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Next Issue Monday
23 August 2010
Montag 29. Juni 2009
Credit Suisse to re-open German RE fund; e420m inflows since closure
Swiss bank Credit Suisse is, as widely expected, to reopen its German open-end fund CS Euroreal to redemptions as of 30...
Montag 29. Juni 2009
Italy's UniCredit in first public covered bond program for e20bn
The giant Italian banking group UniCredit is preparing its first public covered bond program with a volume of e20bn to...
Montag 29. Juni 2009
Boston's DebtX establishes Madrid office to foster Spanish loan trading
Boston-based loan trading internet marketplace DebtX is opening an office in Madrid to exploit a growing demand from...
Montag 29. Juni 2009
European logistics to restructure; take-up may fall 35% - Savills
The European logistics market is set for further restructuring this year as distributors consolidate and optimise...
Montag 29. Juni 2009
Orco, Colony Capital modify agreement, sticking over bond debt
Struggling listed Czech property developer and investor Orco and US private equity firm Colony Capital have concluded...
Montag 29. Juni 2009
French FdR deal with France Télécom includes e133m asset sales
French SIIC Foncičre des Régions has signed an agreement with its largest single tenant, France Télécom, for the latter...
Montag 29. Juni 2009
Germany's Deka funds spend e360m in Italy, Australia, Canada
Germany's DekaBank, the central investment bank of the savings bank system, has continued its real estate acquisition...
Montag 29. Juni 2009
NL's Corio pays e127m for Madrid mall Príncipe Pío, yield 7.8%
The Dutch shopping centre REIT/FBI Corio has paid e126.5m to acquire a 95% stake in Madrid retail mall leaseholder...
Montag 29. Juni 2009
Norwegian Property re-capitalisation to go ahead after banks' approval
Norway's largest listed real estate group Norwegian Property said its creditor banks have agreed to a complete...
Montag 29. Juni 2009
Former Copper Beech MD sets e100m distressed property fund
Diwaker Singh, the former MD of Romanian residential developer Copper Beech, is setting up a property investment fund...
Donnerstag 25. Juni 2009
French FdR deal with France Télécom includes e133m asset sales
French SIIC Foncičre des Régions has signed an agreement with its largest single tenant, France Télécom, for the latter...
Donnerstag 25. Juni 2009
Boston's DebtX establishes Madrid office to foster Spanish loan trading
The Boston-based internet loan trading marketplace DebtX is opening an office in Madrid to exploit a growing demand...
Donnerstag 25. Juni 2009
Italy's UniCredit readies first public covered bond program for e20bn
The giant Italian banking group UniCredit is preparing its first public covered bond program with a total volume of...
Mittwoch 24. Juni 2009
Sliding visitor numbers add to gloom for Moscow hotels
The number of tourists and visitors to Moscow is falling, reflecting hard times faced by the global economy. Annually,...
Mittwoch 24. Juni 2009
Echo wins e50m Eurohypo loan for Polish project, progresses in Hungary
Warsaw-listed commercial real estate developer and investor Echo Investment has concluded a e50m credit agreement with...
Mittwoch 24. Juni 2009
Germany real estate contribution fund launched to pool assets
The privately held Garbe Group and corporate finance group CB Equity Partners have launched a new real estate...
Dienstag 23. Juni 2009
e50bn RE debt said for sale in Europe; fallout expected on prices
At least e40bn-e50bn of bank debt backed by real estate is up for sale across Europe as credit institutions seek to...
Dienstag 23. Juni 2009
Gecina AGM in uproar as shareholders fail to revoke Rivero, Metrovacesa directors
The annual meeting of French REIT/SIIC Gecina, the nation's second largest listed real estate group, ended in uproar...
Dienstag 23. Juni 2009
French Klépierre re-financing with BNPP includes new e2.4bn
French REIT/SIIC Klépierre, focused on shopping centre, office and other retail real estate, has made a comprehensive...
Dienstag 23. Juni 2009
German open RE funds net capital inflows reach e1.6bn to end-April
German open end real estate funds took e556m in net inflows in April, bringing total capital thus far this year, net of...
