Latest reports – Page 3415
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PropertyEU Archive
C&W lays off 30 staff in Russia
Cushman & Wakefield Stiles & Riabokobylko (C&W/S&R) confirmed on Monday that it is making selected staff reductions at its Moscow office. About 30 positions will be affected out of a total head count of 270 staff.
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PropertyEU Archive
Axa, EDF-Energies Nouvelles to develop solar power plant
AXA Real Estate Investment Managers (AXA REIM) is teaming up with EDF Energies Nouvelles to develop a solar power plant with photovoltaic panels. The plant will be integrated in the roof of a 88,000 m[sup]2[/sup] logistics complex which will be built by PRD on behalf of AXA REIM in Fos ...
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PropertyEU Archive
Hammerson to hold off on new schemes until 2010
Hammerson has said it will not launch any new major development projects in the UK or France before the end of 2009. The UK real estate investment trust said potential tenants in the retail sector are taking a more cautious stance on leasing space and demand for office space has ...
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PropertyEU Archive
Brussels office market suffers 51% drop - Savills
The property investment market in Brussels have moved dramatically since the second quarter due to a severe correction and major stock market volatility.
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PropertyEU Archive
CBRE completes EUR 56m in deals to restructure portfolio
CB Richard Ellis Investors said on Monday that it has completed several transactions totalling £46 mln (EUR 56 mln) during September and October as part of its ongoing restructuring of its property portfolio.
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PropertyEU Archive
Italian commercial property total returns at 2.6%
The latest data on Italian commercial property shows the sector delivered total returns of 2.6% in the six months to the end of June this year. The IPD Italian Biannual Property Index indicated that capital growth remained flat over the period. Income returns accounted for all the growth.
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PropertyEU Archive
Parquesol in talks with banks to reschedule debt
Madrid-based real estate firm Parquesol has begun debt restructuring talks with its banks. In a statement to the Spanish stock market regulator CNMV on Monday, Parquesol said the negotiations are aimed at adapting 'the company's financial structure of credit to the group's new business plan' which was recently adjusted to ...
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PropertyEU Archive
SNS PF makes four management appointments
SNS Property Finance, the second largest property financier in the Netherlands, has unveiled four management appointments that come into effect next month.
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PropertyEU Archive
Red opens international office in London
Romanian real estate developer Red Projects has opened an office in London to source international development opportunities, investment finance, and retail and commercial tenants.
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PropertyEU Archive
CBRE seeks to raise up to EUR 280m from share offer
Global property advisor CB Richard Ellis announced on Tuesday that it plans to offer 50 million shares in a public offering. The underwriters of the proposed offering an option to purchase an additional 7.5 million shares to cover over-allotments. Although CBRE declined to price the offering, it could raise up ...
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PropertyEU Archive
Allianz seeks to grow global real estate portfolio by EUR 15bn
Allianz Real Estate, the property arm of German insurer Allianz, intends to grow its property portfolio by up to EUR 15bn within the next five years, as part of the company's strategy of building a global asset management and insurance platform, said Olivier Piani, Allianz Real Estate's new global head.
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PropertyEU Archive
Coperfil RE develops large logistics park in Malaga
Spanish property developer and investor Coperfil Real Estate has announced plans to develop a large logistics park near Malaga in Southern Spain.
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PropertyEU Archive
Qatari Diar eyes buyout of Chelsea Barracks
The property investment arm of Qatar's sovereign wealth fund is reportedly in talks to take over CPC Group's equity stake in the Chelsea Barracks development in London. According to several media reports, Qatari Diar Real Estate Investment has acquired an option to purchase CPC's equity stake in the joint venture ...
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News
More flexibility or Spanish REITs will flounder – Testa
SPAIN – The Spanish government’s drafted legislation for real estate investment trusts (REITs) must be made more flexible in order to encourage the sector to develop, delegates heard at the latest Urban Land Institute (ULI) conference.
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News
Sustainable leases get the green light
UK – The first clear framework to help landlords and occupiers increase the environmental performance of existing buildings has been published, claims the UK’s Better Building Partnership (BBP).
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News
Crisis of confidence for UK property
UK – Confidence has collapsed across the UK real estate sector according to Smith & Williamson’s latest annual survey.
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News
Opportunistic funds continue to attract capital – Clerestory
GLOBAL – Capital continues to be raised globally for opportunistic real estate funds, albeit at a slower pace, despite the credit crunch and falling economic growth, according to research from Clerestory Capital Partners.
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News
Axa REIM shifts into distressed debt
EUROPE – Axa REIM, the real estate arm of Axa Investment Managers Group, is holding back from investing in European markets because it predicts property prices will drop even further and will concentrate on buying distressed debt.
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PropertyEU Archive
JLL closes two leasing deals in Russia
Jones Lang LaSalle's tenant representation team has announced two recent leasing deals in the Russian capital. In the first, the broker's team completed a leasehold transaction for the Russian unit of pharmaceutical company Sandoz at the 288,000-m[sup]2[/sup] class-A Capital City business centre in Moscow.
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PropertyEU Archive
Spain must increase threshold for REIT shareholders
The Spanish government's attempt to revive its deflating property market by introducing tax-transparent real estate investment trusts (REITs) will not work unless room is made for the major property companies, Testa CEO Daniel Loureda Lopez has said.
