Friday 30. April 2010
Allianz closes expected Rome buy at E440m
Allianz Real Estate has closed the widely-speculated acquisition of the Porta di Roma shopping mall in Rome, Italy,...
Thursday 29. April 2010
Luxembourg's Holfidis nears retail fund close
Specialist retail real estate fund manager Holfidis is near to the first close for the three sub-funds of its New...
Tuesday 27. April 2010
Berlin GSW may raise up to E524m in IPO
Subscription opened on 26 April for shares in Germany's biggest real estate IPO in several years, Berlin's GSW housing...
Tuesday 27. April 2010
France's Klépierre on disposal track, rents up 4.6%
French shopping centre REIT/SIIC Klépierre has made E48m of disposals so far this year as part of its overall asset...
Tuesday 27. April 2010
Rating agency Pfandbrief reviews criticised
Even if rating agencies' new focus on liquidity to assessing financial debt instruments is welcome, evaluation of...
Tuesday 27. April 2010
Europe's East/West divide losing RE relevance
The real estate investment profile of Europe is changing and the traditional East/West classification has become less...
Tuesday 27. April 2010
First phase of E2.4bn Budapest ToPARK topped
Hungary's Walker and Williams Investment Group has topped out the E138m Parizsi Street first phase of its ToPARK...
Monday 26. April 2010
Berlin GSW IPO starts; one of Germany's biggest in real estate
Subscription open today for shares in Germany's biggest real estate IPO in several years, the Berlin-based GSW housing...
Friday 23. April 2010
Gazit's Katzman to join Finnish Citycon board
Chaim Katzman, chairman of the Israel-based Gazit Globe, is to join the board of listed Finnish shopping mall group...
Friday 23. April 2010
French REIT Silic sees 1Q10 growth, sets dividend
French business parks REIT/SIIC Silic, 43% owned by the Groupama insurance group, reported a 3% rise in rental income...
Thursday 22. April 2010
New '09 property fund capital falls 60% - INREV
Capital raised for European property funds fell by 60% in 2009 to under E6bn, says the association INREV. But this...
Thursday 22. April 2010
Union buys Warsaw Plaza for E102m from IVG
Hamburg-based fund manager Union Investment Real Estate has acquired the Horizon Plaza office complex in Warsaw for its...
Thursday 22. April 2010
CEE developer Warimpex launches E40m rights issue
Listed CEE hotel developer Warimpex, based in Vienna, is launching a capital increase to issue 14.4m new shares, 36.4%...
Thursday 22. April 2010
Europe's East/West divide losing RE relevance
The real estate investment profile of Europe is changing and the traditional East/West classification has become less...
Wednesday 21. April 2010
Immofinanz-Immoeast merger effective 29 April
Next Monday, 29 April, is the date confirmed by the Commercial Court Vienna as the official registration for merging...
Wednesday 21. April 2010
Sweden's Klövern sees spring in 1Q10 profit
With the maxim `after the winter comes the spring', listed property group Klövern, based in Sweden's Nyköping, reported...
Wednesday 21. April 2010
Castellum sees Swedish real estate improving
Swedish listed property group Castellum posted a drop in rental income in first quarter 2010 to SEK674m from SEK669m in...
Wednesday 21. April 2010
AIM's Alpha Tiger invests E83m in Spain mall
The AIM-listed Alpha Tiger Property Trust has invested E83m to acquire the 49,516 sq.m. shopping centre H2Ocio in...
Monday 19. April 2010
Montenegro to seek E1bn resort investment
The Montenegro Planning and Environment Ministry expects to adopt a plan soon to raise up to E1bn of investment for...
Monday 19. April 2010
Blackstone among Kaufhof bidders for up to E3bn
The huge US private equity group Blackstone is among bidders for the German Kaufhof department store chain being...
Monday 19. April 2010
Aareal, Lone Star said among bidders for Germany's WestImmo real estate bank
The Wiesbaden-based Aareal Bank and US-based private equity fund Lone Star are among bidders for WestImmo, the real...
Monday 19. April 2010
New Hussey-Jones firm Almacantar raises E150m
Former Land Securities executive Mike Hussey and ex-Grosvenor European head Neil Jones have raised E150m in equity and...
Saturday 17. April 2010
France's IEIF launches residential price index
France's IEIF real estate research institute is launching a weekly residential property price index with US analytics...
Saturday 17. April 2010
German office lettings stabilise in 1Q10 - Savills
German office rentals in first quarter stabilised at 564,000 sq.m., roughly the equivalent of 1Q09, with Düsseldorf...
Friday 16. April 2010
Germany' Colonia reorganises to integrate subsidiaries
Cologne-based listed property group Colonia Real Estate is to integrate all subsidiaries, including its CRE Resolution...
Friday 16. April 2010
Frankfurt Airport passenger, cargo volumes recover sharply
Passenger and freight levels through Frankfurt Airport recovered quite strongly in the first quarter following the...
