Commercial Property News Archive for 12-Oct-2007

Rise in office rentals lifts K-REIT's Q3 distributable income by 31% (Channel NewsAsia)

SINGAPORE : The surge in office rentals has lifted the third quarter distributable income of K-REIT Asia by 31 percent from a year ago. The commercial property trust has booked an income of S$5.4 million for the three months to September.

(AFX UK Focus) 2007-10-11 13:10 GMT: Emerging Europe property assets may fall as credit crunch hits leveraged buyers (Interactive Investor)

BUDAPEST (Thomson Financial) - Regional and Hungarian commercial property assets could see a re-pricing as aggressive leveraged buyers drop out of the market due to affordable credit becoming scarce in the wake of recent liquidity problems, real estate experts said today.

Pirelli RE eyes commercial property acquisitions in Germany (Sharewatch)

FRANKFURT (Thomson Financial) - Pirelli Real Estate plans to grow through acquisitions in Germany and is for the first time looking at commercial properties there, Frankfurter Allgemeine Zeitung reported, citing Pirelli RE Deutschland's CEO Wolfgang Weinschrod.

City considers police station sites (Elko Daily Free Press)

ELKO ? A vacant commercial property site was added to the list of potential locations for a new police department during Tuesday?s Elko City Council meeting.

Assessment, budget relationship quizzed (Cheektowaga Times)

Taxes are expected to drop nearly 2.6 percent under Cheektowaga's 2008 tentative budget, but despite the tax break residents at Tuesday's budget public hearing questioned how the budget affects- and how it's driven by- residential and commercial property values.

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