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23 August 2010
Freitag 24. Oktober 2008
Turkey seen resilient in face of global crisis -CEREAN conference
Turkey and its property market will likely remain fairly sheltered from the global financial crisis and reforms should...
Freitag 24. Oktober 2008
INREV sets out eight-point integrated guidelines for property funds
The European association of non-listed property funds INREV has released an eight-point set of guidelines for best...
Freitag 24. Oktober 2008
Rich real estate pickings next year for those with equity - Savills' Wilcox
More distressed real estate sales are in the offing as owners aim to secure liquidity as fast as possible, and this...
Freitag 24. Oktober 2008
Real estate training too focused on capital market strategies - IREBS's Schulte
Management of real estate may have become too pre-occupied and inter-twined with capital markets in the last few years,...
Freitag 24. Oktober 2008
Debt shortfall may bring further European RE price falls - C & W's Rhydderch
The shortage of debt financing in the real estate investment market for the next short while is likely to lead to...
Freitag 24. Oktober 2008
Spain's Martinsa-Fadesa debt at e7.3bn, higher than previously reported
Spanish residential property developer Martinsa-Fadesa, in court protection from creditors since early-summer, has...
Freitag 24. Oktober 2008
French Klépierre closes e2.7bn Steen & Strom deal, sets e300m rights issue
French REIT/SIIC Klépierre and the Dutch ABP Pension Fund has closed the agreement with the Swedish Canica acquire 100%...
Freitag 24. Oktober 2008
French Kaufman & Broad cuts jobs, 2008 margin forecast by 20%
Listed French residential property developer Kaufman & Broad is to cut 166 jobs and has reduced its forecast for...
Freitag 24. Oktober 2008
Austrian banks in e450m rescue for Immofinanz-linked Constantia
Austrian private bank Constantia, which recently sold its real estate activities to Immofinanz and Immoeast, has been...
Freitag 24. Oktober 2008
New Spanish REIT structure aims at wholesale listed sector conversion
The suddent introduction of REITs in Spain may usher in a liberal structure allowing property groups to convert...
Montag 20. Oktober 2008
IPD head sees gradual move in Europe to more frequent funds valuations
Property funds in European national real estate sectors are increasing their frequency of reporting so that the...
Montag 20. Oktober 2008
Swedish, German banks provide e515m loan for RE purchase
Swedish banks SEB and DnB Nord and Germany's Aareal Bank and Helaba provided e515m (SEK5bn) in acquisition financing to...
Montag 20. Oktober 2008
Germany's Allianz on path toward e15bn-plus real estate investment
The giant German insurance group Allianz, after hesitations and false starts, has hired the highly-respected Olivier...
Montag 20. Oktober 2008
Asian central banks likely moving into European real estate - Allianz's Valente
One of the outcomes of the current financial crisis is that Asian sources of capital, even Asian central banks, are...
Montag 20. Oktober 2008
DIC Asset battles stock slump with 5% share buyback
In response to a falling share price, listed commercial property investor DIC Asset has announced a program to buy back...
Montag 20. Oktober 2008
Italy's Risanamento granted e60m debt extension, negotiates for new credit
Struggling Italian developer Risanamento has been granted one month grace on a e60m debt payment to its primary...
Montag 20. Oktober 2008
Italy signs e15bn EIB infrastructure financing facility
The European Investment Bank and the Italian Ministry of Infrastructure have signed an agreement to provide e15bn for...
Montag 20. Oktober 2008
Russian warehouse project launches funds subsidiary
The privately-held Russian group Eurasia Logistics aims to build 3m sq.m. of warehouse space across the south of the...
Montag 20. Oktober 2008
Spanish government authorises REITS to help struggling property sector
To boost liquidity in the hard-hit real estate sector and spur the rental housing market, the Spanish government plans...
