Euro Property articles from December 2004

Euro Property archives from December 2004

Financial framework for transparent comparisons.
December 1, 2004... Fund managers debate benefits of adopting new reporting standards for listed firms In January, new accountancy rules will take effect that will have a profound impact on the way property companies report their results. While many listed firms...

Investors go in search of new alternatives.
December 1, 2004... As traditional real estate produces disappointing yields, the appeal of diversifying into less familiar sectors grows. But success depends on greater involvement and different skills With office yields falling, many European investors are...

Yielding different meanings.
December 1, 2004... How do you calculate a gross yield? The answer depends on where you ask the question. The definition changes, and cross-border investors need to understand the differences In Europe the term "prime yield" is often used without much thought for...

German troubles bring hope for 2005.
December 1, 2004... A look back over 2004 shows that it has been a cathartic year for the European property industry. Well, mainly it has been cathartic for Germany, which then had a knock-on effect that will also benefit the rest of the industry. It is...

People.
December 1, 2004... Post takeover team announced for Fabege Swedish property company Fabege, which is being taken over by Wihlborgs Fastigheter, has named Wihlborgs president Erik Paulsson new chairman. Meanwhile, Fabege named Olle Knaust, Wihlborgs' vice...

Retail parks present best hopes for steady growth.
December 1, 2004... Bigger difference between high street and warehouse rents in continental Europe point to greater opportunties The retail sector continues to demonstrate the strongest performance of all market segments, with yields from high street shopping and...

Heard in the eurolounge.
December 1, 2004... Bush keeps promise well hidden With the Urban Land Institute conference in New York last month coinciding with the US election, the event was buzzing with post-election analysis. Lynn Thurber, global chief executive of LaSalle Investment...

ING Real Estate.
December 1, 2004... The world's biggest property asset manager is widening its fund management activities by targeting retail investors as well as institutions ING Real Estate is the world's number one property asset manager. Operating from offices in Europe, the...

Pramerica.
December 1, 2004... The US fund manager is keen to promote global capital flows among its regional divisions including taking European investors to the US and Asia It was a summer of change for Pramerica Real Estate Investors. There was a new name for the...

Sachsenfonds.
December 1, 2004... The German fund manager is keen to find more big properties in central Europe, and considering Finland, Moscow and Asia for the longer term Central Europe is the place investors want to be right now and Germany's closed-ended fund Sachsenfonds...

Patron Capital Partners.
December 1, 2004... A specialist in undervalued and distressed UK and European property, Patron has money to invest after raising [euro]303m for a second fund Private equity fund manager Patron Capital Partners has a further [euro]1.5bn to spend in Europe after it...

NPC.
December 1, 2004... Following a management buyout, the Baltic agency chain makes plans for further expansion across the region, and into new sectors and products NPC, owner of the Ober-Haus agency chain and Schlossle Hotels across central Europe and the Baltic...

Office performance.
December 1, 2004... EuroProperty's annual review shows falling yields and rents in seven of the 11 office markets surveyed. Yet the sector is still pulling in new investors as it outperforms stocks and bonds The anomalous pairing of a thriving office investment...

Investors back property over poor performing rivals.
December 1, 2004... While high net worth individuals and pension funds keep the office investment market bustling, predictions of a recovery in occupier activity have proved over-optimistic Across Europe, for the third year in a row, a roaring investment market...

Population shifts raise threat of shrinking demand.
December 1, 2004... The number of people of working age is set to decline. So, will a smaller workforce need less office space, or will other sources of potential growth continue to fuel demand? Today, few can remain unaware of the demographic shifts that will...

Interest rises in weak market.
December 1, 2004... German real estate has endured a protracted downturn. But the mood among investors is changing as they sense the market is nearing the bottom and may be about to turn The warm, autumn sun at Expo Real in Munich may have helped put Germany in a...

Mature market prepares for interest rate challenge.
December 1, 2004... As conditions get tougher, will hot American money go in search of easier pickings elsewhere? Property life on the other side of the pond is confronting the same anxieties as its European cousins cumbersome amounts of capital targeting the...

Retail rents boosted by sales growth.
December 1, 2004... Retail rents are benefiting from increased growth in retail sales during 2003 and higher spending in 2004 across most of Europe, according to ATIS REAL. The Avenue des Champs-Elysees in Paris remains ahead of London's Oxford Street as Europe's...

Occupiers take more UK space.
December 1, 2004... UK occupiers are taking more industrial and distribution space and rents are rising. According to King Sturge's UK Industrial and Distribution Floorspace Today survey, available space in the sector fell 2.6% between April and August 2004 to...

Vastned seeks SIIC status for French portfolio.
December 16, 2004... Dutch property company Vastned Retail has become the latest international investor to take advantage of the REIT status in France. The company will take a secondary listing on Euronext Paris and will apply for SIIC status in France. This will...