Latest reports – Page 3134
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News
Barings: China will tread carefully on real estate market
CHINA – The Chinese government will continue to tread cautiously over policy measures aimed at cooling the real estate market amid the near-certain postponement of a property tax originally scheduled for introduction this month, according to Barings.
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News
Hermes Real Estate acquires core London office
UK – Hermes Real Estate, the property fund manager owned by the £35.3bn (€42.5bn) BT pension scheme, has acquired an office asset on the outskirts of London for £58m.
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News
Pension funds to buy 'problem' infrastructure in second wave of privatisation
UK – Pension fund and private equity investors could mop up UK infrastructure assets in a second major wave of privatisation, according to a report by the Adam Smith Institute, a free-market think tank.
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News
Whitbread wannabes in UK underestimate complexity, says Punter Southall
UK – UK pension funds considering property to plug their pension gaps are looking at overly complex structures to do it, according to research by consultancy Punter Southall on the recent Whitbread property partnership.
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News
Emerging markets to lead revival of luxury retail sector, says Colliers
GLOBAL – Rents in the luxury retail sector are set to increase in the near term after a two-year hiatus, according to Colliers International.
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PropertyEU Archive
Realty Lab hired to sell 10,000 m[sup]2[/sup] of retail in Padua
Realty Lab, the Milan-based real estate brokerage firm, is looking for a buyer for a 10,000-m[sup]2[/sup] retail project being built by a local developer adjacent to the long-established Piazza Grande shopping centre in Piove di Sacco, 20 km south-east of Padua, Northern Italy.
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PropertyEU Archive
Invista sells Science Park buildings to Legal & General
Invista Real Estate Investment Management has sold three properties in Cambridge Science Park to Legal & General Property on behalf of a client. The buildings were acquired on behalf of LGP’s UK Property Trust for £17.75 mln (EUR 21.4 mln), representing a net initial yield of 7.775%.
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PropertyEU Archive
Doughty Hanson receives first BREEAM rating in Italy
Mac 567, the new office complex developed by Doughty Hanson in Milan, has become the first Italian project to boast a BREEAM sustainability certificate.
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PropertyEU Archive
Parsitalia starts development of Rome's Eurosky tower
Italy's Parsitalia Real Estate has started the construction of the Eurosky tower in the Eur business district of Rome, Chief Executive Luca Parnasi said during a presentation of the project at the Expo Italia Real Estate fair in Milan last week. The scheme, which is set to become Italy's tallest ...
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PropertyEU Archive
Eroski sells to ING RE for EUR 50m
Spanish supermarket group Eroski said it has sold the Bilbondo shopping centre to the Iberian value-added fund managed by ING Real Estate Investment Management for EUR 50 mln. Located in Basauri, Vizcaya, the centre offers an Eroski hypermarket and a retail gallery with over 50 shops. Eroski has leased back ...
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PropertyEU Archive
Maturing European logistics market attracts institutional investors: CBRE
Changes in the characteristics of the European logistics property market have continued to boost the scale and quality of investable stock and are contributing to the sector's rise as an institutionally acceptable investment medium, according to latest research from CB Richard Ellis (CBRE).
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PropertyEU Archive
Banimmo clinches pre-lettings for two renovated buildings
Belgian real estate firm Banimmo has announced the repositioning of two assets in its portfolio on the basis of long term pre-letting agreements. Both buildings, located in the Da Vinci Park in Brussels, were rented when acquired. Banimmo said the objective was to carry out renovation or restructuring work in ...
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PropertyEU Archive
French govt to offload 1,700 properties
The French government has announced plans to divest 1,700 real estate assets in the next three years in a bid to reduce the country's public debt.
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PropertyEU Archive
Risanamento sells Falck to Korean consortium for EUR 405m
The management board of listed Italian real estate developer Risanamento has approved the sale of the Falck development site in Milan to Bi & Di Real Estate for EUR 405 mln. In a statement, Risanamento confirmed that it has received an offer from Bi & Di on behalf of a ...
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PropertyEU Archive
Redevco buys in Madrid for EUR 27m
Dutch privately held investor Redevco has acquired a retail unit in the Salamanca district of Madrid for around EUR 27 mln. Located at Goya street, the property offers around 2,300 m[sup]2[/sup] of retail space and is leased to fashion retailer Zara with a long-term rental agreement.
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News
INREV committee calls for more independent fund directors
EUROPE – More European non-listed real estate funds must appoint independent directors to their management boards if corporate governance in the sector is to be improved, according to a new report.
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News
German investors to ramp up indirect real estate exposure
GERMANY – German institutional investors are expected to invest on average more than €300m in real estate during 2010 and more than €26bn in total over the next three years, a large proportion of which will be directed to indirect vehicles, according to two separate studies.
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News
USS continues to blaze UK acquisition trail
UK – Universities Superannuation Scheme (USS) has continued its 18-month UK real estate spending spree with the purchase of an office building in London's West End for £42m (€50.8m).
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News
Ohio Police and Fire makes $100m commitment to core commingled fund
US – The Ohio Police and Fire Pension fund has approved a $100m (€84m) allocation to the UBS Trumbull Property fund.
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News
Mass PRIM fires RREEF as separate account manager
US – The Massachusetts Pension Reserves Investment Management Board has terminated RREEF as one of its separate account managers.
