Monday 25. May 2009
Gecina moves signal Rivero-Metrovacesa struggle continues
French REIT/SIIC Gecina is making a thorough boardroom re-shuffle to bring in representatives of its Madrid-based...
Monday 25. May 2009
Spain's Colonial to sell Riofisa's Principe Pio Madrid trophy asset to Corio-sources
Spain's struggling Inmobiliaria Colonial has commenced the task of breaking up Riofisa, its retail leisure centre...
Monday 25. May 2009
French REIT Docks Lyonnais in e144m loss, faces breach of SIIC rules by year end
French REIT/SIIC Docks Lyonnais, focused on property in the Lyons region, announced a e144m loss for 2008 against e30m...
Monday 25. May 2009
Crisis brings need for shift in retail mall strategy toward cost efficiency, tenants
The financial crisis has made one of Europe's largest shopping centre groups, the Lisbon-based Sonae Sierra, turn...
Monday 25. May 2009
Positive glow seen on horizon for some European property as credit channel loosens
The mood in European and US property markets is improving, with governments getting to grips with problems, more banks...
Monday 25. May 2009
Madrid's NH Hoteles falls further into loss; eyes asset sales, new equity
Madrid-based hotel group NH Hoteles reported a net loss of e39.2m in the first quarter, more than double the loss in...
Monday 25. May 2009
Barcelona's Catalunya savings bank in e183m S&L deal
The Barcelona-based Catalunya Savings Bank's (Caixa Catalunya) is to make a sale and leaseback of 146 bank and office...
Monday 25. May 2009
Mid-East RE investors seen focused on US, UK; cautious on euro
Middle East real estate investment capital moving abroad is likely to focus primarily on the US, partially for currency...
Monday 25. May 2009
SEB German property OEF re-opening may spark others
Several German open-end property funds may re-open in the next few weeks after reviewing the flow of capital since...
Monday 25. May 2009
French Affine sees higher revenues, focuses on tenant leases
French REIT/SIIC Affine said its three property companies, Affine, AffiParis, and Banimmo, boosted revenues in the...
Monday 18. May 2009
PFE/PIE announces partnership with Andreas Schiller to extend coverage to Russia/CIS
The publisher of Property Finance Europe and Property Investor Europe, the leading source of European real estate...
Monday 18. May 2009
Austria's conwert to recommend passing 2008 dividend despite profit, liquidity
Austrian residential investor conwert Immobilien is to propose to its annual meeting to pass the 2008 dividend and...
Monday 18. May 2009
French Foncière des Régions targets e500m 2009 disposals to strengthen books
French SIIC Foncière des Régions reported a 3.8% fall in first quarter revenues to e261m, though like-for-like rental...
Monday 18. May 2009
Ireland's Blackpearl mall developer to boost Romania land portfolio to 400ha
Irish commercial and residential developer Blackpearl, which recently acquired the Romanian 109,000 sq.m. shopping...
Monday 18. May 2009
Russian RE investment dominated by domestics; no rebound yet - Cushman partner
The Russia real estate investment market, which came to a halt in the fourth quarter, showed some movement in 1Q09,...
Monday 18. May 2009
Sal.Oppenheim, Austrians said eyeing fund arm of bailed out Constantial private bank
Cologne-based private bank Sal. Oppenheim is among a number of institutions, mainly Austrian banks, which are bidding...
Monday 18. May 2009
Europa Capital in e70m Berlin mall acquisition at 8% yield, plans capex
Pan-European real estate fund manager Europa Capital has aquired Forum Steglitz shopping centre in Berlin at a net...
Monday 18. May 2009
Patrizia German residential fund generates 7%, European fund nears completion
Augsburg-based listed residential housing group Patrizia reported a rise in returns on its specialised real estate fund...
Monday 18. May 2009
German senior care housing need overstated, says consultant Georg & Ottenströer
The requirement for senior care housing in Germany up to 2030 is overstated by the official statistics, says a leading...
Monday 18. May 2009
Czech Sekyra sells stake in e375m joint venture with ING Real Estate
Czech real estate development and investment company Sekeyra has sold its minority share in a e375m mixed brownfield...
Friday 15. May 2009
G-REIT candidate Hamborner 1Q09 income rise, but fall in net
Hamburg-based property group Hamborner, which plans to convert to REIT status at the start of 2010, posted an 11% rise...
Friday 15. May 2009
Icade sees 7.5% fall in turnover, continues housing sales
French development and investment REIT Icade posted a 7.5% fall to e333m in consolidated turnover in the first quarter,...
Friday 15. May 2009
Deutsche EuroShop first quarter boosted by special effects
Hamburg-based listed shopping centre investor Deutsche EuroShop posted a 16% rise in funds from operations in the first...
Friday 15. May 2009
New EU fund directive may hit RE vehicles, boost costs-PwC
A new European Union investment fund directive could impose radical changes on the way real estate and alternative...
Friday 15. May 2009
Klépierre wins 86% shareholder approval for stock dividend
Shareholders in French shopping centre REIT Klépierre have accepted, by a majority of 86.4% of voting rights, the...
Wednesday 13. May 2009
Fortress's GAGFAH first quarter FFO slightly lower
Fortress Investment's German housing company GAGFAH reported first quarter funds from investments of e0.22 per share or...
Wednesday 13. May 2009
Germany's DIC Asset posts stable 1Q09 operating, but EPS falls
German quoted commercial real estate investor DIC Asset reported first quarter stable operating performance before...
Wednesday 13. May 2009
ProLogis European in e120m disposal at 8% yield
Europe's largest logistics and warehouse group ProLogis European Properties has signed sale contracts worth just under...
