Property Finance News

Freitag 30. Oktober 2009
Deutsche pays e100m for Bucharest office building

The real estate division of Deutsche Bank is to buy Bucharest's tallest office building, BOC, located in Pipera, in a...

Freitag 30. Oktober 2009
Argo fund opens phase 1 of Riviera mall in Odessa

Argo Real Estate Opportunities Fund has opened the first phase of Riviera Shopping City in Odessa, Ukraine, an...

Freitag 30. Oktober 2009
Rutley Capital pulls plug on Russian property fund

Rutley Capital Partners, the real estate private equity arm of Knight Frank London, has given up plans to invest in...

Montag 26. Oktober 2009
Italy's listed RE investor Aedes closes second part of refinancing

Rapidly restructuring Italian listed property funds group Aedes has closed its latest capital increase, consisting in a...

Montag 26. Oktober 2009
Aberdeen, TMW Pramerica extend German open fund closures

Both Aberdeen Property Investors and TMW Pramerica, the German real estate funds manager unit of the US Prudential...

Montag 26. Oktober 2009
French REIT/SIIC Silic sees good nine months

French industrial park REIT/SIIC Silic, 43% controlled by the French mutual insurance and financial services company...

Montag 26. Oktober 2009
PEPR eyes convertibles to offset APG concerns

European listed logistics and warehouses developer and owner ProLogis European Properties, struggling to restructure...

Montag 26. Oktober 2009
Global real estate stocks rally unsustainable, says Lombard Odier Darier Hentsch

Global property stocks have, despite deteriorating fundamentals, had their biggest rally in 35 years since the trough...

Montag 26. Oktober 2009
Carlyle enters Benelux student housing JV via CEREP III

Global private equity firm The Carlyle Group is expanding real estate operations into Belgium, The Netherlands and...

Montag 26. Oktober 2009
Future uncertainty still dominates; fund reporting improves - INREV

Investors and fund managers think it unlikely that the property market will have improved by year-end, out of line with...

Montag 26. Oktober 2009
Austria's CA Immo to sell shares off market, issues e150m bond

Austrian listed property investor CA Immo is to re-sell off the stock market up to 1.5m of its own shares, 1.71 % of...

Montag 26. Oktober 2009
Echo Investment launches operations in Ukraine with Kiev office project

Warsaw-listed developer and manager Echo Investment plans to construct an office park with leasable area of some...

Montag 26. Oktober 2009
Warimpex quickly completes e8.1m capital increase

Vienna-based listed CEE hotel and office developer Warimpex has completed a capital increase after the conclusion of...

Mittwoch 21. Oktober 2009
PIE/PFE's German Property Breakfast in Paris now in Podcast

PIE/PFE's German Property Breakfast held in Paris in June in offices kindly sponsored by legal practice De Pardieu...

Mittwoch 21. Oktober 2009
Italy's Aedes completes second part of refinancing

Rapidly restructuring Italian listed property group Aedes has closed its latest capital increase, consisting in a...

Montag 19. Oktober 2009
Register now for PIE/PFE's French Property Breakfast Friday in London

Register now for PIE/PFE's French Property Breakfast in London this Friday.

(details in this issue on p11)

...

Montag 19. Oktober 2009
Germany's Allianz said eyeing Oppenheim's 20% IVG stake at e9 per share

Germany's IVG saw its share price jump by 10% last week on a report that insurer Allianz is to buy the stake owned by...

Montag 19. Oktober 2009
French REIT FdR faces e467m boost to equity

French REIT Foncière des Régions has added five Paris office assets worth e267m to its portfolio in a stock and...

Montag 19. Oktober 2009
BNP Paribas Real Estate to expand funds business across Europe

BNP Paribas Real Estate is expanding its indirect vehicles' offering across Europe, launching a new closed-end...

Montag 19. Oktober 2009
Italy's Risanamento wins e76m in fresh capital; bankruptcy ruling deferred

Italy's debt-laden Risanamento has secured a further credit line of e76m from banks, sending its shares up over 14%....

Montag 19. Oktober 2009
French Société Foncière Lyonnaise raises new equity in sale, makes e300m refinancing

French REIT/SIIC Société Foncière Lyonnaise said life insurer Predica has taking 50% of equity in its Parholding...

Montag 19. Oktober 2009
Spanish house price fall slows in third quarter, against expectations

Spanish house prices showed signs of stabilising in the third quarter after a record drop in 2Q09, though values are...

Montag 19. Oktober 2009
Investors support property fund continuations despite liquidity issues

Nearly two-thirds of property funds due to terminate in the period 2009-2011 have the support of investors to continue...

Montag 19. Oktober 2009
New markets, environmental buildings are new trends at MAPIC

New and rapidly developing retail property markets plus the growing influence of sustainable building are two trends...

Montag 19. Oktober 2009
Plaza Centers places shares with Polish institutions

Emerging markets developer Plaza Centers has placed all remaining 14.5m ordinary shares held in treasury with a number...

Freitag 16. Oktober 2009
French REIT Fonciere des Regions poised to make e467m boost to shareholder equity

French REIT Foncière des Régions has added five Paris office assets worth e267m to its portfolio in a stock and...

Freitag 16. Oktober 2009
Germany's Allianz said to buy 20% IVG stake at e9 per share

Germany's largest listed real estate group, the Bonn-based IVG, saw its share price jump by 10% on a report that giant...

