Monday 26. January 2009
DEGI is only one of dozen German property open-end funds to plan re-opening at month end
The German fund company DEGI, since last year part of Aberdeen Property Investors, is the only firm to announce a...
Monday 26. January 2009
European RE values to bottom in third quarter 2009, CEE next year - LaSalle IM
Commercial property values in western Europe should reach base around the third quarter of this year - about three...
Monday 26. January 2009
Rome revokes property valuation reform aimed at systemic tax evasion
The Italian government in early January revoked a reform of fiscal legislation governing commercial property in which...
Monday 26. January 2009
Swiss Züblin continues asset sales following redistribution of French unit equity
The listed Swiss real estate investor Züblin has been steadily selling assets in the last few months to align its...
Monday 26. January 2009
German savings, cooperative, state banks co-arrange e400m La Défense refinancing
The German landesbank central savings bank institutions Helaba and WestLB have partnered with their cooperative banking...
Monday 26. January 2009
UK's Ærium launches two funds in Swiss assets with e620m
UK real estate investment and management group Ærium has launched two real estate funds focused on Swiss investment and...
Monday 26. January 2009
French real estate firms to introduce moderated office rental index
French real estate investment firms, already facing a hard economic situation, have in recent months been obliged to...
Monday 26. January 2009
Next part of French government e1.8bn housing plan in parliament tomorrow
The French government continues to seek ways to support the housing market, in particular to prevent widespread layoffs...
Monday 26. January 2009
Further Viennese office price drop to spark renewed buying interest this year - CPB
Viennese office market prices should moderate further this year, prompting renewed national and international buying...
Monday 26. January 2009
Sweden's Castellum swings to loss in 2008 on property valuations
Profit at Stockholm-listed Castellum, one of Sweden's major listed real estate companies, swung to a loss in 2008...
Monday 19. January 2009
Spain's Santander said eyeing Metrovacesa to build Europe's largest property group
Spain's Banco Santander may be set to take control of the nation's largest listed property group Metrovacesa,...
Monday 19. January 2009
European commercial RE yields climb, sales dive in 4Q08 - CBRE
A price correction in European office, retail and industrial real estate in the 2008 fourth quarter pushed yields out...
Monday 19. January 2009
German housing portfolio deal volume drops 57% in 2008 - C&W
The financial crisis hit German cut housing portfolio deals by 57% in 2008 to e6.1bn, with a negative mid-year trend...
Monday 19. January 2009
Vienna's Atrium raises equity from investors, plans new listing
Atrium European Real Estate, formerly Meinl European Land, has agreed a new equity raising with investors Citi Property...
Monday 19. January 2009
Paris office rentals to fall below 2m sq.m., negative net absorption - Keops
The Paris region office leasing is likely to fall below the 2m sq.m. in volume during 2009, which would be a drop of...
Monday 19. January 2009
French house prices seen dropping 10%-15% this year, no pickup in 2010
House prices in France are likely to drop in 2009 by another 10% to 15% while 2010 is unlikely to be any better, says...
Monday 19. January 2009
Finland to start e590m Helsinki-Vantaa airport rail link in spring
Construction of the rail connection to the Helsinki-Vantaa international airport will start next spring, and the 18-km...
Monday 19. January 2009
Italy's 2008 grim housing market seen spilling over into 2009
Italy's housing market tallied grim figures for 2008, and more gloom is expected in 2009. The government body Agenzia...
Monday 19. January 2009
Catalan-based Metropolis readies e500m Europe-wide RE buying spree
The Catalan-based investment group Metropolis has formed a new property investment arm known as Metroinvest, made up of...
Monday 19. January 2009
TriGranit to start Slovenia's biggest project, in Ljubljana; halves pipeline to e4bn
Hungarian listed developer Trigranit is to kick off its Emonika city centre project in the Slovenian capital of...
Sunday 11. January 2009
Spain's housing slide sparks worries of spillover into 2009 banking crisis
Spain`s housing crisis continues to deepen, and the inclusion of Banco Popular in a year-end bank credit downgrade by...
Sunday 11. January 2009
European ProLogis restructures amid Moody's downgrade, negative outlook
ProLogis European Properties, the majority-held European unit of US logistics REIT ProLogis, has had its corporate...
Sunday 11. January 2009
Invesco RE to allocate e700m to Germany in next 2yrs, but waiting for yield rises
Invesco Real Estate intends to allocate around e700m to German property assets over the next two years but as yet has...
Sunday 11. January 2009
Sweden's Kungsleden raises full-year profit estimates after substantial sales
Sweden's listed Kungsleden raised its full-year profit estimate to SEK800m (e75.7m) from SEK700m (e66.2m) after a...
Sunday 11. January 2009
Austria's Immofinanz, Immoeast to focus on cash-flow after heavy losses
Austria's listed Immofinanz, which reported huge first-half pre-tax losses of e2.65bn against a year earlier profit of...
Sunday 11. January 2009
Norwegian Property faces 2009 with new chairman Hermansen, re-cast board
The largest listed property company in Scandinavia, the three-year old Norwegian Property, is poised to enter a new...
Sunday 11. January 2009
Dutch Corio sells assets, seals loan to raise e180m as new CEO arrives
Dutch shopping centre REIT Corio raised significant new liquidity at year end, agreeing a two-year e100m loan with ING...
Sunday 11. January 2009
German open-end fund Kanam sees 5% yield for 2008/9 business year
German open end property fund company Kanam has newly valued the entire real estate portfolio in its Grundinvest fund....
Sunday 11. January 2009
More than e50bn in equity targeting Europe; opportunities too good to miss-JLL
Over e50bn of equity capital is targeting European commercial real estate in 2009, according to Jones Lang LaSalle....
Sunday 11. January 2009
German institutions to raise RE share by 2011, move toward indirect - Feri Euroratings
German institutional investors intend to raise the real estate share in investment portfolios to 7.5% by 2011, but aim...
Tuesday 06. January 2009
Global RE stocks slide 45%; worst 2008 asset class
Global real estate stocks fell by 45% through 2008 as a whole, a signifi cantly worse performance than industrial...
Tuesday 06. January 2009
Corporate raider Vedder, Santo build stake in Germany's IVG
One of Germany's most renowned corporate raiders Clemens J. Vedder has taken a stake in
the nation's largest listed...
Tuesday 06. January 2009
Spain`s Metrovacesa insists on Gecina separation
Spain's largest listed property company Metrovacesa is insisting on the terms of a legal
agreement with its French unit...
Tuesday 06. January 2009
French REIT Gecina sets e700m disposals, interim dividend
French REIT/SIIC Gecina will make e600m-e700m of asset disposals in 2009 to further cut
debt, and said it expected to...
Tuesday 06. January 2009
Italy's Risanamento signs e475m project sale to Limitless
Dubai developer Limitless has signed a binding agreement to buy one of Europe's largest
development projects from...
Tuesday 06. January 2009
German property OEFs see e721m net capital outfl ows
German open-end property funds saw net outfl ows of e721m in November, tipping the
capital balance for 2008 to date...
Tuesday 06. January 2009
Warsaw`s Echo enters Romania in e150m Transylvania mall
Polish commercial and residential investor and developer Echo Investment, listed in Warsaw,
plans to build a e150m...