All PropertyEU Archive articles 鈥� Page 1577
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PropertyEU Archive
Europa Capital unveils round of promotions
Europa Capital has announced a number of promotions at the pan-European real estate fund management group.
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PropertyEU Archive
C&W names new Czech and Slovak research chief
Michal Sot谩k has been appointed as the new head of research at Cushman & Wakefield for the Czech Republic and Slovakia.
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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
C&W expands London residential valuation department
Cushman & Wakefield has appointed Andrew Johnston as an associate in its London valuation & advisory department, within the residential valuation team.
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PropertyEU Archive
Westfield eyes site-specific development strategy in Europe
Westfield Group, the world鈥檚 biggest shopping mall operator by assets, is seeking joint-venture partners for developments and expansion in Brazil and Asia, Bloomberg reported on Wednesday. It is also considering a number of locations in European cities, Peter Lowy, co-chief executive officer of Westfield, told the newswire.
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PropertyEU Archive
Kungsleden sells public properties to Hems枚
Listed Swedish property company Kungsleden is selling 38 public properties to Hems枚 for a total sum of SEK 912 mln (EUR 111 mln) excluding transaction costs. The sales price is consistent with book value and exceeds acquisition cost by approximately SEK 26 mln, Kungsleden said.
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PropertyEU Archive
Polish retail property delivery to reach 650,000m[sup]2[/sup] per annum: DTZ
Some 260,000 m[sup]2[/sup] of modern retail space was delivered in Poland during the first half of 2012, according to DTZ. The completions comprised 19 new projects, including 10 new shopping centres and four extensions, three stand-alone retail warehouses and two retail parks.
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PropertyEU Archive
Deutsche Pfandbriefbank lifts profit in Q2 despite slowdown in new business
Pbb Deutsche Pfandbriefbank saw pre-tax profit rise 42% to EUR 30 mln in the second quarter of 2012 from EUR 21 mln in the first three months of the year. For the first six months, pre-tax profit - according to IFRS guidelines - amounted to EUR 51 mln.
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PropertyEU Archive
Aareal books flat earnings as new business surges
Aareal Bank reported consolidated operating profit rose slightly in the second quarter of 2012 to EUR 45 mln from EUR 44 mln in the year-earlier period. Including taxes and a EUR 5 mln payment to the German stabilisation fund Soffin for its silent participation, consolidated net income came to EUR ...
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PropertyEU Archive
Kennedy Wilson-led alliance acquires Irish loan portfolio
US property investor and services firm Kennedy Wilson has announced the acquisition of an Irish loan portfolio with an unpaid principal balance of EUR 361 mln together with its partner, the European Commercial Real Estate Group of Deutsche Bank AG.
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PropertyEU Archive
CBRE acquires assets for EDS mandate
CBRE Global Investors, the global real estate investment management firm, has won a 拢120 mln (EUR 152 mln) mandate from EDS Trustee Ltd, and has purchased four properties on behalf of the client for 拢18 mln.
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PropertyEU Archive
Peel Group to buy Lowry Outlet Mall
The Peel Group has reached an agreement with the Emerson Group for the purchase of the Lowry Outlet Mall at Salford Quays. The financial details were not disclosed but Property Week put the investment volume at about 拢70 mln (EUR 89 mln).
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PropertyEU Archive
Panattoni delivers logistics centre near Frankfurt
Logistis developer Panattoni Europe has delivered a new facility for Rudolph Logistics Group in Lorsch, near Frankfurt. Panattoni handed over the 12,400 m[sup]2[/sup] logistics facility following a development period of only seven months.
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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
Unite sells student property to Imperial College London
Unite, the London-listed developer and manager of student accommodation, has sold the Orient House property to Imperial College London. The sales price of 拢20.6 mln (EUR 26.1 mln) reflects a net initial yield of 5.6%
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PropertyEU Archive
NSI in the red following writedowns on Dutch offices
Dutch listed property company NSI swung into the red in the first half of 2012 with net losses of EUR 45 mln compared to an after-tax profit of EUR 19 mln in the year-earlier period. The direct result was steady despite a lower occupancy level thanks to cost reductions. However, ...
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PropertyEU Archive
Goodman, CPPIB create EUR 1.1b US partnership
Sydney-listed Goodman Group and the Canada Pension Plan Investment Board have created a logistics and industrial partnership called the Goodman North America Partnership. Goodman and CPPIB have targeted an equity amount of US$890 mln (EUR 1.1 bn) on a 55/45 basis, representing US$490 mln and US$400 mln respectively.
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PropertyEU Archive
Standard Life commits EUR 191m to Pooled Property Fund
Standard Life Investments' Pooled Property Fund has committed a total of 拢150 mln (EUR 191 mln) to acquisitions, sales and refurbishment projects across the fund's portfolio of retail, office and industrial properties in the first half of this year.
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PropertyEU Archive
European industrial real estate investment rebounds in Q2 2012
European logistics real estate investment made up ground in the second quarter of 2012 when EUR 2.2 bn was invested in logistics and industrial assets, according to the latest data from Jones Lang LaSalle. The result reflects a 56% increase compared to the relatively slow first quarter.
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PropertyEU Archive
IVG expects to break even by end-2012
IVG Immobilien reported a consolidated net loss of EUR 11. 2 mln for the second quarter, up 57% on the EUR 4.8 mln loss in the first three months of 2012.
