Monday 15. December 2008
JLL's Ulbrich sees 2009 as year of pain for European property
The year 2009 will be a year of pain for the European property sector, says Christian Ulbrich Head of Jones Lang...
Monday 15. December 2008
Austria's troubled Immofinanz sells e130m in property to raise cash
Austria's hard-hit real estate company Immofinanz has sold some e130m in Viennese property, easing its financial...
Monday 15. December 2008
Dutch Heijmans to lay off further 450 jobs in operational areas
Listed Dutch property developer and technical services provider Heijmans's-Hertogenbosch has reached agreement with...
Monday 15. December 2008
Austria's Warimpex 9mth earnings climb 20%; eyes new hotels in Poland
Warimpex, the listed Vienna-based developer of commercial property in CEE, posted growth in nine-month earnings and...
Monday 15. December 2008
Italy's Fimit receives green light for Omega fund, e865m acquisition
The Bank of Italy has approved Fimit's Omega real estate fund, the last hurdle to its acquisition of Intesa Sanpaolo's...
Monday 15. December 2008
Italy's Aedes accepts terms of e150m capital increase
Listed Italian fund manager Aedes has accepted the terms of a e150m capital increase proposal from VI-BA, a unit of...
Monday 15. December 2008
Sweden's listed Fabege in e360m asset sale to private Olov Lindgren group
Swedish listed property group Fabege has sold a Stockholm office complex to the group Byggnadsfirma Olov Lindgren, also...
Monday 15. December 2008
Metrovacesa obliged to sell HSBC tower back at ₤250m loss
HSBC said it will make a gain of ₤250m from the repurchase of its European headquarters in London from Spain's...
Monday 15. December 2008
Germany's Allianz Immobilien recruits Tishman's Brendgen as CIO real estate
Allianz Immobilien, the regional European real estate asset subsidiary of the giant Munich-based insurer, is continuing...
Monday 15. December 2008
EMEA hotel industry moves toward hold/sell as sentiment worsens
Hotel investor sentiment in Europe, Middle East and Africa has moved further toward hold and sell as the credit crisis...
Monday 08. December 2008
Citycon makes further buyback of its convertible bonds at 46% of face value
Finnish listed shopping centre developer and investor Citycon has made yet another repurchase tranche of its...
Monday 08. December 2008
French October housing starts dive 21%, 12th consecutive monthly drop
French new housing starts fell in October for the 12th month in a row and by nearly 21%, the largest decline in four...
Monday 08. December 2008
Greece's Babis Vovos swings to profit in first nine months
Greece's largest quoted property company Babis Vovos posted after-tax profit of e41.5m for the first nine months of...
Monday 08. December 2008
Swiss Züblin's first-half operating profit up, but devaluations turn net to loss
The Swiss listed Züblin Group recorded first-half operating profit up 25%, but a 5.2% like-for-like decline in...
Monday 08. December 2008
Italy's Risanamento e4.3bn divestment program remains stuck as losses deepen
Milan-based listed property developer Risanamento said it has yet to close a major sale in its program to unload...
Monday 08. December 2008
Spain's Sanahuja family swap 54% of Metrovacesa equity against bank debt
Metrovacesa, Spain's largest listed property company by assets struggling under a reported debt load of around e7bn,...
Monday 08. December 2008
Germany's Siemens bundles all property into SRE management unit
The giant German electronics group Siemens is to place its entire real estate portfolio totalling 18m sq.m. of space...
Monday 08. December 2008
Norway's e236bn oil fund has e16bn sitting on sidelines for real estate
Norway's e236bn pension sovereign wealth fund has nearly e16bn `sitting on the sidelines' waiting for investment in...
Monday 08. December 2008
Rome also to ease REIT rules in face of financial crisis
The Italian government will amend its REIT regime, introduced finally at the start of this year, in order to ease...
Monday 08. December 2008
In SIIC 5, France extends REIT regime, 60% clause due to financial crisis
The French Senate has now adopted most amendments to the REIT law amendment SIIC 5 proposed last month. The legislation...