Thursday 28. January 2010
French SNCF railway transfers office stock to new unit
The French state railway company SNCF in late 2009 transferred 30% of its office stock into a newly created property...
Thursday 28. January 2010
Russian real estate on offer to Chinese funds
Russian and Chinese partner companies signed an agreement late last year to develop investment and construction...
Thursday 28. January 2010
EMEA 2009 hotel investment slides 50% - Cushman
Investment in hotels in Europe, Mid-East and Africa in 2009 fell by over 50% to just E3.2bn compared with 2008, and...
Wednesday 27. January 2010
Commercial real estate investment rises across 70% of world - RICS
Investment activity in commercial property as an asset class rose across 70% of the globe rose in the fourth quarter as...
Wednesday 27. January 2010
Germany's Union ready to close E500m investments
Germany's Union Investment, the Hamburg-based fund manager of the cooperative banking system, has around E2.1bn of real...
Wednesday 27. January 2010
Allianz's E2.5bn property target helped by yields
The giant German insurance group Allianz is targeting E2.5bn at real estate this year or next to boost its property...
Wednesday 27. January 2010
Germany's Commerz targets E2bn for property in 2010
Commerz Real, the German real estate fund manager belonging to the Commerzbank group, is likely to deploy equity...
Wednesday 27. January 2010
Deka could have taken E4bn new capital in 2009
Last year, the fund manager of the German savings bank system DekaBank could have taken in as much as E4bn in new...
Wednesday 27. January 2010
Credit shortage, tenant delays to keep Paris office supply low
The absence of new office development in Paris caused by the lack of bank credit is likely to spark a shortage of...
Wednesday 27. January 2010
Elystan Capital launched to invest in distressed German mortgage assets
A new Munich-based real estate investment firm, Elystan Capital Advisers, is launched today to target non-performing...
Tuesday 26. January 2010
French SCPI funds should limit institutions - Natixis
There has been a marked increase in investment flows into French property funds, according to Alain Pivert, director of...
Tuesday 26. January 2010
Russia, Poland to lead European construction - study
A new report on global construction conducted by British research group Oxford Economics shows emerging markets will...
Tuesday 26. January 2010
Arab Investments to boost German assets to E350m
Arab Investments, a London-based property group specialising in Sharia compliant funds for Mid-East investors, has...
Tuesday 26. January 2010
Falling finance costs boost listed real estate - CS
The stabilisation in global commercial real estate should broaden in coming months, with investors returning thanks to...
Tuesday 26. January 2010
Management of Sweden's Klövern buys 1m share options
All seven members of the executive management of Swedish listed property group Klövern, headed by CEO Gustaf Hermelin,...
Tuesday 26. January 2010
Germany's Hochtief enters E500m Prague metro JV
Essen-based construction group Hochtief has joined the E500m-plus joint venture project to extend Prague's metro line A...
Tuesday 26. January 2010
NL's Multi wins E99m syndicated loan for Czech mall
Netherlands-headquartered shopping centre group Multi Development has obtained a syndicated 5-year loan of E98.5m for...
Tuesday 26. January 2010
Bulgarian mall pipeline at 507,000 sq.m. into 2010
Last year's expansion in Bulgarian shopping mall space should continue through 2010, with an estimated 507,000 sq.m....
Tuesday 26. January 2010
Ukraine construction almost halves in 2009
Construction volume in the Ukraine fell by almost a half last year, hit by the nation's internal financial and...
Tuesday 26. January 2010
Belgian Rezidor sites new Park Inn in Russia's Lipetsk
The private, Brussels-based Rezidor hotel group has over 8,500 rooms in operation or under development in Russia,...
Monday 25. January 2010
Jobs, insolvencies keep EMEA RMBS outlook negative
High unemployment and insolvency rates likely to stay high mean the performance outlook is negative this year for...
Monday 25. January 2010
UK's Parkridge starts 140,000-sq.m. Polish shopping mall
The Polish unit of the UK's privately-held Parkridge shopping centre developer, Parkridge Retail Poland, is...
