Latest reports – Page 3033
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PropertyEU Archive
Jones Lang LaSalle moves into Switzerland
Jones Lang LaSalle has confirmed that the Swiss-based Sal. Oppenheim Real Estate team will join the property advisory group on 1 February 2011. The addition of 11 established real estate professionals means that Jones Lang LaSalle will now have an 'on the ground' presence in Switzerland with a fully owned ...
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PropertyEU Archive
Emerging Asia leads in 'green' solutions
Emerging Asia leads the world in the implementation of sustainable real estate solutions finds the Q3 2010 RICS Global Property Sustainability Survey.
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PropertyEU Archive
Invesco starts buying for UK fund
Invesco Real Estate (IRE), the international property investment manager, has completed the first acquisition for its third UK fund of a retail property in Bromley, South-East London for £17.05 mln (EUR 20 mln). The property is predominantly let as a department store to British Home Stores, with an office component ...
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PropertyEU Archive
Reyal Urbis sells Madrid hotel for EUR 23m
Spanish property company Reyal Urbis has announced the sale of its 83% stake in the Tryp Ambassador hotel in the centre of Madrid for around EUR 23 mln, including nearly EUR 19 mln of net equity. The buyer is Caixa Renting, part of financial group La Caixa.
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PropertyEU Archive
David Dintilhac joins Savills' property management team in France
International real estate advisor Savills has strengthened its property management team in Paris with the appointment of David Dintilhac.
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News
Invesco boosts real estate assets with AIG deal
ASIA – Invesco Real Estate has taken over AIG Real Estate's Asian fund and asset management business, with around €2.7bn in assets under management and 60 employees.
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News
Monday people roundup
GLOBAL – LaSalle Investment Management, Union Investment, Activum, IC Immobilien Holding, Land Securities, Citycon
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News
ING REIM confirms sale talks, CBRE tipped as front-runner
GLOBAL – ING Real Estate Investment Management has confirmed it is in discussions with "several parties" on a possible sale of parts of its business after media reports claimed CBRE was the front-runner in the bidding process.
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News
ING Clarion buys mixed use property in New York City
GLOBAL – ING Clarion Partners has bought the 90,000 square foot 636 Avenue of the Americas in New York City in a deal worth $42.5m (€32m).
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News
Finland's Varma to scale back domestic real estate investment
FINLAND – Varma Mutual Pension Insurance Company is expected to slow its domestic real estate investment programme in 2011, following two years of intense activity, citing rising vacancies and an influx of foreign investors.
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PropertyEU Archive
Predica, FdM complete EUR 378m deal with Accor
Crédit Agricole's Predica unit and French real estate investment trust Foncière des Murs (FdM) announced that their 80/20 partnership has finalised the EUR 378 mln acquisition of a portfolio of 49 hotels from the Accor group.
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PropertyEU Archive
Goddman sells buildings in Hampshire business park
Global property group Goodman has sold a number of buildings at its Solent Business Park, Fareham, Hampshire, to COIF Charities Property Fund for an undisclosed sum. The deal incorporates the sale of six adjacent buildings for a combined 5,600 m[sup]2[/sup] within the first phase of development on the 232,000-m[sup]2[/sup] park. ...
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PropertyEU Archive
Chinese Estates acquires Goldman Sachs' London HQ
Chinese Estates has acquired River Court, the larger of the two buildings which make up Goldman Sachs' European headquarters on Fleet Street in the City of London. The Hong Kong-listed property group run by billionaire Joseph Lau paid about £280 mln (EUR 334 mln), reflecting a net initial yield of ...
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PropertyEU Archive
German investment reaches EUR 19bn in 2010: CBRE
Commercial real estate investment turnover in Germany grew to EUR 19.1 bn in 2010, an 83% increase on the total turnover recorded in 2009, according to the latest data published by CB Richard Ellis (CBRE). The growth in investment stems from rapid economic recovery and sustained investor confidence in the ...
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PropertyEU Archive
Auchan sells and leases back Italian HQ for EUR 63m
Italian REIT Beni Stabili has acquired Auchan's Italian headquarters in Assago Milanofiori, near Milan in a EUR 63 mln sale-and-leaseback transaction with the French retail group.
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PropertyEU Archive
ING talking to 'several parties' about REIM sale
Dutch financial group ING has said that it is in discussions with 'several parties on a possible sale of parts' of ING Real Estate Investment Management. These discussions, it said, are taking place within the context of an evaluation of the position of the property fund management business within ING's ...
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PropertyEU Archive
HGI sells Telstar House for EUR 116m
Henderson Global Investors has agreed the sale of Telstar House, Eastbourne Terrace in London for £97 mln (EUR 116 mln), reflecting a net initial yield of 5.1%. The property is let to Rio Tinto European Holdings and has been sold to a private Jersey company.
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PropertyEU Archive
Eurohypo provides EUR 107m facility to Derwent London
German commercial real estate lender Eurohypo has provided a £90 mln (EUR 107 mln) secured facility to UK REIT Derwent London. The seven-year facility replaces existing facilities and is initially secured against two assets.
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PropertyEU Archive
Valad names Clem Salwin as acting CEO
Sydney-listed Valad Property Group has appointed Clem Salwin as acting CEO with immediate effect. The appointment follows the receipt of an indicative, incomplete offer in mid-December for Valad's European business from a consortium of Valad management personnel, including managing director Peter Hurley. As a result of his involvement in the ...
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PropertyEU Archive
LaSalle appoints Martin Jochem as joint MD of German KAG
LaSalle Investment Management has announced the appointment of Martin Jochem as joint managing director of the newly licensed investment vehicle La Salle Kapitalanlagegesellschaft (LaSalle KAG) in Munich, Germany.
