Latest reports – Page 3309
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PropertyEU Archive
Cofinimmo raises EUR 26.4m in share placement
Belgian property company Cofinimmo has raised EUR 26.4 mln following the successful placement of 330,000 ordinary shares at a price of EUR 80 per share. The funds will be used by Cofinimmo as part of a broader plan to fund committed capital expenditures and strengthen the group's consolidated balance sheet.
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PropertyEU Archive
Top listed firms suffer EUR 44 bn devaluations in 2008
PropertyEU's second annual review of the top listed investors in European real estate shows the top 80 firms recorded a total of EUR 44 bn in devaluations of their investment portfolios last year.
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PropertyEU Archive
Henderson launches European ABS opportunity fund
Henderson Global Investors is set to launch a European opportunity fund to acquire asset-backed securities. The team aims to raise over EUR 250 mln this year with the first closing scheduled for 1 July 2009.
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PropertyEU Archive
BNP's Crescita fund completes asset sale
BNP Paribas REIM's Portfolio Immobiliare Crescita fund in liquidation has completed the sale of all its remaining properties in Italy during the Expo Italia Real Estate (EIRE) property fair held this week in Milan.
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PropertyEU Archive
Kadrige takes office space at Gecina property in Paris
French real estate group Gecina has announced that medical web services firm Kadrige has signed a lease for 796 m[sup]2[/sup] of office space at 120-122 rue Réaumur, Paris 2. The renting of the 6th and 7th floor represents the last available office space in the 5,000 m[sup]2[/sup] building.
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PropertyEU Archive
Italian property investment set to halve in 2009: JLL
Investment in Italian commercial property is set to fall further this year with full-year volumes expected to halve to EUR 2 bn, from around EUR 4 bn a year earlier, according to Douglas Babington-Smith, head of the Italian office capital markets team at Jones Lang LaSalle. In the second quarter ...
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PropertyEU Archive
JLL advises EU Commission on bad property loans
Jones Lang LaSalle's European Valuations Team is advising the European Commission to take a consistent approach to valuations of distressed assets destined for government assets relief schemes.
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PropertyEU Archive
Equity raising spreads as European firms seek EUR 6 bn
A dozen listed real estate firms in Europe - led by the UK - have raised more than EUR 4.6 bn in new capital since the start of the year, and the trend looks set to continue. A study by PropertyEU shows that at least nine other listed property companies ...
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PropertyEU Archive
WDP launches public offering to raise EUR 72m
Belgium-based warehouse property group WDP has unveiled a EUR 72 mln capital increase with preferential rights to fund new projects and to pay down short-term debt.
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PropertyEU Archive
Land Secs sells Liverpool retail park at 8.5% yield
Land Securities has said it has exchanged contracts for the sale of the freehold interest in Racecourse retail park Aintree, Liverpool to London & Stamford Retail for £61 mln (EUR 71.6 mln).
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PropertyEU Archive
Hypo merges Pfandbrief banks
Hypo Real Estate (HRE) has taken steps to merge its two Pfandbrief banks - Hypo Real Estate Bank, Munich and DEPFA Deutsche Pfandbriefbank, Eschborn - following approval in early June from the AGMs of both companies. This week, the troubled bank made an official request for the merger at the ...
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PropertyEU Archive
EstCapital launches energy property fund
EstCapital plans to reach the first closing for its new RealEnergy fund by the end of this year, CEO Federico Tosato told PropretyEU in an interview. The fund - Italy's first vehicle to invest in environmental buildings and energy-producing properties - is expected to raise up to EUR 100 mln ...
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PropertyEU Archive
Ric Lewis: the explorer
The June edition of PropertyEU Magazine features a profile of veteran real estate investor Ric Lewis. In early June, Lewis launched a new real estate investment management company, named Tristan Capital Partners. Tristan will specialise in real estate investment strategies across the UK and Continental Europe drawing upon Lewis' extensive ...
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PropertyEU Archive
ING UK sells Maidenhead property
ING UK Real Estate Income Trust, a Guernsey registered closed-ended investment company, has announced the sale of an office property at Arena Court, Crown Lane, Maidenhead, for £9.68 mln (EUR 11.25 mln). The deal is expected to be completed later this month.
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PropertyEU Archive
Further pain in commercial property is yet to come: DTZ
Further pain in commercial property prices is yet to come, as property prices will continue to slide globally through this year and will only stabilise during 2010.
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PropertyEU Archive
EstCapital close to deal in London's West End
Italian fund manager EstCapital is close to brokering a deal on a 5,000 m[sup]2[/sup] office building at the heart of London's West End district. The acquisition, with a volume of around £35mln (EUR 40.7 mln), is expected to be completed within the next two weeks, Federico Tosato, CEO of EstCapital, ...
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PropertyEU Archive
European deal activity set to increase - C&W
Investment in commercial property in Europe should increase in the latter part of 2009 following a disastrous first quarter, which saw just EUR 11.4 bn invested in the sector, Cushman & Wakefield predicts in its latest Economic Pulse report.
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PropertyEU Archive
CBRE Investors to deliver 40,000 m[sup]2[/sup] of offices in Milan
CBRE Investors plans to develop around 40,000 m[sup]2[/sup] of office space near Milan, Northern Italy, with completion scheduled for 2010-2011. The two new projects follow the development of CBRE Investors' flagship Affori Centre project in the city, which is scheduled for completion in September.
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PropertyEU Archive
UK occupier satisfaction remains stable
Satisfaction levels amongst commercial tenants has remained static despite the economic downturn as costs become a priority and service charges come under further criticism, according to the 2009 UK Occupier Satisfaction Index (OSI).
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PropertyEU Archive
CBRE seeks to raise $550 mln to repay debt
The world's largest property adviser CB Richard Ellis announced on Wednesday plans to sell $400 mln (EUR 286 mln) of 10-year notes and $150 mln of shares to pay down its short-term debt.
