Latest reports – Page 3401
-
PropertyEU Archive
Sistema-Hals gets EUR 200m credit line, restructures debt
Russian real estate company Sistema-Hals has announced that it has secured a credit facility for RUB 7 bn (EUR 197 mln) from state-controlled lender VTB and changed the terms for existing agreements with the bank. Sistema-Hals denied in mid-October that it faced any difficulty in financing its short-term debt, and ...
-
PropertyEU Archive
Freo's opportunity fund raises EUR 161m in final closing
Luxemburg private equity real estate asset manager Freo Investment Management Sarl has announced the final close of its Freo Germany Partners II fund which raised EUR 161 mln of capital from seven institutional investor groups in Europe, Asia and the USA. Jones Lang LaSalle's Corporate Finance team advised Freo on ...
-
PropertyEU Archive
Maxim Gasiev becomes COO at Colliers International
Maxim Gasiev has been appointed chief operating officer (COO) at Colliers International. He is responsible for managing operating activities of the company, attracting new business, providing services to key clients and overseeing major projects.
-
PropertyEU Archive
Goodman European Logistics Fund in Venlo leasing deal
Goodman European Logistics Fund (GELF) has signed a 10-year leasing contract for 25,.600 m[sup]2[/sup] of logistics space in the Dutch border town of Venlo. The tenant is a leading clothing producer in Venlo which was seeking to expand its Benelux operations.
-
PropertyEU Archive
Foruminvest launches concept & design team
Netherlands-based developer Foruminvest has launched a conceptual design team called Forum Concept & Design. The team is led by Brian King and Remco Osorió Lobato who previously worked for the conceptual design bureau CConcept in The Hague. Both King en Lobato have many years of experience in the conceptual design ...
-
PropertyEU Archive
ING REIM buys shopping centre project in Enschede
DnA, a partnership between housing corporation Domijn and developer AM Vastgoedontwikkeling, has reached agreement with ING REIM on the sale of the Sterrenhof shopping centre project in the Twekkelerveld district of Enschede, the Netherlands. Under the deal, the joint venture will develop a total of 7,000 m[sup]2[/sup] of retail space, ...
-
PropertyEU Archive
TCN sells office scheme in Utrecht
Dutch property group TCN has sold the Oudlaen office complex in the Dutch city of Utrecht to a consortium of investors including Parkstaete Groep, Woudstaete Groep, Evergoed, Emroy Holding and Ervaron Holding. The financial details of this transaction were not disclosed.
-
PropertyEU Archive
Deadline missed for payment in Colindale deal - Dev Secs
Development Securities, the UK development and investment company, has confirmed that the investor who agreed to buy the Oriental City asset in London has not met the deadline to settle the outstanding loan notes despite three extensions of the payment schedule.
-
PropertyEU Archive
LSR suspends commercial property pipeline in Russia
Moscow-listed LSR Group has postponed the launch of all new commercial property projects due to the world financial crisis, following the example of several other major Russian real estate developers.
-
PropertyEU Archive
Impact of Woolworths, MFI problems limited - IPD
Investment Property Databank (IPD) has calculated that the difficulties at UK retail chains Woolworths and MFI have had limited effect on the IPD's quarterly benchmarked property funds.
-
PropertyEU Archive
RICS gives guidance on valuations in 'uncertain times'
The Royal Institute of Chartered Surveyors (RICS) has issued new guidance to valuers conducting valuations in the current highly volatile market environment. Noting that demand for commercial property is falling at the fastest pace in a decade, the organisation cautioned valuers about adding caveats to their reports.
-
News
Pension funds scramble to fly UK airport bids
CANADA/UK - Ontario Teachers’ Pension Fund is working with 3i’s infrastructure fund on a potential bid to buy Gatwick Airport in a deal which could be worth more than £1.5bn (€1.8bn), but other pension funds are thought to be considering deals too.
-
News
Experts name valuations as the next big headache
UK/GLOBAL – The inconsistent valuation process is one of the main challenges facing the real estate industry at the moment, according to experts at the IPD/IPF Property investment Conference 2008 held in Brighton last week.
-
News
Domestic markets to see renewed focus
UK – The number of foreign investors investing in UK property is likely to drop in the short-term as the economic turmoil has made investors more cautious and selective, according to experts at the latest IPD/IPF Property Conference.
-
News
Less call for leverage predicted
GLOBAL - Leverage is likely to become less important to property investors given the financial turmoil, according to Ian Gleeson, chief investment officer of global multi-manager investment at CB Richard Ellis Investors.
-
News
Invista reveals pressures as dividends halted
UK/EUROPE - Invista European Real Estate Trust SICAF is suspending dividend payments in a bid to conserve cash and to deleverage the company.
-
News
CBRE trains its eye on Middle East
ASIA - CB Richard Ellis (CBRE) has revealed it is opening an office in Bahrain as part of the development of the company’s Middle Eastern business.
-
PropertyEU Archive
Multi's Forum Koszalin attracts 80,000 shoppers
Forum Koszalin, the largest shopping mall in the Western Pomeranian region of Poland, attracted 80,000 shoppers on the opening day last week, developer Multi Corporation announced in a press statement. The mall, with an investment value of EUR 138 mln, was opened on 27 November and comprises over 55,000 m[sup]2[/sup] ...
-
PropertyEU Archive
Warimpex boosts revenues by 23% in the first three quarters of 2008
Vienna-based developer Warimpex Finanz- und Beteiligungs AG saw total revenues, EBITDA and EBIT all rise significantly in spite of the adverse conditions on the international real estate markets and the repercussions of the financial crisis. Nevertheless, net profit tumbled to EUR 2 mln from EUR 11.5 mln a year ago ...
-
PropertyEU Archive
Helical enthusiastic about opportunities during crisis
Helical Bar, the UK listed developer and investor, is markedly upbeat in its report for the six months to end-September, in stark contrast to peers such as Quintain.
