Latest reports – Page 3456
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PropertyEU Archive
WDP lifts H1 net profit by 11.5%
Closed-end property investment company Warehouses de Pauw (WDP) reported net profit increased by a higher-than-expected 11.5% to EUR13.9 mln in the first six months of 2008 from EUR12.5 mln in the year-earlier period. Earnings per share amounted to EUR1.62, up from EUR1.45 in the same period a year ago.
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PropertyEU Archive
British Land chief takes up non-executive post at RBS
Stephen Hester, CEO of British Land, is to assume the position of non-executive director at the Royal Bank of Scotland (RBS) from October 1. At the same time, he will relinquish his role as non-executive deputy chairman of embattled British bank Northern Rock after just seven months in the job.
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PropertyEU Archive
CoreNet sets up Central Europe branch
Corporate real estate association CoreNet Global has established a new branch for Central Europe, covering Germany, Switzerland, Austria, the Czech Republic, Hungary, Liechtenstein, Poland, Slovakia and Slovenia.
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News
Real estate markets continue to struggle
GLOBAL - Global property markets are continuing to slow, according to the latest research by specialist property performance analysis firm, IPD, as the value of properties in the UK, Japan and Australia all showed declines in recent months.
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News
Student housing firm’s projects to target graduates
UK – London-based specialist property development group Unite is planning to build two student residence blocks worth €68m in London, and expanding its repertoire to try and plug the demand for housing among graduates.
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News
Heathrow tops expense poll in warehouse focal shift
GLOBAL - London’s Heathrow airport has the most expensive warehouse market in the world, followed by Tokyo, Oslo, Dublin and Singapore, according to Boston-based global real estate firm Colliers International.
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News
‘Cheesegrater’ put on hold as UK economy falters
UK - British Land has postponed plans to build a gleaming 220m skyscraper in the City of London, as falling demand for office space underlines the downward spiral of the UK economy.
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News
ING Real Estate caps its property finance (amended)
NETHERLANDS - ING Real Estate is limiting its financing of property investments in the Netherlands in order to spread the risks within the ING Group.
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PropertyEU Archive
SEB acquires office project in Cologne
SEB Asset Management has signed an agreement to acquire the Cacilium office project in Cologne for an investment volume of EUR 75 mln. The seller is KK 10, a special-purpose vehicle created by Essen-based real estate company Kolbl Kruse.
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PropertyEU Archive
JER Catalyst sells two buildings in Brussels
JER Catalyst has sold two building in the centre of Brussels to a private Belgian investor for an undisclosed sum. The first building comprises 2,400 m[sup]2[/sup] of space and features a striking facade on Rue de Namur 72-74. The property includes commercial premises on the ground floor with 400 m[sup]2[/sup] ...
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PropertyEU Archive
Westfield, Simon Group buy into Liberty International
Australian shopping centre group Westfield confirmed on Tuesday that it has acquired a 2.96% stake in UK shopping centre REIT Liberty International. In a statement, the company said that it had purchased close to 11 million shares in Liberty International in June and July at an average price of 835p. ...
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PropertyEU Archive
Corio invests in 11th Turkish shopping centre
Corio, a listed retail property investment company, has acquired a 25,000-m[sup]2[/sup] shopping centre project in the Turkish city of Tarsus. The retail scheme is being developed in cooperation with ACTEEUM, a privately owned real estate developer and asset manager that works for professional investors in emerging markets.
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PropertyEU Archive
Pik Group buys major development site in Krasnodar
Russian leading developer Pik Group said on Tuesday that it is expanding into another new city in Russia's regions with the acquisition of a major land plot in the city of Krasnodar. The total area acquired is around 24 hectares on which the firm plans to develop approximately 250,000 m[sup]2[/sup] ...
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PropertyEU Archive
Degi invests in Frankfurt
German property investment company Degi has bought a building on Zeil, Frankfurt's main retail street, for over EUR 30 mln. The fully let commercial building was sold by Nassauische Sparkasse (NASPA), which will remain in the building as a long-term tenant. Degi was advised by Kempers Jones Lang LaSalle Frankfurt.
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PropertyEU Archive
'ING RE to sell central London office portfolio'
ING Real Estate is believed to be offloading its central London office assets worth over £200 mln (around EUR 250 mln), according to reports by Property Week. The company is reportedly selling 88 Wood Street in the City of London for around £190 mln to US private investment firm Atlantic ...
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PropertyEU Archive
Foxtons mulls signing up Rothschild for business review
BC Partners, the new owner of UK estate agent chain Foxtons, is considering hiring investment bank NM Rothschild to carry out a review of the agent's business amid the credit crunch and the price correction in the British housing market, the Financial Times reported on Tuesday in its online edition. ...
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PropertyEU Archive
Cap&Reg fund sells Templars retail park for £57 mln
UK asset manager Capital & Regional said on Tuesday that its retail park-focused fund, The Junction, has exchanged contracts for the sale of Templars Retail Park, in Oxford, for £57 mln (EUR 72 mln). The property is being acquired by a subsidiary of Resolution Properties. The deal reflects a net ...
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PropertyEU Archive
Middle East growing source of hotel investment
The Middle East has emerged as the major geographical source of hotel investment since January. The region accounted for 30% of the total investment volume in the sector compared to 12% during the same period in 2007, according to Jones Lang LaSalle Hotels.
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PropertyEU Archive
Irish property values to fall further - CBRE
Commercial property values in Ireland have further to fall before transaction activity improves, CB Richard Ellis has said. According to the Irish Capital Markets Market View report for the third quarter of 2008, the property investment market in Ireland has come to a virtual standstill in recent months with ...
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PropertyEU Archive
Lone Star snaps up IKB
Private equity firm Lone Star has agreed to pay a 'low three-figure sum' for German lender IKB, the first high-profile causality in Europe of the subprime mortgage crisis.
