Latest reports – Page 3294
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PropertyEU Archive
CBRE sees yields stabilising in Q2 on higher investment
Investment in the European commercial real estate market rose 12% in Q2 to EUR 13 bn from EUR 11.6 bn in the previous quarter, according to figures from CB Richard Ellis. The increase in activity was heavily weighted towards the last few weeks of the quarter, the adviser said.
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PropertyEU Archive
Institutional investors eye shift to real estate: Invesco
Real estate is one of the key beneficiaries of a major shift in asset allocation preferences among European institutional investors recorded by the 2009 European Institutional Asset Management Survey (EIAMS). The annual survey is now in its ninth year and has been supported by investment manager Invesco throughout this period.
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PropertyEU Archive
Budapest office market holding up: DTZ
Hungary's deepening economic crisis has damaged investor sentiment towards the country, but Budapest's occupational office market has proven more resilient to the downturn, according to DTZ's latest Office Market Report.
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PropertyEU Archive
Office vacancy in Baltic capitals to slow by end-2009
Rental levels fell at the fastest ever rate in all three Baltic capitals - Vilnius, Riga and Talinn - in the first half of 2009, with declines in excess of 30%, according to Re&Solution. However, rents stabilised toward the end of the period and are expected to bottom out in ...
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PropertyEU Archive
Laxey's Terra Capital gains control of Spazio
Laxey's Terra Catalyst Fund has announced that it has received acceptances in respect of 37.5% of Spazio's ordinary shares, effectively gaining control of the AIM-listed concern. Terra Catalyst already held more than 20% of the company's shares.
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PropertyEU Archive
Investment down 86% in CEE in H1: CBRE
Investment turnover in commercial real estate in Central and Eastern Europe (CEE) totalled approximately EUR 560 mln in the first half of 2009, according to CB Richard Ellis' forthcoming report, CEE Property Investment MarketView H1 2009. The figure marks a decline of 86% from volumes seen in H2 2008 and ...
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PropertyEU Archive
CBRE sees investor demand improving in Ireland
The first six months of 2009 represented an unprecedented period in the Irish property investment market with only EUR 41.6 mln invested over the period. The slump in transactional activity reflected curtailed bank funding and a lack of clarity regarding values which had a severe impact on investment activity, according ...
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PropertyEU Archive
Savills to sell two WG Mitchell portfolios for E&Y
Consultancy firm Ernst & Young has appointed Savills to sell two WG Mitchell portfolios in the UK. Savills will advise the administrators, who were appointed on 1 April 2009, on a mixed-use portfolio which comprises 15 properties with an estimated overall value of up to £40 mln (EUR 46.24 mln).
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PropertyEU Archive
Morgan Stanley freezes GEOF for subscriptions
US bank Morgan Stanley froze its EUR 1.7 bn German open-ended property fund, P2 Value, for subscriptions on Monday, according to a report by news wire Reuters. The company said that the value of properties held by the fund may need to be cut considerably.
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PropertyEU Archive
Invesco buys Novotel in The Hague
Invesco European Hotel Real Estate Fund has acquired the Novotel in the World Forum in The Hague from Dutch developer TCN. No financial details were disclosed. The 216-room hotel has a total surface area of 10,000 m[sup]2[/sup] and is leased on a long-term basis to Accor Hotels.
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PropertyEU Archive
Banimmo completes its first transaction in Antwerp
Belgium's Banimmo has announced that it has transferred all the rights of the Atlantic House building and its parking located at Noorderlaan 147 in Antwerp to Atlantic Certificates. Atlantic Certificates has financed the acquisition through the private issue of real estate certificates placed by Bank Degroof with institutional and private ...
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PropertyEU Archive
Litana begins mall construction in Lithuania seaport
The general contractor Litana is starting construction on a new district shopping centre in the Lithuanian seaport city of Klaipeda.
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PropertyEU Archive
Redevco to partner on shopping centre project in China
Redevco has entered into a strategic partnership with Chinese firm Shui On Land for the development of the shopping centre section in the Wuhan Tiandi Commercial Cluster in the Chinese city of Wuhan.
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PropertyEU Archive
London & Stamford raising EUR 255m, mulls REIT conversion
AIM-listed London & Stamford announced on Friday it was seeking to raise £219.5 mln (EUR 255 mln) net of expenses to continue to exploit ongoing acquisition opportunities in the UK real estate market.
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PropertyEU Archive
Catella rejigs German business
Catella Property Group has announced the re-organisation of its German operation. The company said it will concentrate on providing real estate investment and portfolio advisory, letting, product and development management, all supported by in-depth research services to the German market.
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PropertyEU Archive
European investment market volumes stabilise in Q2 - JLL
Direct investment in commercial real estate in Europe stood at EUR 24 bn in the first half of 2009, with the volume in the second quarter similar to that in the first, according to new research from Jones Lang LaSalle.
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PropertyEU Archive
IVG leases 6,800 m[sup]2[/sup] to Universal Investment in Frankfurt
German listed real estate group IVG has let 6,800 m[sup]2[/sup] of office spaces in the Frankfurt Central project development to financial service provider Universal Investment. Almost 70, 68% of the space has now been let before the end of construction. The leasing transaction includes 90 parking sites and a storage ...
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PropertyEU Archive
Dev Secs raises £100m in open offer
UK real estate firm Development Securities has announced that has completed its fully underwritten share issue to raise £100 mln (EUR 116.5 mln). Development Securities said it received valid acceptances in respect of 14.4 million, or 57.7% of the open offer Shares from shareholders. The remaining 10.6 million shares ...
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PropertyEU Archive
Germany's iii-investments purchases office building in Paris
German investment company, iii-investments, has purchased a seven-storey office building in Paris on behalf of a special fund it manages. The financial details were not disclosed.
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PropertyEU Archive
Ciref makes takeover approach to Glanmore
AIM-listed Ciref has approached the larger Glanmore Property Fund (Glanmore) about a potential takeover offer.
