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PhiladelphiaMarch 10, 2010 Philadelphia Marriott Downtown - Philadelphia, PA
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IHG To Open Quebec’s First LEED Hotel By Katie Hinderer QUEBEC-The 94-room Holiday Inn utilizes high efficiency energy distribution, ultra-insulated building, and LED and low voltage fluorescent lighting. ... Full Story

Credit, Tenant Delays Tighten Paris Office Supply By Allan Saunderson PARIS-Because of the global crisis, tenants have been unwilling to commit. Despite the crisis, there is not a lot of distressed property available. ... Full Story

German Law Changes Seen Needed on REITs By Allan Saunderson PULLACH, GERMANY-The interest expenses cap has been a thorn in the side of the German real estate sector since it was first mooted almost three years ago. ... Full Story

Macquarie Retreats From More Funds By Wall Street Journal SYDNEY-The investment bank is in discussions with Charter Hall Group to take over parts of its 'real estate funds management portfolio,' according to the Wall Street Journal. ... Full Story

French ILC Commercial Rent Index Turns Negative By Allan Saunderson PARIS-France's ILC commercial rents index showed a year-over-year decline of 1.22% in the third quarter of 2009 following a slowdown in is rise over the previous three quarters. ... Full Story

McDonalds To Increase Chinese Investment By Katie Hinderer SHENZHEN, CHINA-The fast food chain has increased the number of stores it plans to open during 2010; plans are in place for 175 new locations. ... Full Story

Immofinanz/East Merger Gets Shareholders' Nod By Allan Saunderson VIENNA-Immofinanz achieved 99.99% approval, with Immoeast shareholders voting 96% in favor. ... Full Story

French Property Investment To Pick Up By Allan Saunderson PARIS-Industry observers are calling for an increase in transactions, but they caution that the uptick will be moderate. ... Full Story

Deloitte's Drivers Jonas Takeover May Boost Industry By Allan Saunderson LONDON-he merged group will trade as Drivers Jonas Deloitte, and will have around 700 staff, annual revenues of more than £110 million. ... Full Story

Deutsche Euroshop in €123M Rights Issue By Allan Saunderson HAMBURG-The company intends to use the net proceeds primarily to finance its acquisition of the A10 Center in Wildau near Berlin. ... Full Story

Allianz Buys in Hungary, Germany, France By Allan Saunderson MUNICH-Its most recent deal is an investment of 100 million in Allee Shopping Centre in Budapest alongside ING Real Estate. ... Full Story

Covered Bonds Issuance on Track for €170B By Allan Saunderson FRANKFURT-Full-year issuance could reach as high as 170 billion, but changes in bank regulation should help take-up. ... Full Story

Class A Office Space Trades for $1.6B By Katie Hinderer TOKYO-The 872,000-square-foot, 31-story property is located in one of the most desirable submarkets in Tokyo. ... Full Story

Global Recovery Fragile but Moving Forward By Katie Hinderer CHICAGO-JLL's Global Market report finds office rental rates are likely to decline further but investors are actively seeking purchases. ... Full Story

REIT Forges Ahead With New Developments By Wall Street Journal LONDON-Land Securities is planning a $1-billion push to develop three properties, as rents bounce back, says the Wall Street Journal. ... Full Story

Rreef Pays Hochtief €100M for Unilever Haus By Allan Saunderson HAMBURG-The property, some 25,000 square meters in size, was completed last June and is fully let to Unilever Deutschland as its headquarters. ... Full Story

Think Globally, Act Globally By Paul Bubny NEW YORK CITY-Real estate players who connect themselves to international demand will be the winners, said experts during Thursdays GlobeSt.com webinar. ... Full Story

German Office Leasing Down 24% in 2009 By Allan Saunderson BERLIN-The group forecast a generally stable outcome for all 15 markets in 2010, at around 2.8 million square meters. ... Full Story

Barclays Swaps Debt for 7% of Metrovacesa Equity By Allan Saunderson MADRID-Barclays acquired 4.8 million Metrovacesa shares at 46.29 each to cancel debt owed it by the Sanahujas of around 220 million. ... Full Story

French Senate Adopts Property Fund Tax Changes By Allan Saunderson PARIS-The first of the measures is aimed at facilitating the creation of partnerships between listed real estate investment trusts and non-listed open-end funds. ... Full Story

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