Latest reports – Page 3397
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PropertyEU Archive
UK All Property yield hits 8.2% - CBRE
Commercial property investment in the UK has opened up an historic 440 basis-point yield spread over government bonds, according to the CB Richard Ellis Monthly Index for November.
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PropertyEU Archive
Mapic sees attendance numbers drop 10%
The Mapic retail fair in Cannes last November attracted a total of 9,550 participants, marking a decline of 10% on last year's figure, fair organiser Reed Midim announced on Wednesday. The UK accounted for the bulk of the decrease, a spokeswoman said. 'We saw a fall in the number of ...
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PropertyEU Archive
Atrium completes shopping centre in Slovakia
CEE developer and investor Atrium European Real Estate said that it has completed the development of the Optima shopping centre in Kosice, Slovakia. This follows the opening of Phase II of the scheme in November 2008 and brings online a further 16,000 m[sup]2[/sup] of gross lettable area (GLA).
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PropertyEU Archive
JLL forecasts 55% fall in UK investment volumes this year
Global property services firm Jones Lang LaSalle (JLL) said on Tuesday that it expects direct investment in commercial real estate in the UK to total around £21 bn (EUR 24 bn) by the end of 2008. This represents a 55% drop on 2007 investment volumes, JLL said.
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PropertyEU Archive
ICSC unveils winners of international awards
The International Council of Shopping Centers has honoured retail projects in 12 countries at the annual International Design and Development Awards in Arizona, US.
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PropertyEU Archive
DHVG leases 22,000 m[sup]2[/sup] to Kuehne + Nagel
Logistics group Kuehne + Nagel Logistics has agreed to take a five-year lease for 22,000 m[sup]2[/sup] of logistics space in the Distripark Sittard park which is being developed in Born, Limburg, by Dutch builder DHVG. DTZ Zadelhoff's logistics team advised DHVG. The company has agreed to pay a rent of ...
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PropertyEU Archive
Patrizia purchases 1,000 apartments in Sweden
Frankfurt-listed Patrizia has purchased 1,018 residential units in Greater Stockholm in its first acquisition in Sweden for its special real estate fund 'PATRIZIA Euro City Residential Fund I'. The properties have a total floor space of 94,000 m[sup]2[/sup].
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PropertyEU Archive
ZBS gears up EUR 200m mall programme
ZBS, the Sofia-based developer and asset manager, plans to invest up to EUR 200 mln ub developing shopping centres in Bulgaria. The firm is working on its first open-air shopping centre in the city of Bourgas for an investment of EUR 30 mln and is planning developments in Pazardijk and ...
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News
Pension funds can still find good deals - Aberdeen
UK/GLOBAL – Pension funds can still find good short-term property investment opportunities over the coming months but the overriding priority will be to rebalance their portfolios, according to Alessandro Bronda, head of property investment strategy for Aberdeen Property Investors.
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News
Surveyors predict further 25% UK drop
UK – Commercial property capital values are predicted to fall a further 25% over the next two years, according to the latest forecast issued by the Royal Institution of Chartered Surveyors (RICS).
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PropertyEU Archive
CBRE picked as primary advisor to US deposit fund's portfolio
CB Richard Ellis has been selected as the primary advisor to the US Federal Deposit Insurance Corporation (FDIC) for portfolios of real estate taken over from financial institutions felled by the credit crisis.
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PropertyEU Archive
Axa spends EUR 40 mln in Sweden
Swedish private equity firm Sveafastigheter has sold part of the newly developed retail park Hansa City in the Swedish city of Kalmar to German property fund managed by AXA Investment Managers Deutschland for EUR 40 mln.
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PropertyEU Archive
Trigranit slashes EUR 8bn pipeline in half
Trigranit has cut its EUR 8 bn development pipeline in Central and Eastern Europe by half due to the worsening financial crisis, the company's spokesperson, Tábori György, confirmed on Monday. Aside from scrapping EUR 4 bn worth of projects, investments in the remaining schemes may be postponed by up ...
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PropertyEU Archive
Office prices fall 20% across Europe - Savills
Prime office space across Europe has become on average 20% cheaper, research up to the end of the third quarter of 2008 by international broker Savills has indicated. Average yields for central business districts (CBDs) across the Continent stand at 6%.
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PropertyEU Archive
Grainger sells Victorian school site in London for EUR 22m
Grainger, the largest listed residential landlord in the UK, is selling a Victorian school site in north London to Hertfordshire-based developer Mount Anvil for EUR 22 mln. International broker Savills, which advised Grainger, said the contracts have been completed for the site known as the Barnsbury Complex in London.
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PropertyEU Archive
Immofinanz sells assets for EUR 130 mln
Struggling real estate group Immofinanz has sold assets in its native Austria for EUR 130 mln to shore up its badly squeezed financial situation. The firm has to sell properties to meet the need to raise more than EUR 100 mln by the end of the year.
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PropertyEU Archive
ECE signs first management mandate in Switzerland
Swiss investor Tivona Group Real Estate has awarded the management contract for its Stücki Shopping Center in Basel to Hamburg-based ECE. This is the first management and leasing contract for the German shopping centre group in Switzerland.
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PropertyEU Archive
Transaction volumes plummet in Finland - KTI
Transaction volumes in the Finnish real estate sector so far in 2008 are significantly down on the bumper period between 2006-2007, according to Finnish property research organisation KTI.
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PropertyEU Archive
RICS forecasts total fall in UK capital values of 50%
UK commercial real estate capital values could decline by 50% over the life cycle of the current downturn, the Royal Institute of Chartered Surveyors (RICS) has warned. RICS bases the forecast on its assessment that capital values could decline by 16% in 2009 with a further drop of up to ...
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PropertyEU Archive
Retail pipeline freezes in the UK - CBRE
Construction of both shopping centre and retail warehouse park floorspace in the UK has declined by 40% from the peaks recorded in 2007 and 2004 respectively. The total amount of shopping centre floorspace under construction in November comes to 735,000 m2, down 40% on the 1.2 million m[sup]2[/sup] peak recorded ...
