Group net current cash flow per share amounted to€1.98, also up 1.5% from €1.95 in the first half of 2015.
* Capital& Counties Properties Plc
The company also confirmedthat it will retain its venues business because it offers "a reliable andgrowing income stream" even if it is not a long-term core holding for thecompany.
Meanwhile, CapCo Managing Director and CFO Soumen Das is leavingthe company to serve as SEGRO's CFO.
* A property company owned by RedefineProperties Ltd. and Echo Investment SA is planning to list on thebourses of Luxembourg and Johannesburg in August and September, respectively.
Echo Polska Properties, according to a newsrelease, will have a €1.2 billion initial portfolio, made up of six officeand 10 retail properties across Poland.
* TH Real Estate secured €500 million at the firstclosing of European Cities Fund, a new diversified core, open-ended fund forreal estate assets in "future-proof cities" in Europe.
The equity commitments will allow the fund to build anapproximately €700 million portfolio, the company said.
* Meanwhile, AEW has raised€400 million in equity for LOGISTIS, bringing the total equity of the for grade A logisticsparks in continental Europe to €1.7 billion.
AEW said that the next focus of the fund will be onGermany and Benelux.
* Less than two months from when it Bilfinger's building, facilityand real estate units for €1.2 billion, Sweden's EQT is said to be preparing tosell portions of the new business.
PropertyInvestor Europe citedmedia reports saying that the retail and commercial buildings constructionbusiness will be sold, and that Strabag, Porr and Vinci are interested inbidding.
* According to Westfield Corp.'s head of development for the U.K., JohnBurton, the company's planto build 1,225 homes near its Stratford City shopping mall in east London willhave private-rented-sector units, CoStar U.K. reportedBurton as saying.
* S&P Global Ratings said that it expectsInterContinental Hotels Group Plc'scredit metrics to weaken in 2016 due to its divestments in Hong Kong and Paris,which is why it changedits assessment of InterContinental's financial risk profile to significant fromintermediate.
The rating agency affirmed the company's BBB long-termcorporate credit rating with a stable outlook.
* PrologisInc. completed itsdivestment of a 400,000-square-foot portfolio of logistics properties inDaventry, London, to the London Pensions Fund Authority.
* StarwoodHotels & Resorts Worldwide Inc. will open its first SheratonGrand hotel in London with the Sheraton Grand London Park Lane, which isundergoing a complete overhaul for an October opening, according to anews release.
* Peel Hunt analysts cited by London's Financial Times saidthat property prices in the U.K. capital are expected decline by up to 10% dueto Brexit.
* Bruntwood and the Central Manchester UniversityHospitals NHS Foundation Trust are planning a £60 million expansion of theCitylabs science park in Manchester, U.K., accordingto Property Week. The extension willyield 205,000 square feet of office, laboratory and collaboration space.
* A pair of proposals for hotels in Dublin wasrejected by the Dublin City Council due to the developments' heights, the Irish Independent reported.
Rhatigan Group wanted to add 10 stories to the Radisson Blu hotel atGolden Lane, while Wave Point Ltd. proposed to build a seven-story hotel.
* Foncière des Régions said that it and Assurances du Crédit Mutuel secured alease and property development deal for a new Club Med Village inSamoëns-Morillon in the Haute Savoie. The partners agreed to fund the €96million project equally.
* Tishman Speyer bought back the in La Defense, Paris, fromDexia, PIE reported.The purchase price was not disclosed, but the publication said that the31-floor office is valued at over €300 million.
MiddleEast and Africa
* STR said that hotels in the Middle East saw anegative second quarter, with occupancy, average daily rate and RevPARrespectively falling 5.5%, 3.0% and 8.3% year over year.
Meanwhile, occupancy and RevPAR declined 8.5% and1.0%, respectively, year over year in Africa, while average daily rate was up8.3% in the period.
* JLL data showed that prime rents and sales prices inAbu Dhabi declined in the second quarter, compared to a year ago, partlyattributable to job cuts in the city, ArabianBusiness reported.
OtherReal Estate News
German company Real I.S. AG to unveil a real estate fund witha portfolio of retail, logistics and office assets in the Australian cities ofBrisbane, Melbourne and Sydney.
The Australia-focused property fund will provideinstitutional investors with some refuge from declining returns in the U.S. andin Europe, where Real I.S. sees fewer investment opportunities compared withAustralia.
TheDaily Dose Europe, Real Estate edition, is updated as of 6:30 am London time.Some links require a subscription. Articles and links are correct as of publicationtime.