PIE Events
- German Property Breakfast
14 February 2012
Stockholm
- Distressed Property Breakfast
22 February 2012
London
- Central and Eastern Europe Real Estate Conference
03-04 May 2012
Vienna, Austria
PIE News Updates
Chances outweigh risk in German property – Helaba
German real estate is set to outperform the rest of Europe this year as low interest rates meet little development activity and investors...
Australian UGL focuses on organic growth with DTZ
Australia’s UGL group is looking to expand its property services business through organic growth rather than acquisitions following...
French manager La Française plans debt fund
French fund manager La Française Real Estate Asset Managers is planning to launch a property debt fund in second half 2012 and has...
Cordea Savills expands German AM with takeover
Property fund manager Cordea Savills has acquired German firm International Property Asset Management, for an undisclosed sum as part...
Investors focus on Poland, Russia, Czech in CEE - Colliers
East European real estate investment turnover will fall back in 2012 on the economic slowdown, market uncertainty and lack of debt...
Credit crucial to Spanish property recovery – G-14
Availability of debt finance, and not reducing taxes, is crucial to the recovery of Spain’s real estate but depends on reforms...
Student housing set for growth in Germany - BulwienGesa
With rising demand for high-quality living space for students in Germany, student housing has the potential to become its own asset...
Swedish NCC signs ¤325m credit facility
Swedish construction and development company NCC has received a new ¤325m five-year multi-currency revolving credit facility from a...
European crisis has frozen global real estate – ULI Chairman
Real estate may be a local business but investors all over the world are focused on Europe's financial crisis, says the global chairman...
Bank liquidity re-pricing means debt-equity realignment - Piani
Bank withdrawal from real estate debt, due to liquidity re-pricing, is rebalancing the debt-equity relationship and creating opportunities...
Earning money without growth is 2012 RE challenge - PwC's Forbes
Real estate in 2012 faces a year where operators need to find ways of earning money without relying on growth in fundamentals, according...
Global warming to boost green homes, refurbishment, infrastructure
Global warming is progressing fast and creating dangerous prospects, Ernst Ulrich von Weizsäcker told the ULI Europe annual conference...
Unibail-Rodamco 2011 earnings slip but 2012 outlook positive
Unibail-Rodamco, Franco-Dutch shopping and conference centre REIT, the largest listed property firm in Europe, reported a small drop...
German 2011 logistics take-up record to repeat in 2012 - JLL
Take-up of German logistics space in 2011 reached 5.86m sq.m., one third more than 2010’s record and 60% above the five-year...
Swiss Corestate closes ¤400m German RE fund
Zug-based private equity group Corestate Capital has closed its German Commercial Properties Fund with full investment volume estimated...
Spain’s Catalonia aborts ¤500m office sale
The Spanish regional government of Catalonia has aborted the sale of office buildings in Barcelona totalling ¤500m after failing to...
Carlyle buys ¤337m office, housing in Stockholm
Global private equity firm Carlyle has bought an office and housing portfolio in Stockholm for ¤337m from the real estate company of...
Serbia’s Delta in ¤200m Belgrade shopping mall
Serbian real estate, retail and agribusiness conglomerate Delta Holding plans to start construction later this year of Delta Planet...
Euro office markets steady despite economic worries – JLL clock
The Eurozone debt crisis continued to weigh down economic growth prospects in fourth quarter but despite this serious backdrop, key...
Sarkozy proposes plan to cut French housing costs
French President Nicolas Sarkozy has announced a plan to boost construction and reduce housing costs through a 30% easing of density...
Turkish building slowdown may pass by 2Q - association
Turkish construction slowed down quite strongly later last year and this likely continued into fourth quarter and the start of this...
French Altarea takes 95% of e-commerce firm
French shopping centre REIT/SIIC Altarea Cogedim has taken almost full control of e-commerce company RueduCommerce after a successful...
European office take-up falls but German cities strong – BNP RE
Office take-up in the main markets in western Europe fell slightly in fourth quarter from 3Q11, but strong demand brought the greatest...
Carlyle's Freeport to seek more outlet investments
Freeport, an outlet centres developer owned by Carlyle Europe Real Estate, will seek investment opportunities in the segment across...
German Patrizia launches new ¤200m fund for savings bank
Augsburg listed property company Patrizia has launched a new residential and commercial property fund with a volume of over ¤200m for...
