Robin Marriott
Olivier Piani, GE Real Estate’s chief executive in Europe, is leaving his post to head up Allianz’s new business. Piani, who is credited with building GE's real estate investments in Europe after a decade with the firm, will take up his new post with Allianz in October.
Property services firm DTZ says transactions for the first quarter have already halved compared to the corresponding period of 2007.
A second report this month has suggested there is continued appetite for Asia real estate but that tougher financing conditions prevail amid the credit crunch.
A second report this month has suggested there is continued appetite for Asia real estate but that tougher financing conditions prevail amid the credit crunch.
Orco Property Group, the listed company that concentrates on real estate investments in Central Europe and parts of Eastern Europe, is downgrading its growth forecast for the Endurance Fund after feeling the effects of the credit crunch.
London private equity real estate firm Europa Capital has closed two vehicles giving it €2.5 billion of acquisition firepower to capitalize on 'difficult and volatile credit conditions.'
A survey suggests that financial chaos from the US is affecting real estate investment in Asia, though investors are still keen to access the region for the growth and diversification it offers.
A survey suggests that financial chaos from the US is affecting real estate investment in Asia, though investors are still keen to access the region for the growth and diversification it offers.
Anecdotal evidence suggests German institutional investors are increasingly switching billions of euros invested directly in real estate into property funds.
Anecdotal evidence suggests German institutional investors are increasingly switching billions of euros invested directly in real estate into property funds.