Latest reports – Page 3512
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PropertyEU Archive
Croatia's property market continues upward trend: King Sturge
The commercial property market in Croatia is showing increasing activity thanks to the country's strong economic growth and its edging closer to EU membership. Rents for trophy office buildings in the capital Zagreb - which accounts for the majority of the property activity in Croatia - have increased by 5-10% ...
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PropertyEU Archive
SLI to fund EUR 70m retail park in Poland
Standard Life Investments has signed an agreement with developer Helical Poland to fund a EUR 70mln retail park near Opole in Poland. Secured on behalf of Standard Life's European Property Growth Fund (EPGF), the 36,000 m[sup]2[/sup] Tarawa Retail Park development will comprise a hypermarket, a DIY store, 10 retail warehouse ...
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PropertyEU Archive
Evans Randall, Bank of Scotland team up in EUR 1b fund JV
UK investment bank and private equity group Evans Randall said it has created a 50-50 joint venture with the Bank of Scotland to expand its Luxembourg-based European Property Fund. In addition to subscribing for 50% of the equity in the fund, which has a target value of EUR 1bn, Evans ...
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PropertyEU Archive
Norwegian Property agrees to sell Norgani Hotels for EUR 1.4b
Norwegian Property said on Friday that it had signed a letter of intent to sell Norgani hotel group for NOK 11.2bn (EUR 1.4bn) to an unnamed group. 'This transaction will solve all short-term financial challenges,' Norwegian Property CEO Petter Jansen said. 'Furthermore, the capital gain and cash release creates a ...
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PropertyEU Archive
Summit Germany sells Cologne property
AIM-listed German commercial property investor Summit Germany said its recently acquired Deutsche Real Estate subsidiary has sold its share in a property in Cologne, Germany, for a profit of about EUR 2mln. The property was held through a joint venture in which Deutsche Re's share is 40%. The property has ...
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PropertyEU Archive
IPD derivatives double in Q1 to record £3.67b
The total volume of IPD Property Derivatives traded in the first quarter of 2008 rose to a record £3.67bn (EUR 4.7bn), more than double the amount traded in the last three months of 2007. A total of 283 trades were recorded in the first quarter of 2008, surpassing the previous ...
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PropertyEU Archive
GTC's Park Apartments complex in Belgrade sold out
Colliers International Serbia said it has completed the sale of all residential and retail units in the Park Apartments complex in Belgrade developed by Globe Trade Center, a Poland-based developer active in Central and Eastern Europe. The complex features 20,000 m[sup]2[/sup] of residential and retail space, with 181 residential units, ...
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PropertyEU Archive
IFPT sees NAV per share fall 7.9% in Q1
Invista Foundation Property Trust (IFPT) said its net asset value fell to £379mln (EUR 480mln) in the first quarter of 2008 from £412mln at end-December 2007 following a decline in UK commercial property capital values. On a per-share basis, NAV fell 7.9% to 108 pence in the first quarter, contributing ...
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PropertyEU Archive
Hammerson 'upbeat' despite turbulent market conditions
Hammerson has said it remains upbeat on its prospects for 2008 despite further declines in UK property values in the first quarter of the year and signs of softening in the office investment market in France, which accounts for 30% of the UK commercial property developer-owner's investment portfolio.
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PropertyEU Archive
Immoeast sells Warsaw's Salzburg Center for EUR 41m
Immoeast has sold the Salzburg Center building in Warsaw to German open-ended real estate fund SEB Global Property Fund for EUR 41mln. The 10,660 m[sup]2[/sup] Salzburg Center is located in the booming office district of Mokotow on the edge of the Central Business District (CBD) of the city. The Class ...
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PropertyEU Archive
Hypo RE provides EUR 500m financing to Whitehall Funds' 2007 deal
Hypo Real Estate said it has provided a senior loan of EUR 500mln for the Whitehall funds acquisition in 2007 of a mixed-use portfolio in Germany from Degi, the real estate investment arm of German insurer Allianz. The financing for the assets, worth some EUR 2.45bn, was arranged and syndicated ...
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PropertyEU Archive
Gecina completes acquisition of Paris office property
French property company Gecina said it has completed the acquisition of the l'Angle office building located in the new Boulogne-Billancourt district in Paris from Hines European Development Fund (HEDF) for EUR 84mln. Gecina said it has also signed a 12-year lease with the French newspaper l'Equipe for all of this ...
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PropertyEU Archive
Lenders' profits hit by property value declines, BoE warns
The sharp decline in commercial property values in the UK has dragged down the profits of the country's most active real estate lenders, the Bank of England has cautioned in its latest Financial Stability Report. The central bank said the 16% fall in commercial property values since last June had ...
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News
ATP buys a harbour view
DENMARK - ATP Real Estate, the property arm of Denmark’s DKK350bn (bn) labour market supplementary fund, is investing DKK700m in a “ground-breaking” office block development in Copenhagen’s harbour area.
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News
Morgan Stanley brings $2.5bn to Special Sits III
UNITED STATES - Morgan Stanley Real Estate has attracted $2.5bn (€1.6bn euros) of institutional capital for the latest round of fund raising for Special Situations Fund III.
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News
Pramerica creates UK senior housing vehicle
UNITED STATES - Pramerica Real Estate Investors has setup a new co-investment entity to invest in senior housing in the United Kingdom, to sit alongside its PRECO III commingled fund.
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News
Indiana PERF moves $150m into real estate
UNITED STATES - Indiana Public Employees Retirement Fund has approved commitments totaling $150m (€
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News
Orange County works on commingled fund manager search
UNITED STATES - Orange County Employees Retirement System is nowworking on a search to hire new commingled fund real estate managers.
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News
Nebraska adds to real estate portfolio
UNITED STATES - Nebraska Investment Council has expanded its real estate portfolio by making a $25m (€16.1m) commitment to the Five Arrows Realty Securities V commingled fund.
