Euro Property articles from November 2004

Euro Property archives from November 2004

Property spans pensions gap.
November 1, 2004... Pension funds are turning to property investment to help fill a funding gap caused by rising liabilities as the workforce shrinks and lower-than-expected returns from equities European property could be on the receiving end of up to [euro]359bn...

Central Europe.
November 1, 2004... The recent EU accession markets still offer a yield advantage over the west but are maturing rapidly. Investors seeking higher returns are pushing further east to Romania and Russia In May this year eight central and eastern European countries...

Yield gap closes as central Europe comes of age.
November 1, 2004... Investors in central Europe are scaling back return targets or diversifying into new sectors The Central European investment market has come of age. Since the start of 2004, the volume of deals in Poland, Hungary and the Czech Republic has...

Investors widen search for central Europe's best buys.
November 1, 2004... Central Europe's retail scene is maturing rapidly, with yields and investment returns falling as investor competition intensifies. Secondary cities will offer the next wave of opportunities Long before Poland, Hungary and the Czech Republic...

Western property players continue eastern push.
November 1, 2004... Many EU accession states already have maturing markets, while Russia is next in line The profile of central and eastern Europe was raised significantly last May when eight out 10 countries in the region namely, Estonia, Latvia, Lithuania, the...

Occupiers favour sustainable space.
November 1, 2004... More than half of CoreNet Global European members consider sustainability a key factor in the future of property decisions, but acknowledge that it has not yet caught on in the mainstream. CoreNet's conference in Budapest last month also found...

Investors tipped to buy standing retail warehouses.
November 1, 2004... Existing stock is likely to provide the next wave of product for retail warehouse investors on the Continent, according to Jones Lang LaSalle (JLL). Peter Todd, JLL's director of European retail, said: "Investors are not considering existing...

Q3 volumes point to record year for CMBS market.
November 1, 2004... Commercial mortgage-backed securities (CMBS) volumes reached $5.45bn in quarter two, compared to $4.6bn in the second quarter. Morgan Stanley's latest Eloc issue was this quarter's largest. Morpheus is unusual in that the bank only originated...

Pirelli Real Estate.
November 1, 2004... Pirelli RE has a business model that is unique in Italian property. While other firms buy and sell buildings and collect rent, Pirelli RE is moving away from this traditional approach and into fund management. Its [euro]1.8bn fund management...

DekaBank takes steps to rescue ailing fund.
November 1, 2004... Bank sacks manager and props up domestic fund in wake of bribery investigations DekaBank, the parent bank of German open-ended fund manager Deka Immobilien Investment, has sacked the fund manager's senior management and propped up its domestic...

People.
November 1, 2004... Arlington adds international researcher Monika Bukowska has been appointed research analyst, international markets, at UK developer Arlington Property Investors. She was previously an investment research consultant at Cushman & Wakefield Healey...

Sustainability becomes the law of development.
November 1, 2004... Directives aimed at combating climate change are having a profound impact on the way the property industry operates With directives coming from the UN, the EU and national governments across Europe, sustainability is a global issue that cannot...

Heard in the eurolounge...
November 1, 2004... Mipim maintains place in the suna The annual rumours about whether or not Cannes will continue to host Mipim, the European property jamboree (combined with serious business networking event, of course), are not likely to surface again for a...

PruPIM.
November 1, 2004... The UK institutional investor has spent [pounds sterling]400m globally since branding out from its domestic market in 2001 and is now targeting French retail Three years ago, Prudential Property Investment Managers (PruPIM), the UK's largest...

CB Richard Ellis Investors.
November 1, 2004... Germany is the latest target market for CBRE's investment arm, where it hopes to replicate the retail and offices strategy that worked so well in France The poor state of the German economy is not deterring CB Richard Ellis Investors, the...

KFN.
November 1, 2004... ABP's Dutch office fund has suffered from a sector downturn that has seen vacancy rates rise and values fall in its portfolio of new, large assets KFN, which is ABP pension fund's specialist office fund, has experienced heavy weather since the...

Deka shake-up teaches funds a lesson.
November 1, 2004... The first concrete evidence of the impact of problems in the German open-ended fund sector both financially and in terms of reputation is now available. Figures from fund association BVI on the sector's capital flows in September reveal a net...