Latest reports – Page 3102
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PropertyEU Archive
Inrev director seconded to Asian fund association
Inrev's Andrea Carpenter is to join sister organisation Anrev, the Asian Association for Investors in Non-Listed Real Estate Vehicles on a three-month secondment.
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PropertyEU Archive
ING Group keeps real estate finance unit on board
ING Group remains committed to its dedicated property finance unit, Rudolf Molkenboer, global head of ING Real Estate Finance said in an interview with PropertyEU Magazine. 'In January 2010, we took the decision to start integrating ING REF into ING Bank. We want to bring it more into the banking ...
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PropertyEU Archive
Credit Suisse AM buys new Endemol HQ in Amsterdam for EUR 65m
Credit Suisse Asset Management has acquired the Medi-Arena office complex in the south-east of Amsterdam for one of its funds. The investment volume for the 19,500-m[sup]2[/sup] property and a 480 parking garage comes to EUR 65 mln.
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PropertyEU Archive
APG sets sights on real estate debt opportunities
APG Asset Management, the investment vehicle of EUR 200 bn Dutch pension fund ABP, has its sights on real estate related debt opportunities. But such debt opportunities are limited in Europe, APG's global head of real estate investment Patrick Kanters told PropertyEU in an interview.
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PropertyEU Archive
DEAL ANALYSIS: large hotel deals lift market
News of the pending sale of Norgani Hotels for just over EUR 1 bn follows signs that investor jitters have persisted over the summer. Jones Lang LaSalle, for instance, warned at end-July that investors now seem more hesitant in Europe due to concerns about sovereign debt and austerity packages.
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PropertyEU Archive
Borletti Group's bid for Karstadt fails
Italian firm Borletti Group, the owner of Italy's La Rinascente and France's Printemps department stores, has failed in its attempt to acquire insolvent German retailer Karstadt.
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PropertyEU Archive
Westimmo sees 19% decrease in H1 pre-tax earnings
German real estate financier Westimmo booked pre-tax earnings of EUR 35.5 mln, down 19.5% on earnings of EU$ 44 mln for the same period last year.
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PropertyEU Archive
Rush to expand C&W retail asset management in UK
Cushman & Wakefield has appointed Anne Rush as Partner in its expanding retail asset management team. Her role will be focused on the strategic development of the firm's asset management service line across the UK.
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News
Malaysian pension fund allocates €1.2bn to UK property
GLOBAL – Malaysia's first-pillar pension scheme has allocated £1bn (€1.2bn) to UK real estate in expectation of a long-term annual yield of 6-7%.
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News
Investors shunning PE funds, keeping cash for JVs
GLOBAL – Institutional investors are holding back from private equity real estate funds, preferring to hold on to their capital or channel it into direct investment and joint ventures, according to Preqin, the private equity data firm.
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News
RREEF: Seoul 'safer than London'
GLOBAL – Investors will take refuge in Asian markets from "considerably riskier" developed markets such as London, according to RREEF Germany managing director Clemens Schaefer.
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News
Dutch manager PGGM moves into US retail amid rising residential prices
NETHERLANDS – PGGM is to expand its focus from US housing to retail, citing growing demand for residential and supply scarcity.
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News
Merseyside pension scheme tenders for property asset manager
UK – The £4.2bn Merseyside Pension Fund (MPF) is tendering the position of property asset manager for its UK-based direct real estate investments.
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News
Institutional investors could allocate 25% to open real estate, academics say
GLOBAL – A manager could invest as much as one-quarter of his portfolio into open real estate funds and still boost performance while decreasing risk, according to researchers from the German WHU Otto Beisheim School of Management and the Ludwig-Maximilians university in Munich.
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PropertyEU Archive
Kungsleden acquires retirement home for EUR 14m
Swedish listed property company Kungsleden is acquiring a retirement home located in Uppsala, near Stockholm, through Hemsö, its joint venture with the Swedish Third Pension Insurance Fund (AP3).
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PropertyEU Archive
NCC to invest EUR 107m in Malmo mixed-use project
Finnish firm NCC has started the construction of Triangeln, a mixed-use development programme in central Malmo, Sweden. The company said that it plans to invest SEK 1 bn (EUR 107 mln) in the project, which consists of a shopping mall on two floors and housing and retail premises on the ...
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PropertyEU Archive
Cofinimmo disposes of 717,000 shares
Brussels-listed real estate firm Cofinimmo has disposed of 717,500 of its own shares in the market during August at an average price of EUR 92.56 per share.
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PropertyEU Archive
European listed sector poised for M&A surge
Europe's listed real estate sector is set for a new round of takeovers, signalling that the worst of the downturn may be over. 'This is the time for a new round of M&A to reach the industry. It will likely be a long-term process, similar to the last wave of ...
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PropertyEU Archive
Hansteen has EUR 300m firepower for distressed acquisitions
Hansteen, the UK REIT investing in continental European and UK real estate, has firepower totalling £254 mln (EUR 307mln) for 'distressed opportunities'.
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PropertyEU Archive
LaSalle completes major refurbishment of Lion Walk, Colcheste
LaSalle Investment Management has completed a major refurbishment of the Lion Walk shopping centre in Colchester. The 18,600-m[sup]2[/sup] shopping centre is home to 35 of Britain’s most popular retailers, the asset manager said.
