Latest reports – Page 3518
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News
Retail will continue to attract cross-border investment
EUROPE - Shopping centres will continue to attract cross-border property investments because they offer secure income and low risk, according to René Tremblay, CEO of Ivanhoe Cambridge.
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News
UK residential 'risky' despite 2007 returns
UK - Market fragmentation and unfavourable tax treatment are scuppering attempts to widen investment in the UK residential, Savills director Jacqui Daley said last week.
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News
€91m spring clean at IVG
GERMANY – German real estate asset manager IVG has sold €91m in German property to London-based real estate private equity investor CIT Europe.
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PropertyEU Archive
Helaba financing EUR 270m of property in Poland for Immoeast
Helaba Landesbank Hessen-Thüringen is financing Austria- based Immoeast’s shopping mall in Katowice and two Class A office buildings in Warsaw for approximately EUR 270 mln. Helaba is acting as the sole arranger and lender on the deal, which has a five-year term.
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PropertyEU Archive
Volume of auction lots falls in the UK
The number of commercial properties available for purchase through auction (496 lots) in the UK during the first quarter of 2008 was half the number available in the same period last year, but sales rates have remained strong at 79% as private investors and high net worth individuals (HNWIs) continue ...
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PropertyEU Archive
LaSalle launches EUR 5bn European opportunity fund
LaSalle, the investment arm of Jones Lang LaSalle, has announced the launch of a Continental European closed-end opportunistic fund that will use leverage to create a buying power of EUR 4-5bn.
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PropertyEU Archive
Take-up European data centres soars in Q1
A record 158,000 m[sup]2[/sup] of space was taken up in the European data centre market last year largely due to a strong final quarter. The 2007 figure was 37% higher than the combined totals of 2006 and 2005, generating year-on-year growth of 148%, property adviser CB Richard Ellis said on ...
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PropertyEU Archive
DevSecs sells Kirkby shopping centre
Development Securities has signalled the end of its attempts to carry out the regeneration of Kirkby town centre in Liverpool. In a short statement on Monday, the London-based property company said it had sold its holdings in Kirkby 'at a value which equates to book value and the original cost ...
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PropertyEU Archive
UK to apply premium for energy-effecient buildings, NB says
The commercial real estate sector in the UK is likely to follow the example of the US in applying a premium to the price of energy-efficient buildings, according to NB Environment, a unit of NB Real Estate Group.
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PropertyEU Archive
Netia preleases largest office space in Warsaw's Marynarska Business Park
Leading Polish telecommunication service provider, Netia, has signed a lease contract for over 13,000 m[sup]2[/sup] in Marynarska Business Park developed by Ghelamco in Mokotow, Warsaw. Netia will occupy the entire 13,000 m[sup]2[/sup] tower building which it expects to move into in August/September of this year. Property consultants DTZ represented Netia ...
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PropertyEU Archive
Savills opens first Latin American office in Mexico
Property advisor Savills has opened a new office in Mexico City, its first in Latin America. Savills Mexico will be headed by Javier Kutz Clever and will work closely with Savills' US business, which currently comprises Savills Granite in New York.
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PropertyEU Archive
Dev Secs contracts Skanska to build London property
London-based property company Development Securities has contracted Swedish construction and property giant Skanska to construct an office building at Paddington Central in London. The contract for a 13-storey building at Two Kingdom Street amounts to about £88mln (EUR 110mln).
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PropertyEU Archive
Credit crunch has mixed effect on bank lettings in Europe
Office take-up in the London banking sector fell drastically in the last quarter of 2007, Cushman & Wakefield said on Monday in its latest Banking Letting Activity Update. But the downward spiral was not indicative of the situation in the rest of Europe as take-up remained firm in Paris and ...
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PropertyEU Archive
Deutsche Euroshop sees 2008 revenues rising to at least EUR 110m
German shopping centre investor Deutsche Euroshop said Friday it expects revenues to rise to EUR 110mln to EUR 113mln in 2008 from EUR 95.8mln in 2007, as new shopping centres are opened. Revenues are expected to climb to EUR 119mln, and EUR 121 mln in 2009, the company said at ...
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PropertyEU Archive
Infrastructure investors increasingly eyeing CEE - Ernst & Young
Private infrastructure investors are expected to increasingly turn their attention to emerging markets in Central and Eastern Europe, according to a report released by Ernst & Young on the current environment and future opportunities for private investment in European infrastructure. Entitled 'Bridging the Gap', the report predicts that investors ...
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PropertyEU Archive
Education key to substanability campaign: Multi
Gouda-based retail developer Multi Corporation is planning to launch a Green Academy programme, CEO Glenn Aaronson told PropertyEU WebTV. 'The Green Academy is a new initiative to get local universities throughout Europe involved in the planning and presentation of the principles of sustainability to the public so the public awareness ...
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PropertyEU Archive
DTZ to asset manage Europeum in Bratislava
Property consultancy DTZ has announced that it has expanded its asset management portfolio to include the modern multifunctional Europeum Business Centre in Bratislava.
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PropertyEU Archive
Van den Ende kills off Living City
Dutch millionaire impresario Joop van den Ende has liquidated his stake in the Living City property company because two of its directors are suspects in a real estate fraud investigation.
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PropertyEU Archive
Corestate appoints Daniel Schoch as CFO
German asset manager Corestate said its Swiss unit Corestate Capital Zurich has appointed Daniel Schoch as director and chief financial officer. Schoch will support the further growth of the private equity investment and asset management company by assuming responsibility for accounting, controlling and strategic financial management. In addition, he will ...
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PropertyEU Archive
JJB to close 72 UK stores
UK sports retailer JJB said it plans to close 72 UK stores in a radical restructuring of its property portfolio, including a refit of 40 of its remaining stores. By the end of April, JJB will have closed 65 stores and reopened another seven under the Original Shoe Company brand. ...
