Latest reports – Page 3314
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PropertyEU Archive
Luxembourg office market hit by crisis
Luxembourg saw take-up fall 71% in Q1 to 14,200 m[sup]2[/sup] compared to the year-earlier period. This marks a fall of 60% compared to the Q1 five-year average, according to a new report by Savills.
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PropertyEU Archive
CEE activity in April beats Q1 monthly average
Property investment turnover in Central & Eastern Europe (CEE) totaled approximately EUR 100 mln in April through a total of five transactions, according to CB Richard Ellis' CEE Property Investment MarketView for April 2009.
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PropertyEU Archive
Union Investment eyes Geneva
German open-ended fund Union Investment is now eyeing Geneva after its latest purchase of an office building in Zurich. Last week, the Hamburg-based fund announced it has acquired the West-Park office building in Zurich for EUR 104 mln. The property, which is earmarked for the group's open-ended real estate fund ...
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News
Investor alignment could solve 'diversity' problems
GLOBAL - The common practice of having diverse investor bases in real estate funds poses significant challenges for pension funds’ due diligence, delegates heard at IPE Real Estate’s Investor Forum in Amsterdam last week.
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News
BPF Bouw alters real estate strategy
NETHERLANDS – BPF Bouw, the €24.2bn pension fund for the Dutch building industry, plans to increase the size of its global indirect real estate portfolio but in doing so will aim for a greater weighting to European markets and core investments with little or no leverage.
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News
Impact of governance unclear in market downturn
GLOBAL - Speakers at the IPE Real Estate Investor Forum in Amsterdam last week were split over the degree to which the quality of pension fund governance has affected investment performance during the current market downturn.
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News
IPD unveils its first US property index
GLOBAL - IPD, the provider of real estate performance analysis and benchmarking, had added US coverage to its range of country coverage with the launch of its first annual commercial real estate index and quarterly indicator for the United States.
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News
US recovery to be a slow haul - ING
UNITED STATES - ING Clarion Partners has predicted there will be no quick recovery of the US real estate markets.
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News
Texas Employees signs real estate consultant
UNITED STATES - Texas Employees Retirement System has selected RV Kuhns & Associates as its first ever real estate consultant.
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PropertyEU Archive
Risanamento unveils new plan to keep business afloat
Italian listed property company Risanamento has unveiled a new strategic plan to improve its cash resources and to guarantee that the group's financial needs will be met. The plan, which is currently being analysed by its creditor banks, envisages the transfer of its flagship Falck project in Milan's Sesto San ...
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PropertyEU Archive
Renta completes EUR380m asset sale to banks
Spain's Renta Corporacion Real Estate has successfully completed the sale of EUR 380 mln worth of assets to a consortium of 17 financial institutions. As part of the agreement, the company has also refinanced a EUR 500 mln debt facility agreed with the creditor banks in February 2007.
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PropertyEU Archive
FdR announces EUR 187m capital increase
French property company Fonciere des Regions has announced a capital increase of EUR 187 mln after 87% of shareholders opted for payment of the dividend in shares. All the shareholders represented on FdR's supervisory board opted for 100% of their dividend to be paid in shares.
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PropertyEU Archive
Vivacon to sell assets due to 'acute liquidity crisis'
Vivacon, the German listed residential real estate investor, plans to sell property assets and investments in response to an 'acute liquidity crisis'. Vivacon blamed the ongoing capital market crisis and the market environment for its difficulties.
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News
And the winners of the IPE Real Estate Awards 2009 are…
EUROPE - Ärzteversorgung Westfalen-Lippe was crowned Best European Institutional Investor last night at a glittering event in Amsterdam to celebrate this year’s IPE Real Estate Awards 2009.
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PropertyEU Archive
Multi groundbreaks Marmara Forum
Multi Turkmall, the Turkish unit of Dutch developer Multi Corporation, this week held the groundbreaking ceremony for a new project in Marmara. The ceremony was
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PropertyEU Archive
Degi sells office tower in Seoul
Frankfurt-based Degi, part of Aberdeen Property Investors, has sold the Hyundai Swiss Tower in Seoul to a South Korean buyer for EUR 39 mln. The German company said the sales price exceeded the latest valuation despite the difficult market conditions.
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PropertyEU Archive
C&W launches global business consulting unit for EMEA
Property adviser Cushman & Wakefield has expanded its global business consulting service line by launching a new team in EMEA to complement its US and Asia units. The EMEA team is being led from London by the new head of global business consulting, Tim Carnegie, alongside senior consultant Alex Ash.
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PropertyEU Archive
UNStudio selected for new hotel tower in Frankfurt
Amsterdam-based UNStudio and Kohn, Pedersen, Fox of New York have been selected to design a 110-metre Grand Hyatt hotel in Frankfurt.
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PropertyEU Archive
Credit Suisse puts London property on market - report
Credit Suisse has instructed CB Richard Ellis to begin marketing one of the investment bank's two office properties in Canary Wharf, London, according to the Financial Times.
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PropertyEU Archive
Banimmo signs two new credit facilities
Brussels-based Banimmo has signed two new credit facilities for a total amount of EUR 64.9 mln, the company said in a press release. The two new credit facilities will complete an existing syndicated loan of EUR 210 mln aimed at helping the 'grasp acquisition opportunities'.