Wednesday 13. May 2009
Portugal's Sonae 1Q09 earnings hit by portfolio yield rises
Portuguese shopping centre developer Sonae Sierra posted first quarter consolidated net loss of e87.5m against profit...
Monday 11. May 2009
Eurohypo to cut lending book to e60bn, focus on 12 nations
Commerzbank's German financier Eurohypo is to reshape commercial real estate strategy in response to the crisis to...
Monday 11. May 2009
Belgium's Befimmo declines comment on e100m capital raising report
Belgian REIT Befimmo declined to confirm a report in the Belgian daily newspaper De Tijd that it is planning to raise...
Monday 11. May 2009
Colony Capital in talks with Orco on taking majority in capital increase
CEE development group Orco has entered into exclusive negotiations with Colony Capital on a reserved capital increase...
Monday 11. May 2009
More German property funds to re-open - Union Investment's Kutscher
More German open-end property funds should re-open over the next few weeks but the sector still has to solve the...
Monday 11. May 2009
Despite rays of light, Europe recovery at risk from banks - conference panel
It is too early yet to speak of a recovery in European property markets and even though some rays of light may be...
Monday 11. May 2009
German property share revival not yet adequate for capital moves - CEOs
Despite the real estate stocks' revival in recent weeks, the time is not yet right to make capital increases and gains...
Monday 11. May 2009
French REIT/SIIC Tour Eiffel sees turnover rise in 1Q09, rents stable
French REIT/SIIC Société Tour Eiffel reported a rise of 18% in consolidated turnover in the first quarter against 1Q08,...
Monday 11. May 2009
Germany's Patrizia posts better 1Q09, eyes future fund opportunities
German residential investor and developer Patrizia reported a slight increase in first quarter figures despite lower...
Monday 11. May 2009
Pannattoni moves ahead with Czech, Polish logistics developments
In the Czech Republic, leading industrial and commercial developer Panattoni Europe plans to complete by August the...
Monday 11. May 2009
Spanish Avantia allocates e90m for Romanian housing projects
Spanish property developer Avantia has started its first residential building on Boulevard 1 Decembrie in Bucharest and...
Friday 08. May 2009
German property share revival not yet adequate for capital moves, say CEOs
Despite the revival in real estate stocks over recent weeks, the time is not yet right to make capital increases and...
Friday 08. May 2009
Bank reluctance to sell will protect European RE prices, says JLL's Ulbrich
European commercial property prices will continue to be protected from sharp falls, even if pressures increase from...
Friday 08. May 2009
Gecina's Rivero steps down as CEO, refutes concert party allegations
French REIT/SIIC Gecina has announced that Joaquin Rivero is resigning as CEO of the group but will stay on as...
Wednesday 06. May 2009
Despite rays of light in Europe, recovery at risk from banking system - panel
It is too early yet to speak of a recovery in European property markets and even though some rays of light may be...
Wednesday 06. May 2009
More German property funds to re-open over next weeks - Kutscher
More German open-end property funds should re-open for investors over the next few weeks but the sector still has to...
Wednesday 06. May 2009
Ireland's Quinlan shifts focus to core CEE investment
Central and eastern European property developer Quinlan Private Golub, majority-owned by Irish investor Quinlan...
Tuesday 05. May 2009
German prime office prices slide 1.2% in 1Q09 - Jones Lang LaSalle's VICTOR
German prime office values fell by 1.2% in the first quarter compared to 4Q08, according to the VICTOR valuation...
Tuesday 05. May 2009
German rent control, energy laws seen hitting housing supply
German housing is likely to experience an even tighter shortfall between supply and demand if rent controls are not...
Tuesday 05. May 2009
Swiss real estate intact but heading into storms - Credit SuisseSwiss real estate intact but heading into storms - Credit Suisse
Swiss real estate is in a good state of health and has experienced virtually no excesses in recent years; however its...
Sunday 03. May 2009
AMF investigates French Gecina over Bami buy
French REIT/SIIC Gecina is being investigated by the nation's AMF stock market authority after complaints by small...
Sunday 03. May 2009
Soros Spanish RE unit Med hit by country's troubles
Med Group, the Spanish property company 40% owned by Soros Real Estate Investors, is facing increasing financial...
Sunday 03. May 2009
European ICSC retailers in sombre mood
The mood at the European Conference of the International Council of Shopping Centers in Barcelona 10 days ago was...
Sunday 03. May 2009
Orion CM turns counter-cyclical gaze to acquisitions
The private equity group Orion Capital Managers, which recently bought a 7% stake in one of the largest French REITs,...
Sunday 03. May 2009
Energy efficiency key future value criterion, Generali's Paviera
Energy efficiency in commercial buildings, particularly office, will be a key value criterion for investment and...
Sunday 03. May 2009
BNP Paribas RE re-brand reflects European expansion - Faure
France's BNP Paribas Real Estate is likely to use the present market crisis to extend its expansion in Europe, building...
Sunday 03. May 2009
Woolworth Germany files for creditor protection
In a move reminiscent of its separate UK namesake, low-end retailer Woolworth Germany, owned by private equity groups...
Sunday 03. May 2009
Fortress' Eurocastle declares massive e454m loss
Eurocastle Investment, the listed German office investment subsidiary of the New York-based Fortress Investments group,...
Sunday 03. May 2009
Bank equity seen above 10%, Pfandbrief as RE model
Equity capital ratios of the global banking system will, in the aftermath of the financial crisis, rise to at least 10%...
Sunday 03. May 2009
French office rents to slide 10%-15% in 2009 - FNAIM
French office rents are likely to fall by 10% to 15% in the aftermath of a very difficulty economic phase that the...