Latest reports – Page 3353
-
PropertyEU Archive
German banks dominate list of lenders for UK property
German banks are the main lenders for large new deals in UK commercial property, according to a ranking compiled by property consultant Savills. Of the top 12 lenders identified by Savills, eight are German banks, the firm said on Tuesday.
-
PropertyEU Archive
HGI set to re-enter French investment market in H2
Henderson Global Investors has a war chest of EUR 100 mln to invest in the French property market during the second half of 2009, Chris Linney, head of France at Henderson Global Investors, said in an interview with PropertyEU on the first day of the Mipim fair in Cannes.
-
PropertyEU Archive
Spanish transactions to average EUR 30m in 2009
Spanish investment transactions will average EUR 30 mln in 2009 as international investors join local competitors in search of bargains, property consultant Savills predicts in its latest office report.
-
PropertyEU Archive
International hotel operators drive growth in Russia
The Russian hotel sector is seeing unprecedented levels of growth fuelled by international operators of the likes of Hilton, Holiday Inn, Accor and Rezidor, Stefano Carosi, head of Investment at DTZ in Russia, said in an interview with PropertyEU on the first day of the Mipim fair in Cannes.
-
PropertyEU Archive
Sparkassen Immobilien acquires OMV's HQ
Austrian real estate developer Sparkassen Immobilien has acquired the new headquarters building of local oil and gas group OMV and the Courtyard Marriott hotel, which is located on the same site.
-
PropertyEU Archive
Temporary waivers loan-to-value breaches on the rise
A growing number of banks are offering temporary waivers on breaches of loan-to-value covenants, according to Peter Kasch, managing partner of fund manager Catalyst Capital. 'They may ask for additional equity or fees, but most banks are fundamentally cooperative,' he said during an interview at Mipim, the annual real estate ...
-
PropertyEU Archive
Immoeast 'on target' with reducing development pipeline
CEE property developer Immoeast expects to complete a review of its development pipeline in the next six weeks aimed at reducing the number of projects from 140 in October last year to about 50-55. 'We are close to achieving the target, as around 60 projects have already been terminated,' said ...
-
PropertyEU Archive
Sponda's chief financial officer steps down
Finnish property company Sponda has announced that chief financial officer Robert Ohman has resigned. Ohman's employment will end by 9 May at the latest.
-
PropertyEU Archive
Helaba boosts presence in France with new office
German Landesbank Helaba (Hessen-Thüringen) is expanding its activities in the French market with a new office on the Champs-Elysees in Paris. The bank has been active in real estate lending in the country since 1995.
-
PropertyEU Archive
CBRE boosts CEE activities with new Bulgarian affiliate
CB Richard Ellis Group has signed an affiliate agreement with MBL EOOD, a commercial real estate services provider in Bulgaria. The affiliation will leverage the leading capabilities of both companies by combining strong local market expertise with a global platform and client relationships.
-
PropertyEU Archive
Mipim attendance down by a third
The number of participants at this year's Mipim has slumped by 30% compared with 2008 as companies across the real estate spectrum cut their delegations and scale back their activities at the world’s biggest property fair.
-
PropertyEU Archive
Draco, Coopsette to kick off EUR 1.5 bn Motorcity project in Verona
Italy's Draco Real Estate and Coopsette are launching their fully-owned Motorcity project covering an area of 450 hectares this week at MIPIM. The development, which will become one of Europe's largest European infrastructure and entertainment projects, is located near Veneto in Northern Italy and willl include an entertainment theme park, ...
-
PropertyEU Archive
German participation at Mipim down 30%
The number of German participants at this year's Mipim will be down around 30% at 2,100 compared with 2008, according to registration figures obtained by German property magazine Immobilien Zeitung. Of the 29,000 total viistors registered last year, 3,061 came from Germany.
-
PropertyEU Archive
Union Investment buys Munich project for EUR 100m
Union Investment Real Estate has bought the Atmos office development in Munich for more than EUR 100 mln from CA Immo, the Austrian company said in a press release on Monday.
-
PropertyEU Archive
Pension group buys two properties in Helsinki
Pension fund Varma has expanded its property portfolio by purchasing two properties in the surroundings of Helsinki. The group has bought a sports and welfare centre in Salmisaari, Helsinki from YIT for EUR 37 mln. The centre is under construction and is expected to be completed in the spring of ...
-
PropertyEU Archive
MyZeil welcomes 400,000 visitors in 3 days
MAB Development's MyZeil shopping centre in Frankfurt has attracted over 400,000 visitors in thre three days since its opening in end-February. According to the Dutch developer, the numbers have beaten the most positive footfall expectations, and 'even more in these difficult times'.
-
PropertyEU Archive
Hochtief to build new tower in Frankfurt
Hochtief Construction said on Monday it is to build a 185-metre tower in Frankfurt for developer Vivico for EUR 60 mln. The building, known as Tower 185, will be one of the tallest in Germany. It will be located at the entrance to the Europaviertel, between the trade fair grounds, ...
-
PropertyEU Archive
Argo fund launches Ukraine's Riviera Shopping City
Argo Real Estate Opportunities Fund has announced the opening of the DIY OBI store at the Riviera Shopping City in Odessa, Ukraine. The 14,000 m[sup]2[/sup] shop of the German retailer OBI is the first international DIY store in Odessa, Argo said. OBI has a total of 525 stores throughout Europe.
-
PropertyEU Archive
Babis Vovos seeks EUR 125m refinancing for Votanikos mall
Greek listed property developer Babis Vovos said it has entered negotiations with its lenders, Alpha and Piraeus Bank, on a EUR 125 mln refinancing of the Votanikos shopping centre development in Athens.
-
PropertyEU Archive
Mipim preview: 'It's not a liquidity but a solvency problem'
A panel at this year's Mipim devoted to lending is certain to generate a range of opinions. According to one of the panellists, Michiel Rang, CEO Europe and Asia at ING Real Estate Finance, it is first of all necessary to properly identify the problem.
