Wednesday 29. April 2009
Catalyst Capital in innovative approach to German, French bank REO assets
European private equity real estate asset manager and developer Catalyst Capital is using its new opportunity fund to...
Wednesday 29. April 2009
French real estate investment volume drops 73% in 1Q09 - Cushman
Investment volumes in French real estate plunged 73% during the first quarter of 2009 from 1Q08, or e1.2bn against...
Wednesday 29. April 2009
Germany's ECE pulls in horns amid crisis, eyes east European opportunities
German shopping centre specialist ECE has scaled down project development to weather the current financial market...
Monday 27. April 2009
CBRE sets up EMEA China desk as banks dip toes into Europe
Chinese banks and state-owned concerns are increasingly testing the waters outside their home country, setting up...
Monday 27. April 2009
Spain's Sacyr restates 2008, revises losses up by 45%
Spanish builder Sacyr Vallehermoso has restated 2008 accounts to the stock market regulator, raising losses by some 45%...
Monday 27. April 2009
Orco 2008 net loss e391m vs profit e88m; fight for survival continues
CEE development and investment company Orco Property Group, under protection from creditors by the French Commercial...
Monday 27. April 2009
Finland's Citycon posts 1Q09 loss, rental income seen up
Helsinki-listed retail mall developer Citycon posted a first-quarter pre-tax loss of e18m against profit of e11.3m in...
Monday 27. April 2009
Spain's Realia requests insolvency, in advanced talks with banks
Spanish property group Realia, which said it expects negative cash flow of e406m in 2009, last month presented an...
Monday 27. April 2009
Property stocks lead direct values by six months - EPRA
Real estate stocks generally lead moves in the underlying direct property market by an average of six months, according...
Monday 27. April 2009
Austria's Immofinanz cuts e313m liabilities with bond swap
Hard-hit Austrian-listed Immofinanz, in a restructuring to boost equity and lower debt, said a convertible debt swap...
Monday 27. April 2009
Finland's Citycon posts 1Q09 loss, rental income seen up
Helsinki-listed Citycon, an owner and developer of shopping centres, posted a first-quarter pre-tax loss of e18m...
Monday 27. April 2009
Property fund commitments halved, debt levels a concern - INREV
Property fund managers raised e10.2bn in committed capital in 2008, a drop of 46% over 2007, and the process slowed...
Monday 27. April 2009
Spanish RE funds consider REIT status despite investor opposition
Spanish property fund managers are seriously considering the option to convert to Real Estate Investment Trust status...
Monday 20. April 2009
Germany's Colonia unlikely to depreciate housing this year after 8% in 2008
Germany's listed Colonia Real Estate sees little likelihood that it will have to make further depreciations on its...
Monday 20. April 2009
Zurich's Jelmoli successfully launches on exchange after split into two
Zurich's Jelmoli in early April launched separate listings for its stores property group and a split-off unit combining...
Monday 20. April 2009
French SIIC Altarea 2008 loss mainly due to development, housing downgrades
French shopping centre and commercial real estate development REIT/SIIC Altarea posted a 26% rise in net recurring...
Monday 20. April 2009
Germany's Commerz to sell commercial RE financier Eurohypo
Following the bid by the German government to nationalise Munich's Hypo Real Estate , it is now increasingly likely...
Monday 20. April 2009
Sweden's Kungsleden completes e1.3bn divestment to AP Fund
Listed Swedish property company Kungsleden will in early May complete a e1.3bn divestment of 50% of Hemsö, which owns...
Monday 20. April 2009
French Kaufman & Broad posts deep loss in 2008
The listed Kaufman & Broad, France's second largest property developer and builder after Nexity, posted a 15.7% fall in...
Monday 20. April 2009
CBRE to liquidate Spanish Santander's e3bn Banif fund
Spain's largest real estate investment fund, Santander Banif, has appointed CB Richard Ellis to manage the sale of its...
Monday 20. April 2009
French defence ministry plans to sell up to e1bn of assets
The French defence ministry is to restructure its real estate in a plan that encompasses a new company controlled by...
Monday 20. April 2009
Dutch ING to split real estate operations in restructuring
Dutch financial services group ING is splitting its real estate activities as part of a plan to reduce complexity and...
Monday 20. April 2009
CEE opportunities coming in second half-year - BankAustria
The international financial crisis has brought forward the cyclical contraction in central and eastern Europe and...
