All Property Week articles in Global July 2009
View all stories from this issue.
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Online
More than 60% think UAE property prices will fall further - poll
More than 60 percent of people think UAE property prices are going to drop by another 20-30 percent this year, according to an online poll.
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News
Starwood sets up Reit
Entrepreneur Barry Sternlicht is planning to float a new REIT in the US to buy distressed commercial and residential debt secured on real estate
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NewsSeller puts kibosh on sale of Manhattan’s Worldwide Plaza
Deutsche Bank vetoes financing arrangement for George Comfort and RCG’s purchase of its skyscraper
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News
Kenmore´s Paris sale
Kenmore European Industrial Fund has completed the sale of the 72,180 sq ft (6,713 sq m) Technosite building in Paris to a private investor, for €4.17m (£3.5m) – 6.15% below the March valuation
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NewsMan in the news: Joey Kaempfer
‘It’s a disaster, that’s what it is. I’m a great believer in Barack Obama, but he’s sure started with a mess. ’
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News
Grosvenor to grow in oz
Rob Kerr, chief executive of Grosvenor Australia, says the company aims to more than double the size of its assets in the next three to four years and expand its fund management business.
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NewsWho’s who in global industrial property
Developers Gazeley Gazeley is owned by Economics Zones World (EZW), which in turn is owned by Dubai World. EZW bought the developer in June last year from Wal-Mart for more than £300m (£353m). It operates in Europe, Mexico and across Asia and specialises in build-to-suit schemes. It carries out speculative ...
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NewsSpare a thought for those less fortunate
With so much attention absorbed in prime property markets, it is easy to forget that not so long ago, emerging markets were de rigueur
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NewsEurope’s happy mediums
As large multinational developers decide that bespoke schemes are no longer viable, occupiers are turning to medium-sized companies to fulfil their needs
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German funds double up
The amount of cash injected into German open-ended funds doubled in April to €556m (£473m) from €271m (£231m) in March, according to industry organisation BVI
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News
By popular demand
Property decisions in the downturn will be determined by population flows. Alexandra Notay details the findings of the Urban Land Institute’s Global Demographics 2009 report
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NewsLogistics delivers the goods
One of the largest pan-European property deals so far this year was in the logistics sector
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News
Deka’s double Down Under
German open-ended fund manager Deka Immobilien continued its global spending spree last month with the purchase two properties in Australia for €150m (£128m)
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News
Klepierre eases debt
Klépierre says it has eased the covenants on its bank debt, reduced its 2011 refinancing from €1.605bn (£1.4bn) to €855m (£729m), increased its credit lines by €150m (£128m), and entered new agreements for debt of €3.4bn (£2.9bn).
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NewsDawn of the Romanian Empire
Romania’s richest man, Dinu Patriciu, is taking advantage of the turmoil among small, London-listed companies to build a pan-European investment empire
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News
CREO sells Shanghai scheme
China Real Estate Opportunities has completed the sale of its effective 5% minority stake in Shanghai’s City Center 5 Development to existing shareholder Sociedade de Turismo e Diversoes de Macau, for RMB95m (£8.4m).
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News
China commits to Goodman
Goodman Group, Australia’s biggest industrial REIT, has received a A$200m (£98m) commitment from the China Investment Corporation (CIC) to help it meet its short-term refinancing issues
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NewsHigh road to China
Sam Zell, Gazeley and Goodman are among the cross-border investors ploughing their cash into China’s burgeoning logistics market.
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News
CBRE goes Dutch on debt
CB Richard Ellis’s EMEA debt advisory business has arranged a €50.8m (£43.2m) financing of an office and logistics portfolio in the Netherlands
