All Real Assets articles in Web Issue – Page 428
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PropertyEU Archive
Metrovacesa swings to H1 net loss
Spain's largest property company Metrovacesa said it has swung to a loss of EUR 178 mln in the first half of 2009 from a profit of EUR 131 mln a year before. The sharp decline mainly reflects higher expenses, write-downs on a number of projects and the impact of the ...
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PropertyEU Archive
Lidl leases 33,500 m[sup]2[/sup] in the Netherlands
Catella Property Fund Management (part of Equity Estate) has reached an agreement to lease 33,500 m[sup]2[/sup] of space at its Oosterhout logistics centre in the Netherlands to international supermarket chain Lidl.
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PropertyEU Archive
Investment doubles in Dutch market in Q2
The Dutch real estate market saw investment activity almost double in the second quarter of 2009 compared to the previous quarter, suggesting that investor interest is returning to the Netherlands, according to new research released by CB Richard Ellis (CBRE). Investment turnover surged in Q2 as EUR 861 mln was ...
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PropertyEU Archive
Adler RE announces major sell-off
Germany's Adler Real Estate announced on Friday that it plans to withdraw from asset and property management on behalf of third parties in order to focus on the sale of its own property portfolio.
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PropertyEU Archive
Risanamento postpones results approval
Ailing Italian property company Risanamento said it has delayed the approval of its first half financial results as it strives to reach an agreement with the banks regarding its restructuring plan. In a statement on Friday, the company said that its board would reconvene to approve the accounts by Tuesday, ...
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PropertyEU Archive
Land Secs bags new tenant in London
Land Securities and Cadillac Fairview Corporation, co-owners of Thomas More Square, E1 in London, have announced they have completed a letting of 17,830 m[sup]2[/sup] of office and supporting space to media group News International for a term of up to 10 years. Land Secs claims it is one of the ...
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PropertyEU Archive
Debt battle creates Darwinian divide
The upturn in the equities sector in the first half of this year and rising investment volume in Europe have raised hopes that the property sector may have put the worst of the financial crisis behind it. 'We’re still sliding off the slope, but we’re not falling off the cliff ...
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PropertyEU Archive
More LTV breaches loom
Liquidity remains a major potential problem for European REITs with more loan-to-value breaches looming in the months ahead, according to Lynn Valkenaar, vice president and senior analyst at ratings agency Moody’s.
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PropertyEU Archive
C&W Budapest wins second business superbrand title
Global real estate consultant Cushman & Wakefield obtained the honorific 'Business Superbrand 2009' title adjudicated to the best B2B brands by an independent expert committee, for the second time running in 2009.
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PropertyEU Archive
China and Qatar funds inject new equity into Canary Wharf
Sovereign wealth fund, Qatar Holdings, is leading a consortium, which has agreed to provide a cash injection to head off a financial crisis at AIM-listed Songbird Estates, the majority owner of the Canary Wharf estate in London.
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PropertyEU Archive
Galeria Mokotów draws largest CEE refinancing deal
Galeria Mokotów was the first large, modern shopping centre in Warsaw when it opened in 2000. Nine years later, the centre is still one of the three dominant malls in the Polish capital and the country as a whole. It achieved another record in August this year when it was ...
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PropertyEU Archive
European cities shrug off recession to increase occupancy
Six out of the 10 hotel markets reviewed in July experienced a growth in room occupancy levels, according to a survey by TRI Hospitality Consultancy. Amsterdam showed the highest rate of improvement with an increase of 7.9 percentage points, compared with July 2008.
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PropertyEU Archive
Devaluations continue to hit listed stocks
The decline in real estate values slowed in the first half, but Europe's listed stocks are not out of woods yet. As in 2008, several UK REITs including Segro and Liberaty International recorded the sharpest falls in the value of their portfolios, while of Continental players saw the writedowns confined ...
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PropertyEU Archive
German investors dominate deals
German investors were out in force again over the summer, with Deka Immobilien, Union Investment, and Commerz Real all involved in several deals across Europe.
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PropertyEU Archive
Stephen leaves JLL for F&C, Max Property directorships
Jones Lang LaSalle has announced that John Stephen, chairman of its English business, is to retire from the firm to take up a series of external property roles. These include directorships of F&C Commercial Property Trust and Max Property Group, adviser to Evans Property Group and a trustee of the ...
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PropertyEU Archive
Multi's Dresden mall wins top eco-label
Germany is currently the most important market for European shopping centre developer Multi Corporation. This autumn, the Netherlands-based company is opening Centrum Galerie in Dresden, a 52,000 m[sup]2[/sup] mall built at a cost of some EUR 300 mln.
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PropertyEU Archive
First phase of ULI Energy Exchange to be launched in November
Nearly seven years after the European Union passed legislation requiring property owners to report on the energy performance of their buildings, a new round of tougher regulations is under way. Plans to revise the Energy Performance of Buildings Directive (EPBD) in 2010 are expected to result in even tighter emissions ...
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PropertyEU Archive
Segro plans to expand further in Europe
UK industrial REIT Segro is keen to expand in Europe following its takeover of rival Brixton, Segro CEO Ian Coull said in an interview with PropertyEU. ' We are actively watching the radar screen and interested in expanding in Germany, France and Poland. These economies are fairly strong and are ...
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PropertyEU Archive
SNS PF says retreat to home market will be ‘orderly’
SNS Property Finance is to refocus its activities on the Netherlands, but insists it will not leave its international clients at the mercy of the financial crisis.
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PropertyEU Archive
Recapitalisation remains a key issue for listed stocks
Recapitalisation will remain a key issue in the coming period for listed stocks, claims James Cowen, portfolio manager of real estate securities funds at Invesco
