Latest reports – Page 2925
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PropertyEU Archive
Swiss Life buys 5 care facilities from Hochtief
Development group Hochtief Projektentwicklung has sold five care facilities with a total of 309 beds in the German cities of Lahnau, Schwalbach, Heusweiler, Burladingen and Altenmünster to the life assurer Swiss Life. The companies agreed not to disclose financial details.
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News
OTPP offloads UK water company, but stresses commitment to infrastructure
Pension fund sells 26.8% stake to Hong Kong-based Cheung Kong Holding.
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News
CPPIB extends US property portfolio with eight new acquisitions
Canadian pension fund buys range of US assets through joint ventures.
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News
Property deal roundup: Valad, Blackstone, Savills, BA Pension Fund, London & Stamford, Aviva
Valad shareholders approve proposed AUD806m takeover by Blackstone affiliates.
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News
Property investors underestimating European sovereign crisis – JPMAM
New head of research and strategy Joe Valente highlights growing euro-zone risks.
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PropertyEU Archive
Aviva Investors launches four UK funds
Aviva Investors has announced the launch of four specialist real estate funds, which it says are aimed at addressing the current under-funding issues being experienced by UK pension schemes.
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PropertyEU Archive
Bank Austria finances EUR 110m portfolio deal in Vienna
Bank Austria, part of the Unicredit Group, has provided financing for Cimit Holding's acquisition of a portfolio of 53 residential and commercial buildings in Vienna. The EUR 110 mln transaction is one of the largest real estate acquisitions signed this year in the Austrian capital.
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PropertyEU Archive
Allianz teams up with Archstone in the US multi-family sector
Allianz Real Estate has launched a strategic real estate investment with Archstone in the US residential sector, starting with co-investments in two apartment communities. The Allianz investment commitment is over $200 mln (EUR 144 mln).
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PropertyEU Archive
British Land, Oxford appoint contractor for Cheese Grater project
British Land and Oxford Properties have appointed construction giant Laing O’Rourke as the main contractor for their flagship development project in the City of London, nicknamed the Cheese Grater.
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PropertyEU Archive
Terreis buys vacant office in Paris from Redevco
French REIT Terreis has acquired a 2,600 m[sup]2[/sup] office property in the 8th arrondissement of Paris from Dutch privately-held group Redevco for over EUR 17 mln.
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PropertyEU Archive
London & Stamford buys Tesco distribution unit for EUR 26m
London & Stamford Property has exchanged contracts to purchase a distribution unit in Harlow for £23 mln (EUR 26 mln), excluding costs, reflecting a property yield of 7.5%.
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PropertyEU Archive
Hamborner adds EUR 36m of assets to its portfolio
Germany's Hamborner REIT has announced the acquisition of two properties in Erlangen and Offenburg, bringing its total portfolio value to around EUR 487 mln.
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PropertyEU Archive
Kulczyk Silverstein Properties buys Warsaw office
Kulczyk Silverstein Properties (KSP) has announced its first purchase in Europe with the acquisition of the Stratos Office Center located in the central business district of Warsaw, Poland. The fully-let office complex, which was completed in 2000 and has a GLA of around 11,000 m2, was acquired from Pramerica Real ...
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PropertyEU Archive
CS Euroreal sells in Dortmund and Lille
Credit Suisse's CS Euroreal open-ended real estate fund has sold two properties in Dortmund, Germany and one asset in Lille, France in a bid to increase liquidity and meet investors' redemption demand.
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PropertyEU Archive
Henderson to develop mixed-use scheme in London's Soho
Henderson Global Investors has been given planning permission for a prime mixed-use scheme in the heart of Soho, in London, on behalf of its £700 mln (EUR 860 mln) Central London Office Fund I.
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News
Hines, NY State Common Retirement Fund forge $1bn partnership
Capitalised with $500m, new venture – Hines Corporation Properties II – to invest in offices.
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PropertyEU Archive
Tallest office block in Berlin sold to Episo and Caleus
Property fund Episo and its partner Caleus Capital Investors have bought the landmark Treptowers office building in Berlin from a subsidiary of Allianz Real Estate. Financial details were not disclosed. Berlin-Hannoversche Hypothekenbank provided financing for the transaction.
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PropertyEU Archive
F&C REIT hires asset manager
F&C REIT Asset Management, the direct property fund management business of the F&C Group, has appointed Chris O’Connell as an asset manager in the London office.
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PropertyEU Archive
Valad's shareholders back Blackstone takeover
Valad Property Group's shareholders have approved its takeover by two affiliates of Blackstone Real Estate Advisors in a deal that values Valad at roughly A$800 mln (EUR 150 mln). Some 95% of Valad shareholders backed the takeover bid at a shareholders meeting on Monday.
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PropertyEU Archive
RBS in EUR 210m Milan deal with Risanamento
Italian ailing property developer Risanamento has agreed the sale of two commercial properties in Milan to its creditor, Royal Bank Of Scotland (RBS), in a deal valuing the assets at over EUR 210 mln.
