Latest reports – Page 3345
-
PropertyEU Archive
'Struggling' Immoeast posts EUR 1bn depreciation in nine months
Vienna-based Immoeast has reported depreciations of more than EUR 1 bn for the first three quarters of its 2008/09 business year. The developer of real estate in Central and Eastern Europe (CEE) said that it had continued to struggle with the extremely difficult market environment from 1 November 2008 to ...
-
PropertyEU Archive
Delek Global to be taken private
Delek Global Real Estate, the AIM-listed developer, is to be taken private by its parent company, Delek Belron International (DBI). In a statement on Tuesday, the board of directors of DBI announced the terms of a proposal to acquire the remaining 15% stake it did not own in DGRE for ...
-
News
Merseyside reviews property adviser
UK - Merseyside Pension Fund has announced it is looking for a strategic property investment adviser for its £262m (€278m) direct UK property portfolio.
-
News
Currency volatility could encourage local investing - CBRE
UK – UK institutional property investors are considering making more domestic investments, according to CB Richard Ellis, as continental European holdings are becoming increasingly overweight thanks to wild currency fluctuations.
-
News
CalPERS sees demand for member mortgages triple
US – California Public Employees’ Retirement System’s (CalPERS’) Member Home Loan Programme has tripled in size over the last year thanks to its conservative mortgage practices, according to CalPERS’ Investment Committee.
-
News
TIAA-CREF sees gains in sustainability
UNITED STATES – TIAA-CREF Global Real Estate’s energy benchmarking initiative has helped increase the real estate portfolio’s value by improving energy intensity by 3.6%.
-
News
Norway sees property slip into the red
NORWAY –Norwegian commercial property returns fell into negative territory in 2008 after delivering 15% plus returns for three consecutive years, according to the IPD Norway Annual Property Index.
-
News
Franklin Templeton raises $380m for Asia
ASIA – Franklin Templeton Real Estate Advisors has closed its $383m (€280.7m) private equity Asian Real Estate Fund and aims to take advantage of market corrections to buy up bargains.
-
News
LaSalle signs Northern Europe head
EUROPE - LaSalle Investment Management has appointed Insa von Jürgensonn as regional director and head of portfolio management for Northern Europe.
-
News
FTSE merges real estate funds
GLOBAL – FTSE Group has rebranded the FTSE EPRA/NAREIT Global Indices to combine developed and emerging subsets.
-
News
DTZ closes offices as pressure bubbles
GLOBAL – DTZ has warned there is likely to be a ”significantly greater” profit loss for the year to the end of April 2009 than expected, and is subsequently continuing to restructure the business in a bid to cut costs.
-
PropertyEU Archive
BayernLB appoints insider as new property chief
Edgar Zoller has been appointed to the management board of German bank BayernLB, assuming responsibility for its property business. Zoller, 52, will take up his new post on 1 May, replacing Rudolf Hanisch who retires on that date.
-
PropertyEU Archive
LaSalle appoints new head of portfolio management for Northern Europe
LaSalle Investment Management has appointed Insa von Jürgensonn as a Regional Director and Head of Portfolio Management Northern Europe, effective from 1 March 2009. Based in LaSalle's Munich office, Von Jürgensonn reports into Simon Marrison, co-head of Europe, and will be responsible for managing all assets in Northern Europe as ...
-
PropertyEU Archive
Plaza buys further stake in Hungarian project
Leading emerging markets property developer Plaza Centers, in partnership with Hungarian commercial bank MKB Bank, has acquired a further 27% stake in its Dream Island project in Budapest, Hungary, from CP Holdings, a company controlled by Bernard Schreier. Plaza and its 50/50 joint venture partner MKB Bank, a subsidiary of ...
-
PropertyEU Archive
Chagala acquires partner's share in mall venture
Chagala Group, the London-listed Kazakh real estate developer-owner, has acquired its partner's 49.9% share in the Chagala Zere Malls venture. Chagala said the partner, Zere Limited, a real estate developer in the provincial cities of Kazakhstan, had been affected by the economic downturn and was unable to continue supporting the ...
-
PropertyEU Archive
Warburg - Henderson sells in Hamburg
Warburg - Henderson, the Hamburg-based joint venture of MM Warburg Bank and Henderson Global Investors, has sold an office property in Hamburg's city centre for EUR 10 mln. The property, leased to Framode and Pimkie, was owed by Warburg - Henderson European Core Property Fund No. 1, which acquired it ...
-
PropertyEU Archive
Prologis Europe leases 63,000 m[sup]2[/sup] in France
Prologis European Properties, Europe's largest owner of modern warehouse distribution facilities, announced on Monday that it has renewed three leases in France, covering a total of 62,900 m[sup]2[/sup].
-
PropertyEU Archive
Euro Ejendomme to target EUR 300m on German care homes
Danish property investor Euro Ejendomme is launching a new German care home fund for Scandinavian institutional investors. The Care Fund will have an investment volume of EUR 300 mln and will seek to acquire both developments and existing care home properties in Germany. The fund is seeking assets with at ...
-
PropertyEU Archive
UK group champions tax-efficient PAIF regime
The Association of Real Estate Funds (AREF) has called on the UK government to remove barriers preventing widespread adoption of the Property Authorised Investment Funds (PAIF) regime.
-
PropertyEU Archive
Nationalisation 'only option' for Hypo Real Estate
The nationalisation of Hypo Real Estate, Germany's second largest property financier, is the 'only option', according to Timo Tschammler, managing director of International Investment at global real estate adviser DTZ.
