Latest reports – Page 2854
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News
Tesco pension fund has appetite for non-core real estate strategies
New property head Jenny Buck to seek higher returns from asset class outside of core.
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PropertyEU Archive
Stam eyes EUR 400m closing for Stam REI IV
French fund manager Stam Europe is seeking to raise EUR 400 mln of equity for its fourth European value-added fund, which is expected to hold its first close in the first quarter of 2012.
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PropertyEU Archive
Bilfinger Berger unit buys 75% of Dutch-owned Actys
EPM Assetis (EPM), a subsidiary of German listed company Bilfinger Berger, has made a strategic investment in Dutch commercial property manager Actys Holding with the purchase of 75% of Actys' shares.
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PropertyEU Archive
Irish bank gears up to sell EUR 1.4b in property loans - report
State-controlled lender Allied Irish Banks is mulling the sale of up to EUR 1.4 bn of property loans made on homes, offices and shops across Ireland, according to a news report in the Financial Times.
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PropertyEU Archive
French insurer makes first major 'green' property buy
French insurance firm Mutuelle d’Assurances du Corps de Santé Français (MACSF) has agreed to buy the Via Verde office development in the Terrasses district of Nanterre, France, from the development arm of BNP Paribas Real Estate for an undisclosed amount.
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PropertyEU Archive
AXA denies reports of EUR 600m Catalan purchase
AXA Real Estate denied reports on Monday that it has been selected as the preferred buyer for a porftolio of commercial assets being sold by the Catalan government.
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PropertyEU Archive
French office REIT FPF rejects fresh bid
The new offer submitted by Paris Hôtels Roissy Vaugirard (PHRV) for French listed office landlord Foncière Paris France is still 'significantly below the company's intrinsic value', FPF said in a statement. The company will call a general meeting to issue a new recommendation to shareholders, it added.
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PropertyEU Archive
LaSalle buys Stockley Park offices at 8.8%
LaSalle Investment Management has completed the purchase of a Stockley Park office block in Uxbridge, Greater London, for £22 mln (EUR 26 mln), reflecting a net initial yield of 8.82%. The vendor was Invista Real Estate.
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PropertyEU Archive
CBRE Investors buys shopping mall in Liège
CBRE Global Investors has bought Galeries Saint Lambert in the Belgian city of Liège from Credit Suisse Asset Management's frozen German open-ended fund, CS Euroreal. Financial details were not disclosed.
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PropertyEU Archive
EBS REMI, Corestate launch distressed debt research platform
Swiss private equity firm Corestate Capital is teaming up with the Real Estate Management Institute (REMI) of Germany's EBS University to launch a new research platform on distressed real estate debt aimed at helping corporates to cope with 'the imminent financing freeze'.
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PropertyEU Archive
HSH Nordbank to triple new lending in 2012
German property financier HSH Nordbank said it plans to boost new lending by close to EUR 3 bn in 2012 following an expected new business volume of EUR 1 bn this year.
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PropertyEU Archive
Pramerica, Paris Inn form JV to invest in Paris hotels
Pramerica Real Estate Investors and Paris Inn Group said on Monday that they are joining forces to invest in Paris hotels and have already acquired two first assets for more than EUR 30 mln.
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PropertyEU Archive
Middle Eastern investor buys 2 London hotels
Capital Hill Hotels Limited, a Middle Eastern hotels investor, has completed the acquisition of two London hotels for for £192 mln (EUR 224 mln). The vendors of St Martins Lane hotel and Sanderson hotel are Morgans Hotel Group Co and an affiliate of Walton Street Capital.
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PropertyEU Archive
Altarea office fund raises EUR 600m
French listed group Altarea Cogedim has announced its first office property investment vehicle, AltaFund, raised EUR 600 mln in total equity commitments in its final closing. The fund was 20% oversubscribed. In March the fund raised EUR 350 mln during an initial close.
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News
Pension funds 'will not invest in water in medium term'
Paper urges separation of utility, infrastructure investments to attract institutional interest.
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News
Swiss pension funds 'will go global' over fears of domestic bubble
Credit Suisse says that while risk in domestic market low, economic centres risk bubble.
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News
Hotels 'compelling' as focus shifts from office to retail — Invesco
Company switches focus from European office to retail over next 12 months.
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News
UK residential sector to follow UNITE model – Grainger
Fund manager predicts rented residential to claim 30% of London market within five years.
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AnalysisNews analysis: Is it time for pension funds to ditch benchmarks?
Should property benchmarks be the cornerstone of investment or viewed with scepticism?
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News
HSH Nordbank cuts international real estate for EU aid
The bank, recipient of bailout, to no longer lend to property investors outside core German market.
