Friday 22. August 2008
Colony Capital, others said in talks on stakes in Italy's struggling Aedes
The LA-based private equity group Colony Capital is reported in talks with Italy's listed property fund manager Aedes...
Friday 22. August 2008
Global commercial RE volume falls 41% but globalisation holds firm - JLL
Global commercial property transaction volumes in the first half fell 41% from the record 2007 period and, at $236bn,...
Friday 22. August 2008
Germany's Patrizia says house prices holding steady despite poor market
Augsburg-based housing developer Patrizia reported average prices for disposals in the first half of e2,213 per sq.m....
Friday 22. August 2008
Iberian crisis sinks Portugal-based Sonae Sierra's earnings in first half
Portuguese shopping centre specialist Sonae Sierra posted a e1.3m net profit in the first half of 2008, down massively...
Friday 22. August 2008
Switzerland's PSP Swiss Property boosts EPS by 7% in first half
Zurich-based listed real estate group PSP Swiss Property boosted its earnings in the first half, eporting net income...
Friday 22. August 2008
Klepierre, ABP in e2.7bn joint venture to acquire Norway's Steen & Strom
French REIT/SIIC Klépierre and Dutch pension fund ABP, which is one of its major investors, have formed a joint venture...
Friday 22. August 2008
Immofinanz, Immoeast could merge this year, Petrikovics says
Karl Petrikovics, CEO of Immofinanz and Immoeast, said the two companies could merge by the end of the year. He told...
Friday 22. August 2008
Capital & Regional to restructure e668m German portfolio as DB boosts stake
Deutsche Bank has successively boosted its stake in the London-based property asset manager Capital & Regional over...
Friday 22. August 2008
US pension manager TIAA-CREF to targetEuropean RE with new London office
One of America's largest institutional real estate investors, the teachers pension fund manager TIAA-REF, has opened an...
Friday 22. August 2008
First half earnings poor-to-mixed as RE firms take stock of credit crunch
European property firms reported poor-to-mixed first-half results in the summer break,
stemming mostly from lower...