Property Investor News

Friday 01. April 2011
Deutsche Wohnen back in black, eyes capital rise

Berlin-based listed housing group Deutsche Wohnen surged back into the black last year, posting consolidated profit of...

Friday 01. April 2011
El Golf to start E800m Serbian golf project

US-Austrian-Israeli consortium El Golf has registered the right to lease 300 ha. of agricultural land in Becmen,...

Friday 01. April 2011
Austria's Immofinanz boosts 1st qtr profits

Vienna listed Immofinanz posted a rise in net profit rise to E229.3m in the third quarter of its financial year to...

Friday 01. April 2011
French UFG-LFP launches European FoF

French asset management group UFG-LFP has launched a pan-European real estate fund of funds to enable French...

Friday 01. April 2011
Investors eye value-add in European retail - CBRE

Investment in European retail property increased 60% to E36.2bn in 2010, and well above the 47% increase for commercial...

Friday 01. April 2011
Germany's RREEF to expand French investments

Deutsche Bank alternatives fund unit RREEF aims to increase investments in France this year and next, and is willing to...

Friday 01. April 2011
Portugal office pipeline, take-up at record lows

Activity in Portugal office has fallen over the last two years, with a lack of demand boosting vacancies alongside a...

Friday 01. April 2011
Deutsche Hypo places E1bn public Pfandbrief

Hannover-based Deutsche Hypothekenbank, a subsidiary of landesbank NordLB, has placed a E1bn public Pfandbrief with...

Tuesday 29. March 2011
Golfer Norman invests E880m in Croatian Dubrovnik

A Zagreb-based company backed by an international investor group around American course designer and champion golfer...

Tuesday 29. March 2011
Swedish pension funds, Catella form E500m RE JV

Two of Sweden's state-owned pension funds, the First and Second Swedish National Pension Funds (AP1, AP2) are forming a...

Tuesday 29. March 2011
Mid-East investors keenly interested in Grand Paris

Middle East investors are showing keen interest in real estate investment opportunities offered by France's Grand Paris...

Tuesday 29. March 2011
Poland, Russia, Turkey emerge as office hotspots - JLL

Corporate confidence is boosting activity in prime office markets globally, accelerating both rental and capital value...

Tuesday 29. March 2011
Benson Elliot, GCI secure E138m Paris refinancing

Private equity real estate firm Benson Elliot and French private group Générale Continentale Investissements have...

Tuesday 29. March 2011
Starwood to double Russian hotels, boost Turkey

US-based Starwood Hotels is targeting new-build and conversion opportunities across all nine brands in Europe and is to...

Tuesday 29. March 2011
Global house price slowdown to continue - Knight Frank

Global house price rises slowed to 2.8% in the 12 months to 4Q10 from 3.1% recorded to 3Q10, says realtor Knight Frank....

Tuesday 29. March 2011
French Eurazeo to cut stake in REIT ANF

French listed investment group Eurazeo is planning to cut its stake in REIT ANF by making an exceptional distribution...

Tuesday 29. March 2011
Hungarian govt to establish REITs

The Hungarian government plans to establish real estate investment trusts with the aims of increasing activity in...

Tuesday 29. March 2011
IKEA wins green light for E152m Polish project

Swedish furniture retail giant IKEA has won the green light for a PLN610m (E152m) retail and service centre for the...

Saturday 26. March 2011
Prelios sells La Rinascente for E472m, 4.7% yield

Listed Italian group Prelios, formerly Pirelli Real Estate, has sold the historic building on Milan's Piazza Duomo that...

Saturday 26. March 2011
German IVG reaches calmer waters - CEO Niesslein

Germany's largest listed commercial property company IVG has reached calmer waters after three years spent grappling...

Saturday 26. March 2011
`The Donald ` in $200m Georgia towers project

American property tycoon Donald Trump and Georgia's Silk Road group have signed an agreement to develop luxury...

Saturday 26. March 2011
Time is right for Spain office investment - JLL

Low prices, strong supply and increasingly modern office space mean that now is the time to invest in Spain's office...

Saturday 26. March 2011
Warsaw's Plaza Centers surges back to profit

Listed Warsaw-based developer and investor Plaza Centers surged back into 2010 net profit of E14m after a E65m loss in...

Saturday 26. March 2011
French residential prices slowing, realtors say

French residential prices are showing signs of a slowdown in first quarter, according to realtor Century 21 and...

Saturday 26. March 2011
10% of German houses said better to demolish

Renovation is not cost-effective for every 10th house in Germany so that demolition and subsequent new construction is...

Saturday 26. March 2011
Russian developer Etalon seeks $500m in LSE IPO

The Etalon Group, one of Russia's largest residential developers, plans an initial public offering of shares on the...

