All PropertyEU Archive articles 鈥� Page 1786
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PropertyEU Archive
Distressed property to rise in Europe at fastest pace
The expected supply of available distressed property is expected to rise more quickly in Europe than any other world region in the first quarter of 2011, and notably in Ireland, Hungary, Germany and the UK, according to the new RICS Global Distressed Property Monitor for the fourth quarter of 2010.
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PropertyEU Archive
Invesco targets value-added strategies
Invesco Real Estate believes the time is right to target value-added opportunities in Europe, the company鈥檚 managing director for Europe Andy Rofe told PropertyEU at MIPIM in Cannes last week.
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PropertyEU Archive
MIPIM: Allianz plans EUR 1b spree in France, Belgium and Netherlands
Allianz Real Estate plans to spend EUR 1 bn this year in France, Belgium and the Netherlands, CEO Olivier Wigniolle of Allianz France told PropertyEU at MIPIM in Cannes.
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PropertyEU Archive
Atrium announces 1st large development on strong 2010 results
Shopping centre specialist Atrium European Real Estate has announced plans to launch its first major mall development since the onset of the financial crisis. In a statement to announce its full-year 2010 results, the company said it will commence construction of Lublin Felicity offering 70,000 m[sup]2[/sup] of retail space in ...
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PropertyEU Archive
Global real estate investment up 17% in 2011: DTZ
Around $329 bn (EUR 238 bn) of capital will be available for investment in global real estate in 2011, according to the latest 'Great Wall of Money' research report issued last week by DTZ. The figure represents a 17% increase on a previous estimate in mid-2010, mostly as a result ...
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PropertyEU Archive
AREF: UK unlisted pooled property funds raise 拢4.8b in 2010
UK unlisted pooled property funds (PPFs) raised 拢4.8 bn (EUR 5.5 bn) of new money in 2010, the highest figure since 2006, the Association of Real Estate Funds (AREF)'s Investment Quarterly revealed last week.
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PropertyEU Archive
Prime office rents to stabilise across Europe in 2011: Colliers
Prime rents are set to broadly stabilise in Europe this year with centres such as Berlin, London, Stockholm and Warsaw expected to be the top performers in terms of prime rental growth, according to a new research report issued by global consultant Colliers International.
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PropertyEU Archive
Reed Midem announces 2011 MIPIM award winners
Reed Midem, organiser of the MIPIM trade fair held in Cannes last week, has announced the winners of the MIPIM Awards 2010 in the six categories of Business Centres, Green Buildings, Hotels and Tourism Resorts, Refurbished Office Buildings, Residential Developments and the new category of Futura Projects. Some 100 real ...
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PropertyEU Archive
National Australia Bank buys 35% of Area Property Partners
National Australia Bank (NAB) has bought a 35% minority stake in private equity group Area Property Partners (Area) as part of a new strategic joint venture which will provide the US firm with significant funding to expand its real estate business.
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PropertyEU Archive
MIPIM sees visitor numbers rise 7%
The 22nd edition of MIPIM held in Cannes this week welcomed over 18,400 delegates, an increase of 7% year-on-year. The organisers claim that nearly 4,000 of the delegates were investors, marking a rise of 6% on last year's attendance.
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PropertyEU Archive
Solidiam buys office building in Eindhoven
Privately-owned asset manager Solidiam has signed the purchase agreement of a 12,000-m[sup]2[/sup] office building in Eindhoven, the Netherlands. The deal, which was signed during the MIPIM trade fair in Cannes, involves the Stadhuisplein 10 office property which is fully leased and generate a rental income of EUR 2.2 mln per ...
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PropertyEU Archive
Immofinanz buys Futureal's Gold Plaza mall in Romania
Hungarian developer and investor Futureal has announced the completion of the sale of the Gold Plaza Project shopping and entertainment centre in Baia Mare in the northwest of Romania to Austria's Immofinanz.
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PropertyEU Archive
Hansteen enters the EPRA Europe Index
UK listed real estate company Hansteen Holdings will be included in the FTSE EPRA/NAREIT Developed Europe Index from Monday March 21, 201 after meeting all eligibility criteria during the Index's March Quarterly Review, according to the European Public Real Estate Association (EPRA).
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PropertyEU Archive
More European firms sign up for RICS regulation
Over 100 firms in continental Europe have signed up for the 'Regulated by RICS' label, the latest initiative by the Royal Institution of Chartered Surveyors (RICS) to increase transparency in the European real estate market.
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PropertyEU Archive
MIPIM: Open space deficit in London leads to 拢1.3b lost commercial value
A study by the Urban Land Institute and global design firm Gensler into the value of public open space reveals that businesses' desire to be located in close proximity to open spaces could harvest 拢1.3 bn (EUR 1.5 bn) of investment for the creation of new public space in London. ...
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PropertyEU Archive
MIPIM: Reviva Capital hits EUR 1.5b in AUM
Reviva Capital, the European non-core and distressed asset manager born out of the spin-off from Glitnir Bank, has achieved EUR 1.5 bn of assets under management in less than one year of trading, the company announced during the MIPIM trade fair in Cannes. These assets involve over 400 individual loan ...
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PropertyEU Archive
MIPIM: NCRC seeks partners for EUR 11b of resort projects
Northern Caucasus Resorts Company (NCRC) is looking for developers and co-investors for $15 bn (EUR 11 bn) worth of alpine ski resort projects in the Russian region, Director General Alexey Nevskiy told MIPIM delegates on Thursday.
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PropertyEU Archive
Berlin Hyp's 2010 results best in five years
German lender Berlin Hyp posted a 13% increase in pre-tax profit to EUR 88.5 mln in 2010, achieving its best result in the last five years largely thanks to increased net interest and commission income, reduced provision requirements in the lending business and a successful expansion of new real estate ...
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PropertyEU Archive
Sonae Sierra swings back to profit in 2010
International shopping centre specialist Sonae Sierra reported a net profit of EUR 8.7 mln in 2010 compared to a loss of EUR 111 mln in 2009. The turnaround was mostly a result of lower yield compression and the resilience and increased operational efficiency of the group's assets.
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PropertyEU Archive
Aberdeen appointed to manage EUR 537m portfolio in Nordics
Aberdeen Asset Management has been appointed to manage a Nordic property portfolio worth EUR 537 mln. The portfolio properties are mainly located in Denmark, Sweden and Finland and consist of retail and residential properties. The portfolio was previously managed by Danish property asset manager, Property Group.
