All Real Assets articles in Web Issue – Page 316
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PropertyEU Archive
Spanish property debts hit banks
Up to a third of the loans to Spanish property developers could go bad before the end of the financial crisis, according to a report in the Financial Times. At the end of June, total bank credit for Spanish property developers reached a new peak of EUR 313 bn while ...
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PropertyEU Archive
Reinmann joins Segro board
Segro, the UK real estate investment trust (REIT), has announced that Ines Reinmann, who heads the firm's Continental Europe division, has been appointed to Segro's board. The company also said it is devolving a number of activities and services that were previously managed at the centre to its UK business, ...
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PropertyEU Archive
Commerzbank, HSH Nordbank line up for rescue funds
Commerzbank, Germany's second-largest bank, has said it will seek EUR 8.2 bn in cash and EUR 15 bn in funding guarantees from SoFFin, the stabilisation fund established by the German government in response to the turmoil in the global banking sector.
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PropertyEU Archive
Downward spiral continues in Germany - King Sturge
German real estate professionals are gloomier than ever in the wake of the increased turbulence in the international financial markets. King Sturge's Real Estate Climate index, which polls 1,000 market participants every month, returned the steepest loss ever in the history of the index in October. The Real Estate Climate ...
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PropertyEU Archive
Dutch prosecutors focus on real estate fraud
The prosecution service and tax officials in the Netherlands are to establish a real estate intelligence centre to combat real estate fraud. The centre will work with police and local officials to tackle networks involved in illegally skimming off profits from real estate activities.
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PropertyEU Archive
Mipim Horizons turns 'green'
Mipim Horizons 2008, the first edition of the property fair in Cannes on the French Riviera dedicated to the world's fast-growing regions, has announced it is 'going green'. The fair is being held from 2-4 December and will feature conferences and events on green architecture, construction and housing and many ...
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PropertyEU Archive
Savills rebrands Irish office
Savills Hamilton Osborne King in Ireland has been rebranded as Savills in line with the group's global office network. UK-based broker Savills acquired Hamilton Osborne King in June 2006 and since January 2007 the company has been known as Savills Hamilton Osborne King.
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PropertyEU Archive
Romania's RED opens London office
RED Projects, the Romanian real estate developer, has opened an international office in London to source international development opportunities, investment finance, and retail and commercial tenants. RED, which has a EUR 600 mln retail property development portfolio in Romania, has appointed Andrew Hardy as managing partner at RED International in ...
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PropertyEU Archive
Gains since 2003 being unwound in months
Some property investors are preparing to go 'bottom feeding' for opportunities in the UK early next year but it is by no means certain that 2009 will mark an upturn in the cycle, Malcolm Frodsham of the Investment Property Databank has cautioned.
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PropertyEU Archive
Kuwaiti bank signs up for EUR 7.6bn Tatarstan development
Turc Capital, a subsidiary of banking group Kuwait Finance House (KFH), is to play a major role in the development of 2 million m[sup]2[/sup] of residential and commercial real estate in the Republic of Tatarstan.
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PropertyEU Archive
Aberdeen poised to pick at distressed assets
Government efforts to kick-start the global financial sector are encouraging, but the credit squeeze will definitely last this year through 2009, according to Alessandro Bronda, head of investment strategy at Aberdeen Property Investors.
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PropertyEU Archive
Investors advised to look at Middle East
Investors should cash in on the different stages of the property cycles in the western world and the Middle East, Lanesborough Asset Management has urged. While the US and European markets are either falling or stagnating, the United Arab Emirates markets are exhibiting strong growth. 'The conditions for profit taking ...
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PropertyEU Archive
JLL appointed global advser for Procter & Gamble
Procter & Gamble has extended its existing strategic alliance with Jones Lang LaSalle to include a range of transaction and strategic portfolio planning services for owned and leased real estate worldwide.
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PropertyEU Archive
Barcelona showcases 'sophisticated' development model
Other European cities can learn from Barcelona's experience over the last 20 years as it transformed its industrial heritage to fit the needs of the 21st century, the city's deputy mayor Jordi Williams Carnes has said in an interview with PropertyEU.
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PropertyEU Archive
Georges-Picot leaves Catella Belgium to launch own firm
Cedric Georges-Picot is resigning from his role as managing director of Catella Property Belgium after eight years with the company. The position of managing director will be held by board member Stephane Guyot-Sionnest until a permanent replacement is appointed.
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PropertyEU Archive
Coalition prepares to pitch EU-REIT to Brussels
The coalition lobbying for a single European real estate investment trust (EU-REIT) intends to lodge its proposal with the European Commission in Brussels in the next few months. Coalition chairman Joaquim Ribeiro, who is also finance director at Portuguese shopping centre specialist Sonae Sierra, told PropertyEU that the final touches ...
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PropertyEU Archive
Business confidence 'crashes' in UK property sector
Business confidence in both the UK residential and commercial property sectors has crashed in the last couple of years, according to services firm Smith & Williamson. The claim is based on a survey of 187 senior property industry executives.
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PropertyEU Archive
Topland concludes largest Spanish hypermarket sale-and-leaseback
Privately owned UK property investor Topland has acquired a portfolio of 12 hypermarkets in the Basque region of Spain from retail group Eroski for EUR 361 mln.
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PropertyEU Archive
Market to recover faster than in the 1990s, says Morgan Stanley boss
The global real estate market will recover faster from the current credit crisis than it did from the downturn in the 1990s, according to John Carrafiel, global joint head of Morgan Stanley Real Estate. 'This seems a better scenario than what we were facing in the 1990s as governments have ...
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PropertyEU Archive
SEB acquires Segro park in Hungary for EUR 20m
Frankfurt-based SEB Investment has acquired the 30,000 m[sup]2[/sup] Vendel Park located to the west of Budapest from flexible business space provider Segro for EUR 20 mln.