Thursday 24. March 2011
German GSW to re-try IPO after good 2010

Berlin-based housing firm GSW has, as expected, re-started preparations for an initial public offering in Frankfurt and...

Thursday 24. March 2011
French Amundi to nearly double investment to E350m-portal

Paris-based investment manager Amundi, product of a merger in 2010 by the property arms of banks Société Générale and...

Thursday 24. March 2011
French Docks Lyonnais posts E18m loss after SIIC exit

French listed group Docks Lyonnais slipped back into the red in 2010, posting an E18m net loss against a year-earlier...

Thursday 24. March 2011
Gagfah FFO falls as CEO is charged with insider trading

Germany's largest listed housing group Gagfah, controlled by giant US private equity group Fortress reported 2010 funds...

Thursday 24. March 2011
Dutch APG spends E1.4bn, favours club deals

Giant Dutch investment manager APG, the privatised ABP pension fund, invested E1.4bn in real estate last year and is...

Thursday 24. March 2011
Euro direct deals still 38% of 2007 despite surge - RCA

European direct property transactions surged by 40% to E113bn in 2010, improving over the year so that the fourth...

Thursday 24. March 2011
Austrian conwert boosts 2010 net, reorientation to continue

Vienna listed group conwert posted an 26% drop in funds from operation last year, to E53.6m, but net profit rose 8% and...

Thursday 24. March 2011
German Patrizia adds commercial RE, large resy sales 2010

Augsburg listed property firm Patrizia saw pre-tax earnings surge over fivefold to E12.8m in 2010, mainly due to a near...

Thursday 24. March 2011
Zug's Corestate buys E85m distressed German resy

Swiss-based private equity group Corestate has bought an E85m portfolio of 153 residential assets, comprising 2,100...

Monday 21. March 2011
European public property sales rise to cut deficits

European governments are increasingly considering real estate disposals to cut deficits, and E1.1bn of assets were sold...

Monday 21. March 2011
Unicredit to boost Germany, CEE new business, brake Italy

Strong economic recovery in Germany and encouraging data from central and eastern Europe have prompted banking giant...

Monday 21. March 2011
German fund debt cap counter-productive - ZIA

The tightening of the debt cap on financing by German open-ended property funds to 30% from 50% is an inappropriate and...

Monday 21. March 2011
Goodman, CIC, CPP, APG acquire E1.6bn ING fund

Shareholders in the E1.55bn ING Industrial Fund have approved its sale to a consortium comprising the Australia-based...

Monday 21. March 2011
Spain's Metrovacesa debt renegotiation sparks share rally

Spanish listed real estate developer Metrovacesa has agreed a debt refinancing with 90% of its creditor banks, ending...

Monday 21. March 2011
Italy's IGD boosts net 44%, sees better 2011

Italian shopping centre REIT IGD boosted 2010 net profit 44% to E29.3m and by 9% in FFO. Despite complex global market...

Monday 21. March 2011
Finnish Citycon buys E105m Estonian mall

Helsinki-based retail investor Citycon, in the middle of a management change, will purchase the Kristiine Shopping...

Monday 21. March 2011
Vienna to subsidise E1.25bn in affordable housing

Austrian capital Vienna has approved E500m subsidies to realise affordable housing during the next two years, and will...

Monday 21. March 2011
Hungary's E5bn EuroVegas goes ahead despite protests

Orlando-based hospitality brand Hard Rock International and EuroVegas Hungary, owned by Austrian developers Asamer and...

Monday 21. March 2011
French Paref returns to profit, AUM up 9%

French REIT/SIIC Paref posted 2010 net profit of E8m, turning around a year earlier loss as a result of more limited...

Saturday 19. March 2011
German Evonik to sell 130,000-home firm after IPO

Essen-based chemicals and mining giant Evonik plans an initial public offering in 2012 and intends to sell its...

Saturday 19. March 2011
Aberdeen grows Nordic AUM by over E800m to E9.9bn

Aberdeen Asset Management has won two new property management mandates, taking its total Nordic AUM to E9.9bn. It is to...

Saturday 19. March 2011
CEE investment hits E1.2bn at 2011 start - CBRE

CEE property investment reached E1.2bn in the first two months of 2011, including January's completion of CA Immo's...

Saturday 19. March 2011
Jelmoli buy helps Credit Suisse's Swiss Prime profit up 25%

Listed real estate firm Swiss Prime Site, managed by Credit Suisse, posted a 2010 net profit rise of 25.4% to CHF235m,...

Saturday 19. March 2011
AEW /Tristan buys into CEE logistics for E300m

European Property Investors Special Opportunities, a fund co-advised by AEW Europe and Tristan Capital Partners, has...

