Latest reports – Page 3410
-
PropertyEU Archive
Retail accounts for quarter of European deals in first nine months
Retail transactions totalling EUR 6.2 bn were completed in Europe during the third quarter of 2008. Germany, the UK and the Nordics were the most active markets, together accounting for almost 70% of completed deals by value, according to John Welham, head of European Retail Investment at CB Richard Ellis.
-
Magazine
Crisis of confidence
The Pension Fund Real Estate Association’s 18th Annual Plan Sponsor Conference, held in Chicago, could not have taken place at a more uncertain time. Richard Lowe reports from what felt like the eye of the storm
-
Magazine
In perspective
Understanding the unpredictability of the future is as important as learning from the past when facing global market upheaval. This was one of the messages at this year’s annual EPRA conference.
-
PropertyEU Archive
Italian out-of-town retail remains healthy - Savills
Retailer demand continues to be strong in Italy, particularly from international chains such as Fnac, Footlocker and Zara, despite lower consumer confidence triggered by the global economic downturn, according to a research report issued by Savills on Tuesday.
-
PropertyEU Archive
Carlyle RE buys Terrazze di Vado mall in Liguria
Global private equity firm The Carlyle Group has signed a preliminary agreement to acquire the company that owns the retail development 'Le Terrazze di Vado'in Italy. The scheme is under construction in the municipality of Vado Ligure, in the province of Savona.
-
PropertyEU Archive
Tremon files for administration
Spanish real estate firm Tremon has filed for administration after failing to meet debt repayments. The privately held firm has accumulated close to EUR 1 bn in syndicated debt.
-
PropertyEU Archive
First energy cert awarded for European residential scheme
Portuguese property developer Grupo Andre Jordan said on Tuesday that it has received the first energy efficiency certificate in Europe for a residential project.
-
PropertyEU Archive
New CEO seeks to get Immofinanz back on track
Immofinanz's new CEO Thomas Kleibl has introduced a package of measures to restore confidence in the crisis-hit listed Austrian real estate company. Kleibl took up the reigns at Immofinanz following the resignation of his predecessor Karl Petrikovics, who was forced out at the end of October. Petrikovics resigned following a ...
-
PropertyEU Archive
Rockspring sells in Montpellier
HypoVereinsbank's investment subsidiary Internationales Immobilien-Institut has acquired the City Plaza officer building in Montpellier, France from UK investor Rockspring. The property, which consists of 4,000 m[sup]2[/sup] of new office space, was sold for close to EUR 10 mln. The asset was developed by Groupe Lazard's construction arm.
-
PropertyEU Archive
Orco founder sells most of his stake as shares plummet
Orco Property Group's CEO Jean-Francois Ott has seen his personal stake in the company he founded slashed from 10% to 1.6%. Ott said in a statement on Tuesday that the bank that financed his investment vehicle, Ott & Co., was forced to sell Orco shares after a steep fall in ...
-
PropertyEU Archive
EMEA dominates retail hotspot rankings - CBRE
Thirty-three of the top 50 most expensive retail destinations are in the Europe, Middle East and Africa (EMEA) region, according to new research from CB Richard Ellis. Cities in EMEA also dominate the list of locations with the fastest-growing retail rents, CBRE said in its latest Global Retail Rents Survey.
-
PropertyEU Archive
Eurohypo unveils management changes
German commercial property lender Eurohypo has appointed Stefan Schmittmann, a member of Commerzbank's board of managing directors, as chairman of the bank's supervisory board. Schmittmann succeeds Klaus-Peter Müller, who is stepping down.
-
PropertyEU Archive
Limited debt slows French investment
The combination of the lack of available debt and the dislocation of expectations between buyers and sellers has resulted in first-half real estate investment volumes falling by more than half to EUR 10.2 bn in France.
-
PropertyEU Archive
UPP agrees EUR 178m dorms deal with Exeter University
Specialist student accommodation provider University Partnerships Programme (UPP) has struck a deal worth £150m (EUR 178 mln) with Exeter University in the UK.
-
PropertyEU Archive
Nexity-Entreprises sells project in Aix-en-Provence
French property firm Nexity-Entreprises has sold an office project to SAS Foncière Investissement, an investment subsidiary of bank Credit Mutuel Arkea for an undisclosed amount. The property, located in Aix-en-Provence, France, will consist of 3,190 m[sup]2[/sup] of lettable office space on two storeys as well as a parking lot with ...
-
PropertyEU Archive
Vastned O/I launches share buy-back plan
Rotterdam-based listed VastNed Offices/Industrial said on Tuesday that its management board has decided to use part of its available credit facilities to buy back up to 2 million company shares, about 9.6% of the company's share capital.
-
PropertyEU Archive
Citigroup to cut 52,000 additional jobs
Citigroup has revealed plans to cut 52,000 jobs on top of the 22,000 staff reductions announced in October. The moves will reduce Citigroup's head count from a high of 375,000 in 2007 to 300,000 now as CEO Vikram Pandit struggles to get the US banking group back on track amid ...
-
PropertyEU Archive
JP Morgan brokers £237m deal with CWG for new European HQ
US bank JP Morgan (JPM) is set to relocate its European headquarters to London's Canary Wharf from the City after it struck a £237 mln (EUR 280mln) deal with Songbird Estates, the majority owner of the Canary Wharf Group (CWG). The financial group is buying the 999-year leasehold interest of ...
-
PropertyEU Archive
HSH confirms Nonnenmacher as CEO
German regional lender HSH Nordbank has officially appointed Dirk Jens Nonnenmacher as CEO. He replaces Hans Berger who stepped down last week acknowledging that the management under his leadership had failed to anticipate the severe effect the credit crunch would have on the company.
-
PropertyEU Archive
Multi's Victoria Square in Belfast wins two awards
Multi Development UK has won two awards in one night for its £400 mln (EUR 475 mln) Victoria Square shopping centre scheme in Belfast. Multi was presented with the award for the Best Regeneration Project at the Belfast Awards last Friday.
