Property Investor News

Friday 17. December 2010
Moscow to sell E340m of property assets

Recently appointed Moscow Mayor Sergei Sobyanin plans to sell off RUB13.9bn (E340m) of city real estate in an effort to...

Monday 13. December 2010
Dutch NSI-VastNed merger may create E2.4bn firm

Rotterdam-based REIT/FBI VastNed Office/Industrial and Dutch peer Nieuwe Steen Investment have taken up merger...

Monday 13. December 2010
Unibail-Rodamco to start 300m La Défense tower

French-Dutch REIT Unibail-Rodamco has received the go-ahead for its 300m Tour Phare building in the La Défense Paris...

Monday 13. December 2010
Deka sees pitfalls in German open fund law proposals

Draft laws proposed for German open-ended funds still hold pitfalls such as too frequent valuations and redemption...

Monday 13. December 2010
Swedish Willhem buys E770m residential

Swedish real estate company Willhem, based in Gothenburg and recently founded by the first national pension fund Första...

Monday 13. December 2010
Germany's Patrizia buys HSH fund manager

Augsburg-based listed residential property firm Patrizia has acquired commercial real estate Special Fund manager LB...

Monday 13. December 2010
FdR's Beni Stabili to become 2nd Italian REIT/SIIQ

Italy's biggest listed real estate group Beni Stabili, 52% controlled by French SIIC Foncière des Régions, is set to...

Monday 13. December 2010
French Gecina to set up new residential unit

French REIT/SIIC Gecina will set up a separate subsidiary to hold its residential real estate, with the aim of...

Monday 13. December 2010
Berlin's Deutsche Wohnen achieves Zahn's MDAX goal

Germany's second-largest listed residential property firm Deutsche Wohnen has moved into the German stock exchange's...

Monday 13. December 2010
Paris office take-up to level off in 2011 - JLL

Office take-up in the Paris region is likely to flatten out next year at around 2.2m sq.m. after rising to 2.1m-2.2m...

Monday 13. December 2010
Belgian Wereldhave pays E150m for ING mall portfolio

Belgian REIT Wereldhave Belgium has agreed to buy the bulk of ING Real Estate Development's Belgian development...

Monday 13. December 2010
FdR's Beni Stabili to become 2nd Italian REIT

Beni Stabili, Italy's biggest listed real estate group, 52% controlled by French REIT/SIIC Foncière des Régions, is set...

Monday 13. December 2010
Berlin's Deutsche Wohnen achieves Zahn's MDAX goal

Germany's second-largest listed residential property firm Deutsche Wohnen has moved into the German stock exchange's...

Monday 13. December 2010
Wereldhave pays E150m for ING mall portfolio

Belgian REIT Wereldhave Belgium, a subsidiary of Dutch REIT/FBI Wereldhave, has agreed to buy the bulk of ING Real...

Monday 13. December 2010
Former Annington boss Riebel named to head Austrian conwert

Austrian listed residential group conwert Immobilien has named Volker Riebel as chairman to succeed Johann Kowar, who...

Monday 13. December 2010
Germany's Patrizia buys HSH commercial RE fund manager

Augsburg-based residential property firm Patrizia has acquired commercial real estate Special Fund manager LB...

Monday 13. December 2010
French SIIC Icade agrees E255m refinancing

French SIIC/REIT Icade has agreed E255m in new financing, secured by its 40,000 sq.m. Crystal Park in the Paris suburb...

Monday 13. December 2010
AEW, Tristan's EPISO invests E300m in Czech warehouse

Listed Czech industrial property developer VGP has agreed to sell an 80% equity interest in warehousing park manager...

Monday 13. December 2010
Macquarie Renaissance invests $125m in Russia's Brunswick Rail

Macquarie Renaissance Infrastructure Fund, a joint venture between Australia's Macquarie group and Moscow-based...

Wednesday 08. December 2010
Russian World Cup to boost infrastructure, property

Russian success in winning host nation for the 2018 soccer World Cup is expected to kick off a surge in infrastructure...

Wednesday 08. December 2010
France's FSIF seeks Eurozone REITs 'single passport'

French listed property association FSIF is pushing for a harmonisation of taxes for real estate investment vehicles...

Wednesday 08. December 2010
Finnish Solidium sells part of Sponda's shares

Finnish listed property group Sponda is not aware of the grounds for a 19pt reduction in shareholding by state-owned...

Wednesday 08. December 2010
Russia's Hermitage sees strong interest in Paris towers

Russian-owned developer Hermitage is seeing strong interest in the 540 luxury apartments within its gigantic Hermitage...

Wednesday 08. December 2010
French REIT Terreïs in merger, targets E1bn portfolio

French REIT/SIIC Terreïs owner and chairman Jacky Lorenzetti has expanded the firm by merging into it his DAB Expansion...

