Property Finance News

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...

Mittwoch 24. Februar 2010
WestImmo arranges E120m financing for Polish shopping centres

The Mainz-based Westdeutsche ImmobilienBank, acting as agent and arranger, has provided MGPA Europe Fund III with a...

Mittwoch 24. Februar 2010
Norwegian Property to split into two; 4Q09 profits rise

Oslo-based Norwegian Property, the four-year-old listed hotels and offices company struggling against high debt since...

Mittwoch 24. Februar 2010
MGPA winds up $480m Global 1 with strong returns

Private equity real estate advisor MGPA, an associate of the Macquarie group, is winding up its Global Fund I, an...

Mittwoch 24. Februar 2010
Hamburg's TAG makes 2nd strategic investment in 2010

Hamburg-based listed TAG Immobilien has taken a stake of around 15% in the smaller listed German firm Estavis at E2.35...

Dienstag 23. Februar 2010
Hamborner becomes 3rd German REIT; aims for growth

The Duisburg-based listed office and retail property group Hamborner yesterday became Germany's third Real Esate...

Dienstag 23. Februar 2010
Germany's Fair Value narrows loss, sees value trend upturn

The Munich-based Fair Value REIT recorded a consolidated 2009 loss of E4.2m, narrowing the shortfall of E13.2m in 2008...

Dienstag 23. Februar 2010
German housing firm Speymill risks breaching covenant

AIM-listed German residential property firm Speymill Deutsche Immobilien said it risks breaching a bank lending...

Dienstag 23. Februar 2010
CA Immo targets up to E500m for German expansion

Vienna-based listed property group CA Immo has up to E500m available for investment this year and is focusing on...

Montag 22. Februar 2010
Asian investors, including Chinese, looking at German real estate - King Sturge

Asia-based investors are becoming increasingly interested in German commercial property, says Sascha Hettrich, head of...

Montag 22. Februar 2010
French FdR narrows net loss, net recurring income up 7%

One of the largest French REIT/SIICs Foncière des Régions more than halved its net loss in 2009 to E262m, with the...

Montag 22. Februar 2010
Deutsche EuroShop sees halved '09 profit but FFO higher

Listed German shopping centre investor Deutsche EuroShop is expecting a 2009 consolidated profit more than halved to...

Montag 22. Februar 2010
Last week to reach MIPIM with Property Investor Europe

The European real estate sector is reviving after the crisis and restructuring fast to meet new challenges. At this...

Montag 22. Februar 2010
Germany's Deka pays Skanska E59m for Stockholm office

Germany's DekaBank has made an acquisition in Sweden for its property fund WestInvest ImmoValue, paying the developer...

Montag 22. Februar 2010
Belgian Befimmo quarterly profit signals turnround

Belgian listed property group Befimmo saw earnings per share improve to E0.69 in the first quarter of its financial...

Montag 22. Februar 2010
Unibail-Rodamco sells five Dutch malls for E235m

French-Dutch shopping centre REIT Unibail-Rodamco has reached agreement on the sale of five Netherlands retail malls to...

Montag 22. Februar 2010
King Sturge German index falls for first time in year

The German Real Estate Climate indicator of international property consultant King Sturge declined for the first time...

Montag 22. Februar 2010
Belgian prime retail vacancy rates near zero - Cushman

Vacancy rates in prime Belgian retail locations are near to zero, according to realtor Cushman & Wakefield. Only nine...

Montag 22. Februar 2010
European banks' sentiment on RE lending improving

European banks' sentiment towards real estate lending has improved for the first time since early 2008, with loan size...

Montag 22. Februar 2010
French SCPI fund see E869m inflows in 2009

French SCPI real estate funds saw net capital inflows of E869m in 2009, boosting total capitalisation 10% to just under...

Montag 22. Februar 2010
French Lucette divests Colisée; price said at E160m

French office REIT/SIIC Compagnie La Lucette, recently acquired by larger peer Icade, has signed a provisional...

Freitag 19. Februar 2010
Global CRE volumes slide 30% to $381bn in 2009

The global volume of commercial property sold in 2009 fell 30% to $381bn, with nearly 11,000 properties selling in...

Freitag 19. Februar 2010
German house price index rises in January

German house prices are showing signs of recovery following the steep falls last year, and in January were in aggregate...

Freitag 19. Februar 2010
NL shopping mall REIT Corio narrows loss; direct result rises 7%

Dutch shopping centre REIT/FBI Corio reported a 2009 net loss of E132m, narrowing the E240m loss from 2008, but saw its...

