Free Trial
Sign up now for a free 60-day trial of Property Investor Europe.
Next Issue Monday
23 August 2010
Mittwoch 31. März 2010
Germany's Aareal to resume new lending, not only extensions
Germany's Aareal bank will boost new business, including credit extensions, to as much as E5bn this year from E3.8bn in...
Montag 29. März 2010
REGISTER NOW for PIE French Property Breakfast on 28 April in London
PIE is pleased to announce the next in its highly acclaimed Property Breakfast series. PIE's French Property Breakfast...
Montag 29. März 2010
Batipart, Delfin end shareholder pact in France's FdR
The two leading shareholders in French REIT Foncière des Régions have ended their shareholder pact by mutual agreement....
Montag 29. März 2010
ING launches European E1.5bn shopping centre fund
No less than E1.5bn in dominant shopping centres across continental Europe is the target total investment for the ING...
Montag 29. März 2010
CA, SocGen property JV Amundi aims at aggressive growth
Amundi Real Estate, formed by the January merger of property asset management of French banks Crédit Agricole and...
Montag 29. März 2010
Swedish investment deal volume seen higher in 2010
Transaction volume for Swedish property investment should continue on an upward trend throughout 2010 with increased...
Montag 29. März 2010
Orco shareholders call for replacement of CEO Ott
A group of disgruntled shareholders in troubled CEE listed developer Orco Property Group has called for the replacement...
Montag 29. März 2010
French court backs upward-only lease indexation
A French court has backed lease indexation clauses that only allow for the application of rent increases, and not rent...
Montag 29. März 2010
Orco shareholders call for replacement of CEO Ott
A group of disgruntled shareholders in troubled CEE listed developer Orco Property Group has called for the replacement...
Montag 29. März 2010
CA, SocGen property JV Amundi aims at aggressive growth
Amundi Real Estate, formed by the January merger of property asset management arms of French banks Crédit Agricole and...
Montag 29. März 2010
Berlin Senate said to agree IPO of GSW majority stake
The Berlin Senate has reached agreement with GSW, part owned by Goldman Sachs' Whitehall Funds and private equity group...
Samstag 27. März 2010
CA, SocGen property JV Amundi aims at aggressive growth
Amundi Real Estate, formed by the January merger of property asset management arms of French banks Crédit Agricole and...
Freitag 26. März 2010
Koreans said interested in Morgan Stanley Berlin asset
Due to the retreat by Morgan Stanley from German real estate, the Korean state pension fund is bidding to buy from it...
Freitag 26. März 2010
IVG to boost funds after departure of board member
Germany's IVG is to launch a number of new real estate funds in the next few months, many theme-oriented such as the...
Freitag 26. März 2010
Deutsche Wohnen housing firm almost turns round net loss
Berlin-based listed housing firm Deutsche Wohnen sharply cut group net loss for 2009 to E13m from a loss of E256m in...
Donnerstag 25. März 2010
NL's Corio in E1.3bn acquisition of Multi assets, developments
As long expected, Dutch shopping centre REIT Corio has acquired from NL's Multi Corporation a portfolio of four...
Donnerstag 25. März 2010
Patrizia cuts net loss, generates positive operating profit
Augsburg-based residential developer and manager Patrizia Immobilien posted a much narrow group net loss of E9.5m for...
Donnerstag 25. März 2010
Commerz merges RE funds to improve liquidity management
Commerz Real, the fund manager of Germany's Commerzbank, is to merge its two open-ended real estate funds, hausInvest...
Donnerstag 25. März 2010
Vienna's conwert FFO rises 39% after strongest year
Vienna-based listed residential property group conwert Immobilien recorded strong operating profit for 2009, with a 43%...
Dienstag 23. März 2010
EMEA real estate `normality' being redefined - JLL
Themes in European real estate this year will change the definition of normal, encompassing the impact of debt...
Dienstag 23. März 2010
Russia's Ramo stops $750m Krasnodar housing complex
Local Russian developer Ramo has halted a $750m project to build the residential complex Alexandrovsky Sad in Krasnodar...
Dienstag 23. März 2010
Albania's Balfin launches first mall in Skopje, Macedonia
Albania-based Balkan Finance Investment group plans to invest E68m in construction of its first regional shopping mall...
Dienstag 23. März 2010
Bahrain's Arcapita in E100m Slovakian, Romanian moves
Bahrain-based Arcapita's distribution facilities unit PointPark Properties, based in Prague, is launching a E100m...
Dienstag 23. März 2010
Madrid office attractions growing for foreign investors
Madrid's office investment market is set for further foreign investor activity in 2010 as the trend for sale and...
Dienstag 23. März 2010
BNP Paribas REIM launches E500m French retail fund
BNP Paribas Real Estate Investment Management has launched a new French OPCI real estate fund with the aim of investing...
Dienstag 23. März 2010
French Eurosic net loss widens on write-downs
French REIT/SIIC Eurosic, controlled by the BPCE banking group, reported a 14% rise in 2009 cash-flow but expects this...
