Latest reports – Page 3038
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PropertyEU Archive
BNP Paribas launches new fund in Italy
BNP Paribas has officially launched its new fund Fondo Immobiliare - Comune di Milano II following the signing, at the end of December 2010, of an agreement with the Municipality of Milan, which is providing 50% of the real estate assets.
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PropertyEU Archive
King Sturge sees sentiment cooling in Germany
Notwithstanding the upward trend of the German economy as a whole, the December poll for the King Sturge Real Estate Economy Index suggests that sentiment in the real estate industry has cooled off slightly towards the end of 2010. In December, the survey-based Real Estate Climate dropped by 1.6% to ...
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PropertyEU Archive
Institutional investors return to Spanish market
Institutional investors are returning to the Spanish market after two years of virtual absence in the wake of the credit crisis. 'The year 2010 has been a much more traditional investment year in the sense that there were more institutional investors involved than in 2008 and 2009 when private investors ...
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News
Ohio Police & Fire issues redemption queues on open-ended funds
GLOBAL – The Ohio Police & Fire Pension Fund has decided to issue redemption queues for two open-ended commingled funds in which it has invested.
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News
CalPERS transfers National Office Partners portfolio to CommonWealth
GLOBAL – The California Public Employees Retirement System (CalPERS) has transferred its National Office Partners real estate portfolio from Hines to CommonWealth Partners.
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News
APG makes joint bid for ING's €1.9bn Australian property fund
NETHERLANDS – The €266bn Dutch asset manager APG is part of a syndicate bidding for a €1.9bn ING property fund.
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News
Dutch pension funds offload Rotterdam courts to GBA
NETHERLANDS – A group including Dutch pension funds KPN and TNT has sold the Wilhelminahof offices and courts complex in Rotterdam for €220m to the Dutch Government Buildings Agency (GBA).
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News
Invesco-Ciloger partnership acquires German properties for French institutions
EUROPE – Invesco Real Estate and Ciloger have acquired 10 newly built retail assets in Germany for €218m on behalf of seven French institutional investors.
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News
Insurers commit to European debt through AXA Real Estate
EUROPE – AXA Real Estate Investment Managers has secured €1.5bn in insurance company capital to provide European real estate financing.
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News
Switzerland's AFIAA takes profits from Canadian investments
GLOBAL – AFIAA, the foundation owned by 20 Swiss pension funds, has sold three assets in Canada as part of an optimisation of its global real estate portfolio.
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News
Danish roundup: ATP, PensionDanmark, Magillum Properties, EY-Tower
DENMARK – The property arm of Danish pensions giant ATP has teamed up with labour market fund PensionDanmark to buy three department store buildings in the country's biggest real estate deal of 2010.
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PropertyEU Archive
EBP sells two shopping centres in Romania for EUR 5
East Balkan Properties (EBP) has sold its 51% interest in Balkan Properties Cooperatief, the owner of the Vitantis shopping centre and the Moldova Mall in Romania, for a nominal price of EUR 5 in cash.
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PropertyEU Archive
Henderson Global Investors boosts Birmingham Fort stake
Henderson Global Investors has acquired a further 12.5% stake in the 300,000 sq ft Birmingham Fort Shopping Park for £26.25 mln (EUR 31.13), increasing its interest in this asset to 50%.
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PropertyEU Archive
Credit Suisse sells EUR 2.1b loan portfolio to Apollo at 60% discount
Credit Suisse has completed the sale of a EUR 2.1 bn portfolio of distressed property loans to Apollo Management for less than EUR 900 mln, two well-informed sources confirmed to PropertyEU.
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PropertyEU Archive
Hansteen PUT buys Birmingham business park
London-listed Hansteen Holdings announced that Hansteen Property Unit Trust (HPUT) has acquired Saltley Business Park, Birmingham, from LPA Receivers acting for Lloyds Banking Group. The investment volume of £23.3 mln (EUR 27.1 mln) reflects a net initial yield of 9.62%.
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PropertyEU Archive
Colonia Real Estate awarded AM contract
Colonia Real Estate Solutions, a wholly owned subsidiary of Colonia Real Estate, has obtained another asset management mandate for two commercial real estate portfolios with a total rental space of around 95,000 m[sup]2[/sup]. The asset management contracts agreed run for six years.
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PropertyEU Archive
Generali completes largest Rome CBD letting of 2010
International real estate advisor Savills, has said it represented Generali, in the most significant 2010 letting in Rome's central business district (CBD).
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PropertyEU Archive
Significant variation in fund charges: INREV
The 2010 INREV Management Fees and Terms Study has identified major differences in how fees are administered within non-listed real estate funds in Europe. The differences are predominantly driven by a fund’s investment approach and regional or sectoral focus. The study has also found that fee levels reached their highest ...
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PropertyEU Archive
Report highlights sustainability challenges for funds
Lack of appropriate training, inconsistent terminology and metrics, and little guarantee that sustainability improvements will enhance fund performance, are among the challenges facing the industry, according to a report produced by Jones Lang LaSalle.
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PropertyEU Archive
Union Investment acquires De Monarch in The Hague
Development company De Monarch - a joint venture of Provast and ASR Vastgoed Ontwikkeling - has reached agreement with German open-ended fund manager Union Investment Real Estate on the sale of the first building in the De Monarch plan for the Prinses Beatrixlaan in The Hague. The first building comprising ...
