Monday 23. February 2009
Cologne's listed Colonia on cost-cut target, has no need for equity - CEO Rind
Cologne's listed Colonia Real estate is on target for cost reduction after re-focusing on its 28,000-unit residential...
Monday 23. February 2009
German industrial Evonik aims to float interests in two apartment portfolios
The Essen-based industrial conglomerate Evonik Industries, which incorporates the former Degussa chemicals group, aims...
Monday 23. February 2009
Austria's Immofinanz loses CEO Kleibl after just four months
The CEO of Austria's listed Immofinanz, once one of Europe's largest real estate companies but now struggling to...
Monday 23. February 2009
Finnish Citycon swings to loss but sees net rental income up in 2009
Helsinki-listed Citycon, Finnish shopping centre developer and manager, swung to a pre-tax loss of e162.3m last year...
Monday 23. February 2009
Sweden's Kungsleden sells 50% of its public properties for e1.4bn, reports 2008 loss
Swedish listed commercial property group Kungsleden has agreed to sell 50% of its 282 public properties to pension...
Monday 23. February 2009
German Eurohypo sees 2008 earnings dive into loss from Essen Hyp takeover
Germany's largest commercial property lender Eurohypo, part of the Commerzbank group, reported a pre-tax loss of e1.4bn...
Monday 23. February 2009
Pfandbrief make good start to year, sparks revival hopes - VDP's Rasche
Signs are growing of some revival of the German Pfandbrief covered bond market. Some e8bn in volume were issued in...
Monday 23. February 2009
French OPCI growth portends larger investment share for property funds
The addition in France of OPCI open-end property funds to the existing SCPI mutual fund segment is likely to mean that...
Monday 23. February 2009
Spanish house prices down 20% from summer 2008 - developers group
Spanish residential prices have fallen 20% since summer 2008, according to Spain's major property developers under the...
Monday 23. February 2009
Italy suffers massive real estate tax evasion, illegal building - survey
Roughly 500,000 homes or more than 15% of Italy's rental stock goes undeclared to tax authorities, a gap worth an...
Monday 16. February 2009
Debt de-leveraging is bigger issue than equity for RE recovery - PwC's Forbes
One of the main elements influencing an eventual recovery of European property from the current crisis will be its...
Monday 16. February 2009
Capital market crisis risks morphing into occupier crisis - ULI/PwC report
The current downturn risks transforming, with the recession, from a capital market crisis into an occupier crisis and...
Monday 16. February 2009
German property funds end year with inflows, 4.7% return despite depreciations
German open-end property funds posted a net inflow of e861m in December even into some of the 11 that remained closed,...
Monday 16. February 2009
German open RE funds to press for changes in legislation
German open-end funds are to lobby the government of Chancellor Angela Merkel to modify the Investment Law to help...
Monday 16. February 2009
Unibail-Rodamco posts recurring EPS rise in 2008, 11% fall in NAV
French-Dutch REIT Unibail-Rodamco, Europe's largest listed real estate company, reported a rise of 8.4% in recurring...
Monday 16. February 2009
Norwegian Property posts large net loss, focuses on cash-flow, balance sheet
Listed commercial property investor Norwegian Property reported strong operations yields and improved cash-flow in 2008...
Monday 16. February 2009
French housing attracts only 9% of institutional investments - Ad Valorem
Institutional investors in France allocated just e1.5bn to housing last year, some 9% of total investment volumes, with...
Monday 16. February 2009
Germany's Postbank re-opens Jumbo Pfandbrief market after hiatus
The German Postbank, a unit of the German Post Office in the process of being sold to Deutsche Bank, has successfully...
Monday 16. February 2009
Paris office seen resilient in crisis, but not UK bargain - ULI conference
Paris commercial real estate should prove to be fairly resilient in the crisis, even if the deep valuation declines in...
Monday 16. February 2009
UK's Bell Capital launched to intermediate RE financing
Real estate financiers Robert Bell and Robert Palache have launched Bell Capital Partners to provide real estate asset...
Sunday 08. February 2009
Top Spanish banks set to take 66% of Metrovacesa
Top Spanish banks are set to take an additional 10% stake in Spain's largest listed property group, the struggling...
Sunday 08. February 2009
Spanish draft REIT's legislation still has a long way to go
Even if the Spanish government hopes that the introduction of REIT/SOCIMIs, announced hurriedly late last year, will...
Sunday 08. February 2009
German closed-end funds' capital inflows rising now
German closed-end funds are attracting increasing capital inflows from private investors, according to sector...
Sunday 08. February 2009
Pfandbrief covered bonds seeing some return of investors - von Köller
The German Pfandbrief covered bond market is showing slight signs of recovery, with institutions beginning to invest...
Sunday 08. February 2009
Spanish housing's year of living dangerously may turn later this year
2008 will be remembered not only as the year of living dangerously for Spanish real estate but also as a period when...
Sunday 08. February 2009
French retail SIIC Klépierre denies covenant breach risk
French shopping centre REIT Klépierre could be at risk of breaching the terms of its bank loans due to property...
Sunday 08. February 2009
Orion buys French SFL equity, just after Credit Agricole's Calyon takes 8.8%
Private equity firm Orion Capital Managers has become the latest buyer into the equity of French REIT Société Foncière...
Sunday 08. February 2009
German open RE funds to press to separate retail, institutional
The German open-end property fund community is to lobby the government to change legislation to provide a structure for...
Sunday 08. February 2009
Paris-based Weinberg gets AMF green light for two OPCIs
The French financial market supervisory authority has given the green light to Paris-based private equity group...
Sunday 08. February 2009
German housing supply is not keeping pace with needs- institute/IVD
Germany will need around 400, 000 new housing units every year up until 2025, more than double the number currently...
Monday 02. February 2009
German open-end funds said likely to re-open before October, capital now flows in
Many German open-end real estate funds that remained closed at the end of January to investor capital withdrawals are...
Monday 02. February 2009
Orion buys French SFL equity, just after Credit Agricole's Calyon takes 8.8%
Private equity firm Orion Capital Managers has become the latest buyer into the equity of French REIT Société Foncière...
Monday 02. February 2009
Top Spanish banks set to take 66% of Metrovacesa, change management
Top Spanish banks are set to take an additional 10% stake in Spain's largest listed property group, the struggling...
Monday 02. February 2009
German Landesbanks to be reduced to three from current seven
Among the many elements of the financial market landscape that the current crisis is transforming is the sector of the...
Monday 02. February 2009
Distressed real estate deals will dictate German investment volume - E & Y
The volume of German real estate investment transactions in 2009 will be determined by the amount of distressed or...
Monday 02. February 2009
French Moslems plan to build 200 mosques in next few years
The construction of mosques in France will accelerate in the next few years with the planned opening of 200 new mosques...
Monday 02. February 2009
French REIT FPF cancels 5.1% of capital in response to share selloff
French REIT/SIIC Foncière Paris France, specialised in commercial real estate, has cancelled 92,000 treasury shares...
Monday 02. February 2009
Italy's Beni Stabili 2008 operating income to rise 8% - Mazzocco
Beni Stabili, the Italian office investment and management unit of French REIT/SIIC Foncière des Régions, should show...
Monday 02. February 2009
CMBS market in EMEA to stay slow in 2009, at e10bn-e15bn volume - Moody's
The commercial mortgage-backed securities market in Europe, the Middle East and Africa should rebound slightly in 2009...
Monday 02. February 2009
Spain's Colonial rejects bids for Riofisa under e500m as inadequate - sources
Struggling listed Spanish real estate group Colonial, since early last year in control of its credit banks, has...