Monday 25. January 2010
Prague office completions to fall dramatically in 2010
Only 33,700 sq.m. of new office space is expected to be delivered in the Czech capital Prague during 2010, after full...
Monday 25. January 2010
Equity investors seen returning to French prime office market - Valad
Equity investors are returning to the French prime office market, mostly domestic sources but also German, according to...
Saturday 23. January 2010
MIPIM 2010 to broaden horizons to emerging markets
Major real estate emerging markets will augment the MIPIM trade fair in Cannes in March, a staple calendar date in the...
Saturday 23. January 2010
Italy's Aedes boosts asset control after Cordea Savills joint venture demerger
An extensive re-organisation by Italian listed property group Aedes of its assets, demerging its joint venture with...
Saturday 23. January 2010
Deloitte's Drivers Jonas takeover may boost continental Europe property market share
The takeover of realtor Drivers Jonas by one of the Big Four accountancy firms Deloitte, announced this week, is...
Saturday 23. January 2010
PBB Deutsche Pfandbriefbank finances further E75m facility for ProLogis European Properties
Germany's Deutsche Pfandbriefbank has completed a new E74.5m financing facility with ProLogis European Properties for a...
Saturday 23. January 2010
IASB 'shockwave' for property industry almost averted - EPRA
Proposed changes to accountancy rules that would have required valuations and rental income figures to be removed from...
Friday 22. January 2010
Sonae Sierra, ING pre-let 40% of south Italy mall at construction start
The new 38,460 sq.m. shopping centre Le Terrazze being developed by Portuguese group Sonae Sierra and ING Real Estate...
Friday 22. January 2010
Germany's Pfandbrief group criticises Fitch negative watch
The negative ratings watch action placed by Fitch Ratings this week on mortgage Pfandbrief covered bonds is not a...
Friday 22. January 2010
IKEA's SwedeCenter to build first ecological business park in Poland in Warsaw
SwedeCenter, a commercial developer belonging to Inter IKEA, part of the giant Swedish furniture group, is to build the...
Friday 22. January 2010
Shareholders approve merger of Austria's Immofinanz/Immoeast
A significant majority at the extraordinary shareholders meetings of Austrian listed groups Immofinanz and its...
Thursday 21. January 2010
European real estate investment mood more buoyant - Union Investment
The recovery in European property investment is slowly getting under way and investor optimism in the three biggest...
Thursday 21. January 2010
Real estate fund investors return to fundamentals, favouring core assets
Institutional real estate investors are signalling a return to fundamentals by opting for core funds, and nearly half...
Thursday 21. January 2010
Sweden's Castellum has `fantastic' 2009, proposes SEK3.50 dividend
Swedish listed property group Castellum is proposing a dividend of SEK3.50 per share on 2009 earnings after reporting...
Thursday 21. January 2010
Arab Investments pays E57m for central Berlin complex
Arab Investments, a London-based property group specialising in Sharia compliant funds for Mid-East investors, has paid...
Thursday 21. January 2010
Falling financing costs give upside to listed real estate - Credit Suisse
The stabilisation in global commercial real estate should broaden in coming months, with investors returning thanks to...
Wednesday 20. January 2010
French office investment recovery set to continue - IEIF
The strong recovery in French office property investment that started in the fourth quarter of 2009 is likely to...
Wednesday 20. January 2010
Russia, Poland to lead European construction - study
A new report on global construction conducted by British research group Oxford Economics shows emerging markets will...
Wednesday 20. January 2010
Austria's conwert to raise up to E150m in convertible issue
Vienna-based listed residential property group conwert is launching an offering of senior convertible bonds to raise...
Tuesday 19. January 2010
Management of Sweden's Klövern buys 1m share options
All seven members of the executive management of Swedish listed property group Klövern, headed by CEO Gustaf Hermelin,...
Tuesday 19. January 2010
Property Investor Europe title expanded to Online Weeklies with current PIE 149
The current Online Weekly, 149, is the first to incorporate the Property Investor Europe title, which will become the...
