Euro Property articles from August 2004

Euro Property archives from August 2004

Rise of 4.6% for listed property sector takes EPRA UK index to 14-year high.
August 1, 2004... The listed UK property market continued to push its all-time high further during the 18 June to 20 July period, reaching a new peak on 16 July, when the EPRA UK Index closed at 1,832 - the highest point in its 14-year history. Over the same...

Cerberus.
August 1, 2004... The US opportunity fund has entered Germany's residential market with the [euro]2bn purchase of a Berlin public housing corporation, and is seeking further such deals To sooth the worries of tenants in flats bought as part of a [euro]2bn deal...

Residential buyers juggle politics and profit.
August 1, 2004... US funds keen to buy German state residential portfolios are finding that deals come with strings attached. Politicians are keen to ensure that tenants' rights are respected, but the guaranteed income stream may compensate for lack of potential...

Wealth requires careful management.
August 1, 2004... The findings of this month's article on the investment requirements of fund manager's ultra wealthy private clients were surprising. The potential of the private client sector is one of the topics raised most frequently when I speak to fund...

People.
August 1, 2004... Hollins becomes Slough European head Simon Hollins has been promoted to European head of UK property company Slough Estates. Hollins, who joined the company in 1998, had been Slough's European development manager since 2002. He will be...

Investment universe expands at slower pace.
August 1, 2004... The rush of capital into European property over the past few years has peaked, with a 30% fall in investment last year. But banks are keen to expand their loan books, and the potential for corporate property sales remains high - if investors...

Prime rents and yields in Europe - Q2 2004.
August 1, 2004... BOXTEXT: Recent German deals The company has targeted German state housing sell-offs Deal****Value [euro]****Description**** GSW****1.97bn****Berlin housing company owning 65,700 homes**** DSM****270m****Finance for Stroer's purchase of****...

EuroProperty capital raising update.
August 1, 2004... EuroProperty's capital raising update details the fund launches and closings announced by institutions in the past four months. Eleven fund launches have been announced since April, including eight closed-end vehicles aiming to raise around...

German office take-up weathers downturn.
August 1, 2004... Overall office take-up in Germany has remained steady, despite the poor state of the country's economy. In the first half of this year, take-up was 1.088m m2 compared with 1.082m m2 last year, according to ATIS REAL Muller. The picture is...

Orco Property Group.
August 1, 2004... The central European investor/developer is one of Prague's biggest landowners. It recently purchased IBP Real, the Czech Republic's largest residential developer Orco Property Group has good reason to be pleased with its commitment to central...

US investors.
August 1, 2004... State housing sell-offs and non-performing loan sales make Germany a hot market for US players, while funds in sales mode are finding plenty of takers Germany has become the main focus of attention for US opportunity funds this year. The funds...

Rockspring Property Investment Managers.
August 1, 2004... The fund manager, which was formed in a management buyout from Prudential Real Estate Investors, has five flagship vehicles invested across the UK and the Continent Rockspring Property Investment Managers will not be among the throng of fund...

Sponda.
August 1, 2004... The state-backed Finnish company owns a [euro]1.2bn portfolio dominated by Helsinki offices, but is now facing tough competition from foreign funds for new investments For domestic players such as Sponda, the opening up of the Finnish property...

Rich pickings as funds target private realm.
August 1, 2004... Wealthy private investors account for a growing proportion of the capital being channelled into the property sector. Fund managers such as Insight Investment and LaSalle are starting to tap this capital source by offering funds tailored to...

Agencies upgrade ratings for CMBS issuse.
August 1, 2004... European commercial mortgage-backed securities (CMBS) have performed strongly in 2004, according to the latest research from Standard & Poor's. During the first half of 2004 there were 21 changes in ratings for European commercial...

AIG Global Real Estate.
August 1, 2004... AIG's European property arm is a major investors and developer, often in partnership with local companies. Specialist central European funds will be its next big venture The European property arm of global insurance and asset management giant...

US buyers struggle to unlock German loans.
August 1, 2004... German banks look set to offload to US buyers non-performing loans worth billions, following a breakthrough deal by Hypo Real Estate in December. While big deals are in the offing, they will be complex transactions for which pricing may be...

Opportunity funds enter sales season.
August 1, 2004... Strong demand from other investors has convinced many US opportunity funds that now is the best time to sell their European assets. The need to demonstrate good performance before reaching their closing date is also prompting funds to shed...

Rodamco Europe.
August 1, 2004... The Dutch fund has cuts its exposure to ailing office markets at home and abroad, to concentrate on buying shopping centres in the Netherlands, Spain Sweden and France Rodamco Europe's focus on retail property, which accounts for 85% of its...

Opportunity funds enter the sales season.
August 1, 2004... Strong demand from other investors has convinced many US opportunity funds that now is the best time to sell their European assets. The need to demonstrate good performance before reaching their closing date is also prompting funds to shed...