Latest reports – Page 3459
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PropertyEU Archive
XXI sells interest in Kharkiv business centre
Ukrainian real estate firm XXI Century Investments has announced that its 50.01% subsidiary, IC XXI Century Kharkiv, has entered into an agreement to sell its interest in Business Centre Kobzar in Kharkiv, Ukraine's second largest city.
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PropertyEU Archive
Niam acquires 41 Swedish properties for EUR 750mln
Niam, the Stockholm-based private equity property group, has acquired 41 properties in Sweden from real estate firm AF Fastigheter for EUR 750mln. The majority of the portfolio consists of properties obtained by AP Fastigheter in its recent acquisition of Swedish state-owned property company Vasakronan.
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PropertyEU Archive
Prologis European Properties invests further in PEPF II
Prologis European Properties has invested a further EUR 20mln in Prologis European Properties Fund II (PEPF II), a private equity fund established to acquire assets from Prologis' development pipeline in Europe as well as assets from third-parties. The investment, entirely funded from cash in hand, increases PEPR's gross investment in ...
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PropertyEU Archive
EXPO REAL and PropertyEU launch search for Europe's greenest developer
PropertyEU has joined forces with the EXPO REAL international property fair in Munich to identify and honour the development company with the greenest environmental strategy in Europe.
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PropertyEU Archive
Arora acquires more airport property assets
Arora Family Trust (AFT) has agreed to acquire three development properties from Airport Property Partnership, a joint venture between the UK airport group BAA and asset manager Morley, for £73mln (EUR 92.5mln). Back in March Arora agreed to buy over 30 properties from the joint venture for £265mln. It was ...
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News
Institutional inflows raise IVG assets to 2007 level
GERMANY – German real estate company IVG has refilled its assets under management basket after a slump in the first quarter of 2008, thanks to institutional interest in indirect real estate.
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News
Rate margins push SNS' property profits
NETHERLANDS - Bancassurer SNS Reaal has revealed SNS Property Finance’s profit rose by 15.9% to €51m in the first half of 2008 thanks largely to a higher interest rate margin.
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News
SEPUT acts to protect pension fund returns
GLOBAL – Schroders has warned investor redemptions in its Exempt Property Unit Trust (SEPUT) could be reduced by as much as 25% if institutional investors withdraw their assets during the current property market downturn.
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News
CPPIB settles Auckland takeover costs
CANADA/NEW ZEALAND – The Canada Pension Plan Investment Board has managed to secure a deal with Auckland International Airport for costs related to the collapse of its partial takeover.
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News
Sources confirm Tesco/USS real estate deal
UK – Sources have confirmed the £30bn (€38bn) Universities Superannuation Scheme (USS), the second-largest pension scheme in the UK, is set to purchase a number of UK supermarket chain Tesco’s largest stores.
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PropertyEU Archive
Europe edges up in FTSE EPRA/NAREIT index
European property stocks edged up slightly in July as the FTSE EPRA/NAREIT Global Real Estate Index finished the month up 1.8%. In the same period global equity markets fell -1.4% and the global bond market added 110 basis points.
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PropertyEU Archive
Economic uncertainty hitting European office markets - CBRE
Office take-up across the major European markets has run at about 2 million m[sup]2[/sup] per quarter so far this year, 20% below last year's levels as short-term economic uncertainty has begun to bite, according to a forthcoming report from property adviser CB Richard Ellis. But the EMEA Office Market View ...
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PropertyEU Archive
Who's Who Listing
PropertyEU's Who's Who 2009 is the most comprehensive and authoritative directory of executives active in all areas of the European commercial property sector. Click on the link below to make sure you are included!
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PropertyEU Archive
Raven signs financing agreement with Aareal Bank
Raven Russia, the AIM-listed property investment group focussed on warehouses in Russia and Ukraine, has announced the signing of a 5-year term loan facility agreement for $89mln (EUR 60.5mln) with Aareal Bank.
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PropertyEU Archive
Lehman seeks to sell $40bn real estate portfolio
US investment bank Lehman Brothers is reportedly in talks to sell its $40bn (EUR 27.2bn) portfolio of commercial real estate, mortgages and mortgage-backed securities to shore up its battered balance sheet.
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PropertyEU Archive
Vivacon secures financing for ground lease acquisitions
German residential property company Vivacon has secured a 'triple-digit million' credit line from Frankfurt office of Dutch bank NIBC. The credit line will enable Vivacon to acquire commercial and residential leasehold properties 'arising from market opportunities'.
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PropertyEU Archive
Segro chief sees no prospect of European REIT
National governments in Europe will continue to block the emergence of a pan-European REIT, according to Ian Coull, CEO of UK-based logistics supplier Segro. 'There will be further harmonisation of REIT regimes, but I do not believe a European REIT will be in place in my working lifetime, or in ...
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PropertyEU Archive
Henderson spends EUR 20mln on Swedish retail property
Henderson Global Investors has acquired a retail warehouse near Sundsvall in northern Sweden for about EUR 20mln. The site in Birsta covers 30,000 m2, including 9,387 m[sup]2[/sup] of retail warehousing and 300 car park spaces. Seven national retailers specialising in the home improvement sector are renting space at the facility.
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PropertyEU Archive
IPD index reveals regeneration risks and rewards
Property in regeneration areas is still 'a solid option for investors looking for long term returns' but is more vulnerable to market downturns. This was the conclusion drawn by research organisation Investment Property Databank (IPD) at the launch of its latest IPD Regeneration Index in London this week.
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PropertyEU Archive
European property stocks claw back ground in July - GPR
European real estate shares finished on a slight loss of -0.9% last month, clawing back ground from the 12% loss in June, according to Amsterdam-based Global Property Research in its latest monthly update of the 250 GPR Index series. The GPR 250 Property Securities Index consists of the 250 most ...
