Latest reports – Page 3381
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PropertyEU Archive
BAA's Gatwick airport receives six offers
BAA, the UK airport operator owned by Spanish group Ferrovial, has received at least six non-binding bids for London's Gatwick Airport, the Financial Times reported on Tuesday.
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PropertyEU Archive
Prologis leases 28,000 m[sup]2[/sup] in the UK
Prologis, the global provider of distribution facilities, has leased more than 28,000 m[sup]2[/sup] of new space at two major parks in the UK. The group leased 17,500 m[sup]2[/sup] of space at its Kingston industrial park to Samson Holding, an investment holding company involved in manufacturing and trading of residential furniture. ...
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PropertyEU Archive
Istanbul office rents rose 19% in 2008: Savills
Istanbul's office rental market has seen a 19% growth over the past 12 months, with the average rent in the city reaching $21.90 m2/month, according to a report issued on Tuesday by Savills' Turkish associate Kuzey Bati.
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PropertyEU Archive
UK property funds return -18.7% in Q4 2008
The Investment Property Databank (IPD) said that total returns for its UK Pooled Property Fund Index were -18.7% in the fourth quarter of 2008, taking annual returns for 2008 to -32.0%. This compares to -6.7% over 2007.
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PropertyEU Archive
Warburg Henderson launches EUR 1bn platform
Germany's Warburg Henderson said on Tuesday that it is launching a new platform for institutional investors. The vehicle will seek to raise EUR 1bn in equity a year from a range of source including German and international investors, asset managers and developers.
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PropertyEU Archive
Zublin Immobilien sells two properties in Switzerland
Listed Swiss property firm Zublin Immobilien announced on Tuesday that it has completed the sale of its two investment properties in Wettingen, Switzerland. The combined net proceeds, after taxes and transaction costs, were CHF 33.2 mln (EUR 20.5 mln).
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News
Capital calls face defaults and delays
A number of real estate fund investors are defaulting on capital calls or asking fund managers to delay them as they look to rebalance portfolios and generate liquidity.
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PropertyEU Archive
Redevco acquires prime property in Katowice
Dutch property group Redevco has increased its Polish portfolio with the acquisition of the Pedant building in Katowice, Poland. Redevco purchased the property from Centrum Development & Investment, a Belgian investor and developer, for EUR 4 mln.
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PropertyEU Archive
Colliers CRE posts 33% drop in 2008 revenues, to cut 70 jobs
AIM-listed real estate consultancy group Colliers CRE saw its revenues fall by a third last year on the back of a deteriorating commercial property market, in particular in the UK, Ireland and Spain.
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PropertyEU Archive
Aerium launches EUR 675m Swiss property fund
London-based investment and management group Aerium has announced the launch of two institutional real estate funds focussed exclusively on the acquisition and development of property located in Switzerland. The funds have raised equity from a number of European, US and Middle Eastern pension funds, institutional investors and hedge funds, providing ...
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PropertyEU Archive
DTZ raises £49m from investors
Global property consultant DTZ said it has raised £48.7 mln (EUR 53.7 mln) of new equity through the sale of almost 80 million shares. The company received £35 mln from its largest shareholder, France's SGP Investors, and £13.7 mln from other existing and new investors.
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PropertyEU Archive
IC Immobilien appoints new board member
Germany's IC Immobilien said on Monday that its supervisory board has appointed Oliver Priggemeyer to the management board. From 1 February 2009 he will head the Asset Management and Property Management divisions. Prior to his transfer to IC Group, Priggemeyer served as chief operating officer on the board of ...
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PropertyEU Archive
Credit Suisse extends redemption ban on its Euroreal fund
Credit Suisse Asset Management is extending a ban on withdrawals from its EUR 6.5 bn German open-ended fund CS Euroreal for an additional nine months as it fears a new massive wave of redemptions from investors. CS Euroreal is the first of several open-ended funds which halted redemptions in October ...
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PropertyEU Archive
Hammerson puts London property on the market
UK REIT Hammerson is putting its largest property up for sale in a bid to shore up its financial position. The company has reportedly hired CB Richard Ellis to market the 773,931 sq ft (72,000 m2) Bishops Square office development in the City of London for more than £500 mln ...
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PropertyEU Archive
Caixa Catalunya buys 49% of troubled Spanish developer
Spanish bank Caixa Cataluna has acquired the remaining 49% stake it did not own in troubled real estate developer Alcala 120. The transaction is taking place as a debt-for-equity swap and totals some EUR 410 mln. The stake was sold by Grupo Silver Eagle, according to Spanish news agency EFE.
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PropertyEU Archive
French property investment drops by 54% in 2008
French property investment activity fell 54% to EUR 13 bn in 2008, from EUR 28.5 bn a year before, according to research published by Cushman & Wakefield.
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PropertyEU Archive
DIC sells Frankfurt's Grunhof centre for EUR 47m
DIC Group has sold the Grunhof commercial centre in Frankfurt which comprises 15,000 m[sup]2[/sup] of office and commercial space to Bayerische Versorgungskammer (BVK) for about EUR 47 mln.
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PropertyEU Archive
KPP leases 40% of flagship Galeria Victoria project
Keen Property Partners Retail (KPP Retail) has leased around 40% of its Galeria Victoria mixed-used complex in Walbrzych, Poland, before starting construction of the scheme. The group, which has hired CB Richard Ellis to market the project, said new lease agreements were signed with retailers Choco Cafe, Empik, Everest, Gatta, ...
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News
Texas Teachers gets new head
US – The Teacher Retirement System of Texas (TRS) has appointed Linus Wright as the system’s new chairman, following Jim Lee’s decision to resign from the post to pursue a new business venture.
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News
Ireland priced for opportunity - DTZ
IRELAND – Ireland’s real estate market is expected to be challenging but offers investors attractive opportunities in 2009, according to DTZ's 2008 review of the Irish commercial market and outlook for 2009.
