Friday 29. April 2011
Unibail-Rodamco 1Q turnover up 3.3% despite disposals
Giant retail and conference centre group Unibail-Rodamco, Europe's largest REIT, boosted first quarter turnover by 3.3%...
Friday 29. April 2011
Spanish house prices still falling in 1Q
Housing prices in Spain remain in free fall in first quarter, dropping 2.5% against 4Q10 and 4.6% compared with 1Q10,...
Friday 29. April 2011
Israel's Brack to spend another E120m in Germany
Tel-Aviv-based listed Brack Capital is to buy 13 retail property assets in Germany for E120m. Israeli business portal...
Friday 29. April 2011
European 1Q direct RE investment rises 32% - JLL
First quarter commercial real estate investment in Europe rose 32% from 1Q10 to E26bn due to increased debt and equity...
Friday 29. April 2011
Sarkozy says determined to implement Grand Paris
French President Nicolas Sarkozy has emphasised his strong determination to carry out the Grand Paris plan for the...
Friday 29. April 2011
AXA RE raises E1.26bn fresh capital in 1Q
AXA Real Estate, the property arm of France's largest insurer, raised E1.26bn fresh capital in first quarter, including...
Friday 29. April 2011
Spain's Metrovacesa sheds German assets
Madrid listed real estate firm Metrovacesa has begun divesting its two properties in Germany by selling an office...
Friday 29. April 2011
US TransGlobal to buy $400m Bulgaria resort
US investor TransGlobal Assets, formerly TimeShare Holdings, has signed a letter of intent and received project plans...
Friday 29. April 2011
Ukraine plans Crimea as tourism hub
The Ukrainian government is planning a major tourist complex on the west coast of the Crimean peninsula, to become a...
Monday 25. April 2011
Italian social housing projects reach 168 - EIRE
Some 168 social housing projects are under way or planned around Italy, according to the first permanent monitoring,...
Monday 25. April 2011
Gothenburg's Castellum doubles 1Q11 profit
First quarter net income of Swedish listed real estate firm Castellum more than doubled to SEK394m (E44.3m) or SEK2.4...
Monday 25. April 2011
Norwegian Property swings to profit after hotel sale
After a year of restructuring which included selling its Norgani Hotels to focus on office assets, Oslo-listed...
Monday 25. April 2011
Italy's Del Vecchio boosts FdR holding to 30%
Leonardo Del Vecchio, one of Italy's richest men, has reorganised his shareholding in French REIT Foncière des Regions,...
Monday 25. April 2011
Deutsche Annington housing ups profit to E187m
One of Germany's largest private housing companies, Deutsche Annington, owned by British private equity group Terra...
Monday 25. April 2011
INREV names Delaire, Ryall, Harris to board
European property fund association INREV has made three new board appointments AEW Europe's Christian Delaire, Allianz...
Monday 25. April 2011
Bank of Italy hires Colliers to sell E300m branches
Italy's central bank, Bank of Italy, is to sell in a public tender a portfolio of former branches worth some E300m and...
Monday 25. April 2011
French state property sales E3.6bn since 2005
The French government has sold over E3.6bn of public real estate since 2005, using more than E500m to reduce government...
Monday 25. April 2011
Grosvenor returns to 2010 profit, eyes China, London
London-based private property group Grosvenor, with some 26% of assets in continental Europe, in 2010 returned to...
Monday 25. April 2011
Czech industrial vacancies still falling - DTZ
Space vacancies in Czech industrial and logistics property in first quarter dipped below 9% from 10.4%, its fifth...
Wednesday 20. April 2011
Dutch VastNed/NSI to merge into E2.4bn REIT
Following long negotiation, listed Dutch real estate funds VastNed Offices/Industrial and Nieuwe Steen Investments have...
Wednesday 20. April 2011
Warsaw office lettings hit record, vacancy slides
Office space lettings in Warsaw hit a record in first quarter, with deals signed for 198,000 sq.m., according to major...
Wednesday 20. April 2011
Spain's Metrovacesa wins UK debt rejig approval
Madrid listed RE group Metrovacesa has won approval from the British High Court to refinance its syndicated debt,...
Wednesday 20. April 2011
Munich's Prime Office pre-REIT said targeting June IPO
Following the successful initial public offering of Berlin housing firm GSW last week, Munich's Prime Office, a...
Wednesday 20. April 2011
Paris office deliveries largely pre-let - DTZ
Around three-quarters of the 700,000 sq.m. of office space deliveries expected this year in Greater Paris have already...
Wednesday 20. April 2011
Outlook positive for global listed RE - LaSalle IM
The global economic and business environment is likely to favour listed real estate for the rest of 2011 and into 2012,...
