All PropertyEU Archive articles 鈥� Page 1870
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PropertyEU Archive
Vacancy rates drop in Moscow: JLL
Vacancy rates in Moscow鈥檚 office sector dropped to 15% in the second quarter, according to a report by Jones Lang LaSalle. Buoyed by demand for quality office space, the decrease marks a significant fall from the 19.6% recorded at end-2009 and suggests a general trend towards lower vacancy and market ...
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PropertyEU Archive
Berlin Hyp provides EUR 1b of new lending in H1
Berlin Hyp announced on Wednesday that its volume of new lending exceeded EUR 1 bn for the first six months of 2010, 20% up on the same period last year. Including extensions of loans by one year or more, the volume comes to EUR 1.3 bn.
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PropertyEU Archive
ING Real Estate losses narrow to EUR 4m in Q2
The real estate arm of Netherlands-based financial group ING saw its losses narrow to EUR 4 mln in the second quarter of 2010 from a loss of EUR 580 mln in the same period last year following an improvement in valuations.
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PropertyEU Archive
London investment rises to EUR 2.3b in Q2: CBRE
Central London investment volumes rose sharply during the second quarter as strong investor demand was quelled by an increase in stock on the market, CB Richard Ellis said on Wednesday. Investment turnover rose 57% over the quarter to reach 拢1.9 bn (EUR 2.3 bn).
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PropertyEU Archive
NCC sells logistics facility in Copenhagen for EUR 20m
NCC Property Development has sold a logistics facility in Greve outside Copenhagen for SEK 193 mln (EUR 20.5 mln). The buyer, Nordic Real Estate Partners (NREP), will take over the facility when it is completed on 1 May 2011.
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PropertyEU Archive
Raven Russia sells warehouse unit for EUR 32m
Warehouse specialist Raven Russia has signed contracts to sell its subsidiary, RR Baltiam, to Cypriot-registered company Casebre Holdings for $42 mln (EUR 32 mln). RR Baltia is the owner of a 28,000 m[sup]2[/sup] warehouse property at Baltia, Moscow. Raven Russia said that the purchase price represents a 48% premium to ...
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PropertyEU Archive
Real I.S. raises EUR 378 mln for first special fund
Real I.S. Investment has successfully carried out the first closing of its BGV IV real estate special fund with capital commitments of around EUR 378 mln at end July. The diversified BGV IV real estate portfolio is the most recent in the series of Real I.S.'s institutional funds and is ...
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PropertyEU Archive
Sacyr agrees major debt refinancing to keep business afloat
Spain's Sacyr Vallehermoso (SyV) said that its real estate development unit has reached an agreement with its banks in a bid to deal with its financial woes.
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PropertyEU Archive
Lending terms becoming more competitive in Continental Europe: CBRE
Lending terms are becoming more competitive in some European markets, in particular in Germany, the Netherlands and France, according to CB Richard Ellis鈥� forthcoming Capital Markets Report. At the same time, average key lending terms have remained relatively unchanged since Q1 2010 across most major European markets, the report concludes.
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PropertyEU Archive
Christie + Co markets Swindon hotel development site
Christie + Co, acting on behalf of Hotel Procurement Ltd, is offering for sale the freehold of a hotel development site in a prominent location in Swindon. Detailed planning permission has been granted for a 102 en suite-bedroom hotel to be developed at the Swindon Gateway Leisure Park, which is ...
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PropertyEU Archive
Private equity groups eye stake in MSREF: report
US private equity firms KKR and TPG are believed to have expressed interest in buying a stake in Morgan Stanley's Real Estate Fund (MSREF). Colony Capital has also reportedly approached the company, according to a report in the Financial Times.
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PropertyEU Archive
Aareal originates EUR 1.6b new financing in Q2
Aareal Bank Group has said it originated EUR 1.6 bn of new estate lending in the second quarter of this year compared to EUR 700 mln in the second quarter of 2009.
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PropertyEU Archive
Strong H1 demand for German open-ended funds: BVI
With the exception of a dip in May, the first six months of 2010 saw strong investor demand for German open-ended real estate funds (GOEFs), according to the latest report from industry body BVI.
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PropertyEU Archive
MediaMarkt takes 3,300m[sup]2[/sup] at Keen's Galeria Victoria
Consumer electronics retailer MediaMarkt has signed an agreement with Keen Property Partners Retail (KPP Retail) to lease 3,300 m[sup]2[/sup] at Galeria Victoria in the southwestern Polish city of Walbrzych.
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PropertyEU Archive
Stam Europe, Area poised to buy EUR 240m Italian property fund
A consortium of Stam Europe and Area Property Partners is close to clinching the acquisition of the Comune di Milano I real estate fund from BNP Paribas REIM, PropertyEU has learned.
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PropertyEU Archive
Sagax buys into Finnish property with EUR 34m logistics deal
The Finnish arm of Sweden's Sagax has acquired a portfolio of 10 assets in the Helsinki metropolitan area from a real estate fund managed by Nordic Real Estate Partners (NREP). The assets, mainly used for warehousing and light industrial purposes, were bought for a price of SEK 327 mln (EUR ...
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PropertyEU Archive
Substantial decline in bank lending to real estate: JLL
The latest Bank of England lending figures show that bank lending in sterling to real estate in the second quarter of 2010 has dropped by 拢3.5 bn (EUR 4.2 bn) following a slight improvement in the first quarter, according to Jones Lang LaSalle Q2 2010 Bank Lending Survey.
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PropertyEU Archive
ICSC lines up international brands for Outlet Conference
Representatives from established international brands such as La Perla and Desigual will speak at this year's European Outlet Conference of the International Council of Shopping Centers (ICSC). The event, which last year drew senior industry representatives from more countries than any other outlet conference, is being held this year from ...
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PropertyEU Archive
Cornerstone eyes new takeover candidates in Germany
Cornerstone Real Estate Advisers (formerly Protego Real Estate Investors) sees more opportunities for retail acquisitions in the German market following its purchase of an 8,500-m虏 supermarket in Wuppertal through its German Retail Fund. 鈥楳ore product is coming onto the market and there are some interesting opportunities. Vendors are becoming more ...
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PropertyEU Archive
ING RE regrets loss of North Yorkshire County Council
ING Real Estate Select said it regrets its dismissal by North Yorkshire County Council pension scheme following the fund manager's decision to relocate to the Netherlands. 'We are sorry that the North Yorkshire County Council pension scheme has come to this decision at a moment that we believe our clients ...
