Latest reports – Page 3317
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PropertyEU Archive
SEB launches real estate fund of funds in Sweden
SEB has developed a real estate fund of funds for the Swedish market, becoming the first fund management company to receive authorisation to distribute the fund to the Swedish public.
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PropertyEU Archive
Prupim appoints new COO
Global real estate investment manager Prupim has announced the appointment of Malcolm Smith as chief operating officer. Smith was formerly managing director and COO at Barclays Global Investors in Europe. Prior to this he was head of Investment Management Consulting at PricewaterhouseCoopers and was previously a consultant at Mercer Human ...
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PropertyEU Archive
Henderson launches second central London office fund
European asset manager, Henderson Global Investors, has launched a seven-year closed ended fund designed to capitalise on the cyclical nature of the central London office market. The Henderson Central London Office Fund II (CLOF II) will be marketed to UK and overseas institutional investors and has a target annualised IRR ...
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PropertyEU Archive
Liberty International adjusts bond conversion price
Liberty International has lowered the conversion price of its convertible bonds due 2010 from £8 (EUR 9.07) to £7.16 per ordinary share. The new conversion price is effective from 28 May.
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PropertyEU Archive
Bosnian firm seeks cash-rich real estate investors
Sarajevo-based Unipromet has said it is actively looking for cash-rich real estate companies or funds to invest in projects and completed buildings in Bosnia. While Unipromet is just one of a list of hundreds of companies who are showcasing their projects at the Real Vienna international property fair this week, ...
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PropertyEU Archive
Sacyr Vallehermoso offers residential units at 35% discount
Spanish property developer Sacyr Vallehermoso said this week it is offering residential units in a number of Madrid developments at a discount of up to 35% on their estimated value. The offers will be made available during SIMA, the real estate fair which will take place in Madrid from Wednesday ...
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PropertyEU Archive
Atrium sees losses widen in Q1
Atrium European Real Estate reported a pre-tax loss of EUR 260 mln in the first quarter of 2009, resulting in an after-tax loss per share of EUR 1.036. The losses reflected a downward adjustment to the value of the development and land portfolio by EUR 110 mln to EUR 701 ...
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PropertyEU Archive
Redevco to develop office building in Glasgow
Dutch property company Redevco has submitted development plans for a new landmark building at George Square, in the heart of Glasgow, Scotland. The Amsterdam-based company has put forward plans to Glasgow City Council which propose redevelopment of George House, a 1970's office block located on the northern corner of George ...
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PropertyEU Archive
Sun Microsystems move to Millennium City Center
Global IT company Sun Microsystems is moving from Buda Business Center in Budapest to TriGránit's Millennium Tower II. The tenant was represented by Jones Lang LaSalle, while Cushman & Wakefield represented the landlord in the office leasing transaction.
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PropertyEU Archive
Karstadt and Metro in merger talks
German retail concern Arcandor has held talks on a possible merger between its Karstadt department store chain and Metro subsidiary Galeria Kaufhof. An initial exploratory talk between Arcandor's CEO Karl-Gerhard Eick and Eckhard Cordes, the CEO of the Metro Group, took place last Thursday.
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PropertyEU Archive
Prologis signs leases in northern Germany
International logistics property operator Prologis has signed two new lease agreements for more than 11,850 m[sup]2[/sup] of recently developed space at distribution parks in northern Germany.
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PropertyEU Archive
ULI trends conference sees more pain ahead
While politicians and commentators have been heralding 'green shoots' of recovery in recent weeks, the expert consensus at the ULI trends conference organised by ULI Europe in London last week was that most banks remain 'in paralysis' and that further corporate pain, decreasing values and downward pressures on rents ...
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PropertyEU Archive
UK office market sees take-up fall between 15-50%
Leasing levels in the UK office market fell sharply again in Q1 2009 as the credit crunch continued to impact on occupational demand, according to Digby Flower, head of Central London Agency at CBRE.
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PropertyEU Archive
BNL fund to sell 5 assets
BNP Paribas REIM's Portfolio Immobiliare Crescita fund in liquidation has approved the sale of five properties in northern Italy. The company is selling two office buildings in Miland and three commercial galleries in Civitanova Marche, Prato Calenzano and Trevi respectively.
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PropertyEU Archive
Sponda to launch EUR 200m rights issue
Finnish property company Sponda said on Monday that its board of directors has approved the launch of a rights issue to raise up to EUR 208 mln. The company will issue a maximum of 166 million new shares at a price of EUR 1.25 per share. Sponda's existing shareholders will ...
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PropertyEU Archive
Mikeva sells 7 nursing homes in Finland
Mikeva has sold seven residential care properties to Ilmarinen Mutual Pension Insurance Company in a sale-and-leaseback transaction for an undisclosed amount. The care homes are located in Kaskinen, Kotka, Vaasa, Teuva, Oulu and Haukipudas.
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PropertyEU Archive
British Land sees portfolio shed 28% of value
British Land saw the value of its property portfolio fall by £3.2 bn (EUR 3.6 bn) in the year to end-March, a decline of 28%. But the group, which raised £740 mln through a rights issue in February, said that it remained well within its banking covenants despite the greater-than-expected ...
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PropertyEU Archive
UK sees first property IPO this year
Max Property Group saw its share price rise 30% to 130 pence on its first day of trading on Thursday on the London Stock Exchange. The flotation of the real estate investment company, headed by British entrepreneur Nick Leslau, is the UK's first initial public offering of the year and ...
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PropertyEU Archive
Mountgrange raises EUR 340 mln for UK property fund
Mountgrange Investment Management, the UK property fund and asset manager, announced that it has closed its first fund, the Mountgrange Real Estate Opportunity Fund, with a total of £300 miln (EUR 340 mln) of committed equity. The company claims the fund raising is one of the largest and most successful ...
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PropertyEU Archive
Student accommodation proves counter-cyclical - Savills
Rental growth and high occupancy rates continue to attract investors to the student accommodation sector in the UK, though the limited availability of appropriate investment vehicles risks frustrating attempts by individual investors to benefit from the sector, according to a new report from Savills Research.
