Latest reports – Page 3323
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PropertyEU Archive
Large majority of Klepierre shareholders opt for share dividend
French property company Klepierre said that its proposed payment of the 2008 dividend in shares was widely accepted by shareholders with around 86.4% of all voting rights being exercised in favour of this option.
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PropertyEU Archive
Hamburg hotels suffer revenue drop in Q1 - Christie + Co
Hotels in the German city of Hamburg recorded a 3.1% decrease in revenue per available room (RevPAR) during the first quarter of 2009 compared to the same period in 2008, according to the latest city review by Christie + Co.
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PropertyEU Archive
Inter Ikea buys out Catella Investments
Inter IKEA has acquired Catella Investments and its operations for an undisclosed amount.
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PropertyEU Archive
Hammerson sells Forum Steglitz at 8% yield
UK property REIT Hammerson has exchanged contracts for the sale of its remaining property in Germany, Forum Steglitz, to Europa Fund III, a pan-European investment fund launched by Europa Capital LLP. Hammerson will receive gross proceeds of EUR 70 mln from the sale, representing a net initial yield of 8%. ...
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PropertyEU Archive
RICS launches EU manifesto calling for higher standards
The Royal Institution of Chartered Surveyors (RICS) has launched a manifesto urging the new European Parliament to focus on better regulation and higher standards in its efforts to consolidate a sustainable built environment and improve the quality of life for its citizens.
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PropertyEU Archive
Correction: EPISO buys assets from Brixton
The transaction volume of the EPISO/Brixton transaction was incorrectly stated in the title and headline of PropertyDay on Wednesday. The information in the body of the story was corrected on Wednesday morning to reflect the transaction volume of £70.25 mln (about EUR 78.3 mln).
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PropertyEU Archive
Land Securities sees EUR 5.2 bn wiped off portfolio value
Land Securities reported on Wednesday that the value of its portfolio fell by £4.7 bn (EUR 5.2 bn) or 34% in the 12 months to end-March 2009. The largest real estate investment trust (REIT) in the UK booked a pre-tax loss of £4.7 bn compared to a loss of £988 ...
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PropertyEU Archive
Colliers International partners with Real Capital Analytics
Commercial property research firm Real Capital Analytics (RCA) has extended and expanded its licence agreement with property services firm Colliers International to deliver RCA's global transaction database, reports and publications to Colliers professionals around the world.
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PropertyEU Archive
Nexity's revenue falls 7% in Q1 2009
French property giant Nexity saw its revenue fall by 7% to EUR 566 mln in the first quarter of 2009 compared with the year-earlier period. The revenue decline (22%) for the Residential division was driven by the lower level of reservations in 2008. Revenue for the Commercial division was twice ...
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PropertyEU Archive
Property values plunge across CEE, says JLL
Investor and developer activity in Central and Eastern Europe decreased markedly during the first months of 2009, according to Jones Lang LaSalle's latest CEE Capital Markets Outlook report.
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PropertyEU Archive
Credit Suisse raises CHF 300m for green real estate fund
Credit Suisse said it has reached its equity raising target of CFH 300 mln (EUR 200 mln) for its Real Estate Fund Green Property. The fund was open for subscription from 15 to 29 April 2009.
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PropertyEU Archive
CitizenM opens second hotel in Amsterdam
Dutch hospitality company CitizenM has announced the opening of its second hotel in Amsterdam. The hotel has 215 rooms and is located near to Amsterdam's Zuidas business district, the RAI conference centre and the Amsterdam World Trade Center in the south of the city.
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PropertyEU Archive
EPISO buys assets from Brixton for EUR 78.3m
Brixton has announced the sale of four industrial units to AEW Europe for the European Property Investors Special Opportunities Fund (EPISO) for a total of £70.25 mln (EUR 78.3 mln).
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PropertyEU Archive
Union Investment buys German logistics project from Goodman
Hamburg-based Union Investment Real Estate, acting on behalf of its Immo-Invest: Europa institutional fund, has acquired a logistics project in Bad Hersfeld from Goodman Bad Hersfeld Logistics (Lux). The 102,020 m[sup]2[/sup] development will be completed in September this year. The transaction amount was not disclosed.
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PropertyEU Archive
PEPR sells EUR 120m portfolio to AEW
Prologis European Properties is disposing of a portfolio of seven distribution warehouses in the Netherlands and Germany for gross proceeds of EUR 119.5 mln. PEPR has signed an agreement to sell the properties to Curzon Capital Partners II, a core-plus fund of European investment manager AEW Europe.
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PropertyEU Archive
Multi's Victoria Sq secures first Kurt Geiger stand-alone store In Ireland
European luxury shoe retailer Kurt Geiger has selected Multi's Victoria Square mall in Belfast as its first stand-alone store in Ireland. The store will open in mid- June.
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PropertyEU Archive
Sonae Sierra swings to EUR 87.5m loss in Q1
Sonae Sierra swung to a net loss of EUR 87.5 mln in the first quarter of this year from a net profit of EUR 21.8 mln in the same period of last year. The company said the variation in net profit was mainly driven by Indirect Net Profit that were ...
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PropertyEU Archive
Eurohypo re-organises real estate financing
Eurohypo, part of the Commerzbank Group, announced plans this week to realign its commercial real estate (CRE) business and focus on its value-generating core business. The bank wants to ensure stable returns with lower levels of risk over the long term. The 'core business' has been redefined both with regard ...
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News
Central & Eastern Europe stayed positive - IPD
CEE - Total returns for central and eastern Europe (CEE) real estate dropped to 0.5% for 2008 from 14.2% for the previous 12 months, according to International Property Databank (IPD).
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News
Slowing yield compression may hint at improving sentiment - JLL
EUROPE – The weighted average European price office yield moved out 20 basis points from 5.8% at the end of 2008 to 6%, a much smaller increase than the 50bps movement between Q3 and Q4 2008, according to Jones Lang LaSalle’s (JLL) Q1 2009 European Office Yields Report.
