Latest reports – Page 3454
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PropertyEU Archive
Babis Vovos receives go-ahead for 32,000 m[sup]2[/sup] mall in Athens
Greek real estate company Babis Vovos (BVIC) said on Monday that it has been granted a permit to complete the construction of the Votanikos shopping mall in Athens. In a statement, BVIC said that the municipality of Athens has given the final approval to the 32,000-m[sup]2[/sup] property, which the firm ...
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PropertyEU Archive
Focus Nordic Cities picks up Riga office property
Focus Nordic Cities, a German open-ended real estate fund managed by Catella Real Estate, has acquired a 12,800 m[sup]2[/sup] office property located on one of the main streets in the Latvian capital Riga. The property on Duntes Street was developed and sold by Baltic developer E.L.L. Real Estate and is ...
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PropertyEU Archive
Corio seeks buyers for EUR 200m Dutch portfolio
Dutch real estate company Corio plans to offload EUR 200 mln worth of assets in the Netherlands. The portfolio includes 25 small retail properties - mostly supermarkets and small shopping centres in secondary locations across the country. According to Gerard Groener, new CEO of Corio, the assets didn't offer growth ...
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PropertyEU Archive
ING RE appoints new CEO of global investment management
ING Real Estate has announced the appointment of Robert Houston as chairman and CEO of its global investment management business. Houston has replaced David Blight who resigned to return to Australia for family reasons. Houston was an original founder of ING Real Estate's investment management business in the UK, and ...
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PropertyEU Archive
Ruud Storms leaves the management of NSI
Nieuwe Steen Investments (NSI) has announced Ruud Storms is to resign from the management board on 1 October. Storms was responsible for the operational management of the NSI real estate portfolio in the Netherlands.
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PropertyEU Archive
RICS calls for major housing market reform
The Royal Institution of Chartered Surveyors (RICS) has called on the UK Government to take 'significant and decisive' action to deal with the current housing market downturn. In a statement on Monday, RICS described the government's attempts to address the problems as 'limited' and 'with little real impact' and proposed ...
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PropertyEU Archive
LaSalle fund to spend EUR 8 bn on Asian opportunities
LaSalle Investment Management has said its Asia Opportunity Fund III will have a potential warchest of EUR 8.2 bn to spend on real estate in developed parts of Asia. Announcing the final closing of the fund, LaSalle said it had raised EUR 2 bn, which with leverage would give the ...
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News
Recession fears bring gloom to German real estate
GERMANY - Investors are increasingly reluctant to invest in German real estate as the Europe’s largest economy is slipping into recession, independent European property consultants, King Sturge has warned.
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News
Emerging markets lift global office sector…for now
GLOBAL - The office market worldwide has continued to show resilience despite the general downturn in the global economy, according to Boston-based global property specialist Colliers International.
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News
DEGI continues expansion eastwards and at home
GERMANY - Specialist Frankfurt-based property investors, DEGI, has acquired the Marynarska Business Park in Warsaw for €167m, as well as expanding its presence in Frankfurt.
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News
SEB to cash in on expanding Cologne office market
GERMANY - Frankfurt-based SEB Asset Management (SEB) has further expanded its German property holdings with the purchase of a major office building in Cologne which adds €75m to the group’s existing €132bn assets under management.
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PropertyEU Archive
UK, Irish banks provide EUR 205m funding for airport deal
Abbey UK Corporate Banking, Bank of Ireland and Ireland's AIB Group, have acted as joint lead banks on a £l65 mln (EUR 205mln) debt funding and hedging arrangement for the Arora Family Trust's recent acquisition of a portfolio of 31 properties located around major UK airports.
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PropertyEU Archive
Curzon jv buys £139.3m UK property portfolio from Prupim
Investment funds controlled by Curzon/AEW Europe and Mountgrange Investment Management said they have purchased a portfolio of 28 UK properties from one of the institutional funds of Prupim, the property arm of British life insurer Prudential, for £139.3 mln (EUR 172.8 mln). The expected net initial yield on the portfolio ...
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PropertyEU Archive
Global office market fundamentals still solid
Many office markets continue to post solid fundamentals despite year-long volatility in financial markets, according to the latest Colliers Global Office Real Estate Review, which currently features 172 office markets. Nonetheless, Colliers believes that in the second half of 2008 and 2009, office markets in all regions should become more ...
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PropertyEU Archive
Babcock & Brown executive steps down
Babcock & Brown said that the chief executive of its power division, Dr. Paul Simshauser, on Friday stepped down from his role to take a senior position within the group's infrastructure’s division. Simshauser's resignation from Babcock & Brown Power, Australia's biggest publicly traded electricity producer, comes as the company reported ...
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PropertyEU Archive
Prologis leases 26,000 m[sup]2[/sup] to Cedilec in Le Havre
Logistics property giant Prologis said it has leased around 26,000 m[sup]2[/sup] of space in its Park du Hode in Le Havre, France. In a statement, the company said that the new building is the second to be occupied by Cedilec in the 150,000 m[sup]2[/sup] park located 7 km away from ...
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PropertyEU Archive
Property market conditions endanger UK’s green agenda: Velux
The slowdown in the UK property market poses a serious threat to meeting the aims of the UK’s green agenda and is hindering the further development of eco technologies, according to the latest findings from the sustainability division of skylight, roof window and solar energy water heating system manufacturer Velux.
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PropertyEU Archive
Corio 1H net profit down 80% despite increased rental income
Dutch retail property specialist Corio said its net profit in the first six months of 2008 fell to EUR 69.8 mln from EUR 339.8 mln in the like, year-earlier period, as a 16.8% increase in net rental income was offset by a negative revaluation result and higher financing costs.
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PropertyEU Archive
Degi buys business park in Warsaw for EUR167 mln
Degi, part of Aberdeen Property Investors, has acquired the Marynarska business park in Warsaw for EUR167 mln from the developer Ghelamco. The property will be added to Degi's international open-ended property mutual fund, which focuses on international commercial property.
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PropertyEU Archive
European investment activity drops by 67% in Q2
European investment in commercial property dropped 67% year-on-year to EUR 8.6 bn in the second quarter of 2008, reaching its lowest level since the first quarter of 2004, property services firm Atisreal International said in its latest research report. Investment activity in the first six months of 2008 dropped by ...
