Latest reports – Page 3150
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PropertyEU Archive
Helios Europe in EUR1bn European logistics development drive
Helios Europe, the European logistics developer headed by Mike Hughes, has entered into a joint venture with specialist fund manager Mansford Real Estate to develop a EUR 1 bn pipeline of future projects across Europe. The new partnership has received 'substantial financial backing' from two of the UK's largest pension ...
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PropertyEU Archive
German funds back 12-month holding period for new investors
Managers of German open-ended real estate funds (GOEFS) are in favour of a 12-month holding period for new investors to help tackle the liquidity crisis that has plagued the industry in recent years.
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PropertyEU Archive
Scandic teams up with pension fund to build hotel
Scandinavian hotel chain Scandic is joining forces with VR Pension Fund, the EUR 920 mln scheme for employees of the Finnish state railway, to develop a new hotel in the centre of Tampere, Finland's second largest city.
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PropertyEU Archive
CBRE acquires industrial-logistics specialist M3
CB Richard Ellis Group (CBRE) has announced the acquisition of M3 Agency (M3), a leading industrial and logistics real estate services specialist in the UK.
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PropertyEU Archive
Former ING REIM executive joins Mosaic
Péter Horváth, formerly Head of Asset Management at ING Real Estate Investment Management (REIM), has joined Mosaic Property CEE as Head of Asset Management for Central Europe.
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PropertyEU Archive
ING RE books EUR 151m impairment on development pipeline
ING Real Estate booked EUR 151 mln in impairments in the first quarter of 2010, largely on its development pipeline. As a result, ING Bank saw its operational costs increase by ING Bank. In the year-earlier period, the figure came to EUR 22 mln.
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News
Macro drives Euro growth as UK confidence boosts non-listed funds
EUROPE - Broad recovery in European property markets raises the prospect that markets such as Denmark and the Netherlands could escape the cyclical downturn altogether.
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News
Investors look past prime to secondary assets
EUROPE - European pension funds will look to secondary assets in search of higher returns as economies recover across the region, according to Simon Mallinson, director of research at Invesco.
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News
Norwegian oil fund appoints PE property manager
NORWAY - Karsten Kallevig is to manage the planned NOK140bn (€16.6bn) property portfolio of the €346bn Norwegian Global Pension Fund. The Tokyo-based partner in real estate private equity firm Grove will join the fund early in September.
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News
Chinese investors buy back residential after pricing policy move
CHINA - A group of Chinese investors has acquired a prime serviced residential block in Shanghai from SEB Asset Management (SEBAM)’s Asian property SICAV – the latest deal in a trend for Asian investors to replace capital from European and US pension funds.
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PropertyEU Archive
Former Savills director launches nursing home venture
Savills' former managing director Felix von Braun has launched Deutsche Pflegeheim Fonds (DPF), a Berlin-based investment management company focusing on nursing homes. The company, which invests in existing properties and development projects for senior citizens as well as non performing loans, is seeking to invest EUR 200 mln in the ...
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PropertyEU Archive
ING REIM eyes Poland and Czech Republic
ING Real Estate Investment Management plans to invest again in Poland and the Czech Republic, the company said in a press release. 'The real estate markets in the two countries have recovered better from the crisis than other markets in the region. There is now a growing interest in investment ...
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PropertyEU Archive
Panattoni to develop logistics park in Poland
US logistics developer Panattoni Europe has bought 60,000 m[sup]2[/sup] of land in Grebocin near Torun, Northern Poland for the development of a new logistics facility, Panattoni Park Torun. According to a Panattoni spokesperson, the new built-to-suit complex is being developed for Cereal Partners Poland Torun-Pacific (CPP), a manufacturer and distributor ...
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PropertyEU Archive
German developer buys complex in central Amsterdam
A German-based project developer has reportedly acquired the landmark Heredium complex in the centre of Amsterdam for about EUR 30 mln. Newspaper Het Parool said that the buyer is Stolp Holding which is based in Kassel, Germany, though the director lives in the Netherlands. The vendor is Heredium, a Dutch-registered ...
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PropertyEU Archive
Kroon spins off German subsidiary
Dutch property group Kroon Real Estate has transferred its 50% stake in Kroon Group Germany in Frankfurt to co-shareholder Brigitte van der Jagt-Buitink, the current manager of the German unit.
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PropertyEU Archive
CBRE to market Halifax bank branches in Ireland
CB Richard Ellis has been contracted to dispose of 44 branch locations on behalf of Bank of Scotland Ireland. The bank announced the closure in February this year of its Halifax branch network in the Republic of Ireland.
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PropertyEU Archive
Barclays puts 34 Spanish bank branches on the market
London-based financial institution Barclays has put a portfolio of 34 bank branches in Spain up for sale. The lender, which is looking to sell through a sale-and-leaseback structure, has hired Jones Lang LaSalle to market the properties, which are worth EUR 25 - 35 mln.
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PropertyEU Archive
Expo Italia eyes Mediterranean markets
Expo Italia (EIRE) is emphasising real estate opportunities in the Mediterranean region for its 2010 edition. EIRE's director Antonio Intiglietta told PropertyEU that the fair has gained a large following among Italy's major players, and is seeking to widen its focus to the leading institutions and private investors of the ...
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PropertyEU Archive
Bouwfonds buys Dutch carpark for EUR 12m
Bouwfonds REIM's European Real Estate Parking Fund has acquired its second car park in the Netherlands from Cocon Vastgoed. The investment volume was not explicitly stated but Bouwfonds said the deal increased the value of the fund to EUR 242 mln from the previously disclosed figure of EUR 230 mln.
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PropertyEU Archive
Kallevig to head property drive for Norwegian pension fund
Norway's massive state pension fund has appointed Karsten Kallevig to lead its multi-billion investment drive in the real estate sector. Kallevig will take up his position as head of the real estate team on 1 September.