Wednesday 08. December 2010
Deka buys Spanish Bilbao mall for E116m

German savings banks' fund manager Deka has acquired the Ballonti shopping centre, Portugalete, north-west of Bilbao,...

Wednesday 08. December 2010
Fortress' GAGFAH in share buyback

German listed housing firm GAGFAH, controlled by US private equity group Fortress, is to make a share buyback of up to...

Wednesday 08. December 2010
Swedish Fabege sells 16 properties for E148m

Listed Swedish realtor Fabege has sold 16 properties for E148m to Swedish asset manager Profi's investment vehicle...

Wednesday 08. December 2010
Energy label aids house marketing, sales - RICS

Homebuyers are willing to pay more for houses labeled energy efficient, particularly in low income areas, and `green'...

Monday 06. December 2010
Menno Maas, CEO, Continental Europe, Middle East & Africa, DTZ, London

"There will be a huge difference in pace of recovery between European countries. France, Germany, Sweden and the...

Monday 06. December 2010
Aref H. Lahham, Founding Partner, Orion Capital Managers, Paris/London

"Core assets will remain in strong demand, secondary assets will decline in value. The development cycle will re-start...

Monday 06. December 2010
Hans van Veggel, Chairman, Multi Corporation, Amsterdam.

"Strong retail demand will continue for genuine A-locations, places that are or can be a central part of customers'...

Monday 06. December 2010
Andy Rofe, Managing Director, Invesco Real Estate, London

"Full market recovery will take a lot longer than 12 months. However, fundamentals are firming, and this is allowing...

Monday 06. December 2010
Pieter Hendrikse, CEO, ING REIM Europe, Amsterdam

"No, we think values will not be fully recovered.. they have only recently started to stabilise and still have to grow...

Monday 06. December 2010
Robert Waterland, Managing Director, Société Tour Eiffel, Paris

"The value of non-core assets will steadily recover. Yield differentials appear unreasonable and the acceptable risk...

Monday 06. December 2010
Andrew Smith, Global Head of Property, Aberdeen Asset Management, London

"Property's relatively attractive pricing in a multi-asset context could support a stronger short-term upturn in values...

Monday 06. December 2010
Fernando Guedes Oliveira, CEO, Sonae Sierra, Lisbon

"2011 will be in a period of some stability in terms of yields where prime shopping centres yields may even decrease....

Monday 06. December 2010
Philip Dunne, Chief Executive Officer, Prologis, Amsterdam

"Values for prime real estate have largely stabilised and we may see some cap rate compression and value uplift in...

Monday 06. December 2010
Matthias Thomas, Chief Executive Officer, INREV, Amsterdam

"I can imagine core funds will fully recover as a result of positive changes in GDP growth, especially in...

Monday 06. December 2010
Ric Lewis, Chief Executive, Tristan Capital Partners, London

"Overheated in some markets - London, UK; not yet recovered in the toughest markets - Ireland, Spain, Greece. Not...

Saturday 04. December 2010
Bank Austria said in bid to up CA Immo stake to 30%

Bank Austria, part of the Unicredit group, is bidding to raise its stake in Vienna listed CA Immo to 30%, reports...

Saturday 04. December 2010
Deutsche Wohnen aims at doubling portfolio, MDAX

Post-crisis and financial reorganisation, CEO Michael Zahn has set Berlin listed property group Deutsche Wohnen the...

Saturday 04. December 2010
Seine corridor must be Grand Paris priority - Rufenacht

Le Havre Mayor Antoine Rufenacht said development of transport links along the Seine corridor to the west of Paris must...

Saturday 04. December 2010
Henderson eyes income returns in property fund build

Henderson Global Investors is growing its property funds in Europe with a focus on income since, post-crisis,...

Saturday 04. December 2010
Deka acquires Spanish Bilbao mall for E116m

The savings bank system's central fund manager Deka has acquired the Ballonti shopping centre Portugalete, north-west...

Saturday 04. December 2010
German prime office supply shortage coming - Catella

A shortage of prime product will characterise the top five office markets in Germany next year, leading to gradually...

Saturday 04. December 2010
IPD launches French OPCI fund index

Investment Property Databank has launched a new index to measure the performance of French OPCI institutional funds....

Saturday 04. December 2010
Poland, Czech best CEE for bank financing - KPMG

With property market prospects generally linked to the macroeconomic outlook, Poland emerges as the best central...

Saturday 04. December 2010
Croatian housing oversupply to spur price variance

Oversupply in the Croatian residential market signals the last stage of the economic cycle, preceding a renewed market...

