Latest reports – Page 3492
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PropertyEU Archive
ING Real Estate launches EUR 800m healthcare fund
ING Real Estate has become the latest property company to venture into the healthcare sector. The company is launching a fund that will enable institutional investors to gain indirect exposure to the sector on a pan-European basis. In recent years a number of listed property groups have invested directly ...
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PropertyEU Archive
Deka acquires Stora Enso HQ in leaseback deal
German property fund manager Deka Immobilien has signed an agreement to acquire the head office of Swedish-Finnish paper manufacturer Stora Enso in Helsinki for EUR 30mln. Stora Enso will rent the 6,500 m[sup]2[/sup] property back from WestInvest InterSelect, one of the Deka Group's funds, for a period of two to ...
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News
Blight to leave ING REIM
NETHERLANDS/AUSTRALIA - David Blight, chief executive of ING Real Estate Investment Management is leaving the company to return to his native Australia, the firm has announced.
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News
J-REITs are bowed but still borrowing
JAPAN - J-REITs are better positioned than other Japanese property firms to weather lender caution, according to a report published by Moody's which maintains a stable outlook for 20 of 22 rated J-REITs.
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News
Retail booms despite ‘weak’ Russian reputation
RUSSIA - Consumer spending power is driving resurgent growth in Russian retail real estate, according to Swedish fund manager East Capital following the launch of a retail property fund.
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News
Stay out of politics, OECD tells SWFs
GLOBAL - The OECD has apparently softened its stance on sovereign wealth funds (SWFs), welcoming their “constructive contribution” to economic development and lauding them as “a force for global financial stability”.
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PropertyEU Archive
Norwegian Property disposes of non-core asset
Norwegian Property has entered into an agreement to dispose of a non-core asset days after the Oslo-based real estate company called off negotiations with a consortium about the sale of the EUR 1.4bn Norgani hotel group.
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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
C&W opens hospitality unit in Poland
Cushman & Wakefield has announced Dorota Malinowska will head its new hospitality department which begins operating in Poland this month. Malinowska, a graduate of Warsaw School of Economics, has more than 16 years of professional experience, starting with the Marriott Hotel in Warsaw. She has also worked on hotel projects ...
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PropertyEU Archive
Vastned Office sells properties for EUR 17m
Dutch property fund Vastned Offices/Industrial has sold six properties in the Netherlands for about EUR 17mln as part of its strategic shift towards more liquid office markets. Vastned noted the properties had an average occupancy rate of 72% and an annual gross rental income of EUR 1.2mln. The company said ...
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PropertyEU Archive
European developers launch sustainability charter
The European Union of Developers and House Builders (UEPC), an association representing more than 30,000 private sector developers and house builders, said it has launched a sustainability charter. The charter sets out the UEPC's commitment to promote sustainable development and is based on the principle that sustainable development should contribute ...
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PropertyEU Archive
C&W appointed agent for Novosibirsk Hilton centre
Cushman & Wakefield Stiles & Riabokobylko has been appointed the exclusive leasing and marketing agent for office space at the Hilton Hotel & Business Centre in the centre of the Russian city of Novosibirsk. The Novosibirsk project is being spearheaded by international investor and developer London & Regional and also ...
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PropertyEU Archive
Multi breaks ground on EUR 400m Czech scheme
Multi Development on Friday held a groundbreaking ceremony for the first phase of its New Karolina mixed-use project in Ostrava in the Czech Republic. The Dutch-based developer said the EUR 400mln scheme, comprising a total 240,000 m2, is the largest inner city regeneration project in the Czech Republic.
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PropertyEU Archive
Immo unveils 85,000 m[sup]2[/sup] Serbian logistics scheme
Immo Industry Group and Colliers International Serbia have unveiled plans for what they say will be Serbia's first logistical and industrial park. Known as IIG Industrial Park Belgrade, the park will comprise 85,000 m[sup]2[/sup] of logistics and industrial facilities on a 17-hectare site on the E-75 highway next to Stara ...
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PropertyEU Archive
Orco gets green light for upscale Budapest mall
Central European property firm Orco Property Group has received a building permit for the construction of a new shopping centre in the former home of the Budapest Stock Exchange. Located on the central Vorosmarty Square, the Vaci 1 scheme is set to open in the spring of 2010.
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PropertyEU Archive
Montenegro commits to sustainable development at Velika Plaza
The government of Montenegro has committed itself to supporting sustainable development at the Velika Plaza waterfront community project, Colliers International Southeast Europe said on Friday. The property consultancy noted that Velika Plaza project, which encompasses the longest beach in Montenegro, is currently being tendered by the government.
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PropertyEU Archive
SJ Berwin advises British Land on supermarket disposals
European law firm SJ Berwin has said that its real estate division advised British Land on the disposal of two Sainsbury's supermarkets at Swindon and Surbiton in the UK to an undisclosed buyer for a combined total of £56mln (EUR 70mln). SJ Berwin said the supermarkets were acquired by British ...
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PropertyEU Archive
No recovery for UK property until 2010 - IPF survey
Optimists betting on a recovery of the UK commercial real estate sector next year will likely be disappointed, according to the findings of a quarterly report by the Investment Property Forum (IPF). Key industry analysts, the IPF found, are less hopeful than they were three months ago that UK property ...
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News
Teesside offers £1.75m direct property mandate
UK - Middlesbrough Borough Council has issued a tender for a manager to take responsibility for the direct property portfolio of its local government pension scheme.
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Magazine
Critical mass
Germany is a leader in green construction, yet it lacks a standard certificate. Why? Why is sustainability key to the strategy of Union Investment? Chair of its management board, Reinhard Kutscher talks to Martin Hurst
