Latest reports – Page 3071
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News
Thursday people roundup
GLOBAL – Pimco, Brockton Capital, Valad Europe, BNP Paribas Real Estate, HGA Capital, KBW
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News
Investors beginning to weigh up fund terminations, says INREV
EUROPE – Real estate investors are beginning to consider liquidation as a fund exit strategy for the first time since 2007, according to the European Association for Investors in Non-listed Real Estate Vehicles (INREV).
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News
IPD shines light on Asian property performance
GLOBAL – Investment Property Databank (IPD) has provided the first-ever approximation of a pan-Asian real estate index, based on pooling data from markets in Japan, Hong Kong, China, Korea, Malaysia, Singapore and Thailand.
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News
APG joins group aiming to take over ING's €850m industrial portfolio
GLOBAL – Algemene Pensioen Groep (APG) is one of a number major global investors – also believed to include Canada Pension Plan Investment Board (CPPIB) and China Investment Corporation (CIC) – seeking to acquire a A$1.2bn (€846m) industrial portfolio from ING Real Estate Investment Management.
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News
Maine approves $75m allocation to debt fund
GLOBAL – The Maine Public Employees Retirement System has approved a $75m (€54m) commitment to the Prima Mortgage Investment Trust (PMIT), aiming to take advantage of a lack of debt players in the market.
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News
Illinois Municipal hires Cornerstone, INVESCO for core strategy
GLOBAL – The Illinois Municipal Retirement Fund has hired Cornerstone Real Estate Advisers and INVESCO Real Estate as core open-ended commingled fund managers.
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News
NCREIF index shows improved returns for third quarter running
GLOBAL – The National Council of Real Estate Investment Fiduciaries (NCREIF) has reported improved returns for the NCREIF Property index (NPI) for the third straight quarter.
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PropertyEU Archive
WestLB abandons Westimmo sale
German banking group WestLB has rejected the current offers on the table for its dedicated real estate lending unit, Westimmo as 'unacceptable from an overall business point of view'. The board of the Landesbank has decided - on the basis of the offers submitted - not to pursue the sale ...
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PropertyEU Archive
Global volumes constrained by product availability: JLL
Global direct commercial real estate investment volumes totalled $69 bn (EUR 49.5 bn) in the third quarter of 2010, according to a preliminary figures from Jones Lang LaSalle. This level is similar to the second quarter of 2010 and indicates that the recovery in investment activity seen in the previous ...
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PropertyEU Archive
Mindshare chooses Central Saint Giles for flagship HQ
Legal & General Property and Mitsubishi Estate Company exchanged contracts on Tuesday, with media agency Mindshare to take 78,000 sq ft (7,200 m2) at their Central Saint Giles development in central London. The vibrantly coloured Central Saint Giles, designed by Renzo Piano, is an exemplar of excellence in office-led mixed-use ...
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PropertyEU Archive
Predica buys Chambourcy mall project for EUR 110m
Credit Agricole's Predica insurance unit has acquired Les Vergers de la Plaine shopping centre currently under development in Chambourcy, in the Île-de-France region in central northern France. The centre, which is part of the Porte Ouest major redevelopment project near Paris, has been sold by local developer Sopic for over ...
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PropertyEU Archive
Deutsche Pfandbriefbank leads syndicate for Budapest mall
A syndicate of banks led by Deutsche Pfandbriefbank, MKB Bank and UniCredit has completed a EUR 384.5 mln refinancing with Dipol Holdings
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PropertyEU Archive
War-Sawa-Junior relaunched after refurbishment
ING Real Estate Investment Management CEE has announced that refurbishment of the War-Sawa-Junior retail and office property in Warsaw city centre has been completed. Marks & Spencer, one of the retail property's anchor tenants, has just opened its largest shop in Poland in the building.
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PropertyEU Archive
JLL appointed to market Adequa business park in Madrid
Jones Lang LaSalle said that it has been mandated as exclusive real estate adviser for the leasing of thee office buildings part of the Adequa business park in the Northern suburbs of Madrid. The owner of the schemes is Spanish commercial real estate developer Bami Newco.
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PropertyEU Archive
Fund liquidation back on investors' agenda: Inrev
Investors are beginning to consider liquidation as a fund exit strategy for the first time since 2007 according to the 2010 INREV Fund Termination Study. However, extending the lifetime of a fund remains the most likely strategy, as it has been in the past three years.
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PropertyEU Archive
DTZ issues profit warning as recovery in Europe lags
DTZ has issued a profit warning, citing 'challenging trading conditions' for the UK & Ireland as well as its Continental Europe, Middle East and Africa (CEMEA) business.
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PropertyEU Archive
Icade's turnover falls 12% so far in 2010
French commercial property group Icade saw its turnover drop by 12% to EUR 958.5 mln in the first three quarters of 2010, compared to EUR 1 bn in the same period a year before. In a statement, the real estate unit of Caisse des Depots said that the drop is ...
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PropertyEU Archive
Prologis prices shares at $12.30 for offering
New York-listed Prologis, the global provider of distribution facilities, announced on Wednesday the pricing of 80 million common shares in a public offering at a price of $12.30 per share. The company has granted the underwriters a 30-day option to purchase up to an additional 12 million shares to cover ...
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PropertyEU Archive
NBGI enters Poland with logistics buy
Standard Life Investments’ Select Property Fund has sold Panattoni Park Garwolin, a 25,940 m[sup]2[/sup] logistics property located in Garwolin, Poland, to NBGI Private Equity. The deal is NBGI's first in the Polish market.
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PropertyEU Archive
Demanio Agency reports strong interest for Caserma Piave
Italy's public real estate agency, Agenzia del Demanio said that there is strong interest from investors in the Caserma Piave property which is up for sale, with 24 expressions of interest during a first meeting with real estate investors.