Wednesday 20. April 2011
Berlin Brandenburg airport generates E440m financing
The operating firm for Berlin's new airport Berlin Brandenburg International has secured the E440m in internal...
Wednesday 20. April 2011
Solvency II correlations also UK-skewed - INREV, IPD
Solvency II correlations between property, other asset classes and interest rates used to calculate new EU insurer...
Tuesday 19. April 2011
New York's G2 in E500m Croatian tourism project
New York-based private financial services group G2 Investment, founded by J. Todd Morley and partners, plans to invest...
Tuesday 19. April 2011
German DIC Asset back on acquisition trail - Höller
Germany's DIC Asset is to use proceeds from a E100m bond issue, launched last week, as well as E52m in proceeds from a...
Tuesday 19. April 2011
Italy property posts 5.2% total return - IPD
Italian commercial property delivered a healthy 5.2% total return in 2010, a strong improvement on the 0.8% of 2009 but...
Tuesday 19. April 2011
Hungary's Futureal enters Poland with Irish Caelum
Hungarian developer Futureal is entering the Polish market in a JV with Ireland's Caelum to build the Nova Park...
Tuesday 19. April 2011
Austrian Fries family holds 5.06% of Immofinanz
Vienna-based listed property group Immofinanz said holdings and related private foundations of the Austrian Fries...
Tuesday 19. April 2011
Belgian Cofinimmo in E173m convertible bond
Belgian REIT Cofinimmo, which owns a portfolio of more than E3bn, has successfully placed E173m of convertible bonds as...
Tuesday 19. April 2011
French Mercialys rents grow 7% despite sales
Rental income in French retail REIT/SIIC Mercialys, a listed unit of the Casino supermarket group, grew 7.1% to E38.5m...
Tuesday 19. April 2011
German housing investment up 6% in 1Q11
German residential property investment rose 6% in first quarter to E858m, a trend set to continue with several...
Tuesday 19. April 2011
Freo invests E120m in Frankfurt downtown
Luxembourg-based developer Freo has bought the Frankfurt downtown office and retail project Goetheplaza, said to be...
Tuesday 19. April 2011
German prime office rents to rise - ZEW, gif
Prime rents in the five big German office locations Berlin, Hamburg, Frankfurt, Düsseldorf and Munich will rise...
Sunday 17. April 2011
Property's 25% Solvency II capital charge said too high
The 25% capital charge contained in the EU's Solvency II regulations for insurers' real estate holdings is much too...
Sunday 17. April 2011
Berlin's GSW achieves E468m IPO at 2nd attempt
Berling housing firm GSW has achieved its IPO at second attempt, raising E468m after setting the price at E19 per...
Sunday 17. April 2011
European RE interest moving toward value-add - CBRE
Momentum is building in European commercial real estate, says realtor CB Richard Ellis. Transactions rose 26% to...
Sunday 17. April 2011
Spain's housing roadshow to start in London on 4 May
The roadshow proposed by Spain's Development Ministry to woo buyers in the country's oversupply of vacant residential...
Sunday 17. April 2011
Vienna S-Immo expects better profits, reverses losses
Vienna-based Sparkassen Immobilien expects a distinct upward trend in results, given the recent noticeable recovery in...
Sunday 17. April 2011
French Gecina minorities worried over board changes
Minority shareholders in French REIT Gecina are worried that a planned board overhaul will enable key Spanish...
Sunday 17. April 2011
Russian, Chinese buyers eye E100m Paris mansion
Russian and Chinese buyers are showing interest in Palais Montmorency, a Paris mansion with a E100m price tag put up...
Sunday 17. April 2011
German Aareal Bank in E269m capital increase
Wiesbaden-based property financier Aareal Bank is making a capital increase in a rights issue against cash to raise...
Thursday 14. April 2011
Carrefour shareholders urged to reject property float
Investor advisory group Deminor is the latest shareholder in giant French grocery chain Carrefour to oppose splitting...
Thursday 14. April 2011
Frankfurt's DIC to raise up to E100m in bond issue
Frankfurt's DIC Asset is to issue a five-year corporate bond up to E100m and said proceeds are not for the current...
Thursday 14. April 2011
Global property investment up 38% in 1Q11 - JLL
Global cross-border real estate investment surged 38% to nearly $90bn in 1Q11 from 4Q10, says realtor Jones Lang...
Thursday 14. April 2011
Emerging markets challenge UK, France in retail
The UK and France remained among the world's top five retail locations in 2010 while Spain and Germany each dropped a...
Thursday 14. April 2011
ProLogis European says received no APG-Goodman bid
ProLogis European Properties, a listed fund run by logistics group Prologis, said it has received no approach from...
