Latest reports – Page 3510
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PropertyEU Archive
Pirelli to launch EUR 1b European fund
Italian property giant Pirelli Real Estate plans to launch a EUR 1bn opportunistic fund for Europe. CEO Carlo Puri Negri said on Thursday that the company will start fundraising in the coming months. He added that the firm also intends to strengthen the management structure of its Non Performing Loans ...
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PropertyEU Archive
Savills reports slide in UK investment volumes
Savills said said trading conditions for its UK and US commercial capital markets businesses have continued to be challenging with volumes down on the comparable period in 2007
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PropertyEU Archive
Prologis to develop 80,000 m[sup]2[/sup] green distribution facility in Zaragoza
Prologis is to develop and lease an 80,000 m[sup]2[/sup] distribution centre in northern Spain to Bosch-Siemens Home Appliances (BSH). The new warehouse will be one of the largest sustainable build-to-suit projects developed by the company in Europe. The sustainable design features and technology includes roof mounted solar panels, rainwarter ...
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PropertyEU Archive
Schroder fund buys EUR 48m logistic portfolio
Schroder Property Investment Managers said that its closed-end real estate fund Eurologistic Fund I has signed a purchase agreement for two fully let logistics assets located in Bologna and Novara, Italy, for around EUR 48mln. Completed in 2005, the properties provide some 61,000 m[sup]2[/sup] of space. Schroders said in a ...
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PropertyEU Archive
Shift in German office market locations, Colliers TK
Demand for office space in Germany is increasing in the Central Business Districts (CBD) and central areas, according to property advisers Colliers Trombello Kolbel. The advisers also found that the shift in demand is affecting both the letting and the investment market equally.
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PropertyEU Archive
AREF: UK property fund outflows halved in Q1
Net capital outflows from British property funds slowed in the first three months of 2008 to £500mln (EUR 634mln), down 60% on the previous quarter according to new research released on Wednesday by the Association of Real Estate Funds (AREF).
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PropertyEU Archive
BAM in consortium bidding to develop ECB tower in Frankfurt
Dutch construction company BAM is one of the candidates bidding to build the new headquarters of the European Central bank in Frankfurt, according to the Dutch financial newspaper het Financieele Dagblad. The paper reported that BAM Deutschland together with construction firm Zublin is part of a consortium that has passed ...
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PropertyEU Archive
ING fund buys 23,819 m[sup]2[/sup] of logistics space in France
A joint venture of Wal Mart's warehousing unit Gazeley and real estate group CalEast Global Logistics has announced the sale of a 23,819 m[sup]2[/sup] logistics complex located in the G. Park Canly dans l'Oise, 70 km north of Paris, to ING Real Estate European Industrial Fund (ING REEIF). The financial ...
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PropertyEU Archive
WDP puts first solar power installation into service
Closed-end real estate investment fund WDP has put its first solar power installation into service with the help of energy supplier Nuon Belgium. The building at the WDP site in Grimbergen has over 3,000 solar panels on its roof and can generate 570 kWp (kilowatt peak).
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PropertyEU Archive
Klemurs buys 77 retail outlets across France
Klepierre's listed subsidiary Klemurs has acquired a portfolio of 77 retail outlets across France from French property company Fonciere Montel and retail footwear group Vivarte for EUR 104mln. The transaction, which was first agreed in December 2007, involves a total 87 outlets to be purchased this year, of which Klemurs ...
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PropertyEU Archive
Credit Agricole, ING RE launch Horizon Sud project in Evry
The real estate development units of Credit Agricole Immobilier and ING Real Estate are joining forces in the construction of the new Horizon Sud residential-led project in Evry, near Paris. ING and Credit Agricole said in a joint statement that the urban regeneration project is in line with the strategy ...
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News
UK shopping centre investors and developers stall
UK - Investors are holding off from acquisitions in the UK as shopping centre developments stall amid a funding crisis, according to two specialists at property consultancy Savills.
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News
Pricing and rents repeal increase Poland’s appeal
POLAND - Upward-moving rents and “rational” pricing are boosting the acquisition appeal of Polish property assets, according to James Rushworth, European property director at Standard Life Investments.
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News
Q1 hike in UK derivatives trading
UK - The value of trading in UK property derivatives doubled to £3.7bn (€4.5bn) in Q1 2008 as investors increased their use of swaps to hedge exposure to real estate, according to figures from the IPD UK All-Property index.
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News
ABP-owned firm sells office portfolio
EUROPE - Corio, the Dutch property firm 37%-owned by the €220bn ABP pension fund, has sold its Dutch office portfolio for €650m - 1.5% below book value.
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News
Aberdeen buys real estate rival Goodman for £109m
GLOBAL – Aberdeen Asset Management’s real estate subsidiary Aberdeen Property Investors has snapped up a deal to buy its rival Goodman Property Investors for £109m (€140m).
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PropertyEU Archive
Baltic Property Trust fund acquires Warsaw office tower
Baltic Property Trust's BPT Optima fund announced on Tuesday that it had successfully concluded negotiations to acquire the 3,800 m[sup]2[/sup] Dominanta Praska building in Warsaw for an undisclosed sum.
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PropertyEU Archive
Epra makes plea for standard reporting
Europe's property companies need to move toward standard reporting practices to enable investors to transparently compare firms across the industry, the European Public Real Estate Association (Epra) has said at the launch of its Best Practices Policy Recommendations.
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PropertyEU Archive
Hypo Real Estate Q1 profits decline due to market turmoil
Munich-based Hypo Real Estate has announced a 38% drop in first quarter pre-tax profits to EUR 190mln from EUR 304mln the year before largely due to writedowns on bad investments. Without the amount from a mandatory convertible bond issued in connection with the acquisition of Dublin-based German lender Depfa, Hypo’s ...
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PropertyEU Archive
Sponda Q1 profits surpass analysts predictions
Finnish property company Sponda has reported first quarter operating profit of EUR 46.5mln, a significant drop on the EUR 103.4mln result in the same period in 2007 - but still ahead of forecasts. The higher than expected results were due to improved occupancy rates and higher average rents. Analyst forecasts ...
