Latest reports – Page 3420
-
PropertyEU Archive
Beni Stabili replaces Lehman Brothers swaps
Beni Stabili said its Imser Securitization has replaced 'without any additional charges' eight interest rate swaps with Lehman Brothers with new swaps with banks IMI and HSBC as counterparties.
-
PropertyEU Archive
Prologis entends Quiksilver logistics park
Prologis, the international developer and owner of distribution facilities, said it has delivered two new logistics units with a total of 14,000 m[sup]2[/sup] within the Quiksilver de Rives logistics park near the French city of Grenoble.
-
PropertyEU Archive
Property demand set to fall - CBI/GVA Grimley Survey
Fewer firms expanded their property portfolios in the UK over the last six months, and firms are planning to reduce their property holdings in the coming half year, according to the latest CBI/GVA Grimley Corporate Real Estate Survey. The survey, conducted between 27 August and 17 September 2008, reveals a ...
-
PropertyEU Archive
ING RE's 'Crane Track' wins ULI award
ING Real Estate announced on Friday that its Kraanspoor (Crane Track) project in Amsterdam, the Netherlands has won a Urban Land Institute (ULI) Global Award for Excellence during the organisation's autumn meeting in Miami. Earlier in the year the Crane Track project received the 2008 MIPIM Green Building of the ...
-
PropertyEU Archive
German open-ended funds lock the gates
The German open-ended property fund industry is in virtual lockdown following a flurry of redemption halts imposed by fund managers last week to prevent investors withdrawing their money.
-
PropertyEU Archive
German funds re-live redemption nightmare
Germany's open-ended funds are getting an unwelcome blast from the past. As turbulence in global financial markets intensifies, some funds are starting to halt redemptions following panic withdrawals, in a scenario that is eerily reminiscent of the mass withdrawals from the country's open-ended funds at the end of 2005 into ...
-
MagazineTime to apply the brakes?
Fund launches and equity raises continued at a fair pace in the third quarter of 2008, but investors may now be holding back until more certainty returns, as Richard Lowe reports
-
PropertyEU Archive
Risanamento reaches preliminary agreement on EUR 75m financing
Italian property developer Risanamento said it has sealed a preliminary term-sheet agreement with banks regarding a credit line of up to EUR 75 mln. The banks providing the facility are Intesa Sanpaolo, Unicredit Corporate Banking, Banca Popolare di Milano S. coop. and Banca Monte dei Paschi di Siena, it added.
-
PropertyEU Archive
Catella Property Group appoints new CEO in Germany
Claudius Meyer has been appointed the new CEO of Catella Property Group in Germany from 1 November this year. He succeeds Andreas Quint who has decided to retire from the operating business. 'I feel that Catella Germany is on the right track. And I am very much looking forward to ...
-
PropertyEU Archive
IVG Immobilien appoints new board spokesman
Germany's IVG Immobilien said on Thursday it has appointed Gerhard Niesslein as the new spokesman of the board of management. He takse up office on 1 November 2008. Niesslein, aged 55, has 30 years of experience in the real estate business.
-
PropertyEU Archive
SEB halts redemptions from ImmoInvest fund
SEB Asset Management has become the second major fund manager in Germany to halt redemptions from its flagship open-ended real estate fund. The firm said it was necessary to suspend the redemption of units from SEB ImmoInvest for three months 'in the interests of treating all investors equally and of ...
-
PropertyEU Archive
Jelmoli postpones meeting on real estate spin-off
Swiss department store group Jelmoli has postponed the Extraordinary Shareholders Meeting which was to vote next week on a plan to split its business into separate listed real estate and investment units. The firm's board said the postponement was necessary because the finalisation of the refinancing arrangements for Jelmoli's debt ...
-
PropertyEU Archive
Kraanspoor wins ULI global award for excellence
The Kraanspoor office project developed by ING Real Estate Development in Amsterdam has been named as one of the five winners at the 2008 Urban Land Institute Global Awards for Excellence in Miami. Kranspoor is a three-storey office complex built on top of an obsolete industrial concrete crane track on ...
-
PropertyEU Archive
UK commercial property values fall by 7.2% in 8 weeks - C&W
UK commercial property values have fallen by 7.2% in the last eight weeks, according to global real estate adviser Cushman & Wakefield (C&W). Figures in the broker's latest business briefing on the UK market also indicate that average prime UK yields had increased to 6.49% by mid-October, the highest since ...
-
PropertyEU Archive
PropertyEU live from Barceolona
The 12th edition of Barcelona Meeting Point being held on 4-9 November features over 40 symposium sessions with 130 speakers from 16 countries, plus a special focus on exhibitors from Latin America and Central and Eastern Europe.
-
PropertyEU Archive
Codic unveils management changes
Belgian real estate developer Codic said on Thursday it is adapting its organisation and strengthening its financial department as a result of its European expansion into Hungary, Romania and Spain over the last few years. In a statement, the company said that Sophie Goblet, chief financial officer of the group ...
-
PropertyEU Archive
JLL lays off 50 staff in Russia and CIS
Global property advisor Jones Lang LaSalle (JLL) is laying off 50 staff across the Russia & CIS region. In a statement on Thursday, the company said that the layoffs affect mainly junior and support positions and form part of a wider strategic cost-reduction exercise in view of the current economic ...
-
PropertyEU Archive
Westfield London mall opens its doors
Australian shopping centre group Westfield opened its new flagship shopping centre in the heart of West London on Thursday. The centre, which is 99% let, was undertaken in a joint venture partner Commerz Real. At 150,000 m2, the scheme is the largest shopping mall in London and Europe.
-
News
Progress redirects Unilever’s real estate
NETHERLANDS – Progress, the €4bn Dutch pension fund of Unilever Netherlands, is altering its real estate strategy by replacing direct real estate holdings with indirect real estate investments.
-
News
Texas Teachers commits €200m to Europe
UNITED STATES - Teacher Retirement System of Texas has approved a €200m commitment to the Blackstone Real Estate Partners Europe III commingled fund.
