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News
KEL pension moves into office space
UK – The pension fund of UK-based software company KEL has acquired a UK office for £2.81m (€3.29m).
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News
Ilmarinen eyes potential in indirect real estate
INLAND – The Ilmarinen Mutual Pension Insurance Company in Finland has identified four main areas of opportunity to investigate in its bid to increase its indirect real estate exposure, including ‘secondaries’ and infrastructure.
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News
Canadian pension fund develops Chinese connection
CANADA/CHINA – The Canada Pension Plan Investment Board (CPPIB), investment manager of the $105bn (€73.9bn) Canada Pension Plan, has entered into a joint venture (JV) with Goodman Group to own and develop logistics assets in mainland China.
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News
CBRE predicts UK property turn
UK/EUROPE – The commercial real estate market in the UK "finally turned the corner" in July, according to CB Richard Ellis, as its monthly index recorded positive total returns for the first time since June 2007.
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News
Texas Teachers capitalises on REITs
UNITED STATES - Teacher Retirement System of Texas is making new investments of its capital in public real estate as the sector is said to be showing signs of good returns.
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News
Rockpoint checks in for US hotel purchase
UNITED STATES - The Rockpoint Group has completed its first acquisition in the United States in 18 months, with the $10m (€6.93m) deal to purchase the 434-room Newton Marriott Hotel in Massachusetts.
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PropertyEU Archive
Prime office yields steady in major markets: JLL
European office market yield decompression continues to stabilise with yields in many markets holding, according to Jones Lang LaSalle's Q2 2009 European Office Yields Tracker. Yields held in around half of Europe’s office markets, although many markets saw yields stabilise in Q1 2009 only to move out again in ...
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PropertyEU Archive
Multi signs cable car lease agreement for Czech mall
Multi Development and the city of Ústí nad labem in the Czech Republic have signed the lease for the lower station of the cable car in Multi‘s forum shopping centre in the heart of Ústí.
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PropertyEU Archive
Falling office demand pushes yields out in CEE
Changed economic conditions have caused occupiers of office space to reconsider their cost bases in Central and Eastern Europe (CEE), leading to decreased demand for office space and downward pressure on rents in many markets, according to CB Richard Ellis’ forthcoming report, CEE Office Investment MarketView H1 2009.
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PropertyEU Archive
Deka buys retail warehouse complex in Trier
German fund manager Deka Immobilien said it has acquired a retail warehouse complex in Trier for its WestInvest TargetSelect Shopping fund. Financial details were not disclosed.
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PropertyEU Archive
BMP holds first Euro-Arab RE conference
Barcelona Meeting Point is holding the first Euro-Arab Real Estate Conference on 27 and 28 October. The theme of the special gathering of Arab investors, brokers and developers will be the 'Islamic Way of Doing Business'.
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PropertyEU Archive
Black Sea takes majority stake in Rutley
Black Sea Global Properties (BSGP) has acquired 75.49% of the shares in Rutley European Property. BSGP had already acquired 150,000 Rutley shares prior to its takeover bid, bringing the total to 75.56%.
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PropertyEU Archive
Henderson fund acquires retail park for EUR 41.6m
Henderson Global Investors has announced that its pan-European retail property fund, Herald, has acquired the Stanley Green Retail Park in Wilmslow, Manchester, from Aviva Investors for £35.6 mln (EUR 41.6 mln). This represents a net initial yield of 7%.
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PropertyEU Archive
Berlin Hyp books solid H1, thanks to Pfandbrief issues
German property financier Berlin Hyp said Pfandbrief issues with a total volume of EUR 742 mln in the first half of 2009 have provided it with a comfortable level of liquidity that will enable it to assert itself on the market, even under conditions of a sustained economic downturn.
