All PropertyEU Archive articles 鈥� Page 1922
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PropertyEU Archive
Opportunity funds raise EUR 12b globally in H2 2009: survey
Equity-raising by opportunistic real estate funds jumped to $17 bn (EUR 12.4 bn) globally in the second half of 2009, but the final capital closes for 26 nonlisted vehicles came only after very extended marketing periods, according to the latest research from Clerestory Capital published on Tuesday. There was also ...
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PropertyEU Archive
JLL Netherlands raises EUR 17m from first 'combined' auction
Jones Lang LaSalle Netherlands said it raised around EUR 17 mln from its first 'combined' commercial property auction, whereby investors were able to bid in person as well as online and via telephone. The auction attracted 'forced' and regular sales from investors who opted for the auction room is the ...
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PropertyEU Archive
Luxembourg to see over 20% office rental growth: Savills
Office rental growth in Luxembourg will exceed 20% by year-end 2010 with London's City and West End set for over 10% growth, according to new research released at Mipim in Cannes by real estate adviser Savills. Istanbul and Prague will see office rents increase by around 8% and 5% respectively.
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PropertyEU Archive
IGD Siiq's net profit halves in 2009
Italian listed commercial property company IGD Siiq saw its net profit halve to EUR 20 mln in 2009, primarily due to a decline in the fair value of its real estate portfolio. The figure compares to a profit of EUR 43 mln reported a year before.
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PropertyEU Archive
Hotel market sees investors return in 2010: BNP Paribas RE
The European hotel sector faces a challenging year in 2010, but hotel transactions should increase due to improved economic conditions, an increased flow of distressed assets coming to the market and growing investor confidence, according to the latest research carried out by BNP Paribas Real Estate into the UK and ...
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PropertyEU Archive
Poland to see revival in retail investment in 2010: Savills
Poland will see a revival in retail investment this year as the sector is set to become one of Europe's 2010 investment hot spots, according to real estate adviser Savills. The firm is forecasting a tripling in volume of investment activity in 2010 compared to 2009.
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PropertyEU Archive
Pirelli to spin off real estate arm by end-2010
Italian tyre and industrial group Pirelli has confirmed its plans to focus on its core business and proceed with a spin-off of the real estate arm by the end of the year.
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PropertyEU Archive
Poland to see revival in retail investment in 2010: Savills
Poland will see a revival in retail investment this year as the sector is set to become one of Europe's 2010 investment hot spots, according to real estate adviser Savills. The firm is forecasting a tripling in volume of investment activity in 2010 compared to 2009.
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PropertyEU Archive
Affine cuts net loss to EUR 3m
French property group Affine has reduced its net loss to less than EUR 3 mln in 2009 from over EUR 37 mln a year before. In the course of last year, the company's portfolio shed nearly 5% of its value, mostly in the first half, and is currently worth just ...
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PropertyEU Archive
Hansteen acquires German industrial portfolio for EUR 330m
UK and Continental European properlty investor Hansteen Holdings has signed a conditional agreement to acquire a German industrial property portfolio from HBI Sarl and HBI Delta Sub Sarl for an effective acquisition cost of around EUR 330 mln. The deal will be financed from around EUR 70 mln in ...
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PropertyEU Archive
Multi sells 35% interest in Forum Mersin for EUR 68m
Multi Corporation is selling its 35% interest in the Forum Mersin shopping centre in Turkey to Union Investment for EUR 68 mln, the Dutch developer said on Tuesday. The deal makes Union Investment the 100% owner of the mall, which opened in autumn 2007 and is the dominant retail destination ...
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PropertyEU Archive
Amundi RE aims to double French market share in 5 years
Amundi Real Estate, the EUR 5.2 bn property investment company created in January this year from the merger of the asset management arms of Credit Societe Generale and Credit Agricole, intends to become the leading player in the private client market in France and grow internationally.
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PropertyEU Archive
Legal & General Property buys London asset for EUR 63m
Legal & General Property, on behalf of its Managed Fund, said it has purchased the freehold interest in 26 Red Lion Square, London, for around 拢57 mln (EUR 62.7 mln)from a client of real estate adviser Savills. The purchase price reflects a net initial yield of 8.12%.
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PropertyEU Archive
Advent International in pole position to acquire Mercator's portfolio
US private equity group Advent International is the frontrunner in a bid to acquire EUR 1 bn worth of property being sold by Slovenian retail chain Mercator, according to reliable sources. Mercator is divesting the assets on a sale-and-leaseback structure, sources say.
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PropertyEU Archive
AEW set to launch new European core fund
Investment manager AEW Europe is looking to raise EUR 300 mln of fresh equity for a new fund targeting core properties across Europe. Christian Delaire, Chief Executive of AEW, told PropertyEU in an interview that the group is 鈥榩re-marketing鈥� the new vehicle among European, US and Asian institutions, with the ...
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PropertyEU Archive
Corporates aim to cut cost of working by half: survey
Companies emerging from the recession will aim to spend significantly less on corporate real estate, look for growth in headcount without taking on additional office space and intend to deliver real advances in sustainability according to a report released at Mipim by Regus and Unwired Ventures. The report reveals ...
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PropertyEU Archive
Institutional investors to rethink CEE strategies amid scarcity of product
Institutional investors targeting CEE have so far focused exclusively on good, prime assets in Poland and the Czech Republic, but a forecast lack of product in these markets may soon force investors to turn their attention to other type of products or even other CEE countries. Due to the scarcity ...
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PropertyEU Archive
'Arab capital seeking opportunities in Southeast Europe'
Arab property investors may set their sights on countries in Southeast Europe as opportunities dry up in Germany and the UK and the US also loses its attraction, says Nico Veldhuis, former director of Turkey at Dutch developer Multi who recently set up his own real estate consultancy, Veldhuis & ...
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PropertyEU Archive
London City to benefit first from development finance revival: Savills
London's City office market could be the first to benefit from a move by lenders towards commercial development finance as a lack of new stock is forecast to trigger a potential 8.6% annual rental growth over the next five years, according to real estate adviser Savills. The firm said that ...
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PropertyEU Archive
Legal & General, Mitsubishi showcase Piano-designed building at Mipim
Legal & General Property and Mitsubishi Estate Company (MEC) have chosen MIPIM for the European launch of their central London office-led development Central Saint Giles. Designed by world-renowned architect Renzo Piano, it will be his first completed building in the UK and is scheduled to complete at the end of ...
