Latest reports – Page 3331
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PropertyEU Archive
Pryconsa buys El Mundo office in Madrid
Coivisa, a subsidiary of Spanish property group Pryconsa, has acquired an office building in Madrid let to Spanish newspaper El Mundo for around EUR 20 mln. According to financial paper Cinco Dias, the building provides some 5,000 m[sup]2[/sup] of office space and 90 parking spaces. Until 2007, the building housed ...
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PropertyEU Archive
Commerzbank forced to sell Eurohypo unit - report
German bank Commerzbank may have to sell off its Eurohypo commercial property arm in order to conform to European Union requirements, the Financial Times Deutschland reported, without quoting sources.
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PropertyEU Archive
Available industrial space rises in UK: King Sturge
Despite a 74% drop in speculative developments in the last six months, available industrial floorspace in the UK increased to 22.6 million m[sup]2[/sup] at the end of 2008, according to King Sturge's latest research report 'Industrial and Distribution Floorspace Today.'
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PropertyEU Archive
Inrev appoints 3 new members to management board
Inrev, the European Association for Investors in Non-Listed Real Estate Vehicles, said on Thursday that it has made three new appointments to its management board. The new members further align the board with Inrev's membership by both increasing its UK representation and also including the first adviser member on the ...
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PropertyEU Archive
ICSC Europe announces shopping centre award winners
Four European shopping centres out of a record 41 entries from 19 countries have won awards at this year’s International Council of Shopping Centers (ICSC) Awards. A further seven received recommendations, certificates of merit and ReStore and ReSource special recognitions.
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PropertyEU Archive
ICSC delegates urged to lead on sustainability
Amid the most challenging world economic times for 60 years, shopping centres have the potential to significantly contribute to the drive for environmental and economic sustainability, according to Jeremy Rifkin, founder and president of US-based think tank The Foundation of Economic Trends. During a keynote address at the ICSC European ...
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PropertyEU Archive
Capital raising for non-listed funds halved in 2008
Capital raising in the second half of 2008 slowed dramatically as activity in the non-listed property markets came to a halt due to the financial downturn. In total, fund managers raised EUR 10.2 bn in 2008, compared to EUR 19 bn in 2008, a drop of 46%. Of the ...
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PropertyEU Archive
Investment market stirs to life again in Q1
Turnover in the European real estate investment market continues to decline, but there are subtle signs that investor sentiment may be starting to improve. While the volume of deals transacted in the first quarter of this year was down 44% at EUR 11.5 bn, the rate of decline slowed in ...
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PropertyEU Archive
Carpathian receives takeover offer
AIM-listed property investment company Carpathian confirmed on Wednesday that it has received a takeover offer from New Europe Property Investments (NEPI). In an announcement on Wednesday morning, NEPI said it had approached the board of Carpathian with a potential offer to acquire the entire issued share capital at a price ...
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PropertyEU Archive
HSH Nordbank to sell property arm - report
HSH Nordbank, the troubled German bank that was bailed out by the city state of Hamburg and the state of Schleswig-Holstein earlier this year, is putting its real estate unit, HSH Real Estate, up for sale, newspaper Financial Times Deutschland has reported. According to the paper, the company. which has ...
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PropertyEU Archive
Unibail-Rodamco gets overwhelming backing for bond issue
Unibail-Rodamco said on Wednesday that its EUR 575 mln bond placement launched on Tuesday was nine times oversubscribed, with an order book of more than EUR 4.5 bn in less than two hours coming primarily from long-term investors.
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PropertyEU Archive
Goodman leases 43,000 m[sup]2[/sup] in France
Australian logistics developer and operator Goodman has announced the closing of two leasing transactions across its European portfolio. In France, the company said it has reached an agreement for the leasing of a 42,819 m[sup]2[/sup] logistics project in the east of the country to Vins et Spiritueux de LVMH with ...
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PropertyEU Archive
Mature is the new mantra
In early April, Germany lived up to its reputation as one of the most boring (read: stable) markets in Europe. While the UK and Ireland saw their All Property Capital Values plunge in 2008 by 35% and 27% respectively, the All Property Capital value for Germany fell only 1.4% over ...
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PropertyEU Archive
Cordea Savills buys Cardiff office for EUR 22.6m
Cordea Savills has acquired a prominent office building in the Welsh capital, Cardiff, from Standard Life Investment for EUR 22.6 mln. The 8,832 m[sup]2[/sup] property is let to Eversheds through 2022.
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PropertyEU Archive
Rents falling and yields rising across EMEA, says CBRE
Rents contineud to fall in the first quarter of 2009 across the EMEA region, according to the latest results of CBRE´s Rent and Yield Indices. The CB Richard Ellis office rent index for the EU-15 area fell by 3.4% in the quarter, taking the year-on-year rate of growth to -4.1%.
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PropertyEU Archive
WestImmo's pre-tax earnings up 15.5% in 2008
German lender WestImmo saw its pre-tax earnings increase by 15.5% year-on-year to EUR 121.2 mln in 2008. The bank, which specialises in commercial real estate financing in Europe, US and the Asia-Pacific region, said on Wednesday that net profit rose by 5% to a record EUR 97 mln in 2008.
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PropertyEU Archive
UK commercial property yields to stabilise, says Invista REIM
UK commercial property yields may now stabilise if the government and Bank of England actions succeed in steadying financial markets and reducing corporate bond yields, according to the latest research report issued by Invista REIM.
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PropertyEU Archive
Beni Stabili posts 3% rise in Q1 operating profit
Beni Stabili, the Italian unit of French property group Fonciere des Regions, has reported a 3% increase in operating profit to EUR 45.5 mln in the first quarter of 2009 from EUR 44.2 mln a year earlier. The improvement essentially reflects a reduction in overheads compared with the same period ...
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PropertyEU Archive
Hedge fund rejects Hypo nationalisation offer
Hedge Fund manager Exchange Investors has rejected the takeover offer made by the German government for the shares of property financier Hypo Real Estate.
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PropertyEU Archive
Direct property outperforms pool funds in Q1, says IPD
Total returns for all UK pooled funds in the first quarter came to -11.1%, according to the IPD. The result was less severe than the previous quarter's -18.7% return, but a much steeper quarterly loss than the same period last year, which turned in a return of -4.9%.
