Latest reports – Page 2858
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Magazine
Real reason why UK funds shun residential
The recent claim by Andrew Chapman, John Lewis pension scheme’s investment manager, that no scheme wanted to be exposed to reputational risks such as tenant evictions, and the solution would be to separate investment and asset management “so we weren’t held responsible in that way”, amounted to a request for ...
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Magazine
The holes in sustainable real estate
Sustainable real estate might stand more chance of becoming mainstream were it not for the absence of an industry-agreed benchmark, woeful inadequacy of data and perennial disagreement over who will pay for it.
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Magazine
Evolving European sale-and-leaseback market
The European sale-and-leaseback market has another player. FIDAC, the UK-based subsidiary of US REIT Annaly Capital Management, recently announced it had hired Northcliffe’s entire management team for a planned pan-European sale-and-leaseback surge. Citing a potential $4trn (€2.9trn) market, Northcliffe managing partner Alistair Calvert announced the imminent “largest expansion of sale-and-leaseback ...
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News
CITIC wins cornerstone investor for China second-city strategy
Hong Kong-based asset manager confirms Townsend Group as investor in first closing of fund.
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News
Pre-crisis property fund structures 'no longer fit for purpose' – PwC
Consultancy says funds designed for specific kinds of investors will emerge with market recovery.
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News
Irish government 'engaging' with pension funds on infrastructure
Admission follows on from call by ICTU for special purpose vehicle to attract scheme investments.
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PropertyEU Archive
Savills markets Irish resi development for receiver
Savills has announced the sale of one of Dublin's most famous luxury residential developments on behalf of receivers Grant Thornton.
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PropertyEU Archive
Invesco forecasts property values will hold up
Recent volatility may be reminiscent of the period following Lehman Brothers' collapse in 2008, but Invesco Real Estate forecasts that real estate will not be affected in the same way and values will hold up better than three years ago.
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PropertyEU Archive
Morgan Stanley ties up with MSS for Nordic acquisition drive
Morgan Stanley Real Estate has agreed a partnership with UK investor and fund manager MSS Real Estate to spearhead a major property acquisition programme in Scandinavia.
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PropertyEU Archive
Deutsche Bank mulls separation of RREEF property arm
Deutsche Bank is considering the spin-off of its RREEF alternative fund management arm in light of new regulation, associated costs and growing competition expected to impact on the business' growth prospects.
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PropertyEU Archive
Property industry slams EU financial transactions tax
Property lobbyists are set to do battle with the European Union amid growing fears it may try to impose a tax which would undermine the benefits of Real Estate Investment Trusts (REITs).
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PropertyEU Archive
Goodman develops industrial facility in Belgium
Sydney-listed global property group Goodman is to develop a 64,462 m[sup]2[/sup] turnkey facility for DIY manufacturer Stanley Black & Decker at Tessenderlo in Belgium. Goodman said it is the largest industrial facility to be developed in that country over the past three years.
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PropertyEU Archive
ULI Germany unveils Leadership Award winners in Frankfurt
Four leading figures in the German real estate industry were honoured with the 2011 ULI Germany Leadership Awards at ULI Germany's Urban Leader Forum in Frankfurt on Wednesday.
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PropertyEU Archive
WealthCap sells Berlin shopping centre for EUR 341m
German property investor WealthCap has signed a preliminary agreement with an unnamed buyer to sell the Gropius Passegen in Berlin for a total of EUR 341 mln. The 85,000 m[sup]2[/sup] scheme in the city's Neukölln district is owned by WealthCap's closed-end HFS Immobilien Deutschland 11 fund.
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PropertyEU Archive
Lone Star, Cerberus secure finance for Project Royal bid - report
Private equity firms Lone Star, Cerberus Capital Management and Colony Capital are reportedly leading the race to buy Lloyds' £1bn Project Royal loan portfolio, according to a news report in UK magazine Costar. The deadline for the second round of bids is said to be November 28.
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PropertyEU Archive
Knight Frank adds to Munich valuations team
Knight Frank has appointed Peter Kaiser as associate director to join the commercial valuation team in Munich. Kaiser previously worked at Hypo Real Estate Bank and Goldman Sachs' Archon Group in asset management and valuation.
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PropertyEU Archive
Credit Suisse raises EUR 188m for Swiss-listed global fund
Credit Suisse's global fund management arm has raised CHF 231 mln (EUR 188 mln) from both private and institutional investors for a new Swiss-listed fund investing exclusively in properties outside Switzerland.
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PropertyEU Archive
Blackstone backs Berggruen's bid for Kaufhof - report
Nicolas Berggruen, the Karstadt department store chain owner, has teamed up with US group Blackstone to mount an improved offer for Metro's Kaufhof unit, according to a news report in German newspaper Frankfurter Allgemeine Zeitung.
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PropertyEU Archive
Colliers to manage GE's Romanian logistics parks
Colliers International has been appointed property manager of Olympian Logistic Parks in Romania, a 45,000 m[sup]2[/sup] industrial portfolio owned by GE Capital Real Estate in partnership with Helios Phoenix.
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PropertyEU Archive
Futureal eyes five Polish projects
Budapest-based property developer Futureal is carrying out due diligence to buy five joint venture development schemes in Poland, Romania and Hungary, CEO Gabor Futó has told PropertyEU. The assets are a mix of office and retail schemes, but Futó declined to give further details until it was clear which deals ...
