Latest reports – Page 3046
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News
HOOPP makes first direct purchase outside Canada
GLOBAL – The Healthcare of Ontario Pension Plan (HOOPP) has made its first direct real estate investment outside Canada by acquiring a 50% stake in the Crown Estate's St James's Gateway development in London.
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News
AREA Property Partners buys Chicago area hotels for $51m
GLOBAL – AREA Property Partners has closed on its first hotel purchases of the year with the acquisition of three Chicago area properties for $51m (€38.6m).
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News
Lend Lease provides PGGM with direct infrastructure exposure
EUROPE – Dutch pension fund asset manager PGGM has committed £220m (€262m) in capital to become the principal investor in a joint venture with Lend Lease targeting social infrastructure in the UK.
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News
Texas Employees selects Urdang to manage quarter of REITs
GLOBAL – The Employees Retirement System of Texas has selected Urdang Real Estate Securities to run a quarter of its $465m (€351.7m) REIT portfolio.
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News
AP1 real estate company to invest €770m in property
SWEDEN – Första AP-fonden (AP1), Sweden's first national buffer fund, has created a new real estate company and will acquire more than SEK7bn (€767m) in domestic property assets.
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PropertyEU Archive
Afi Europe postpones Polish IPO
Central and South Eastern European developer Afi Europe has postponed its initial public offering on the Warsaw stock exchange due to 'adverse market conditions'.
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PropertyEU Archive
Citi, ING REF close EUR 150m restructuring with MSREF VII
Citigroup Global Markets and ING Real Estate Finance have closed a debt restructuring for BRE / Hospitality Europe Holding, a company controlled by Blackstone Real Estate Partners (BREP) International Fund II and BREP Fund V.
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PropertyEU Archive
Wereldhave acquires UK mall for EUR 101m
Amsterdam-listed real estate company Wereldhave has reached agreement to acquire the Dolphin Shopping Centre in Poole, Dorset, England. The investment volume amounts to £85 mln (EUR 101 mln), including costs, and reflects a net initial yield of 6%.
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PropertyEU Archive
Meyer Bergman and Neinver team up in Katowice
Meyer Bergman, the European real estate investment management firm, has entered into a joint venture agreement with Neinver, a pan-European retail developer, to undertake a EUR 200 mln retail-led mixed-use development at Katowice railway station in Poland. The project forms a crucial part of the city's preparations for the ...
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PropertyEU Archive
Moscow to sell EUR 340m of property assets
The city of Moscow is planning to divest RUB 13.9 bn (EUR 340 mln) worth of stakes in non-core real estate assets in a bid to boost its finances, business daily Vedomosti reported.
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PropertyEU Archive
Icade seals EUR 255m refinancing for Crystal Park
French Siic Icade has reached agreement with a banking syndicate including HSBC, BNP Paribas and BECM for a new EUR 255 mln financing facility.
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PropertyEU Archive
CSC dismisses latest Simon proposal on Trafford Centre
London-listed Capital Shopping Centres Group has described the latest proposal made by Simon Property Group (SPG) in relation to the EUR 1.9 bn acquisition of Trafford Centre shopping centre in Manchester as 'incapable of implementation and completely impracticable'.
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PropertyEU Archive
S&P raises DG Hyp's rating outlook to 'stable'
S&P has raised DG Hyp's rating outlook from 'negative' to 'stable'. Commenting on its decision, the rating agency cited the bank's stronger focus in its commercial real estate finance business on its core German market, in close cooperation with the German Cooperative Financial Services Network.
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PropertyEU Archive
Direct investment volumes in EMEA up 40% in 2010: JLL
Direct investment into commercial real estate in EMEA is likely to reach EUR 100 bn in 2010, according to new research from Jones Lang LaSalle. This figure represents an increase of over 40% on volumes recorded for the full year 2009.
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PropertyEU Archive
Immofinanz sells retail property in Czech Republic
Austrian group Immofinanz has announced the sale of the Bauhaus Budweis retail property in Budweis, Czech Republic to the CPI Group, a local investor, for over EUR 17 mln. The transaction is part of the group's strategy to optimise its real estate portfolio, the company said.
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PropertyEU Archive
Kungsleden acquires care properties in Sweden
Listed Swedish property company Kungsleden, acting through its 50-50 joint venture with the Swedish Third Pension Insurance Fund (AP3), is acquiring 29 care properties. The total purchase prices, including transaction costs, comes to SEK 368 mln (EUR 40 mln). The property yield is 7.8%.
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PropertyEU Archive
Commercial office tenants want green - survey
Green building initiatives are a key influencer when tenants decide to sign a commercial real estate lease, according to a survey by GE Capital Real Estate. The survey, conducted over the past year, included more than 2,220 office tenants in the US, Canada, France, Germany, Sweden, the UK, Spain and ...
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PropertyEU Archive
Patrizia acquires LB Immo Invest
Patrizia Immobilien has acquired LB Immo Invest, the Hamburg-based real estate investment company that launches special funds. It was sold by HSH Real Estate, a subsidiary of HSH Nordbank AG. The parties agreed not to disclose the purchase price. 'We are significantly expanding our service business with this acquisition and ...
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PropertyEU Archive
Unibail-Rodamco reaches agreement to develop France's highest office tower
Franco-Dutch property group Unibail-Rodamco said on Friday that it has reached an agreement with the Epadesa public authority for the development of the Phare tower at Paris' financial district of La Defense. Epadesa's board has approved the technical and financial terms for the finalisation of the project which will involve ...
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PropertyEU Archive
Bouwfonds resi fund spends EUR 36m in Germany
Bouwfonds European Residential Fund has acquired residential properties in the German cities of Düsseldorf, Hamburg and Erlangen for just over EUR 36 mln.
