Latest reports – Page 2999
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Magazine
Maintaining real value
Pension funds and charities differ in their allocations to property, writes James Thornton
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PropertyEU Archive
Union suspends UniImmo Global due to Japan nuclear crisis
Hamburg-based Union Investment Real Estate has temporarily suspended redemption of units for its open-ended real estate fund UniImmo, citing the nuclear tragedy in Japan.
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PropertyEU Archive
First Atlantic to close Rinascente deal by end-March
Italian fund manager First Atlantic Real Estate is expected to close the acquisition this month of the historic Rinascente building located in Milan's Piazza Duomo for some EUR 460 mln, representing a yield of 5%, well-informed market sources have told PropertyEU.
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PropertyEU Archive
C&W to lease Eurocentrum project in Warsaw
Global commercial real estate advisory firm Cushman & Wakefield (C&W) has been appointed to market the space of the Eurocentrum office development project, located on Jerozolimskie Avenue in Warsaw.
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PropertyEU Archive
Private equity duo to sell EUR 660m property firm
Swedish private equity firms Altor Equity Partners and Bure Equity have announced plans to start the sales process of their real estate company Norrvidden, which owns assets worth at SEK 6.4 bn (EUR 660 mln) in the country.
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PropertyEU Archive
Aberdeen AM presses ahead with 3rd Asian FoF
Despite the ongoing catastrophe in Japan, Aberdeen Asset Management is pressing ahead with its plans to launch a third Asian fund of funds this year, according to Alessandro Bronda, head of global property at Aberdeen Asset Management.
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PropertyEU Archive
Delancey buys industrial estate in the UK
UK property investment advisor Delancey has acquired the freehold interest in the West Hallam Industrial Estate, Derbyshire, UK for nearly £19 mln (EUR 22 mln) deal from Douglas Bay Capital. The purchase price reflects a net initial yield of 8.6%.
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PropertyEU Archive
Commerzbank to sell Silberturm in Frankfurt - report
German financial group Commerzbank is planning to sell the flagship Dresdner Tower in Frankfurt which previously housed the head office of its Dresdner banking arm, the Financial Times Deutschland has reported. The property is said to be valued at around EUR 400 mln.
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PropertyEU Archive
Caja Madrid sells and leases back Spanish portfolio
Bankia, the Spanish savings banks conglomerate that was formed in December 2010, has completed the sale and leaseback of a portfolio of eight Caja Madrid office properties to a partnership of Drago Capital and Grupo Atitlan. The transaction price amounts to around EUR 22 mln.
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PropertyEU Archive
Metrovacesa postpones debt payments
Spanish property group Metrovacesa has reached an agreement with 90% of its lenders to postpone debt repayments on its EUR 5.7 bn of debt.
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PropertyEU Archive
AFI Development opens largest mall in Moscow
AFI Development has announced the opening of the Mall of Russia, its flagship retail project in Moscow. The scheme has more than 200 stores fully operating including Marks & Spencer, Eldorado, L'etoile, Douglas Rivoli, U.S. Polo, Esprit, Swarovski, Dream Store, Nokia, InCity, Fabi, Baldinini, Mango, and Zara.
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News
INREV updates classification for non-listed property
Refines original framework from 2004, which classified styles as core, value-added or opportunity.
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News
EPISO buys into Prague logistics through VGP joint venture
EPISO, co-advised by AEW Europe and Tristan Capital, takes 80% ownership of semi-industrial complexes.
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News
Duet raises public, private money for mezzanine strategy
Company raises £50m after listing Duet Real Estate Finance on London Stock Exchange.
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News
TAN-EU/SOCAM €280m club targets Chinese special situations
Fund manager TAN-EU Capital and Chinese developer SOCAM enter JV to set up $400m club vehicle.
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News
Thursday people roundup
Allianz, Simon Property, First State, Alpha Real Capital, Savills, Cordea Savills, Redevco
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News
Dubai property market to bottom out within year, says JLL
Research by Jones Lang LaSalle shows transaction volume, rents to fall.
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News
Stonelake Capital to raise fund for real estate investment
Investment firm aims to raise $125m for private equity fund, according to SEC filing.
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PropertyEU Archive
Duet in £75m second close for European debt fund
Duet Private Equity has announced a second close of £75 mln (EUR 86 mln) for its European Real Estate Debt Fund. The additional investments have come through a £50 mln listing of Duet Real Estate Finance, a company that will be listed on the London Stock Exchange, and £25 mln ...
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PropertyEU Archive
Rayet sells stake in Eiffage for EUR 51m
Spanish property company Rayet has sold a 1.39% stake in French construction group Eiffage for EUR 41 per share, reducing its interest in the company to as little as 0.2%. The company divested 1.25 million Eiffage shares raising a total of over EUR 51 mln.
