Latest reports – Page 3570
-
PropertyEU Archive
Siemens to sell off real estate
Consumer technology and engineering group Siemens is to sell off some of its real estate holdings and technology subsidiaries to generate cash for expansion, the company said at a presentation for investors in New York.
-
PropertyEU Archive
Chagala signs Kashagan oil field deal
Kazakh real estate developer Chagala Group has reached a deal with the Kazmunaigas and Eni consortium to develop the Kashagan oil fields in northern part of the Caspian Sea.
-
PropertyEU Archive
Non-listed property funds fees steady
Management fee levels for non-listed property funds have not risen significantly over the past five years despite a tighter market, according to a new research report from INREV. The study looked at 160 non-listed European property funds with gross asset value of EUR 82.2 bn.
-
PropertyEU Archive
Conwert hits out at annonymous criminal complaint
Vienna-listed property company Conwert Immobilien Invest SE has said it decisively rejects a criminal complaint of fraud filed by a German attorney on behalf of an anonymous client with the prosecutor in Munich. Noting that the complaint was reported in the media, Conwert said the matter had not been forwarded ...
-
PropertyEU Archive
Sjælso Gruppen decides on share buyback
The board of Danish listed property company Sjælso Gruppen said this week it had approved a share buyback to boost shareholder value. The company is planning a share buyback and distribution programme up to DKK 300 mln (EUR 40 mln), approximately 10% of Sjælso Gruppen's market capitalisation.
-
PropertyEU Archive
Commerz Real sells Lyon complex
Commerz Real has sold the Le Danica office complex in Lyon, France to Zublin Immobiliere for just under EUR 50 mln. Commerz, which bought Le Danica in 2003, says it will use the proceeds for further purchases. The complex, which is fully let, has 15,500 m[sup]2[/sup] of letting space and ...
-
PropertyEU Archive
Hypo Real Estate may face damages claim after subprime surprise
Hypo Real Estate bank is facing the possibility of damages claims from shareholders after it shocked the market with unexpected news of significant losses caused by the subprime mortgage crisis in the US.
-
PropertyEU Archive
Bouwfonds acquires UK car parks
Dutch asset management group Bouwfonds has acquired four UK car parks for a total transaction value of over EUR 80 mln. The acquisitions, three in Croydon and one in central London, bring the total value of Bouwfonds real estate parking fund to EUR 135 mln. The portfolio comprises 12 parking ...
-
PropertyEU Archive
UK commercial property index books record fall
Total returns on the IPD UK monthly index fell by 3.7% in December, compared with November, the largest drop on record. Capital values were down 4.2% month on month, the real estate measurement company said.
-
PropertyEU Archive
Hypo provides EUR 43m financing for Sicilian resort
Hypo Real Estate Bank International has provided a EUR 43 mln acquisition and investment facility to Mermont Italy and Ability Real Estate. The transaction was completed on 20 December 2007 in connection with the acquisition of the Club Med Resort in Kamarina, Sicily.
-
PropertyEU Archive
Reech AiM's Iceberg fund outperforms Epra UK index by 61%
Derivatives specialist fund manager Reech AiM said on Tuesday that its maiden European property hedge fund, the Iceberg Alternative Real Estate fund, booked a return of 2.87% in December 2007. The company said this took the fund's total return, net of fees and expenses, to 24.51% since its inception in ...
-
PropertyEU Archive
Colliers opens new office in Split, Croatia
UK property consultant Colliers International said on Tuesday it had opened a new office in Split, its third in Croatia after Zagreb and Dubrovnik.
-
PropertyEU Archive
Credit crunch to last 6 months, say 64% of UK lending institutions
No less than 64% of the UK's top lending institutions are predicting that the current credit crunch will last for six months, with over 35% saying it will last for at least a year, according to a survey by UK consultancy firm GVA Grimley. The Bank Lending Survey, carried out ...
-
PropertyEU Archive
IVG has warchest of over EUR 1.3 bn
German property giant IVG has readily available liquidity and unused credit lines of over EUR 1.3 bn, company directors Wolfhard Leichnitz and Bernd Kottmann informed shareholders in a letter last week, according to trade journal Immobilien Zeitung. The two executives are also counting on proceeds of over EUR 1 bn ...
-
PropertyEU Archive
Central London investment hits record EUR 25 bn in 2007 - C&W
Property adviser Cushman & Wakefield said on Tuesday that the Central London property market saw a record GBP 18.7 bn (EUR 24.7 bn) in investment in 2007, well up on the £14.5 bn registered the previous year. This was a despite a sharp drop in investment in the fourth quarter, ...
-
PropertyEU Archive
Skanska signs up Deloitte for Warsaw Atrium project
Swedish construction firm and developer Skanska said its Polish unit had signed up consultancy firm Deloitte as the anchor tenant for its Warsaw office project Atrium City. Deloitte will move into the new building, to be called Deloitte House, in May 2009.
-
PropertyEU Archive
GE RE buys office building in Wroclaw, Poland
GE Real Estate Central & Eastern Europe said on Tuesday it had acquired a 16,263 m[sup]2[/sup] office building in Wroclaw, Poland, from Archicom Projekt 7. The deal is GE RE’s first acquisition in one of Poland’s regional cities. The firm said the transaction was 100% equity financed.
-
PropertyEU Archive
European private equity RE funds raise EUR 13.8 bn in 2007
European private equity real estate funds raised a total of $20.6 bn (EUR 13.8 bn ) in 2007, according to the latest figures from Preqin Real Estate Online.
-
PropertyEU Archive
UK corporates expect to expand property portfolios
Some 43% of UK occupiers of commercial property expect to increase their property portfolios in the next six months, despite signs of an economic slowdown, according to the CBI/GVA Grimley Corporate Real Estate Survey conducted in October and November 2007. The twice-yearly survey revealed that 22% of corporates expect to ...
-
News
PGGM extends US apartments
UNITED STATES - PGGM has decided to expand its investment in US residential property with Behringer Harvard by as much as an additional $200m (€136.3m).
