Latest reports – Page 3346
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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 ...
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PropertyEU Archive
Cordea Savills names new CFO
Cordea Savills has announced the appointment of Peter Johnson as the group's Chief Financial Officer. He will have overall responsibility for group and fund finance, and operations.
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PropertyEU Archive
Orion eyes opportunities in Spain, opens Madrid office
Orion Capital Managers has opened an office in Spain to take advantage of attractive real estate investment opportunities. In a statement on Monday, the company said it has appointed Roberto Roca as Investment Director to run the office, which will be located in Madrid. Orion will be transferring staff from ...
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PropertyEU Archive
Wakefield Trinity Walk development in administration
KPMG has been appointed as administrator of the stalled Trinity Walk shopping centre development in the UK city of Wakefield. The EUR 223 mln development is a joint venture between Manchester-based developer Modus Properties and CIREF, a Jersey registered closed-ended property investment and development company, KPMG said. Shepherd Construction is ...
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PropertyEU Archive
Amsterdam seeks EUR 200m savings in construction programme
Amsterdam's local authority plans to shelve or postpone a large number of construction projects in the Dutch capital due to the credit crisis, according to city alderman Maarten van Poelgeest. Speaking at a recent city council meeting, Van Poelgeest - who is in charge of planning policy in Amsterdam - ...
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PropertyEU Archive
Commerz Real opens Malmo Entre shopping centre
German real estate investment group Commerz Real has announced the opening of the 40,000 m[sup]2[/sup] Malmo Entre shopping centre in the southern Swedish city of Malmo.
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PropertyEU Archive
Sedes Holding A.S invests in prime Istanbul office space (TR)
Turkish real estate investor Sedes Holding has acquired five office floors in Yapi Kredi Plaza, located in Istanbul's central business district for EUR 10.5 mln. The transaction volume represents a yield of 7.75%. Sedes purchased the 4,800 m[sup]2[/sup] of office space from Yapi Kredi Koray REIT in Yapi Kredi Plaza ...
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PropertyEU Archive
Hammerson gets overwhelming backing for rights issue
Hammerson has received overwhelming backing from its investors for a 7-for-5 rights issue. Back in February, the company became the first major real estate investment trust in the UK to embark on a heavily discounted rights issue to reduce debt and strengthen its balance sheet.
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PropertyEU Archive
Deka acquires office asset in Cologne for EUR 18m
Deka Immobilien has acquired the 'Kontor 19' office and commercial building in Cologne for EUR 18 mln. The 5,400-m[sup]2[/sup] asset is being contributed to Deka's WestInvest ImmoValue fund.
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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 ...
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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.
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News
Mexican pensions to focus on home properties
MEXICO – Mexican pension funds have agreed to only invest in domestic investments this year and will focus on investing in real estate to help boost the struggling Mexican economy.
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News
SanFran PF sees real estate portfolio fall 5.6%
UNITED STATES - San Francisco City and County Employees’ Retirement System saw real estate portfolio fall by 5.6% during the fourth quarter of 2008 alone.
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News
Contra Costa reviews Morgan Stanley deal
UNITED STATES - Contra Costa County Employees’ Retirement Association has decided to reconsider its earlier $75m (€57.9m) commitment to the Morgan Stanley Real Estate Fund VII Global.
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News
State-owned Hypo touted as potential property lift
GERMANY – Experts claim Hypo Real Estate’s (HRE’s) possible nationalisation could help boost the German property market.
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News
DEGI to target discounted potential
GERMANY – Deutsche Gesellschaft für Immobilienfonds (DEGI), a part of Aberdeen Property Investors, is planning to take advantage of discounted property prices to expand its property portfolio.
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News
Ahorro to create and market a 'property bad bank'
SPAIN – Ahorro Corporación, the financial services arm of Spain’s savings banks, has launched a new vehicle to dispose of over €3bn of defaulted properties on behalf of its banks.
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News
AEW Europe signs new CEO
EUROPE – AEW Europe has appointed Christian Delaire to replace François Pochard as chief executive officer and develop its real estate investment management business.
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News
France to bounce back after poor 2008 - API
FRANCE - French property investments more than halved in value in 2008, however experts are confident activity will pick up, according to the Aberdeen Property Investors’ French quarterly property snapshot.
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PropertyEU Archive
Sonae Sierra sees NAV drop by 18%
Portuguese shopping centre developer Sonae Sierra recorded a net loss of EUR 198 mln in 2008 compared with a profit of EUR 300 mln in 2007. The losses were mostly due to 'successive increases in market capitalisation yields in Europe, particularly in Portugal and Spain,' the company said.