Dienstag 23. Juni 2009
Four units of Germany's Vivacon file for insolvency, threatening group
Four subsidiaries of Cologne-based listed property group Vivacon have filed for insolvency due to a liquidity gap...
Dienstag 23. Juni 2009
Nordic total property returns to fall 9% this year - Aberdeen PI
All property total returns in the Nordic region this year are likely to show a negative as wide as 9.4%, driven by a...
Dienstag 23. Juni 2009
Swiss Züblin boosts 2008/9 cash-flow, but 12% value cut brings loss
One of Switzerland's largest listed property groups, the Zürich-based Züblin, boosted operating cash flow by 7% last...
Dienstag 23. Juni 2009
Shore Capital makes agreed offer for German manager Puma Brandenberg
The London Stock Exchange-listed real estate managers Shore Capital has made a recommended cash offer to take over the...
Dienstag 23. Juni 2009
IVG launches 6% German office fund EuroSelect 18
Germany's largest listed property company, the Bonn-based IVG, has launched a new closed-end fund in its EuroSelect...
Dienstag 23. Juni 2009
Deutsche, partners seed e1bn new Russian RE fund
VTB Capital, Deutsche Bank and Finnish builder SVR have launched a e300m fund for investing in real estate development....
Montag 15. Juni 2009
Register now FOR FREE to attend PFE's German Property Breakfast on tour in Paris, Madrid this Thursday, Friday
Due to the kind support of our location sponsors, attendees at Property Finance Europe's highly successful German...
Montag 15. Juni 2009
German retail banks active in France; e210m Trois Quartiers, e160m Lille deals
A number of German banks have become very active in the French markets in recent weeks, particularly public sector...
Montag 15. Juni 2009
Norwegian Property makes e170m cash call, pressures banks on debt rescheduling
Norway's largest listed real estate group Norwegian Property has won approval for a private placement of nearly 202m...
Montag 15. Juni 2009
Spain's Metrovacesa agrees to halt split from French Gecina ahead of today's AGM
Spain's struggling quoted property group Metrovacesa has announced it will accept a stop to the separation agreement...
Montag 15. Juni 2009
European property funds retain liquidity, exit routes for investors - INREV
European non-listed property funds retain a good degree of liquidity and most, particularly with core and value-add...
Montag 15. Juni 2009
Credit Suisse to decide in next days whether to re-open CS Euroreal
Credit Suisse Asset Management is to decide in the next few days if it will re-open its German open-end property fund...
Montag 15. Juni 2009
Romania's BSGP takes 54% in Deutsche Land, offers for Rutley
The AIM-listed Deutsche Land, which has a portfolio of some e560m in office and hotels in Germany, is to make a placing...
Montag 15. Juni 2009
Germany's Hamborner wins authority to prepare conversion to G-REIT
The Duisburg-based Hamborner has received approval from shareholders to change its statutes to position for conversion,...
Montag 15. Juni 2009
Holland's Multi says record eight projects under construction
The Gouda-based shopping centre developer Multi Vastgoed said it has a record number of eight new retail projects under...
Montag 15. Juni 2009
Europe past recession worst; UK, Norway, Poland may see early recovery - C&W
Even if forward-looking indicators are up across Europe amid a growing belief that the region is past the worst of the...
Freitag 12. Juni 2009
Swiss Jelmoli agrees with Swiss Prime Site on improved stock offer
Jelmoli Holding, the listed Swiss department stores group that recently split out foreign assets, has reached an...
Freitag 12. Juni 2009
Romania's BSGP takes 54% in Deutsche Land, makes offer for Rutley European
The AIM-listed Deutsche Land, which has a portfolio of some e560m in office and hotels in Germany, is to make a placing...
Montag 08. Juni 2009
Swiss Jelmoli rejects e1.25bn Swiss Prime Site takeover bid
The board of directors of the recently-split Swiss department store property group and operator Jelmoli Holding has...
Montag 08. Juni 2009
Trying to get down to the heart of the matter in La Defense
Despite all the official optimism in Paris over prospects for the French property market, worries run very deep,...
Montag 08. Juni 2009
Sweden's SEB re-opens German property fund to redemptions
SEB Asset Management, the Frankfurt-based funds manager of the Swedish banking group, has lifted suspension of...
