Latest reports – Page 3643
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PropertyEU Archive
European lenders play down impact of global credit crisis
Dedicated providers of the cross-border financing that has helped drive the European property investment boom in recent years say that the level of loans may slow in the second half of the year, but there is no question of the lending tap being turned off completely - barring further seismic ...
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PropertyEU Archive
Bank of England holds interest rates at 5.75%
The Bank of England on Thursday left interest rates on hold at 5.75%, after five consecutive rises in a year. The decision by the Bank reflects a positive situation with inflation falling to 1.9%, below the government's 2% target for the first time in one and a half years. The ...
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PropertyEU Archive
Klepierre confims EUR 1 bn 2007 investment target
French property firm Klepierre on Thursday confirmed its EUR 1 bn investment target for the full-year 2007. In a statement, Klepierre said as part of this plan it had opened its 240th shopping centre, the Champ de Mars in the French city of Angouleme. The 15,500 m[sup]2[/sup] shopping centre was ...
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PropertyEU Archive
Corio, IVG still believe in Europe
Jan de Kreij, CEO of listed retail investor Corio, sees no need to invest in China to grow his company further. 'There is still plenty to do in Turkey and Italy,' he said, pointing to opportunities for rental growth in these countries. But the days of easy profits in Europe ...
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PropertyEU Archive
Raven Russia poised to enter Ukraine
AIM-listed Raven Russia said it is planning to enter Ukraine with the development of a 20-hectare logistics park in Kiev, Ukraine. The Russian investment company said during the presentation of its half-year results on Wednesday that it will seek shareholders' approval for the development.
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PropertyEU Archive
Norgani acquires Swedish hotel
Nordic hotel group Norgani is acquiring the Radisson SAS Hotel in Linkoping, Sweden for Skr 103.3 mln (EUR 11 mln). The property consists of a hotel with 91 rooms and conference and banqueting facilities, a restaurant and four shops.
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PropertyEU Archive
Liffe launches real estate futures
Liffe, the derivatives business of Euronext, on Thursday announced plans to launch two futures contracts on indices that track the performance of European real estate companies. The new derivatives will be launched on 1 October.
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PropertyEU Archive
Fidelity International launches EMEA fund
Fidelity International said it had launched the Emerging Europe, Middle East and Africa fund, which will invest in between 50 and 70 companies with operations in the EMEA region. The fund will be benchmarked against the MSCI Emerging Markets EMEA Index, but will not be limited to the countries covered ...
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PropertyEU Archive
Prologis unveils four new funds
Prologis has formed four new property funds that will invest in distribution centres in Europe, the US, Mexico and South Korea. The new funds will have a combined capacity of over $14 bn (EUR 10 bn) and will serve as exclusive
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PropertyEU Archive
Fortis acquires office space in France
Fortis Private Real Estate has acquired La Petra, a 14,000 m[sup]2[/sup] office building in Ivry-sur-Seine, near Paris, from the Brémond group. The value of the transaction has not yet been released. Delivery is planned for 2009.
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PropertyEU Archive
Orco fund acquires office centre in Budapest
The Endurance Office and Retail Fund has acquired the Arena Corner Office Centre in Budapest for EUR 63 mln. The fund, which is managed by Orco Property Group, bought the building from developer Raiffeisen Ingatlan Zrt in July, Orco said in a statement on Wednesday.
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PropertyEU Archive
AXA REIM raises over EUR 1 bn in four funds
AXA Real Estate Investment Managers (AXA REIM) has raised over EUR 1 bn with the closings of four of its funds, providing a total buying capacity of over EUR 2.5 bn. The funds attracted over 40 new or existing institutional investors based in the UK, Ireland, France, Spain, Scandinavia, Italy, ...
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PropertyEU Archive
Aurelis
German real estate firm Aurelis is to develop four office buildings in the centre of Nuremburg.
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PropertyEU Archive
Epra forms global coalition for accounting rules
The European Public Real Estate Association (EPRA) has teamed up with its international counterparts to influence proposals for uniform accounting standards currently being drawn up by the US Financial Accounting Standards Board (FASB) and the London-based International Accounting Standards Boards (IASB). 'The project has profound implications for the listed real ...
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PropertyEU Archive
Tishman Speyer starts development of Opera Tower in Frankfurt
Construction began this week on the 168-metre OpernTurm (Opera Tower) in Frankfurt. US real estate giant Tishman Speyer, which bought the site in 2004, has contracted Stuttgart-based Ed. Züblin to develop the 44-storey skyscraper. The Opera Tower will provide some 60,000 m[sup]2[/sup] of lettable space when completed in 2009 and ...
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PropertyEU Archive
CMBS issue in Europe collapses to EUR 1.5 bn
Royal Bank of Scotland estimates that the issue of commercial mortgage-backed securities (CMBS) in Europe decreased drastically to just EUR 1.5 bn in July from EUR 14.6 bn a month earlier, the Financial Times reported on Wednesday. This compares with some EUR 11.3 bn in the same period a year ...
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PropertyEU Archive
Starbucks enters Russia
Starbucks is to open its first store in Russia on Thursday at the Mega Khimki mall in Moscow. A second outlet will open in the city by the end of the year. The move is part of the American coffee chain's international expansion which is targetting five countries. The US ...
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PropertyEU Archive
Atisreal advised on major Place Vendome deal
Global advisory firm Atisreal said it acted as advisor on the acquisition by Irish private investor Sloane of the Place Vendome building in Paris for EUR 640 mln. The trophy asset was bought from Hammerson and AXA Reim. The transaction reflected a net yield of 3.5%. The historical building in ...
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PropertyEU Archive
Dutch retailer V&D opens new store in November
Dutch retailer V&D will open its 61st store in November. The new store in Doetinchem will have 6,000 m[sup]2[/sup] of sales floor and replace Huls, one of the country’s last privately owned department stores. V&D is part of Maxeda, a privately-held retail group headquartered in Amsterdam.
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PropertyEU Archive
Sanchez Ramade increases stake in Realia
Group Sanchez Ramade has acquired 5% of Spanish real estate company Realia for EUR 90 mln. Following the purchase this week, the group has become the second-largest shareholder in Realia after Caja Madrid and developer Fomento de Construcciones y Contratas (FCC). Sanchez Ramade offered EUR 6.3 per share. The purchase ...
