All PropertyEU Archive articles 鈥� Page 1647
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PropertyEU Archive
Multi wins new mall mandate in Czech Republic
Multi Corporation's Mall Management arm has been appointed to asset manage the Olympia Mlad谩 Boleslav shopping centre in the Czech Republic, taking over the mandate from adviser DTZ. The scheme is owned by Marissa Beta, part of Czech Property Investments, a Prague-based company owned by financier Radovan Vitek.
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PropertyEU Archive
Dutch central bank sounds alarm over new commercial property crisis
The Netherlands faces a new financial crisis due to a structural oversupply in the commercial property sector, the Dutch central bank warned last week. Valuations must be quickly marked down to kick the sector back to life, the bank麓s regulatory chief Jan Sijbrand said in an interview in the country's ...
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PropertyEU Archive
Unibail Rodamco forecasts 4% rise in EPS after fall in 2011
Unibail-Rodamco, Europe's largest publicly traded property company, reported a 2.6% decline in earnings in 2011, largely due to lower sales and the pay-out of a special dividend in October 2010.
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PropertyEU Archive
JLL posts record revenues of $3.6b in 2011
International property services firm Jones Lang LaSalle has reported record full-year revenue of $3.6 bn in 2011, up 23% on the same period a year before. The Chicago-based property firm saw profit rise to $164 mln in 2011, compared with $154 mln a year before.
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PropertyEU Archive
Asian property investment in Europe confined to 3% of total
Asian investors will not solve Europe鈥檚 liquidity problems, delegates at the annual ULI conference in Paris heard last week. Asia-Pacific investors accounted for a mere 3% - or roughly EUR 3.5 bn - of total real estate investment volume in 2011, Menno Maas, head of CEMEA at DTZ, pointed out. ...
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PropertyEU Archive
Fran莽aise poised to launch EUR 300m senior debt fund
La Fran莽aise Real Estate Managers is preparing the launch of a EUR 300 mln senior debt fund focusing on the French property market, highlighting increasing activity in Europe by alternative debt providers as traditional bank lenders continue to retreat.
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PropertyEU Archive
OVG appoints new investment chief
Private Dutch developer OVG has named Jeppe de Boer as chief investment officer and member of the board. His appointment is aimed at increasing OVG鈥檚 access to the capital markets to secure funds for the company鈥檚 international growth strategy.
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PropertyEU Archive
London attracts highest level of cross-border investment: JLL
Cross-border investment rose from 27% in 2010 to 31% in 2011, with London being the most active city globally, according to Jones Lang LaSalle's Year End 2011 Global Capital Flows report.
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PropertyEU Archive
RREEF sale edges closer; final bids due this week
RREEF Real Estate, the real estate investment arm of Deutsche Bank鈥檚 asset management division, is up for grabs, with a sale expected to be pushed through by the end of June, sources close to the sale told PropertyEU.
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PropertyEU Archive
Sveafastigheter seals three-digit retail buy in Finland
Nordic private equity firm Sveafastigheter's Fund III has bought a portfolio of 68 retail properties leased to food retailer Kesko from peer company Niam. Although financial details were not disclosed, the deal is understood to be worth between EUR 100 and 150 mln.
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PropertyEU Archive
Technopolis expands St. Petersburg centre
Finnish listed property company Technopolis is to start the construction of the second phase of the Pulkovo Airport Campus in St. Petersburg, Russia.
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PropertyEU Archive
Goodman signs European pre-lets for 1 million m[sup]2[/sup] during 2011
Goodman Group secured just over 1 million m[sup]2[/sup] of new pre-committed logistics developments across Continental Europe in 2011, posting record results in Germany and Poland.
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PropertyEU Archive
Multi takes 100% ownership of Italian operation
European retail property developer Multi has taken 100% control of its operations in Italy and rebranded the business unit as Multi Development Italy.
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PropertyEU Archive
German market enters 2012 in 鈥榩ole position鈥�: IVG
German real estate investment volumes in 2012 are expected to match last year鈥檚 levels despite the risk of an escalation in the eurozone sovereign debt crisis and its knock-on effect for the economy, according to IVG鈥檚 latest Market Tracker report for Germany.
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PropertyEU Archive
Most corporate RE execs expect pay rise in 2012: CoreNet Global
An overwhelming majority - 83% - of professionals who manage corporate real estate portfolios saw increases in their base salary in 2011, according to a global compensation study conducted by CoreNet Global and FPL Associates. This compares to a year earlier when 64% reported an increase in base ...
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PropertyEU Archive
NEPI acquires Timisoara business centre in EUR 80m deal
New Europe Property Investments (NEPI) has acquired City Business Centre (CBC) in Timisoara, Romania. Jones Lang LaSalle, which acted for the seller, described the deal as the largest ever completed in the country's office sector outside Bucharest.
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PropertyEU Archive
GTC reworks conditions for EUR 97m of debt
Globe Trade Centers has reached agreement on revising covenants in relation to project finance loans totalling EUR 97 mln.
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PropertyEU Archive
C-III completes acquisition of NAI Global
NAI Global, which describes itself as the largest network of independent commercial real estate firms worldwide, has announced that its previously reported acquisition by C-III Capital Partners (C-III) has completed.
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PropertyEU Archive
Retail assets remain attractive in muted Spanish market: Savills
Spain can expect to see similar muted levels of retail investment in 2012 compared to the 2011 level of EUR 520 mln as the sector continues to see stalled sales, turnover rent performance and continued rental discounts, according to a report by property adviser Savills.
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PropertyEU Archive
UK retailer pays record rent on Bond Street
UK fashion retailer Belstaff has leased 135/137 New Bond Street in its entirety, setting a record for the highest rent paid on the prime London shopping street for a new open market letting.
