Latest reports – Page 3289
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PropertyEU Archive
Rising vacancy levels drive down office rents - JLL
Prime European office rents declined by 4.6% in the second quarter of 2009 compared with the previous three months and are now on average 15.4% lower than in Q2 2008, according to Jones Lang LaSalle's Q2 2009 European Office Clock Report. At the same time, the overall vacancy rate increased ...
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PropertyEU Archive
Britannia Hotels buys Heathlands Hotel out of adminstration
Britannia Hotels has bought the Heathlands Hotel in Bournemouth from its joint administrators Andy Beckingham and Matthew Chadwick of BDO Stoy Hayward LLP for an undisclosed amount. The deal was brokered by property agent Christie + Co.
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PropertyEU Archive
Top UK commentator Kaletsky dispels property market fears
Leading UK economic commentator Anatole Kaletsky has dismissed three of the most widely discussed threats to the property market, saying they are 'pretty far fetched' and often presented as 'indisputable facts'.
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PropertyEU Archive
Luxury London hotel falls into administration - The Times
A five-star luxury hotel and apartment development situated on The Strand in London and designed by Lord Norman Foster’s architecture firm, has gone into receivership after construction stalled last year, The Times reported this week.
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PropertyEU Archive
Iii-investments launches first green building fund
Germany's iii-investments has launched the first real estate special fund to invest exclusively in green buildings. The Green Building Fund aims to invest EUR 400 mln within the next two to three years, with maximum 50% financing.
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PropertyEU Archive
Exhibition space at this year’s Expo back to 2007 levels
The Expo Real commercial property trade fair in Munich will cover six halls and 64,000 m[sup]2[/sup] of space this year, one hall less than in 2008, according to Eugen Egetenmeir, board member of fair organiser Messe München. This is equivalent to the surface area registered in the growth year of ...
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PropertyEU Archive
Prologis extends lease maturity on Italian asset
Prologis European Properties (PEPR), Europe’s largest owner of modern distribution facilities, has announced that it has extended for a further three years the maturity of two lease agreements in Prologis Park Piacenza in Italy with Difarco, Italy's leading distribution company for cosmetics and pharmaceuticals.
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PropertyEU Archive
German open-ended funds see EUR 3.1 bn inflows in H1
German open-ended property funds recorded EUR 3.1 bn in net inflows over the first six months of 2009, bringing total fund volume to EUR 87.5 bn at end-June compared with EUR 87.2 bn in the year-earlier period, fund industry body BVI reported on Tuesday.
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PropertyEU Archive
Prologis closes new bank loan with Eurohypo
Prologis European Properties (PEPR), Europe’s largest owner of modern distribution facilities, has closed and received funding for a new four-year secured bank loan facility for £86.145 mln (EUR 100 mln) with Eurohypo. Net proceeds from the loan will be used to reduce outstanding debt.
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PropertyEU Archive
Cross-border investment rebounds in Europe in Q2: JLL
Cross-border commercial real estate investment activity rebounded in Europe in the second quarter of 2009, signalling increased appetite from international and pan-European investors, according to Jones Lang LaSalle’s new European Capital Markets Bulletin. Cross-border investment accounted for 52% of total direct commercial investment volumes, up from a low of 27% ...
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PropertyEU Archive
C&W sees more appetite from institutional investors
Institutional investors will show more appetite for real estate in the second half of 2009, adviser Cushman & Wakefield predicts. 'Whilst many institutional investors used the first half of the year in particular for the strategic realignment of their portfolios in view of the global economic crisis and, as a ...
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PropertyEU Archive
Risanamento board approves debt plan ahead of court hearing
The management board of Italian property developer Risanamento has approved a debt restructuring plan which will enable it to receive a EUR 150 mln cash injection, the company said in a statement late on Monday.
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PropertyEU Archive
Hochtief seals new leases at KOMM mall
Hochtief Projektentwicklung, the development arm of builder Hochtief, has concluded further leases for its KOMM Shopping Center in Offenbach. The jewellery chain Christ, fashion company Bestseller with the Vero Moda and Jack & Jones concepts, and Xenos, a provider of home furnishings and gifts are together renting around 1,000 m[sup]2[/sup] ...
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PropertyEU Archive
Capital values stabilising in UK market
After two years of dramatic decline, capital values are now stabilising for UK property, according to the UK Quarterly Snapshot from Aberdeen Property Investors. Investor demand is returning, aided by sterling's fall over the past year, the report said.
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PropertyEU Archive
Evans Randall secures loan for Milton Gate deal
CB Richard Ellis has announced that its EMEA Debt Advisory team has successfully procured £79.375 mln (EUR 91.927 mln) in debt financing to facilitate UK investor Evans Randall in its £127 mln acquisition of Milton Gate, London EC3.
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News
US pension giants lose big on real estate
EUROPE – Many of Europe’s cross-border investors returned to the real estate market in the second quarter, replacing domestic investors as the most dominant active group.
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News
ING calls the bottom of UK real estate
UK – The commercial real estate market in the UK has bottomed out in relation to property yields, according to Ian Whittock, chief investment officer at ING Real Estate Investment Management.
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News
BMW pension redistributes its real estate
UK – The UK pension fund of car manufacturer BMW has sold a distribution centre in Europort, Wakefield to UK real estate company Patrick Properties.
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News
Axa REIM edges towards China real estate fund
ASIA/EUROPE – AXA Real Estate Investment Managers (AXA REIM) has moved one step closer to creating a dedicated Chinese real estate fund.
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News
Aviva to invest £1bn in UK rental housing
UK – Aviva Investors is intending to launch a real estate fund aimed at pension funds and institutional investors that will invest in UK residential assets.