Dienstag 23. März 2010
French REIT Altarea narrows net loss, confident for 2010
French shopping centre REIT/SIIC Altarea Cogedim saw a marked increase in recurring net profit in 2009 and a narrowed...
Dienstag 23. März 2010
Hansteen pays E330m for German GPT assets
UK REIT Hansteen Holdings has entered into conditional agreement to pay E330m to acquire an 861,010 sq.m. German light...
Montag 22. März 2010
France's Weinberg Capital raises new E250m fund
Paris-based private equity group Weinberg Capital Partners said its Weinberg Real Estate Partners 1 investment fund has...
Montag 22. März 2010
BNP Paribas launches E500m French retail RE fund
BNP Paribas Real Estate Investment Management has launched a new French OPCI fund with the aim of investing E500m in...
Montag 22. März 2010
French RE investment seen recovering to E11bn in 2010
French property investment should recover slightly to around E11.1bn in 2010 from the low point of E7.6bn last year,...
Montag 22. März 2010
French shopping mall REIT Altarea narrows group net loss, confident for 2010
French shopping centre REIT/SIIC Altarea Cogedim saw a marked increase in recurring net profit in 2009 and a narrowed...
Samstag 20. März 2010
Allianz said on brink of E670m Rome, Paris acquisitions
Germany's insurance giant Allianz is reported to be cooperating with Dutch listed shopping centre group Corio to...
Freitag 19. März 2010
Private Mann group buys Oppenheim's 18% in IVG
The privately-held Karsruhe property investor Mann has bought out the 18.4% package of shares in listed real estate...
Freitag 19. März 2010
China's CIC, Abu Dhabi among MIPIM first-timers
China Investment Corporation and Abu Dhabi sovereign wealth fund Mubadala Development were among first-time visitors to...
Freitag 19. März 2010
European local bodies assess public real estate management
Cities and municipalities across Europe are growing increasingly aware of the potential value of their publicly-owned...
Freitag 19. März 2010
Architect Nouvel scraps plans for key La Défense tower
French architect Jean Nouvel has stopped plans to build the Signal Tower in La Défense after failing to attract...
Dienstag 16. März 2010
Germany's Colonia sees return to profit for 2009
German listed group Colonia Real Estate expects 2009 consolidated net income well back into profit at E9.0m, turning...
Dienstag 16. März 2010
Invesco spends E80m in Germany, Spain for fund
Cross-border property investment manager Invesco Real Estate has secured two assets for a pan-European fund in Munich...
Dienstag 16. März 2010
European housing seen showing signs of recovery
Signs of recovery are visible in some European housing markets, especially in sales levels and prices, according to the...
Dienstag 16. März 2010
European hotel values seen down 25% over 2 years
Hotel values have fallen across Europe by an average 13% in euro terms, the second year in succession the index has...
Dienstag 16. März 2010
Nordic market now right for re-investment
The Nordic real estate market is beginning a recovery from the global recession and investors should consider moving...
Dienstag 16. März 2010
French REIT Tour Eiffel posts 2009 loss but rents higher
French REIT/SIIC Société de la Tour Eiffel posted a 2009 net loss of E60m as a result of portfolio adjustments that...
Dienstag 16. März 2010
BNPP sees worst of crisis over, 2010 like 2009
BNP Paribas Real Estate saw pretax income fall 45% to E76.4m in 2009 with revenues down 17% to E554m. It declined to...
Dienstag 16. März 2010
GTC, Polnord in E250m Warsaw shopping centre
Warsaw-listed Globe Trade Centre and Polnord are setting up a joint venture to develop a E250m-plus, 60,000 sq.m....
Dienstag 16. März 2010
TriGranit to open E244m shopping centre in Zagreb
Hungarian CEE developer TriGranit plans to open its Arena Centar flagship Croatian shopping-entertainment centre in...
Dienstag 16. März 2010
Hilton to build $100m hotel-business complex in Omsk
International operator Hilton Hotels intends to invest $100m in building a hotel and business complex in the Russian...
Freitag 12. März 2010
Frankfurt's DIC Asset announces E47m rights issue
Frankfurt-based DIC Asset is to make a 1 for 4 rights issue for E6 per share, to boost equity capital by 7.8m shares or...
Freitag 12. März 2010
Frankfurt's SEB fund invests E93m in Warsaw office
Frankfurt-based SEB Asset Management, the real estate and securities investment manager of Sweden's SEB group, has...
Freitag 12. März 2010
Germany's Colonia sees return to profit for 2009
German listed group Colonia Real Estate expects 2009 consolidated net income back in profit at E9.0m, turning round a...
Donnerstag 11. März 2010
German REIT alstria: 2009 FFO down 17% but balance sheet stronger
German REIT alstria office reported a 17% fall in funds from operations for 2009 to just under E33m but said it...
Donnerstag 11. März 2010
French REIT Affine cuts net loss, current profit near doubled
French REIT/SIIC Affine cut its net loss in 2009 to E2.7m from over E37m in 2008, hit by a further 5% write down of its...
