Latest reports – Page 3107
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News
Thursday people roundup
GLOBAL – Norges Bank Investment Management, Legal & General Property, Invista Real Estate Investment Management, CB Richard Ellis Investors, Redevco
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News
Rockspring completes multiple Spanish sale and leaseback deals
SPAIN – Rockspring Property Investment Managers has completed a €45m sale and leaseback deal in Spain on behalf of an unnamed UK pension fund.
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News
NYSTRS makes $50m allocation to Cornerstone fund
GLOBAL – The $72.5bn (€52bn) New York State Teachers’ Retirement System (NYSTRS) has approved a $50m commitment to the Cornerstone Patriot Fund, a commingled fund managed by Cornerstone Real Estate Advisers.
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News
Polish pension property reform 'would not eliminate risk'
POLAND – Asset managers would be unlikely to take on Polish pension funds' property portfolios even if domestic reforms were to lift restrictions on them investing in alternatives, according to Dariusz Stánko, a specialist at the Warsaw School of Economics.
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PropertyEU Archive
Hammerson offloads O'Parinor stake for EUR 217m
UK REIT Hammerson has exchanged contracts to sell 51% of its interest in the O'Parinor shopping centre, Aulnay-sous-Bois, near Paris, to the National Pension Service of Korea (NPS), advised by Rockspring Property Investment Managers. The transaction amounts to EUR 217 mln, after costs of EUR 5 mln. NPS and Hammerson ...
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PropertyEU Archive
Eurohypo sees losses narrow in H1
German real estate lender Eurohypo saw its pre-tax loss narrow to EUR 215 mln in the first half of 2010, largely reflecting revenue growth and reduced costs. The figure compares to a pre-tax loss of EUR 515 mln for the same period in 2009.
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PropertyEU Archive
Brookfield appoints Corpus Sireo to manage German portfolio
US Brookfield Asset Management's European arm has appointed German real estate asset manager Corpus Sireo as the new property and asset manager of its German portfolio.
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PropertyEU Archive
Partners Group provides £40m financing for London asset
Swiss listed property investment manager Partners Group said on Thursday that it has provided a senior B debt facility for the refinancing of 5 Canada Square in London's Canary Wharf on behalf of its clients.
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PropertyEU Archive
Panattoni starts development of new Polish facility
Warsaw-based Panattoni Europe said this week that it has commenced construction on an additional 11,400 m[sup]2[/sup] of warehouse space for Neuca, the Polish pharmaceuticals group. The new warehouse is a build-to-suit facility being developed by the company at its Park Poznan I in Gadki. The facility will offer 10,000 m[sup]2[/sup] ...
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PropertyEU Archive
Goodman's net loss narrows to EUR 393m in 2010
Australian industrial REIT Goodman Group reported net losses narrowed to A$562 mln (EUR 393 mln) in the year ended June 30, compared with a A$1.12 bn loss a year earlier, largely as a result of reduced property writedowns in its portfolio.
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PropertyEU Archive
Perella Weinberg to buy controlling stake in Germany's MFI
US private equity firm Perella Weinberg Partners is to acquire a majority stake in Essen-based Management für immobilien (MFI), a leading developer and operator of shopping centres in Germany.
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PropertyEU Archive
EMEA region gains momentum in global office rental market: CBRE
Almost half of the office markets in the Europe, Middle East and Africa (EMEA) are now experiencing rental growth or stability, according to the latest 'Global Office Rental Cycle' research report by CB Richard Ellis. Following the Q2 bounceback, the EMEA region now closely trails the Asia Pacific region, which ...
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PropertyEU Archive
RBS sells EUR 1.4 bn loan portfolio
Intermediate Capital Group, a private equity group specialising in mezzanine finance and buyout debt, has agreed to acquire a portfolio of European senior loans worth some EUR 1.4 bn from the Royal Bank of Scotland (RBS).
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PropertyEU Archive
Deka shops in London with EUR 118m buy
Germany's Deka Immobilien has acquired the 14 Pier Walk office building in London from Greenwich Peninsula Regeneration, a joint venture between Lend Lease and Quintain. The transaction amounts to just over £97 mln (EUR 118 mln) .
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PropertyEU Archive
Legal&General appoints new fund and asset managers
Legal & General Property (LGP) said on Tuesday that it has appointed Will Edwards as fund manager for its Linked Pensions Property Fund and Greg Westover as senior asset manager for its Linked Life Fund.
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PropertyEU Archive
Atrium reports sharp swing back to profit in H1
CEE shopping centre specialist Atrium European Real Estate has reported a return to profit for the first half of 2010, largely due to a sharp upward revaluation of its properties. Pre-tax profits came in at EUR 104 mln, from a loss of EUR 325 mln in the same period a ...
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PropertyEU Archive
European hotel investment set to double in H2
Investment activity in the European hotel market is starting to pick up, and growth is expected to accelerate further in the second half of 2010, according a new research report issued by Jones Lang LaSalle Hotels.
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PropertyEU Archive
Eroski sells 21 retail units to Rockspring for EUR 45m
Spanish food retailer Eroski has completed its fourth disposal of the year, with the sale-and-leaseback of 21 neighbourhood grocery stores and stand-alone units to Rockspring Property Investment Managers (Rockspring), on behalf of a single-client account for around EUR 45 mln.
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PropertyEU Archive
Reis Group sells Paris building to Deka for EUR 75m
Germany's Deka Immobilien has acquired the fully-let Opéra Gramont office complex in the financial district of Paris from Reis Group, part of the Santander Real Estate Advisory programme for around EUR 75 mln. The property is earmarked for Deka's WestInvest ImmoValue open-ended mutual property fund, which is geared to institutional ...
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PropertyEU Archive
EPRA slams lease accounting proposals
EPRA, the European organisation for listed real estate companies, has pledged to oust proposals from the International Accounting Standards Board (IASB) and the US Financial Accounting Standards Board (FASB), arguing they will substantially increase landlords' debt position, according to an article in Het Financiele Dagblad.