Donnerstag 15. Oktober 2009
AIM's New Europe Property to invest up to e500m in Romanian malls next year

CEE property investor New Europe Property Investments, listed on London's AIM and in Johannesburg, has agreed to to...

Donnerstag 15. Oktober 2009
Developers, retailers clash over Romanian prospects at ICSC retail conference

Developers and retailers at the International Council of Shopping Centers Romanian Retail Real Estate Conference...

Montag 12. Oktober 2009
Register now for PIE/PFE's French Property Breakfast on Friday 23 October in London

Register now for Property Investor Europe and Property Finance Europe French Property Breakfast on 23 October in...

Montag 12. Oktober 2009
Optimism rises at Expo Real despite attendance dip

The mood at Expo Real 2009, which ended in Munich last Wednesday, was one of cautious optimism and even unguarded hopes...

Montag 12. Oktober 2009
German open funds have e12bn spending potential as liquidity picks up fast - CBRE

Liquidity in German Open-Ended real estate funds has started to pick up, which implies as much as e12bn in new...

Montag 12. Oktober 2009
ECE refinances in Czech; e210m Sofia mall on track

German retail mall developer ECE has refinanced a significant share of its 25% equity investment in the Arkády Pankrác...

Montag 12. Oktober 2009
Ten German banks among 23 UK lenders over £20m

German banks comprise 10 of the 23 lenders providing external finance for deals over £20m in size to UK commercial or...

Montag 12. Oktober 2009
Berlin Hyp hopes for sales boost with Paris office

Berlin Hyp, a mortgage bank that is part of the German savings bank system, plans to open a representative office in...

Montag 12. Oktober 2009
EC Harris in E120m European showroom rollout for Japanese Infiniti luxury autos

EC Harris Built Asset Consultancy, a US-based real estate advisory group, has successfully delivered the first 19...

Montag 12. Oktober 2009
German hotel deals focused on mid-sized segment so far - Christie

Most deals in the German hotel sector this year have taken place in the medium-sized segment, e10m in value and below,...

Montag 12. Oktober 2009
Estonia#s struggling Kobe mandates DTZ to find e109m JV partner, buyer for portfolio

The Baltics-based private equity real estate investment group Kobe Holding, struggling with payments difficulties in...

Montag 12. Oktober 2009
Warsaw seen first for European corporate expansion, ousting Moscow - C&W

Warsaw was the main focus of European corporate expansion in 2009, ousting Moscow from first place, according to...

Freitag 09. Oktober 2009
Ten German banks among 23 UK lenders over £20m - Savills

German banks comprise 10 of the 23 lenders identified by international realtor Savills as providing external finance...

Freitag 09. Oktober 2009
Optimistic mood at Expo Real 2009 despite 15% fall in attendance

The mood at Expo Real 2009, which ended at the Munich Trade Fair on Wednesday, was one of cautious optimism and, in...

Mittwoch 07. Oktober 2009
Ausria's conwert Immo on course for strong results due to demand for its assets, Kowar

Austrian listed residential investor conwert Immobilien is on course for a very strong result in 2009 mainly due to...

Mittwoch 07. Oktober 2009
NL's Multi pace of mall openings unlikely to slow down, says Mall Management MD Kokkeel

Dutch-based shopping centre developer and investor Multi Corporation is to open 10 new malls before year-end, and there...

Sonntag 04. Oktober 2009
French Affine re-focuses on investment to create investor transparency

French property group Affine is undertaking a major re-focus on investment, cutting back on development and non-core...

Sonntag 04. Oktober 2009
PIE/PFE French Property Breakfast to focus on valuations on 23 Oct. in London

Property Investor Europe and Property Finance Europe will focus on French real estate valuations in the next of its...

Sonntag 04. Oktober 2009
Germany's DIC to re-start investing in 2010 as Frankfurt's Maintor moves forward

German listed DIC Asset is likely to start investing again as early as second half 2010, while the buy-out of Morgan...

Sonntag 04. Oktober 2009
Loan servicers forced by crisis to take a more active role in securitised loans

Because the crisis has altered the finance-institutional landscape and often eliminated firms originally involved in...

Sonntag 04. Oktober 2009
Swiss Züblin focuses on sustainable office property, cutting back non-core assets

Swiss listed group Züblin Immobilien, which owns a majority stake in a French SIIC/REIT and an unlisted German...

Sonntag 04. Oktober 2009
Dutch-based Multi on course to become investing developer of European malls

Netherlands-based Multi Corporation is well on course to transform from a merchant to an investing developer of...

Sonntag 04. Oktober 2009
Unibail-Rodamco has no interest in Coeur Défense; seeks assets to add value

Unibail-Rodamco, the French-Dutch retail mall, office and conference centre REIT, has no interest in re-acquiring Coeur...

Sonntag 04. Oktober 2009
Finland's Citycon says malls weathered crisis well so far

Helsinki-based listed retail mall developer Citycon has so far weathered the financial crisis fairly well, with food...

Sonntag 04. Oktober 2009
Spain's Colonial convinces banks to extend, but developer Nozar fails

Spain's struggling property group Colonial has convinced banks to re-refinance debt for e7bn, covering almost 78% of...

Sonntag 04. Oktober 2009
German homes group Deutsche Wohnen details e250m capital increase

German listed residential property investor Deutsche Wohnen has resolved on a subscription price of e4.50 per share for...