Latest reports – Page 3311
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PropertyEU Archive
Mipim Horizons merges with Mipim
Fair organiser Reed Midem has announced that the second edition of Mipim Horizons, the international property market dedicated to the world's fast-growing regions, will coincide with the annual Mipim fair in Cannes next year from 16-19 March.
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PropertyEU Archive
Soffin to squeeze out minority HRE shareholders
Following its takeover of a 90% stake in troubled property lender Hypo Real Estate, the German financial markets stabilisation fund Soffin plans to squeeze out US investor Christoper Flowers, it said on Monday.
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News
ATP trains its eye to 'club’ investments
DENMARK – ATP Real Estate still has €300m of outstanding equity to put into the non-listed real estate markets, but has moved its focus away from large commingled funds to club deals with like-minded investors.
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News
UK commercial loans at risk of covenant breach
UK – More than three-quarters of UK commercial real estate loans could be in breach of their loan to value (LTV) covenants and there could be up to £50bn (€57bn) of negative equity in the market, according to William Newsom, head of valuation at Savills.
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News
Lewis moves onto next venture
EUROPE – Ric Lewis has left AEW Europe but will continue to advise two of its institutional real estate funds from the helm of new fund management company Tristan Capital Partners.
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News
Kansas PERS expands into infrastructure
UNITED STATES - Kansas Public Employees Retirement System has made its first ever investment in infrastructure with a $50m (€35.2m) commitment into the Brookfield Americas Infrastructure Fund.
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News
Germany overtakes UK as biggest European market – IPD
EUROPE - The UK has dropped from second to fourth ranking in the global market, according to IPD.
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News
Mark turmoil encourages AlaskaPerm to rethink weightings
UNITED STATES - The Alaska Permanent Fund Corporation has increased its targeted allocation to real estate from 10% to 13%, to help cope with the impact of the financial markets crisis on its portfolio.
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PropertyEU Archive
Invista sells York retail unit above valuation price
Invista Foundation Property Trust has announced the sale of a retail unit in York to an in-house fund of Nightingale Partners. The £1.9 mln (EUR 2.17 mln) disposal price reflects a net initial yield of 5.5% and was 9.8% above the 31 March 2009 valuation, the company said in a ...
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PropertyEU Archive
Generali Vie buys Chambery mall for EUR 52m
Generali Vie has bought the Halles de Chambery shopping centre project in France from developer Virgil for EUR 52 mln. The scheme will provide around 14,000 m[sup]2[/sup] of retail space on opening in the fourth quarter of 2011. Major retailers include Fnac, H&M et Monoprix. Halles de Chambery will also ...
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PropertyEU Archive
Gruppo Bernardi to invest EUR 250m in Serbian mall
Italy's Gruppo Bernardi said it plans to invest EUR 250 mln in the development of a shopping centre in Pecinci, in northern Serbia. The mall, which will be named Città Italiana, will include a shopping area, a retail outlet and a hotel with a playground for kids. CEO Riccardo di ...
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PropertyEU Archive
Investment activity plunges 74% in Q1: C&W
Investment volumes in Europe fell 74% in the first three months of 2009 year-on-year to just EUR 11.4 bn, according to the latest European commercial real estate investment update from adviser Cushman & Wakefield.
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PropertyEU Archive
RICS expands valuation guidance
Valuers have been advised that they may need to provide advice on the outlook of a property's value, as well as establishing the current market value, in the current economic climate.
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PropertyEU Archive
F&C REIT disposes of seven UK retail units
F&C REIT has sold off seven retail properties in the UK for a total of over £12 mln (EUR 13.7 mln). The retail units, which were sold to private buyers either through private transaction or auction, consist of 1,900 m[sup]2[/sup] of retail and office space.
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PropertyEU Archive
Expo Italia 2009 opens its doors
The fifth edition of Expo Italia Real Estate (EIRE), organised by Gestione Fiere, gets under way in Milan today with a programme of institutional conferences, seminars and meetings held in the conference rooms and exhibitor stands at Fiera Milano.
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PropertyEU Archive
ING sells Glasgow office to Protego
The Scottish arm of property consultant CB Richard Ellis has announced the sale of 220 St Vincent Street in Glasgow to Protego Real Estate Investors for £6 mln (EUR 6.8 mln). CBRE Scotland was acting on behalf of ING Real Estate Investment Management. The deal reflects a net initial yield ...
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PropertyEU Archive
SFL clinches new sale in Paris
French SIIC SFL has sold an office building at 5 Rue Alfred De Vigny in Paris' eighth arrondissement to Invesco Real Estate for EUR 28 mln, excluding costs. The property is earmarked for Invesco's Südeuropa fund.
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PropertyEU Archive
Vivacon sells five development projects
Cash-strapped German property company Vivacon has signed an agreement to sell part of its development business to an unnamed international investor. The firm said it has sold five development projects in Berlin, Hamburg and Düsseldorf with a total project volume of EUR 345 mln. The transaction, which is conditional on ...
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PropertyEU Archive
SIIC de Paris gets EUR 143m equity injection
SIIC de Paris has unveiled plans for a EUR 143 mln rights issue with preferential subscription rights for existing shareholders, with new shares issued for cash or debt reduction.
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PropertyEU Archive
Banco Pastor sells assets for EUR 104m
Spain's Banco Pastor said it has made a profit of almost EUR 40 mln through the sale of property assets for a total of EUR 104 mln. In a statement to the Spanish market regulator CNMV on Friday, the bank said that 41 office buidlings and bank branches were sold ...
