Latest reports – Page 3285
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PropertyEU Archive
Starwood finalises Golden Tulip takeover
Starwood Capital has finalised the takeover of the Golden Tulip Hospitality Franchise Business through an affiliate company. The deal also encompasses Golden Tulip's Development & Representation businesses, Joint Venture interests, and the brands, trademarks and intellectual property of Golden Tulip, Tulip Inn and its related brands.
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PropertyEU Archive
LaSalle refinances EUR 300m debt during H1 2009
LaSalle Investment Management (LaSalle) has said it refinanced almost EUR 300 mln of debt during the first half of 2009. The deals provided follow-up financing for some existing assets and funded the acquisition of a number of new properties for its pan-European portfolio.
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PropertyEU Archive
Publisher Europe Real Estate in restart
Europe Real Estate, the publishing company of Dutch business entrepreneur Marinus Dijkman, will undergo a restart under the banner of Dijkman Publishers. The Hague-based company went into administration in May following an unsuccessful bid to obtain court protecition from creditors. Dijkman said the bankruptcy only affected the yearbook activities.
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PropertyEU Archive
Hollister store to open in MyZeil
Abercrombie & Fitch has confirmed it is bringing the Southern California lifestyle to Germany with the opening of the first Hollister store at the shopping centre MyZeil in Frankfurt.
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PropertyEU Archive
Hypo posts net loss of EUR 750m in Q2
Troubled German property financier Hypo Real Estate (HRE) has announced a net loss of EUR 750 mln in the second quarter of 2009 compared to a profit of EUR 12 mln in the same period last year. Overall, the bank recorded a net loss of EUR 1.1 bn for the ...
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PropertyEU Archive
GPT Halverton concludes re-letting deal in Netherlands
GPT Halverton has concluded a large letting deal for its multi-let light industrial fund, HBI, in Emmen, the Netherlands. The current tenant, Emsland Starcke Logistics, renewed a lease of 17,101m[sup]2[/sup] of warehouse space for another three years.
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PropertyEU Archive
Generali buys Dusseldorf resi project
Insurer Generali has acquired the Zoo Park residential complex in Dusseldorf for EUR 40 mln from Bema Enterprise Group, Thomas Daily reported. The transaction was said to have taken place at end-2008, before the actual development phase.
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PropertyEU Archive
Goodman gets capital injection from CIC, CPPIB
Australian industrial group Goodman announced on Thursday that it had taken measures to significantly bolster its balance sheet. The measures include an extensive debt restructuring, a $1.3 bn fully underwritted equity raising and a $0.5 bn capital injection from China Investment Corporation (CIC). In addition, it has formed a $0.2 ...
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PropertyEU Archive
UK pooled property funds record net inflow in Q2
Over £320 mln (EUR 373 mln) of new money was invested in UK unlisted pooled property funds (PPFs) during the second quarter of 2009, according to the latest report published by the Association of Real Estate Funds (Aref).
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PropertyEU Archive
DTZ awarded Shell property management contract
Shell International Petroleum has awarded DTZ a contract to supply real estate management services for approximately 5,000 retail outlets in 11 countries in North America and Asia/Pacific.
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PropertyEU Archive
Invista sees fall in property values slowing
Invista Real Estate Investment Management sees property values falling at a slower rate as the emphasis shifts from a capital to a leasing correction and parts of the European economy start to stabilise.
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PropertyEU Archive
Realia close to selling Seville's Nervion Plaza for EUR 80m
Spanish property company Realia is in advanced negotiations to sell the Nervion Plaza shopping centre in Seville to fund manager Henderson Group for around EUR 80 mln, news agency Reuters reported, quoting three sources familiar with the deal. Nervion Plaza is located near the Seville football stadium, and provides over ...
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PropertyEU Archive
Industrial development rises in H1: DTZ
The amount of completed industrial developments in Budapest rose during the first half of 2009 by 123,000 m[sup]2[/sup] to 1.54 million m2, according to adviser DTZ.
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PropertyEU Archive
Jones Lang LaSalle wins mandate for Dusseldorf's Kö-Bogen
Jones Lang LaSalle has won the exclusive mandate from developer Projektentwicklung Dusseldorf to market its most recent development project, the Kö-Bogen, a 39,500 m[sup]2[/sup] mixed-use scheme in Dusseldorf. The city centre development comprises nearly 20,000 m[sup]2[/sup] of prime office space and an additional 19,500 m[sup]2[/sup] of retail and restaurant space, ...
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PropertyEU Archive
Bad property debts hit Lloyds
Lloyds Banking Group booked a pre-tax loss of £4 bn (EUR 4.7 bn) as bad debts in the first half of the year rose to £13.4 bn, of which £10.7 bn came from HBOS. The bulk of the bad loans comprised commercial real estate loans, the bank said.
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PropertyEU Archive
DTZ appointed as agent at Good Point Pulawska
DTZ has been appointed by PBW Polska as the leading agent for Good Point Pulawska distribution centre. The property located 15 km from Warsaw, is a modern distribution centre with a total lettable area of 43,500 m[sup]2[/sup].
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PropertyEU Archive
Prime office rents fall further across Europe - Savills
Demand for lower rents and the fact that many tenants are also renegotiating the terms of their leases caused prime office rents to fall across the European office market in the second quarter, according to a new report from Savills. However, prime CBD rents in Q2 only dropped by -4% ...
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PropertyEU Archive
ICSC and European retailers work to reduce carbon emissions
The International Council of Shopping Centers (ICSC) has called for closer co-operation between retailers and property companies to reduce energy use and carbon emissions in stores and shopping centres across Europe.
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PropertyEU Archive
GPT to exit overseas markets
Sydney-based GPT Group has announced plans to withdraw to its home market and exit all overseas and non-core investments over time. 'The strategy is designed to restore shareholder confidence over time and deliver transparency, stability and security to the group's returns,' the company said in a press release.
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MagazineDanes take stock
Reassess investment processes; address alignment and look again at fee structures; invest opportunistically. These were among the issues Danish investors were dealing with when Martin Hurst visited some of them recently.
