Latest reports – Page 3349
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PropertyEU Archive
Segro leases 15,000 m[sup]2[/sup] at Tulipan Park Lodz
Segro has leased 15,000 m[sup]2[/sup] of warehouse and office space at Tulipan Park in the Polish city of Lodz to Pol-Fret, a provider of logistics services in the textile and chemical sectors. International property adviser King Sturge represented Segro, the UK-based real estate investment trust (REIT) which developed the park.
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PropertyEU Archive
Warburg Henderson receives EUR 2 bn commitment for IntReal platform
Warburg Henderson, the Hamburg-based joint venture of MM Warburg Bank and Henderson Global Investors, is creating a new company, IntReal, to allow international asset managers to invest under the German open-ended investment fund structure. The new vehicle has signed new commitments of EUR 600 mln with the German asset manager ...
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PropertyEU Archive
CAAM RE to launch EUR 1 bn pan-European fund
CAAM RE, the property management arm of French bank Credit Agricole, is planning to expand its indirect property fund business as it sees 'fantastic' potential in the new OPCI investment vehicles introduced in France 18 months ago.
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PropertyEU Archive
Brixton posts 47% drop in adjusted NAV
Brixton has posted a 47% drop in adjusted net asset value (NAV) to 290 pence in its preliminary results for 2008, and abstained from making a dividend payout for the full year.
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PropertyEU Archive
IVG completes takeover of IVG Deutschland Immobilien
IVG Immobilien has acquired the shares held by minority shareholders in its subsidiary IVG Deutschland Immobilien by means of a squeeze-out procedure. Germany's largest listed property company said the successful integration of IVG Deutschland Immobilien, based on a shareholder resolution passed in August last year, would enable it to reduce ...
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PropertyEU Archive
French prime office yields to hit 6% - Savills
Prime office yields in France will reach 6% by the end of the first quarter in 2009, according to Savills' latest bulletin on the French commercial property market.
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PropertyEU Archive
Savills appointed to market parts of Watergate Complex
Savills has announced that its New York-based business has been retained to market the sale of elements of Washington's famous Watergate Complex. The property was at the heart of the scandal that led to the resignation of US President Richard Nixon in 1974.
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PropertyEU Archive
Savills appoints new CFO
UK-based broker Savills has appointed Simon Shaw as the group's new Chief Financial Officer effective from 16 March 2009. He replaces Mark Dearsley who, as previously announced, left the company on 13 February 2009 to join Partnership Assurance.
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PropertyEU Archive
Total outstanding Europe property debt ' believed to be EUR 1.3 tln'
The total amount of outstanding commercial real estate debt in Europe is believed to be in the region of EUR 1.3 tln, according to Ahsan Ellahi, head of European Structured Finance at Germany's leading property financier Eurohypo.
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PropertyEU Archive
Savills plunges into the red
UK-based property adviser Savills reported a pre-tax loss of £7.7 mln in 2008 on revenue down at £568.5 mln. In 2007, the firm booked a pre-tax profit of £85.9 mln.
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PropertyEU Archive
Survey names CBRE as no.1 real estate brand
CB Richard Ellis has been named the leading global brand in commercial real estate for the eighth year in a row, in a survey of real estate professionals from around the world. CB Richard Ellis has been named the top brand every year since the survey’s inception in 2002.
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PropertyEU Archive
Pace of decline in UK property market slowing: IPD
The pace of capital decline in the UKcommercial property market slowed for the second consecutive month in February, with values falling by a further 3.08%, according to the IPD UK Monthly Index. The latest monthly fall brings the total peak-to-trough decline in commercial property prices, since June 2007, to -39.5%.
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PropertyEU Archive
CB Richard Ellis sets up real estate bank for UK debt
CB Richard Ellis Group, the world’s largest property broker, is transforming its UK finance arm into a real-estate banking unit to deal with the expected rise in problematic loans, according to a report by news wire Bloomberg.
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PropertyEU Archive
Norway to pour oil billions into UK commercial property
Norway's sovereign wealth fund, which has around £240bn of profits from its oil and gas reserves, plans to start buying commercial property in the second half of 2009, according to a report in Property Week. The UK is at the top of the fund's shopping list.
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PropertyEU Archive
Prologis agrees lease for first sustainable distribution park in CEE
New York-listed Prologis has signed a new lease agreement for 12,600 m[sup]2[/sup] in the Czech Republic with one of Europe's largest communications distributors. The company will occupy space in a facility at Prologis Park Uzice, Prologis'first sustainable distribution park delivered in Central and Eastern Europe.
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PropertyEU Archive
Hammerson puts Trois Quartiers on market for EUR 300m
UK REIT Hammerson has put its landmark Les Trois Quartiers mixed-use property in Paris on the market for a price of around EUR 300 mln, according to well-informed sources. The company is believed to have hired adviser Jones Lang LaSalle to market the sale of the building located in the ...
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PropertyEU Archive
Mipim sees sharp fall in visitor numbers
The 20th edition of the annual Mipim real estate fair in Cannes attracted some 18,000 visitors this year, according organiser Reed Midem. In 2008, the fair attracted a record 29,318 visitors.
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PropertyEU Archive
Hochtief leases out 16,000 m[sup]2[/sup] in Prague office complex
German developer Hochtief said it has leased out nearly 16,000 m[sup]2[/sup] of office and commercial space in the Trianon office and retail complex in Prague. The new tenants are a Czech bank, market research firm TNS Aisa, an insurance company and restaurant chain Kolkovna.
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PropertyEU Archive
Lloyd Fonds launches new hotel fund
Hamburg-based Lloyd Fonds AG said on Friday that it has launched the marketing of the new Hotel am Fleesensee closed-ended property fund aimed at acquiring a four-star hotel on the banks of the lake Fleesensee in Mecklenburg-Western Pomerania. The fund, which runs for 20 years, is to acquire the hotel ...
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PropertyEU Archive
Santander buys Abbey's London HQ for £115m - report
Spain's financial giant Santander is set to acquire the London headquarters of its Abbey unit from UK's largest REIT British Land for a price of £115 mln (EUR 125 mln), according to an article in Property Week. The building was put on the market last month for £120 mln.
