Sunday 30. November 2008
Helsinki hotels' revPar drops 2.2% in first nine months, but October up
Revenue per available room dropped 2.2% in the first nine months of the year over the previous period, with occupancy...
Sunday 30. November 2008
Struggling Spanish real estate firms court Arab funds
As the Spanish real estate market crumbles and listed companies either declare insolvency or plead with creditors,...
Sunday 30. November 2008
Italy's Aedes says liquidity crisis strikes its REIT project Nova Re
The liquidity crisis of struggling Italian property fund manager Aedes has plunged its REIT project Nova Re into legal...
Sunday 30. November 2008
Fortress' Eurocastle loses e190m in first three quarters
Eurocastle Investment, an investor in German office property managed and majority owned by US private equity group...
Sunday 30. November 2008
Fortress' Gagfah lowers FFO target, lifts sales target after first nine months
Gagfah, a Frankfurt-listed investor in German residential property and subsidiary of US investment fund Fortress,...
Sunday 30. November 2008
Austria's conwert 9mth profit down, cuts target but sees steady income rises
Declining revaluations pushed nine-month EBIT posted by the Austrian listed manager conwert Immobilien down to e108.27m...
Sunday 30. November 2008
Austria's Warimpex 9mth earnings up, valuations down 12%
Austria's Warimpex, which saw revenues and EBIT rise strongly in the first nine months, plans to focus on completing 13...
Sunday 30. November 2008
German open-end funds in talks to prevent future closures, govt.-imposed rules
German open-end property funds are in intense talks to establish minimum industry-wide standards for dealing with...
Sunday 30. November 2008
Italian government to ease REIT rules in face of financial crisis
The Italian government will implement amendments to its REIT regime, introduced finally tat the start of this year, to...
Sunday 30. November 2008
France ushers in SIIC 5: extends REIT regime, 60% clause due to crisis
In a major readjustment of France's REIT regime, the government is to enact legislation before year end to, among other...
Friday 21. November 2008
PSP Swiss Property posts 5.2% 9mth earnings rise, confirms full-year forecast
Zurich's listed PSP Swiss Property posted earnings per share up 5.2% to CHF2.22 (e1.46) in the first nine months of...
Friday 21. November 2008
Austria's Sparkassen Immo posts fairly steady 9mth numbers amid crisis
Austrian listed real estate group Sparkassen Immobilien reported that EBITDA for the first nine months rose by 6% to...
Friday 21. November 2008
Spain's Metrovacesa posts loss in cash and investments
Spain's largest listed property group Metrovacesa posted a e41.5m loss in third quarter against a net profit of e1.1bn...
Friday 21. November 2008
Colonial leads Spanish property companies in disastrous third-quarter earnings
Spain's strugglilng property group Colonial posted a e2.5bn loss in the first 9mths, the worst result in the sector....
Friday 21. November 2008
Italy's Aedes reports e103m losses in 3Q08 as Sopaf withdraws capital offer
Struggling listed fund manager Aedes lost a critical life-line as equity manager Sopaf withdrew its capital increase...
Friday 21. November 2008
Italian retail REIT IGD defies market woes as profits soar 43%
Italian shopping centre specialist IGD, the nation's first REIT, reported a dramatic upswing in third quarter revenues...
Friday 21. November 2008
Dutch REIT VastNed Offices/Industrial launches buyback for 10% of stock
The Dutch REIT VastNed Offices/Industrial, externally managed through the same board of management as VastNed Retail,...
Friday 21. November 2008
Orco founder Ott sees stake cut as shares sold after 90% price fall
Orco Property Group's founder and President Jean-Francois Ott said last week that his investment vehicle Ott & Co. has...
Friday 21. November 2008
Hamburg's listed TAG puts portfolio changes on hold amid crisis - Ibel
Hamburg's listed commercial and residential property investor TAG Immobilien is responding to the current crisis by...
Friday 21. November 2008
Real estate investors should remain cautious but opportunities coming soon - Aberdeen
Real estate investors should remain cautious at committing capital over the next 12 months until further valuation...
Monday 17. November 2008
Hungarian RE associations join European Property Federation, support EU REIT
The Federation of Hungarian Real Estate Associations has joined the Brussels-based European Property Federation, and...
Monday 17. November 2008
Italy's Pirelli RE to miss EBIT 2008 target, facility management to be sold
Listed real estate asset manager Pirelli RE has warned that the financial crisis and market blues will knock its...
Monday 17. November 2008
Germany's IVG posts 87% slide in net profit on downward asset valuations
Germany's largest listed property company IVG Immobilien reported a fall in group net earnings by 87% in the first nine...
Monday 17. November 2008
Spanish government mortgage aid may have credit implications for RMBS - Moody's
The Spanish government's announcement of aid for unemployed, self-employed and pensioner mortgage borrowers may hold...
