Latest reports – Page 3158
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PropertyEU Archive
Prologis targets Europe for new development activities
Prologis, a leading developer, owner and manager of distribution facilities, plans to develop its way through its significant European land bank, provided market conditions are favourable, according to its European president and CEO Philip Dunne.
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PropertyEU Archive
Core funds perform better than value added: Inrev
Core funds performed better than added value funds in 2009, according to Inrev, the European sector organisation for the non-listed fund sector. Core funds returned -5.9% over the year while value added funds returned -14.3%. In local currencies, the Inrev Index returned -7.8% in 2009 compared to -19.8% in 2008.
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News
Nominations for Outstanding Industry Contributions and Best Investment Consultancy
The IPE Real Estate Awards is about finding and rewarding the best in their field. And This is the part of the process where we need your help.
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PropertyEU Archive
Valad appointed investment manager for 'Kenmore'
Valad Europe, a pan-European multi-let specialist, has been appointed the new investment manager of European Commercial Real Estate (ECRE) by the company’s investors. The vehicle was formerly known as Kenmore Europe.
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PropertyEU Archive
Developers resume construction across Russia: GVA Sawyer
Russian real estate developers are gradually resuming construction on a number of projects in a clear sign that the market is moving towards recovery, according to Elena Prosvetova, senior analyst at GVA Sawyer's consulting department.
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PropertyEU Archive
WP Carey to sell French distribution centre portfolio
US real estate investor WP Carey has mandated CB Richard Ellis and BNP Paribas to sell a portfolio of distribution centres across France, according to well-informed market sources. The portfolio, worth some EUR 130 mln, offers 360,000 m[sup]2[/sup] of logistics space mostly let to French hypermarket Carrefour. The properties are ...
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PropertyEU Archive
Inrev index turns corner in 2009
Performance in the non-listed property market saw a turning point in 2009, according to the results of the Inrev Index. In local currencies, the Inrev Index returned -7.8% in 2009 compared to -19.8% in 2008. The improvement was led by the UK which returned -6.4% in 2009 compared to -33.2% ...
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PropertyEU Archive
Russia's LSR Group to raise EUR 577m of equity
Russian commercial and residential real estate developer LSR Group has announced plans to raise up to $773 mln (EUR 577 mln) through the issue of new shares and global depositary receipts. The company set the price range for its share offering at $10 to $11 per GDR, equivalent to $50 ...
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PropertyEU Archive
Austria's VBAG eyes sale of CEE arm Europolis
Austria's troubled Österreichische Volksbanken AG (VBAG) has mandated investment bank Lazard to evaluate the sale of its Central and Eastern European real estate investment unit Europolis, in efforts to reposition its loss-making business. Alexander Bosak, spokesperson for Europolis, confirmed to PropertyEU that the banking group has started 'a formal process ...
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PropertyEU Archive
Volcano fails to stop ICSC European Conference
The International Council of Shopping Centers (ICSC) has confirmed that its European Conference is going ahead in Prague on 28 & 29 April. Many industry events across Europe - including the annual conference of the European association of non-listed real estate fund's annual conference - were cancelled last week ...
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PropertyEU Archive
PEPR Q1 earnings down 24%
Prologis European Properties, the leading owner of modern distribution facilities, reported earnings of EUR 22.4 mln for the first quarter of 2010, 24% down on the EUR 29.3 mln booked in the same period last year. The Euronext-listed company said the decrease was driven by a EUR 3.6 mln decline ...
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PropertyEU Archive
Investors take on more risk as French prime dries up
Institutional investors in France are turning to riskier asset profiles due to the scarcity of prime product on the market, according to Nicolas Verdillon, head of CBRE's Capital Markets in France.
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PropertyEU Archive
Fund managers regroup as capital raising falls 60%: INREV
Capital raised for European non-listed property funds fell by 60% in 2009 to EUR 5.9 bn, according to INREV's latest study. This compares to EUR 14.8 bn in 2008. For full-year 2010, fund managers are seen raising EUR 10.9 bn.
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News
Germany’s BVK signals fresh interest in Polish real estate
GERMANY – Invesco Real Estate has invested in a logistics development in Poland on behalf of pension fund BVK, and says there is growing interest in the market from other German institutional investors.
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News
ING REIM steps in to rescue Creed fund
ASIA – ING Real Estate Investment Management has taken over as general partner (GP) at an Asian real estate fund for the second time in 12 months.
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News
CalPERS takes social action to protect rent rates for lower-income households
UNITED STATES – The California Public Employees’ Retirement System (CalPERS) is seeking to prohibit excessive rent increases and involuntary displacement of low-income households in its US multi-family residential investments.
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News
Non-listed real estate funds see capital raising fall by 60%
EUROPE – The volume of capital raised through European non-listed real estate funds fell by 60% in 2009, according to the European Association for Investors in Non-listed Real Estate (INREV).
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News
Italian real estate scraped a positive return in 2009
ITALY – Capital values in Italian commercial property suffered the steepest decline in its seven-year history, falling by -4.6% in 2009, according to Investment Property Databank (IPD).
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News
Tennessee Consolidated nears real estate commingled holdings
UNITED STATES - Tennessee Consolidated Retirement System is getting close to making new investments in two core open-ended commingled funds, in a bid to gain diversification into office and retail real estate.
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News
Texas Teachers seeks value in UK property
UNITED STATES - Teacher Retirement System of Texas has agreed to invest approximately £81m (€93.7m) or $125m into the UK-focused Brockton Capital Fund II.