Donnerstag 11. März 2010
Savills to buy out Cordea Savills fund manager partners
International realtor Savills is to buy out its partners in the funds manager Cordea Savills, paying £15.4m for the 40%...
Donnerstag 11. März 2010
Germany's DIC Asset to expand into property funds
German listed office investor DIC Asset has commenced preparations for expanding its business model into management of...
Donnerstag 11. März 2010
Frankfurt's DIC Asset posts 11% rise in 2009 FFO
German listed office investor DIC Asset has reported an 11% rise in funds from operations for 2009 to E47.6m, exceeding...
Mittwoch 10. März 2010
Fortress' German housing firm Gagfah sees 2009 fall in FFO after strong sales
Gagfah, the German housing company controlled by US-based private equity group Fortress Investments, reported funds...
Mittwoch 10. März 2010
Germany's IVG reverses 2009 operating loss to E64m 2010 profit
Bonn-based IVG, Germany's largest listed property group, posted a net loss of E158m for 2009, sharply narrower than the...
Dienstag 09. März 2010
Market-based `Brady' approach needed to meet CMBS challenges, says ING's Rang
Given the overhang of real estate debt, in particular CMBS, a Brady Plan equivalent could be an interesting solution,...
Dienstag 09. März 2010
German property funds look to legal reform to combat disarray
The E87bn German open-end property fund community is badly in disarray, highlighted by recent accusations of a...
Dienstag 09. März 2010
Dramatic change in RE private equity in Year of the Golden Tiger
Powerful, volatile and fast, 2010's Year of the Golden Tiger could bring dramatic and rapid change, according to feng...
Dienstag 09. März 2010
French REITs seen tapping equity markets soon, hope to defuse Solvency II
Three or four larger-cap French REITs are likely to come to market with rights issues in early 2010, says the president...
Dienstag 09. März 2010
Enthusiasm for listed real estate to hold stable despite crisis sell-off-EPRA
The massive sell-off in listed European real estate amid the global financial crisis has not dimmed investor enthusiasm...
Dienstag 09. März 2010
Third German REIT Hamborner aims at active portfolio expansion this year
Duisburg's Hamborner, which late last month became Germany's third Real Estate Investment Trust, aims to expand its...
Dienstag 09. März 2010
Munich's Elystan targets E250m at German banks' distressed assets
German banks are likely to start selling non-performing property assets this year that they have not been willing or...
Dienstag 09. März 2010
French OPCIs to expand, may cut 65% cap if German problem is avoided - ASPIM
French OPCI open-end property funds should grow soon to E8bn, and may boost attractiveness to private savers by cutting...
Dienstag 09. März 2010
AXA REIM sees fund inflows exceeding 2009; to expand debt fund
The property manager of French insurer AXA is expecting capital inflows this year to exceed 2009, with growth in assets...
Dienstag 09. März 2010
New Europrogetti & Finanza supports Italy's opening to PPP
Italy is becoming more open to private capital in public projects and the Milan-based QiREF has acquired, alongside...
Mittwoch 03. März 2010
Rivero, Metrovacesa to stay in Gecina equity
Spanish businessmen Joaquin Rivero and his ally Juan Bautista Soler intend to hold onto stakes in French REIT/SIIC...
Mittwoch 03. März 2010
Finnish 2009 all-property total returns fall to 3.8%
Total return on the Finnish direct property investment market in 2009 was 3.8%, says research firm KTI. Of the two...
Mittwoch 03. März 2010
Aviva, Predica sign for La Défense tower
UK insurer Aviva and Crédit Agricole insurance unit Predica have signed an agreement to construct the 166-metre, 47,000...
Mittwoch 03. März 2010
RREEF stocks up OEF with E123m Frankfurt buy
Deutsche Bank's alternatives group RREEF has acquired Frankfurt's Park Tower office building for around E123m for the...
Montag 01. März 2010
Barcelona office lettings growing after 4Q09 doubles
Barcelona's office market will see further growth in lettings in 2010 following take-up in 4Q09 at double the previous...
Montag 01. März 2010
King Sturge Germany sees RE index correlaton with market
King Sturge Germany says its Real Estate Economic Situation index - based on hard macroeconomic facts - and its...
Montag 01. März 2010
Schroders positive on real estate debt funds
Windows of opportunity exist for real estate equity investors to also include debt funds in their portfolios, says...
Montag 01. März 2010
France's UFG REM looks to invest E700m in 2010
UFG Real Estate Managers, the largest French property fund manager, said it is confident that domestic real estate will...
Montag 01. März 2010
Invesco makes E237m Accor hotels, Stockholm investments
Global investment manager Invesco Real Estate has made nearly E237m of acquisitions, buying five hotels from French...
Montag 01. März 2010
French Nexity posts E50m net loss due to writedowns
Listed French firm Nexity, the nation's largest commercial and resident property developer, posted a E50m net loss for...