All Real Assets articles in Web Issue – Page 417
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PropertyEU Archive
FDL reduces debt and vacancy levels
Foncière Développement Logements, a subsidiary of Foncière de Régions, reported group revenue flat at EUR 106.4 mln in the first half, leading to a 4% rise in earnings per share. Rental income increased 1.7% over the period, reflecting a 2.25% rise in France and 1.6% growth in Germany. The vacancy ...
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PropertyEU Archive
Rental outlook still gloomy, despite improved economy: RICS
Despite improvements in economic data and a moderation in the pace of decline in capital values in all world regions in Q2, rental expectations deteriorated further in Europe, according to the latest RICS Global Property Survey.
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PropertyEU Archive
German open-ended funds see EUR 3.1 bn inflows in H1
German open-ended property funds recorded EUR 3.1 bn in net inflows over the first six months of 2009, bringing total fund volume to EUR 87.5 bn at end-June compared with EUR 87.2 bn in the year-earlier period, fund industry body BVI reported on Tuesday.
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PropertyEU Archive
Cross-border investment rebounds in Europe in Q2: JLL
Cross-border commercial real estate investment activity rebounded in Europe in the second quarter of 2009, signalling increased appetite from international and pan-European investors, according to Jones Lang LaSalle’s new European Capital Markets Bulletin. Cross-border investment accounted for 52% of total direct commercial investment volumes, up from a low of 27% ...
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PropertyEU Archive
Risanamento board approves debt plan ahead of court hearing
The management board of Italian property developer Risanamento has approved a debt restructuring plan which will enable it to receive a EUR 150 mln cash injection, the company said in a statement late on Monday.
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PropertyEU Archive
C&W sees more appetite from institutional investors
Institutional investors will show more appetite for real estate in the second half of 2009, adviser Cushman & Wakefield predicts. 'Whilst many institutional investors used the first half of the year in particular for the strategic realignment of their portfolios in view of the global economic crisis and, as a ...
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PropertyEU Archive
Prologis closes new bank loan with Eurohypo
Prologis European Properties (PEPR), Europe’s largest owner of modern distribution facilities, has closed and received funding for a new four-year secured bank loan facility for £86.145 mln (EUR 100 mln) with Eurohypo. Net proceeds from the loan will be used to reduce outstanding debt.
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PropertyEU Archive
Capital values stabilising in UK market
After two years of dramatic decline, capital values are now stabilising for UK property, according to the UK Quarterly Snapshot from Aberdeen Property Investors. Investor demand is returning, aided by sterling's fall over the past year, the report said.
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PropertyEU Archive
Evans Randall secures loan for Milton Gate deal
CB Richard Ellis has announced that its EMEA Debt Advisory team has successfully procured £79.375 mln (EUR 91.927 mln) in debt financing to facilitate UK investor Evans Randall in its £127 mln acquisition of Milton Gate, London EC3.
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PropertyEU Archive
Hochtief seals new leases at KOMM mall
Hochtief Projektentwicklung, the development arm of builder Hochtief, has concluded further leases for its KOMM Shopping Center in Offenbach. The jewellery chain Christ, fashion company Bestseller with the Vero Moda and Jack & Jones concepts, and Xenos, a provider of home furnishings and gifts are together renting around 1,000 m[sup]2[/sup] ...
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PropertyEU Archive
Exhibition space at this year’s Expo back to 2007 levels
The Expo Real commercial property trade fair in Munich will cover six halls and 64,000 m[sup]2[/sup] of space this year, one hall less than in 2008, according to Eugen Egetenmeir, board member of fair organiser Messe München. This is equivalent to the surface area registered in the growth year of ...
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PropertyEU Archive
Luxury London hotel falls into administration - The Times
A five-star luxury hotel and apartment development situated on The Strand in London and designed by Lord Norman Foster’s architecture firm, has gone into receivership after construction stalled last year, The Times reported this week.
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PropertyEU Archive
Prologis extends lease maturity on Italian asset
Prologis European Properties (PEPR), Europe’s largest owner of modern distribution facilities, has announced that it has extended for a further three years the maturity of two lease agreements in Prologis Park Piacenza in Italy with Difarco, Italy's leading distribution company for cosmetics and pharmaceuticals.
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PropertyEU Archive
Iii-investments launches first green building fund
Germany's iii-investments has launched the first real estate special fund to invest exclusively in green buildings. The Green Building Fund aims to invest EUR 400 mln within the next two to three years, with maximum 50% financing.
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PropertyEU Archive
Top UK commentator Kaletsky dispels property market fears
Leading UK economic commentator Anatole Kaletsky has dismissed three of the most widely discussed threats to the property market, saying they are 'pretty far fetched' and often presented as 'indisputable facts'.
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PropertyEU Archive
Prime yields stabilising across Europe: C&W
Average prime yields across Europe now stand at 7.52%, with Western yields (excluding the UK) averaging 6.65%, according to new research from Cushman & Wakefield. This compares to average yields of 6.97% in the UK, 8.63% in Central Europe and 12.86% in Eastern markets.
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PropertyEU Archive
Britannia Hotels buys Heathlands Hotel out of adminstration
Britannia Hotels has bought the Heathlands Hotel in Bournemouth from its joint administrators Andy Beckingham and Matthew Chadwick of BDO Stoy Hayward LLP for an undisclosed amount. The deal was brokered by property agent Christie + Co.
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PropertyEU Archive
Carrefour mall in Sofia attracts three new tenants
Colliers International has secured three anchor tenants for Carrefour Tzarigradsko Mall in Sofia over the past three weeks: Spanish retail giant Inditex, fashion retailer Peek & Cloppenburg and Kino Arena.
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PropertyEU Archive
Berlin Hyp finances office building in Warsaw
Berlin Hyp, part of the real estate finance division of Landesbank Berlin, has agreed to finance the Horizon Plaza office building in the Mokotów business district of Warsaw, Eurobuild reported this week.
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PropertyEU Archive
Sentiment improves in Polish industrial market: C&W
Sentiment in the Polish warehouse market improved in the second quarter of this year, with take-up increasing 30% to 174,800 m[sup]2[/sup] compared to the previous quarter, Cushman & Wakefield reported.
