Latest reports – Page 3355
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PropertyEU Archive
Bank of England cuts interest rate to 0.5%
The Bank of England has reduced its interest rate by 0.5% points to 0.5%, the lowest since the bank was founded in 1694. The bank also announced a programme to purchase £75 bn (EUR 84.5 bn) of assets aimed at boosting the supply of money and credit.
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PropertyEU Archive
FTSE EPRA/NAREIT Europe index sheds 8.2% in February
Europe was the strongest regional performer in the FTSE EPRA/NAREIT index series in February, despite continuing losses, according to the latest figures from the European Public Real Estate Association (EPRA). The FTSE EPRA/NAREIT Europe shed 8% in the month, compared to a loss of 19.6% for North America and a ...
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PropertyEU Archive
Office sub-letting rises in Frankfurt as crisis starts to hit
The rental market in Germany´s financial hub Frankfurt is starting to show the first signs of fallout from the economic crisis, according to property consultant NAI apollo.
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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
Mercialys buys retail portfolio from Casino for EUR 334m
French retail group Casino has sold a portfolio of 25 properties to its majority-controlled property arm Mercialys for EUR 334 mln. The portfolio consists of 25 assets to be completed during 2009 and 2010, and comprises four distinct asset classes: three shopping centers in Besançon and Arles, which are already ...
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PropertyEU Archive
SPD sells two development projects at Fornebu
Scandinavian Property Development has entered into a contract to sell two development projects, Fornebu Senter and Arena Handel, near Oslo to Kommunal Landspensjonskasse (KLP). The transaction, which is subject to approval by both boards, is valued at NOK 275 mln (almost EUR 31 mln) with additional earn-out potential of NOK ...
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PropertyEU Archive
Oliver Stumm joins management of Business Network Marketing
Oliver Stumm, 42, has joined the management of Business Network Marketing and Verlagsgesellschaft as managing partner. His task at this specialist consulting firm for business communication will be to expand the area of real estate and finance business, and to boost the company's strategic development. This will, among other things, ...
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PropertyEU Archive
PropertyEU launches enhanced daily service
PropertyEU launches its enhanced newsletter service, PropertyDay, on Monday 9 March 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 ...
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PropertyEU Archive
Depfa Tier 1 vehicle to miss payment on preferred securities
Dublin-based public sector financier Depfa Bank, a member of the troubled Hypo Real Estate Group, has announced that its Tier 1 issuing vehicle, Depfa Funding IV, will not make payments on its EUR 500 mln preferred securities on the next distribution payment date scheduled 21 March 2009.
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PropertyEU Archive
Starwood sells Sheraton Brussels hotel
Starwood Hotels & Resorts, advised by CB Richard Ellis, has sold Brussels' Sheraton hotel, the largest hotel in the city, to the pan-European investment company International Real Estate Plc (IRE) for an undisclosed amount.
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PropertyEU Archive
RICS: Eastern European property prices plummet
The ongoing decline in capital values in Western Europe has shifted eastward, with the coming months likely to see significant price falls across many Central and Eastern European markets, according to RICS Global Commercial Property Survey published this week.
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News
Maryland to invest in real estate this year
US – The Maryland State Retirement and Pension System (SRPS) has committed around $600m ($477m) to real estate funds for 2009.
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News
US pension funds stick with Westbrook
UNITED STATES - Three pension funds in the United States have decided to keep their original commitments in the Westbrook Real Estate Fund VIII, despite being given the option to reduce their holdings.
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News
CalSTRS signed just one deal in Q4
UNITED STATES - California State Teachers Retirement System significantly slowed its real estate investing during the last quarter of 2008 and added just one small investment to its portfolio.
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News
Knight Frank warms to residential new builds
UK – London’s prime new build residential market is becoming increasingly attractive to investors and developers, and could be beginning to level out, according to Knight Frank’s 2009 London residential development review.
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News
Climate Change to do its first sustainable property
UK - Climate Change Capital (CCC), the investment manager and adviser specialising in sustainable investments, has made the first purchase for its property fund.
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News
Student accommodation reopens under revised terms
UK – Brandeaux has reopened its student accommodation fund this week by issuing a new share class and amending redemptions rules.
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News
Office to recover in 2010 – C&W
GLOBAL – Global office property markets continue to face uncertainty and tough times ahead but should start recovering in 2010, suggests the latest research by Cushman & Wakefield.
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News
INREV and IPD end data deal
GLOBAL - The European Association for Investors in Non-listed Real Estate Vehicles (INREV) has ended its agreement with the Investment Property Databank (IPD) to provide data and a fund index service.
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News
Cordea makes new international signing
GLOBAL – Cordea Savills, the international property fund manager, has appointed Michael Flynn as global head of its institutional business.
