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23 August 2010
Montag 30. November 2009
PIE/PFE subscriber free entry to Green Property Breakfast-Year End Special Offer
PIE/PFE Christmas/Year-end Special Reader Offer: A panel of top decisionmakers will answer the question: "Will...
Montag 30. November 2009
CEE hotels developer Warimpex sees asset value revival
Listed Austrian CEE hotels developer and investor Warimpex returned to the black in the third quarter, mainly due to a...
Montag 30. November 2009
Germany's IVG weighs larger capital increase - CFO
Germany's largest listed property company by assets, the Bonn-based IVG, is considering a larger capital increase to...
Montag 30. November 2009
US Cornerstone, UK Protego to manage $30bn AUM
Massachusetts Mutual Life Insurance is entering European direct property by acquiring London-based Protego Real Estate...
Montag 30. November 2009
French REIT Icade in e2bn block housing sale
Pursuing its policy of exiting from housing activities, French REIT/SIIC Icade, majority controlled by state bank...
Montag 30. November 2009
Germany's Aareal does e2.4bn new business in first 9mths
Germany's Aareal Bank did new property lending of e2.4bn in the first nine 2009 months, concentrating on its existing...
Montag 30. November 2009
Retail occupier market unlikely to recover yet - King Sturge
Amid early signs of activity in European retail investment markets, occupiers face at least two more years of hardship...
Montag 30. November 2009
Tepid European office market to continue -Moody's
The European office occupational markets that support commercial mortgage-backed securities stabilised at a low level...
Montag 30. November 2009
Swiss Züblin 1H09 earnings down on asset sales
Swiss listed property group Züblin Immobilien Holding announced rental income for the six months ending 30 September of...
Montag 30. November 2009
Spain sees rapid readjustment in retail development pipeline
Spanish retail property developers have reacted quickly to the global downturn, cutting project volume in 2009 from the...
Donnerstag 26. November 2009
German property investment likely lowest since 1990s - CBRE
German commercial property investment is likely at less than e10bn this year, and in Frankfurt no more than e750m,...
Mittwoch 25. November 2009
UK's Hansteen takes Kenmore fund stake, may make full offer at £57m
UK-listed Hansteen Holdings is to apply to issue 4.1m new shares at 10p each as part of a consideration for an...
Mittwoch 25. November 2009
Atrium European cuts 9mth net loss, doubles EBITDA
Listed CEE retail mall developer and investor Atrium European Real Estate cut its net loss for the first nine months to...
Dienstag 24. November 2009
Distressed property sales rise in 80% of nations - RICS
Distressed commercial property sales have risen in over 80% of countries around the world, says a new survey from the...
Dienstag 24. November 2009
US Cornerstone acquires UK's Protego to manage $30bn, channel capital across Atlantic
Massachusetts Mutual Life Insurance Company is entering European property by acquiring Protego Real Estate Investors,...
Dienstag 24. November 2009
Former Bertelsmann CEO Wössner joins Swiss Corestate
Swiss private equity group Corestate Capital has appointed former Bertelsmann CEO and Deutsche Bank executive Mark...
Montag 23. November 2009
Don't miss PFE/PIE's German Property Breakfast in London this Friday
Registrations close tomorrow for Friday's Property Breakfast, in which our expert panel discusses the question: "Is...
Montag 23. November 2009
German funds unsettled by renewed Degi, Axa closures
In a move renewing concerns about the structure of German open-end property funds, Aberdeen Property Investors'...
Montag 23. November 2009
Troubled French REIT Gecina appoints new CEO
Troubled French REIT Gecina has appointed a new CEO, Christophe Clamageran, to take over operations under Joaquin...
Montag 23. November 2009
Opportunities seen in European distressed debt
The banking crisis has opened up interesting opportunities for investors to buy distressed property debt, says Paul...
Montag 23. November 2009
French retail real estate development revives
The French retail real estate market has seen a marked increase of 25% in development projects below 1,000 sq.m.,...
Montag 23. November 2009
Eurocommercial rights issue finances new malls
Following its decision to start a shopping centre at Växjö in Sweden at a cost of e40m, listed Dutch retail mall...
Montag 23. November 2009
Israeli BIG pushes into Serbian mall development
Israeli backed joint venture Big CEE is starting construction of its first shopping mall in Novi Sad, Serbia, and...
Montag 23. November 2009
WestImmo places 2nd mortgage Pfandbrief
German property financíng bank WestImmo, part of the WestLB group, has successfully placed its second E500m benchmark...
Montag 23. November 2009
Spain's Neinver also outlet leader in Poland, Germany
Spain's Neinver, which now manages 11 outlet retail centres in Europe with a total 223,000 sq.m. of gross leasable...
