Latest reports – Page 3444
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PropertyEU Archive
Deka back in Netherlands with logistics buy
Deka Immobilien, the property arm of DekaBank, has stepped back into the Dutch market with the acquisition of a logistics portfolio for EUR 38 mln. The Berry portfolio consists of two assets with total space of 45,000 m[sup]2[/sup] located in the cities of Almere and Wijchen. The portfolio is earmarked ...
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PropertyEU Archive
Orco urges shareholders to tackle short selling
Orco Property Group, the listed Central European developer, has asked its shareholders to make sure the shares they hold are not used to short sell the company. Trading in Orco's shares was stopped in Prague last Thursday after they slumped more than 20% from opening levels. Orco shares fell to ...
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PropertyEU Archive
Sirius completes asset management deal with Principle Capital Partners
AIM-listed property company Dawnay Day Sirius has announced that Principle Capital Partners has completed the acquisition of 48% of its asset management company, Dawnay Day Sirius Real Estate Asset Management. The asset manager will now be renamed Principle Capital Sirius Real Estate Asset Management (PCSREAM).
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PropertyEU Archive
Cap & Regional shareholders back Apollo jv
Capital & Regional, the UK co-investing property asset manager, has said it expects the sale of half of the equity investment in a EUR 637 mln German retail portfolio to Apollo Real Estate Advisers will be completed in the first week of October.
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PropertyEU Archive
Valad leases 12,500m[sup]2[/sup] warehouse in UK
Australia's Valad Property Group has let a 12,542 m[sup]2[/sup] high bay warehouse at Wakefield 41 Industrial Estate in Yorkshire to Northern Foods, a supplier of own-brand products to the big four UK supermarkets and Marks and Spencer. Northern Foods has agreed a five-year lease on the warehouse on a back-to-back ...
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PropertyEU Archive
Degi invests EUR 400m in Prague
German fund manager Degi, a unit of Aberdeen Property Investors, is upping its exposure to Eastern Europe with its EUR 400 mln investment in a business park in Prague. Earlier this month, Degi acquired a portfolio of seven properties in The Park complex from Signa Property Funds, the fund management ...
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News
Non-listed real estate stays top buy in poor conditions
EUROPE - Non-listed real estate funds remain the asset class of choice among institutional investors looking to increase their investments in European real estate in turbulent times, according to a study by INREV, the Amsterdam-based European association for investors in non-listed real estate vehicles.
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News
Student accommodation contrasts economic slowdown
UK - The UK student accommodation sector is continuing to thrive while most other property sectors feel the pinch in tough economic conditions, according to real estate consultancy group King Sturge.
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News
Knight Frank expands Middle East operations
MIDDLE EAST - London-based global real estate management and advisory firm Knight Frank has extended its global network by opening a office in Bahrain to cover the burgeoning Middle Eastern property market.
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News
MEAG appoints new managing director for real estate
GERMANY - Munich Ergo Asset Management (MEAG) has appointed Günter Manuel Giehr as head of its global real estate operations.
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News
Swiss cut real estate investment limit
SWITZERLAND – The Swiss government has passed new investment regulations for Pensionskassen which put more emphasis on the prudent person principle and the responsibility of heads of Pensionskassen but which also lower the investment limits on assets such as real estate.
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PropertyEU Archive
Immoeast scraps EUR 2b pipeline to calm investors
Austrian investor Immofinanz and its 54%-controlled unit Immoeast said on Friday that they are taking 'comprehensive measures' to secure liquidity and reduce costs in an attempt to reassure investors and stabilise their share price. Immoeast and Immofinanz stocks suffered heavy losses on Thursday, closing at an historical low of EUR ...
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PropertyEU Archive
Meag appoints new head of real estate
German asset manager Meag said on Friday that Günter Manuel Giehr is to take over the management of the firm's global real estate activities, replacing Knut Riesmeier, who will leave the company at the end of September.
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PropertyEU Archive
CBRE: Sale & leaseback deals gain momentum in H1
Corporate sale and leaseback transactions have grown rapidly across Europe, rising by 585% in just four years from EUR 6.7 bn in 2004 to EUR 46 bn in 2007, according to a new report by property advisor CB Richard Ellis (CBRE).
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PropertyEU Archive
KanAm fund acquires trophy OpernTurm in Frankfurt
Open-ended real estate fund KanAm grundinvest has acquired Frankfurt’s trophy OpernTurm from developer Tishman Speyer, marking the fund's first German acquisition.
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PropertyEU Archive
Selling process starts for Lehman's $15bn European portfolio
Administrator PricewaterhouseCoopers has started gathering expressions of interest in Lehman Brothers' $15bn European property portfolio. The advisory firm said it has made 'considerable progress' in identifying the assets owned in Europe by the US investment bank which will need to be sold in order to repay creditors. PricewaterhouseCoopers was appointed ...
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PropertyEU Archive
'CEE infrastructure to feel the gap with Western Europe'
Central Eastern European (CEE) countries are spending billions of euros per year in new infrastructure in an attempt to close the gap with Western Europe. According to a new research report released this week by global operator of distribution facilities ProLogis, the five main CEE countries: the Czech Republic, Hungary, ...
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PropertyEU Archive
Land Securities submits new plan for Victoria, London
British property giant Land Securities announced the submission on Friday of a new planning application for its Victoria Transport Interchange development. The detailed plans, submitted to Westminster City Council for consideration, seek permission for a mixed use development which will create a new quarter in area. The development, which forms ...
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PropertyEU Archive
Habitat on the verge of collapse
Spanish debt-loaded property company Habitat admitted in a note to its creditor banks this week that it won't be able to meet debt payments due by the end of 2008, Spanish paper El Pais reported on Friday. The company, whose acquisition of Ferrovial's real estate division in 2007 was fuelled ...
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PropertyEU Archive
JLL's newly-appointed EMEA CEO sees 'very challenging' year ahead
Christian Ulbrich is about to step into some very global shoes. Jones Lang LaSalle's (JLL) head of German business will become the new CEO for the EMEA region in January next year, succeeding Alistair Hughes, who will take over from Peter Barge as CEO for Asia Pacific. In his new ...
