Latest reports – Page 3104
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PropertyEU Archive
Pfizer becomes largest tenant of Adgar Plaza
Adgar Postepu has signed a contract for the lease of office space with the Polish arm of leading pharmaceutical company Pfizer. The new tenant will occupy the largest office space among all the companies that have decided to locate their offices in Adgar Plaza, part of the Adgar complex situated ...
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PropertyEU Archive
Chinese to replace Russians as major investors in prime London resi
Chinese buyers are expected to replace Russian investors as major players in the prime central London market as the number of super-wealthy individuals continues to grow rapidly in the country, new research from CB Richard Ellis has revealed. Buyers with foreign currency are still enjoying attractive discounts on prime central ...
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News
Åström, Otterud join forces to found Custor Capital
GLOBAL – Real estate fund-of-funds pioneers Anders Åström and Tomas Otterud have teamed up with former AP1 CIO Bo Ljunglöf to establish an independent investment firm targeting institutional investors.
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News
Mexico's Afores commits €231m to industrial strategy
MEXICO – The Administradoras de Fondos de Pensiones (Afores), which manages Mexico's private pension fund system, has continued to increase its exposure to alternatives by committing capital to an industrial real estate fund.
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News
CPPIB, Future Fund recapitalise Australian shopping centre fund
GLOBAL – Canada Pension Plan Investment Board (CPPIB) and Australia's Future Fund have helped recapitalise a flagship Australia shopping centre fund by agreeing to invest A$750m (€524m) between them.
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News
US real estate emerges from downturn, but investors still unsure
US – Capital value movements have returned to positive territory in the US after two and a half years of write-downs, but economic doubts are preventing a rush of capital from investors, according to Investment Property Databank (IPD).
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News
LACERA earmarks $350m for real estate investment
GLOBAL – The Los Angeles County Employees Retirement Association (LACERA) has approved its real estate investment plan for the 2010-11 fiscal year, provisionally earmarking $350m (€277m) for investment.
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News
Nebraska puts $63m into core commingled funds
GLOBAL – The Nebraska Investment Council (NIC) has approved $63m (€49.6m) worth of real estate commitments into core open-ended commingled funds.
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PropertyEU Archive
Hansteen to acquire portfolio for EUR 16.5m
Hansteen Holdings, the London-listed investor in UK and Continental European real estate, has exchanged contracts to acquire a multi-sector portfolio of 12 freehold and leasehold assets in Scotland for a total cost of £13.5 mln (EUR 16.5 mln).
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PropertyEU Archive
HGI extends EUR 685m Central London Office Fund
Henderson Global Investors has extended its £560 mln (EUR 685 mln) Central London Office Fund I until December 2015. Nearly all of the fund's 84 investors voted in favour of extending the fund from 2011 in order to take advantage of the strong London office market. Clive Castle, fund manager ...
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PropertyEU Archive
NCC sells housing project in Berlin for EUR 19m
Finnish construction and development group NCC has announced that its German unit has sold a proprietary housing project in northern Berlin for SEK 176 mln (almost EUR 19 mln).
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PropertyEU Archive
Corio swings back into the black in H1
Listed retail property specialist Corio swung back into the black in the first half of the year with a net profit of EUR 158 mln following a loss of EUR 196.4 mln in the year-earlier period. The turnaround was attributed to an increase in the value of the portfolio and ...
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PropertyEU Archive
RREEF funds meet acquisition target for 2010
RREEF's Spezial Invest funds have reached their 2010 target of acquiring EUR 500 mln-worth of properties for its institutional investors and the fund manager plans to spend a further EUR 300 mln before the end of the year.
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PropertyEU Archive
Valad focuses on growing European business
Sydney-listed Valad Property Group said that it is focusing on growing its European business after the group posted a full-year loss of A$165 mln (EUR 115 mln) in the year to end-June.
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PropertyEU Archive
Real I.S. buys Amsterdam office building for new Bayernfonds
German fund manager Real I.S. has bought the office building known as 'The Book' in Amsterdam for an undisclosed sum. The property is located in the Sloterdijk/Teleport business district and has been fully let to the Dutch government until 2025.
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PropertyEU Archive
Grainger and Moorfield unveil JV
UK listed residential property firm Grainger announced on Monday that Grainger Equity Release Limited (GERL) has entered into a 50-50 joint venture with a subsidiary of Moorfield Real Estate Fund II to run residential property company Sovereign Reversions.
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PropertyEU Archive
Bouwfonds Parking Fund buys third Dutch asset
Bouwfonds European Real Estate Parking Fund has acquired its third car park in the Netherlands in a sale-and-leaseback transaction with Q-Park. The investment volume was about EUR 20 mln.
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PropertyEU Archive
Evans Randall buys London scheme for EUR 296m
Evans Randall has acquired the newly completed Drapers Gardens development in the City of London for £242.5 mln (EUR 296 mln). The vendor is a joint venture including Canary Wharf Group and a subsidiary of the Morgan Stanley Real Estate Funds.
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PropertyEU Archive
SNS Property Finance books EUR 189m loss on impairments
SNS Property Finance saw its net losses soar more than 50% to EUR 189 mln in the first half of 2010 following impairments linked to the winding down of its international real estate financing activities.
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PropertyEU Archive
Real I.S. purchases London office asset for EUR 63m
German fund manager Real I.S. announced on Wednesday that it has purchased an office building in midtown London for £52 mln (EUR 63 mln).
