Property Finance News

Montag 10. Mai 2010
AIM-listed Carpathian refinances E109m Riga mall

London's AIM-listed commercial property investor Carpathian has agreed a refinancing structure, allowing completion of...

Montag 10. Mai 2010
AIG/Lincoln tops mall in E132m Polish project

AIG/Lincoln Polska has topped out its Galeria Sloneczna shopping mall, in Radom, Poland,

part of its E132m mixed...

Montag 10. Mai 2010
AIM's Carpathian refinances E109m Riga mall

London's AIM-listed CEE commercial property investor Carpathian has agreed a refinancing allowing completion of its...

Montag 10. Mai 2010
AIG/Lincoln tops out mall in E132m Polish project

AIG/Lincoln Polska has topped out its Galeria S³oneczna shopping mall in Radom Poland,

part of a E132m mixed project....

Montag 10. Mai 2010
DIC Asset sees operations turnround, begins funds

Frankfurt-based DIC Asset reported a slight rise in profit in the first quarter, driven by stable rental income, higher...

Montag 10. Mai 2010
Grosvenor wins approval for French OPCI fund

UK investment management group Grosvenor has won approval to launch its first French institutional OPCI property fund...

Montag 10. Mai 2010
Paris green building growth to revitalise property sector

The Paris region's supply of environmentally sustainable real estate is expanding rapidly in a way that could help...

Montag 10. Mai 2010
French REIT Altarea agrees e450m Cap 3000 mall purchase

French shopping centre REIT/SIIC Altarea Cogedim and its main shareholders Predica and ABP have agreed to buy Galeries...

Montag 10. Mai 2010
Hamburg's TAG in share-only buy of Franconofurt units

Hamburg-based listed property group TAG Immobilien has acquired, using its own shares, 97% of the equity of...

Freitag 07. Mai 2010
German fund paper not meant for publication - Ministry

The German government concept paper for reforms in the Investor Law, also affecting real estate funds, was meant for...

Freitag 07. Mai 2010
German BVI says sure no valuation discount imposed on property funds

The German investment fund association BVI has called for calm among investors in open-end property funds after German...

Freitag 07. Mai 2010
Two more German open end property funds close on Berlin proposals

The German federal government's proposed changes to the Investment Law which, among other things, proposes an...

Donnerstag 06. Mai 2010
Frankfurt's Opera Tower should sell for E500m-E600m - industry sources

US group Tishman Speyer has placed the Opera Tower in Frankfurt up for sale again, according to industry sources. The...

Mittwoch 05. Mai 2010
German property funds schedules emergency meeting on Berlin proposals

The German investment fund association BVI has called an emergency meeting tomorrow to discuss proposals from the...

Mittwoch 05. Mai 2010
Berlin housing firm GSW postpones IPO

Berlin-based housing company GSW has cancelled its planned flotation, saying it was postponed due to volatility and...

Montag 03. Mai 2010
Spain's Colonial eyes normal business after E4.9bn recapitalisation

The E4.9bn financial restructuring of Spain's struggling property group Inmobiliaria Colonial, including up to E3bn new...

Montag 03. Mai 2010
PIE German Property Breakfast - 21 May in London - Registrations now open

Registration is now open for Property Investor Europe's next expert seminar: German Property Breakfast taking place in...

Montag 03. Mai 2010
Property impact from Euro debt crisis seen low

Given the political and economic fallout of the Greek debt crisis and turmoil in government bond markets in Europe,...

Montag 03. Mai 2010
Back to basics, says Tristan Capital's Lewis, eyeing higher returns

Ric Lewis left AEW Europe a year ago to set up Tristan Capital Partners with a firm reputation as a...

Montag 03. Mai 2010
Milan's First Atlantic RE launches opportunistic fund post crisis

Milan-based investment manager First Atlantic Real Estate is expanding post crisis and launching a new opportunistic...

Montag 03. Mai 2010
Shake-out in Croatian tourism real estate as operators adapt post-crisis

A shake-out is taking place in Croatian real estate, particularly in tourism; over-leveraged hotels and resorts cannot...

Montag 03. Mai 2010
Moving beyond standard deviation to assess real estate risks

The roller coaster ride of the credit crisis and the economic recession has placed the inadequacy of current tools for...

Montag 03. Mai 2010
Dutch BXR targets portfolio build of 50,000 German apartments

The private Dutch-based BXR group is out to build a 50,000 portfolio of German apartments after executing a complex...

Montag 03. Mai 2010
La Défense on track, despite Signal halt, says EPAD's Chaix

Despite the cancellation of the emblematic Signal Tower in the La Défense business district in the west of Paris, plans...

Montag 03. Mai 2010
Sale-leaseback set to grow in Europe as financing strategy

Once perceived as a last resort for companies seeking finance, the benefits and flexibility that sale-leaseback offers...

