Latest reports – Page 2732
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PropertyEU Archive
Orchard Street acquires Greenwich industrial estate for EUR 27m
Orchard Street Investment Management, a specialist UK commercial property investment manager, has exchanged contracts to purchase City Cross Business Park in Greenwich from Aviva Investors.
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PropertyEU Archive
Editor's choice: top real estate headlines worldwide
This week's top property news at a glance:
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PropertyEU Archive
British Land buys 50% of Eden Walk mall near London
UK REIT British Land has purchased a 50% stake in Eden Walk shopping centre in Kingston-upon-Thames, South West London, from Universities Superannuation Scheme (USS) for £41.5 mln (EUR 53 mln), reflecting a net initial yield of 5.35%.
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PropertyEU Archive
GLL acquires Paris office building
Munich-based investor GLL Real Estate Partners has purchased an office property in the central business district in the 8th Arrondissement of Paris.
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PropertyEU Archive
Standard Life builds CA$1 bn portfolio in Canada
Standard Life Investments has announced that the Standard Life Real Estate Fund now has over CD$1 bn (EUR 811 mln) in assets under management in Canada.
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PropertyEU Archive
Topland acquires tallest building in Wales
UK private investor Topland Group has acquired Capital Tower in Cardiff - the tallest building in Wales, for £12.3 mln (EUR 15.6 mln). The vendor was DTZ Investment Management.
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PropertyEU Archive
DIC Asset sells MainTor assets to German pension fund
German pension fund Ärzteversorgung Westfalen-Lippe (ÄVWL) has carried out a EUR 150 mln forward purchase of an office complex and a residential project in the MainTor Quarter which is being developed in Frankfurt by listed company DIC Asset.
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PropertyEU Archive
Appetite for 'big ticket' loans returns in Germany
German insurer Allianz has teamed up with German banks Aareal Real Estate and Helaba to provide a EUR 650 mln loan facility secured against Oberhausen-based shopping centre, Centro, in what is shaping up to be the biggest retail real estate loan of the summer.
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PropertyEU Archive
Union Investment spends EUR 62m on Helsinki office project
Hamburg-based real estate investor Union Investment has acquired Eventes Business Garden office development in the Helsinki metropolitan area for EUR 62.3 mln. The 14,133 m[sup]2[/sup] property is fully pre-let on a long lease and is being contributed to Union Investment's open-ended real estate fund UniImmo: Deutschland.
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PropertyEU Archive
Henderson secures extension for UK mall fund and launches capital raising
London-based Henderson Global Investors has secured a seven-year extension for its £650 mln (EUR 825 mln) flagship UK Shopping Centre Fund, giving it a further life of ten years. The Jersey-based property unit trust, which was established in July 2004, was originally due to terminate in 2014. The fund will ...
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News
Ohio Police & Fire rebalances core real estate portfolio
UNITED STATES – Pension fund reallocates $135m among existing property managers.
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News
John Lewis PF appoints Pramerica, changes RE benchmark
UK – Mandate includes greater focus on direct investments with real-return target.
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News
Partners Group in US industrial preferred equity deal
UNITED STATES – Investment grants priority over operator Westmount Realty Capital.
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News
Korea's NPS opts for bespoke global RE benchmark
GLOBAL – 18-month search culminates in seven-market solution created by IPD.
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News
'Exemplary' Olympics sustainability due to public sector management
UK – JLL says absence of public control could have 'compromised sustainability goals'.
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PropertyEU Archive
Altarea's EUR 1.2b fund closes on its first acquisition
AltaFund, the EUR 1.2 bn office property investment fund managed and operated by Altarea Cogedim, has made its first acquisition with the purchase of the Boulevard Raspail office building on the left bank of the Seine, in the sixth arrondissement of Paris.
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PropertyEU Archive
Banco Sabadell fund buys office for EUR 28m
Banco Sabadell Real Estate Fund (BS Inmobiliario) has emerged as the buyer of the corporate headquarters of Urbaser, the Spanish waste management company, for EUR 28 mln.
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PropertyEU Archive
Benson Elliot completes Berlin resi sale to Akelius
Akelius Berlin, the German subsidiary of Sweden-based Akelius Fastigheter, has purchased a Berlin residential portfolio from UK-based private equity real estate fund manager Benson Elliot Capital Management.
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PropertyEU Archive
Real IS buys Amsterdam development
German fund manager Real IS has acquired the Kavel 3 section of the Oosterdokseiland development project in Amsterdam from a consortium of developers represented by MAB Development Nederland. Financial details were kept confidential.
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PropertyEU Archive
KSP buys historic offices in Warsaw from Hochtief
Developer-investor Kulczyk Silverstein Properties (KSP), a joint venture of Kulczyk Real Estate and Silverstein Properties, has purchased two office buildings in central Warsaw for an undisclosed amount. The vendor is Hochtief's Polish development arm.
