All PropertyEU Archive articles 鈥� Page 1923
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PropertyEU Archive
'IVG set to dissolve three special funds'
German property group IVG plans to disslove three of its special funds as part of an extensive overhaul of its stable of funds, Ferdinand von Sydow, business manager for IVG Funds, said in an interview with daily newspaper Financial Times Deustchland. 'We are going to sell down three of our ...
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PropertyEU Archive
Prime yields falling to 'unjustified' levels in the UK
The wall of money hitting the UK market has caused prime yields to fall below pre-Lehman levels, according to Paul Clark, director of investment and asset management at the Crown Estate. 'With the occupier market still weak, it's hard to justify prime pricing,' he said. 'I'm less enthusiastic about the ...
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PropertyEU Archive
Industrial occupier markets set for recovery: King Sturge
Industrial property performance is set to improve in 2010 with Central and Eastern Europe leading the way, according to Tim Johnson, head of industrial and logistics at King Sturge. 'It will be a bumpy ride again this year but the CEE market is showing a pick-up in levels of activity ...
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PropertyEU Archive
Immoeast seals EUR 250m refinancing with Helaba
CEE property developer Immoeast has reached an agreement with the German regional bank Helaba for the refinancing of a EUR 250 mln loan in a property-backed deal involving three Polish assets. The portfolio comprises the Silesia City Centre in Katowice, which is planned for an extension starting this year, as ...
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PropertyEU Archive
Reyal Urbis reaches deal to refinance EUR 4.6b of debt
Spanish property company Reyal Urbis has signed a long-awaited agreement with banks to refinance its debt burden of EUR 4.6 bn. Under the new accord, the Madrid-listed firm has extended the maturity date on its debt to December 2015. The deal also envisages an initial period (until June 2013) in ...
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PropertyEU Archive
Union Investment acquires mixed-use complex in Warsaw
Union Investment has acquired the Lipinski office and retail complex in Warsaw's central business district for one of its open-ended real estate funds for institutional investors. The vendor is construction company Reinhold Polska, which is owned by the Swedish Reinhold Group. The parties agreed not to disclose the purchase price.
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PropertyEU Archive
German banks again dominate top UK lenders list
Three German banks have joined the list of top lenders to UK commercial property compiled by property adviser Savills, boosting the already strong German presence in the list to 60% of the total. With the addition of Aareal Bank, Bayerische Landesbank and Deutsche Bank, 13 of the list of 21 ...
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PropertyEU Archive
Recovery strategies top agenda at Mipim
If survival strategies were the main focus of Mipim's conference programme in 2009, this year's edition will highlight recovery positions and strategies for getting beyond the crisis. With titles such as 'A year of Reckoning' , 'Riding out of the Storm', 'Face the Present - think long term' , ...
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PropertyEU Archive
Mipim preview: 'Infrastructure is becoming an attractive option'
Europe's real estate markets have put the worst of the crisis behind them and are clearly on an upward trend, says Daniel Piazolo, managing director of Investment Property Databank in Germany and moderator of a panel at Mipim on institutional behaviour. While this will clearly benefit cash-rich institutional investors, they ...
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PropertyEU Archive
Occupier conditions improve in CEE capitals: JLL
Occupier conditions in the cities of Bucharest, Budapest, Prague and Warsaw are set to improve over 2010 as rents fall and vacancy rates increase, according to Jones Lang LaSalle's report 'Onshore, Nearshore, Offshore: Unsure? A 2010 Central European Perspective' published on Tuesday. The report outlines the attractiveness of CEE markets ...
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PropertyEU Archive
PropertyEU teams up with MIPIM on City Leaders project
MIPIM, the world's leading property fair, and PropertyEU, the pan-European information source for the real estate sector, have joined forces to publish the first European City Review in September 2010. Entitled City Leaders, the publication will provide an overview of the leading cities in Europe in terms of investment locations, ...
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PropertyEU Archive
London Heathrow remains most expensive industrial location: C&W
London Heathrow remained the world's most expensive industrial location in 2009, followed by Tokyo and Hong Kong, according to Cushman & Wakefield's Industrial Space Across the World report published on Tuesday. Asia Pacific saw the biggest rental falls, while South America emerged as the most resilient region.
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PropertyEU Archive
European office markets move at mixed speeds: King Sturge
Europe's office markets are continuing to move at different speeds on the back of a faltering economic recovery, with the yield gap between cities remaining wide, according to King Sturge's latest European Property Indicators report. At 5%, the lowest yields are still to be found in Copenhagen, unchanged since mid-2008, ...
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PropertyEU Archive
Warsaw and Madrid offices in favour with risk takers: Savills
The office markets of Warsaw and Madrid are in favour with investors seeking to move up the risk curve in 2010, while London and Paris CBD offices are preferred by risk-averse buyers, according to the latest European hot spots survey published by real estate adviser Savills.
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PropertyEU Archive
PropertyEU Who's Who goes online
PropertyEU is launching the digital version of Who's Who 2010. From today, subscribers can access profiles on Europe's leading real estate decision makers online via a special website address with their login and password.
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PropertyEU Archive
Azurelau sells Barcelona's Agbar tower for EUR 165m
The Azurelau investment vehicle, owned by Antonio Vila and Santiago Oller, has sold Barcelona's most iconic building to its main tenant, Aguas de Barcelona (Agbar) for around EUR 165 mln. The Catalan water utility company has decided to exercise its option to buy its corporate headquarters, the Agbar tower, according ...
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PropertyEU Archive
Mipim preview: 'We need common sustainability metrics'
The market upheaval spawned by the global financial crisis put the issue of sustainability on the backburner for a while with companies more preoccupied with survival than with green issues, says Robert Peto, Vice-Chairman of Capital Markets at DTZ and a speaker on the panel entitled Sustainability sans Fronti猫res. But ...
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PropertyEU Archive
Mipim preview: 'Poland is no longer an emerging market'
Markus Leininger's answer to the question posed by the title of the session 'Poland: Land of Opportunity?' is an unequivocal 'yes' for a variety of reasons. The head of corporate banking for Northern Europe and CEE at German financier Eurohypo cites Poland's stability during the financial crisis, coupled with its ...
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PropertyEU Archive
JLL predicts uneven recovery for European real estate
Jones Lang LaSalle has confirmed it expects direct investment in commercial real estate in Europe in 2010 to increase by 20 to 30% on 2009 levels, which stood at EUR 69.2 bn. According to Jones Lang LaSalle's latest European Capital Markets Bulletin, EUR 24.6 bn of commercial real estate ...
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PropertyEU Archive
Mipim preview: 'UK prices do not yet reflect sustainable value'
As one of the biggest and most competitive markets in Europe and worldwide, the UK - particularly London - will continue to be a good place to invest, provided GDP growth is sustainable and the current high level of vacancies contracts, says Hans-Joachim K眉hl, board member at German real estate ...
