Latest reports – Page 3501
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PropertyEU Archive
Rabo Bouwfonds chief quits
Dutch property group Rabo Bouwfonds will today announce the resignation of Tjalling Halbertsma as management board chairman due to problems surrounding the integration of Bouwfonds, Rabo Vastgoedontwikkeling and real estate financing arm FGH Bank into a single real estate division, inside sources said.
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News
Investors 'should target ports'
EUROPEAN - Location, and not the growing differential between prime and secondary assets, is driving pricing in European logistics, according to a report published by Jones Lang LaSalle.
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News
UK 'real values' yet to see full impact
UK - The UK property market is approaching fair value, but it has yet to face the fall-out from an economic downturn, according to British Land CEO Stephen Hester.
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News
Russia to weather credit crisis
EUROPE - Moody’s last week issued an 18-month ‘negative’ rating for European real estate, blaming “fundamental credit conditions” – but claimed Russia would continue to offer value for investors.
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News
Cambodia is the new Vietnam
CAMBODIA - International investors in Asian real estate are looking beyond the rapidly saturating Vietnamese market to Cambodia in search of macro-driven investment opportunities.
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Europeans escape US in Asia
ASIA - Pension funds are increasing their exposure to Asian property in a bid to escape the US-led economic downturn.
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News
Corio expects equalled 2008 result
NETHERLANDS - Property investor Corio expects its 2008 results to be in line with last year’s return, after announcing its 2007 performance gained 2.7% to over €203m.
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PropertyEU Archive
Union Investment acquires Frankfurt's Schwedler Carre
Union Investment Real Estate has acquired the Schwedler Carre office block in Frankfurt am Main, Germany, from real estate firm Max Baum Immobilien for EUR 25mln. The property is earmarked for the German firm's open-ended real estate fund Immo-Invest Europa. Comprising around 8,500 m[sup]2[/sup] of rental space, the property is ...
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PropertyEU Archive
Immit looks to raise EUR 1b through Milan IPO
Immit Immobili Italiani, the real estate investment company which manages the property assets of bank Intesa Sanpaolo, said on Monday it will distribute 100% of its profits as dividends in 2008 and 2009. IMMIT chief executive Eugenio Kannes said during the presentation in Milan of the company's initial public offering ...
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PropertyEU Archive
Galeria Podlaska secures new tenants
Shopping mall Galeria Podlaska in the Polish city of Bialystok is 85% occupied after several retailers signed new leases, Portuguese real estate adviser Spirit International announced on Monday.
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PropertyEU Archive
Oberthur leases office building in Paris
Leading software provider Oberthur has signed an agreement with German property firm IVG to lease 4,584 m[sup]2[/sup] of space in an office building in Levallois-Perret, in the northwestern suburbs of Paris.
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PropertyEU Archive
Lion may drive Hema to Scandinavia
Dutch department store chain Hema, which was acquired by London-based private equity firm Lion Capital last year, is mulling expanding its operations to Scandinavia and Switzerland.
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PropertyEU Archive
NSI boosts Swiss portfolio with EUR 47m purchase
Nieuwe Steen Investments said on Monday it has reached agreement with unnamed parties on the acquisition of two commercial properties in the centre of Fribourg, Switzerland, for a total sum of EUR 47mln, excluding costs. The deals are expected to be finalised by mid-2008. The Dutch property fund said the ...
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PropertyEU Archive
Cofinimmo expands in French healthcare sector
Cofinimmo announced on Monday that it is acquiring 19 nursing homes in France for EUR 144.4mln from French medical group Korian. The investment volume will be financed from existing credit lines and reflects a gross initial yield of 6.55%. The portfolio, including five properties under construction, comprises 1,700 beds over ...
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PropertyEU Archive
RREEF carries out largest Romanian real estate deal
RREEF, the property arm of Deutsche Bank, has agreed to pay EUR 341mln in the forward purchase of a 410,000 m[sup]2[/sup] mixed development in the Romanian capital of Bucharest. Ioannis Papalekas, the entrepreneur-developer of the properties, is to retain a 22% stake in the scheme. RREEF said the transaction is ...
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PropertyEU Archive
Deka Immobilien shops in Hamburg
German bank Deka's property unit Deka Immobilien has acquired two logistics buildings in the Billbrook industrial area of Hamburg for EUR 43mln from German businessman Achim Becker.
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PropertyEU Archive
Warimpex brings angelo design hotel to Munich
Warimpex, the Vienna-based real estate developer and investor focusing on Central and Eastern Europe, has described the opening of the first angelo design hotel in Germany on Monday as 'a further major milestone' in the positioning of the brand since the launch of the concept in Prague in 2006.
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PropertyEU Archive
Generali fund buys Oleiros mall from Bouygues
Italian insurance group Generali's Real Estate Fund (GREF) has acquired a shopping centre development in Oleiros, A Coruna, in northern Spain from French construction giant Bouygues Inmobiliaria for about EUR 45mln. The property is being built by Bouygues and is scheduled for delivery in the last quarter of 2008. It ...
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PropertyEU Archive
JC Flowers-led offer for 25% Hypo stake underway
A group led by US private equity firm JC Flowers & Co has published its offer to buy up to 24.9% of Hypo Real Estate. The offer is for up to 50.1 million shares in Hypo Real Estate, Germany's second largest commercial real estate lender, at a price of EUR ...
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PropertyEU Archive
C&W represents Philips in Moscow leasing
Cushman & Wakefield Stiles & Riabokobylko said it represented Philips in negotiations that led to the signing of a preliminary leasing agreement for almost 7,000 m[sup]2[/sup] of space in Building A at Western Gate Business Park in Moscow.
