Latest reports – Page 3361
-
PropertyEU Archive
Energy firm suspends CEO over Russian real estate deals
London-listed Russian energy company Sibir has suspended its CEO Henry Cameron while the firm investigates controversial real estate deals with its main shareholder, Chalva Tchigirinski.
-
PropertyEU Archive
Mike Goodson joins ADIA Real Estate
Mike Goodson has become global head of Hospitality at Abu Dhabi Investment Authority Real Estate. Until October 2008, Goodson was the European managing director of Host Hotels & Resorts, based in London.
-
PropertyEU Archive
REITs and banks likely to be forced sellers this year, says JLL
In what may be an early indication that property markets are close to resolving pricing uncertainty, some stressed and distressed owners are being finally forced into the market, Jones Lang LaSalle has said in its latest Global Market Perspective research report.
-
PropertyEU Archive
Cross-border investment plunges in H2 2008
European cross-border activity plunged significantly last year as investors focused on their home markets, a recent report by CB Richard Ellis has said.
-
PropertyEU Archive
New management team appointed at Catella Property Benelux
Property adviser Catella has announced the appointment of Maxime Xantippe as managing director of Catella Property Benelux. Cedric Mali and Maxime Kumpen will join Xantippe as the new management team of the Benelux unit.
-
PropertyEU Archive
MyZeil opens in Frankfurt
MyZeil shopping centre, which features more than 80 retail units on 77,000 m[sup]2[/sup] of space, has opened in Frankfurt, Germany. The mall is an integral part of Palais Quartier, the major mixed-use project being developed by Dutch companies MAB Development and Meyer Bergman.
-
PropertyEU Archive
Retailers set for CEE expansion, says JLL
Turkey and Russia have emerged over the past two years as the key target destinations for retailers expanding internationally, according to new retail research from real estate advisor Jones Lang LaSalle. Turkey accounted for 11.3% of the total cross-border movements, whilst 10.6% of retailers entered Russia. Central and Eastern Europe ...
-
PropertyEU Archive
Hong Kong, Tokyo overtake London as the world's most expensive office locations
London has lost its status as the world's most expensive office location for the first time in nine years. According to the new Office Space Across the World 2009 report from global real estate advisor Cushman & Wakefield, Hong Kong and Tokyo are now the world's two most expensive locations ...
-
PropertyEU Archive
Hammerson gains on JPMorgan upgrade
Listed Anglo-French property group Hammerson advanced strongly on Wednesday as analysts at JPMorgan upgraded the company from neutral to overweight. Hammerson, the 4th largest UK real estate investment trust (REIT) was up 7.4% to 333.7 pence in afternoon trading after hitting a high of 344 pence.
-
PropertyEU Archive
DTZ shuts down Austrian office, opens in Montpellier
Global property services firm DTZ is closing down its office in Austria at the end of March as a result of the financial crisis and worsening economic conditions, according to magazine Thomas Daily. The company appointed Matthäus Jiszda in May 2006 to head the business in the country. The group ...
-
PropertyEU Archive
Property advisory consolidation is inevitable, says BNP Paribas
Global property services firms have expanded too rapidly over the past years with some having fuelled this expansion with short-term debt finance that is
-
PropertyEU Archive
Invista reports loss of £3.7m in 2008
Invista Real Estate reported a pre-tax loss of £3.7 mln (EUR 4.2 mln) for full-year 2008, compared to a pre-tax profit of just under £50 mln in 2007. The largest UK listed property fund manager blamed the loss on the 'unprecedented falls' in UK commercial real estate.
-
PropertyEU Archive
Prologis leases 38,000 m[sup]2[/sup] in Southern France
Prologis, a global provider of distribution facilities, has leased more than 38,560 m[sup]2[/sup] in southern France to Point P, one of France's top distributors of construction materials and a subsidiary of the Saint-Gobain Group.
-
PropertyEU Archive
IVG sells properties for EUR 140 mln
German property investor IVG Immobilien said on Wednesday it has recently sold property in Berlin, Munich and Paris for more than EUR 140 mln. In a statement, IVG said the deals involve cash and debt, and that the cash amount has already been received.
-
PropertyEU Archive
Retail outlets outperform in lean times
With retail outlets outperforming traditional retail amid the economic crisis, this niche sector has seen a flurry of investment activity over the past months. In early February, Neinver's Irus fund, which focuses on designer outlets, has bought Germany's largest outlet centre from a joint venture of Kenmore, RevCap and OCI ...
-
PropertyEU Archive
Alta Fides expands board
Listed German property company Alta Fides has announced the appointment of Rudolf Bartsch to the board. Together with Jan Giessler, Bartsch will be the board member responsible for project development and acquisitions, as well as for the strategic and operative asset management for the Stuttgart-based company.
-
PropertyEU Archive
German states agree EUR 13 bn bailout for HSH Nordbank
The governments of the German states of Hamburg and Schleswig-Holstein agreed on Tuesday to inject EUR 3 bn into regional bank HSH Nordbank, which is undergoing a radical restructuring. The states - which own 60% of HSH Nordbank - are also providing a further EUR 10 bn in guarantees.
-
PropertyEU Archive
Keen starts construction of Galeria Victoria
Keen Property Partners Retail has started construction of the Galeria Victoria entertainment and retail centre in the Polish city of Walbrzych. The grand opening of the shopping centre is planned for spring 2010.
-
PropertyEU Archive
DIC Asset steady despite 8.5% valuation drop
Listed German property investor DIC Asset has re-assured its shareholders that it is 'holding its own' in the difficult market conditions. The company's board sent a letter to shareholders on Tuesday saying that the group expected to report a profit of EUR 25 mln for 2008.
-
PropertyEU Archive
Deka buys Frankfurt hotel
Deka Immobilien has acquired a four-star business hotel in Frankfurt for its open-ended fund WestInvest TargetSelect. The seller is a joint venture of German property developer Fom Estate GmbH and Quinlan Private. The hotel was recently developed by Fom Estate and is a part of a larger complex which includes ...