Thursday 14. April 2011
European housing seen strong inflation hedge
Lower volatility and steady cash-flow returns make European rental housing a good investment, particularly at times of...
Thursday 14. April 2011
Unibail-Rodamco sells E268m Swedish portfolio to Grosvenor
French shopping centre giant Unibail-Rodamco has sold a portfolio of three Swedish centres and a retail unit for E268m...
Thursday 14. April 2011
French commercial investment pauses in 1Q11 - C&W
French commercial real estate investment slowed to E2.5bn in first quarter from E4bn in 4Q10, according to realtor...
Thursday 14. April 2011
German mortgage banks expand again, rule challenges loom
German mortgage banks expanded overall lending in 2010 for the first time in two years, driven by growth in new...
Tuesday 12. April 2011
MSREF VI said recovering despite E450m hotel deal
Asset value in the $8bn-equity MSREF VI, the sixth global real estate fund run by investment bank Morgan Stanley, has...
Tuesday 12. April 2011
NAI to place E1bn in client funds in Germany
Real estate consultancy NAI apollo is seeking acquisition opportunities for over E1bn in Germany on behalf of asset...
Tuesday 12. April 2011
Bids said at E1.5bn for German LBBW housing
One of the largest real estate portfolios to be sold in Germany since the global crisis, a block owned by the...
Tuesday 12. April 2011
Allianz to rebalance property toward indirect, retail
German insurer Allianz aims to restructure its property portfolio, raising indirect investments to 20% from 5% now and...
Tuesday 12. April 2011
New German law may extend pre-REITs for 1yr
The Bundestag lower house of the German Parliament will soon decide on an amendment of real estate investment trust law...
Tuesday 12. April 2011
Swiss home building highest, surging in Nordics - LBS
More new homes will be developed in Switzerland this year than in any other European country, says German building...
Tuesday 12. April 2011
Central Madrid office take-up falls 9.4% in first quarter
Overall take-up in central Madrid office space dropped 9.4% in first quarter compared with 1Q10, while it rose in the...
Tuesday 12. April 2011
Paris office take-up at highest level since crisis
Office space take-up in the Paris Ile-de-France region rose 15% in first quarter to 613,130 sq.m. from 4Q10, the...
Tuesday 12. April 2011
Beacon to hold La Défense `First Tower' 1-3yrs
Boston-based private equity firm Beacon Capital has taken delivery of the refurbished First Tower (Tour First) in the...
Tuesday 12. April 2011
Serbian property to pick up this year - King Sturge
Vacancies across Serbian commercial property rose in 2010 but the market will pick up in 2011, depressing rates across...
Saturday 09. April 2011
Paris puts six provincial chateaux up for sale
Paris is looking to sell six castles that the city owns in the French provinces. It is inviting bids for Château de...
Saturday 09. April 2011
German open real estate funds own E94bn, widening reach
German open-ended property funds last year purchased 91 assets, 33 more than in 2009, and sold 82 assets, nine fewer,...
Saturday 09. April 2011
German TAG prepares 10% capital increase
Shareholders of Hamburg-based listed TAG, which recently took over Colonia Real Estate, have approved a capital...
Saturday 09. April 2011
Bank of Italy approves BNP's E200m Negri fund
BNP Paribas REIM has received approval from the Bank of Italy to launch a new property fund on behalf of Mario Negri, a...
Saturday 09. April 2011
French real estate returns 10% in 2010 - IPD
French real estate delivered returns of 10% to investors in 2010 due to the combined effect of rising capital values...
Saturday 09. April 2011
Swiss Life takes majority in French Viveris
Insurer Swiss Life has taken a controlling stake in Marseille-based portfolio manager Viveris REIM, which expects to...
Saturday 09. April 2011
German project developer Aurelis eyes IPO
German construction company Hochtief and financial investor Redwood Grove want to part with project developer...
Saturday 09. April 2011
Allianz, Covea boost stake in French REIT FPF
French property leasing company Cofitem-Cofimur and its shareholders, insurance groups Allianz and Covéa, have boosted...
Saturday 09. April 2011
Belgian Liebrecht enters Russia with $140m outlet
Fashion House group, part of Belgian-based developer Liebrecht & wooD, has started construction of its $140m outlet...
Thursday 07. April 2011
Spanish property gives first positive return in 2yrs
Spanish commercial property delivered total returns of 4.9% in 2010, the first positive return in two years and after a...
Thursday 07. April 2011
Private equity RE fundraising at 8yr low
Private equity real estate fundraising totalled $5.8bn in first quarter, the lowest fresh capital inflow since 2003....