Montag 20. Oktober 2008
KanAm backs out of deal to buy Frankfurt's Opera Tower office project
Open-ended property fund KanAm Grundinvest has allowed its option to purchase Frankfurt's unfinished Opera Tower office...
Montag 13. Oktober 2008
German open-ended funds to invest up to e25bn in commercial RE in next two years
German open-ended funds, with projected cash inflows of e7bn or e8bn in 2008, could potentially invest up to e25bn in...
Montag 13. Oktober 2008
European RE deals down in 1H08, but wall of equity seeking timing - CBRE
Real estate deals in the commercial sector in Europe were valued at e66.5bn in the first half, down 46% from the year...
Montag 13. Oktober 2008
German commercial property rents still rising, seen holding firm - IVD association
Commercial rents in Germany have risen by up to 4.5% in large cities this year, and by around 1% in cities across the...
Montag 13. Oktober 2008
ING pan-European health care funds aims for a closing this year
The first pan-European fund to invest in health care real estate is aiming for a closing this year, Wietse de Vries,...
Montag 13. Oktober 2008
Austria's conwert sees CEE prices declining, rebound mid-2009 - Kohar
Austria's top-end listed residential investor and refurbisher conwert sees downward price pressures in central and...
Montag 13. Oktober 2008
Austria's CA Immo concentrates on its current CEE markets -Ettenauer
Austrian-listed real estate group CA Immobilien, active in nine central and eastern European markets, plans to...
Montag 13. Oktober 2008
Austria's troubled Immofinanz/east weigh merger, stocks watchdog sounds alarm
The Austrian stock market regulator has referred to the state prosecutor two cases centred on the recent merger of real...
Montag 13. Oktober 2008
Expo Real 2008 reports 7.7% attendance growth despite financial crisis
Organisers of the Expo Real 2008 in Munich last week, the 11th annual trade fair since inception in 1998, report that...
Montag 06. Oktober 2008
Ablon posts pre-tax loss, omits 2008 dividend, but optimistic on outlook
London AIM-listed Ablon, a CEE commercial and residential property developer, reported first half pre-tax loss of...
Montag 06. Oktober 2008
French retail REIT Altarea opens Brittany mall at e57m, rental income surges
French REIT/SIIC Altarea, a shopping mall specialist, has opened Les portes de Brest-Guipavas in Guipavas Brittany, at...
Montag 06. Oktober 2008
Italian pension fund Enasarco to sell e3bn of RE assets over four years
The Enasarco foundation, a pension fund for Italian business agents, is to dispose of 481 buildings with a balance...
Montag 06. Oktober 2008
Sharp drop in foreign interest for French commercial RE, BI conference hears
The French commercial real estate investment market has seen a sharp drop in foreign investor interest and most...
Montag 06. Oktober 2008
DekaBank continues spree, buying five European/UK assets for e614m
Despite or perhaps because of the turmoil in financial and asset markets, Germany's DekaBank has continued its shopping...
Montag 06. Oktober 2008
Immofinanz/Immoeast delay, cancel projects, sell assets to secure liquidity
Austria's largest real estate group Immofinanz and subsidiary Immoeast are delaying and cancelling projects and selling...
Montag 06. Oktober 2008
Rome weighs transfer of e150bn state property to funds
The Italian government is weighing a massive transfer of state property worth as much as e150bn into funds, bringing in...
Montag 06. Oktober 2008
Madrid developers calls for government intervention to increase liquidity
José Manuel Galindo, the head of the Association of Madrid Developers, Asprima, has called on the Spanish government to...
Montag 06. Oktober 2008
Sovereign Wealth Funds to invest e500bn in commercial RE in 7 yrs - CBRE
Sovereign Wealth Funds are expected to become significant players in the world's commercial property markets,...
Montag 06. Oktober 2008
European real estate shuddering from crisis as Expo Real 2008 opens doors
As Expo Real 2008 opens its doors on Monday, European commercial real estate is shuddering from the financial and asset...