August 27th, 2009
U.S. investors dominated the European market at the peak of housing boom, but in only two years, they have withdrawn almost completely from the forefront of the sector and have become “net sellers” of commercial properties in Europe, according to The Wall Street Journal (WSJ).
U.S. investors have spent, in the first half of this year, funds of 407 million euro for investment in commercial real estate in Europe, down with 98% from peak of 20.7 billion in the first half of 2007, according to a report by CB Richard Ellis (CBRE).
At that time, U.S. investors were involved, from the position of buyers, in 16% of all transactions on the European property market, a percentage that limited to 9.1% in the first six months of the year, 1.6% in January-June period of 2009.
“We recognize that global investor, U.S. institutional investor, has withdrawn dramatically. At the moment the regional and national investors dominate market estate, “said CBRE chief economist, Ray Tortoise, quoted by the WSJ.
The biggest sale of real estate this year was carried by an American investor group, is the transaction that Tishman Speyer Properties has received 128 million pounds for proper building Centurium offices in London, taken over by German fund BVK International Immobilien-Spezialfonds.
Tishamn Speyer bought the property in 2005 for 100 million pounds.
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Posted in Economy, Finance, Investment, Money, Real estate | No Comments »
August 24th, 2009 | No Comments »
Manufacturer of soft drink Coca-Cola plans to invest five billion dollars in Mexico, in cooperation with several local partners to develop several projects over the next five years, said, Thursday, Muhtar Kent, general manager of the group.
The five billion dollars goes to a similar amount invested by Coca-Cola in Mexico in 2004.
The principal partner of the American group in Mexico is Coca-Cola Femsa,... Read More
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August 20th, 2009 | No Comments »
Germany is Russia’s strategic partner in the European Union. Collaboration seeks strategic areas for both countries, such as energy, automotive industry and shipyards.
Although the German chancellor, Angela Merkel don’t forget to speak about violation of human rights in the Russian Federation, economic relations between the two countries are at the highest level of last decades.
Germany is... Read More
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August 10th, 2009 | No Comments »
Large losses reported by the bank make the necessity of U.S. Treasury intervention.
While JP Morgan Chase and Morgan Stanley returns received financial aid from the state, Fannie Mae required an infusion of capital of 10.7 billion dollars.
Because of the crisis, Fannie Mae was nationalized in September 2008. Fannie Bank Mae in the United States was one of the first victims of mortgage crisis and the... Read More
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August 6th, 2009 | No Comments »
European Bank for Reconstruction and Development (EBRD) could participate with 25 million euro in capital of 200 million euro of investment fund which aims the acquisition of companies in consumer goods from Central and South-East.
EBRD analyze a participation with 25 million euro to Resource Eastern European Equity Partners I LP fund, managed by GP Resource Partners, based in Warsaw.
Target capitalization... Read More
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