Latest reports – Page 3352
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PropertyEU Archive
Paris take-up expected to drop 20% this year - JLL
Take-up in the greater Paris area is expected to drop 20% in 2009 compared to last year, from 2.35 million m[sup]2[/sup] in 2008 to approximately 1.8 million m[sup]2[/sup] in 2009, Benoit du Passage, managing director of Jones Lang LaSalle France, said during the JLL Occupational Markets Briefing in Cannes on ...
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PropertyEU Archive
CBRE calls bottom of market for prime London property
Demand for prime London property has begun to outstrip supply as UK retail funds completed most of their forced sales in 2008 and several of the major listed real estate firms have eased the pressure to sell assets by embarking on large rights issues, according to Simon Barrowcliff, executive director ...
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PropertyEU Archive
AMB pre-leases more than 10,800 m[sup]2[/sup] near Rotterdam
Industrial real estate developer and operator AMB Property Corporation has leased more than 116,000 sq ft (10,800 m2) of space in its AMB Bleiswijk Distribution Center development near Rotterdam to an unnamed manufacturing company. The tenant will use the facility to consolidate its operations in the Benelux region, AMB said.
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PropertyEU Archive
European non-listed property fund trades reach EUR 1.1b - Inrev
European non-listed property funds have seen EUR 1.1 bn of secondary trades in the past 12 months, according to the preliminary results of a study by industry body Inrev.
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PropertyEU Archive
CBRE boosts CEE activities with new Bulgarian affiliate
CB Richard Ellis has signed an affiliate agreement with MBL EOOD, a leading real estate services provider in Bulgaria, thereby strengthening its presence in the Central and Eastern European (CEE) region. The agreement follows last year's acquisition of Eurisko Consulting in Romania and the affiliation with Atria Group in Greece.
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PropertyEU Archive
Biddulph named senior vice-president at AMB Capital Partners
AMB Property Europe has announced that its Capital Partners group has appointed real estate specialist Anthony Biddulph, 42, as senior vice-president of business development EMEA.
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PropertyEU Archive
More occupiers looking to renegotiate leases
A growing number of occupiers are taking steps to renegotiate their existing leases in a bid to obtain better terms, according to Paul Bacon, CEO of Cushman & Wakefield. 'The majority of retailers and occupiers around the world are reviewing their contracts. It is absolutely a tenant's world.'
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PropertyEU Archive
Helaba to create EUR 1 bn of new business in France this year
German Landesbank Helaba (Hessen-Thüringen) is hoping to create around EUR 1 bn of new business in France this year as part of a plan to expand its activities in the French market. The bank, which recently announced the opening of a new office in a newly refurbished property on the ...
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PropertyEU Archive
Jelmoli to implement strategic plan by end-March
Swiss property company Jelmoli said on Wednesday it will implement its strategic plan aimed at creating the second-largest public real estate company in Switzerland by the end of March. The new company will have a property market value of approximately CHF 3.2 bn and a book equity value of CHF ...
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PropertyEU Archive
London, Paris again top European office market in 2008 - CBRE
London and Paris maintained their lead as the main markets for office investment in Europe in 2008, according to new research from CB Richard Ellis. The two cities accounted for 36%* of all office transactions completed last year, or one in every three deals. This concentration extended to the market’s ...
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PropertyEU Archive
DTZ Asset Management in final talks on EUR 40m purchase in Paris
DTZ Asset Management, the 80%-owned management arm of DTZ, is in final negotiations to acquire a prime office building in Paris for a yield of over 6.5%, Francois Brisset, co-founder of DTZ Asset Management, told PropertyEU in an interview at Mipim. Brisset said he hopes to close the acquisition by ...
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PropertyEU Archive
German sentiment picks up further in February - King Sturge
The mood in Germany’s real estate industry brightened slightly in February, according to King Sturge's monthly Real Estate Economy index. Notwithstanding the generally poor financial and economic situation in Germany, King Sturge's survey-based Real Estate Climate of the monthly Real Estate Economy index showed an 8.8% rise for the second ...
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PropertyEU Archive
Crisis set to be 'a long and painful process'
Prospects for the real estate industry remain very gloomy at Mipim 2009, according to Steve Williams, global adviser for Real Capital Analytics. 'This crisis is worse than any we've ever seen,' he said during a panel discussion at the Mipim real estate fair which got under way on Tuesday. 'So ...
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PropertyEU Archive
Savills appoints new head of Milan retail team
Property adviser Savills has appointed William Gould as director of its retail investment team in Milan. Gould joins from Cushman & Wakefield where he was a partner in Milan and worked for 10 years in retail investment. At Cushman & Wakefield he was involved in the successful conclusion of ...
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PropertyEU Archive
Agreed deals stymied by lack of finance
The 'usual suspects' are monitoring real estate markets in Europe for investment opportunities, but the main question is who has the ability to carry out deals in the current climate, a panel discussion on the first day of the Mipim international property fair in Cannes heard on Tuesday.
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PropertyEU Archive
Joint ventures could fuel sale-and-leaseback deals
Joint ventures with investors could be one way for corporates to carry out sale-and-leaseback deals despite the depressed state of the investment market, Nigel Roberts, head of EMEA research at Jones Lang LaSalle, said on the first day of the Mipim international real estate fair in Cannes.
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PropertyEU Archive
Retail property to outperform other sectors in downturn - CBRE
Retail deals featured prominently among Europe' s largest property transactions in 2008, including two of the four European investment deals over EUR 1 bn, according to CB Richard Ellis' latest Retail Investment MarketView.
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PropertyEU Archive
IVG adopts selective sales strategy; in talks with creditor banks
German property company IVG Immobilien is to start selectively selling properties in a bid to increase its scope for action. The company is also in talks with its banks on extending some EUR 900 mln worth of credit lines which are due to expire in 2009, IVG said in a ...
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PropertyEU Archive
Metro, NAI Pickard launch new Ukraine JV
NAI Pickard (NAIP) is joining forces with Germany's Metro Group Asset Management to launch a new property management joint venture in Ukraine called the Property Management Group. The new company will combine Metro's facility management skills with the long-term experience of a leading full service property consultancy, NAIP said on ...
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PropertyEU Archive
Quinn Group opens Phase One of Russian logistics facility
Quinn Group said on Monday it has opened Phase 1 of its logistics facility Q-Park in the Russian city of Kazan. Phase 1 comprises over 83,000 m[sup]2[/sup] and has already attracted interest from many large international players. Schneider, McDonalds and Michelin have already agreed lease terms for space.
