Latest reports – Page 3111
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PropertyEU Archive
ING Real Estate losses narrow to EUR 4m in Q2
The real estate arm of Netherlands-based financial group ING saw its losses narrow to EUR 4 mln in the second quarter of 2010 from a loss of EUR 580 mln in the same period last year following an improvement in valuations.
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Magazine
Pressure on allocations
Market volatility has threatened to end Belgian pension funds’ commitment to listed real estate. Investors are seeking non-listed exposure but the right investment solutions have yet to materialise. Richard Lowe reports
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Magazine
Friend or foe?
Is the listed sector too volatile and correlated with equities to be included in a property portfolio, or should investors look to benefit from its liquidity and arbitrage opportunities? Richard Lowe spoke to pension funds, fund managers and advisers and found a divergence of views
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Magazine
Man on a mission (several, in fact)
Philip Charls, CEO of the European Public Real Estate Association, is juggling a handful of challenges at the moment. As well as lobbying the EU over the potentially damaging consequences of the AIFM directive on the listed real estate sector, he is also building the investor outreach programme, where co-operation ...
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Magazine
Overcoming entrenched positions
The case for REITs is mired in the apparent vested interests of institutional investors, consultants and advisers. Patrick Sumner explains
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MagazineJoined-up investing
The case for combining listed and direct real estate is presented by Fraser Hughes, who argues that many pension funds are missing a trick
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MagazineAllocations: the truth
The crisis brought into focus real estate portfolio construction. Adding REITs could improve performance and liquidity, says Joseph Harvey
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PropertyEU Archive
Cornerstone eyes new takeover candidates in Germany
Cornerstone Real Estate Advisers (formerly Protego Real Estate Investors) sees more opportunities for retail acquisitions in the German market following its purchase of an 8,500-m² supermarket in Wuppertal through its German Retail Fund. ‘More product is coming onto the market and there are some interesting opportunities. Vendors are becoming more ...
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PropertyEU Archive
Substantial decline in bank lending to real estate: JLL
The latest Bank of England lending figures show that bank lending in sterling to real estate in the second quarter of 2010 has dropped by £3.5 bn (EUR 4.2 bn) following a slight improvement in the first quarter, according to Jones Lang LaSalle Q2 2010 Bank Lending Survey.
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PropertyEU Archive
MediaMarkt takes 3,300m[sup]2[/sup] at Keen's Galeria Victoria
Consumer electronics retailer MediaMarkt has signed an agreement with Keen Property Partners Retail (KPP Retail) to lease 3,300 m[sup]2[/sup] at Galeria Victoria in the southwestern Polish city of Walbrzych.
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PropertyEU Archive
Strong H1 demand for German open-ended funds: BVI
With the exception of a dip in May, the first six months of 2010 saw strong investor demand for German open-ended real estate funds (GOEFs), according to the latest report from industry body BVI.
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PropertyEU Archive
ICSC lines up international brands for Outlet Conference
Representatives from established international brands such as La Perla and Desigual will speak at this year's European Outlet Conference of the International Council of Shopping Centers (ICSC). The event, which last year drew senior industry representatives from more countries than any other outlet conference, is being held this year from ...
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PropertyEU Archive
Aareal originates EUR 1.6b new financing in Q2
Aareal Bank Group has said it originated EUR 1.6 bn of new estate lending in the second quarter of this year compared to EUR 700 mln in the second quarter of 2009.
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PropertyEU Archive
Sagax buys into Finnish property with EUR 34m logistics deal
The Finnish arm of Sweden's Sagax has acquired a portfolio of 10 assets in the Helsinki metropolitan area from a real estate fund managed by Nordic Real Estate Partners (NREP). The assets, mainly used for warehousing and light industrial purposes, were bought for a price of SEK 327 mln (EUR ...
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PropertyEU Archive
ING RE regrets loss of North Yorkshire County Council
ING Real Estate Select said it regrets its dismissal by North Yorkshire County Council pension scheme following the fund manager's decision to relocate to the Netherlands. 'We are sorry that the North Yorkshire County Council pension scheme has come to this decision at a moment that we believe our clients ...
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PropertyEU Archive
Stam Europe, Area poised to buy EUR 240m Italian property fund
A consortium of Stam Europe and Area Property Partners is close to clinching the acquisition of the Comune di Milano I real estate fund from BNP Paribas REIM, PropertyEU has learned.
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News
Law change promotes professionalism for Greek pension funds
GREECE – Provisions in the social security laws passed last month by the Greek government are set to kick-start greater professionalism in managing pension funds' real estate assets, a leading fund manager claimed.
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News
Growth in distressed sales begins to moderate
GLOBAL – The growth in distressed real estate transactions has slowed according to research from the Royal Institution of Chartered Surveyors (RICS).
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News
UPDATED: ING relocation costs local authority brief
UK – The £1.3bn (€1.57bn) North Yorkshire County Council pension scheme plans to terminate ING Real Estate contract as fund manager relocates to the Netherlands.
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News
AFIAA shuns London for Scottish investment
UK – AFIAA, the global property investor owned by 18 Swiss pension funds, has made its second acquisition in the UK, having bought a new mixed-use development in Edinburgh.
