Latest reports – Page 3105
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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).
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PropertyEU Archive
AXA REIM invests in Swiss hotel project
AXA Real Estate Investment Managers (AXA REIM) started construction last week of the first Hilton Garden Inn hotel in Switzerland. The investor is planning to spend around CHF 50 mln (EUR 40 mln) to develop the hotel next to the conference centre in the city of Davos. Swiss construction group ...
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PropertyEU Archive
Open-ended property funds reduce risk-return profile: BVI
Open-ended property funds reduce risk in portfolios of both private and institutional investors and improve the risk-return profile - despite lower returns, according to a report published on Wednesday by the BVI, which represents the German investment and asset management industry.
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PropertyEU Archive
European markets less attractive for global investors: DTZ
European property markets have become less attractive than other global markets in the past year due to strong yield compression and increased risk premiums in some markets combined with a sluggish rental growth outlook. That is one of the key findings of the European all-property DTZ Fair Value Index launched ...
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PropertyEU Archive
Westimmo provides EUR 74m financing for ECE mall in Hungary
Inner-city mall specialist ECE has agreed a EUR 74 mln loan facility with German financier WestImmo for the construction of Árkád Szeged shopping centre in the southern Hungarian city of Szeged.
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PropertyEU Archive
Ghelamco starts development of new Polish project
Belgian real estate developer Ghelamco has announced the start of construction for a new development project in Poland, following the sale of its Trinity Park III building to a fund managed by SEB Asset Management earlier this year.
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PropertyEU Archive
Massena's net profit falls 35% on REIT suspension
Fonciere Massena, the real estate investment arm of Groupe des Assurances du Crédit Mutuel, saw its net profit drop by 35% in the first half of 2010, mostly reflecting higher taxes of EUR 7 mln.
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PropertyEU Archive
AFI Development swings to loss
AFI Development, the Russian development arm of Africa-Israel Investments, swung to a net loss of $63 mln (EUR 50 mln) in the first half of 2010, following devaluations of its land bank and hotel property portfolio.
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PropertyEU Archive
French developer Project buys sites in Berlin
French project developer and fund manager Project has acquired three development sites in the Berlin area. The investment, which has a total investment volume of nearly EUR 30 mln, is earmarked for the group's Project Real Equity Fonds 8, currently being placed with investors.
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PropertyEU Archive
CBRE receives United Technologies mandate
CB Richard Ellis has been appointed real estate advisor for United Technologies Corporation's property portfolio in Europe, the Middle East, Africa (EMEA) and Russia.
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PropertyEU Archive
Large opportunistic funds 'throw in the towel': Clerestory
Investment managers seeking to raise over $1 bn in equity capital for 'large-cap' opportunistic real estate fund strategies virtually disappeared off the map in the first half of 2010, according to the latest research from Clerestory Capital. Only one large-cap fund was represented among the 31 new non-listed funds aiming ...
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PropertyEU Archive
FPF takes over SNI's commercial property unit
French SIIC Foncière Paris France (FPF) has announced the signing of a preliminary agreement to acquire the commercial property arm of Société Nationale Immobilière (SNI), a unit of Caisse des dépôts et consignations. The financial details were not disclosed.
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PropertyEU Archive
Westimmo gets offers from national and international players
State-owned German bankWestLB has received three bids for its real estate lending unit Westdeutsche Immobilienbank, or Westimmo, according to WestLB spokesman Walter Hillebrand-Droste. 'The offers are from national and international investors. The management board will now take a close look at these offers,' he said, declining to provide further details.
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PropertyEU Archive
Pandox JV to acquire Norgani Hotels for EUR 1bn
Oslo Properties, a 100% owned subsidiary of Norwegian Property (NPRO), has entered into a preliminary agreement to sell Norgani Hotels for NOK 8.3 bn (just over EUR 1 bn).
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News
Norway Global excludes companies for breaching Geneva Convention
EUROPE – The NOK2.8trn (€352bn) Government Pension Fund Global (GPFG) is planning to exclude two Israeli companies and one Malaysian company, worth a combined NOK15m, from its investment universe.
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News
Medicx fund highlights growing investor interest in healthcare
UK – A healthcare fund run by specialist investor and developer Medicx has raised £45m (€55.1m) in capital from a number of institutional investors, the National Grid UK Pension Scheme, the Merseyside Pension Fund, Henderson Global Investors and Prudential.
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News
Pramerica to take on UBS ground lease fund
UK – Pramerica Real Estate Investors will take over from UBS Global Asset Management as investment adviser for the UBS Secure Income Property fund.
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News
Direct markets 'caught up with' listed sector in 2009, says Cohen & Steers
GLOBAL – The historical six-month time lag between direct and listed real estate markets was more than halved in some countries in 2009, according to Cohen & Steers.
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News
BA Pensions teams up with Columbus on City office buy
UK – The British Airways Pension Fund has entered into a 50/50 joint venture with the Columbus UK Real Estate Fund to acquire London City office Austin Friars House for £25m (€30.6m).
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PropertyEU Archive
JLL appoints Pehrsson to head asset management in Sweden
Jones Lang LaSalle Sweden has announced the recruitment of Håkan Pehrsson as head of asset management and Retail for Sweden, with an additional overview of those areas for the other countries of the Nordic Region.
