Latest reports – Page 3370
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News
French property market 'must adapt to survive'
FRANCE – Property experts have predicted the French real estate industry is set to deteriorate even further in 2009 as a result of the financial crisis and will have to adapt itself to investors’ demands in order to recover.
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News
Derivatives are not an indicator of property values - IPD
GLOBAL - Property derivatives trading remains strong compared to direct property but should not be used to estimate property values, according property experts speaking at the launch of the IPD UK 2008 results.
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News
Push to reduce climate change on property values
GLOBAL – The Institutional Investors Group on Climate Change has issued a report encouraging pension fund trustees to seek advice on ways of reducing the negative impact of climate change on property values.
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News
Duncan heads First Industrial
US – First Industrial Realty Trust, the North American Real Estate Investment Trust (REIT), has appointed Bruce Duncan as president and chief executive officer.
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News
JLL sees earnings drop in tough times
US – Jones Lang LaSalle (JLL) suffered a 61% fall in earning in the fourth quarter of 2008, bringing the firm’s total net income for the year to $84m (€65.2m).
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PropertyEU Archive
Added-value strategy loses its shine - INREV
Non-listed property funds with an added-value strategy have lost some of their appeal in the difficult market conditions dominating Europe. A survey conducted by the European Association of Investors in Non-Listed Real Estate Funds (INREV) indicates investors are leaning towards the safer haven of core funds.
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PropertyEU Archive
Argo fund signs up four tenants for Ukraine mall
Argo Real Estate Opportunities Fund has signed up four new tenants for the Odessa Riviera Shopping City complex in Odessa, Ukraine. The four fashion brands Zara, Pull and Bear, Bershka and Stradivarius, will together occupy around 3,000 m[sup]2[/sup] of the 100,000 m[sup]2[/sup] centre, which is due to open its doors ...
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PropertyEU Archive
British Land, Hammerson seek to raise EUR 1.1bn
Two of the largest real estate investment trusts in the UK are set to announce rights issues this week to raise up to £1 bn (EUR 1.1 bn) to strengthen their balance sheets.
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PropertyEU Archive
Neinver fund shops in Germany with EUR 110m deal
Neinver, a leading Spanish developer, asset manager and investor, has acquired the Zweibrucken Designer Outlet in Germany from a joint venture of UK firms Kenmore Property Group and Revcap for EUR 110 mln. The property will be held in the investment portfolio of Irus European Retail Property Fund.
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PropertyEU Archive
MGPA and Concerto sign up major tenant at Lille park
MGPA, the private equity real estate investment advisory firm, and Concerto European Developer have announced that 43% of the Logiffine logistics park development in Lille has been let to logistics group Group Bils Deroo.
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PropertyEU Archive
Unibail-Rodamco: EPS up 8.4%, portfolio valuation down EUR 1.7 bn
Franco-Dutch property giant Unibail-Rodamco reported that the total value of its portfolio fell by EUR 1.7 bn in 2008, leading to a net loss of EUR 1.1 bn compared to a net profit of EUR 944 mln the year before.
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PropertyEU Archive
Land Securities gets green light for Victoria scheme
Land Securities, UK's largest REIT, said on Friday that it has been granted planning consent for its 138,000 m[sup]2[/sup] Victoria Transport Interchange (VTI2) scheme in London's West End from Westminster City Council.
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PropertyEU Archive
Insolvency in UK to rocket in 2009 - KPMG
Corporate insolvencies in the UK will rise dramatically in 2009 to 5,000 as all sectors of the economy are overtaken by the economic downturn, according to KPMG.
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PropertyEU Archive
Shareholders left empty-handed by Babcock sell-off deal
Struggling listed infrastructure and property asset management group Babcock & Brown has reiterated there will be no value for shareholders and little or no value for holders of the company's subordinate notes after the implementation of a mass sell-off of assets to pay down its bank debt.
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PropertyEU Archive
Moorfield completes £30m sale-and-leaseback
London-based fund manager Moorfield Group has concluded a £30 mln (EUR 33.5 mln) sale-and-leaseback with leisure group Mitchells & Butlers for its 95,000 sq ft (8,826 m2) head office and adjoining 120-room hotel in Birmingham.
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PropertyEU Archive
Property funds warm to UK opportunities
The UK has overtaken France and Germany as the preferred location in Europe for investment by non-listed property funds, according to the Investors Intentions survey 2009 compiled by the European Association of Investors in Non-Listed Real Estate Vehicles (INREV). The survey also confirms that the UK office and retail sectors ...
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PropertyEU Archive
SEB unveils EUR 1.4b rights issue to boost capital base
Swedish bank SEB has unveiled a SEK 15 bn (EUR 1.4 bn) rights issue and plans to skip the 2008 dividend in a bid to strengthen its capital base by SEK 19.5 bn. The rights issue is fully committed and underwritten, SEB said in a statement on Thursday.
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PropertyEU Archive
Dutch pension funds book sharp falls on property
Dutch pension fund giants ABP and PGGM booked steep losses on their property holdings in 2008 as property markets deteriorated worldwide in the wake of the credit crisis. Civil service pension fund ABP, one of the world's biggest pension funds, posted a loss of 30% on its portfolio while healthcare ...
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PropertyEU Archive
Schild sells German apartments for EUR 18m
Dutch property fund Schild Duitsland Dusseldorf Vastgoed Fonds has sold two apartment complexes in Dusseldorf to German housing corporation Wohungsgenossenschaft Essen-Nord for a total EUR 18.3 mln. The Internal rate of Return (IRR) on the assets was 10.52% over a three-year period.
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PropertyEU Archive
Real I.S. buys logistics property in Bielefeld
German investor Real I.S. has acquired a long-lease logistics property in Bielefeld, Germany, for an undisclosed amount. The asset, which provides a total lettable area of 25,200 m[sup]2[/sup] and around 220 parking spaces, was bought for institutional investment vehicle BGV Bayerische Grundvermögen III SICAV FIS.