Monday 29. November 2010
Morgan Stanley upgrades Euro listed property

Investment bank Morgan Stanley this month has officially became optimistic on prospects for listed property firms for...

Monday 29. November 2010
EU derivatives rule may cost E65bn - EPRA

Proposed EU rules on derivatives could take E65bn of working capital away from Europe's economy by requiring property...

Monday 29. November 2010
Interest in distressed sales almost doubles - RICS

Interest in distressed property is rising dramatically worldwide, especially in Ireland, the US and Spain, says a new...

Monday 29. November 2010
Huge German housing portfolios readied for sale, IPO - sources

With expectations firming that 2011 will be a stronger year in European real estate, various German public and private...

Monday 29. November 2010
Opportunity funds increasingly active in Spanish NPLs

The morosity in Spanish commercial real estate investment looks likely to pass in the next few months since foreign...

Monday 29. November 2010
Orco CEO Ott to head German unit; Endurance fund to liquidate

Jean-Francios Ott, founder and CEO of CEE developer Orco, has taken over its German unit, and plans to co-develop, with...

Monday 29. November 2010
French FdR sells 25% stake in CB 21 La Défense tower

Foncière des Régions, one of the largest French REIT/SIICs, has agreed to sell a 25% stake in its CB 21 tower in the...

Monday 29. November 2010
Grosvenor's Sonae doubles 9mth net profit

Lisbon-based international shopping centre specialist Sonae Sierra, controlled by the UK's Grosvenor group, saw net...

Monday 29. November 2010
INREV sees RE fund guideline use rise strongly

European property funds association has seen a substantial increase in use of its Reporting Guidelines. In a review of...

Monday 29. November 2010
Katzman's Atrium strongly reverses 9mth pre-tax loss

Amsterdam-based Atrium European Real Estate, part of the shopping mall and retail universe controlled by Chaim...

Friday 26. November 2010
Green building value premia to rise fast - conference

Value premia in sustainable or 'green' buildings will quickly rise in the next few years as operating costs, such as...

Friday 26. November 2010
INREV sees RE fund guideline use rise strongly

European property funds association INREV has seen a substantial increase in use of its reporting guidelines. In 2009...

Friday 26. November 2010
Deutsche EuroShop ups forecast after higher 9mths

With EBIT of E91.5m and consolidated profit of E38.3m, Hamburg listed shopping centre investor Deutsche EuroShop in the...

Friday 26. November 2010
Austrian conwert 9mth net doubles on higher rents, margins

Austrian listed housing firm conwert Immobilien boosted rental income and profit margins on sales in the first three...

Friday 26. November 2010
French SFL ready to partipate in SIIC consolidation

French REIT/SIIC Société Foncière Lyonnaise, which is taking a 30% stake in Spanish listed group Realia's SIIC de Paris...

Friday 26. November 2010
Foreign opportunity funds more active in Spanish NPLs

Foreign opportunistic funds have entered the Spanish real estate market offering cash-strapped private banks and...

Friday 26. November 2010
Austria's CA Immo posts record 3Q10 EBIT

Austrian listed property group CA Immo reversed last year's losses in the first nine months, turning in net income of...

Friday 26. November 2010
French Icade sees significant cash-flow rise - Grzybowski

French SIIC/REIT Icade expects a substantial increase in cash-flow in 2011 and 2012 due to delivery of new buildings,...

Friday 26. November 2010
Supply to lead European retail recovery in 2011 - C&W

The stabilisation of the European retail market will give way to a supply-led recovery in 2011 but with further...

Friday 26. November 2010
Green building value premia to rise fast - Cifral conference

Value premia in sustainable or 'green' buildings will quickly rise in the next few years as operating costs, such as...

Friday 26. November 2010
French SIICs eye leases after Senate approves Grand Paris tax shift

After the French Senate on Wednesday passed an amendment to the 2011 budget replacing the capital gains tax proposed to...

Thursday 25. November 2010
German housing portfolios being readied for sale, IPO

With expectations firming that 2011 will be a stronger year in European real estate, German public and private sector...

Thursday 25. November 2010
Katzman's Atrium strongly reverses 9mth pre-tax loss

Amsterdam-based Atrium European Real Estate, part of the shopping mall and retail company universe controlled by Chaim...

Thursday 25. November 2010
Korea Pension earmarks $1bn more for European RE

Korea's National Pension Service, which has invested in substantial continental European real estate in 2010, mainly...

Thursday 25. November 2010
French Gecina buys E440m office assets, diversifies risk

French REIT/SIIC Gecina has taken a further step towards its goal of expanding its office portfolio to E9bn from...

Thursday 25. November 2010
More non-banks in RE debt make Europe more like US

The European real estate debt market is loosening up as more financing options become available and new lenders enter...

