Latest reports – Page 3619
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PropertyEU Archive
Corio adds to Turkish holdings
Corio has announced it is purchasing the Tekira shopping centre in the Western Turkish city of Tekirdag. The Amsterdam and Paris-listed retail property company said on Monday it had signed a forward purchase agreement to acquire Tekira on a let turnkey basis, with the total investment determined by the letting ...
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PropertyEU Archive
Trio invest EUR 231m in new Swedish fund
ABP of the Netherlands, the world's third largest pension fund has teamed up with ATP, the largest pension fund in Denmark, and an affiliate of GIC Real Estate, the real estate investment arm of the Government of Singapore Investment Corporation, to commit around SEK 700 mln (EUR 77 mln) each ...
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PropertyEU Archive
Evans Randall buys 'Covent Garden' for EUR 272m
London-based private equity investor Evans Randall has acquired the Covent Garden office development in Brussels for EUR 272 mln in what the company says is the biggest single asset transaction in the city so far this year. The 72,000 m[sup]2[/sup] development comprises two buildings linked by a central atrium. ...
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PropertyEU Archive
Mirland mulls bond issue
Mirland Development Corporation, a developer of residential and commercial property in Russia, has filed a draft prospectus with the Israeli Securities Authority as a preliminary step towards a possible bond issuance. The company indicated in a short statement that the details of the possible issuance had not yet been worked ...
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PropertyEU Archive
Nordic investors to double investments in Germany
Investors from the Nordic countries are expected to spend some EUR 4 bn on German property in 2007, almost double the amount invested in 2006, property magazine Immobilien Zeiitung reported on Monday, quoting leading Swedish law firm Mannheimer Swartling. Earlier this year, the firm put investment volumes for this year ...
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PropertyEU Archive
CBRE Investors acquire new office development in Paris
CB Richard Ellis Strategic Partners Europe Fund III has acquired a ground-up office development project in Marne la Vallee, to the east of Paris, for an undisclosed sum. The project, located in Noisy-le-Grand, was acquired from Les Nouveaux Constructeurs, and will be delivered by the end of 2009. The building ...
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PropertyEU Archive
Retail sees increasing investment volumes
There is no measureable impact from the credit crunch on the retail investment sector in Europe, according to Thomas Beyerle of Degi. Speaking to PropertyEU, Beyerle noted that speakers at a retail session on the second day of the EXPO REAL property fair in Munich spoke about increasing volumes in ...
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PropertyEU Archive
RBS set to sell EUR 1.3bn of UK property assets
The Royal Bank of Scotland is set to sell some £900 mln (EUR 1.3 bn) in property assets in the UK to help finance its takeover of Dutch lender ABN Amro Holdings, the Financial Times reported.
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PropertyEU Archive
ING: bulk of new development in Romania does not fit the bill
Romania is currently witnessing a high level of property development, but many of these new schemes do not match the needs of an investor like ING with a long-term investment prospective, according to Gijs Klomp of ING Real Estate. Commenting on the official opening of ING RE's office in Bucharest ...
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PropertyEU Archive
Credit crunch to slow Australian advance
The turmoil in the financial markets will likely slow the recent flurry of merger and acquisitions of European property companies by Australian investors, according to Alistair Meadows, head of capital markets in Australia for broker DTZ. Up into a few years ago, the focus of the Australian activity in Europe ...
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PropertyEU Archive
JLL's Irish property index reports 2.9% growth in Q3
Property consultancy Jones Lang LaSalle reported steady growth for overall returns from Irish commercial property in the third quarter, with a 2.9% rise in the three-month period and a 14% rise in the year to end-September.
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PropertyEU Archive
Qualified RICS members earn more, European survey shows
Qualified members of the Royal Institution of Chartered Surveyers earn between 8% to 35% more than non-chartered property-professionals, according to the first RICS and Macdonald & Company European Salary & Benefits Survey.
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PropertyEU Archive
Prologis to develop two new sites in Germany
Prologis is to develop a distribution centre for Van Eupen Logistik, a German logistics company. The announcement follows news earlier last week that Prologis is to build a new industrial warehouse in Hamburg for Jack Wolfskin, the European outdoor retailer.
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PropertyEU Archive
European property sector calls for EU REIT legislative framework
The European property industry has pulled together to seek the creation of a legislative framework for an EU REIT that can provide Europeans with the most efficient, innovative and wealth creating property market in the world.
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PropertyEU Archive
Catalyst Capital sees new opportunities in secondary market
With many large institutional investors shifting their strategies to core products in prime markets in the wake of the credit crisis, the benefits of pursuing a secondary market investment strategy in Europe are growing, according to Peter Kasch, managing partner with Catalyst Capital. 'Yields are not only higher, but there ...
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PropertyEU Archive
Mixed reviews for UK REITs
Responding to the British Chancellor's pre-budget report (PRB), the education and awareness campaign for Real estate investment trusts (REITs), Reita, has urged the UK government to move on the issues of Residential REITs and the REITs listing rules.
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PropertyEU Archive
Jordanian firm sees Messe Munchen as potential partner
Jordanian-based redevelopment company Mawared International has confirmed to PropertyEU that Messe Munchen, the organiser of the EXPO REAL property fair in Munich, would be a potential consultant partner in the establishment of a world-class conference centre in Amman. Mawared's chairman Akram Abu Hamdan said he was very impressed with the ...
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PropertyEU Archive
Hotel REITs still long way off
Given the highly debated issue of real estate investment trusts (REITs) in Germany the appearance of a Hotel REIT is unlikely to occur any time soon. This was the consensus among the participants at EXPO REAL's discussion on 'Investment vehicles for hotel real estate: When will we see the first ...
