Friday 23. May 2008
Markets cooled but outlook positive in Poland, CEE - investors
Compared with western Europe, participants in the Central Europe Property & Investment Fair conference in Warsaw...
Friday 23. May 2008
Continental European real estate markets no longer in denial - JLL's Horrell
Continental European real estate markets were in denial in the second half of last year over the potential impact of...
Friday 23. May 2008
Spain, France follow UK, US lower but shouldn't fall as far - Aberdeen's Bronda
Spanish and French commercial property markets are following UK and US valuations lower, even while Germany is holding...
Friday 23. May 2008
Icelandic magnates juggle stakes in Danish Property Group
Two Icelandic-controlled groups have built a 22.5% stake in Property Group, based in Denmark, bringing the soon-to-list...
Friday 23. May 2008
Deutsche Postbank puts e800m portfolio on sale, mostly in lease-back
The Deutsche Postbank retail bank, majority-owned by the state's German Post Office Deutsche Post, is putting up for...
Friday 23. May 2008
Italy's Berlusconi cabinet meets to abolish first-home property tax
The Italian government of Silvio Berlusconi has convened its council of ministers in Naples to put the final touches on...
Friday 23. May 2008
Italy's Risanamento doubles first quarter loss, debt unchanged
The Milan-based troubled property group Risanamento posted a net loss of e29.3m in first quarter 2008, more than double...
Friday 23. May 2008
Colonial assets marked down e400m in fresh audit, posts 1Q08 loss
An independent audit of the assets of listed Spanish property group Inmobiliaria Colonial has slashed nearly e400m from...
Friday 23. May 2008
UBS may exit e500m Milan project, sources say
Hints are emerging that Swiss Bank UBS may pull out of financing the privately-held Italian real estate company Gruppo...
Friday 23. May 2008
European RE firms tackling funding challenges head on, led by Spanish
After being in a state of denial during second half 2007, European property companies, having experienced very...
Monday 19. May 2008
Sweden's listed Hufvudstaden sees 10% jump in gross profit in first quarter
Listed Swedish real estate company Hufvudstaden, which owns and manages real estate in the country's main cities, said...
Monday 19. May 2008
Austria's Warimpex CEE developer surpasses IPO's 2007 targets, doubles EBIT
Austria's listed emerging eastern Europe hotel investor and developer Warimpex said 2007 results surpassed IPO goals...
Monday 19. May 2008
Germany's Patrizia posts first quarter loss, forecasts 2008 pre-tax of e30m
The Augsburg-based residential investor and developer Patrizia Immobilien reported a pre-tax loss of e18.6m in the...
Monday 19. May 2008
US Starwood, ex-boss said behind bid for Norway's Norgani Hotels
Starwood Capital, the US private equity group, and former boss Kjell Sagstad are behind the e1.4bn bid to take over...
Monday 19. May 2008
Colonial's French REIT SFL sees 8% rise in first quarter rental income
French REIT Société Foncière Lyonnaise, in the midst of being divested by its struggling majority Spanish owner...
Monday 19. May 2008
Rivero may reduce French Gecina stake to facilitate Metrovacesa separation
Joaquin Rivero, chairman and senior shareholder of French REIT/SIIC Gecina, could reduce his equity holding to offset...
Monday 19. May 2008
Germany's Eurohypo sees first quarter fall sharply to e80m pre-tax
Germany's largest commercial property financier Eurohypo, part of the Commerzbank group, posted pre-tax profit of e80m...
Monday 19. May 2008
French Foncière des Régions says 2008 disposals reached e679m, adds Telecom
French REIT/SIIC Foncière des Régions said it has made e567m in property sales and sale agreements in 2008 to date,...
Monday 19. May 2008
French REIT Tour Eiffel posts 15% rise in first quarter turnover
French REIT/SIIC Société de la Tour Eiffel posted a 15% rise in first quarter consolidated turnover to e20.6m compared...
Monday 19. May 2008
Germany's DIC Asset has 1Q08 fall in net due to higher financing costs
German listed commercial property investor and developer DIC Asset reported a drop in consolidated net income in first...
