All PropertyEU Archive articles 鈥� Page 1934
-
PropertyEU Archive
BNP Paribas RE sees UK retail outperforming in 2010
UK retail property will be the 鈥榳inner鈥� in 2010 with a 4.5% rise in capital values across both prime and secondary assets in the sector, according to the latest economic forecasts of BNP Paribas Real Estate. By comparison, the adviser is forecasting capital values in the office sector will grow ...
-
PropertyEU Archive
Belgian property investment soars 205%: Savills
Investment levels in Belgium increased by up to 205% in the fourth quarter of 2009 compared with the previous quarter, totalling EUR 430.6 mln, according to a report published by property advisor Savills.
-
PropertyEU Archive
Colonial to refinance EUR 4.9 bn of debt
The board of troubled Spanish real estate developer Colonial has approved the terms and conditions of a plan to restructure around EUR 4.9 bn of debt. In a statement to the Spanish stock market regulator CNMV, Colonial said that it will continue to negotiate with its creditor banks to receive ...
-
PropertyEU Archive
Mazabi Gestion buys EUR 40m London hotel
Spanish company Mazabi Gestion de Patrimonios has acquired the Abba Queen's Gate hotel in Kensington, London valued at around EUR 40 mln. The property was bought through a sale-and-leaseback agreement with hotel operator Abba.
-
PropertyEU Archive
Reyal Urbis to swap debt for EUR 400m of property
Spanish real estate company Reyal Urbis said it is negotiating a deal with its creditor banks to exchange debt for around EUR 400 mln worth of real estate. In a statement to the Spanish stock market regulator CNMV, the company said that the operation is part of its large plan ...
-
PropertyEU Archive
Altarea sells Toulouse mall to Commerz Real for EUR 90m
French commercial property group Altarea said that it has signed a preliminary agreement to sell the Espace Saint-Georges shopping centre in Toulouse, France to German open-ended fund manager Commerz Real for EUR 90 mln.
-
PropertyEU Archive
Aberdeen fund acquires shopping centre in Finland
Aberdeen Property Investors said on Monday that its European Balanced Property Fund has acquired the Chydenia-I shopping centre in Kokkola, Finland, from Rockspring PIM. Financial details were not disclosed.
-
PropertyEU Archive
RBS set to book losses on German property portfolio: FT
Royal Bank of Scotland is poised to book a loss of several hundred million pounds after being forced to take back the keys on 拢1.8 bn (EUR 2.1 bn) in German properties bought by a fund run by Morgan Stanley, according to an unconfirmed report in the Financial Times.
-
PropertyEU Archive
PEPR posts 13.4% portfolio devaluation in 2009
Prologis European Properties (PEPR), one of Europe's largest owners of distribution facilities, said the total open market value of its like-for-like portfolio decreased by 13.4% in 2009, with continental European countries recording valuation declines of between 12.3% and 18.9% compared with 2008. The UK showed signs of improvement, falling 5.2% ...
-
PropertyEU Archive
Office investment rises sharply in CEE in H2 2009
Stronger demand for office space in Central and Eastern Europe (CEE) in the second half of 2009 compared to H1 2009 cushioned the full-year decline in the region, according to new research by CB Richard Ellis (CBRE). H2 2009 office take-up increased by 22% as compared to H1 2009, but ...
-
PropertyEU Archive
IPD sees central London office rental revival in 2010
City and West End offices resumed rental growth in January, at 0.2% and 0.3% respectively, according to the IPD UK Monthly Index. During the same month, capital growth eased to 1.0%.
-
PropertyEU Archive
UBS plans EUR 361m capital raise for Swiss fund
Swiss fund manager UBS said that it plans to carry out a capital increase of up to CHF 530 mln (EUR 361 mln) for its Swiss Mixed Sima real estate investment fund. The fund raising will be executed through the issue of new warrants, and the financial details of the ...
-
PropertyEU Archive
Oslo Areal acquires office building in Stavanger for EUR 50m
Property company Oslo Areal has completed the acquisition of the Kanalpiren office building in the Norwegian city of Stavanger for NOK 410 mln (EUR 50.5 mln). The building was sold by Hinna Park, a wholly owned subsidiary of Fornebu Utvikling (FBU) - formerly Scandinavian Property Development. Settlement took place on ...
-
PropertyEU Archive
Skanska sells Flat Iron project in Stockholm for EUR 85m
Skanska Commercial Development Nordic has sold the Flat Iron Building office project in Stockholm to Swedish real estate company Norrporten for SEK 850 mln (EUR 84.7 mln). The handover of the project is scheduled to take place in March 2010.
-
PropertyEU Archive
Focus Nordic Cities plans new acquisitions in Northern Europe
Focus Nordic Cities, an open-ended real estate fund managed by Catella Real Estate AG KAG, is planning to make new acquisitions in Northern Europe with purchases in Helsinki, Copenhagen and Hamburg slated for the next couple of months.
-
PropertyEU Archive
Occupier markets show signs of cautious optimism
Europe鈥檚 economies continue to show encouraging signs of economic recovery, according to Jones Lang LaSalle鈥檚 Q4 2009 European Property Clock. However, the time lag between the wider economy and European office occupier markets remains evident. There are also significant differences between markets in terms of their position in ...
-
PropertyEU Archive
Wereldhave eyes Unibail-Rodamco's Dutch portfolio
Wereldhave has announced it is in talks with Unibail-Rodamco regarding a possible purchase of a number of Dutch shopping centres. The talks are reportedly centred on the Franco-Dutch company's smaller shopping centres in the Netherlands with a minimal surface area of 25,000 m[sup]2[/sup]. Analysts are ruling out the possibility that ...
-
PropertyEU Archive
German property market remains weak: RICS
The near-term outlook for the German commercial property market remains a little downbeat, according to the latest Global Real Estate Weekly report from RICS. Capital values and rents are expected to continue edging lower, according to the RICS survey.
-
PropertyEU Archive
Multi Corporation ousted from 1st place in developers ranking
Multi Corporation has been ousted from first place in the PropertyEU ranking of top developers in 2009 both in terms of the value and the size of its development pipeline. In value terms, ING Real Estate Development now takes the lead with a pipeline valued at EUR 7.7 bn at ...
-
PropertyEU Archive
Retail investment up almost 60% in Europe in Q4 2009
Retail real estate transaction volumes in Europe rose nearly 60% to EUR 4.5 bn in Q4 2009, with the number of deals up to 100 from 66 in Q3 2009, according to Jones Lang LaSalle. However, full-year total volumes in 2009 fell 32% to EUR 12.3 bn compared with 2008.
