Latest reports – Page 3414
-
PropertyEU Archive
Hypo RE posts EUR 3bn pre-tax loss in Q3
German commercial bank Hypo Real Estate has reported a third-quarter pre-tax loss of about EUR 3.1 bn as a result of the 'worsening global financial crisis.' The bank, which recently received a EUR 50 bn lifeline from the German government and the private sector, said that the negative result is ...
-
PropertyEU Archive
EPF calls for EU energy certificate for all buildings
The European Property Federation (EPF) is lobbying the European Commission to introduce a unified energy certification system for the European Union. Michael MacBrien, director of Brussels-based lobby group EPF, believes a single EU-wide system is essential, given the cross-border nature of the property industry. 'Right now everybody has a difference ...
-
PropertyEU Archive
MIT joins the European Property Federation
The Federation of Hungarian Real Estate Associations (MIT) has become a member of the European Property Federation (EPF). The governing bodies of both organisations approved the move recently.
-
PropertyEU Archive
Bank Sabadell to offload real estate portfolio
Spanish bank El Sabadell has reportedly hired a property consultant to organise the sale of half of its 1,250 office-property portfolio across Spain. According to Spanish paper El Pais, the bank is looking to realise capital gains of EUR 600 mln from the disposal. Banco Sabadell hopes to broker a ...
-
PropertyEU Archive
Germany suspends privatisation of real estate firm
The German federal government has frozen its plans to privatise TLG Immobilien, the largest owner of commercial and residential real estate in the east of the country.
-
PropertyEU Archive
Rezidor to open Park Inn in Tolstoy's hometown
Rezidor Hotel Group has announced that its 190-room Park Inn in the Russian city of Tula will open in the first quarter of 2011. The addition of the Park Inn Tula will bring Rezidor's holdings in Russia and the CIS countries to 38 hotels and more than 9,500 rooms in ...
-
PropertyEU Archive
LaSalle IM bolsters Global Client Services team
LaSalle Investment Management (LaSalle) announced on Monday that Libby Montgomery has rejoined the firm's Global Client Services team. She will focus on raising capital from investors in Italy and Spain, two markets of increasing importance to LaSalle's global business.
-
PropertyEU Archive
UK sees record level new shopping centre space
New shopping centres equivalent in size to more than six Bluewater super malls will have opened in the UK by the end of 2008, Cushman & Wakefield (C&W) has said in its latest UK Shopping Centre Development report.
-
PropertyEU Archive
Rents to fall in Western European markets - King Sturge
Retail prime rents will fall in many Western European markets while they are expected to continue rising in most emerging economies, according to the European Retail Property Market 2009 research report released this week by property advisor King Sturge.
-
PropertyEU Archive
OJSC RTM reports EUR 50m pre-tax profit
Moscow-based retail developer OJSC RTM has reported pre-tax profit of $49.9 mln (EUR 40 mln) for the first six months of 2008. Net income came to $34.7 mln.
-
PropertyEU Archive
Colliers to market BVIC's new Athens Votanikos mall
Athens-based listed developer Babis Vovos International Construction (BVIC) has announced a new partnership and advisory agreement with property advisor Colliers International regarding its new shopping center in the Votanikos area of Athens. Under the deal, Colliers International will be advising BVIC on tenant mix, rent levels, leasing and other related ...
-
PropertyEU Archive
Ikea to invest EUR 200m in Vila Nova de Gaia retail park
Ikea Group is to invest EUR 200 mln in the development of a new store and retail park in Vila Nova de Gaia in Northern Portugal. The company said that the scheme is due to open in the second half of 2012. António Machado, group director for Portugal, said the ...
-
PropertyEU Archive
Aedes looks for plan B as finance source walks away
Italian property company Aedes said on Tuesday that it is considering other options to shore up its shaky finances after investment company Sopaf pulled out of talks on a deal under which it would have taken a stake in the debt-laden property firm.
-
PropertyEU Archive
Kiev market to see falling rental rates in 2009 - CBRE
The Kiev office property market will experience a downturn of business activity in 2009 which might lead to a decline in rental rates, CB Richard Ellis has said in its latest Kiev Office Property Forecast. World financial crisis has affected Western European property markets and its echoes are becoming ...
-
PropertyEU Archive
Starwood completes sale of Italian portfolio for EUR 150m
Starwood Hotels & Resorts Worldwide has completed the sale of an Italian real estate portfolio, including three well-known hotels, to Italian asset manager Est Capital. The acquisition price comes to EUR 150 mln.
-
PropertyEU Archive
Emerging Europe succumb to global turmoil - RICS
The real estate markets of Emerging Europe have experienced the largest slump in capital values of all the regions in the world. Some 46% more chartered surveyors reported a fall in capital values rather than a rise in the third quarter of 2008, compared to 1% reporting a rise in ...
-
PropertyEU Archive
CEO of HSH Nordbank steps down
HSH Nordbank, a major real estate financier in Germany, has announced that Hans Berger is stepping down as CEO. The move is an acknowledgement that the management board failed to anticipate the severe effect the credit crunch would have on the company.
-
PropertyEU Archive
TMW buys Sumatra tower in Hamburg for EUR 140m
Germany's TMW Pramerica Property Investment has made its first investment in Hamburg for its TMW Immobilien Weltfonds. The fund manager acquired the Sumatra office scheme in the new HafenCity waterfront development for around EUR 140 mln.
-
PropertyEU Archive
Sanahujas in talks with banks for debt-for-share swap
The Sanahuja family, owner of over 80% of Spain's debt-laden property firm Metrovacesa, is seeking to exchange its mountain of debt with its banks for company shares.
-
PropertyEU Archive
Outlet centres significantly outperform traditional retail
Outlet centres are proving to be a booming segment for developers and retailers across Europe, according to new research presented at the third annual International Council of Shopping Centers (ICSC) Outlet Conference in London.
