Latest reports – Page 3030
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News
USAA enters $400m apartment joint venture with Gables
GLOBAL – USAA Real Estate Company and Gables Residential Trust have formed a joint venture for the acquisition and development of apartments in the US worth a combined $400m (€295m).
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News
San Diego City to boost non-core real estate exposure
GLOBAL – The San Diego City Employees' Retirement System is set to increase its non-core exposure to real estate by $60m (€44.6m) over the next few years.
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PropertyEU Archive
NEIF makes first investment in Paris
Next Estate Income Fund (NEIF) has acquired an office project in the new district of Claude Bernard in the 19th arrondissement of Paris for around EUR 93 mln.
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PropertyEU Archive
PIK sells Park-City stake for EUR 56m
London-listed PIK, one of Russia's largest residential real estate developers, has sold its 32.5% share in the Park-City project in Moscow for about EUR 56 mln.
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PropertyEU Archive
Pace seeks partner for London project
Private property company Pace Investments has appointed Gresham Down and Savills to find a funding partner for its 21,400 m[sup]2[/sup] office development at Sugar Quay in the City of London.
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PropertyEU Archive
Pension funds urged to invest more in listed property
Pension funds should invest more in listed real estate, according to JP Morgan property stocks analyst Harm Meijer. It is a 'myth' that direct property investment is always less risky, he added.
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PropertyEU Archive
Tishman and Commerz to develop in Frankfurt
US developer and investor Tishman Speyer is joining forces with German fund manager Commerz Real to develop another major office property in Frankfurt, Germany.
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PropertyEU Archive
Harbert Management sells Nanterre scheme
US investor Harbert Management has sold the Clémenceau 2 office building at 215 Av George Clémenceau in Nanterre, France to UK financial giant HSBC. The multi-let building was divested for EUR 17.4 mln, excluding taxes.
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PropertyEU Archive
Moscow books strongest rental growth in 2010: King Sturge
Prime office rents in Moscow increased by more than 40% in 2010, marking the strongest rental growth increase in Europe, according to King Sturge’s latest quarterly European Property Indicators. Prime high street and warehouse rents rose at a slower pace, by 11% and 9% respectively.
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PropertyEU Archive
Sol Melia in EUR 49m hotel sale-and-leaseback
Spanish hotel chain Sol Meliá has announced the sale-and-leaseback of the Lebreros hotel in Seville, southern Spain. The 437-room property was sold to BBVA Renting for over EUR 49 mln. The hotel operator has also agreed to lease back the asset for a period of 12 years.
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PropertyEU Archive
EPRA vows to 'liberate' German property market
The European Public Real Estate Association (EPRA) has vowed to continue its campaign to grow the undersized listed real estate sector in Germany.
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PropertyEU Archive
Unibail-Rodamco buys Paris hotel from Starman
UK hotel investor Starman has sold its long leasehold interest and ownership of Le Meridien Montparnasse hotel in Paris to Franco-Dutch property group Unibail-Rodamco, the existing freeholder of the property. The financial details were not disclosed.
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PropertyEU Archive
Doughty Hanson jv to develop in London
Doughty Hanson & Co Real Estate and UK property developer and investor Terrace Hill have announced that they will begin construction on their joint office and residential scheme, One Howick Place in London, next month.
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PropertyEU Archive
Helaba appoints Kroeger as general manager of international lending
Michael Kroeger will assume the role of general manager for Helaba's International Real Estate Lending in February. He has acted as deputy in this role since 2010.
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PropertyEU Archive
UK country of honour at MIPIM
The 22nd edition of the MIPIM real estate fair in Cannes puts the spotlight on the British property industry. The fair - with the UK chosen as this year's Country of Honour - takes place on 8-11 March.
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PropertyEU Archive
Investment volumes to reach EUR 123bn in 2011: DTZ
Investment in commercial real estate across Europe reached EUR 95.9 bn in 2010, representing a 53% increase on the EUR 62 bn booked in 2009, according to DTZ Research in its latest Investment Market Update report.
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PropertyEU Archive
Pembroke expands European portfolio with first German buy
US private investor Pembroke Real Estate has announced its first acquisition in Germany with the purchase of a Grade-A office and retail property from developer and asset manager Bayerische Hausbau. Both companies have agreed confidentiality on the purchase price.
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PropertyEU Archive
Carlyle names new Italian real estate boss
Global private equity group Carlyle has announced the appointment of Valeria Falcone to the position of new country head real estate for Italy. Falcone will be responsible for selecting new investment opportunities in the market and for carrying out acquisitions for Carlyle Europe Real Estate Partners III (CEREP III), the ...
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PropertyEU Archive
Auchan considers purchase of Simon's GCI stake
French hypermarket group Auchan is mulling the acquisition of Simon Properties' stake in Gallerie Commerciali Italia (GCI) after the US-based retail specialist failed to find a buyer for the asset. According to well-informed market sources, in the past few months all interested parties have withdrawn from the acquisition in GCI, ...
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PropertyEU Archive
Max Property snaps up 29 London pubs for £43m
Jersey-based real estate investor Max Property Group has announced the acquisition of a portfolio of 29 pubs in and around central London for nearly £43 mln (EUR 51 mln). The properties were acquired in a sale-and-leaseback deal with pub operator Enterprise Inns which has agreed to take a 35-year lease ...
