All PropertyEU Archive articles 鈥� Page 1851
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PropertyEU Archive
Barcelona popular with investors: city council chief
Barcelona is popular with foreign investors despite the economic crisis, Mateu Hernand茅z, CEO of Barcelona City Council Economic Promotion, said in an interview with PropertyEU at EXPO REAL. The best example of this is the recent purchase by Deka of a large office building in the financial heart of the ...
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PropertyEU Archive
Gulf between winners and losers grows: RICS survey
The gulf between commercial property market winners and losers is growing. There is an increasing preference for the emerging markets of Asia and Latin America. In Europe, Germany is in a positive position, according to a preview of the RICS' Global Commercial Property Survey which will be published at ...
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PropertyEU Archive
Pirelli moves Hamburg HQ to Blankenese
Property investor Pirelli Real Estate said on Monday it has moved its German headquarters from Hamburg鈥檚 City Nord to Blankenese, a suburb of Hamburg. The 110 staff have now moved into a 2,800 m[sup]2[/sup] office at Erik Blumfeld Platz in the new 鈥楤lankenese Bahnhofsplatz鈥� urban quarter. 'After we developed the ...
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PropertyEU Archive
London dominates global property market - CBRE
London accounted for 27% of all cross-regional investment transactions during 2009 and the first half of 2010, according to new research by property broker CB Richard Ellis. The new study explores the degree to which investors making direct commercial real estate investments outside their domestic markets gravitate towards the largest, ...
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PropertyEU Archive
鈥楧evelopment lending set to resume in CEE鈥�
Banks are starting to provide development debt again for logistics projects in Poland and the Czech Republic, according to Robert Dobrzycki, head of Central and Eastern Europe of Panattoni Europe. 鈥楧evelopment lending is starting to come back, especially for non speculative projects, with a pre-leased ratio of 50-60%,鈥檋e told PropertyEU ...
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PropertyEU Archive
Poland 鈥榯op of list鈥� for investors looking for deals in CEE
Investors who are testing the waters again in Central and Eastern Europe are looking at Poland first, Jaroslaw Wnuk, head of investment at King Sturge in Warsaw, said at EXPO REAL
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PropertyEU Archive
Stam Europe shops in Nanterre, plans fund close by year-end
French fund manager Stam Europe has acquired a 12,000 m[sup]2[/sup] office building in Nanterre in the first arrondissement of Paris from HSBC bank. The investment price amounted to EUR 45 mln. 鈥榃e are going to restructure the vacant property and start the leasing activity. We think that this is an ...
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PropertyEU Archive
German office market faces yield compression - Savills
The German office property market is facing yield compression as the yield gap between prime and secondary office segments widens, property adviser Savills said on Monday. The average yield gap between prime and secondary European office property now stands at 100 basis points, comparable to levels recorded 10 years ago, ...
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PropertyEU Archive
Timing is critical, ICSC conference hears
Timing is everything - and the time to invest in countries which experienced the worst downturn is now for developers and investors seeking first mover advantage, according to Simina Istrate, of Colliers International and Jason Karr of Karr Consulting, at the International Council of Shopping Centers鈥� (ICSC) Romanian Retail Real ...
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PropertyEU Archive
Corio lays groundwork to grow in Germany
Shopping centre specialist Corio intends to grow its portfolio in the 鈥榮table鈥� German market but the process will take time, CEO Gerard Groener told PropertyEU at EXPO REAL in Munich. The Amsterdam-listed company has already received offers to add assets to its newly established platform there following the EUR 1.3 ...
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PropertyEU Archive
German property market sentiment up on economic recovery - King Sturge
The upturn in the German economy has boosted the sentiment in the country鈥檚 real estate industry, real estate consultancy King Sturge said on Monday. The poll-based Real Estate Climate of the monthly King Sturge Real Estate Economy Index rose by 5.1% to 126.3 index points in September, from 120.2 the ...
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PropertyEU Archive
Russia麓s JSC Inteco sets sights on other European markets
Russian investor and developer JSC Inteco is setting its sights on growth outside its home market, vice president Oleg Soloshchansky told PropertyEU at EXPO REAL. In addition to developing housing in its home market - which is characterised by a chronic shortage of housing against a backdrop of out-of-date equipment ...
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PropertyEU Archive
Europrestim shops in Ile-de-France
Europrestim Management said it has completed EUR 30 mln worth of acquisitions in the Ile-de-France region on behalf of two managed investment firms. The French company has acquired two fully-let office and retail buildings in Paris from listed commercial property group Gecina for a total of EUR 18 mln.
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PropertyEU Archive
Invesco launches second pan-European hotel fund
Invesco Real Estate has announced the launch of a second pan-European hotel fund with an exclusivity agreement to purchase a EUR 168 mln seed portfolio. The seed portfolio has been secured by Invesco Real Estate鈥檚 specialist hotel team via its relationship with major international hotel operators, Simon Redman, head of ...
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PropertyEU Archive
International players pile into German spezialfonds market
The German fund industry is likely to become more fragmented as an increasing number of international players seek to provide spezialfonds structures for institutional investors, according to seasoned real estate professional Barbel Schomberg. The move comes as institutional investors are cooling on German open-ended funds(GOEFs).
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PropertyEU Archive
Multi launches new mixed-use project in Istanbul
Multi Development has announced that Marmara Forum, its second project in Istanbul, will open in early 2011. Marmara Forum consists of a shopping centre and garden office.
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PropertyEU Archive
WGF set to launch new KAG unit
German real estate and finance group WGF submitted a request on Monday to set up a new fund management KAG unit which will allow it to launch a wide range of special funds (spezialfonds) for institutional investors from next year. 鈥榃e expect to get the approval from the German Federal ...
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PropertyEU Archive
BBI, L&W launch EUR 126m project in Warsaw
Belgium's Liebrecht & Wood and Poland's BBI Development have announced the start of construction for a vast mixed-use complex at Warsaw's Unii Lubelskiej Square. The new Plac Unii project, representing a total investment of PLN 500 mln (EUR 126 mln), will consist of a 21-storey skyscraper and two six-storey buildings.
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PropertyEU Archive
Sol Melia buys London hotel for EUR 133m
Spanish hotel chain Sol Melia has confirmed the acquisition of a Norman Foster-designed hotel redevelopment in the financial and tourist heart of London for EUR 133 mln.
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PropertyEU Archive
Hines starts development of $160m retail outlet near Moscow
US private real estate developer and investor Hines has announced the start of construction for its $160 mln (EUR 117 mln) retail outlet Village Belaya Dacha project near Moscow.
