Euro Property articles from June 2004

Euro Property archives from June 2004

Ashtenne Holdings.
June 1, 2004... The UK industrial property specialist reported record profits this year. Having built up a large UK portfolio, it has recently expanded its activities to continental Europe UK property company Ashtenne Holdings specialises in intensively...

EPRA global index declines 6.9% as investors fear interest rate rises.
June 1, 2004... Fears of interest rate rises caused a 6.9% fall in the EPRA/NAREIT Global Real Estate Index in the period 19 April to 17 May, while European property stocks fell 4.4%. North American stocks also put pressure on the global index with a 4.6%...

Heard in the Eurolounge.
June 1, 2004... Conference goers answer charity's call Mobile phones that ring at the wrong time are the nightmare of every conference organiser. So IPD introduced a penalty system at the IPD/INREV European Property Investment Conference in Vienna in May....

Summer consultation paves the way for IPD pan-European index.
June 1, 2004... The IPD plans to launch a consultative pan-European index this summer, with a view to launching a full index within one year. The index will include 11 countries for which the IPD has property investment data stretching back three years....

IVG Immobilien.
June 1, 2004... IVG's purchase of German spezialfonds manager OIK has given it a dominant position in Germany's fund management market, but it is also a pan-European developer Which property boss wouldn't envy IVG's position? Germany's biggest property...

JP Morgan Fleming.
June 1, 2004... The US bank hopes that its new European fund management arm will emulate the success of its US counterpart. It is seeking acquisitions across Europe's main markets For its European fund management business, JP Morgan Fleming Asset Management...

SIICs receive a trans-Atlantic warning.
June 1, 2004... The French property market continues to take to SIICs, as our front-page story shows. After a colourful history running Paris's most famous landmark, Societe de la Tour Eiffel is to take on a new, albeit slightly less unusual, role as the...

Central Europe offers a development carrot.
June 1, 2004... With the European Union expanding eastwards, some believe that European logistics flows will change accordingly. Other analysts say that the strongest growth will be confined to a banana-shaped swathe of logistics hot spots across established...

Retail booms despite tighter planning laws.
June 1, 2004... A dozen new shopping schemes opened in Portugal last year, with retail-park and factory-outlet sub-markets starting to establish themselves. Planning laws have been tightened, but institutional demand for retail assets is likely to keep the...

PSP Swiss Property.
June 1, 2004... Merger with REG has made PSP one of Europe's largest property companies, but the Swiss group has no plans to look outside its home market, where offices are the target PSP Swiss Property Group's recent acquisition of fellow Swiss property...

Institutional property tops [euro]1trn in Europe.
June 1, 2004... Institutional property investment in the 11 largest countries monitored by the IPD amounts to U1trn, according to the latest research on European market sizes. Aart Hordijk of ROZ Real Estate Council and Carl-Ivar Ahlqvist of the University of...

Institutional property tops [euro]1trn in Europe.
June 1, 2004... Institutional property investment in the 11 largest countries monitored by the IPD amounts to 1trn, according to the latest research on European market sizes. Aart Hordijk of ROZ Real Estate Council and Carl-Ivar Ahlqvist of the University of...

Spain and Portugal.
June 1, 2004... Rapid economic growth and strong consumer demand continue to attract foreign investors to Spanish property, especially regional shopping centres Spain's economic performance has remained remarkably strong, thanks to structural reforms...

Investors quit offices to hit Spain's malls.
June 1, 2004... A jump in retail investment volumes last year marked investors' flight from offices to a sector with potential for expansion beyond the main cities. Retail warehouses are this year's hot sub-sector, although there are fears that rents may not...

German buyers beat locals to prime prizes.
June 1, 2004... While domestic investors accounted for 70% of investment deals in Madrid last year, German funds are still outbidding them to win the best prime assets. Rents continue to fall, but low interest rates are encouraging debt-driven developers to...

EU states take steps to close tax loopholes.
June 1, 2004... The need to close cross-border tax loopholes in the face of EU enlargement has led a number of states to introduce tax reforms that will have a big impact on property. In the second of a two-part series, we outline the changes in Germany,...

German fund gains Vienna office.
June 1, 2004... A Viennese consortium of banks and developers has completed the sale of two office buildings in Vienna to German fund manager GAF GENO Asset Finance, which is partly owned by Citigroup. The German fund manager, in which DZ Bank and WGZ Bank...

Protego Real Estate Investors.
June 1, 2004... The new venture of former Aberdeen Property Investors chief executive Ian Reid will build on his experience in creating innovative indirect property vehicles and products Protego Real Estate Investors has big ambitions to become an indirect...

People.
June 1, 2004... FPDSavills builds up Spanish team FPDSavills has completed a major recruiting drive to strengthen its Spanish investment team. Marcus Lemli is to become the company's head of international investment in Spain and he will also be a member of...

Maturing populations take offices into a difficult.
June 1, 2004... Ageing populations and shrinking workforces have serious implications for office demand The phenomenon of ageing populations in the world's mature economies has been widely analysed in political circles, but has received far less attention...

Reforms give a kick-start to stalled market.
June 1, 2004... Portugal's government is hoping that changes to lease and property tax laws will get the stagnant property market moving again. But for now, landlords facing low rents and record vacancy rates are having to offer extensive rent-free periods to...