Donnerstag 18. Februar 2010
French mall REIT Altarea 2009 revenues stable

French shopping centre REIT/SIIC Altarea Cogedim recorded stable 2009 revenues but said it expects strong growth in...

Donnerstag 18. Februar 2010
Disposals boost Icade's 2009 profit 69%

French SIIC/REIT Icade posted a 69% rise in 2009 net profit to E527m but the increase was almost entirely due to...

Donnerstag 18. Februar 2010
AEW Europe eyes 2010 doubling in property deal volume to over E3.5bn

The real estate investment manager AEW Europe is targeting 2010 transaction volume around the continent, combining...

Donnerstag 18. Februar 2010
Sweden's Fabege launches share buy-back; no price range given

Swedish listed property group Fabege has started the share buy-back program approved by its shareholder meeting last...

Mittwoch 17. Februar 2010
Hamburg's Union pays Sonae, Euris E316m for 91% of Berlin's Alexa

Hamburg-based Union Investment, the fund manager of the German cooperative banking network, is paying Lisbon-based...

Mittwoch 17. Februar 2010
Hamburg's Union pays Sonae, Euris E316m for majority of Berlin's Alexa

Hamburg-based Union Investment, the fund manager of the German cooperative banking network, is paying Lisbon-based...

Mittwoch 17. Februar 2010
Rivero resigns as chairman of French REIT Gecina

Joaquin Rivero has resigned as chairman of Gecina, one of France's largest REITs, but will remain as a company...

Mittwoch 17. Februar 2010
French REIT Tour Eiffel reports 2009 rental climb of 5.7%

French REIT/SIIC Société de la Tour Eiffel increased directly comparable rents in its portfolio last year by 5.7%....

Mittwoch 17. Februar 2010
Unibail-Rodamco sells five Dutch malls to Wereldhave for E235m

French-Dutch shopping and conference centre REIT Unibail-Rodamco has sold five Netherlands retail malls to Dutch listed...

Mittwoch 17. Februar 2010
Sponsorship deadline nears for PIE MIPIM Edition

Property Investor Europe closes its MIPIM Special Edition for sponsorship and advertising on Wednesday 24 February....

Mittwoch 17. Februar 2010
Orco wins bank loan extension, nears court bond ruling

Troubled Czech developer Orco Property Group has renegotiated and extended all loans from 33 banks, totalling over...

Mittwoch 17. Februar 2010
German office values resume rise in 4Q - JLL's VICTOR

Jones Lang LaSalle's VICTOR valuation index of prime office property in the Big Five German cities rose by 1.8% in the...

Mittwoch 17. Februar 2010
Berlin GSW housing IPO held up by Berlin Senate talks

What could potentially be the largest real estate stock market flotation in Germany for several years, the 52,000-unit...

Montag 15. Februar 2010
Foncière Paris France loss on debt charges, write-offs; operating improves

Paris commercial property REIT/SIIC Foncière Paris France reported a wider 2009 net loss of E11.3m from E6.6m in 2008...

Montag 15. Februar 2010
French Klepierre '09 profit hit by debt costs, 7% writedown

French shopping centre REIT/SIIC Klépierre reported a decline in net profit to E162m in 2009 from E200m in 2008, as...

Montag 15. Februar 2010
Hatfield Philips is largest property loan servicer outside US

Hatfield Philips, the London-based real estate loan servicing company owned by Florida-based private equity group LNR...

Montag 15. Februar 2010
Sweden's Hufvudstaden posts loss from writedowns, sees better 2010

A 6% markdown in the property portfolio of Swedish listed firm Hufvudstaden, controlled by the Lundberg group, brought...

Freitag 12. Februar 2010
European prime supply, demand to move toward balance - C&W

The European economic recovery will be slow and uneven this year but it will be sustained, and many concerns such as...

Freitag 12. Februar 2010
Rental declines halt in London, Oslo, Warsaw - JLL

Europe's economies continue to show encouraging signs of economic recovery in fourth quarter, and though markets vary...

Freitag 12. Februar 2010
Rabobank's Bouwfonds suspends housing fund capital inflows

Bouwfonds, the real estate arm of the private Dutch Rabobank group, is seeing soaring

interest from institutional...

Freitag 12. Februar 2010
Finnish mall group Citycon narrows net loss, sees stable finances

Finland-based listed shopping centre group Citycon sharply narrowed its net loss for 2009 to E37m from a deficit of...