Montag 03. Mai 2010
Hamburg's Real Estate North spotlights international investment opportunities

Hamburg's new Real Estate North trade fair opens its doors in June to turn the spotlight onto transport, trade and...

Freitag 30. April 2010
Allianz closes expected Rome buy at E440m

Allianz Real Estate has closed the widely-speculated acquisition of the Porta di Roma shopping mall in Rome, Italy,...

Donnerstag 29. April 2010
Luxembourg's Holfidis nears retail fund close

Specialist retail real estate fund manager Holfidis is near to the first close for the three sub-funds of its New...

Dienstag 27. April 2010
Berlin GSW may raise up to E524m in IPO

Subscription opened on 26 April for shares in Germany's biggest real estate IPO in several years, Berlin's GSW housing...

Dienstag 27. April 2010
France's Klépierre on disposal track, rents up 4.6%

French shopping centre REIT/SIIC Klépierre has made E48m of disposals so far this year as part of its overall asset...

Dienstag 27. April 2010
Rating agency Pfandbrief reviews criticised

Even if rating agencies' new focus on liquidity to assessing financial debt instruments is welcome, evaluation of...

Dienstag 27. April 2010
Europe's East/West divide losing RE relevance

The real estate investment profile of Europe is changing and the traditional East/West classification has become less...

Dienstag 27. April 2010
First phase of E2.4bn Budapest ToPARK topped

Hungary's Walker and Williams Investment Group has topped out the E138m Parizsi Street first phase of its ToPARK...

Montag 26. April 2010
Berlin GSW IPO starts; one of Germany's biggest in real estate

Subscription open today for shares in Germany's biggest real estate IPO in several years, the Berlin-based GSW housing...

Freitag 23. April 2010
Gazit's Katzman to join Finnish Citycon board

Chaim Katzman, chairman of the Israel-based Gazit Globe, is to join the board of listed Finnish shopping mall group...

Freitag 23. April 2010
French REIT Silic sees 1Q10 growth, sets dividend

French business parks REIT/SIIC Silic, 43% owned by the Groupama insurance group, reported a 3% rise in rental income...

Donnerstag 22. April 2010
New '09 property fund capital falls 60% - INREV

Capital raised for European property funds fell by 60% in 2009 to under E6bn, says the association INREV. But this...

Donnerstag 22. April 2010
Union buys Warsaw Plaza for E102m from IVG

Hamburg-based fund manager Union Investment Real Estate has acquired the Horizon Plaza office complex in Warsaw for its...

Donnerstag 22. April 2010
CEE developer Warimpex launches E40m rights issue

Listed CEE hotel developer Warimpex, based in Vienna, is launching a capital increase to issue 14.4m new shares, 36.4%...

Donnerstag 22. April 2010
Europe's East/West divide losing RE relevance

The real estate investment profile of Europe is changing and the traditional East/West classification has become less...

Mittwoch 21. April 2010
Immofinanz-Immoeast merger effective 29 April

Next Monday, 29 April, is the date confirmed by the Commercial Court Vienna as the official registration for merging...

Mittwoch 21. April 2010
Sweden's Klövern sees spring in 1Q10 profit

With the maxim `after the winter comes the spring', listed property group Klövern, based in Sweden's Nyköping, reported...

Mittwoch 21. April 2010
Castellum sees Swedish real estate improving

Swedish listed property group Castellum posted a drop in rental income in first quarter 2010 to SEK674m from SEK669m in...

Mittwoch 21. April 2010
AIM's Alpha Tiger invests E83m in Spain mall

The AIM-listed Alpha Tiger Property Trust has invested E83m to acquire the 49,516 sq.m. shopping centre H2Ocio in...

Montag 19. April 2010
Montenegro to seek E1bn resort investment

The Montenegro Planning and Environment Ministry expects to adopt a plan soon to raise up to E1bn of investment for...

Montag 19. April 2010
Blackstone among Kaufhof bidders for up to E3bn

The huge US private equity group Blackstone is among bidders for the German Kaufhof department store chain being...

Montag 19. April 2010
Aareal, Lone Star said among bidders for Germany's WestImmo real estate bank

The Wiesbaden-based Aareal Bank and US-based private equity fund Lone Star are among bidders for WestImmo, the real...

Montag 19. April 2010
New Hussey-Jones firm Almacantar raises E150m

Former Land Securities executive Mike Hussey and ex-Grosvenor European head Neil Jones have raised E150m in equity and...

Samstag 17. April 2010
France's IEIF launches residential price index

France's IEIF real estate research institute is launching a weekly residential property price index with US analytics...

Samstag 17. April 2010
German office lettings stabilise in 1Q10 - Savills

German office rentals in first quarter stabilised at 564,000 sq.m., roughly the equivalent of 1Q09, with Düsseldorf...

Freitag 16. April 2010
Germany' Colonia reorganises to integrate subsidiaries

Cologne-based listed property group Colonia Real Estate is to integrate all subsidiaries, including its CRE Resolution...