Ashtenne Holdings.
June 1, 2004... The UK industrial property specialist reported record profits this year. Having built up a large UK portfolio, it has recently expanded its activities to continental Europe UK property company Ashtenne Holdings specialises in intensively...

EPRA global index declines 6.9% as investors fear interest rate rises.
June 1, 2004... Fears of interest rate rises caused a 6.9% fall in the EPRA/NAREIT Global Real Estate Index in the period 19 April to 17 May, while European property stocks fell 4.4%. North American stocks also put pressure on the global index with a 4.6%...

Heard in the Eurolounge.
June 1, 2004... Conference goers answer charity's call Mobile phones that ring at the wrong time are the nightmare of every conference organiser. So IPD introduced a penalty system at the IPD/INREV European Property Investment Conference in Vienna in May....

Summer consultation paves the way for IPD pan-European index.
June 1, 2004... The IPD plans to launch a consultative pan-European index this summer, with a view to launching a full index within one year. The index will include 11 countries for which the IPD has property investment data stretching back three years....

IVG Immobilien.
June 1, 2004... IVG's purchase of German spezialfonds manager OIK has given it a dominant position in Germany's fund management market, but it is also a pan-European developer Which property boss wouldn't envy IVG's position? Germany's biggest property...

JP Morgan Fleming.
June 1, 2004... The US bank hopes that its new European fund management arm will emulate the success of its US counterpart. It is seeking acquisitions across Europe's main markets For its European fund management business, JP Morgan Fleming Asset Management...

SIICs receive a trans-Atlantic warning.
June 1, 2004... The French property market continues to take to SIICs, as our front-page story shows. After a colourful history running Paris's most famous landmark, Societe de la Tour Eiffel is to take on a new, albeit slightly less unusual, role as the...

Central Europe offers a development carrot.
June 1, 2004... With the European Union expanding eastwards, some believe that European logistics flows will change accordingly. Other analysts say that the strongest growth will be confined to a banana-shaped swathe of logistics hot spots across established...

Retail booms despite tighter planning laws.
June 1, 2004... A dozen new shopping schemes opened in Portugal last year, with retail-park and factory-outlet sub-markets starting to establish themselves. Planning laws have been tightened, but institutional demand for retail assets is likely to keep the...

PSP Swiss Property.
June 1, 2004... Merger with REG has made PSP one of Europe's largest property companies, but the Swiss group has no plans to look outside its home market, where offices are the target PSP Swiss Property Group's recent acquisition of fellow Swiss property...

Institutional property tops [euro]1trn in Europe.
June 1, 2004... Institutional property investment in the 11 largest countries monitored by the IPD amounts to U1trn, according to the latest research on European market sizes. Aart Hordijk of ROZ Real Estate Council and Carl-Ivar Ahlqvist of the University of...

Institutional property tops [euro]1trn in Europe.
June 1, 2004... Institutional property investment in the 11 largest countries monitored by the IPD amounts to 1trn, according to the latest research on European market sizes. Aart Hordijk of ROZ Real Estate Council and Carl-Ivar Ahlqvist of the University of...

Spain and Portugal.
June 1, 2004... Rapid economic growth and strong consumer demand continue to attract foreign investors to Spanish property, especially regional shopping centres Spain's economic performance has remained remarkably strong, thanks to structural reforms...

Investors quit offices to hit Spain's malls.
June 1, 2004... A jump in retail investment volumes last year marked investors' flight from offices to a sector with potential for expansion beyond the main cities. Retail warehouses are this year's hot sub-sector, although there are fears that rents may not...

German buyers beat locals to prime prizes.
June 1, 2004... While domestic investors accounted for 70% of investment deals in Madrid last year, German funds are still outbidding them to win the best prime assets. Rents continue to fall, but low interest rates are encouraging debt-driven developers to...

EU states take steps to close tax loopholes.
June 1, 2004... The need to close cross-border tax loopholes in the face of EU enlargement has led a number of states to introduce tax reforms that will have a big impact on property. In the second of a two-part series, we outline the changes in Germany,...

German fund gains Vienna office.
June 1, 2004... A Viennese consortium of banks and developers has completed the sale of two office buildings in Vienna to German fund manager GAF GENO Asset Finance, which is partly owned by Citigroup. The German fund manager, in which DZ Bank and WGZ Bank...

Protego Real Estate Investors.
June 1, 2004... The new venture of former Aberdeen Property Investors chief executive Ian Reid will build on his experience in creating innovative indirect property vehicles and products Protego Real Estate Investors has big ambitions to become an indirect...

People.
June 1, 2004... FPDSavills builds up Spanish team FPDSavills has completed a major recruiting drive to strengthen its Spanish investment team. Marcus Lemli is to become the company's head of international investment in Spain and he will also be a member of...

Maturing populations take offices into a difficult.
June 1, 2004... Ageing populations and shrinking workforces have serious implications for office demand The phenomenon of ageing populations in the world's mature economies has been widely analysed in political circles, but has received far less attention...

Reforms give a kick-start to stalled market.
June 1, 2004... Portugal's government is hoping that changes to lease and property tax laws will get the stagnant property market moving again. But for now, landlords facing low rents and record vacancy rates are having to offer extensive rent-free periods to...