All PropertyEU Archive articles – Page 578
-
PropertyEU ArchivePbb’s pre-tax profit falls to €2m in Q1 on coronavirus
German lender Deutsche Pfandbriefbank said its pre-tax profit plunged to just €2 mln in the first quarter of the year as a result of the coronavirus pandemic.
-
PropertyEU ArchivePrime property prices take ‘5%-10%’ hit in top cities
Prices have fallen by between 5%-10% for prime assets in France and Germany due to the effects of the coronavirus pandemic, according to experienced transaction managers.
-
PropertyEU ArchiveKKR, Round Hill sell 173 resi units in Utrecht to Orange
US private equity firm KKR and Round Hill Capital announced on Wednesday that they have sold a newly-built residential scheme with 173 apartments in Utrecht, the Netherlands, to Orange Capital Partners. Financial details were not disclosed.
-
PropertyEU ArchiveCovid-19 forces Credit Suisse to pause deal, with proptech unable to help
The impact which lockdown measures against Covid-19 are having upon transactions has been revealed by Credit Suisse’s global head of real estate.
-
PropertyEU ArchiveRegional real estate industry bodies sign global alliance
INREV, ANREV and NCREIF have signed a global alliance memorandum of understanding (MoU) to advance the global agenda of transparency, accessibility and professionalism and increase harmonisation across the non-listed real estate industry.
-
PropertyEU ArchiveQuintain appoints new CFO
UK property firm Quintain has announced the appointment of Philip Slavin as chief financial officer (CFO).
-
PropertyEU ArchiveCanada’s Dream hires Idnani for new private real estate arm
Canadian real estate group Dream has announced the launch of Dream Equity Partners, an asset management business for private real estate clients, and the hire of Rahul Idnani as president of the new platform.
-
PropertyEU ArchiveInovalis REIT finalises sale of major Paris asset
Canada’s Inovalis REIT said this week that it has completed the sale of the Rueil office scheme located in the Rueil Malmaison business district in Paris, to a joint venture between Saudi Arabia’s Sedco and fund manager Inovalis.
-
PropertyEU ArchiveIntu completes sale of Puerto Venecia to Generali and Union Investment
Troubled UK shopping centre specialist Intu and joint venture partner, Canadian group CPPIB, have completed the sale of the Puerto Venecia shopping centre in Zaragoza, Spain for €475 mln.
-
PropertyEU ArchiveDemand for self-storage space in the UK remains robust
Demand for self-storage space in the UK remained solid in 2019 and the sector is well-placed to deal with the impact of Covid-19, according to new research into the sector’s major operator and customer trends from Cushman & Wakefield and the Self Storage Association UK.
-
PropertyEU ArchiveVerdion acquires first Dutch asset with €17m last-mile buy
European logistics property specialist Verdion has acquired its first asset in the Netherlands as part of a €300 mln investment programme focused on last-mile opportunities in Northern Europe.
-
PropertyEU ArchiveGerman NPLs set for Covid-19 'spike'
The coronavirus pandemic is expected to drive up non-performing loan (NPL) numbers this year, according to new research from Germany's federal association of loan purchasers and servicers (BKS).
-
PropertyEU ArchiveLandsec results reveal UK offices 'resilient', but tough times ahead
UK REIT Landsec's full results for the year ending 31 March flag a difficult year for the firm, although management commentary suggests that even worse is yet to come.
-
PropertyEU ArchiveKanAm shops in Edinburgh for strategic office asset
German fund manager KanAm Grund Group has acquired an office building in Edinburgh, Scotland, from Scottish developer the Knight Property Group.
-
PropertyEU ArchiveSusanne Bonfig leaves Commerz Real
German investor Commerz Real has announced Susanne Bonfig, its head of digital asset management, is to leave the company by mutual consent.
-
PropertyEU ArchiveItaly brings forward end of full lockdown by two weeks
Italy's government is preparing to greenlight the reopening of bars, restaurants, hair salons and beaches two weeks ahead of schedule after encouraging statistics emerged regarding the Covid-19 crisis.
-
PropertyEU Archive'Vaue-add out, core property in' - Corestate
European property investment manager Corestate Capital has reported rising investor demand for core and core+ properties across the board, at the increasing expense of value-add assets.
-
PropertyEU ArchiveFlexible office demand softens, but prospects stronger mid-term - research
Take-up of flexible offices has slowed considerably across Europe in the light of the coronavirus pandemic, but the same crisis should bring a boost to the sector in the medium term, according to new research from Savills.
-
PropertyEU ArchiveDeutsche Konsum picks up suburban retail scheme in Magdeburg
German retail REIT Deutsche Konsum has bought a neighbourhood shopping centre in Magdeburg, Germany from independent asset management firm IC Immobilien Gruppe.
-
PropertyEU ArchivePrimary Health acquires 20 UK medical centres for €54m
UK healthcare real estate investor Primary Health Properties (PHP) has acquired a portfolio of 20 purpose-built medical centres, located across England and Wales, for £47.1 mln (€54 mln), before costs.
