Euro Property articles from May 2004

Euro Property archives from May 2004

People.
May 1, 2004... Salway takes top job at LandSec Land Securities, the UK's largest quoted property company, has chosen chief operating officer Frances Salway, 46, to succeed Ian Henderson as chief executive. Salway, who will take up the role in July, joined...

Heard in the Eurolounge.
May 1, 2004... INREV waltzes into Vienna Congratulations are due to the European Association for Investors in Non-listed Real Estate Vehicles (INREV) as it celebrates the joining of its 100th member - the European fund manager Orion Capital Investors. INREV...

EU enlargement bridges the traditional East-West divide.
May 1, 2004... Economic and legal reforms hold the key to the creation of a dynamic, unified European market The eastward march of the EU poses questions for businesses across the region. Will western economies face a deluge of migrant workers or eastern...

Invesco Real Estate Europe.
May 1, 2004... The global fund manager's European business gained a German subsidiary last year and is now planning to launch a fund targeting French and pan-European markets Large US fund manager Invesco Real Estate acquired its European side when it bought...

Eurocommercial Properties.
May 1, 2004... The Dutch retail property fund has branched out from France and Italy into the less mature Swedish market. It is considering office acquisitions to catch a market upturn During the second half of last year Eurocommercial reinforced its...

HSH Nordbank.
May 1, 2004... The German bank is about to launch a stand-alone property subsidiary, which will handle investment, development, fund management and property consultancy HSH Nordbank made headlines in February as one of the saviours of IVG, when it bought an...

Paris.
May 1, 2004... The Paris office market has outperformed the rest of Europe, leading new investors to compete with established German buyers for property assets Paris and London are often compared, as if the two capitals were competing against each other over...

Ile de France beats the continental blues.
May 1, 2004... Greater Paris has weathered the European downturn in office markets better than any other capital city, with record take-up last year. Strong demand from a diverse tenant base points to recovery, although it may take until 2006 before rents...

Recovery signs fuel race for Paris property.
May 1, 2004... A spate of deals in Paris at the end of the first quarter underlined the strong demand for scarce, prime investments. While German funds and US investors may be less active this year, French, Irish and Middle Eastern buyers are keen to get a...

TGV fast-tracks investment in the regions.
May 1, 2004... Paris still dominates the French investment market, but the shortage of suitable product in the capital is leading buyers to look to secondary cities such as Lyon, Lille and Marseille. Fast train links to Paris and the chance of higher yields...

Investors splash out more on good hotels.
May 1, 2004... Investors are paying historically high prices for hotels, despite two years of declining trading performance, according to Jones Lang LaSalle Hotels (JLLH). Last year was exceptional in terms of single- asset deals, with 3.1bn of transactions....

Burgeoning Moscow office space set to double by 2007.
May 1, 2004... The office market in Moscow is doing well and is likely to maintain its expansive phase until 2006 or 2007, when a large number of developments will come onto the market, according to Stiles & Riabokobylko's Office Market Profile 2004 report....

Asian index shows strong growth while Switzerland leads European rise.
May 1, 2004... Over the 19 March to 19 April period, the EPRA/NAREIT Global Real Estate Index fell 3.1%. Europe came in ahead with a 1.3% rise, while North America held the global index back with a fall of 6.2%. Asia finished 44 basis points in positive...

New members fall in line with EU tax laws: Poland.
May 1, 2004... Poland Poland has recently introduced changes to harmonise its tax regime with EU law. Corporate income tax has been lowered from 27% to 19%, while the standard withholding tax rate on dividends has been increased from 15% to 19%. In line with...

France: property flourishes under new regime.
May 1, 2004... Over the past year, French tax regulations have been amended in a way that has significantly improved the position of French and foreign property investors, while also benefiting the general French property market and boosting its liquidity....

Spain and Portugal: cutting taxes and clarifying rights.
May 1, 2004... In Portugal, property tax, which is now called Imposto Municipal sobre Imvoeis' (IMI), is paid annually by property owners and is levied on the value of assets as assessed by the tax authorities. Portuguese property comes under two types:...

UK's "property Budget" raises tax burden.
May 1, 2004... The UK chancellor's annual budget in March was one of the most property focused ever. As well as unveiling the government's consultation document on property investment funds - a proposed version of a UK real estate investment trust - the...

Tax regimes change along with EU borders.
May 1, 2004... The central and eastern EU entrants have revised their tax laws to bring them in line with the rest of Europe, while tax-transparent vehicles are making waves in France and the UK. In the first of a two-park analysis, we outline some of the...

JP Morgan keeps the faith in property.
May 1, 2004... This month US investment banks clashed over the prospects for European property. While Goldman Sachs is downgrading its view on the quoted European property sector from "neutral" to "cautious", JP Morgan is keeping faith with its positive...

Raven Group.
May 1, 2004... The private UK developer and investor is making a move into central and eastern Europe, and recently started work on a 100m resort on Mljet Island of Croatia The Raven Group, a private UK investment and development group whose watch-word is...

Shops scale back but investors keep buying.
May 5, 2004... Sluggish consumer spending and restrictive planning rules have led retailers to cut their expansion plans in Paris. But investors are still chasing the few large buildings available, and the advent of SIIC property vehicles may open up new...