All PropertyEU Archive articles 鈥� Page 1576
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PropertyEU Archive
British Land sells stake in Hercules Income Fund to LaSalle
British Land has completed the sale of its 26.1% interest in the Hercules Income Fund to clients of LaSalle Investment Management for 拢19 mln (EUR 24.1 mln). The transaction represents a total property value of 拢72 mln (EUR 91.5 mln) and a net initial yield of 6.5%, which is slightly ...
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PropertyEU Archive
Kennedy Wilson buys Dublin office at massive discount
US property investment and services firm Kennedy Wilson has acquired Brooklawn House, a Dublin office property, for EUR 15 mln together with its partners. Kennedy Wilson鈥檚 stake equals 50%, and the property is being acquired with no debt financing, the company said in a press release.
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PropertyEU Archive
Editor's choice: top real estate headlines
A selection of the leading property headlines from around Europe at a glance:
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PropertyEU Archive
Savills signals opportunities in Italian student housing market
Student housing is emerging as an attractive alternative property investment opportunity in Italy, according to UK-based advisory firm Savills. Private investor involvement in the sector is still very limited, noted Marcus Roberts, head of Savills student investment at Savills. 'Therefore we expect yields to remain attractive compared to the other ...
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PropertyEU Archive
Invesco retains top spot in property investor ranking
Invesco Real Estate has topped PropertyEU's ranking of cross-border investors by volume during the first six months of 2012. PropertyEU Research recorded just over EUR 1 bn of transactions by the London-based fund manager. The performance was largely due to two large deals on behalf of individual mandates in the ...
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PropertyEU Archive
Polish logistic completions jump 116% in H1: DTZ
The volume of modern industrial and logistics stock is increasing significantly, in Poland, reflecting the country's strong economic performance. Some 3,000 m[sup]2[/sup] of industrial and logistics space was delivered to the market over this period, marking an increase of 116% compared to H1 2011, according to property adviser DTZ.
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PropertyEU Archive
SNS Reaal sees Dutch property writedowns double in H1
Dutch bank SNS Reaal reported further hefty writedowns on its Dutch property portfolio in the first half of 2012. The bank booked a net loss of EUR 131 mln at its property finance unit following a EUR 140 mln writedown on the loan portfolio. In the same period a year ...
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PropertyEU Archive
Czech property volumes to drop 50% in 2012: C&W
Cushman & Wakefield expects overall investment volume in the Czech Republic to halve in 2012 to just over EUR 1 bn from EUR 2.1 bn in 2011. The Czech market saw EUR 256 mln of deals in the first six months of 2012, 60% down on H1 2011, but still ...
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PropertyEU Archive
ING boosts provisions against expected Dutch losses
Dutch banking and insurance giant ING set aside significantly higher provisions in the second quarter of 2012 against expected losses on the financing of (commercial) real estate, particularly in the Netherlands. The provisions against property loans more than doubled to EUR 120 mln from an average level of between EUR ...
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PropertyEU Archive
Norges Bank and Generali top European capital raise in July
The EUR 550 mln joint venture announced in July between Norges Bank Investment Management (NBIM) and Generali Real Estate in France was the biggest capital raise in Europe that month, according to Indirex, the online data centre for unlisted real estate.
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PropertyEU Archive
Moscow sees big leap in warehouse completions: CBRE
Warehouse stock in Moscow grew significantly in the first six months of 2012, with 320,000 m[sup]2[/sup] of class A warehouse premises completed - almost equivalent to the total new space delivered in 2011, CBRE said in its latest report on the Russian market.
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PropertyEU Archive
Canadian pension plan takes stake in ISS
The Ontario Teachers' Pension Plan and Kirbi Invest have agreed to invest EUR 500 mln in ISS, a leading global provider of facility services. The current owners, funds advised by EQT Partners and GS Capital Partners funds. are not selling any shares as part of the transaction, and will remain ...
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PropertyEU Archive
JLL names new leasing chief in Hungary
Jones Lang LaSalle has announced the appointment of L贸ska Erika to the position of head of office and industrial leasing in Hungary.
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PropertyEU Archive
Editor's choice: top real estate headlines worldwide
A selection of the leading property headlines from around Europe at a glance:
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PropertyEU Archive
Retail and industrial gain ground in Slovakia
Investment activity in Slovakia is focussing more on retail and industrial assets than offices at present, according to advisory firm Cushman & Wakefield. in Slovakia. Many office developers who control the better prime assets are unwilling to sell for the yield levels at which investors are prepared to buy and ...
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PropertyEU Archive
Russian H1 deal volumes fall sharply - CBRE
The volume of completed real estate transactions in Russia decreased by 44% to EUR 1.2 bn in the first half of 2012 compared to the same period the year before, according to property adviser CBRE. That said, the Russian market performed better than some of its European counterparts. Foreign investors ...
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PropertyEU Archive
JLL appoints CEE banking valuation director
Jones Lang LaSalle has appointed Robert Mayhew as director of CEE banking valuation.
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PropertyEU Archive
DIC Asset lifts rental income, on track for full year
DIC Asset, the Frankfurt-based office developer, reported gross rental income rose 11% to EUR 62.5 mln in the first six months of 2012 compared with the year-earlier period. The increase was driven by portfolio growth and a strong letting performance, the company said in a statement. The vacancy rate of ...
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PropertyEU Archive
Investors plough bulk of money into non-listed funds
Joint ventures and separate mandates may be gaining favour as targeted investment vehicles among institutional investors in their search for greater control, but the vast majority still put their money into non-listed funds, according to a new survey by INREV in cooperation with its Asian counterpart ANREV.
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PropertyEU Archive
Lemli to head Savills鈥� German business
Real estate adviser Savills has appointed Marcus Lemli as head of its German business from 1 October following the departure of Bernd-Uwe Willer to pursue new challenges.
