Latest reports – Page 3326
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PropertyEU Archive
Rental declines expected to gather pace: RICS
Tenant demand across all sectors continued to fall in the first quarter according to RICS' UK Commercial Property Survey published this week.
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PropertyEU Archive
Stenham buys London prime asset at 9.44%
Global property fund manager Stenham has completed the purchase of 52 Grosvenor Gardens, a 93,601 sq ft (10,000 m2) leasehold mixed-use property in Victoria, London.
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PropertyEU Archive
Orion snaps up Madrid shopping mall for EUR 235 mln
Banif Immobiliare, the Santander-managed real estate fund that froze payouts in February, has sold its landmark property, the Plenilunio shopping centre in Madrid for a total of EUR 235 mln.
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PropertyEU Archive
Private equity firm to take advantage of cheap debt
Arminius, the private equity firm founded in 2006 by former Lone Star director Peter Jun, has bought EUR 148 mln of commercial real estate loans in Germany for its Real Estate Opportunity Fund I (AREOF I). The portfolio, which is secured by one industrial asset and a number of hotels, ...
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PropertyEU Archive
First IPD Polish property index reveals negative capital growth
Capital growth in Poland was -2.4% last year, compared to 7.2% in 2007, according to IPD's first ever commercial real estate index for the country. Income return held stable at 6.1%, contributing to an overall total return of 3.5% for the 12 months to end-December 2008, compared to 14.6% the ...
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News
Big fish seek smaller ponds
GLOBAL - Large institutional investors are looking to invest with smaller, more intimate groups of ‘like-minded’ investors, according to pension fund-related investors, as concerns have arisen about commingled funds with large, often anonymous, investor bases.
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News
Real estate valuation model within sight?
GLOBAL - There are signs that the long-established debate between proponents of mark-to-market valuations and champions of the German long-term sustainable approach value are beginning to move towards a compromise.
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News
Alternatives EC directive ‘too wide’ for real estate
EUROPE - The EU’s proposed directive on alternative investment fund managers is too wide ranging in its current form and does not make enough distinction between real estate funds and other alternative investment vehicles, according to legal consultants.
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News
Prime office rents tumble in Q1
EUROPE - European prime office market rents fell by 8% during the first quarter of 2009, the greatest quarterly decline ever recorded by Jones Lang LaSalle’s (JLL) European Office Property Clock index.
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News
Sustainability catches eye of pension funds
UNITED STATES - The Bond Companies has pending investments from two pension funds for its sustainability fund as the Los Angeles Department of Water and Power Pension Fund and the Teacher Retirement System for the State of Illinois have both allocated $20m (€15.3m).
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News
Diversity widened performance of non-listed funds
EUROPE - Differences in geography and leverage levels, as well as currency movements, meant European non-listed real estate funds experienced a wide range of performance levels in 2008, according to International Property Databank (IPD).
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News
Wisconsin extends commitments
UNITED STATES - Wisconsin State Investment Board has made two follow-on commitments to commingled funds, in a bid to preserve capital during the market downturn.
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PropertyEU Archive
DTZ appointed to market sale of Estonian hotel
Alvarelli Invest has appointed DTZ hospitality group to arrange the sale of the Grand Rose Spa Hotel in Kuressaare, Estonia. The Grand Rose Spa Hotel opened in 2007 after significant renovation of an historic hotel dating from 1902. Completed to high standards, the hotel consists of two seamlessly joined buildings ...
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PropertyEU Archive
Parcolog Invest buys 13,300 m[sup]2[/sup] of logistics space
French OPCI Parcolog Invest, part of the Italian insurance group Generali, has acquired from developer Faubourg Promotion, part of the Idec group, a newly developed logistics platform with an area of some 13,300 m[sup]2[/sup]. The asset, located in Mans, Allonnes, is leased with a six-year rental contract to Mutual Logistics, ...
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PropertyEU Archive
Waldeck's new luxury hotel in Prague set to open
Waldeck Capital has handed over the keys of the Augustine Hotel in Prague to operator Rocco Forte Collection, ahead of the opening of the luxury hotel on 14 May. Waldeck said the 101-room hotel, which it developed in Malá Strana, the historic lesser town of Prague, is touted as one ...
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PropertyEU Archive
Dresdner Bank leases 72,000 m[sup]2[/sup] of office to Deutsche Bahn
International property services firm Atisreal has advised Dresdner Bank in the leasing of a 72,000 m[sup]2[/sup] office portfolio to railway group Deutsche Bahn in one of Germany's biggest leasing deals in the past 20 years.
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PropertyEU Archive
Prologis closes refinancing for California fund
US-based logistics company6 Prologis announced this week that it has closed on a $137.5 mln (EUR 102 mln), five-year, secured financing with a major life insurance company on behalf of its Prologis California Fund. The financing has a loan-to-value of approximately 50% with 21 industrial properties located in the ...
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PropertyEU Archive
Hypo Real Estate posts EUR 382m net loss in Q1 2009
Hypo Real Estate has reported a net loss after tax of EUR 382 mln for the first quarter of 2009. The struggling German property financier attributed the swing to a pre-tax loss of EUR 406 from a pre-tax profit of EUR 190 mln in the year-earlier period to the crisis ...
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PropertyEU Archive
King Sturge German index sees mixed signals
The monthly King Sturge Real Estate Climate Index for Germany dropped from 52.9 points in March to 51.4 points after pushing upward from its historic low-point in December 2008 during the three opening months of this year. By contrast, the Real Estate Economic Situation rose for the first time since ...
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PropertyEU Archive
Hungarian investor turns to Dutch office market
Hungarian property tycoon Gábor Várszegin has unveiled plans to invest EUR 100 mln this year in the purchase of office properties in the Netherlands. The investor, which operates through Budapest-listed property firm, Fotex, aims to take advantage of opportunities in the Dutch property market following recent corrections.
