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Next Issue Monday
23 August 2010
Samstag 28. Juni 2008
Sweden extends Vasakronan bid deadline, sells assets prior to privatisation
The Swedish government has extended the deadline to submit bids for state-owned real estate firm Vasakronan, and a...
Samstag 28. Juni 2008
French AGF Immobilier property manager to boost sales in 2008 to e600m
The French AGF Immobilier, the real estate manager for the French AGF insurance group and the Allianz activities in the...
Samstag 28. Juni 2008
Austria's conwert launches property development unit; e180m on booksAustria's conwert launches property development unit; e180m on books
Austrian residential property firm conwert Immobilien Invest, listed on the Vienna Stock Exchange, is strengthening its...
Samstag 28. Juni 2008
Hamburg's renamed TAG buys regional residential at 8.7% entry yieldHamburg's renamed TAG buys regional residential at 8.7% entry yieldHamburg's renamed TAG buys regional residential at 8.7% entry yield
The newly-renamed TAG Immobilien, a listed real estate developer and investor based in Hamburg, has aquired a portfolio...
Samstag 28. Juni 2008
Italy to sell 1.2m social housing units over next five years
The Italian government is inserting plans to sell 1.2m units of social housing over the next five years into its...
Samstag 28. Juni 2008
Spain's Grupo Pinar completes e150m capital increase, debt restructuring
Madrid-based privately-held residential real estate company Pinar has overcome two hurdles currently crippling rivals...
Samstag 28. Juni 2008
German real estate economy, climate `between hope and fear' - King Sturge
The mood in the German property market continues to worsen and can be characterised as somewhere between hope and fear,...
Samstag 28. Juni 2008
TriGranit to invest e700m in Hungary, starts e519m Romanian housing project
Budapest-based listed property development giant TriGranit plans investment of e700m in Hungary over the next five...
Samstag 28. Juni 2008
Spain's Martinsa-Fadesa plans e350m capital increase in next few monthsSpain's Martinsa-Fadesa plans e350m capital increase in next few months
A shareholder meeting of the Spanish listed real estate group Martinsa-Fadesa last Friday approved the final accounts...
Samstag 28. Juni 2008
Germany's Deka closes e380m RE buys in June, signals another e500m in USGermany's Deka closes e380m RE buys in June, signals another e500m in US
The largest German open-end property fund manager DekaBank, has moved back strongly into European and US real estate...
Freitag 20. Juni 2008
Norwegian Properties e313m rights issue 40% oversubscribed
An extraordinary stockholders meeting of the stock market listed Norwegian Properties has been asked by management to...
Freitag 20. Juni 2008
Italian real estate urged to seize REIT opportunities, improve transparency
The Italian property community needs to do more work to seize the opportunities in Real Estate Investment Trusts, to...
Freitag 20. Juni 2008
Spain's Colonial divestment reaches only e1.7m so far, but backers confident
Spanish property group Inmobiliaria Colonial, now in the hands of creditor banks while company managers try to reduce...
Freitag 20. Juni 2008
French REIT free float deadline to bring sales, possible mergers - Citi
The approach of the deadline for increasing free float in the capital of French REITs means that up to e2bn could be...
Freitag 20. Juni 2008
High speed rail links seen pointing to Italian real estate opportunities
A new study predicts high speed rail in Europe will drive major real estate development and redistribute economic...
Freitag 20. Juni 2008
Finland's stable commercial property market said remaining attractive
Finnish office rents are still increasing although the rate is slowing, and prime yields remain stable, according to...
Freitag 20. Juni 2008
Foreign investors bet e2.8bn on Spanish construction despite downturn
Foreign capital flowing into the Spanish construction and property sectors between early 2007 and May of this year...
Freitag 20. Juni 2008
German sustainability certificate seen good news for domestic real estate
The German Sustainable Building Council and the federal Building Ministry are jointly developing a sustainability...
Freitag 20. Juni 2008
Italy's Intesa imposes steep conditions on e150m Risanamento bridge loan
Italy's largest bank Intesa Sanpaolo has imposed stringent collateral demands worth far more than the nominal e150m on...
Freitag 20. Juni 2008
Italy to merge public real estate agencies, sell e4bn in ex-barracks
The new Italian government is evaluating the merger of three public sector real estate entities to handle disposals of...
Montag 16. Juni 2008
Intesa Sanpaolo cancels Immit REIT IPO, citing poor market conditions
Italy's second-largest bank, the Milan-based Intesa Sanpaolo, has canceled an initial public offering of its real...
Montag 16. Juni 2008
Rome's new mayor demands reform to improve Italian real estate climate
Rome's newly-elected, centre-right mayor demanded wide-ranging reforms to catalyse urban renewal in Italy's cities....
Montag 16. Juni 2008
Turkey mortgage sector seen with potential up to e150bn
The economic volume of Turkey's mortgage sector may hit e150bn if the mortgage system begins to operate effectively,...
Montag 16. Juni 2008
Carlyle to invest e1bn in Spanish property market
The downturn in the Spanish property sector is no obstacle for US private equity firm The Carlyle Group, which will...
