Monday 30. March 2009
Orco granted 6mth protection from creditors in French court
CEE listed development and investment company Orco Property has applied for protection from creditors by a court in...
Monday 30. March 2009
Germany's Patrizia doubles home sales, rolls over key funding
Augsburg-based listed housing developer Patrizia nearly doubled the sales of homes in 2008 to almost 1,200 units and...
Monday 30. March 2009
Aareal covers much 2009 funding with e2bn gov-guaranteed bond
Wiesbaden-based commercial real estate financier Aareal has covered much of its 2009 financing after the issue of a...
Monday 30. March 2009
Retail trend toward German city centres to continue - GfK
In the five years since 2003, retail turnover in Germany's largest city centres has grown by some 8.8% while retail...
Monday 30. March 2009
IPD says Italian 2008 property fund returns fractionally positive
Italian property funds returned a negative 1.8% in the six months to December, the first loss since records began,...
Monday 30. March 2009
Sweden's residential market posts negative returns - IPD
Swedish residential property posted a nearly 5% negative return in 2008, the first negative return in the index's...
Monday 30. March 2009
Resilient income keeps Portugal RE 2008 returns positive - IPD
Portuguese commercial property provided total returns last year of just 2.6%, well down from the 12.2% in 2007,...
Monday 30. March 2009
Austria's Atrium posts 2008 pre-tax loss on portfolio markdowns
Atrium European Real Estate, formerly Meinl European Land, a leading central and eastern European real estate investor...
Monday 30. March 2009
Austria's Immoeast posts three-quarters loss on depreciation
Austria's listed CEE developer and investor Immoeast, sister company to Immofinanz, continued to struggle in the first...
Monday 30. March 2009
Czech ECM posts 2008 net loss of e92m, NAV slide
Prague-listed Czech commercial developer and investor ECM Real Estate reported 2008 results "strongly impacted" by the...
Monday 23. March 2009
France establishes ILAT commercial RE rent index to abolish distortions
The four main French real estate associations have signed a protocol for the creation of a new commercial rental index,...
Monday 23. March 2009
Norway Fund to focus European RE investment on UK due transparency
Norway's giant Government Pension Fund, despite having made spectacular losses on investments in 2008, will hold to its...
Monday 23. March 2009
Austria's Warimpex sees steady 2009, watches for distressed opportunities
Vienna-based Warimpex, a listed hotel and office developer in central and eastern Europe plus Paris and Berlin, aims to...
Monday 23. March 2009
Orco postpones 2008 results report to end-March, suspends stock
Orco Property Group, listed on Euronext and in Prague, Budapest and Warsaw, has postponed release of 2008 results to...
Monday 23. March 2009
Heitman said well positioned for CEE opportunities after fund launch
The European private equity arm of Chicago-based real estate investor Heitman is well positioned to exploit...
Monday 23. March 2009
Baltic Property targets 15%-20% returns in Nordic opportunity fund
The Denmark-based Baltic Property Trust is launching a new fund, BPT Nordic Opportunity, to focus on heavily discounted...
Monday 23. March 2009
Germany's DEGI invests e1.7bn in 2008, seeks more opportunities this year
German real estate fund manager DEGI, now part of Aberdeen Property Investors, last year invested e1.7bn on behalf of...
Monday 23. March 2009
Drescher to step down as CEO of Fortress' GAGFAH
Burkhard Drescher, CEO of the listed housing group GAGFAH controlled by Fortess Investments, is to leave the post at...
Monday 23. March 2009
Hines, Calpers cut funds targeting Spanish `costas' property
Hines Interests España and the giant California Public Employees' Retirement System pension fund have cut the amount of...
Monday 23. March 2009
AIM's SEE investor Dolphin launches assets-for-shares program
SEE residential resort investor Dolphin Capital Investors, listed on London's AIM, is planning to offer shareholders...
Monday 16. March 2009
MIPIM 2009: European property stuck, waiting for market clearing
The key question for mainland European investment real estate at MIPIM in Cannes last week was if banks will continue...
Monday 16. March 2009
Bonn's IVG posts deep loss on portfolio markdown, but operations up 14%
Bonn-based IVG Immobilien, Germany's largest listed commercial property group, reported a 2008 net consolidated loss of...
Monday 16. March 2009
Netherlands property posts strongest European 2008 returns - IPD
Dutch real estate produced total returns last year of 3.3%, far lower than the 11.3% in 2007, but despite this the...
Monday 16. March 2009
Frankfurt's DIC Asset posts 30% profit slide; to pay div. close to 9%
Frankfurt-based DIC Asset posted 2008 consolidated net income of e25.2m, within expectations, but 30% down on 2007,...
Monday 16. March 2009
French SIIC Affine boosts cash-flow but hit by asset falls, debt rise
French REIT/SIIC Affine posted a 34.4% increase in 2008 operational cash flow to e47.7m, and a 3.4% raise in...
