Latest reports – Page 3287
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PropertyEU Archive
GPR 250 Europe index gains in July
The GPR 250 index of European property stocks rose 11.2% in July after a 1.1% loss in June. The European index outperformed all other regions including the Americas and Asia which booked increases of 9.7% and 4.5% respectively.
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PropertyEU Archive
Prime office and industrial rents still falling: King Sturge
Prime office and industrial rents are still falling, according to King Sturge's European Property Indicators survey. While London is seeing a lower rate of decline in the office sector, in Paris and Amsterdam prime office rents are still falling, the survey concluded. Meanwhile the industrial sector is stabilising in markets ...
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PropertyEU Archive
Supply of top hotels rises in Polish capital: C&W
In the second quarter of 2009 the supply of chain hotels in Poland rose to include five new four- and five-star hotels, according to a new report by UK adviser Cushman & Wakefield. While most major Polish cities saw the completion of new hotel developments, Poznan lagged behind, particularly given ...
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PropertyEU Archive
Neinver completes acquisition of Castel Guelfo Outlet
Pan-European real estate group Neinver has completed the acquisition of the second and final phase of Castel Guelfo Outlet centre in the Italian province of Bologna for EUR 41.7 mln on behalf of the Irus European retail property fund.
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PropertyEU Archive
AXA fund completes EUR 150m acquisition of Bergamo mall
AXA Immoselect, a German open-ended fund managed by AXA Investment Managers in Germany, has completed the acquisition of the Antegnate shopping centre in Bergamo, northern Italy for EUR 150 mln.
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PropertyEU Archive
Hammerson portfolio value drops 14% in H1
UK REIT Hammerson said its portfolio declined 14% in value to £4.7 bn (EUR 5.5 bn) in the first half of 2009 from £6.5 bn a year earlier, reflecting difficult conditions in the commercial property market. As a result, adjusted net asset value per share fell to £3.73 from a ...
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PropertyEU Archive
C&W appointed as letting agent for Infopark A in Budapest
Real estate adviser Cushman & Wakefield (C&W) has been appointed as the exclusive letting agent for the high-profile office building Infopark A in South Buda on behalf of Europolis, one of the leading real estate investors in CEE.
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News
Distressed assets are at risk - RCA
US – The sum of US real estate ‘in distress’ has doubled since the start of the year and the equity of $1.3trn (€900bn) investing in US property is at risk, according to data providers Real Capital Analytics.
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News
S&P sees brief signs of listed real estate recovery
GLOBAL – Listed commercial real estate markets are showing signs of a recovery according to the latest quarterly global property and real estate investment trust (REIT) report from Standard & Poor’s.
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News
European offices show signs of improvement
EUROPE – Cushman & Wakefield says European commercial real estate markets are beginning to show signs of stabilising, just as International Property Databank (IPD) has announced the return of yield compression in UK West End office markets.
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News
Prupim trials reveal sustainability gains
UK – Prupim, the real estate division of the UK life assurer Prudential, has announced significant cuts in the environmental impact of its property portfolio in 2008, including sharp reductions in carbon dioxide emissions and water usage.
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News
III-Investments goes green on real estate
GERMANY – HypoVereinsbank subsidiary III-Investments has launched the first real estate spezialfond to invest exclusively in ‘green’ real estate assets.
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News
New Mexico moves into private real estate
UNITED STATES - New Mexico Educational Retirement Board is currently transiting out of public REITs and reinvesting the capital via a private real estate strategy.
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News
Sacramento County to hold onto AEW fund
UNITED STATES - Sacramento County Employees Retirement System has extended the investment period for its AEW Value Investors II holding.
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PropertyEU Archive
Norwegian Property appoints new VP investor relations
Elise Heidenreich has been appointed vice-president for investor relations at Norwegian Property from October 1, replacing Truls Birkeland.
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PropertyEU Archive
Aref adds nine new members
The Association of Real Estate Funds (AREF), the representative body for UK unlisted commercial real estate funds, has expanded it membership with the addition of Connaught Asset Management’s Diversified Strategic Land fund and eight affiliate members. This brings AREF’s membership to a total of 70 funds, representing £22 bn in ...
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PropertyEU Archive
GPT to manage BGP's real estate portfolio
GPT Halverton has been appointed investment and asset manager for the European real estate portfolio of BGP Holdings, the company announced on Friday. The mandate will boost GPT Halverton’s assets under management to over EUR 3 bn.
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PropertyEU Archive
Retail schemes in Hungary face delays: DTZ
A total of 83,000 m[sup]2[/sup] of retail space was completed in Hungary in the first six months of 2009, according to a new research report from adviser DTZ. This brings Hungary’s total modern retail stock to 1.77 million m[sup]2[/sup].
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PropertyEU Archive
JLL announces appointments in Kiev
Daniil Vladov has been appointed Head of Jones Lang LaSalle’s representative office in Kiev, Ukraine. This follows the departure of Peter Honey, who has returned to Jones Lang LaSalle’s London office to support the growth of the firm’s European Corporate Solutions business.
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PropertyEU Archive
Investec and Credo acquire landmark London property
Investec Property Investments, a division of specialist bank Investec Bank Plc and Credo Property Group have announced the acquisition of 20-24 Carlton House Terrace, London SW1 for approximately £70 mln (EUR 82 mln) from Hermes Real Estate, one of the UK’s largest real estate managers. The building has been acquired ...