Monday 17. November 2008
No pick-up in European retail market before 2010 - King Sturge
The retail property market is likely to face further pain in 2009 before a recovery starts in 2010, although even then...
Monday 17. November 2008
French REIT Affine posts stable first nine months' turnover
French REIT/SIIC Affine posted turnover in the first nine months of the year of just over e100m, virtually stable in...
Monday 17. November 2008
Dutch Wereldhave reports lower 9mth profit on downward valuations
Listed Dutch property group Wereldhave, with a diversified portfolio in Europe and the United States, posted a fall in...
Monday 17. November 2008
Spanish homebuilder Parquesol opens talks with creditors over e608m debt
Spanish property group Parquesol has opened talks with creditors to restructure debts of e608m, and "adapt the...
Monday 17. November 2008
Sanahuja family owners of Spain's Metrovacesa willing to cede power for liquidity
The Sanahuja family, owners of Spain's largest, listed property group Metrovacesa, have told the stock market regulator...
Monday 17. November 2008
Banking group looks to set Austrian ImmoFinanz/East's finances in order, says CEO Kleibl
A group of six banks is to look at the finances of former Austrian real estate giants Immofinanz and its 54.64%...
Monday 10. November 2008
Milan's CityLife seeks refinancing for e2bn landmark towers, rebuffs Russian offer
After years of legal battle and neighbourhood protest, Milan's CityLife, a e2bn mixed-use redevelopment on the former...
Monday 10. November 2008
Lack of oversupply should hold Italian RE values relatively stable - Qiref
Italian real estate prices should hold relatively stable in the current crisis since bureaucratic difficulties hinder...
Monday 10. November 2008
Australia's Valad develops non-CBD office, industrial parks in Europe
Australia's listed Valad, which two years ago bought the UK's Scarborough which included fund manager Teesland, is...
Monday 10. November 2008
Cushman & Wakefield Investors sees opportunities coming in Europe soon
Cushman & Wakefield Investors is well positioned to take advantage of opportunities arising out of Europe in the...
Monday 10. November 2008
LaSalle IM sees further European price falls, prepares fund for opportunities
European commercial real estate prices are likely to continue to soften for the next 6-9 months and it is too soon to...
Monday 10. November 2008
Italy's Risanamento agrees e75m new credit but strings attached
Italian developer Risanamento has reached a preliminary agreement with banks Intesa Sanpaolo, Unicredit, BP Milano, and...
Monday 10. November 2008
Chartered surveyors skills more in demand as a result crisis - RICS president
Skills of chartered surveyors will be more in demand as a result of the dislocation of the current crisis since...
Monday 10. November 2008
Listed real estate company turmoil spreads into unlisted fund sector
Turmoil in listed real estate spread into funds in the tumultuous capital market month of October, bringing heavy...
Monday 03. November 2008
Greece's Eurobank Properties plans investment slowdown due to crisis
Greece's biggest real-estate investment trust, Eurobank Properties, plans to slow its pace of investment over the next...
Monday 03. November 2008
Baltic countries hard-hit by global crisis - Ober-Haus
Baltic property markets have been hit hard by the global crisis, especially Estonia and Latvia, Ober-Haus Lituania...
Monday 03. November 2008
JM Sweden lays off added 400 workers after 120 since June
Listed JM Sweden, a leading Nordic housing and residential developer, is to lay off 400 workers due to declining demand...
Monday 03. November 2008
GE Real Estate delists French REIT/SIIC, transfer capital to OPCI fund
Paris-based property investment manager GE Real Estate, part of the General Electric group, has dropped the price at...
Monday 03. November 2008
Bulgari Hotel designer, Hines' Catella launch luxury residential service provider
Hines Italy CEO Manfredi Catella and architectural firm Antonio Citterio, designers of Bulgari Hotels in Milan, have...
Monday 03. November 2008
Kėron - Italy's home mortgages shrink 10% in second quarter
Italy's home mortgage market contracted sharply in the second quarter after tapering off in 1Q08, says Kėron, the...
Monday 03. November 2008
French REIT FdR to launch OPCI fund, seek foreign equity partners
French REIT/SIIC Foncičre des Régions is to launch its own OPCI open-end fund by the end of this year, and will...
Monday 03. November 2008
Dramatic contraction of office market in Italy's major cities - Nomisma
Office sales in Rome and Bologna are collapsing and they dragged down transaction volumes in big Italian cities by 20%...
Monday 03. November 2008
Austria's Immofinanz cancels approved dividend as banks meet to discss finances
Austria's listed Immofinanz is to cancel the dividend on the 2007/08 business year ostensibly already approved by...
Monday 03. November 2008
Selloff triggers redemption freezes at German open-ended property funds
Trapping around e21bn of investors' capital, some 12 German open-ended mutual property funds have in recent days...