Euro Property articles from April 2004

Euro Property archives from April 2004

Savvy tenants get a scent of recovery.
April 1, 2004... If you attended Mipim, the annual European property bash, in Cannes last month, you will probably have contributed to, or have been happy to partake in, the optimistic mood of the market. And it wasn't just the Champagne talking; it's a...

East to outpace west for European returns.
April 1, 2004... Gross annual returns in central and eastern Europe will outstrip western Europe, according to Jones Lang LaSalle (JLL) forecasts up until 2007, released by the firm for the first time. Central and eastern Europe will see gross annual returns...

Smaller UK cities tipped as investors' best bet for 2004.
April 1, 2004... Investors seeking stability this year should look to smaller cities in the UK, Knight Frank's Global Real Estate Forecast report suggests. Milan headed the table of best cities for investment, but UK cities dominated the top ten....

JER Partners.
April 1, 2004... The US opportunity player is back on the acquisitions trail after raising $1.25bn to invest in Europe. Italy, France, the UK and Nordic countries are all target markets After a quiet 2003, opportunity fund manager JER Partners wants the market...

Silic.
April 1, 2004... The French developer and investor concentrates on business park schemes outside the centre of Paris, particularly near the city's Orly and Charles de Gaulle French listed property company Silic will add a 62,000m2 project at Nanterre...

Institutions line up for special treatment.
April 1, 2004... Spezialfonds, which are tailored to suit the needs of institutional investors, are set to receive billions from German pension funds and insurance companies, as they turn to international property investment as an alternative to depressed...

CGI.
April 1, 2004... The German fund management giant has recently added a global property fund to its existing flagship HausInvest Europa fund. It plans to launch two new vehicles in 2004 When CGI launched its global fund last month the fund manager was happy to...

Industry questions proposals for a UK reit.
April 1, 2004... The UK government's consultation paper on proposed real estate investment trusts - or property investment funds (pifs) - has been criticised for supplying more questions than it answers. But at least it marks the start of a debate in which the...

Closed funds open up to corporate property.
April 1, 2004... Germany's closed-end funds have invested nearly double the amount held by their better known open-end cousins. The US has been a big market for these vehicles, but they are also hoping to benefit from corporate and state property sales in...

ABN Amro Bouwfonds.
April 1, 2004... The Netherlands-based company is branching out from its origins as a domestic residential operation to become an international property lender and developer Bouwfonds has set its sights on growing into a top European property company by 2010....

The Mills Corporation.
April 1, 2004... The US real estate investment trust specialises in retail and leisure-based schemes, often with a regeneration angle. It owns the ski-based Xanadu leisure scheme brand Almost a year after opening Europe's largest indoor snow facility, Xanadu...

People.
April 1, 2004... ING REIM takes on Lend Lease duo ING Real Estate Investment Management has recruited Ian Cockburn and Aleksandra Hughes from Lend Lease. Hughes, who was fund manager of Lend Lease's Retail Partnership, and Cockburn, who was chairman of Lend...

Europe's occupiers come out of hibernation.
April 1, 2004... After months of low rents and high vacancy rates, tenant demands is picking up in a number of European cities. In London, banks are taking back space they had planned to sublet, Paris has seen record take-up and Milan and Madrid have also seen...

Funds suffer flipside of economic recovery.
April 1, 2004... German funds, normally known for their caution, are turning to new investment territory to deliver the high returns investors back home now expect. The US, on the brink of an upturn, is one target, while some funds are even looking to the Far...

German public turns its back on property.
April 1, 2004... The party is over for German open-ended funds, which enjoyed record contributions from the public up until the end of last year. Poor returns have since led investors to switch their cash back into equities, but some see this as a necessary...

Netherlands stock outperform but Europe lags behind global index.
April 1, 2004... Over the 18 February to 19 March period, the EPRA/Nareit Global Real Estate Index rose by 6.4%. North America led the field with an 8.7% increase, while Asia and Europe underperformed the global index at 4.5% and 2.6% respectively. Asia has...

German capital.
April 1, 2004... With the domestic market in the doldrums, all types of German funds are looking abroad to satisfy the higher return expectations of their investors It is an irony that Germany provides one of the strongest sources of institutional and private...

Heard in the Eurolounge.
April 1, 2004... Travelling the fast way Scientists have unveiled a secret military diet that also cures jetlag. Apparently a diet based on feasting on high-protein meals, followed by fasting days, resulted in decreased tiredness in soldiers but also helped...

Urban regeneration may be a matter of duty for investors.
April 1, 2004... City infrastructure projects may offer the industry rewards that compensate for a rising tax burden It was no coincidence that Chancellor Gordon Brown's Budget last month covered both the UK housing market and the proposed real estate...

iii.
April 1, 2004... After producing the worst performance of all German open-ended funds last year, iii is taking action to restructure its domestic portfolio and diversify across the eurozone The windows in Reinhard Mattern's Munich office are open to let in...