Latest reports – Page 3139
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News
Pension funds to take the train
UK – Pension schemes could be asked to fund the UK’s high-speed rail network under proposals currently before the transport ministry.
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News
Finnish insurer pays more for long lease logistics
FINLAND – Finnish pensions insurer OP-Henkivakuutus Oy has acquired two assets – one light industrial, the other a warehouse – from a UK fund for €20.7m, reflecting a yield of 7.5%.
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PropertyEU Archive
L&S to convert to REIT status by September
AIM-listed London & Stamford (L&S) is heading closer to its aim of converting to REIT status after posting a nearly 20% rise in its Net Asset Value per share in the year ended 31 March.
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PropertyEU Archive
Forever 21 chooses Dublin for first European store
Property advisor Savills have announced that US fashion giant Forever 21 has chosen to locate its first European store in the Jervis Shopping Centre in Dublin in one of the largest retail leasing deals in Ireland over the past three years.
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PropertyEU Archive
European listed real estate suffers further declines in May: GPR
Listed European real estate returned - 6% in May, following a - 2.3%return for the month before, according to GPR 250 Europe index. Switzerland (1.4%) and Sweden (0.3%) were the only European country components in the indices with a positive result.
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PropertyEU Archive
Immofinanz buys Polus Center Constanta from Trigranit
The recently merged Austrian group Immofinanz has confirmed the purchase of 85% of the Polus Center Constanta mall project in Romania from Budapest-based developerTrigranit. Although financial details were not disclosed, the property is said to have been sold for a nominal sum of EUR 1 and the assumption of EUR ...
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PropertyEU Archive
GTC buys 50% of Warsaw mall project
CEE commercial property developer Globe Trade Centre (GTC) has completed the acquisition of a 50% stake in a shopping centre project in the Wilanow district of Warsaw owned by Polish listed company Polnord.
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PropertyEU Archive
NSI rasies EUR 55m to fund acquisitions
Listed Dutch real estate firm Nieuwe Steen Investments (NSI) raised EUR 55 mln in a private placement on Thursday to fund the acquisition of several properties.
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PropertyEU Archive
C&W advises on largest Moscow office leasing in two years
Russian oil company TNK-BP has signed a lease of 37,700 m[sup]2[/sup] of office space at DS Development's Nordstar Tower business centre in Moscow. Property advisor Cushman & Wakefield described the transaction which it advised on as the largest office letting in the Russian market for two years.
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PropertyEU Archive
Gregory Van der Elst joins Deloitte RE
Gregory Van der Elst has joined the Transaction Advisory and Corporate Finance service line of Deloitte Real Estate. Van der Elst gained an extensive experience in management, finance and real estate first with Cap Gemini, then as property investment surveyor and recently as manager infrastructure and real estate at KPMG.
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PropertyEU Archive
Morgan Stanley appointed to sell ING REIM - report
ING Bank has reportedly appointed Morgan Stanley to market its EUR 64 bn ING Real Estate Investment Management business. The sales process will start in the next few weeks, according to reports in UK real estate publication Estates Gazette and Private Equity Real Estate (PERE).
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PropertyEU Archive
Catella Property closes Brussels office
Catella Property Group is closing its loss-making office in Brussels as part of a move to reduce its transaction advisory business in Belgium 'for the time being'.
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PropertyEU Archive
Vasakronan sells EUR 565m housing portfolio
Sweden's largest property company Vasakronan said it has divested its Dombron residential property unit to one of its four shareholders, the Fourth Swedish National Pension Fund. The transaction volume amounts to SEK 5.4 bn (EUR 565 mln), making it one of the largest residential portfolio deals ever in Sweden.
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MagazineShaken but not deterred
Although confidence in non-listed funds has suffered in the wake of the downturn, increasing international diversification should help to revive interest in these funds, says Paul Mitchell
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PropertyEU Archive
Larger European economies lead property upturn: King Sturge
King Sturge has said that its s latest research provides some reassurance that the worst may be over for Europe's property markets even though the turbulence in euro area markets has taken the edge of an improving global outlook in recent weeks.
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PropertyEU Archive
German fund inflows fall in April: BVI
Germany's open-ended property investment funds raised a total of EUR 100 mln in new equity in April, down from the EUR 500 mln inflows seen in March and the EUR 1 bn booked in February, according to the latest figures from fund industry body BVI.
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PropertyEU Archive
Multi splits Turkish arm as group refocuses on development
Multi Corporation, the largest independent developer in Europe, has formally announced that it has split its Turkish business, Multi Turkmall, into separate development and fund units.
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PropertyEU Archive
Tamar fund sells two Finnish assets for EUR 21m
Tamar European Industrial Fund, formerly known as Kenmore European Industrial Fund, has exchanged contracts to sell two warehouse and light industrial assets in Finland. The investment volume of EUR 20.7 mln reflects a net initial yield of 7.5% and is about 8% above the March 2010 valuation.
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PropertyEU Archive
Invesco concludes acquition of three hotels for EUR 90m
Invesco Real Estate (IRE), the global cross-border property investment manager, announced that it has concluded the acquisition of three hotels in Paris and Rome, for an investment of EUR 90 mln. This brings to 13 the number of hotels owned by the firm's dedicated pan-European hotel fund and represents ...
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PropertyEU Archive
Goodman pre-sells French distribution centre to Lidl
Sydney-listed Goodman Group has announced it is selling a 39,392-m[sup]2[/sup] logistics facility at Chanteloup-les-Vignes in the western Paris region to German discount supermarket chain Lidl. Goodman has signed an agreement to develop the new distribution centre which Lidl will acquire on a forward-funding basis for EUR 28 mln.