Thursday 25. November 2010
Global 3yr property debt gap to reach $245bn - DTZ

The global commercial property debt funding gap - the difference between coming refinancing needs and bank credit...

Thursday 25. November 2010
German open funds show first-ever return loss in 3Q10

The performance of German open-end property funds was negative in 3Q10 for the first time ever, according to...

Thursday 25. November 2010
French REIT Silic raises E175m via bond issue

French industrial park REIT/SIIC Silic has raised E175m through its convertible bond issue launched earlier. Lead...

Thursday 25. November 2010
Plaza Centers 1st bond tranche from Polish investors

Listed emerging markets shopping centres developer Plaza Centers has completed the first tranche of its planned PLN300m...

Monday 22. November 2010
PIE Presentation: The City of Turin, Wednesday 1 December in London

- Investment opportunities in outstanding urban projects

- 1m. sq.m for new housing, commercial, tertiary, office,...

Monday 22. November 2010
Solvency II holds risk for insurance, real estate - PIE German PB

The proposed Solvency II rules for insurance firms would impose huge risks on European groups and, potentially, the...

Monday 22. November 2010
Paris abolishes 37 metre height restriction

The Paris city authority has voted to allow construction of large tower blocks, removing a 37-metre height limit in...

Monday 22. November 2010
French govt kills off Grand Paris capital gains tax

The French government has killed off plans for a controversial capital gains tax to finance the Grand Paris urban...

Monday 22. November 2010
Austria's conwert finishes ECO buy; Kowar leaves

Austrian listed residential developer and investor conwert now owns 95.76% in Vienna-based ECO Business-Immobilien...

Monday 22. November 2010
MAPIC attendees up 10% as optimism grows

Attendees at the Reed Midem's annual MAPIC retail real estate conference in Cannes in November rose 10% from last year...

Wednesday 17. November 2010
French FdR founder cuts stake, steps down

French REIT Foncière des Régions' long-standing shareholder Batipart has cut its stake and its CEO Charles Ruggieri is...

Wednesday 17. November 2010
French Gecina takes loss on Eiffage stake

French REIT Gecina has sold its 1.86% stake in construction group Eiffage. It took a capital loss, reasoning that the...

Wednesday 17. November 2010
Chinese banks seeking European office space - C&W

Office space taken by banks in Europe has been characterised by a continuing influx of Chinese banks and a rise in...

Wednesday 17. November 2010
Public property squandered by cities - ULI Europe

The potential of public property to leverage economic development is too often squandered due to lack of a strategy by...

Wednesday 17. November 2010
Italy's Prelios boosts 9mth EBT, cuts net loss

Italian listed group Prelios, formerly Pirelli Real Estate, reported improvements in all key performance indicators in...

Wednesday 17. November 2010
Warsaw's GTC back in black as markets recover

Warsaw-listed office, retail and residential developer Globe Trade Centre scraped back into the black in the third...

Wednesday 17. November 2010
Munich's Fair Value REIT ups profit forecast

Munich-based REIT Fair Value boosted net income to E4.1m in the first nine months, nearly double E2.4m in the same 2009...

Wednesday 17. November 2010
Office price rises extend in German Prime 5 - JLL's Victor

Jones Lang LaSalle's Victor indicator of prime office valuations in the five major German cities rose by 2.8% in third...

Wednesday 17. November 2010
Demand for German office to continue into 2011 - CBRE

Yields have declined in the German office market, prime rents have risen, and prime properties are in demand - all...

Wednesday 17. November 2010
Moscow warehouse demand picks up, vacancies drop

Moscow region warehouse demand picked up in third quarter, with vacancy rates plunging to 7% from 11.7% in 2Q10 and...

Monday 15. November 2010
Hamburg's TAG in E174m bid for Colonia RE

Hamburg-based listed property group TAG has announced a takeover bid for Cologne-based Colonia Real Estate at a price...

Monday 15. November 2010
EPRA calls for open German review after fund turmoil

Considering the turmoil in German open-end property funds, investors deserve an alternative real estate investment and...

Monday 15. November 2010
AXA extends closure of Immoselect GOEF

Cologne-based asset manager AXA Investment Managers Deutschland is to extend, for another 12 months, the initial...

Monday 15. November 2010
Aerium launches E120m French retail fund

European fund management group Aerium has launched a new fund to invest E100m-E120m in prime retail real estate...

Monday 15. November 2010
Germany's IVG posts lower 3Q10 EBIT

German listed office investor and funds manager IVG posted a slight fall in third quarter operating profit to E80.9m...

Monday 15. November 2010
Vienna's Immofinanz launches share buyback

Vienna-based property investor Immofinanz has launched a share buyback through until next April, and aims to raise...