All articles by Daniel Brooksbank – Page 4
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News
Protego taps PGGM exec for Dutch push
NETHERLANDS – Protego Real Estate Investors has hired Peter de Haas, senior portfolio strategist for real estate at Dutch healthcare fund PGGM, to head its new Dutch office. He is to join the firm founded by Iain Reid, the former head of Abe...
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Colonia buys 1,600 Hamburg apartments
GERMAN - Colonia Real Estate AG has bought roughly 1,600 apartments in the Hamburg area for less than €40m. The Cologne-based firm said it acquired the residential portfolio through its wholly owned subsidiary CRE Wohnen GmbH. It’s...
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Townsend and Watson in US real estate tie
US - The Townsend Group is to provide real estate consulting services to clients of investment consultant Watson Wyatt in the US. Under the deal Townsend will be the exclusive real estate contractor to Watson Wyatt Investment Consulting. It will p...
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CalPERS, LaSalle in $3.4bn Chicago deal
US – The California Public Employees' Retirement System and LaSalle Investment Management are to buy Chicago-based real estate investment trust CenterPoint Properties Trust in a $3.4bn deal. CalEast Industrial Investors – whose members...
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London Merchant to demerge investment arm
UK – James Wilson, managing director at US private equity firm Boston Ventures, is to head the spun-off investment arm of developer London Merchant Securities. LMS said it plans to demerge its investment division – Investco – fro...
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Pan-European PREFF now 65% invested
EUROPE – The Pan-European Real Estate Fund of Funds is now 65% invested and still open for UK institutions, says investment adviser OPC, Oxford Property Consultants. OPC said the euro-denominated PREFF is the first core/core-plus real estate...
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Rockpoint closes $1.7bn fund
GLOBAL - Rockpoint Group says it has closed its third discretionary real estate fund with $1.7bn (€1.4bn) in commitments. The Rockpoint Real Estate Fund II’ investors include large US public and corporate pension funds and endowments, ...
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Invesco Real Estate hires JLL’s Kókai
GLOBAL – Invesco Real Estate has hired Jones Lang LaSalle Hotels vice president Ascan Kókai as its new assets and acquisitions manager for hotels and leisure. Invesco said Kókai, a German national, has 13 years experience in the ho...
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Italian bank pension fund to sell real estate
ITALY – The Banca Commerciale Italiana pension fund is seeking expressions of interest for its almost 300,000-square metre real estate portfolio. The Fondo Pensioni per il Personale della Banca Commerciale Italiana is the scheme for the bank...
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AXA REIM investment chief Depoux joins SFL
GLOBAL – Philippe Depoux, global head of investments at AXA Real Estate Investment Managers, has joined rival firm Société Foncière Lyonnaise as deputy managing director and chief operating officer. Depoux, 44, will report dir...
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Japanese investors eye real estate opportunities
JAPAN - Almost all institutional real estate investors in Japan are planning to look for new investment opportunities in the next year, according to a survey. The twice-yearly Japanese Real Estate Investor Survey quizzed 89 firms in October and fo...
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Rodamco boosted by Jones Lang revaluation
EUROPE - Dutch-based real estate group Rodamco Europe has seen a more than 240% boost in shareholder profit after Jones Lang LaSalle revalued around 70% of its portfolio. The Rotterdam-based firm said JLL's revaluation led to a €719.5m incre...
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Substantial yield differences seen across Europe
EUROPE - Real estate measurement firm IPD, Investment Property Databank, has found “substantial” differences in the yields of investment property in Europe. “Despite a benign environment of low inflation and low interest rates ac...
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Corio to invest $500m in Turkish retail market
NETHERLANDS - Dutch real estate firm Corio is planning to invest some $500m (€427m) into Turkish retail real estate market in the next three years. “Corio aims at investing approximately $500m in Turkey within the next three years, whi...
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LaSalle's Lewis joins Cordea Savills
UK - LaSalle Investment Management's Chris Lewis is to join Cordea Savills in January next year as director of UK fund management. Cordea said Lewis brings experience of managing segregated mandates for corporate pension schemes and a track record...
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AXA REIM opens Budapest office
HUNGARY - AXA Real Estate Investment Managers has opened an office in Budapest, headed by former DTZ executive John Verpeleti. AXA said the initial acquisition focus would be on the Czech Republic, Hungary, Poland and Slovakia. "The team will...
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ING Real Estate portfolio rises 28%
GLOBAL - ING Real Estate's total portfolio has risen by almost 28% to €64bn, parent ING Group said. "ING Real Estate's total portfolio, including real estate finance, increased 27.7% to €64bn at the end of September 2005 from S...
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Aareal commitments rise 23% as loss narrows
GERMANY - German real estate bank Aareal says new commitments rose 23% in the first nine months of the year to €5bn - and losses narrowed. The Wiesbaden-based outfit said: "A rise of 59.8% was posted over the third quarter of 2004 alone...
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UK REIT uncertainty “overdone” – Merrill Lynch
UK – Uncertainty over real estate investment trusts in the UK is “overdone” Merrill Lynch reckons. “We think fears and uncertainty on bonds, yield compression, consumption and REITS, are all overdone,” Merrill said in a research note. “There ha...
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ING Real Estate management shakeout
NETHERLANDS - Jan Eijkemans, general manager of ING Real Estate Development, has quit to make room for new management at the unit. The departure is the second senior figure to leave recently. In September, Paul Trip, chief executive of development...