Monday 13. April 2009
Gecina cancels Metrovacesa split after stock slide makes agreed portfolio-for-shares swap uneconomic
French REIT Gecina, the nation's second largest listed property country, has abandoned its agreement to separate from...
Monday 13. April 2009
Austrian banker Meinl freed on e100m bail in charges tied to Meinl European Land
British-born banker Julius Meinl V, scion of an Austrian coffee-roasting dynasty, has been released from jail after...
Monday 13. April 2009
Switzerland has highest European RE returns; France, Italy lower than last year - IPD
Switzerland has produced Europe's highest total returns for 2008, at 6.1% a point down on 2007 but exceeding 5.9% in...
Monday 13. April 2009
French SIIC Icade posts stable results, shifts away from housing in new strategy
French SIIC/REIT Icade posted an 18% increase in 2008 group net income to e313m. However this was considerably boosted...
Monday 13. April 2009
DTZ Asset Management focuses on northern Europe, dual approach, managers say
DTZ Asset Management, the Paris-based arm of the international realtor managing assets for third parties, is almost...
Monday 13. April 2009
Pirelli RE's Puri Negri steps down; funds head Malfatto appointed
Carlo Puri Negri is stepping down as deputy chairman and managing director of Italian listed Pirelli Real Estate, the...
Monday 13. April 2009
Bank of Spain props up savings bank Castilla La Mancha
The Bank of Spain has intervened to prop up savings bank Caja Castilla La Mancha, a heavy lender to the property...
Monday 13. April 2009
Austria's Immofinanz offers bond exchange to avoid insolvency
Hard-hit Austrian listed Immofinanz, working to boost equity and lower its debt load, has continued its restructuring...
Monday 13. April 2009
European property returns to stay negative in 2009 - Aberdeen
European property returns will remain negative across Europe this year, with rental falls likely as the economic...
Monday 13. April 2009
Berlin office market to hold stable, retail demand still high - Aengevelt
The Berlin office market will be largely stable in 2009 with sales of 420,000 to 450,000 sq.m., representing a slight...
Wednesday 08. April 2009
Obsolete Paris office stock means good opportunities-du Passage
Large occupiers in the Paris office market are all looking for new buildings and good transportation links, JLL France...
Wednesday 08. April 2009
German housing heads into deficit but solutions unclear
Germany is heading into a shortage of housing that, if unheeded, could lead to a deficit of some 770,000 homes in the...
Sunday 05. April 2009
German office values down 17% from peak - JLL's new VICTOR
German prime office values fell last year by 12.6% and are nearly 17% below their peak at the end of the second quarter...
Sunday 05. April 2009
German DekaBank property funds could hit e20bn this year
Germany's DekaBank could boost property funds to e20bn assets under management this year, adding about the same e1.7bn...
Sunday 05. April 2009
Austria's Warimpex sees steady 2009, seeks distressed projects - CEO
Vienna-based Warimpex, a listed hotel and office developer in central and eastern Europe, Paris and Berlin, aims to...
Sunday 05. April 2009
Italian listed RE funds attractive for foreigners - BNPP'S Cibrario
Italian listed real estate funds offer foreign investors significant opportunities from tax, governance, legal and...
Sunday 05. April 2009
Germany's IVG slumps to e452m loss, streamlines business
Bonn-based IVG Immobilien, Germany's largest listed property company, posted a consolidated net loss of e452m for 2008,...
Sunday 05. April 2009
Segurfondo Inversion becomes 2nd Spanish RE fund to close
Segurfondo Inversion, managed by Inverseguros, became the second Spanish property investment fund to request a two-year...
Sunday 05. April 2009
French SIIC SFL ends year of uncertainty with loss
French REIT Société Foncière Lyonnaise registered recurring net income up 6.5% las year and operating profit up 3.4% at...
Sunday 05. April 2009
Germany's Vivacon announces e170m loss, delays 2008 results
Cologne-based listed Vivacon says it will post a group net loss for 2008 of e160m-e170m mainly due to the depreciation...
Sunday 05. April 2009
Court-protected Orco postpones 2008 results again
Listed developer Orco Property Group, under protection from creditors by the French Commercial court since 25 March,...
Sunday 05. April 2009
Africa-Israel opens business centres in Bulgaria, Serbia
Tel Aviv-listed developer Africa-Israel Investments Europe, active in residential and commercial development in eight...