Latest reports – Page 3354
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PropertyEU Archive
Mipim preview: 'SWFs will look at their own markets first'
PropetyEU Magazine features previews of the key seminars at MIPIM in Cannes this week. If there is one panel that poses an open question it is the one entitled 'On the Road Again: Who's Buying Now?'
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PropertyEU Archive
Nordic oil company selects CBRE as new global advisor
CB Richard Ellis has been selected by StatoilHydro, a Norwegian petroleum group, as its preferred global real estate provider of transaction and project management services. StatoilHydro's 558,000 m[sup]2[/sup] global portfolio consists of over 70 properties in 40 countries.
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PropertyEU Archive
F&C REIT and Area buy Dawnay Day portfolio
F&C REIT Asset Management and Area Property Partners (formerly Apollo Real Estate Advisors) have teamed up to acquire Dawnay Day's 316,800 m[sup]2[/sup] UK portfolio. With a transaction price of over £600 mln (EUR 657 mln), the purchase ranks as the largest real estate transaction so far this year and ...
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PropertyEU Archive
Mipim preview: Low budgets and no frills
Mipim may be celebrating its 20th anniversary this year, but for the real estate industry on which it is dependent, that is little cause for cheer. Hit by the full force of the economic recession, investors, developers, occupiers and brokers everywhere are rolling out survival strategies to get them through ...
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PropertyEU Archive
PEPR announces repayment of EUR 336m of CMBS debt
ProLogis European Properties (PEPR), one Europe's largest owners of warehouse distribution facilities, announced on Monday that it will repay around EUR 336 mln of CMBS debt on 5 April 2009, three months earlier than contractually required. PEPR will use a combination of cash from operations and available capacity under its ...
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News
Increased valuations 'now hurting real estate'
UK – Frequent valuations may now be harming property funds’ performance, according to experts speaking at the Investment Property Databank’s UK 2008 Benchmark launch today.
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News
JLL sees sustainability lifting pension prospects
EUROPE – Regulation is likely to play a big part in the future of property valuation but could actually benefit pension funds, according to valuation experts at Jones Lang LaSalle (JLL).
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News
Recession pressures force HSH to downsize
GERMANY – HSH Nordbank is to dismantle its real estate business in the United States and later Western Europe as part of its plans to downsize and cope with the tough economic climate.
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News
Atis looks to 2010 recovery
EUROPE – Atisreal, part of BNP Paribas Real Estate, has predicted the decline in European commercial real estate investment activity will slow sharply this year but will then recover slowly in 2010.
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News
Swedish pension funds buys from RREEF
SWEDEN – AMF, the SEK289bn (€24.7bn) Swedish pension fund, has bought an office building in Stockholm from RREEF, the alternative investment management business of Deutsche Bank’s Asset Management.
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PropertyEU Archive
PropertyEU expands news service
PropertyEU launches its enhanced newsletter service, PropertyDay, today to keep industry professionals updated on the fast-changing real estate landscape in Europe. In place of the PropertyEU newsletter you are used to, from Monday you will receive a unique digital news service that brings together more than 100 news sources in ...
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PropertyEU Archive
Mirax completes new refinancing agreement
Russian property developer Mirax Group said on Thursday that it has completed the refinancing of $180 mln (EUR 143 mln) of Credit Linked Notes which were issued in March 2007 and were due for a put option on March 20, 2009. The new restructuring terms are virtually identical to the ...
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PropertyEU Archive
Hypo stands firm as dismissed CEO takes legal action
Troubled German property financier Hypo Real Estate has said it will welcome the opportunity to defend its decision in court to dismiss former CEO Georg Funke from the board. Funke resigned as CEO last October after the bank managed to secure a EUR 50 bn public-private bail-out to save it ...
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PropertyEU Archive
ECO Business-Immobilien sells office asset in Vienna for EUR 100m
Listed Austrian group ECO Business-Immobilien has sold an office property in the centre of Vienna to a private investor for slightly more than EUR 100 mln. Austrian bank BAWAG occupies the building which is located at Fleischmarkt 1, 3-5 in the city.
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PropertyEU Archive
IPD: unparalleled decline in global real estate returns
The extent of the ongoing decline in real estate total returns worldwide is the worst since the Investment Property Databank (IPD) began collating the figures in 1985. This crisis is unique from earlier ones in that it preceded rather than followed on from an economic downturn, according to Ian Cullen, ...
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PropertyEU Archive
Reyal Urbis sells EUR 1.6bn of assets to banks
Spanish property company Reyal Urbis sold property assets worth EUR 1.6 bn to unnamed banks in the course of 2008, the company said in a statement to the local stock market regulator. The sales were part of a refinancing agreement for about EUR 3 bn of corporate debt which the ...
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PropertyEU Archive
RREEF sells Stockholm's Europahuset to pension fund
Deutsche Bank's RREEF has sold the Europahuset office property in Stockhom to Swedish pension fund AMF for an undisclosed amount. The German investor bought the property back in 2003 for its Grundbesitz Global open end real estate fund from Drott for SEK 800 mln (around EUR 88 mln). Catella advised ...
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PropertyEU Archive
Yield shift in European retail generates investor opportunities: Savills
European prime shopping centre yields have risen from 5.0% at end 2007 to around 6.3% at present, with secondary yields reaching as much as 7.25%, compared to 5.8% a year ago, research from Savills shows.
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PropertyEU Archive
Corio reports stable direct result of EUR 204m
Dutch retail property giant Corio has reported a direct result of EUR 204 mln for 2008 compared to EUR 203 mln the year before. Per share, the result came to EUR 3.08 compared to EUR 3.07 per share in 2007.
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PropertyEU Archive
King Sturge forecasts 50% rental drop in London over next 2 years
The UK is facing a very challenging economic climate but 'unprecedented' opportunity has arisen in the office property market, according to international property consultant King Sturge. In its latest research report on the UK office market, King Sturge points to a number of positives, including the outlook for UK regional ...