Montag 23. November 2009
Struggling Orco widens net loss; in operating profit
Struggling listed eastern Europe property developer Orco Property Group has reported that nine-month losses widened to...
Donnerstag 19. November 2009
French commercial RE index slightly higher in October
The EDHEC IEIF Commercial Property France price index ticked slightly higher in October, up just 0.80% on the month,...
Donnerstag 19. November 2009
PSP Swiss Property heads for record year after higher 9mths,
Zurich-based listed real estate group PSP Swiss Property boosted net income excluding portfolio value changes by 9.7%...
Donnerstag 19. November 2009
Troubled French REIT Gecina has appointed a new CEO
Troubled French REIT Gecina has appointed a new CEO, Christophe Clamageran, to take over operations under Joaquin...
Dienstag 17. November 2009
WestImmo places 2nd E500m mortgage Pfandbrief
German property financíng bank WestImmo, part of the WestLB group, has successfully placed its second E500m benchmark...
Dienstag 17. November 2009
EU house prices rise fractional 0.3% last year
European Union-wide house prices rose by a fractional 0.3% last year on aggregate, well down from 7.0% growth in 2007,...
Dienstag 17. November 2009
Aberdeen forced to close two German property funds again
Aberdeen Property Investors' German property fund manager Aberdeen Immobilien KAG has, again suspended redemption and...
Montag 16. November 2009
French Foncière des Régions sees near-4% rise in rental income
French REIT/SIIC Foncière des Régions reported strong rental income for the first nine 2009 months, a rise of 3.8%...
Montag 16. November 2009
Swiss Prime Site to delist Jelmoli after offer hits 98% acceptance
Listed Zurich-based property group Swiss Prime Site, after settlement of its takeover offer has won more than 98% of...
Montag 16. November 2009
Bonn's IVG narrows loss; operations, liquidity stabilising
Bonn-based listed property group IVG, Germany's largest, posted a much narrower consolidated net loss of E2.2m in third...
Montag 16. November 2009
RREEF European Core Recovery Fund targets E250m equity
Deutsche Bank's alternative assets group RREEF is launching a German Special Fund to target office and retail...
Montag 16. November 2009
Germany's alstria FFO lower, but tracks 2009 guidance
Hamburg-based alstria office REIT posted stable funds from operations in third quarter at E8m, bringing FFO to E24.2m...
Montag 16. November 2009
New investment manager Aurea RE created in Madrid
Maxime Barkatz, former CEO of French SIIC Affine's Concerto development unit, in has started an investment management...
Montag 16. November 2009
Frankfurt's DIC Asset boosts profits, raises 2009 guidance
Frankfurt's DIC Asset posted its third significant increase in quarterly profits in a row in 3Q09, raising its full...
Freitag 13. November 2009
France, Germany said little impacted by UK Kenmore administration
French and German managers of units of the Kenmore Property Group said assets in their countries have been little...
Freitag 13. November 2009
Avingstone targets e500m at European luxury hotels
The Avingstone Fund, a new London-based vehicle, is to focus on the luxury end of the pan-European hotel market and has...
Freitag 13. November 2009
Germany's alstria FFO lower, but on 2009 guidance
Hamburg-based alstria office, an internally managed Real Estate Investment Trust focused on German office real estate,...
Freitag 13. November 2009
IVG narrows loss; operations, liquidity stabilising
Bonn-based listed property group IVG, Germany's largest, posted a much narrower consolidated net loss of e2.2m in third...
Donnerstag 12. November 2009
Sparkassen Immo e110m Gemini sale is Prague's largest
Austria's exchange-listed Sparkassen Immobilien has sold Gemini, a commercial and office building in Prague's Fourth...
Donnerstag 12. November 2009
Frankfurt's DIC Asset boosts profits, raises 2009 guidance
Frankfurt-based listed commercial property group DIC Asset posted its third significant increase in quarterly profits...
Donnerstag 12. November 2009
New investment manager Aurea RE created in Madrid
Maxime Barkatz, former CEO of French REIT/SIIC Affine's Concerto development unit, has started an investment management...
Donnerstag 12. November 2009
Spanish REITs law enacted to support property market
Publication in Spain's Official Gazette of a new Act to legalise Real Estate Investment Trusts brings the nation into...
Mittwoch 11. November 2009
German coalition agreement leaves room for residential REITs, but not high priority - sources
The new German government coalition contract, binding over its four-year mandate, contains vague references to Real...
Montag 09. November 2009
German office shows first rise in two years - JLL's VICTOR
Average values in prime office real estate in Germany's Big Five cities rose in the third quarter by 0.3%, improving...
Montag 09. November 2009
Norwegian Property posts positive 3Q09, reversing loss
Oslo-based listed hotels and commercial real estate investor Norwegian Property posted profit before tax of NOK251m...
