Latest reports – Page 3165
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News
Unilever’s Progress nears end of direct real estate divestment
NETHERLANDS – CB Richard Ellis is in negotiations with an unnamed investor to exchange on the remaining assets of the domestic real estate portfolio of Progress, the Dutch pension fund of Unilever.
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News
Investors to decide gearing on L&G’s property income
UK – European institutional investors that have committed to Legal & General Property’s (LGP) new UK core fund have been given a choice over the level of gearing they will be exposed to.
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News
Rothschild Realty sees fresh prospects for US housing
UNITED STATES - Rothschild Realty Managers has made a $100m (€74.9m) equity investment with Summit Housing Partners based in Montgomery, Alabama, on the back of renewed confidence in the housing market.
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News
CalPERS wins right to vote on REIT board
UNITED STATES – California Public Employees Retirement Systems (CalPERS) has won support from fellow shareholders to introduce annual board elections at a specialist hotel real estate investment trust (REIT).
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News
Chicago Policemen eye non-core opportunities
UNITED STATES – The Policemen’s Annuity and Benefit Fund of Chicago has issued a Request for Proposal for non-core real estate managers.
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PropertyEU Archive
Commerz Real puts £260m City office on the market
German open-ended fund manager Commerz Real has put its 10 Aldermanbury office building in the City of London on the market with a price tag of £260 mln (EUR 300 mln), market sources told PropertyEU. The asking price is said to reflect a yield of 5.5%.
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PropertyEU Archive
MAB and Neinver's Honfleur outlet centre wins Magdus award
The Honfleur The Style Outlets, the outlet centre developed by MAB Development and Neinver urban planner-architect Edouard François, has been awarded the 2010 award in the best project category at the Magdus conference, the European meeting on factory outlet centres.
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PropertyEU Archive
Investors turn to Spanish retail parks: Savills
Investors looking to satisfy an appetite for retail parks have turned to Spain, where international real estate advisor Savills predicts that transaction volumes could reach between EUR 70 and EUR 100 mln in 2010, up considerably from a total of EUR 19 mln in 2009.
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PropertyEU Archive
Estavis acquires site for EUR 65m residential development
German residential property specialist Estavis has acquired a property of around 37,600 m[sup]2[/sup] in Berlin comprising several listed buildings in the direct vicinity of the Spree. The listed properties on the site of the former Glanzfilmfabrik, a film factory in Köpenick, is to undergo high-quality renovation and conversion. Some 230 ...
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PropertyEU Archive
2010 set to be best years of cycle to sell: Savills
2010 could be the best year of the cycle for current vendors of leisure assets to sell as a result of a wider than usual spectrum of buyers entering the market, according to the latest commercial leisure bulletin from Savills
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PropertyEU Archive
Election jitters unsettle UK market: C&W
Real estate investors operating in the UK grew slightly more cautious during March, with the budget in particular focussing minds on what may lie ahead and the uncertainty of an election period, according to Cushman & Wakefield's latest UK business briefing.
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PropertyEU Archive
LaSalle invests in Bavarian retail centres
LaSalle Investment Management has acquired a total of seven retail centres in Bavaria, Germany for its LaSalle German Income and Growth Fund (LGIG). All the assets are new developments and have been leased on a long-term basis to national retailers, including REWE, Edeka, Lidl and Rossmann.
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PropertyEU Archive
Holowent's bid for NR Nordic & Russia fails
Holowent, the investment vehicle of the Livingstone brothers, has failed in its takeover bid for NR Nordic & Russia Properties. Euronext-listed NR Nordic & Russia is a real estate investor focusing on Russia, the Baltics and the Nordic region.
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PropertyEU Archive
Foruminvest completes sale of Belgian mall
European investor-developer Foruminvest announced the sale of the K shopping centre in Kortrijk, Belgium to Germany's Union Investment on Thursday.
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PropertyEU Archive
Finland's Technopolis expands into Estonia
Finnish property company Technopolis said it is stepping into the Estonian market with the acquisition of a 51% stake in a 70,000 m[sup]2[/sup] portfolio valued at EUR 63.5 mln.
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PropertyEU Archive
Guido Piñol joins IVG from Fortress
Guido Piñol is leaving Investment Group in Germany to take responsibility of IVG Immobilien's on-balance-sheet real estate business. He is replacing Rüdiger von Stengel, who is leaving the largest listed real estate group in Germany after seven years.
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PropertyEU Archive
Klepierre raises EUR 900m on capital markets
Klépierre has raised a total of EUR 900 mln in two transactions on the debt capital markets. The Paris-listed real estate group said the transactions will enable it to refinance its next debt maturities under satisfactory conditions and over long durations, while also reinforcing its ability to finance its ...
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PropertyEU Archive
Degi sells City office to Meag for EUR 115m
Degi, part of Aberdeen Property Investors, has sold the 30 Finsbury Square office scheme in the City of London to German fund manager Munich Ergo Asset Management for £102 mln (EUR 115 mln), well-informed sources told PropertyEU. A spokesperson for Meag has confirmed the acquisition, which reflects a yield of ...
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PropertyEU Archive
Servicer lodges negligence claim over Gateshead Metro Centre
Hatfield Philips International (HPI), Europe's largest independent Primary and Special Servicer, has launched a change of usage investigation and served a valuer negligence claim relating to Gateshead Metro Centre.
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PropertyEU Archive
SEB acquires Cap de Paris office building for EUR 50m
SEB Asset Management has acquired the Cap de Paris office building in the Montrouge district of Paris for about EUR 50 mln. The property is fully leased to French publishers La Martinière Groupe for a fixed term of six years beginning from March 2010.