Thursday 15. April 2010
Grand Paris tax would deter investors, RE groups say
A proposed capital gains tax on property whose status changes due to the Grand Paris project would deter international...
Thursday 15. April 2010
Spain's Colonial places Brugera in to run French SIIC SFL
Juan José Brugera, chairman of struggling Spanish listed property group Colonial, has been named chairman of its French...
Wednesday 14. April 2010
Property impact from Euro government debt crisis seen low
Given the political and economic fallout of the Greek debt crisis and turmoil in government bond markets in Europe,...
Wednesday 14. April 2010
European property debt funding gap seen at E115bn
Some E482bn of European commercial mortgage loans are due to be refinanced in the next two years but, due to value...
Tuesday 13. April 2010
GSW flotation size hinges on Berlin parliament vote
The nearly 50,000-apartment GSW housing company in Berlin is in full preparation for an initial public stock market...
Tuesday 13. April 2010
France's Klépierre, Gecina raise E1.2bn capital
French REIT/SIIC Klépierre has raised E900m through issue of a convertible bond. It launched a E700m seven-year bond at...
Tuesday 13. April 2010
Sonae Sierra changes leadership as Portela retires
As expected, Fernando Guedes de Oliveira has taken over as CEO of Portugal's shopping centre group Sonae Sierra after...
Tuesday 13. April 2010
Germany's Colonia aims for moderate 2010 growth
German residential property group Colonia has confirmed preliminary figures showing consolidated income after taxes for...
Tuesday 13. April 2010
Sector protests Grand Paris property tax
Property groups are protesting over a French Senate proposal for a 15% capital gains tax on capital value increases...
Tuesday 13. April 2010
French 2009 property returns fall 1.4%
French property posted a 1.4% negative return in 2009 as the impact of declining capital values outweighed income...
Tuesday 13. April 2010
Italian real estate returns 2.5% in 2009
Italian commercial property delivered 1.5% total return over second half 2009, giving 2.5% for the year, according to...
Tuesday 13. April 2010
European RE investment seen rising
Commercial real estate investment in Europe, reflecting seasonal trends, fell in the first quarter by 29% over 4Q09 to...
Tuesday 13. April 2010
Orco cuts net loss, details recovery plan
Struggling listed CEE developer Orco reported a narrower net loss for 2009 - to E251m from E391m, and detailed a...
Tuesday 13. April 2010
Polish BCB develops E130m Gdansk complex
Polish property group Baltyckie Centrum Biznesu is to build a E130m complex in Gdansk-Rebiechowo, the largest...
Tuesday 13. April 2010
Saudi's Al-Shiddi invests E200m in Sarajevo
The private Saudi-based property, trade and agriculture group Al-Shiddi is investing up to E200m in the next two years...
Tuesday 13. April 2010
Worst seen past for Moscow office
The Moscow real estate market is past its worst period and is now experiencing positive trends and some revival, says...
Tuesday 06. April 2010
Bank of Spain sees E166bn in property at risk
A Bank of Spain report on financial stability has estimated total accumulated real estate assets on bank books worth...
Tuesday 06. April 2010
Germany's Aareal to boost new lending, not only extensions
Germany's Aareal bank will boost new business, including credit extensions, to as much as E5bn this year from E3.8bn in...
Tuesday 06. April 2010
Europe's retail recovery attracting Asian investors
Strong interest is being seen from Asian and Middle Eastern investors in European retail property, says Pieter...
Tuesday 06. April 2010
Coeur Défense legal ruling assures real estate investors
Creditors on French property can be assured they will in future be entitled to relevant rental income after the Paris...
Tuesday 06. April 2010
MassMutual, Protego set transatlantic property platform
The sale of the UK-based property manager Protego to Cornerstone, a unit of the Massachusetts-based MassMutual...
Tuesday 06. April 2010
Catella aims to duplicate French success in Germany
Sweden-based Catella Property plans to build German institutional real estate fund management to duplicate success in...
Tuesday 06. April 2010
Aberdeen to re-open Degi fund in summer
Aberdeen Property Investors is boosting liquidity in its German open-end fund Degi Europa for re-opening in summer,...
Tuesday 06. April 2010
Finding value in Europe seen difficult despite crisis
European property investment manager Europa Capital surprised with an audacious deal in Spain last year with RREEF and...
Tuesday 06. April 2010
Segro to seek investment opportunities outside UK
UK-based industrial property REIT Segro, bolstered by last year's well-timed takeover of British peer Brixton, will...
Tuesday 06. April 2010
Sirius sees pickup in German business park demand
AIM-listed Sirius Real Estate, which owns a E500m portfolio of German business parks, is benefiting from hundreds of...
Tuesday 06. April 2010
Atrium European halves loss, confident on future
Listed CEE shopping centre group Atrium European Real Estate, created two years from Meinl European Land, reported a...