Saturday 19. March 2011
European residential recovery fragile - RICS

Recovery is under way in most European housing markets but uncertainty remains and performance variations are...

Saturday 19. March 2011
Denmark Sjælsø halves losses, market improves

Growing demand and increased real estate turnover in Denmark resulted from a reversal of negative economic trends, said...

Saturday 19. March 2011
AOG/Emerige to invest E400m in Paris real estate

Swiss-based energy group Addax & Oryx and French property company Emerige have set up a joint venture to invest E400m...

Saturday 19. March 2011
French Masséna slips into loss after REIT/SIIC exit

French listed Foncière Masséna slumped to a net loss of E5m in 2010 reversing 2009's E23m profit after being forced out...

Saturday 19. March 2011
EU retail to move toward value add, to new markets - JLL

The six key trends that will shape this year's European investment in retail property are a multi-speed acceleration, a...

Thursday 17. March 2011
Global mayors focus on new cycle, climate, urbanisation

Mayors and top executives of global cities at the MIPIM trade fair last week identified three new drivers of policy:...

Thursday 17. March 2011
AREA targets Europe, India in NAB partnership

Global private equity manager AREA Property Partners has formed a strategic partnership with National Australia Bank...

Thursday 17. March 2011
Gecina ex-chmn Rivero shares seized in legal investigation

Shares in French REIT/SIIC Gecina held by former chairman Joaquin Rivero and ally Bautista Soler were seized by French...

Thursday 17. March 2011
GI, Principal in E214m Dutch residential NPLs JV

US-based real estate private equity firm GI Partners is partnering with the Dutch

Principal Company to acquire E214m...

Thursday 17. March 2011
Frankfurt's DIC in FFO fall, E52m rights issue

Frankfurt listed group DIC Asset posted a 7% fall to E44m in 2010 FFO, mainly due to disposals, though net profit rose...

Thursday 17. March 2011
Hungary's E5bn EuroVegas goes ahead despite protests

Orlando-based Hard Rock International and EuroVegas Hungary, owned by Austrian developers Asamer and Supersberger, have...

Thursday 17. March 2011
INREV puts forward new property fund style classes

European property funds association INREV has developed a new style classification based on `bundles of risks' to...

Thursday 17. March 2011
Invesco fund buys E170m NH hotels around Europe

Global manager Invesco Real Estate has bought first assets for its second pan-European hotel fund with a E170m sale and...

Thursday 17. March 2011
Gazit's Atrium swings back to profit, eyes E800m spend

Amsterdam-based CEE mall developer Atrium European Real Estate, controlled by Israel's Gazit Globe, will start its...

Thursday 17. March 2011
Deutsche transfers towers to DWS unit for E600m

Deutsche Bank is to sell its newly-refurbished Frankfurt twin tower headquarters to a fund managed by its DWS unit for...

Monday 14. March 2011
MIPIM 7% visitor rise highlights property recovery

From Sao Paulo to Chongqing, by way of Kigali and London, the international real estate community gathered in Cannes...

Monday 14. March 2011
Property recovers but double-dip risk persists

Recovery is coming to real estate, but slowly and painfully, and the sector is predicted to double this year, said...

Monday 14. March 2011
Ukraine's Smart seeks $1bn for Balaklava, Crimea

Kiev-based Smart Holding is aiming to raise up to $1.2bn of investment for its Balaklava Green Resort project, 15 km...

Monday 14. March 2011
Bahrain's Arcapita launches E1bn logistics fund

Prague-based warehouse group PointPark Properties, owned by the logistics unit of Bahrain's Arcapita Bank, plans to...

Monday 14. March 2011
Austrian Neuschitzer plans $1bn resort in Romania

Austrian investor Kurt Neuschitzer is planning a five-star luxury leisure resort in the Romanian mountain town of...

Monday 14. March 2011
Distressed property rising fast in Europe - RICS

The supply of distressed property is likely to rise more quickly in Europe than in any other world region in first...

Monday 14. March 2011
Germany, CEE are best investment destinations - CBRE

European investors are increasingly targeting central and eastern Europe and North America at the expense of western...

Monday 14. March 2011
Paris La Défense likely to win more investor interest

La Défense, the office quarter on the western periphery of Paris, is likely to win increasing investor interest. BNP...

Monday 14. March 2011
LaSalle, BGC set RE derivatives platform

LaSalle Investment Management is partnering with BGC Partners, a leading financial intermediary, to establish a...

Monday 14. March 2011
Unicredit plans E280m Austria-Town

UniCredit Bank Austria will invest E150m-E280m to develop the area around Vienna's former northern train station,...

