Latest reports – Page 3540
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PropertyEU Archive
Savills well poised for 'challenging year'
UK property agents Savills said on Wednesday that 2008 will be a challenging year for the property industry worldwide although not all areas and sectors will be affected equally. 'The outlook for our UK and US commercial capital markets businesses depends on how quickly confidence returns to the financial markets,' ...
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PropertyEU Archive
ING fund buys Madrid mall for EUR 130m
ING Retail Property Partnership Southern Europe Fund (RPPSE) has acquired Alcala Magna, a 34,000 m[sup]2[/sup] shopping centre in Madrid, for EUR 130 mln. The two-level urban shopping centre, previously owned by ING Real Estate’s Development division, has been fully let since its opening last October. It also boasts 1,200 car ...
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PropertyEU Archive
Portugal to double its retail stock in the next four years
The retail market will continue to outperform in Portugal according to Luis Antunes, head of C&W Capital Markets in Portugal. A total of 4.6 million m[sup]2[/sup] of retail stock is set to come to the market within the next three to four years, Antunes said. This compares to a current ...
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PropertyEU Archive
CBRE upbeat on 2008, rental growth will drive investment
Real estate adviser CB Richard Ellis is cautiously optimistic on the investment outlook for the European property sector in 2008. Speaking at a presentation at MIPIM, CBRE’s head of EMEA research Nick Axford pointed to the fact that despite the overall dip in the fourth quarter of 2007, investment levels ...
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PropertyEU Archive
Realkapital, C&W launch EUR 200m CEE residential fund
Equity fund manager RealKapital teamed up with property adviser Cushman & Wakefield's residential arm for the launch of a new CEE Residential Fund at this year's MIPIM trade fair in Cannes. Realkapital said it is launching the fund in response to the strong demand driving an overhaul of the existing ...
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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
New investors go for fund of funds, says INREV
The fund of funds sector is opening up the non-listed property funds market to new investors, according to new research by the non-listed real estate investor association INREV.
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PropertyEU Archive
JLL predicts UK investment to fall as much as 40%
UK investment turnover is set to drop by as much as 40% in 2008, creating real opportunities in the market, Jones Land LaSalle said at a presentation at MIPIM. This compares with a predicted 25% drop for Europe as a whole - a EUR 60 bn decrease on the total ...
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PropertyEU Archive
E&Y: German prime property prices to remain stable
The prices for premium properties in Germany are set to remain stable this year, Hartmut Frund, CEO of Ernst & Young RE Germany told PropertyEU TV at MIPIM.
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PropertyEU Archive
Industrial real estate braced for slowdown
Industrial real estate markets are braced for a global slowdown as the economy decelerates, according to a new report from Colliers International. But while the slowdown has the potential to cause a decline in leasing and letting in warehouse markets, most markets are predicting stable if not rising rents over ...
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PropertyEU Archive
Dubai clinches Colonial deal
The Investment Corporation of Dubai (ICD) has brokered a deal with Colonial's shareholders to give the sovereign wealth fund a majority stake in the troubled Spanish property company. In a statement sent to the Spanish securities watchdog (CMNV) on Tuesday evening, ICD said that it is acquiring a 50.4% stake ...
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PropertyEU Archive
Moscow and Istanbul top investment markets: ULI
Moscow and Istanbul ranked first and second as this year's top real estate markets in Europe for both investment and development prospects, according to Emerging Trends in Real Estate® Europe 2008, a real estate forecast released at the MIPIM real estate fair in Cannes by the Urban Land Institute (ULI) ...
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PropertyEU Archive
UK's Pradera acquires Liguria shopping mall
UK real estate fund manager Pradera has snapped up La Fabbrica shopping centre in Santo Stefano di Magra in Italy's Liguria region for about EUR 50 mln. The mall, which opened in October last year, was bought from the Italian supermarket chain Conad del Tirreno. The property consists of 37 ...
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PropertyEU Archive
Pirelli RE fund sells Milan office block
Pirelli RE Opportunities-managed Patrimonio Uffici fund has sold a building in Milan, northern Italy, to an unnamed institutional investor for some €100 mln. The transaction volume represents an increase of 17% on the property's book value, Pirelli RE said in a statement on Tuesday.
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PropertyEU Archive
Warburg Henderson buys Milan office block
Warburg Henderson, a joint venture between Henderson Global Investor and German bank Warburg, has acquired two offices totalling 14,000 m[sup]2[/sup] of leasable space in Milan for EUR 45 mln. The properties have been purchased from Italian group Cividini and are leased to Italian bank Banca Nazionale del Lavoro (BNL).
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PropertyEU Archive
Aberdeen to increase L'Etoile stake to 51%
Aberdeen Property Investors (API) is to strengthen its ownership of Paris-based L'Etoile Properties to 51% as part of a broad European expansion.
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PropertyEU Archive
Sharia funds set to continue growth: HDG Mansur
Property fund manager HDG Mansur expects the high levels of growth in Sharia-compliant funds to continue in the coming years, CEO Harold Garrison told PropertyEU TV in an interview at MIPIM. 'We've seen growth in excess of 200% to 300% and we think it's likely this will continue in the ...
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PropertyEU Archive
Property firms urged to focus on active management
Both REITs and listed property firms will have to create value by focusing on active asset management if they are to close the widening gap between share prices and net asset values, a conference at the MIPIM trade fair was told yesterday.
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PropertyEU Archive
TMW Pramerica buys Paris’ Tour Gallieni for €100m
TMW Pramerica has acquired the Tour Gallieni project near Paris for its TMW Immobilien Weltfonds for about € 100 mln. The development, located in the town of Bagnolet, about seven km northwest of Paris, will provide a total 26,000 m[sup]2[/sup] of accommodation and 508 parking spaces. It is due for ...
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PropertyEU Archive
Benchmarking essential for unlisted fund managers: INREV
Benchmarking is the way forward for unlisted fund managers, and this will require much more transparency that we have now, INREV chairman Johan van der Ende told PropertyTV in an interview at the MIPIM trade fair.
