Latest reports – Page 2726
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PropertyEU Archive
Peel Group to buy Lowry Outlet Mall
The Peel Group has reached an agreement with the Emerson Group for the purchase of the Lowry Outlet Mall at Salford Quays. The financial details were not disclosed but Property Week put the investment volume at about £70 mln (EUR 89 mln).
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PropertyEU Archive
Unite sells student property to Imperial College London
Unite, the London-listed developer and manager of student accommodation, has sold the Orient House property to Imperial College London. The sales price of £20.6 mln (EUR 26.1 mln) reflects a net initial yield of 5.6%
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PropertyEU Archive
Panattoni delivers logistics centre near Frankfurt
Logistis developer Panattoni Europe has delivered a new facility for Rudolph Logistics Group in Lorsch, near Frankfurt. Panattoni handed over the 12,400 m[sup]2[/sup] logistics facility following a development period of only seven months.
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PropertyEU Archive
Polish retail property delivery to reach 650,000m[sup]2[/sup] per annum: DTZ
Some 260,000 m[sup]2[/sup] of modern retail space was delivered in Poland during the first half of 2012, according to DTZ. The completions comprised 19 new projects, including 10 new shopping centres and four extensions, three stand-alone retail warehouses and two retail parks.
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PropertyEU Archive
Kennedy Wilson-led alliance acquires Irish loan portfolio
US property investor and services firm Kennedy Wilson has announced the acquisition of an Irish loan portfolio with an unpaid principal balance of EUR 361 mln together with its partner, the European Commercial Real Estate Group of Deutsche Bank AG.
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PropertyEU Archive
NSI in the red following writedowns on Dutch offices
Dutch listed property company NSI swung into the red in the first half of 2012 with net losses of EUR 45 mln compared to an after-tax profit of EUR 19 mln in the year-earlier period. The direct result was steady despite a lower occupancy level thanks to cost reductions. However, ...
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PropertyEU Archive
CBRE acquires assets for EDS mandate
CBRE Global Investors, the global real estate investment management firm, has won a £120 mln (EUR 152 mln) mandate from EDS Trustee Ltd, and has purchased four properties on behalf of the client for £18 mln.
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PropertyEU Archive
Deutsche Pfandbriefbank lifts profit in Q2 despite slowdown in new business
Pbb Deutsche Pfandbriefbank saw pre-tax profit rise 42% to EUR 30 mln in the second quarter of 2012 from EUR 21 mln in the first three months of the year. For the first six months, pre-tax profit - according to IFRS guidelines - amounted to EUR 51 mln.
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PropertyEU Archive
Aareal books flat earnings as new business surges
Aareal Bank reported consolidated operating profit rose slightly in the second quarter of 2012 to EUR 45 mln from EUR 44 mln in the year-earlier period. Including taxes and a EUR 5 mln payment to the German stabilisation fund Soffin for its silent participation, consolidated net income came to EUR ...
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PropertyEU Archive
Palmer Capital completes Invista takeover
London-based real estate company Palmer Capital has completed the acquisition of Invista Real Estate Investment Management. Invista shares on London's AIM junior market were cancelled on 13 August.
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PropertyEU Archive
Standard Life commits EUR 191m to Pooled Property Fund
Standard Life Investments' Pooled Property Fund has committed a total of £150 mln (EUR 191 mln) to acquisitions, sales and refurbishment projects across the fund's portfolio of retail, office and industrial properties in the first half of this year.
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PropertyEU Archive
IVG expects to break even by end-2012
IVG Immobilien reported a consolidated net loss of EUR 11. 2 mln for the second quarter, up 57% on the EUR 4.8 mln loss in the first three months of 2012.
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PropertyEU Archive
Romanian mall auction may not herald investment thaw
The sale of Liberty Center shopping centre in Bucharest last week isn't likely to signal the beginning of a thaw in the frozen Romanian real estate investment market. If anything it underscores the challenges facing the market.
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PropertyEU Archive
Risk aversion increases in European real estate: LaSalle
Risk aversion remains the dominant theme across European real estate markets, as highlighted in the LaSalle Investment Management mid-year 2012 Investment Strategy Annual update.
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PropertyEU Archive
AXA Real Estate leads European fund manager ranking
AXA Real Estate has maintained its lead as the biggest fund manager in Europe, according to a new survey by INREV in cooperation with its Asian counterpart ANREV. In total, the Paris-based fund manager had EUR 39.8 bn assets under management (AUM) as of end-December 2011.
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PropertyEU Archive
DLA Piper advises on Goldman Sachs building sale in London
International law firm DLA Piper has announced it advised Jones Lang LaSalle on the sale of Peterborough Court and Daniel House on Fleet Street in London. JLL, acting as receiver, arranged the sale of the buildings to restructure £450 mln (EUR 572 mln) of debt. The buildings are leased to ...
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PropertyEU Archive
Goodman, CPPIB create EUR 1.1b US partnership
Sydney-listed Goodman Group and the Canada Pension Plan Investment Board have created a logistics and industrial partnership called the Goodman North America Partnership. Goodman and CPPIB have targeted an equity amount of US$890 mln (EUR 1.1 bn) on a 55/45 basis, representing US$490 mln and US$400 mln respectively.
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PropertyEU Archive
European industrial real estate investment rebounds in Q2 2012
European logistics real estate investment made up ground in the second quarter of 2012 when EUR 2.2 bn was invested in logistics and industrial assets, according to the latest data from Jones Lang LaSalle. The result reflects a 56% increase compared to the relatively slow first quarter.
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News
Canada Pension Board pours $400m into US industrial real estate market
NORTH AMERICA – CPPIB teams up with Goodman to make first foray into direct US industrial.
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News
Iowa Public Employees Retirement System to expand into real estate debt
US – Pension fund sees opportunity for high risk-adjusted returns in high-yield debt.
