Latest reports – Page 3356
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PropertyEU Archive
CBRE selected by Nokia as global real estate adviser
CB Richard Ellis has announced that it has been selected by mobile phone giant Nokia as its exclusive global strategic real estate advisor. The service will include transaction management, brokerage and lease administration services.
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PropertyEU Archive
Niam recruits Hagerdal as senior director of portfolio management
Niam, a private equity firm in Northern Europe specialising in property, has appointed Maria Hagerdal as senior director, portfolio management to replace Urban Ehrling. Prior to joining Niam, Hagerdal was the head of asset management at Landic Property.
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PropertyEU Archive
Multi, Tesco JV opens Forum Liberec in Czech Republic
Multi Development has said that Phase 1 of its Forum Liberec shopping centre has opened its doors in the north of Czech Republic. The centre features a modern Tesco department store with a sales area of 10,000 m2, 60 other shops and around 850 parking places. Phase 1 also includes ...
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PropertyEU Archive
Segro unveils EUR 562m discounted rights issue
Segro's shares rose sharply on Wednesday after the firm unveiled plans for a 12-1 fully underwritten rights issue to raise £500.6 mln (EUR 562 mln). The UK-based real estate investment trust (REIT) said the net proceeds of the rights issue would be used to reduce net debt.
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PropertyEU Archive
Starwood appoints John McCarthy as global head of asset management
Starwood Capital Group Global has named John McCarthy as global head of asset management, in charge of Starwood's worldwide real estate portfolio. McCarthy joins Starwood Capital from Lehman Brothers, where he most recently served as global co-head of asset management for Lehman Brothers Real Estate Private Equity. In that capacity, ...
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PropertyEU Archive
VastNed O/I refinances EUR 370m loan portfolio
Rotterdam-based VastNed Offices/Industrial has refinanced its existing loan portfolio for Dutch and German property totalling EUR 370m to deal with a breach of one of its loan covenants. The refinancing relates to about 62% of the company's outstanding loan portfolio.
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PropertyEU Archive
Global hotel markets to feel pressure in 2009, says E&Y
Global hotel markets are expected to continue to feel pressure from contracting economies and reduced leisure and business travel across much of the world in 2009. However, despite declines across most major regions of the world in 2008, operating performance in the global hotel industry remained profitable as hoteliers focused ...
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PropertyEU Archive
Alta Fides completes first property in the student housing segment
German property company Alta Fides has begun its expansion into the student living sector by launching the marketing for its first three projects in Greifswald, Erlangen and Leipzig - totalling more than 500 residential units.
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PropertyEU Archive
Financial aid requests in Germany up EUR 31 bn in February
Germany's financial market stabilisation fund Soffin has said that applications for state aid from financial institutions rose by EUR 31 bn in February. The fund, set up in October 2008 to bail out financial services institutions with severe liquidity problems, received applications for EUR 294 bn in February, compared with ...
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PropertyEU Archive
CA Immobilien sees 7% valuation drop
Listed Vienna-based CA Immobilien Anlagen has said favourable operational developments in 2008 were offset by significant revaluation losses and impairments.
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PropertyEU Archive
Sainsbury's acquires 24 UK stores for EUR 93m
UK retailer Sainsbury's has acquired 24 stores from the Co-operative Group for £83 mln (EUR 93.3 mln), with a further £45 mln (EUR 50.6 mln) of fit-out costs being incurred. The 22 Somerfield branded stores and two Co-operative-branded stores in the UK have a net selling area of 22,000 m[sup]2[/sup]. ...
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MagazineCommitment issues
There is growing evidence that limited partners in real estate funds are seeking to delay capital calls. Richard Lowe explores what this means for alignment of interest and the options investors have when capital commitments cannot be met
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MagazineRedefining performance
Progress has been made in ensuring alignment of interest, but today’s downturn is placing strain on existing provisions. What should investors do? Stephanie Schwartz-Driver investigates
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Magazine
Staying at home
A year ago, PKA was looking to invest in Asian real estate. Today, it is almost exclusively focused on opportunities in its home market. Richard Lowe talks to Nikolaj Stampe about investing in uncertain times
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MagazineFeeling the squeeze
The denominator effect has caused many investors’ level of exposure to real estate to increase artificially and has placed pressure on their liquidity management. Richard Lowe talks to three European pension funds about their experiences
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Magazine
Waiting and watching
German pension funds are torn between avoiding the risks of real estate investment in the current recession and availing themselves of the rewards that a recovery is likely to bring. Christine Senior reports
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Magazine
After the storm
Austrian investors remain cautious when it comes to re-investing their money into any asset class, including real estate. But some see opportunities arising from the crisis and hope it served as a ‘cleansing thunderstorm’. Barbara Ottawa reports
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MagazineHome truths
Their slow, steady investment strategies and high weighting to domestic assets, means most Swiss pension funds are not venturing outside their home market in current downturn. However, the gradual move to global diversification is by no means off the cards in the long term. Lynn Strongin Dodds reports
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MagazineStill hungry
There is still substantial appetite among Nordic pension funds for non-listed real estate investments, according to a new survey by Lymos BV Real Estate Capital Advisors. Mariëtte Meulman explores the report’s findings
