Latest reports – Page 2998
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PropertyEU Archive
GSW plans to launch IPO in Q2
Germany's GSW Immobilien said that it plans to go public with a listing of its shares on the Berlin and Frankfurt stock exchanges in the second quarter of the year.
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PropertyEU Archive
British Land buys Mayflower retail park for £51m
UK REIT British Land has purchased Mayflower Retail Park on the edge of the Basildon town centre in Essex from Scottish Widows Investment Partnership (Scottish Widows) for £51 mln (EUR 59 mln). The purchase price represents a net initial yield of 6.3%, rising to 6.9% upon letting of the park's ...
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PropertyEU Archive
IntReal prepares five new funds with EUR 1.5b of assets
IntReal - the specialist fund administration unit of Warburg-Henderson - is poised to launch five further funds with an estimated investment volume of EUR 1.5 bn in the near term.
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PropertyEU Archive
Grainger buys 50% stake in £285m portfolio
UK quoted residential property company Grainger has acquired Genesis Housing Group's 50% share in Grainger GenInvest Partnerships along with associated loan notes for a total of £15 mln (EUR 17 mln), financed out of existing company resources.
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PropertyEU Archive
GI Partners buys UK specialist care business
Private equity firm GI Partners has announced the £28 mln (EUR 32 mln) acquisition of Advanced Childcare (ACL), a provider of outsourced children's care and education services in the UK, from Bowmark Capital, the mid-market private equity fund.
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PropertyEU Archive
Corestate buys EUR 85m distressed German portfolio
Swiss private equity investor Corestate has teamed up with an unnamed investment fund to acquire a portfolio of 153 residential assets located in the Rhine Ruhr region of Germany valued at EUR 85 mln. The purchase of the 2,100 residential units was financed 'on competitive terms' by an unnamed German ...
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News
Japan crisis causes Union Investment to freeze redemptions
UniImmo: Global fund said it had no option but to suspend redemptions, due to 14% Tokyo exposure.
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News
IPD introduces 'investable' European funds index
Indices claim to be first ever 'investable' pooled property fund index, based on 18 European funds.
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News
L&G Property raises new capital and extends life of Leisure Fund
Fund manager also given permission to extend fund's life by six years to 2020.
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News
Prupim to outsource UK services as it eyes global funds expansion
Exclusive discussions underway with CB Richard Ellis, as Prupim aims to expand third-party fund management.
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PropertyEU Archive
Ciloger buys into Parisian retail for EUR 29m
French investment manager Ciloger has invested nearly EUR 29 mln in the acquisition of two high-street retail assets in Paris from IVG Institutional Funds. The assets are located at 13/15 rue du Commerce in the 15th arrondissement of Paris.
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PropertyEU Archive
ING REF funds WP Carey's Dutch buy
ING Real Estate Finance (ING REF) has agreed to provide a EUR 70.5 mln funding to WP Carey's publicly-held, non-traded REIT affiliates CPA®:15 and CPA®:17 - Global. The debt facility will be used to finance WP Carey's EUR 155 mln acquisition of six distribution centres formerly owned by ...
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PropertyEU Archive
Limited fallout from Japan crisis on German funds
Union Investment's move to temporarily suspend redemption of units for its open-ended real estate fund UniImmo has not so far had any followers from other German real estate funds with assets in Japan. The Hamburg-based open-ended fund manager announced the move late last week, citing the nuclear crisis in Japan.
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PropertyEU Archive
Wainbridge buys three UK office assets
Property investor, developer and asset manager Wainbridge has completed the acquisition of three office assets, located in Central London, Croydon and Bristol, for a total consideration of £39 mln (EUR 45 mln). The properties were acquired on behalf of its real estate fund, Wainbridge Global Opportunities London Limited (WGOL).
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PropertyEU Archive
IPD sets up cross-border property funds index
Investment Property Databank (IPD) has launched its first 'investable' pan-European property index to track the quarterly performance of 18 cross-border European property funds open to investors. The IPD Pan-European Property Fund Indices, published on Monday with a seven-year quarterly history, consists of a small cohort of funds with an aggregate ...
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PropertyEU Archive
F&C REIT eyes EUR 500m German acquisition spree
European investment manager F&C REIT is planning to invest some EUR 500 mln in German core and core plus real estate on the back of strong client demand for this type of product, Zvi Noé, director of investments, told PropertyEU in an interview.
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PropertyEU Archive
CS Euroreal sells in Milan
Credit Suisse Asset Management has announced that its open-ended CS Euroreal fund has divested an office building located at Via Pergolesi 25 in central Milan, Northern Italy, to Italian REIT Beni Stabili. The property, which was worth EUR 22 mln according to the latest appraisal, was disposed for EUR 25 ...
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PropertyEU Archive
Henderson to expand Italy's Barberino Designer Outlet
Henderson Global Investors (HGI) said on Monday that it has received the go-ahead from the municipality of Barberino del Mugello to start building works on the second phase of its Barberino Designed Outlet. Phase II will expand the retail space by 6,000 m[sup]2[/sup] to a total of 27,000 m[sup]2[/sup] and ...
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PropertyEU Archive
LGP to forward fund Westgate leisure development
Legal & General Property (LGP) has agreed to acquire the Westgate leisure development project in Aldershot, south-west of London, and to provide development funding of £51 mln (EUR 58 mln) to the scheme in partnership with Citygrove Securities and Rushmoor Borough Council.
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PropertyEU Archive
Hines buys London's Stonecutter Court for £91m
US developer and investor Hines has acquired the Stonecutter Court office complex located on a full city block on Farringdon Street in the heart of London from Shalati Investments Limited, a partly-owned subsidiary of Delek Global Real Estate. The acquisition amounts to around £91 mln (EUR 104 mln) and is ...