Montag 09. November 2009
European real estate investment jump shows confidence returning
Signs of recovery are appearing in the European property market, with investment volumes jumping 53% in 3Q09, yields...
Montag 09. November 2009
Prudential's Invesco in E155m Hamburg buy for hotel fund
Invesco Real Estate, the property arm of the US Prudential insurance group, has acquired Radisson Blu Hotel in Hamburg,...
Montag 09. November 2009
German property sentiment surging - King Sturge
German real estate investment market sentiment surged in October, according to realtor King Sturge. Though its Real...
Montag 09. November 2009
Luxembourg office to offer 2010 opportunities - Savills
Luxembourg's office market will offer buying opportunities in 2010 as funds reassess their position, according to...
Montag 09. November 2009
Portugal's Sonae Sierra still suffering depreciations
Portuguese shopping centre Sonae Sierra recorded a consolidated loss of E 94m over the first nine months, reversing a...
Montag 09. November 2009
EBRD to fund Austrian developers' E136m Croatian mall
The European Bank for Reconstruction and Development is considering a E68m long-term debt facility for development of a...
Montag 09. November 2009
Albania in new laws to boost foreign property investment
Albania is introducing new legislation to enable the government to eliminate property problems encountered by foreign...
Montag 09. November 2009
Egyptian Orascom in e1bn-plus Montenegro project
Egyptian-Swiss listed Orascom Development has acquired a 90% stake in Lustica Development from the Montenegro...
Montag 09. November 2009
German office values in 3Q09 show first rise in two years - Jones Lang LaSalle's VICTOR index
Average values in prime office real estate in the Big Five cities in Germany rose in the third quarter of the year by...
Freitag 06. November 2009
Warsaw-listed Globe Trade Centre opens e140m Polish mall; wins EBRD Croatia financing
Warsaw-listed emerging Europe developer Globe Trade Centre has officially opened its e140m regional mall Galeria...
Freitag 06. November 2009
Located at trans-European crossroads, Poland's Katowice region attracts investment
Katowice, located at the crossroads of trans-European routes linking Poland with Czech Republic, Slovakia, Germany and...
Mittwoch 04. November 2009
German residential portfolio deals reach e1.9bn year to date, says Savills
The improvement in the market for residential portfolios, which became apparent in spring, has continued into 3Q09 when...
Mittwoch 04. November 2009
German open property funds monitoring sustainability, but implementation low - Aberdeen
The factor of energy efficiency and sustainability has received much attention in the E90bn German real estate funds...
Mittwoch 04. November 2009
Austria's CA Immo to re-sell bought-back 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 02. November 2009
"Vienna waits for you". Austrian real estate stocks lead improving sentiment in Europe
"Vienna waits for you" - as Billy Joel sings - has become a high note in European real estate in the listed sector...
Montag 02. November 2009
Chicago's Heitman closes E1.3bn fund aimed mainly at central/eastern Europe property
Chicago-based real estate investment manager Heitman finally closed Heitman European Property Partners IV, its fourth...
Montag 02. November 2009
Germany's Fair Value REIT eyes repeat of fund certificate swap, direct acquisitions
Munich-based Fair Value, one of only two German REITs, intends to boost its asset base by adding direct holdings or...
Montag 02. November 2009
Düsseldorf's WGF aims innovative bond funding at institutions with new E100m issue
The Düsseldorf-based private property group WGF is extending its innovative funding model after the October launch of...
Montag 02. November 2009
Europe RE shows encouraging signs in third quarter - BNP Paribas Real Estate
Although still struggling, the real estate market in Europe showed some encouraging signs in third quarter as the pace...
Montag 02. November 2009
Austria's conwert set for good year due strong apartment sales, DWS cooperation, says Kowar
Austrian listed residential investor conwert Immobilien is on course for a strong result in 2009, mainly due to high...
Montag 02. November 2009
Reyal Urbis proposes widening 2013 debt moratorium to E4.8bn
Spain's listed Reyal Urbis has proposed to around 50 creditor banks a moratorium on its entire E4.8bn debt until 2013,...
Montag 02. November 2009
Spain's Colonial to rejig finances again; banks see 90% ownership
Spain's struggling listed group Colonial has been forced to return to the negotiating table with its bank syndicate...
Montag 02. November 2009
French REIT Icade sells Paris office building for e90m
Pursuing its strategy to focus on commercial property, French REIT/SIIC Icade has sold a Haussmann building at 114...
Montag 02. November 2009
Carlyle Group enters Benelux student housing joint venture for e2.2bn CEREP III
Global private equity group Carlyle is expanding real estate operations into Belgium, The Netherlands and Luxembourg...