Tuesday 19. January 2010
German 2009 housing portfolio deals seen at E2.6bn, 10yr low
Investment in German residential portfolios stabilised at a low level last year, their lowest in 10 years, with just 49...
Monday 18. January 2010
Austria's conwert surpasses 2009 targets with E350m sales
Vienna-based listed residential group conwert Immobilien said it exceeded volume sales last year, disposing of E350m of...
Monday 18. January 2010
French REIT Affine in substantial 2009 sales, busy 4Q09
French REIT/SIIC Affine sold around E164m in property assets during 2009 and the last few months have been...
Monday 18. January 2010
INREV sees few changes for property fund fees despite market conditions
There is little evidence that challenging market conditions have had an impact on fee levels and structures for...
Monday 18. January 2010
NL's Corio reorganises retail mall pipeline in Turkey
Dutch shopping centre FBI/REIT Corio has cancelled two mall developments in Turkey and planned total investment of...
Monday 18. January 2010
Polnord in E110m PPP with Gdansk, Poland for island
Polish listed developer Polnord has signed a preliminary contract with Gdansk city to entered a E110m Public-Private...
Monday 18. January 2010
Deutsche Euroshop in E123m rights issue, to finance Berlin mall
Hamburg-based listed retail mall investor Deutsche EuroShop is making a rights issue of up to 6.3m common shares, 16.7%...
Monday 18. January 2010
Prudential's German property fund manager TMW Pramerica plans more Special Funds
TMW Pramerica, the German real estate fund manager of the US-based Prudential insurance group, acquired E325m in...
Friday 15. January 2010
RREEF's German OEF has 4% performance, 34% liquidity
Deutsche Bank's German alternatives unit RREEF Investment is to pay out E1.75 per certificate of its German open-ended...
Thursday 14. January 2010
WGF pays Pirelli RE E56m for German residential portfolio
Düsseldorf-based WGF has acquired a real estate portfolio with a transaction volume of E56m from Pirelli Real Estate,...
Thursday 14. January 2010
Schroders' E400m German residential fund hits 2009 targets
The E400m German Residential Fund I registered in Luxembourg and advised from Frankfurt by UK-based fund manager...
Thursday 14. January 2010
Hamburg's Union Investment takes E2.6bn new capital in 2009, buys E1.6bn
Hamburg-based property fund manager Union Investment, part of the German cooperative banking system, acquired...
Thursday 14. January 2010
Global distressed commercial RE triples to $353bn in 2009
Commercial property in distress worldwide exploded in 2009, with assets in varying stages of default, foreclosure or...
Thursday 14. January 2010
Allianz Real Estate raises acquisition tempo in Germany, France
Allianz Real Estate is raising the tempo of acquisitions in 2010, with its most recent deal, late in 2009, being a...
Thursday 14. January 2010
Finland's Pohjola launches first international real estate fund of funds
Finland's Pohjola Asset Management, part of the private Pohjola banking group, is launching a real estate fund of funds...
Thursday 14. January 2010
Covered bonds issuance on track for E170bn in 2010
New issuance of covered bonds and Pfandbrief, mostly for funding real estate, has been a massive E21.5bn in the first...
Thursday 14. January 2010
Carlyle sells Lyons' Anthemis to RREEF for e71m
Global private equity firm The Carlyle Group has sold its Anthemis building complex in Lyons, France, to RREEF, the...
Wednesday 13. January 2010
Zug's Corestate buys 4,700 German apartment portfolio
Zug-based private equity group Corestate Capital has acquired a portfolio of 4,700 apartments located mainly in western...
Wednesday 13. January 2010
NL's Corio reorganises retail mall pipeline in Turkey
Dutch shopping centre FBI/REIT Corio has cancelled two mall developments in Turkey and planned total investment of...
Wednesday 13. January 2010
Staving off Armageddon: Fin.Ed. 101 readings over Christmas - Forward Thinking column by Managing Editor Allan Saunderson:
Too Big To Fail, the book by New York Times reporter Andrew Ross Sorkin on the most tempestuous couple of weeks in...
