Latest reports – Page 3057
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News
APG joint venture in €1bn Olympic retail venture
GLOBAL – A joint venture between Dutch pension fund manager APG and the Canada Pension Plan Investment Board (CPPIB) has acquired retail real estate worth £870.5m (€1bn) on the East London 2012 Olympics site.
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News
Pension funds mop up Finnish property sale
EUROPE – Finnish pension funds Ilmarinen and Varma have mopped up shares in partly state-owned property firm Sponda following the sale by state investment firm Solidium Oy of shares worth €176m.
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News
Real estate industry must raise professional standards, says PGGM
EUROPE – Real estate needs to raise its level of professional standards – including performance measurement – to those of other asset classes, according to Guido Verhoef, head of private real estate at PGGM.
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News
Real estate industry 'lags rest of business' on customer service
GLOBAL – The real estate industry still has "a long way to go" to catch up the rest of business in its approach to customers, according to Howard Morgan, managing director of real estate customer service consultants RealService.
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News
Texas Teachers-backed apartment fund makes first investments in two years
GLOBAL – The Camden Multifamily Value Add fund, 80% owned by the Teacher Retirement System of Texas, has closed on its first two apartment deals in more than two years.
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News
Nebraska moves capital from REITs into private real estate
GLOBAL – Nebraska Investment Council has taken some of its capital invested in REITs and had it cover a portion of its private real estate investment programme.
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News
ATP Real Estate calls for manager 'early-warning' system
EUROPE – At a panel discussion at this year's INREV CFO/COO conference in Copenhagen, speakers discussed how to balance the need for managers to communicate with investors at a time when they were also being asked to charge less for their services.
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News
Funds of funds require more transparency on fees, says INREV
GLOBAL – Managers of funds of funds require greater transparency on fees from the funds in which they invest, according to Lonneke Löwik, INREV's director of research and market information.
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PropertyEU Archive
Banimmo to build office property in Ghent
Belgian listed property company Banimmo has been selected for the construction of an office building for the Flemish Environment Agency (VMM) in Ghent.
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PropertyEU Archive
Prologis leases 11,800m[sup]2[/sup] in Poland
Prologis Europe, the Denver-based distribution space specialist, has signed a fourth-quarter lease agreement in Poland for 11,800 m[sup]2[/sup]. An existing Prologis customer will occupy the space at Prologis Park Sochaczew Building Three in Sochaczew, Poland. Of the 11,800-m[sup]2[/sup] of space, 9,100 m[sup]2[/sup] was previously unleased. 'We are pleased to announce ...
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PropertyEU Archive
Dassault to launch EUR 26m capital increase
French SIIC Immobiliere Dassault is to carry out a EUR 26 mln capital increase to fund the acquisition of an office building at 127 avenue des Champs-Elysées in Paris. The company will issue roughly 1.7 million new shares at a price of EUR 15 per share. The subscription period runs ...
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PropertyEU Archive
Gatehouse acquires IHG global HQ for EUR 37m
Gatehouse Bank has completed the acquisition of InterContinental Hotels Group´s global headquarters in Denham, Buckinghamshire in the UK for £32.5 mln (EUR 37 mln). The vendor was Tritax Property Fund.
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PropertyEU Archive
Klepierre's Odysseum wins 2010 Mapic Award
Odysseum in the French city of Montpellier has been named best shopping centre at the 2010 Mapic Awards last week. The Odysseum scheme is a 50/50 joint venture between Klepierre and Icade and the largest shopping centre opened in France so far this year.
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PropertyEU Archive
Hahn Group acquires retail park for EUR 20m
German real estate fund manager Hahn Group said that it has acquired a retail park in Schweinfurt, in the Lower Franconia region of Germany, for around EUR 20 mln. The purchase was made on behalf of Hahn Fcp-Fis retail property investment fund for institutional investors, which is managed jointly by ...
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PropertyEU Archive
Redevco breaks ground for first project in China
Redevco Asia, co-owner of Wuhan Tiandi Riverview Plaza, has broken the ground for a new shopping centre in Jiang’an District in Wuhan with its partner Shui On Land. The complex will offer 109,000 m[sup]2[/sup] of retail space spread across more than 250 stores, and will also provide 1,900 parking spaces.
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PropertyEU Archive
Pension scheme acquires Copenhagen office
Danish pension scheme PKA has acquired a combined office and retail project in central Copenhagen for about EUR 81 mln. The vendor is Sweden's NCC Property Development.
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PropertyEU Archive
Fornebu to sell Stavanger project for EUR 35m
Norwegian listed property company Fornebu Utvikling (FBU) has signed a preliminary term agreement for the sale of its Hinna Park project company in Stavanger for NOK 287 mln (EUR 35 mln).
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PropertyEU Archive
Premier Inn recruits King Sturge for London expansion
The UKs largest budget hotel operator, Premier Inn, has appointed King Sturge as a retained agent for Greater London to assist in their strategy for growth to add to its existing portfolio of 48 hotels within the M25. King Sturge will join existing retained agent Cropper & Co.
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PropertyEU Archive
Pension funds buy into Westfield Stratford City for EUR 1bn
Pension giants APG of the Netherlands and the Canada Pension Plan Investment Board (CPPIB) have created a joint venture to acquire 50% of the retail component of Westfield Stratford City at the site of the 2012 London Olympics.
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PropertyEU Archive
Value-added funds to target Italian retail in 2011: C&W
The Italian retail market will see more activity next year from value-added investors, claims Stephen Screene, head of Capital Markets Group at Cushman & Wakefield in Milan.