Friday 11. March 2011
Paris home prices surge 17.5% to new peak

Paris existing home prices rose 4.4% in fourth quarter, reaching a new high of E7,330 per sq.m., and were up a large...

Friday 11. March 2011
Cross-border property investment into Sweden soars 135%

Cross-border investment into Swedish commercial real estate rose last year by 135% to SEK13.6bn (E1.53bn), placing the...

Friday 11. March 2011
Germany's Westimmo may divest poor assets - sources

Poor or non-performing real estate assets are likely to be divested from real estate financier WestImmo into a...

Friday 11. March 2011
Prime office rents seen stabilising in 2011 - Colliers

After a mixed year for prime rents across Europe's major office markets, they are set to stabilise in 2011, with...

Friday 11. March 2011
French UFG REM aims to invest at least E500m in 2011

French fund manager UFG aims to invest at least E500m in 2011, taking the view that property is entering a new phase...

Friday 11. March 2011
UniCredit Austria target up to E280m at Vienna development

UniCredit Bank Austria plans to invest E150m-E280m to develop the area around Vienna's former northern train station....

Friday 11. March 2011
LaSalle IM procures E800m for core European real estate

LaSalle Investment Management has secured a fully discretionary account with a major European institutional investor,...

Friday 11. March 2011
Austria's CA Immo returns to profit, aided by Germany

Vienna-based listed CA Immo posted 2010 net profit of E45m, reversing a 2009 loss of E77m with the help of a...

Friday 11. March 2011
Sonae Sierra returns to profit in 2010

Portugal-based pan-European shopping centre developer Sonae Sierra returned to profit in 2010, posting net profit of...

Friday 11. March 2011
Hungary's Futureal starts Cordia Sun residential project

Hungarian developer Futureal has started construction of its Cordia Sun Resort residential development, the fifth...

Wednesday 09. March 2011
Union Investment to invest E1bn-E1.5bn this year

Hamburg-based property fund manager Union Investment, part of the German cooperative banking system, plans to invest...

Wednesday 09. March 2011
French mall REIT Altarea net profit rises 11%

French shopping centre REIT/SIIC Altarea Cogedim's recurring net profit rose 11% to E120m in 2010, exceeding target of...

Wednesday 09. March 2011
Swiss Mobimo increases profit to CHF66m

Lucerne-based listed property company Mobimo boosted 2010 net profit by 5% to CHF66m, its portfolio by 7% to CHF2bn,...

Wednesday 09. March 2011
Global RE investment recovery to continue in 2011 - C&W

Global property investment should continue to recover in 2011, with volumes up 5%-10% to E485bn, said consultancy...

Wednesday 09. March 2011
European RE debt market to remain tight - CBRE

European real estate debt will remain tight in 2011 due to cautious lending, regulatory changes and withdrawal of some...

Wednesday 09. March 2011
Gagfah may face E925m legal claim in Dresden

Listed German housing group Gagfah is facing a legal claim from the City of Dresden that could total E925m. Gagfah...

Wednesday 09. March 2011
Warburg-Henderson E300m fund to target low risk assets

Warburg-Henderson, Henderson Global Investors' joint venture partnership in Germany, has raised E200m for a new fund...

Wednesday 09. March 2011
Italy's Prelios reduces losses, sheds assets

Italian listed real estate management firm Prelios, formerly Pirelli Real Estate, cut its net loss to E95m in 2010 from...

Wednesday 09. March 2011
French investment constrained by supply, finance - IPD

Investment in the French commercial property market will increase to E13.3bn this year from E11.9bn in 2010, but strong...

Wednesday 09. March 2011
BelRom/K&S plan E100m Bucharest mall project

Belgo-Romanian mall development group BelRom and Romanian subsidiary K&S Development are planning a E100m mall project...

Saturday 05. March 2011
Unibail buys 7% stake in French REIT Lyonnaise

French-Dutch REIT Unibail-Rodamco has bought a 7.25% stake in French office REIT Société Foncière Lyonnaise from German...

Saturday 05. March 2011
Spain's Metrovacesa slashes 2010 losses to E90m

Spain's struggling residential housing group Metrovacesa, which also controls French REIT Gecina, sharply narrowed its...

Saturday 05. March 2011
BNPP RE earnings rebound on market share gains

BNP Paribas Real Estate saw pretax profit bounce back to E139m in 2010 from E77m the year before, with revenues...

Saturday 05. March 2011
French Crédit Foncier new loans rise to E16.8bn

French property financier Crédit Foncier de France posted a 14% rise in new loans to E16.8bn in 2010, with home loans...

Saturday 05. March 2011
French REIT STE returns to profit, raises dividend

French REIT/SIIC Société de la Tour Eiffel returned to profitability in 2010, posting E42.5m net, and reversing a loss...