Europe – Page 471
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News
RREEF enters German retail market
GERMANY - A RREEF-dominated consortium is to acquire 164 German properties housing Karstadt department stores, via a 49% stake in Canadian fund manager Highstreet.
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Protego seizes off-market opportunity to shop
FINLAND - Protego Real Estate Investors has acquired Helsinki’s Kamppi shopping centre for €452.5m in an off-market deal.
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MagazineNorthern light dims – slightly
Investors in Stockholm are waiting on the sidelines. Sub-prime fears persists but the city’s strong fundamentals may well see it weather the storm, as Lynn Strongin Dodds reports
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MagazineMarket report: Stockholm sizzles while other markets sweat
The Nordic economies have generally outperformed those in the rest of Europe historically, and this has been particularly marked in the last business cycle from the mid 1990s.
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MagazineReward for industry
Pension funds looking for a stable investment would do well to consider a sector that is too often overlooked, writes Christine Senior
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MagazineMarket report: France – lure of the south
The last five years have seen industrial property in France graduate from a niche sector to the mainstream investment market.
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News
Size mattered in UK property correction – L&G
UK - The speed with which the UK real estate market has corrected in recent months is partly because of the huge changes in its investor base, according to Legal & General’s latest fundamentals briefing in London on Tuesday.
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E&Y turns its spotlight on Germany
GERMANY - Real estate investors expect Germany to be the best performing European real estate market in 2008, according to a survey by Ernst & Young Real Estate.
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News
Maryland State to double real estate allocation
UNITED STATES - Maryland State Retirement Agency is doubling its targeted allocation for real estate from 5% to 10%.
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News
Ilmarinen to finance Sponda’s Russian expansion
FINLAND/RUSSIA - Finnish pensions provider Ilmarinen has signed a deal to part-fund property firm Sponda’s aggressive Russian expansion strategy.
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West Sussex mulls overseas move
UK - West Sussex local authority pension fund has reappointed Cushman & Healey in a £340,000 deal to manage its direct property portfolio.
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News
Developing Europe keeps investors local
EUROPE - Turkey and Russia now outclass other European property markets for both development and investment, indicating a shift away from “Old Europe” towards new holdings and developments, suggests a report co-published by the Urban Land Institute and PwC.
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News
Chicago Police eyes more real estate
UNITED STATES - Chicago Policemen’s Annuity and Benefit Fund has increased its allocation to real estate from 5% to 7%.
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News
APG and ATP back INREV index campaign
EUROPE - European pension funds have lent their weight to a campaign organised by the European Association for Investors in Non-listed Real Estate Vehicles (INREV), aimed at increasing transparency among unlisted property funds.
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News
Finland peers down from 10-year peak
FINLAND - Finnish real estate delivered the market’s strongest performance in a decade last year, returning 11.3% –an increase of 1.3% over the previous year, according to figures published by KTI.
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UK industry defends 'pretty good' valuers
UK - Fund managers have shored up the value of property indices against claims they adequately fail to reflect the market.
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UK property set to stabilise in summer
UK – The Real Estate Investment Trust Association (Reita) has become the latest industry body to forecast a mid-year pick-up in the UK property market.
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News
Fortis forms car pool with Vinci
EUROPE - Insurer Fortis is in exclusive talks with French firm Vinci to pool the firms’ European carpark assets in a joint venture.
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News
FSP raises the ceiling on property
DENMARK- Finanssektorens Pensionskasse, the Danish pension scheme forfinancial sector workers, is adding a hefty slice of property exposureto the unit-linked scheme now used by all new members.
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News
Kåpan eyes more real estate after poor year
SWEDEN – The SEK32.7bn (€3.5bn) Kåpan Pensioner scheme forgovernment employees booked a return of 2.1% for 2007, and now plans toincrease its real estate allocation to 10%.