Montag 16. Juni 2008
Global Property Research European index down 4% in May
Like most other continental sub-set indices, the GPR 250 Europe Index run by the Amsterdam-based Global Property...
Montag 16. Juni 2008
Spain's Realia to reinvest SIIC de Paris proceeds back into French market
Listed Spanish real estate group Realia, one of the country's biggest developers, aims to re-invest the money it will...
Montag 16. Juni 2008
PFE COMMENT: MGPA closes $19bn Europe/Asia real estate fund
An amazing indication of the underlying strength of investor demand for the asset real estate, albeit here stronger for...
Montag 16. Juni 2008
Macquarie associate MGPA closes Europe/Asia real estate fund targeted at $19bn
MGPA, the private equity real estate advisor which is an associate of the Australian Macquarie Group, has made the...
Montag 16. Juni 2008
PFE COMMENT: Whitehall's LEG takeover
What are important here are two elements: the buyer, who is evidently still keen on German residential assets, and the...
Montag 16. Juni 2008
Goldman's Whitehall wins German LEG state housing bid with e3.4bn
Whitehall Real Estate Funds, a unit of US investment bank Goldman Sachs, has won a privatisation auction to buy the LEG...
Freitag 06. Juni 2008
Risanamento, Aedes said turning to Gulf for capital
Developer Luigi Zunino, head of listed developer Risanamento, and the Castelli family, who control the listed property...
Freitag 06. Juni 2008
Italian property investment, including housing, up 5% to e104bn
Italian real estate investment last year, including housing, rose 5% to e104bn, or roughly 18% of the total for the...
Freitag 06. Juni 2008
CEE/CIS catch-up potential to western Europe seen as endless
The catch-up potential for central and eastern Europe and Russia is nearly endless, says Andreas Ridder, Vienna...
Freitag 06. Juni 2008
Balance sheet, float size affects property share behaviour - PFE expert panel
Size of balance sheet and free float are important elements in the behaviour of listed real estate shares, for one...
Freitag 06. Juni 2008
Retail banks likely to stay in RE lending due to Basel II - PFE expert panel
The credit crunch is changing the nature of lending in the real estate sector, and banks with retail customers entering...
Freitag 06. Juni 2008
French commercial RE values may drift lower but no sharp fall - PFE panel
French commercial real estate values are likely to drift slightly lower, sending yields higher to year end but the fall...
Freitag 06. Juni 2008
Eurohypo sells RE funds unit to former managers Rivlin, Lawson-May
Eurohypo, Europe's market-leading commercial property financing bank, has sold its property investment funds unit for...
Freitag 06. Juni 2008
German 2007 RE capital growth seen at 13%, but yields rising now
German commercial property capital values rose by around 13% on aggregate last year, based on market transactions, says...
Freitag 06. Juni 2008
Carlyle's third European RE fund targets e9bn in assets
Global private equity firm The Carlyle Group has closed its third European real estate fund, Carlyle Europe Real Estate...
Freitag 06. Juni 2008
French property watching SFL sale as benchmark for valuations
The French real estate community is watching to see what happens to Société Foncière Lyonnaise, a REIT/SIIC focused on...
Mittwoch 04. Juni 2008
Plaza Centers consortium wins e1.5bn Budapest casino project
AIM-listed emerging markets property developer Plaza Centers said a consortium in which it holds a 30% stake has won a...
Mittwoch 04. Juni 2008
French REIT Foncière des Régions co-invests in mixed e210m Marseilles project
Three French companies, including the REIT Foncière des Régions, are to invest e210m in a new mixed...
Mittwoch 04. Juni 2008
Austria's ECO-Immo lifts first-quarter operating profit by 64%
Vienna-listed commercial property investor ECO Business-Immobilien raised first-quarter operating profit by 64% before...
Mittwoch 04. Juni 2008
Eurohypo e1bn 10-year jumbo Pfandbrief oversubscribed
Eurohypo, Europe's market-leading real estate financing bank, said its new e1bn 10-year jumbo mortgage Pfandbrief...
Mittwoch 04. Juni 2008
German institutions shift to property funds from direct holdings - INREV
German institutional investors are shifting into property funds and out of direct real estate ownership in an...
Mittwoch 04. Juni 2008
Schroders residential fund buys Munich flats for e1,650 sq.m.
Schroders German Residential Fund, part of the UK Schroders group, paid an average price of e1,650 per sq.m. to a...
Mittwoch 04. Juni 2008
House prices in Serbian capital Belgrade double in past year
Residential real estate prices have doubled in the Serbian capital of Belgrade in the past year with a 30% rise in the...
Mittwoch 04. Juni 2008
Fortress' Gagfah has higher first quarter FFO, but pre-tax falls
Gagfah, the Frankfurt Stock Exchange-listed residential property unit of US alternative asset manager Fortress...
Mittwoch 04. Juni 2008
Fortress' Eurocastle dives to first quarter loss, seeks share buyback
Eurocastle, the listed European commercial property vehicle controlled by US private equity group Fortress Investments,...
Mittwoch 04. Juni 2008
Immofinanz shareholder Constantia to announce buyer soon, sources say
A buyer for Austria's Constantia Private Bank is likely to be announced within weeks rather than months, with a price...