Latest reports – Page 3539
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PropertyEU Archive
Evans Randall distressed asset fund eyes Europe
Evans Randall's distressed retail asset fund is currently focused on the UK, but could very well be increasing its exposure to continental Europe later this year, CEO Michael Evans told PropertyEU TV at MIPIM.
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PropertyEU Archive
Commercial real estate booms in Germany
Total commercial real estate volumes in Germany will probably reach EUR 70-75 bn this year despite the credit crunch, as demand among institutional investors for German portfolios remains strong, property investment group Estavis estimates. Estavis released an upbeat edition of its investment barometer for Germany to coincide with the MIPIM ...
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PropertyEU Archive
Spazio makes acquisitions, signs sales deals
Spazio Investment, a real estate investment company focused on the Italian industrial property market, said on Thursday it had made two acquisitions worth a total of EUR 32 mln. The average gross initial yield of the transaction is 8.1%. The fund also said it has signed two binding sale agreements ...
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PropertyEU Archive
DTZ: Fed measures could lead to new 'bubble'
The Federal Reserve's aggressive policy of interest rate cuts to stave off a recession in the US runs the risk of creating a new 'bubble', a leading market commentator has warned.
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PropertyEU Archive
Henderson outlet fund targets EUR 1.5bn, eyes UK market
Henderson Global Investment expects to attract total investment of EUR 1.5 bn for its Outlet Mall Fund over the next 18 to 24 months, head of investment Mike Sales, told PropertyEU TV at MIPIM.
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PropertyEU Archive
Global Housing Foundation moves into Eastern Europe
The Global Housing Foundation, a non-profit organisation with United Nations accreditation, is extending its $250 mln (EUR 162 mln) programme of providing affordable housing to slum dwellers to cover Eastern Europe, Latin America and Africa as well as Central America.
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PropertyEU Archive
MiNC to raise EUR 130m for Dubai, UK investment
London and Dubai-based management firm MiNC Property Enterprises said at MIPIM it plans to raise up to £100m (EUR 130 mln) in equity across Europe, Turkey, Russia, and South Africa. The equity will be used to fund investment in London and Dubai hotels and residential properties.
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PropertyEU Archive
UK regions stable, London stabilising, says Savills
While the London real estate has seen the biggest value correction since the 1990s, the rest of the UK market has been 'pretty stable', Mark Ridley, the newly appointed CEO of UK commercial property at Savills said in an interview with PropertyEU at MIPIM.
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PropertyEU Archive
Britain closes Sharia stamp duty loophole
Britain's finance minister Alistair Darling has closed a loophole in Sharia finance rules that allow commercial property investors to avoid paying stamp duty on more than EUR 1.3 bn of property deals in Britain, the Times reported on Thursday. The changes are part of the minister's 2008 budget plans published ...
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PropertyEU Archive
Office shortage could cost Edinburgh dear
There is a serious lack of suitable office space for small and medium-sized firms in the Scottish capital Edinburgh, according to research by consultancy DTZ.
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PropertyEU Archive
Global hotel transactions soar on mega deals
The number of global hotel transactions soared 56% in 2007, making it the fifth consecutive year of record growth, according to the latest Hotel Investment Outlook published by Jones Lang LaSalle.
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PropertyEU Archive
Sponda secures EUR 200m financing to fund Russian expansion
Sponda said has signed financing agreements with banks for a total €200m to fund its strategic expansion in Russia. The Finnish property company has agreed a seven-year, EUR 150 mln credit facility with Danske Bank and is getting a further EUR 50 mln in financing from Ilmarinen Mutual Pension Insurance ...
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PropertyEU Archive
Dawnay, Day Sirius acquires two business parks
Dawnay, Day Sirius (DDS) has announced the acquisition of two freehold business parks for a total of EUR 37m. AIM-listed DDS, established to acquire commercial property in Germany, said the parks are located in Offenbach and North Berlin. 'These acquisitions are in line with our strategy, providing us with ...
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PropertyEU Archive
Immoeast eyes Ukraine and Russia
Vienna-based Immoeast is to increase its activity in Ukraine and invest in Russia to a lesser extent. Karl Petrikovics, CEO of the largest listed property company in Austria, told PropertyTV at MIPIM IN Cannes that Immoeast, which to date has focused on Central and Eastern Europe, may also step up ...
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PropertyEU Archive
Ablon acquires land for Gdansk luxury homes
CEE developer and real estate owner Ablon has completed the acquisition of a 88,000 m[sup]2[/sup] plot in the Polish port city of Gdansk for the development of a three-storey luxury residential complex on the site of a marina. The total cost of the project is put at EUR 95 mln ...
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PropertyEU Archive
ING wins fifth regeneration project
ING Real Estate has won a EUR 200 mln contract to redevelop Maidenhead town centre in the UK, including some 30,000 m[sup]2[/sup] of retail space, 1,250 car parking spaces and 7,000 m[sup]2[/sup] of office accommodation.
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PropertyEU Archive
Russia is 'biggest growth opportunity'
Russia is not immune to the ‘debt squeeze’ but is the most dynamic real estate market in Europe, according to Jones Lang LaSalle. 'We really do see Russia as a very strong growth market,' said Mark Jagger, managing director of Jones Lang LaSalle in Russia.
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PropertyEU Archive
Italy's property market to slow down in 2009, says C&W
Italy’s real estate market is likely to slow down next year due to a combination of the global credit crunch and an increase in real estate taxes, according to Cushman & Wakefield head of Rome office Joaquim Sandberg.
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PropertyEU Archive
Tchenguiz in A$1.13 bn bid for Australia's CIF
Property tycoon Vincent Tchenguiz has made a A$1.13 bn (EUR 677 mln) unsolicited bid for Australia's Challenger Infrastructure fund (CIF). The A$3.50 (EUR 2.09) per share offer, unveiled by Tchenguiz on Tuesday, is being made through Australian investment vehicle Arkmile, a subsidiary of Tchneguiz's Consensus Business Group. CIF’s share price ...
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PropertyEU Archive
'German vendors underestimate credit crunch'
German property vendors are wrong in thinking they will soon be able to demand the high prices that were prevalent in the 18 months prior to the onset of the credit crisis, says Andreas Krone, CEO of Apollo Real Estate.
