Latest reports – Page 3363
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News
Banks take over Spain’s real estate giant
SPAIN – Metrovacesa SA, Spain’s largest property firm, has handed over majority control of the company to six of its creditor banks in exchange for debt.
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News
Cross-border trading fell in 2008
EUROPE – Cross-border commercial property investment in Europe fell to 45% of the total activity in 2008, according to the latest research by CB Richard Ellis.
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News
JLL shakes up Asia
ASIA – Jones Lang LaSalle (JLL) has announced a series of management changes in its Asian division.
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News
Government action sought on infrastructure investing
GLOBAL – Pension funds are becoming increasingly attracted to investing in infrastructure but governments should do more to encourage them, according to the latest report published by the Organisation for Economic Co-operation and Development (OECD).
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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
Glanmore explores ways of raising new capital
Glanmore Property Fund is exploring ways of raising capital to avoid breaching its loan covenants. Glanmore is a £977 mln (EUR 1.1 bn) investment vehicle established in 1997 to give private investors and pension funds exposure to the UK commercial property market.
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PropertyEU Archive
Cross-border investment activity down in 2008 - CBRE
Cross-border commercial property investment activity fell to 45% of total European activity in 2008, according to new research by CB Richard Ellis.
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PropertyEU Archive
Fortress to take UK property outsourcer Mapeley private
Mapeley, a property investment and outsourcing specialist in the UK, is set to become the first real estate company to de-list from the London Stock Exchange since the onset of the downturn.
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PropertyEU Archive
Demand up for asset and property management mandates
The number of requests for asset and property management mandates is increasing dramatically as investors seek to reorganise their real estate portfolios acquired in the last few years, according to the German arm of independent real estate consulting group NAI. Frankfurt-based NAI apollo said that its property management has recently ...
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PropertyEU Archive
CBRE named among top outsourcing providers
The International Association of Outsourcing Professionals (IAOP) has named CB Richard Ellis Group in The Global Outsourcing 100 for the third year in a row.
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PropertyEU Archive
Land Secs portfolio drops 20% in four months
The value of Land Securities' investment property portfolio declined 20% from £12.5 bn (EUR 14.2 bn ) at end-September 2008 to £9.96 bn (EUR 11.3 bn) on 31 January this year. The company released the information on Thursday as it announced plans to raise £755.7 mln (EUR 860 mln) through ...
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PropertyEU Archive
SNS Property Finance reports 67% drop in net result
SNS Property Finance's underlying net result for 2008 declined by 67% to EUR 28 mln, its parent company SNS Reaal reported last week. The group said the net result at SNS Property Finance before impairment charges increased 17.5% to EUR 114 mln, due to higher net interest income. ...
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PropertyEU Archive
Crisis unleashes more leasebacks
Europe's sale-and-leaseback market looks set to reach an historic peak this year as occupiers increasingly look to property sales to fund their core business. With lenders keeping a tight rein on credit, corporates are being forced to look for alternative sources of financing and real estate sales are high on ...
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PropertyEU Archive
Top 5 investment deals, 16-20 February 2009
The largest real estate investment transaction reported by PropertyEU between 16-20 February 2009 was the closing by Compagnie Fonciere Internationale of the acquisition of 12 cinemas in France for EUR 153 mln.
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PropertyEU Archive
DHL Exel Supply Chain picks CBRE to aid European expansion
DHL Exel Supply Chain (DESC), Europe's largest global supplier of logistics services, has appointed CB Richard Ellis' Cross-Border Industrial and Logistics team to support its expansion across Europe, Middle East and Africa (EMEA).
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PropertyEU Archive
Savills creates sale-and-leaseback team in Paris
Savills Paris has created a dedicated 'sale-and-leaseback' team within its investment department in order to respond to the financial needs of its corporate clients. The team will be led by Boris Cappelle in the Paris office.
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PropertyEU Archive
Christie + Co markets luxury hotel in Monaco
Christie + Co has been instructed to market the internationally-acclaimed 181-bedroom Columbus Hotel in the Principality of Monaco on behalf of its owners.
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PropertyEU Archive
Multi Vastgoed launches Spijkenisse project
Multi Vastgoed, the Dutch unit of Multi Corporation, has announced the launch of a mixed-use development in Spijkenisse in the western Netherlands. The town centre development project is being led by Multi Vastgoed in close collaboration with the Spijkenisse city council and is expected to open in 2011.
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PropertyEU Archive
Revaluations bring ING RE's quarterly income to zero
Some EUR 276 mln of negative fair value changes reduced ING Real Estate's income for the fourth quarter of 2008 to zero. This compares to EUR 342 mln of income in the fourth quarter of last year.
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PropertyEU Archive
Immofinanz CEO to leave after paving way for restructuring
Immofinanz has said CEO Thomas Kleibl is leaving the listed Austrian real estate group on 28 February having re-established confidence in the firm among its banks and set it on course for recovery.