NL's Heijmans to write down housing, report net loss
Dutch housing developer Heijmans said it expects to declare a 2011 net loss of up to ¤40m when fully reporting on 1 March – mainly...
Azerbaijan developer aims at 1km skyscraper record
Azerbaijan developer Avesta Consern is planning a set of artificial islands in the Caspian Sea complete with a 1km-high skyscraper...
Vienna's conwert to sell ¤500m in Austria, invest in Germany
Vienna-listed housing firm conwert plans to sell some ¤500m Austrian assets this year and use the proceeds to expand in Germany, says...
Deutsche Annington rolls over ¤150m credit
German privately-held housing giant Deutsche Annington, managing 220,000 residential units, has secured an early ¤150m refinancing...
Spain commercial RE investment down 20% – Deloitte
Commercial real estate investment in Spain fell 20% in 2011, a contraction that would have been much sharper without the purchase in...
Price gap with non-green assets to widen - JLL
The pricing gap between sustainable and non-sustainable property investment assets will widen, and Europe’s 'green' efforts will...
German Catella in ¤250m-equity Nordic Special Fund
Munich's Catella Real Estate, part of Swedish financial group Catella, is launching a new property special fund for investment in Norway,...
Rising Italian joblessness to hit RMBS performance - Moody's
The performance of Italian residential mortgage-backed securities remained stable in the three months to November, with 60+ day delinquencies...
Bremen ¤100m housing project launches
A consortium of German investors has started work on the ¤100m Hafenkante residential project on a 12 ha. plot at the old European...
European crisis throws real estate into limbo - PwC/ULI Emerging Trends
Europe's economic crisis has left real estate in limbo, with preferred markets chosen more for their safe haven potential than high...
European RE investment to hold stable despite economy - BNP RE
Commercial property investment in the main western European markets rose by 7% last year and even if some nations face recession, demand...
German RE funds wind-up seen hitting NL office, Balkans
The wind-up of many German open-end property funds, likely to extend this year, is causing concern in commercial real estate around...
Distressed property shows best Balkan prospects - PIE Breakfast
Even if real estate investment prospects in former Yugoslavia are rapidly rising as nations move closer to the EU, the economic crisis...
Allianz, Covea win hostile takeover of French REIT FPF
Firms controlled by insurance groups Allianz and Covea have succeeded in their takeover bid for French REIT Fonciere Paris France,...
French RE to return stable 6.4% but home prices to slide - IEIF
French property research institute IEIF has renewed its optimistic forecast for performance in the nation's office market at 6.4% for...
Equity raise would offset shareholder nerves - Germany's DIC
Frankfurt-based listed DIC Asset will eventuall raise its equity ratio to 35% from 30% which is weighing on the share price, says its...
Economic outlook weighs on European commercial RE - RICS
The prospect of an extended period of minimal growth and even a retreat into recession is weighing heavily on European commercial real...
Outlet centre firm Neinver boosts sale, visitors Europe wide
Neinver, Europe's second-largest operator of outlet centres, said it finished 2011 with strong increases in visits and sales at all ...
French Natixis to set up German mortgage bank, access Pfandbrief
The French Natixis group is to set up a mortgage bank in Germany, based in Frankfurt, and has applied to the BaFin supervisory authority...
French REIT Terreïs reaches ¤1bn portfolio target
French REIT/SIIC Terreis has achieved its target of a ¤1bn real estate portfolio a year ahead of target, with acquisitions of ¤345m...
US investor interest rising for stressed Spanish RE assets – Carlton
US investors’ appetite for Spanish property has returned and deals, particularly in stressed assets and portfolios, should be...
German Deka AUM reaches ¤23bn as other funds struggle to re-open
German savings banks’ fund manager Deka finished 2011 with property under management worth some ¤23bn after transaction volume...
Tristan, AEW team with Helios on ¤250m German logistics
EPISO, an opportunistic real estate fund co-advised by Tristan Capital Partners and AEW Europe, have teamed up with European logistics...
Russia’s Etalon in 30% housing sales growth, new projects
Russian residential developer Etalon reported new contract sales up 30% at RUB18.3bn in 2011 buoyed by continued recovery in consumer...
France’s Sofidy looking to invest ¤400m in 2012
French asset management company Sofidy is aiming to invest ¤400m for its SCPI and OPCI funds in 2012, mainly in urban retail assets...