Latest reports – Page 3290
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News
Cross-border activity rises in Europe
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
C&W sees German investor return to real estate
GERMANY – Real estate consultant Cushman & Wakefield (C&W) is convinced the slowdown in real estate investment among German institutional investors is over.
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PropertyEU Archive
Take-up rises 32% in UK in Q2
Take-up in the UK office market rose 32% to 1.4 million sq ft in Q2 after a very slow first quarter, with 50% of the take-up generated by four deals, according to a new report by King Sturge. Year-on-year, however, take-up fell in Q2 by 25%.
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PropertyEU Archive
Befimmo books profit in Q3 of 2008/2009 fiscal year
Belgium’s Befimmo reported a net profit of EUR 12 mln in the third quarter following a limited decline in the fair value of its properties of EUR 8 mln. Despite the improved third-quarter performance, the Brussels-based company booked a net loss of EUR 37.4 mln over the first nine months ...
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PropertyEU Archive
Lower supply in London will boost recovery - CBRE
A new report from CB Richard Ellis shows that the impact of low levels of development in central London may lay the foundation for medium term rental recovery. The projected three-year average completion rate will drop well below 2 million sq ft per annum in 2012-13 which, on past form, ...
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PropertyEU Archive
Rental outlook still gloomy, despite improved economy: RICS
Despite improvements in economic data and a moderation in the pace of decline in capital values in all world regions in Q2, rental expectations deteriorated further in Europe, according to the latest RICS Global Property Survey.
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PropertyEU Archive
CBRE to provide FM services for Pfizer
CB Richard Ellis Group, has been selected by Pfizer Incorporated, the world's largest research-based biomedical and pharmaceutical company, to provide facilities management services across 10 of Pfizer’s offices in nine European cities.
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PropertyEU Archive
FDL reduces debt and vacancy levels
Foncière Développement Logements, a subsidiary of Foncière de Régions, reported group revenue flat at EUR 106.4 mln in the first half, leading to a 4% rise in earnings per share. Rental income increased 1.7% over the period, reflecting a 2.25% rise in France and 1.6% growth in Germany. The vacancy ...
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PropertyEU Archive
Prologis posts lower net EPS in Q2; makes progress on deleveraging
Global logistics property provider Prologis said net earnings in the second quarter of 2009 fell to $0.58 (EUR 0.41) per diluted share, compared with $0.76 per diluted share in 2008. Included in the Q2 2009 figure were $0.46 of additional gains, primarily associated with the sale of non-development properties.
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PropertyEU Archive
FDR sees limited devaluation of portfolio in H1
French office landlord Foncières des Regions reported rental income rose 3.8% on a like-for-like basis to EUR 309 mln in the first half of 2009. Including disposals, the figure was 3.2% lower year-on-year.
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PropertyEU Archive
Commerz Real buys in Canada
German investor Commerz Real has acquired the Stampede Station office building in Calgary, Canada for EUR 48.5 mln. The property, with a gross lettable area of nearly 15,000 m2, was completed in January 2009 and is fully let on long-term leases. The acquisition was made on behalf of Commerz Real's ...
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News
AIFM could bring less fund choice, claims law firm
EUROPE – A Paris-headquartered law firm has warned current proposals for the Alternative Investment Fund Managers (AIFM) Directive could lead to a lack of choice of funds in the future unless European officials can work with US and international counterparts to improve regulatory terms on alternative investments.
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PropertyEU Archive
NSI posts 2.3% higher direct result in H1
Dutch real estate firm Nieuwe Steen Investments (NSI) said it wrote down 2.4% on its property portfolio in the first half of 2009 after the value of its assets fell by some by EUR 4.8 mln to EUR 1.34 bn in the second quarter.
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PropertyEU Archive
Neinver buys land in Algarve to develop outlet
Spanish real estate company Neinver said it has bought land in Portugal's Algarve region to develop its second outlet centre in that country. Neinver plans to invest EUR 60 mln in the project, which will be located in one of the best tourist areas in the country and create between ...
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PropertyEU Archive
Land Secs closes EUR 416m bond in securitisation deal
UK REIT Land Securities said on Wednesday it has closed a £360 mln (EUR 416 mln) bond through the securitisation of an office property on Queen Anne's Gate in London.
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PropertyEU Archive
PEPR portfolio drops 13% in value in first half
Prologis European Properties (PEPR), Europe’s largest owner of modern distribution facilities, on Thursday reported a 13% devaluation of its portfolio over the first six months of 2009 to nearly EUR 3 bn from EUR 3.4 bn at year end 2008. Excluding disposals and foreign exchange adjustments, the drop in value ...
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PropertyEU Archive
Activum acquires office building in Frankfurt
Activum, the European real estate investor and turnaround manager, said it has acquired an 8,800 m[sup]2[/sup] office building in Frankfurt from WestFonds Immobilien-Anlagegesellschaft mbH, a wholly owned subsidiary of WestLB. The parties agreed not to disclose the transaction volume.
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PropertyEU Archive
Unibail-Rodamco writes off 8% in H1
Unibail-Rodamco, Europe’s biggest property investor, wrote off EUR 1.9 bn or 8.2% on its portfolio in the first half of 2009, valuing its assets at EUR 22.8 bn, the company reported on Wednesday. The devaluation brings the total asset write-down over the last 12 months to EUR 3.7 bn ...
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PropertyEU Archive
Epra warns on effects of property accounting changes
Proposed changes to international accountancy rules on leased assets could have a detrimental effect on transparency in the property sector, the European Public Real Estate Association (EPRA) has warned.
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PropertyEU Archive
Trigranit secures biggest property loan in CEE
A financing deal valued at EUR 150 mln for the construction of Trigranit’s Arena Zagreb represents the largest direct foreign investment in the building sector in Central Eastern Europe since the start of the financial crisis, the Budapest-based company said in a press release.
