Latest reports – Page 3384
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PropertyEU Archive
ING sees office yields recovering in 2012
Yields in prime office markets will be hit hardest in the coming years, followed by prime industrial properties, high-street retail locations and shopping centres, according to Will Rowson, chief investment officer of ING Real Estate Investment Management. Speaking at the annual PropertyNL Forum in Amsterdam on Tuesday, Rowson said he ...
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PropertyEU Archive
Berlin office market to decline slightly in 2009 - NAI Apollo
The office rental market in Berlin will likely experience a decline of about 20% in 2009, independent real estate consultancy group NAI Apollo has predicted. In its latest research report, NAI Apollo said the financial crisis had little decernible impact on the Berlin office market in 2008. The anticipated final ...
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PropertyEU Archive
Investment volumes fall by 60% in the Czech Republic, says DTZ
Commercial property investment activity in the Czech Republic dropped by 60% last year to EUR 1.062 bn, significantly down from the record 2007 figure of EUR 2.65 bn, according to a new research report published by DTZ. The office sector represented the largest share of total investment volumes (62%), followed ...
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PropertyEU Archive
Hypo RE gets extension on EUR 30b guarantees, seeks extra aid
Germany's Hypo Real Estate said on Tuesday it has received an extension from SoFFin, the German financial market rescue fund, on EUR 30 bn of government aid. The bank, which received a EUR 50bn lifeline fro the German government in October, also said that negotiations with SoFFin regarding more extensive ...
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PropertyEU Archive
Prologis leases 237,000 sq ft in Poland
Prologis, the listed global developer of distribution facilities, has signed new lease agreements for approximately 22,000 m[sup]2[/sup] of warehouse space at two Prologis parks located near Wroclaw, Poland. Sonoco Poland-Packaging Services, a supplier of industrial and consumer packaging products and services, has leased 11,000 m[sup]2[/sup] of space at Prologis Park ...
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PropertyEU Archive
IVG fund buys high-street asset in Hamburg for EUR 94m
AEW Europe said on Tuesday that its European Property Investors fund has sold Karstadt's flagship store in Hamburg to a fund managed by IVG Institutional Funds in Germany for just over EUR 94 mln. The Alsterhaus property is a long-leased, landmark asset which consists of approximately 31,000 m[sup]2[/sup] of space ...
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PropertyEU Archive
Gazeley sells logistics portfolio for EUR 58m
Gazeley has sold four of its six properties in France to investors AXA and Fortis for a total of EUR 58 mln. French investment manager AXA, on behalf of a German fund, has purchased three logistics properties in Valence d'Agen, Montauban and Beaulieu-sur-Layon for some EUR 37 mln, The properties ...
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PropertyEU Archive
BNP Paribas spends EUR 229m in France
French fund manager BNP Paribas REIM has made two acquisitions in France for a total of EUR 229 mln. The transactions were completed on behalf of BNP Paribas' new OPCI funds, TPF1 (Technical Property Fund 1) and TPF2 (Technical Property Fund 2). These unlisted investment vehicles are intended for institutional ...
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PropertyEU Archive
Redevco scales down investment activity
European retail property specialist Redevco plans to scale down its investment activity on balance in the coming year, CEO Jaap Blokhuis told the annual PropertyNL forum in Amsterdam on Tuesday. 'We are seeking to sell a few hundred million worth of assets and to buy a similar amount of new ...
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PropertyEU Archive
DTZ names new capital markets head
Global property adviser DTZ said on Tuesday it has appointed Serkan Bektas as the new global head of its capital markets business. Serkan, who will join the company by the second quarter of 2009, was managing director of UK Solutions and Structured Product Sales at UK bank Barclays Capital. Previously ...
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PropertyEU Archive
ING RE acquires largest mall in Northern Bohemia for EUR 125m
ING Real Estate has acquired the Nisa Liberec Shopping Centre, valued at EUR 125 mln, in the Czech Republic. Following an extensive refurbishing and expansion, the property has been added to the ING Property Fund Central Europe.
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PropertyEU Archive
European retail market may pick up in H2 - JLL
Retail property investors may resume activity in Europe during the second half of 2009 when several markets are expected to be nearer fair value, Jones Lang LaSalle has said in a new research report.
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PropertyEU Archive
Bouygues starts development of CGGVeritas' new HQ
French development company Bouygues Immobilier said it has started construction of the new head office of geophysical services provider CGGVeritas in Massy, in the southern outskirts of Paris. This building, with 17,850 m[sup]2[/sup] of gross lettable area over six storeys, is located at the centre of the new Carnot district ...
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PropertyEU Archive
Carpathian's sale of Czech shopping centre generates 63.75% IRR
Carpathian has announced that it realised an overall pre-tax profit of £11.2 mln (EUR 12.5 mln) on the sale of the Varyada Shopping Centre in the northwest of Prague at the end of 2008. The shopping centre was bought by Invesco Beteiligungsverwaltungs for £46.7 mln (EUR 52 mln).
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PropertyEU Archive
CNL and Macquarie launch global REIT
US-based private investor and developer CNL Financial Group and Australia's Macquarie Group have announced an intention to launch the CNL Macquarie Global Growth Trust, a new global real estate investment trust (REIT) which will be available to investors in the second half of 2009.
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PropertyEU Archive
Yields in Europe rise100 bps in 18 months
Yields in the European office, retail and industrial sectors have all risen 100 basis points or more since mid-2007, according to research by CB Richard Ellis. The broker said the scale of the re-pricing in Europe, Middle East and Africa (EMEA) markets could help to close the gap between buyer ...
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PropertyEU Archive
AEW Europe's value-added fund makes third investment
AEW Europe has announced that it has contracted to purchase a distribution facility in the UK for EUR 68 mln on behalf of its value-added fund, European Property Investors Special Opportunities (EPISO). The 62,500-m[sup]2[/sup] distribution facility, known as the Bridge, is located in Dartford, Kent. The property was developed by ...
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PropertyEU Archive
Babcock share suspension continues as rescue talks drag on
Sydney-listed infrastructure and property asset manager Babcock & Brown has extended the suspension in trading of its shares as it struggles to reach an agreement with its lenders to stave off bankruptcy.
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PropertyEU Archive
FTSE EPRA/NAREIT adds 12 Emerging Markets indices
The FTSE EPRA/NAREIT Global Real Estate Index series has extended its coverage with the addition of 12 new Emerging Markets indices, allowing investors to track the relative performance of listed property in emerging countries during a critical period for global markets.
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PropertyEU Archive
PIK names Anna Kolonchina as new CFO
PIK Group has appointed Anna Kolonchina as chief financial officer of the leading Russian residential developer. Kolonchina replaces Evgeny Luneev whose resignation was announced on Monday. The appointment will take effect from 26 January 2009.