Thursday 07. April 2011
French Foncia said worth E950m on BPCE bid shortlist
French banking group BPCE has shortlisted three potential buyers for its Foncia property management services unit, with...
Thursday 07. April 2011
German GLL fund wins E308m in club debt for CEE
The property fund Accession Fund SICAV, managed by Munich-based GLL Real Estate Partners, a firm backed by Italian...
Thursday 07. April 2011
German WestImmo ups net 14%, new biz slides
Mainz-based real estate financier WestImmo, a unit of landesbank WestLB, last year boosted net income by 14% to E94.8m....
Thursday 07. April 2011
European hotels set for growth - BNP Paribas
After bottoming out in 2009, hotel investment in Europe in 2011 will continue the recovery begun last year, as...
Thursday 07. April 2011
Portuguese RE posts best returns in three years
Despite Portugal's bleak economic outlook, its commercial real estate posted a positive return of 4.2% last year, its...
Thursday 07. April 2011
German Kintyre wins E125m retail AM mandate
Frankfurt-based private real estate investment and advisory firm Kintyre Investment has secured a E125m long-term...
Monday 04. April 2011
European sale-leaseback boom coming, says Northcliffe AM
With investor interest in commercial property boosted to new heights and corporates more willing to unclutter balance...
Monday 04. April 2011
Hines Italia eyes E3bn AUM following Prima funds buy
Hines Italia CEO Manfredi Catella tells PIE his group is on its way to E3bn AUM in property funds by year-end, maybe...
Monday 04. April 2011
Henderson sees growing role of sovereign funds
Sovereign wealth funds play a growing role in European property, seeking assets that dominate marketplaces, Henderson...
Monday 04. April 2011
After creating bad bank, HRE targets pbb at expansion
Munich's pbb Deutsche Pfandbriefbank is on course to re-expand lending after its Hypo Real Estate parent outsourced...
Monday 04. April 2011
Backed by Mitsubishi, Europa Capital eyes higher allocations
UK-based Europa Capital could invest equity of E250m in Europe this year, bolstered by co-investment from new backer...
Monday 04. April 2011
Cairo Festival City developer sees Egyptian upheaval bringing foreign capital
The revolution in Egypt that toppled President Hosni Mubarak will bring democracy and attract international investment,...
Monday 04. April 2011
CBRE eyes business in Mid-East once turmoil subsides
Global realtor CB Richard Ellis will open an office in Egypt once political turmoil subsides, and may look to expand...
Monday 04. April 2011
Russian RHDF seeks foreign capital for affordable housing
Russian President Dmitry Medvedev, Prime Minister Vladimir Putin and top businessmen fully support the Russian Housing...
Monday 04. April 2011
Sustainable labels should reach beyond ecology - DGNB co-founder
Sustainability certificates should contain more than just ecological components to focus also on economical viability,...
Monday 04. April 2011
Global mayors face fresh challenges amid new realities
Mayors of global cities meeting at MIPIM identified the nascent economic cycle, climate change and urbanisation as...
Friday 01. April 2011
Berlin housing firm GSW launches E517m IPO
Berlin housing firm GSW aims to raise fresh capital of about E115m in an IPO, with the share price to be set at E19-E23...
Friday 01. April 2011
Italy commercial RE values cease free fall
Italian commercial property values stopped sliding in the second half of last year, but still registered a slight...
Friday 01. April 2011
French Gecina unit in E230m healthcare buy
Gecimed, the healthcare unit of French REIT Gecina, has signed a memorandum of agreement to acquire 30 nursing homes...
Friday 01. April 2011
German Aareal Bank sees better 2011, fewer competitors
After a successful 2010 financial year, Wiesbaden-based property financier Aareal Bank is set for expansion this year,...
Friday 01. April 2011
German DIC rights issue 5-times oversubscribed
Aggregate demand for the rights issue by Frankfurt listed office investor DIC Asset amounted to E266m, so that it was...
Friday 01. April 2011
French Silic in E450m in project near La Defense
French business park REIT/SIIC Silic will invest E450m in its Mozart mixed-use complex near the Paris business...
Friday 01. April 2011
Allianz/AMB JV targets E100m equity at logistics
Allianz Real Estate and US-based logistics developer AMB plan to invest E100m in continental Europe in 2011 through...
Friday 01. April 2011
Polish Tri-City dynamic ahead of Euro 2012 - JLL
Office property in Poland's Gdansk, Gdynia and Sopot Tri-City area is developing dynamically, with new projects on the...
Friday 01. April 2011
Madrid office offering strong potential now - BNP PRE
Despite Spain's sluggish economic recovery and 20% unemployment, among the highest in Europe, Madrid office may offer...