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
Distressed real estate in Europe is 10-year task - Corestate
Sorting out distressed real estate in Europe will be a 10-year task, says Phillip Burns, CEO of private equity group Corestate. Challenges...
Westfield enters Europe in Milan, checks other locations
After opening Europe's largest mall in London's Stratford in September, the giant Westfield group is in the early stages of its first...
Athens airport, Corfu, Rhodes sites up for Greek privatisation
The huge Hellinikon site near downtown Athens is one of the largest regeneration projects ever and one of ¤50bn of assets being sold...
Germany's Union to overweight retail up to 40% - Billand
Germany's Union Investment Real Estate will continue to overweight retail property and is targeting about 40%, implying another ¤3bn...
Sweden’s AMF aims to double RE investment to ¤5bn
AMF Fastigheter, the property arm of one of Sweden’s biggest pension funds, aims to double investment in commercial real estate...
Spain adds ¤25bn to bank property reserve needs
Spain’s government has added ¤25bn to the reserves it will require from banks against non-performing real estate - following...
Investor focus on euro prime in 2012, more risk in 2013 - Invesco
European real estate investing institutions will remain risk averse in 2012 and continue to focus on a narrow definition of prime assets,...
Sweden’s Fabege profit slides but sees strong 2012
Swedish listed Fabege reported a fall in 2011 net profit to SEK1.1bn (¤130m) from ¤193m equivalent in 2010, mainly due to a smaller...
IKEA starts ¤264m mall project, first in Croatia
InterIKEA, centre developer for the giant Swedish furniture chain, has begun site preparations for its first shopping and entertainment...
German 2011 logistics rise to continue this year - JLL
German logistics and industrial property investment rose 13% last year to ¤1.2bn in total as investors returned to asset classes beyond...
BLOG: US capital eyes Euro RE but Russian already there
One piece of the puzzle for European real estate is the potential for inflows of equity from the US once institutions see some kind...
AIFMD seen boosting euro property vehicle mix
The lesson from European property fund experience in recent financial turbulence is that institutions need a mix of liquid and long-term...
Goodman signs ¤600m 2011 logistics, record in Germany, Poland
Australia-based listed Goodman said it completed an extremely successful year in 2011 with over 1m sq.m. of new pre-committed logistics...
Sweden's Catella boosts 2011 advisory 9.3%, expanding in 2012
Sweden-based Catella last year boosted real estate advisory transaction volume in the 10 European countries where it operates by 9.3%...
Germany, Poland expected winners of euro crisis – Union Investment
European property investors expect a long period of uncertainty in the euro sovereign debt crisis but are very confident over German...
Spain's Metrovacesa creditors see stake value down 86%
The value of the 95.6% stake that six creditor banks hold in Spanish listed developer Metrovacesa has dropped by 86% since they took...
Finnish 4Q house price slide is first since 2009 - KTI
Finnish house prices fell in the last quarter of 2011 for the first time in almost three years, sliding by 1.4% from the third quarter,...
German housing investment demand to stay strong – IVD
With historically low interest rates and investors’ need for an inflation hedge, German housing will be in high demand this year,...
Russia's Kazan signs $265m first phase of huge project
Moscow developer AFI Development and Israel's Brack Capital are among a consortium that have signed up to create a huge mixed retail,...
AIM's NEPI buys Romanian office project, starts others
South African-backed AIM-listed New Europe Property Investments has acquired the City Business Center project in Timisoara, Romania,...
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...