All Real Assets articles in Web Issue – Page 444
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PropertyEU Archive
Incentives push expensive cities ranking - Savills
The impact of incentives on European office rental values has resulted in significant changes in the ranking of the most expensive cities, according to international property adviser Savills. The firm compared 18 key city locations and found that when incentives are taken into account, London's West End remains the most ...
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PropertyEU Archive
EU economic sentiment up, recovery set to be slow - Savills
The main economic indicators for the EU region improved for the fifth month in a row in August, but the property market is likely to be very slow, said Eri Mitsostergiou of the European research team of property consultancy Savills.
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PropertyEU Archive
More EXPO exhibitors from France, Luxembourg, Poland, Turkey
The number of exhibitors at this year's EXPO REAL event in Munich may be down 15% on 2008, but there are more participants from France, Luxembourg, Poland and Turkey, Eugen Egetenmeir, a member of the management board at organisers Messe München, said on Monday.
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PropertyEU Archive
German property market expected to recover faster - survey
An EXPO REAL survey on the outlook for the property market in 2009 reveals that experts believe the bottom of the cycle is yet to come. It also revealed that the German property market is generally thought to have the best prospects for a fast recovery. The survey was conducted ...
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PropertyEU Archive
Windows of opportunity open up in Spain
The significant fall in commercial property investment volumes throughout Spain over the last two years is showing signs of stabilising, according to international real estate advisor Savills. This is expected to create a window of opportunity for equity rich investors as pricing of prime properties becomes more attractive, the company ...
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PropertyEU Archive
Turkey ‘ready to take off’
If their presence at this year’s EXPO REAL in Munich is anything to go by, Turkey property players are keen to attract foreign investment. Turkish developers, property law firms, mortgage lenders and accountants were all singing the praises of Turkey’s property market.
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PropertyEU Archive
Echo gets EUR 100m financing from Eurohypo for Polish mall
Echo Investment has reached an agreement with Eurohypo for the financing of its Echo Gallery extension project in Kielce, Poland. The EUR 100 mln financing facility represents the largest credit agreement in the Polish real estate market so far this year, Echo said. The loan, which has to be fully ...
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PropertyEU Archive
Europolis to launch EUR 400 mln CEE investment fund
Austrian property company Europolis plans to launch an investment fund with the firepower to invest EUR 400 mln in Central and Eastern European countries, Thomas Erdmann, Europolis’ member of the board, told PropertyEU in an interview at EXPO REAL. Erdmann said the company is in the process of setting up ...
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PropertyEU Archive
Romanian market is ‘blocked’ after bubble bursts
Hopes that the Romanian property market would escape the worst of the financial market crisis proved to be misplaced, panellists on the Romanian investment forum at this year’s EXPO REAL agreed. ‘Romania turned out to be one of the biggest bubbles in the region,’ said Christopher Berlew, managing partner ...
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PropertyEU Archive
Invesco aims to tap German institutional investors
Invesco Real Estate sees 'huge opportunities' for its special funds in Germany, Simon Redman, head of product development and senior director, said in an interview with PropertyEU. 'More institutional investors are interested in real estate and are becoming more international. This is a huge growth area.'
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PropertyEU Archive
Shake-up looms for European asset managers
The European real estate industry will see a wave of asset management mandates exchanging hands in the coming months. That was one of the key conclusions of several of the panel discussions that took place on Tuesday at EXPO REAL. The US has already experienced a similar development. In the ...
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PropertyEU Archive
German open-ended funds coming back to Prague
Germany remains key for the recovery of the Czech property market after the significant economic impact caused by the financial crisis caused the market to come to a standstill, says Ryan Wray, associate director of investment at DTZ in Prague.
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PropertyEU Archive
German banks dominate UK financing market
German financiers have further intensified their presence on the UK commercial property market in the past six months, according to a new report by Savills. German banks accounted for virtually half of the list of 23 top lenders currently active in the UK market. They include Deka Bank, Deutsche Pfandbriefbank, ...
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PropertyEU Archive
BNP Paribas RE wins major management contract in UK
BNP Paribas Real Estate has been awarded the management of the St James portfolio in London’s West End from Crown Estate. The portfolio consists of over 370,000 m[sup]2[/sup] of office, services, retail and warehousing space at St James Market.
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PropertyEU Archive
German office markets show signs of bottoming out: Savills
The German office property markets (Berlin, Düsseldorf, Frankfurt, Hamburg and Munich) remain weak, but the cyclical downturn is showing signs of deceleration, Savills said in a new research report issued during the second day of the EXPO REAL fair in Munich. Take-up in the first nine months of the year ...
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PropertyEU Archive
Commerz Real sees buying spree braked by supply constraints
Commerz Real expects to close commercial real estate deals totalling around €1 bn by the end of this year, CEO Hans-Joachim Kühl told PropertyEU in an interview at EXPO REAL. 'This is less than we had initially expected, but it's difficult to find the right product.'
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PropertyEU Archive
Property sector cautiously optimistic: JLL
The mood of the property sector at this year's EXPO REAL is 'cautiously optimistic', Jones Lang LaSalle’s Head of European Capital Markets Tony Horrell said in an interview with PropertyEU. 'There seems to be a bit more positive sentiment. At the same time, nobody is talking about development and very ...
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PropertyEU Archive
Warsaw most favoured city for European expansion
Warsaw, Poland has been named in Cushman & Wakefield's 20th annual European Cities Monitor as the city which can expect the biggest influx of companies in the next five years, knocking Moscow off the top spot. In total, 36 of Europe’s largest companies named Warsaw as the European city in ...
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PropertyEU Archive
Hansteen converts to REIT status
Hansteen Holdings, an investor in British and continental European real estate, has converted to REIT status following the admission of its ordinary shares to trading on the London Stock Exchange’s main market. The conversion to a REIT is a change in Hansteen's tax status, and will have tax consequences for ...
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PropertyEU Archive
RREEF raising core recovery funds for Europe and US
RREEF, Deutsche Bank’s alternative asset investment manager, is seeking to raise two core real estate recovery funds, one for the US and one to operate on a pan-European basis.
