Latest reports – Page 3412
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PropertyEU Archive
Germany's office markets show no sign of crisis yet - DTZ
The five key German office markets continued to enjoy calm waters in the third quarter compared with the turbulence in the financial markets in recent weeks, according to global property services firm DTZ.
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PropertyEU Archive
Metrovacesa posts EUR 41m loss for first nine months
Spain's largest real estate company Metrovacesa has swung into the red with a net loss of EUR 41.5 mln in the first nine months of 2008 from a net profit of EUR 1.08 bn a year earlier. Total revenue stood at EUR 1.13 bn for the first nine months, up ...
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PropertyEU Archive
Land Securities in talks to sell New Scotland Yard property
Land Securities has hired King Sturge to market New Scotland Yard, the headquarters of the Metropolitan Police in London. A spokesperson for Land Securities confirmed on Friday that the company is in talks with several interested parties for the 37,000 m[sup]2[/sup] building, which is believed to have a value of ...
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PropertyEU Archive
Banking take-up in the City drops by 69%
Banking take-up of office space in the City of London fell 69% over the past year in the wake of the current crisis in the financial industry, according to the latest European Banking Briefing report released by Cushman & Wakefield (C&W). The City's total office take-up figures are almost 40% ...
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PropertyEU Archive
Against the grain
The financial crisis is having a domino effect among real estate players in Central and Eastern Europe: one sell-off leads to other sell-offs, a postponed development plan to a slew of postponements.
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PropertyEU Archive
DTZ opens new office in Geneva
DTZ has expanded its presence in Switzerland with the addition of a French-speaking business based in Geneva.The new team in Geneva includes Matthew Leguen de Lacroix and Anna Briffod, both formerly directors at CBRE's affiliate in Geneva as well as local partners, Juan Munoz and Pierre Stämpfli. The office will ...
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PropertyEU Archive
ECE opens 100th shopping centre
ECE, the German inner-city mall specialist, is due to open the EUR 100 mln Arkady Pankrac shopping centre in Prague on Friday. The shopping centre was built in a partnership between French-Dutch property giant Unibail-Rodamco and ECE and is ECE´s 100th mall in Europe.
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PropertyEU Archive
Credit Suisse property fund to list after capital raising
Credit Suisse has announced that its PropertyPlus fund has raised CHF 304 mln (EUR 204 mln) in new funds through a rights issue and that all the fund's units will be listed on the SIX Swiss Exchange on 19 November 2008.
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PropertyEU Archive
Bouwfonds acquires French residential project
Bouwfonds European Residential, a German open-ended fund created by Bouwfonds Asset Management of the Netherlands and Catella Germany, has made its first acquisition in France.
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PropertyEU Archive
German property prices rising, but still below 2007 level
Prices of German residential and commercial buildings have risen 5.2% since the start of the year, but still trail last year's level, according to the latest Real Estate Price Indicator produced by property investment group Estavis.
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PropertyEU Archive
TAG Immobilien reports 37% increase in revenue
Hamburg-based TAG Immobilien said its revenues rose 37% to EUR 80 mln in the first nine months of 2008 compared to EUR 50 mln in the same period last year.
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PropertyEU Archive
IVG eyes EUR 350m in property sales, shelves REIT
German real estate giant IVG aims to dispose of EUR 350 mln of property by the end of 2008 to help meet its 2008 target of a EUR 1bn reduction in debt.
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PropertyEU Archive
Colonia sells hotel portfolio for EUR 24m
Cologne-based Colonia Real Estate has sold its hotel portfolio of three German assets to two unnamed foreign investors for EUR 24 mln. Colonia said the price reflected the current fair market value of the properties. The cost basis for the hotels, which were acquired in 2004, was about EUR 22 ...
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PropertyEU Archive
Cannes gears up for retail spree
At least 10,000 delegates are expected in Cannes on the French Riveria next week for the 14th edition of the Mapic international retail real estate market.
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PropertyEU Archive
Poland's Echo reaches Romania
Polish real estate Echo Investments has announced details of its new EUR 150 mln Korona shopping centre project in Transylvania, the developer-investor's first Romanian investment.
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PropertyEU Archive
NCC to establish residential development unit
NCC, the Swedish construction and property development company, has announced it is creating a specialist unit to manage residential development.
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PropertyEU Archive
ZBS to build first open-air mall in Bulgaria
Developer and asset manager ZBS is to begin construction of the first open-air shopping centre in Bulgaria and the Balkan region in March next year.
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PropertyEU Archive
Dutch group SNS Reaal gets EUR 1.25 bn 'buffer'
Banking and financial services group SNS Reaal is to receive EUR 750 mln from the Dutch state, plus a further EUR 500 mln from its controlling foundation. The firm emphasised that its business was sound and that the extra liquidity should be seen as an extra 'buffer' against a potential ...
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News
CalPERS’s housing values plummet
UNITED STATES – The California Public Employees’ Retirement System (CalPERS) announced yesterday a 35% decline in the market value of its residential real estate portfolio.
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News
Prologis loses chief and halts new developments
GLOBAL – ProLogis, the world’s largest logistics developer, has announced the resignation of chief executive officer Jeffrey Schwartz at a time when the company is halting further developments.