Montag 08. Juni 2009
French REIT/SIICs to lobby government on bank lending - sources
French REIT companies, via their representative association FSIF, are planning to lobby the government for assistance...
Montag 08. Juni 2009
Germany's Vivacon in acute liquidity crisis, negotiating with banks
Cologne-based listed property group Vivacon has announced that against the background of the ongoing capital market...
Montag 08. Juni 2009
Italy's Pirelli RE pulls back from NPL business, keeps SGR
Italy's largest listed real estate group Pirelli Real Estate is to pull back from business with non-performing loans by...
Montag 08. Juni 2009
Fortress' Eurocastle posts deep 1Q09 loss, to raise e130m in 20% perpetuals
Eurocastle Investment, the German commercial real estate group controlled by New York's Fortress Investments private...
Montag 08. Juni 2009
Time, tenacity, trust needed before recovery, ULI conference hears
Even if green shoots of recovery have been heralded by politicians and commentators in recent weeks, the consensus at...
Montag 08. Juni 2009
Vienna's CA Immo sells in Munich; raises e254m loan for Tower185
The Vienna-based CA Immo group has sold the Atmos office building in Munich to Union Investment Real Estate for more...
Montag 08. Juni 2009
European listed property association EPRA to move to Brussels
The European Public Real Estate Association, the industry association that represents the listed property industry in...
Freitag 05. Juni 2009
Germany's listed Vivacon in acute liquidity crisis, negotiating with banks; remaining founders leave board
Cologne-based listed property group Vivacon has announced that against the background of the ongoing capital market...
Freitag 05. Juni 2009
Sweden's SEB re-opens German property fund to redemptions
SEB Asset Management, the Frankfurt-based funds manager of the Swedish banking group, at the end of May lifted the...
Donnerstag 04. Juni 2009
Swiss Jelmoli rejects e1.25bn Swiss Prime Site takeover bid
The board of directors of the recently-split Swiss department store property group and operator Jelmoli Holding has...
Donnerstag 04. Juni 2009
Germany's IVG seeks e300m Berlin guarantee for financing program
Germany's largest listed commercial real estate group, the Bonn-based IVG, is to seek a federal government guarantee...
Montag 01. Juni 2009
PIE 123 now online: Property financing code sought as summer in Europe begins
The search for the code of financing is going to take at least the summer for European real estate players, and the...
Montag 01. Juni 2009
China seen likely to diversify reserve investment toward alternative assets
China is re-considering investment policy for its giant near-$2tr reserves in the wake of the financial crisis, and is...
Montag 01. Juni 2009
German housing activity picking up as institutions review - Patrizia's Fischer
German housing activity has picked up quite fast since the year's start, with private buyers reacting to historically...
Montag 01. Juni 2009
Crisis brings need for shift in retail mall strategy, says Sonae Sierra's Portela
The financial crisis has made one of Europe's largest shopping centre groups, the Lisbon-based Sonae Sierra, turn...
Montag 01. Juni 2009
Positive glow seen on horizon for European property - Europa Capital's Manns
The mood in European and US property markets is improving, with governments getting to grips with problems, more banks...
Montag 01. Juni 2009
Finland's Sponda makes e208m rights issue to re-finance debt
Finland's listed real estate group Sponda is to make a rights issue of e208m in the form of a maximum of 167m new...
Montag 01. Juni 2009
CEE hotel developer Warimpex in loss, sees slight upturn in recent sales
Listed CEE hotel and commercial property developer Warimpex said the first quarter saw lower occupancy rates and lower...
Montag 01. Juni 2009
Italy housing plan on track, credit woes remain, says Assoimmobiliare's Tamburini
The Italian government's e7bn national housing plan to support low-income residential development is a move in the...
Montag 01. Juni 2009
Madrid Cuatro Torres four towers only 20% leased
Madrid's Cuatro Torres four towers office complex, completed last year on the former training ground of the Real Madrid...
Montag 01. Juni 2009
Mid-East RE investors seen focused on US, UK; cautious on euro
Middle East real estate investment capital moving abroad is likely to focus primarily on the US, partially for currency...