Latest reports – Page 3371
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PropertyEU Archive
Hotel investments to fall to 10-year low in 2009 - JLL
Investment in hotels across Europe, the Middle East and Africa (EMEA) will fall to around EUR 5 bn in 2009 from EUR 7.8 bn in 2008, thereby approaching a 10-year low, according to research from Jones Lang LaSalle.
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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
C&W predicts 5-7% drop in prime rents for 2009
Property adviser Cushman & Wakefield anticipates prime rents will fall by between 5% and 7% across all sectors in Europe this year and by a further 2-4% in 2010 as occupiers remain cautious amid the economic downturn. European prime rental growth turned negative in the final quarter of 2008 for ...
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PropertyEU Archive
Cabot industrial fund comes to Europe
Boston-based Cabot Properties is coming to Europe for the first time to acquire assets for its fund, Cabot Industrial Value 3. IPE Real Estate reported that Cabot buys distribution warehouses in the US but its management sees favourable conditions for the asset class in Europe, offering opportunities to diversify geographically.
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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.
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PropertyEU Archive
FDR finalises EUR 380m of sales in Q4
French property investor and developer Fonciere des Regions (FDR) said it booked a 'very active' final quarter in 2008, concluding EUR 380 mln worth of asset sales and negotiating over EUR 160 mln of new sales commitments. This offset the cancellation of a portfolio transaction in the second half of ...
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News
Real estate recovery predicted for 2011
GLOBAL – Institutional investors believe the ongoing financial crisis will be a major obstacle for investors looking to allocate to non-listed real estate funds this year and do not expect property markets to start recovering until 2011, according to the INREV Investment Intentions Survey 2009.
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News
BNP Paribas confirms real estate rebranding
FRANCE – BNP Paribas is uniting all of its real estate subsidiary businesses under the BNP Paribas Real Estate brand as part of a change in strategy, it was confirmed at the Atisreal Année Immobiliere meeting on Tuesday.
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News
Investors sets their sights on the UK
UK – The United Kingdom is the most attractive country for institutional investors and pension funds looking to invest in real estate in 2009, according to property analysts at the Atisreal Année Immobiliere conference in Paris this week.
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News
Oregon PERF swaps one deal for four
UNITED STATES - Oregon Public Employees Retirement Fund has terminated a real estate investment trust (REIT) relationship with Cliffwood Properties LLC and signed deals with three other managers to diversify its risk.
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News
Six years of UK growth wiped out - IPD
UK - The entire capital growth made over the last six years in the UK commercial real estate market has been eroded in only 18 months, according to the IPD UK Quarterly Property Index Q4 2008 published this week.
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News
Cabot Properties expands into Europe
EUROPE/UNITED STATES - Cabot Properties is planning to expand its industrial acquisition efforts into Europe for the first time.
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News
Danish Engineers sell €65m portfolio to Aberdeen
DENMARK – DIP, the DKK24bn (€3.22bn) pension fund for Danish engineers, has sold a €65m commercial property portfolio to Aberdeen Property Investors and taken a stake in its Danish fund as part of a shift in its investment strategy.
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PropertyEU Archive
Aberdeen acquires EUR 65m Danish property portfolio
Aberdeen Property Investors Denmark, through its Aberdeen Property Fund Denmark, has acquired the commercial property portfolio of the Danish Pension Fund for Engineers DIP. The acquisition is valued at EUR 65 mln, reflecting a net initial yield of 6%.
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PropertyEU Archive
Irish commercial property capital values continue to plunge, says IPD
Irish commercial property capital values continued to nosedive in the final quarter of 2008, eclipsing the previous quarter's record fall by tumbling -17.7%, according to the SCS/IPD Irish Quarterly Property Index, which is based on a portfolio of EUR 3.7 bn.
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PropertyEU Archive
Orco posts higher revenues, reiterates guidance for 09
Orco Property Group, the central European property developer and investor, has reported annual turnover of EUR 299 mln in 2008. The figure was 10% up on 2007. Orco had originally estimated revenues of EUR 343 mln for the year but revised this forecast to EUR 300 mln in November due ...
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PropertyEU Archive
Prologis names Sullivan as new operations head
Prologis has named Charles Sullivan as the new head of global operations in the latest management reshuffle at the global provider of distribution facilities.
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PropertyEU Archive
Banks not rigid on loan-to-value breaches - INREV
Banks may be willing to take a more understanding attitude to breaches of loan-to-value covenants by non-listed property funds, particularly in instances where the fund manager has a good track record and has maintained a pro-active relationship with the financier, according to the European Association of Non-Listed Real Estate Vehicles ...
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PropertyEU Archive
Henderson appoints analyst to property research team
Henderson Global Investors has appointed Mike Keogh as senior economic and investment analyst within its property research team. Based in London, Keogh will report to Alice Breheny, head of research and property.
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PropertyEU Archive
Great Portland takes on New Look
UK listed property group Great Portland Estates has agreed to let 5,600 m[sup]2[/sup] of offices at its development at Wells & More, 45 Mortimer Street in London to fashion retailer New Look.