Freitag 16. April 2010
Frankfurt Airport passenger, cargo volumes recover sharply

Passenger and freight levels through Frankfurt Airport recovered quite strongly in the first quarter following the...

Donnerstag 15. April 2010
Grand Paris tax would deter investors, RE groups say

A proposed capital gains tax on property whose status changes due to the Grand Paris project would deter international...

Donnerstag 15. April 2010
Spain's Colonial places Brugera in to run French SIIC SFL

Juan José Brugera, chairman of struggling Spanish listed property group Colonial, has been named chairman of its French...

Mittwoch 14. April 2010
Property impact from Euro government debt crisis seen low

Given the political and economic fallout of the Greek debt crisis and turmoil in government bond markets in Europe,...

Mittwoch 14. April 2010
European property debt funding gap seen at E115bn

Some E482bn of European commercial mortgage loans are due to be refinanced in the next two years but, due to value...

Dienstag 13. April 2010
GSW flotation size hinges on Berlin parliament vote

The nearly 50,000-apartment GSW housing company in Berlin is in full preparation for an initial public stock market...

Dienstag 13. April 2010
France's Klépierre, Gecina raise E1.2bn capital

French REIT/SIIC Klépierre has raised E900m through issue of a convertible bond. It launched a E700m seven-year bond at...

Dienstag 13. April 2010
Sonae Sierra changes leadership as Portela retires

As expected, Fernando Guedes de Oliveira has taken over as CEO of Portugal's shopping centre group Sonae Sierra after...

Dienstag 13. April 2010
Germany's Colonia aims for moderate 2010 growth

German residential property group Colonia has confirmed preliminary figures showing consolidated income after taxes for...

Dienstag 13. April 2010
Sector protests Grand Paris property tax

Property groups are protesting over a French Senate proposal for a 15% capital gains tax on capital value increases...

Dienstag 13. April 2010
French 2009 property returns fall 1.4%

French property posted a 1.4% negative return in 2009 as the impact of declining capital values outweighed income...

Dienstag 13. April 2010
Italian real estate returns 2.5% in 2009

Italian commercial property delivered 1.5% total return over second half 2009, giving 2.5% for the year, according to...

Dienstag 13. April 2010
European RE investment seen rising

Commercial real estate investment in Europe, reflecting seasonal trends, fell in the first quarter by 29% over 4Q09 to...

Dienstag 13. April 2010
Orco cuts net loss, details recovery plan

Struggling listed CEE developer Orco reported a narrower net loss for 2009 - to E251m from E391m, and detailed a...

Dienstag 13. April 2010
Polish BCB develops E130m Gdansk complex

Polish property group Baltyckie Centrum Biznesu is to build a E130m complex in Gdansk-Rebiechowo, the largest...

Dienstag 13. April 2010
Saudi's Al-Shiddi invests E200m in Sarajevo

The private Saudi-based property, trade and agriculture group Al-Shiddi is investing up to E200m in the next two years...

Dienstag 13. April 2010
Worst seen past for Moscow office

The Moscow real estate market is past its worst period and is now experiencing positive trends and some revival, says...

Dienstag 06. April 2010
Bank of Spain sees E166bn in property at risk

A Bank of Spain report on financial stability has estimated total accumulated real estate assets on bank books worth...

Dienstag 06. April 2010
Germany's Aareal to boost 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...

Dienstag 06. April 2010
Europe's retail recovery attracting Asian investors

Strong interest is being seen from Asian and Middle Eastern investors in European retail property, says Pieter...

Dienstag 06. April 2010
Coeur Défense legal ruling assures real estate investors

Creditors on French property can be assured they will in future be entitled to relevant rental income after the Paris...

Dienstag 06. April 2010
MassMutual, Protego set transatlantic property platform

The sale of the UK-based property manager Protego to Cornerstone, a unit of the Massachusetts-based MassMutual...

Dienstag 06. April 2010
Catella aims to duplicate French success in Germany

Sweden-based Catella Property plans to build German institutional real estate fund management to duplicate success in...

Dienstag 06. April 2010
Aberdeen to re-open Degi fund in summer

Aberdeen Property Investors is boosting liquidity in its German open-end fund Degi Europa for re-opening in summer,...

Dienstag 06. April 2010
Finding value in Europe seen difficult despite crisis

European property investment manager Europa Capital surprised with an audacious deal in Spain last year with RREEF and...

Dienstag 06. April 2010
Segro to seek investment opportunities outside UK

UK-based industrial property REIT Segro, bolstered by last year's well-timed takeover of British peer Brixton, will...

Dienstag 06. April 2010
Sirius sees pickup in German business park demand

AIM-listed Sirius Real Estate, which owns a E500m portfolio of German business parks, is benefiting from hundreds of...

Dienstag 06. April 2010
Atrium European halves loss, confident on future

Listed CEE shopping centre group Atrium European Real Estate, created two years from Meinl European Land, reported a...

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...