Latest reports – Page 3106
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PropertyEU Archive
ING REIM buys office property in Helsinki
ING Real Estate Investment Management (ING REIM) has announced the acquisition of Brondankulma, a prime office property in the heart of the Helsinki CBD area in Finland from Netherlands-registered Bronda Properties. Financial details were not disclosed.
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PropertyEU Archive
Retail availability in UK falls below 10% for first time in 18 months
The average availability of retail units across Great Britain’s top streets was 9.8% at 1 August 2010, down from 11.1% in May, according to research by Cushman & Wakefield.
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PropertyEU Archive
Redevco acquires Jersey retail property for EUR 23m
LaSalle Investment Management announced on Monday that it has sold Queensway House, Jersey, for £19 mln (EUR 23 mln) to the UK subsidiary of leading Dutch property company Redevco.
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PropertyEU Archive
European investor sentiment remains fragile: King Sturge
The latest European rents and yields survey from King Sturge confirms that rents are stabilising as occupier markets show signs of recovery. However, the improvement in investment markets witnessed in the second half of last year has moderated recently, as Europe rides out tough economic conditions. While occupier markets are ...
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PropertyEU Archive
UK Pooled property funds perform well in Q2
The Association of Real Estate Funds (AREF)'s Investment Quarterly (IQ) for Q2 2010 reveals a net asset value of £30.5 bn (EUR 37 bn) for UK unlisted pooled property funds (PPFs), up £9.5 bn on this time last year.
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PropertyEU Archive
AEW, Mountgrange JV sells UK retail assets for EUR 19m
A joint venture vehicle managed by AEW Europe/Tristan Capital Partners and Mountgrange Investment Management has sold three high-street retail assets in the UK from a portfolio acquired in September 2008. The properties were sold to funds run by CBRE Investors for a total of £15.3 mln (almost EUR 19 mln).
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PropertyEU Archive
Predica, FdM buy 48 Accor hotels for EUR 367m
A joint venture of Crédit Agricole Assurances' Predica unit and Foncière des Murs (FdM) has signed an agreement with French hotel operator Accor group to acquire a portfolio of 48 hotels spread across France, Belgium and Germany. The transaction price amounts to EUR 367 mln, reflecting a yield of 6.6%.
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PropertyEU Archive
Allianz RE acquires 80 retail assets from Aldi Süd
German investor Allianz Real Estate announced the acquisition on Friday of around 80 retail assets branded Aldi Süd from the discount retail chain Aldi Grundstücksgesellschaft. The companies agreed not to disclose the purchase price.
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PropertyEU Archive
PHP buys 33 UK healthcare facilities for £101m
Primary Health Properties (PHP), a leading UK provider of primary healthcare facilities, has acquired 33 high-quality fully-let assets for more than £100 mln (EUR 122 mln) in a bid to reach a dominant position in its niche segment.
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PropertyEU Archive
JLL, Colliers appoint new directors at Russian office
Jones Lang LaSalle said on Friday that it has appointed Evgeny Nadorshin to the position of associate director and head of research in its Moscow office.
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PropertyEU Archive
UK property values rise 18% year-on-year: CBRE
The recovery in UK commercial property values since the middle of 2009 has been relatively rapid and impressive at the All Property level, confounding predictions of a prolonged and ongoing downward drift in values, according to a new research report from CB Richard Ellis. However, the continuing gap between prime ...
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PropertyEU Archive
Dev Secs sells 70% of Manchester Arena to Patron Capital
UK property development and investment company Development Securities has announced the sale of a 70% interest in the recently-acquired Manchester Arena concert venue to Europe-focused private equity real estate firm Patron Capital Partners. The financial details were not disclosed.
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PropertyEU Archive
Mitchells&Butlers to sell a portfolio of 333 pubs for £373m
UK pub operator Mitchells & Butlers announced plans on Friday to sell a portfolio consisting of 333 non-strategic pubs for a cash consideration of £373 mln (EUR 456 mln) to Stonegate Pub Company, a company controlled by London-based private equity firm TDR Capital.
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PropertyEU Archive
Liebrecht&Wood divests Polish retail outlet chain to AIB
Belgian real estate developer Liebrecht & Wood said on Friday that it has completed the sale of Poland's Fashion House outlet centre chain to the Polonia Property Fund II, managed by AIB PPM, a subsidiary of AIB Capital Markets. The transaction, which was first announced in September 2007, involved three ...
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PropertyEU Archive
Pramerica assumes investment adviser role for UBS
London-based Pramerica Real Estate Investors announced on Friday that it has received the investment adviser mandate for the UBS Secure Income Property Fund, a role currently performed by UBS Global Asset Management. Pramerica, the European arm of US investment group Prudential Financial, will become the investment adviser to the fund, ...
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PropertyEU Archive
Columbus, British Airways pension fund in £25m London deal
Columbus UK Real Estate Fund, advised by Columbus Capital Management, has formed a new 50/50 joint venture with the British Airways pension fund to acquire Austin Friars House, London, EC2 for £25 mln (EUR 30 mln), reflecting a yield of 7%.
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News
APG to increase weighting to Asian markets
GLOBAL – APG, which manages the assets of the largest Dutch pension fund ABP, said it plans to increase its Asian real estate exposure by €1bn within the next five years.
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News
New index rates London City offices 'hottest' CRE market
GLOBAL – A new commercial property index launched in London this week found London City offices to be the world's most attractive commercial real estate market, underpriced by 11.6%.
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News
Rockspring completes first continental deal for Korea's NPS
GLOBAL – The National Pension Service (NPS) of Korea, the fifth-largest pension fund in the world, has acquired a 51% stake in the O'Parinor Shopping Centre in Paris for €223m.
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News
Louisiana Teachers to invest as much as $150m in real estate
GLOBAL – The Teachers’ Retirement System of Louisiana is planning on making $100m-150m (€78m-116m)) worth of commitments to opportunity funds in real estate over the next 12 months.
