Latest reports – Page 3124
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News
Carlyle Group snaps up six landmark assets in UK
UK – Private equity firm The Carlyle Group has acquired six landmark central London office properties – formerly part of the portfolio of assets linked to the troubled White Tower 2006-3 commercial mortgage-backed securitisation (CMBS) – for £671m (€802m).
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News
European governments under pressure to sell real estate, says CBRE
EUROPE – European governments will be forced to sell real estate assets to balance public finance in the next 12 months, according to CB Richard Ellis (CBRE).
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News
Global real estate recovery to slip next year, says Aberdeen
GLOBAL – The global real estate recovery will falter in 2011, leading to a rise in yields, before resuming a stronger trajectory in 2012, according to Aberdeen Asset Management.
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News
Tesco moves to release value from property portfolio
LONDON – Tesco has agreed a second sale and leaseback of properties with the Tesco Pension Fund Trustees in an effort to release value from its property portfolio.
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News
New York State Teachers makes $90m investment in shopping centre company
GLOBAL – New York State Teachers Retirement System (NYSTRS) has made a $90m (€71.6m) investment in Donahue Schriber Realty Group.
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News
Santa Barbara County hires ORG as real estate consultant
GLOBAL – ORG Real Property has won a real-estate consultancy tender from the Santa Barbara County Employees Retirement System that will give the company full investment discretion.
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PropertyEU Archive
Prologis amends EUR 1.7bn global senior credit agreement
New York-listed Prologis has entered into a fourth amendment to its existing global senior credit agreement dating from October 2005.
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PropertyEU Archive
FdR reopens refurbished tower in La Defense
French property group Fonciere des Regions (FdR) is due to open its recently renovated CB 21 tower in La Defense business district in Paris today. The costs of the refurbishment, which took 18 months to complete, are put at EUR 130 mln.
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PropertyEU Archive
Aviva Investors takes over management of Henderson fund
Henderson Global Investors has announced that Aviva Investors will become the investment manager and Authorised Corporate Director (ACD) of the Henderson International Property Fund with effect from 2 August 2010.
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PropertyEU Archive
AEW Europe Euroffice fund buys complex in Frankfurt
AEW Europe's EUR 350 mln European core office fund, Euroffice, has purchased an office complex, MainPark am Kaiserlei in Offenbach, close to Frankfurt in Germany, from the Bayerische Bau und Immobilien Gruppe. Financial details were not disclosed.
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PropertyEU Archive
Investors pump EUR 4.4b into UK retail property: CBRE
Investment in UK retail real estate reached £3.7 bn (EUR 4.4 bn) in the first six months of 2010, a 15% increase on the same period last year, according to the latest data from CB Richard Ellis (CBRE) and Property Data.
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PropertyEU Archive
Europa Capital buys Brussels office development
Europa Capital, the fund manager of Europa Fund III, has acquired the Realex site on Rue de la Loi/Wetstraat in Brussels from Dexia Insurance Belgium for an undisclosed sum.
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PropertyEU Archive
Neville Moss joins CBRE as head of EMEA retail research
CB Richard Ellis (CBRE) has appointed Neville Moss as Head of Retail Research for the Europe, Middle East and Africa (EMEA) region.
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PropertyEU Archive
New Henderson fund targets Austria
Henderson Global Investors, on behalf of its German business Warburg-Henderson, has begun marketing its special property fund, Warburg-Henderson Österreich Fonds Nr. 2. The fund is aimed at institutional investors in Germany, Austria and Switzerland and will invest in office and commercial property in Austria.
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PropertyEU Archive
Prime office rents in London set to rise: C&W
Quality office space in London's West End will become increasingly difficult to find with occupiers rushing to secure the best properties now, according to global property adviser Cushman & Wakefield.
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PropertyEU Archive
JLL sees multi-speed recovery in Europe
Europe faces two principal macro challenges for the remainder of the year and into 2011: the ongoing concerns over government debt and the removal of economic stimulus. Both factors have a direct impact on the region’s economy and consequently on corporate occupational demand, but also influence property through the cost ...
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PropertyEU Archive
Occupiers clamber for best West End office space: C&W
Quality office space in London’s West End will become increasingly difficult to find with occupiers rushing to secure the best properties now, according to global property adviser Cushman & Wakefield.
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PropertyEU Archive
ING RED sells Dutch shopping centre for EUR 20m
ING Real Estate Development (ING RED) is selling a shopping centre in the Dutch city of Enschede to Velocity European Properties for about EUR 20 mln.
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PropertyEU Archive
Swedish and Danish office rents bottom out: DG Hyp
The decline in office and retail rents in Sweden and Denmark has bottomed out, marking an end to the downward trend seen over the past few years, according to a report on the Nordic markets by German bank DG Hyp. Finland is the exception, with rents there predicted to fall ...
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PropertyEU Archive
Corio scraps bond issue due to unfavourable market sentiment
Listed Dutch investor Corio said on Tuesday it will not proceed with a planned Eurobond issue due to the current unfavourable market climate. The issue was aimed at generating proceeds for 'general corporate purposes', a spokeswoman for the company said.