Monday 11. January 2010
`Growing wall of equity' should boost RE investment 20% to E85bn
New Year 2010 should be challenging for investors, with recovery uneven across Europe, says realtor Jones Lang LaSalle....
Monday 11. January 2010
French Senate adopts tax changes for property funds
The French Senate just prior to year-end adopted two measures which change the tax framework of non-listed real estate...
Monday 11. January 2010
French ILAT index inclusion in budget declared unconstitutional
The French constitutional council has blocked the inclusion of the new ILAT real estate rental index in the country's...
Monday 11. January 2010
Germany's WestImmo, PBB in E170m French refinancing
Westdeutsche ImmobilienBank and Deutsche Pfandbriefbank have jointly arranged and provided a E170m refinancing of a...
Monday 11. January 2010
Unibail-Rodamco agrees first green leases with French retailer
Giant shopping centre REIT/SIIC Unibail-Rodamco has signed its first green leases in France with retailer Nature &...
Monday 11. January 2010
New buys take Invesco 2009 French deals to E500m
Giant international investment manager Invesco Real Estate has acquired two office buildings in France for a total of...
Monday 11. January 2010
Rotterdam starts construction of E350m highest tower
Real estate developers MAB Development and OVG Real Estate have begun construction of the Netherlands' largest building...
Monday 11. January 2010
Mayland sells Polish malls to Macquarie for E236m
Macquarie Global Property Advisors has acquired a portfolio of three Polish shopping centres from Mayland Real Estate...
Monday 11. January 2010
Evans Randall acquires Moscow's Silver City, price said E200m
Evans Randall, the privately-held UK investment banking and private equity group, has acquired Silver City, a prime...
Monday 11. January 2010
Germany's WestImmo, PBB in e170m French refinancing
Westdeutsche ImmobilienBank and Deutsche Pfandbriefbank have jointly arranged and provided a E170m refinancing of a...
Monday 11. January 2010
Barclays swaps debt for 7% of equity in Spain's Metrovacesa
Spain's listed property giant Metrovacesa, heavily exposed to the nation's struggling housing sector, has swapped debt...
Friday 08. January 2010
German office lettings down 24% in 2009 - DIP
Lettings in the 15 largest office locations in Germany fell by around 24% last year to 2.86m sq.m. amid the economic...
Friday 08. January 2010
Realia sells Seville mall to Warburg-Henderson at 7.6%
Quoted Spanish property developer and manager Realia has sold, for e94m, its ownership stake in Nervión Plaza, a...
Friday 08. January 2010
Germany's Colonia RE demands wind-up of HSH business link over care fund
Cologne-based listed property group Colonia Real Estate is seeking an end to its working relationship with HSH Equity...
Wednesday 06. January 2010
Green Street starts Unibail coverage with buy recommendation
In initiation of coverage of French-Dutch shopping centre REIT/SIIC Unibail-Rodamco, real estate analyst house Green...
Wednesday 06. January 2010
Germany acquires third REIT in Duisburg's Hamborner
Germany has acquired its third Real Estate Investment Trust, kicking off a year that promises to be significantly more...
Tuesday 05. January 2010
MSREF sells Lucette control to Icade, takes 4.5% stake
French SIIC/REIT Icade and its counterpart Compagnie la Lucette are to merge. Morgan Stanley Real Estate Fund V, which...
Tuesday 05. January 2010
Immofinanz, Immoeast set shareholder merger meetings
The management and supervisory boards of allied Austrian property groups Immofinanz and Immoeast, in the process of...
Tuesday 05. January 2010
Rotterdam starts construction of E350m highest tower
Real estate developers MAB Development and OVG Real Estate have begun construction of the Netherlands' largest building...
Tuesday 05. January 2010
Poland to be Guest of Honour at MIPIM 2010
Poland, one of the few European countries that did not go into recession in 2009, will be the Guest of Honour at MIPIM...