Monday 16. March 2009
French FdR sees recurring net income up 9%, but NAV off 13%
French REIT Foncière des Régions recorded recurring net income up 9% to e285m for 2008, but group share of net income...
Monday 16. March 2009
Immofinanz sells Austrian assets to Immoeast as loan repayment
Austria's Immofinanz, now struggling under a huge debt load, has sold its Austrian holdings to subsidiary Immoeast for...
Monday 16. March 2009
Both Dutch VastNed funds slide into 2008 loss on revaluations
Both listed property funds of the Netherlands-based VastNed group, Retail and Office/Industrial, swung to a loss in...
Monday 16. March 2009
Spain's savings banks launch vehicle to offload repossessed assets
The 42 savings banks which form part of Ahorro Corp have launched a property investment vehicle to offload property...
Monday 16. March 2009
Czech's richest man, ECM founder set up largest property manager JV
Czech Republic's richest man and one of its most successful real estate entrepreneurs have set up a joint venture to...
Monday 09. March 2009
Spain's Santander to sell e319m asset amid run on Banif fund
Spanish bank Santander has put the Plenilunio retail leisure centre, valued at e319m, up for sale in its Santander...
Monday 09. March 2009
Spain's Colonial struggles with debt, posts e4bn loss
Spain's struggling property group Inmobiliaria Colonial reported net losses of e3.98bn for 2008, a record for the...
Monday 09. March 2009
Italy's Risanamento, Limitless redefine e475m Falck sale
Milan-based listed developer Risanamento and Dubai development firm Limitless, a unit of Dubai World, are revising...
Monday 09. March 2009
Success of OPCIs promises bigger share for French property funds
Property managers have launched 38 French OPCI open-end funds with over e5bn AUM since October 2007. Arnaud Dewachter,...
Monday 09. March 2009
Swiss Allreal could add another CHF700m assets, says CEO
The CEO of Swiss listed real estate group Allreal says its capital is adequate to expand the portfolio by up to another...
Monday 09. March 2009
Free of Dawnay Day, Sirius sees strong German park demand
German business parks and mixed small industrial assets have begun to attract significant enquiries from companies...
Monday 09. March 2009
France's Gecina sees 2008 cash-flow up 9%, net dives to e875m loss
France's second largest property firm, the REIT/SIIC Gecina, posted 2008 cash-flow up 9% , and said recurring income...
Monday 09. March 2009
DekaBank adds e220m assets in 2009, AUM near e20bn
Germany's DekaBank has remained on the acquisition trail early in the new year and added an estimated e220m to its real...
Monday 09. March 2009
CEE market standoff continues, EastEuro Link hears
Central and eastern Europe will suffer a lengthy property market standoff as a buyer's market has replaced a seller's...
Monday 09. March 2009
German house prices to hold steady in 2009 despite recession - reports
German house prices have resisted the economic crisis so far and are holding relatively steady and even rising slightly...
Monday 02. March 2009
PSP Swiss Property posts 3% rise in 2008 net earnings, positive about future
The Zurich-based listed PSP Swiss Property reported a 3.3% rise in net earnings for 2008, excluding revaluation gains,...
Monday 02. March 2009
Swiss Allreal posts 11% rise in operating result, lower valuations cut EPS
The Zurich listed real estate group Allreal reported an 11.5% rise in 2008 operating profit excluding valuation gains...
Monday 02. March 2009
Corporate raider Schneidewind breaches 5% threshold of Germany's IVG
The shareholder group that seems to be building a stake in Germany's largest commercial property company, the listed...
Monday 02. March 2009
France's Gecina sees 2008 cash-flow up 9%, net dives to e875m loss
France's second largest property firm, the REIT/SIIC Gecina, posted 2008 cash-flow up 9% and said recurring income...
Monday 02. March 2009
Germany's DIC expects 2008 profit of e25m, 8.5% portfolio depreciation
German commercial property manager DIC Asset anticipates earning around e25m 2008 group profit when it reports final...
Monday 02. March 2009
Warburg-Henderson launches fund Master-KAG service after law changes
Hamburg's Warburg-Henderson, a joint venture of MM Warburg bank and Hendersons Global Investors, is launching a service...
Monday 02. March 2009
Invista RE posts 2008 loss of £3.7m, recurring revenues down only 8%
The UK-based real estate funds group Invista Real Estate, substantially invested also throughout Europe, posted a...
Monday 02. March 2009
German January house prices fell 0.8%, still 1% higher on year - Hypoport
German house prices fell by a median 0.8% in January against the prior month, but were still 1.1% above their level 12...
Monday 02. March 2009
Swedish real estate returns fall to new low in 2008 - IPD
Total Swedish real estate returns swung to a negative 3.3% in 2008 a sharp fall from the 14.7% achieved in 2007, driven...
Monday 02. March 2009
Dutch Corio's 2008 results largely flat, cancels e948m in projects
Dutch shopping centre REIT Corio posted steady 2008 operating profit and forecast a similar result for 2009, while also...