Monday 19. May 2008
Sweden's listed Hufvudstaden sees 10% jump in gross profit in first quarter
Listed Swedish real estate company Hufvudstaden, which owns and manages real estate in the country's main cities, said...
Monday 19. May 2008
Austria's Warimpex CEE developer surpasses IPO's 2007 targets, doubles EBIT
Austria's listed emerging eastern Europe hotel investor and developer Warimpex said 2007 results surpassed IPO goals...
Monday 19. May 2008
Germany's Patrizia posts first quarter loss, forecasts 2008 pre-tax of e30m
The Augsburg-based residential investor and developer Patrizia Immobilien reported a pre-tax loss of e18.6m in the...
Monday 19. May 2008
US Starwood, ex-boss said behind bid for Norway's Norgani Hotels
Starwood Capital, the US private equity group, and former boss Kjell Sagstad are behind the e1.4bn bid to take over...
Friday 09. May 2008
Spanish indebted property owners now putting all assets up for sale, GRI hears
Spanish commercial real estate, particularly in the capital Madrid, has in the last few months quickly become hugely...
Friday 09. May 2008
Banks consider participating in real estate returns up to 20% - Deutsche GRI
The impact on banks' balance sheets from the severe downturn in the real estate market since US sub-prime broke has...
Friday 09. May 2008
Pension, sovereign wealth funds shift to universal investment - McKinsey
Global pension funds and sovereign wealth funds are changing investment approach to a universal, global view, moving...
Friday 09. May 2008
Germany's AMB Generali sees institutions boosting indirect, international RE
AMB Generali Immobilien, the German property investment unit of the Italian general insurance group, will continue to...
Friday 09. May 2008
Netherlands' giant PGGM weighing more listed RE investments, diversification
In reaction to the real estate downturn in the wake of the US sub-prime crisis, the giant Dutch fund manager PGGM is to...
Friday 09. May 2008
Chinese building group invests e200m in Bucharest housing
Chinese construction materials firm Orient Hyperconstruct Zheng Shi International plans to invest e200m in residential...
Friday 09. May 2008
GE Real Estate to expand German exposure after e1.3bn Capmark buy
In the next three years, GE Real Estate wants to expand its investment in the German property market to around e4bn...
Friday 09. May 2008
Spain's Colonial 21% owned by creditor banks as Portillo, Nozaleda sell
Luis Portillo, founder and former chairman of struggling Spanish property group Colonial, has sold a 24.6% stake to his...
Friday 09. May 2008
Aberdeen's Goodman buy, INREV, Blackstone, ING show funds surging
Aberdeen's snapping up of Goodman Property Investors, coming hot on the heels of its DEGI purchase, is the latest sign...
Monday 05. May 2008
European property fund association asked to research Asia too - INREV's van Doorn
The European property funds association INREV has been asked by members to broaden its mandate to research target...
Monday 05. May 2008
Bouwfonds back in more serious talks with Vastned over takeover - sources
Asset manager Bouwfonds, part of the Netherlands-based Rabobank cooperative group, has resumed talks with Dutch retail...
Friday 02. May 2008
Donald Trump to raise Towers in Istanbul
US real estate magnate Donald Trump has signed an agreement with Turkish conglomerate
Dogan Yayin to build an office,...
Friday 02. May 2008
GE Real Estate to offer funds balancing proprietary, gain efficiencies - Piani
The head of GE Real Estate Europe says the global real estate
investment manager, with e75.4bn in assets under...
Friday 02. May 2008
French REIT/SIIC Gecina considers share split amid Metrovacesa talks
French REIT/SIIC Gecina, for months stalled within a complex
separation process from parent Metrovacesa of Spain,...
Friday 02. May 2008
Italy's IGD specialist aims to become REIT/SIIQ this year, bucking trend
Italian listed real estate company IGD will become a REIT
for this tax year. The company, which specialises in large...
Friday 02. May 2008
French Ciloger launches first two OPCI property funds for private savers
French fund manager Ciloger has launched the first two
property funds aimed at private savers in the form of the...
Friday 02. May 2008
Banks to force Spain's Nozar and Portillo to cut stake in Colonial
Unlisted Spanish developer Nozar will reduce its stake in
struggling listed property group Colonial but will not sell...