All PropertyEU Archive articles – Page 135
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PropertyEU ArchiveGermany reaches new high for residential order cancellations
The number of canceled residential construction projects in Germany is rising, with 22.2% of companies reporting cancellations in October, up from 21.4% in September.
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PropertyEU ArchiveLogicor expands in Rheine, starts new development in Rome
Pan-European logistics property group Logicor is expanding its presence in Rheine, Germany, with two new projects.
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PropertyEU ArchiveMLP Group kicks off first logistics project in Vienna
European logistics real estate developer MLP Group has begun construction on its first project in Vienna, Austria.
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PropertyEU ArchiveBlackstone wins €1.5b refinancing for Spanish arm Testa
US asset management giant Blackstone is understood to have secured a massive €1.5 bn refinancing for its Spanish residential property investment arm Testa.
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PropertyEU ArchiveIngka to close Brighton shopping centre acquisition at 11% yield
Ingka Centres, part of Ikea, is about to close its acquisition of Churchill Square shopping centre in Brighton for approximately £145 mln, some £30 mln below the price mooted earlier this year.
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PropertyEU ArchiveRE Capital wins go-ahead for €110m regeneration scheme in Lisbon
Property company RE Capital has obtained planning permission for its €110 mln GDV, 130-home Marvila I Project in Lisbon.
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PropertyEU ArchiveBrent Cross Town secures €111.7m green loan from LaSalle
Related Argent and joint venture partner Invesco Real Estate have appointed the main contractor and secured the debt finance for the development of Brent Cross Town’s second Build-to-Rent (BTR) building, enabling construction of 286 new homes.
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PropertyEU ArchiveGet Living wins €172m refinancing with PGIM for major Stratford project
UK BTR operator Get Living has finalised a £150 mln (€172 mln) refinancing of Portlands Place in Stratford, UK.
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PropertyEU ArchivePrivate debt funds deliver 2nd weakest year of loan origination since Brexit
New loan origination fell 22% in the first half of 2023 compared with the same period a year earlier, as steep interest rate rises and property value decline take their toll, according to the latest Commercial Real Estate Lending report led by Dr Nicole Lux, senior research fellow at Bayes ...
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PropertyEU ArchiveShurgard launches €300m capital increase to fund growth
European self-storage property specialist Shurgard has announced the launch of a share capital increase in cash for an amount of €300 mln.
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PropertyEU ArchiveCovivio and AccorInvest ready €470m hotel asset swap
Covivio's hotel arm has entered into exclusive negotiations with AccorInvest to consolidate their jointly held hotel properties and operations in a €470 mln deal.
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PropertyEU ArchiveEuropean office occupancy levels climb to 57% - Savills
Average office occupancy rates across eight major European markets have risen in the last six months from 55% to 57%, according to new research from Savills.
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PropertyEU ArchiveBirchwood expands debt origination team with new hire
Birchwood Real Estate Capital, a real estate lending business founded in 2022 by former Blackstone, L&G and Delancey executive Lorna Brown, has further expanded its debt origination team with the hire of Libby Thelwall as director.
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PropertyEU ArchiveDivergence in rising European resi rents and falling house prices widens – Catella
The growing divergence between rising residential rents on huge unmet demand for homes and falling property values is continuing to widen in Europe’s €1.6 trl housing markets.
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PropertyEU ArchiveUK’s Picton, UK Commercial Property REIT in €2.3b merger talks
Picton, a UK diversified property company that was first launched on the London Stock Exchange in 2005 as ING UK Real Estate Income Trust, might be about to merge, adding around £1.27 bn (€1.46 bn) to its £766 mln of assets if successful.
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PropertyEU ArchiveOutlet centres: nearly 600 additional brands have appeared since July 2022
Retail outlet centres have seen a significant leap in retail and leisure brand growth in the past year, according to a newly-released industry report.
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PropertyEU ArchiveSimon’s €750m bond issuance drives speculation over its ownership plans for Klépierre and Value Retail
On Tuesday, Simon Property Group announced a €750 mln 3-year unsecured bond issuance exchangeable into existing ordinary shares in Klépierre, the second largest shopping centre owner in Europe with around €17 bn of assets.
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PropertyEU Archive
PwC, ULI: current valuations ‘do not accurately reflect’ situation
An influential annual report published by the Urban Land Institute (ULI) has said that 75% of real estate leaders agree current valuations ‘do not accurately reflect’ all the challenges and opportunities in real estate, as a wedge continues to be driven between market price expectations and book valuations.
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PropertyEU ArchiveQue sera, sera: CBRE buys advisory firm, looks to the future
In November 2021, the leader of what was then described as a ‘challenger’ advisory firm sat down with PropertyEU to explain the background to Sera Global. Fast forward exactly two years, and now CBRE owns it.
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PropertyEU Archive‘Weak’ real estate market sees Pbb’s bad loan provisions almost treble
Pbb, the listed German pfandbriefbank, has significantly increased risk provisioning in its loan book and slashed its 2023 profit forecast.
