Latest reports – Page 3369
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PropertyEU Archive
Occupier sales account for 20% of European transactions in 2008
Sales of commercial real estate by occupiers accounted for almost 20% of the European investment market last year, and will remain an important part of the weakened market in 2009, CB Richard Ellis has said.
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PropertyEU Archive
Top 5 deals (2-6 February 2009)
The largest real estate investment transaction reported by PropertyEU between 2 - 6 February 2009 was the acquisition by OPCI funds managed by AEW Europe of a portfolio of 45 properties in France for EUR 360 mln.
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PropertyEU Archive
Skanska applies LEED to Nordic projects
Swedish construction and real estate development giant Skanska has said it is incorporating the international environmental certification system, Leadership in Energy and Environmental Design (LEED), in its Nordic building construction operations.
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PropertyEU Archive
European investment volumes down 52% in 2008 - C&W
Investment in European real estate fell 52% to $178 bn (EUR 138 bn) last year, but the region remained the most popular destination for property buyers, according to new figures from Cushman & Wakefield. Europe accounted for 41% of all commercial property transactions in 2008. Asia came in second place ...
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PropertyEU Archive
Terrace Hill completes EUR 29m refinancing of London asset
Terrace Hill Group, an AIM-listed property development and investment company, has arranged a £27.45 mln (EUR 28.96 mln) refinancing with Alliance & Leicester for its 129 Wilton Road asset in London. The investment facility replaces the previous development funding provided by Hypo Real Estate.
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PropertyEU Archive
PEPR to focus on deleveraging in 2009
Prologis European Properties (PEPR) will continue to address its liquidity concerns and focus on debt refinancing this year, according to the group's newly appointed CEO Peter Cassels.
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PropertyEU Archive
Top 5 deals, Week 5 (26- 30 January 2009)
The largest real estate investment transaction reported by PropertyEU between 26 - 30 January 2009 was the sale by Dutch communication services group KPN of EUR 180 mln worth of real estate in 2008. The two largest deals during the week were both valued at EUR 50 mln.
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PropertyEU Archive
Henderson fund acquires Barberino retail outlet for EUR 125m
Henderson Global Investors has acquired the Barberino designer outlet centre in Italy from McArthurGlen for EUR 125 mln. The property is located in Barberino del Mugello, 25 km north of Florence and is being contributed to Henderson’s European Outlet Mall Fund.
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PropertyEU Archive
King Sturge tips London student digs as 'star performer'
London's student accommodation sector will be this year's star performer as it bucks the negative trend affecting the rest of the real estate market, according to King Sturge.
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PropertyEU Archive
Deka in EUR 82m sale&leaseback with BBVA
Germany's Deka Immobilien said on Tuesday that it has acquired a landmark office building in Barcelona's central Plaza de Catalunya square from Spain's second largest bank, BBVA, for approximately EUR 82 mln. The building was bought in a sale-and-lease back transaction. Colliers advised Deka.
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PropertyEU Archive
Hammerson unveils EUR 670m rights issue
UK real estate group Hammerson confirmed on Monday that it is seeking to raise net proceeds of £584 mln (just under EUR 670 mln) in a fully underwritten 7-for-5 rights issue to reduce its debts and cut its gearing level.
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PropertyEU Archive
Weinberg gets green light to launch OPCI vehicles
Weinberg Capital Partners, the Paris-based real estate private equity group, said it has received permission from the French financial market authority AMF for the launch and management of OPCI non-listed property investment trusts. The company said the watchdog has also approved its first OPCI RFA vehicle.
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PropertyEU Archive
German retail to stay resilient - Treveria
Treveria, the German-focused retail real estate investment company, has said that that it believes the German retail sector should remain more resilient and less volatile than in the UK.
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PropertyEU Archive
British Land sells 50% of Meadowhall mall for EUR 673m
UK REIT British Land has sold a 50% stake in its Meadowhall shopping centre for £588 mln (EUR 673 mln) to AIM-listed property investor London & Stamford and a partner. In a statement issued on Monday, British Land said it has exchanged contracts to form a new 50:50 joint venture ...
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PropertyEU Archive
FSA set to regulate sale and rent back market to protect occupiers
The UK Financial Services Authority (FSA) is to regulate sale and rent back schemes with an emergency interim regime that will come into force in July to address the growing threats consumers are facing in today's deteriorating lending market.
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PropertyEU Archive
Vacant offices spring up all over London, says C&W
The amount of vacant office space in central London has increased by 36.5% in the last 12 months, as companies affected by the economic downturn shed staff, consolidate their property holdings or relocate to alternative locations.
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PropertyEU Archive
Westbrook allows investors to cut forward commitments by 10%
US private equity group Westbrook Partners is letting cash-strapped investors reduce forward commitments by 10%, according to an article in the Wall Street Journal. The paper reported that the group is making the offer to investors in its eighth fund, Westbrook Real Estate Fund 8, which closed in 2008 with ...
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PropertyEU Archive
Sberbank acquires complex in Moscow for $300m
Russian savings bank Sberbank has invested close to $300 mln (EUR 230 mln) in the acquisition of the Yuzhny Port office copmplex in Moscow from developer Midland Development, newspaper Vedomosti has reported. The centre, which is currently being renovated, comprises 57,000 m[sup]2[/sup] of office space that Sberbank has leased over ...
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PropertyEU Archive
Office take up across Europe falls by 27%
Overall take-up volumes in Europe during the fourth quarter of 2008 were down 27% on the previous year at 3 million m2, and down 2% quarter on quarter, according to Jones Lang LaSalle's Q4 2008 European Office Clock.
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PropertyEU Archive
Blackrock Intl sees 'disappointing' NAV drop of 36%
Blackrock International, the Dublin-based investment group, has seen its Net Asset Value fall by 36% in the course of 2008 as a result of deteriorating conditions in the property market. The company said that its NAV per share is expected to amount to slightly more than EUR 0.25 at end-December ...
