Latest reports – Page 3175
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News
British Steel pension moves into music store
UK – The British Steel Pension Fund has acquired an HMV music store in Manchester from a private investor for £18.9m (€21.14m) and plans to make further acquisitions over the next 18 months.
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News
Inflation worries bring closer scrutiny of Asian real estate
ASIA-PACIFIC – There is a growing concern over the prospect of inflation rising too quickly in the main economies of Asia, but Aberdeen Property Investors believes the respective authorities have sought to tackle the issue pre-emptively and in a positive manner.
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News
Arizona Public Safety takes opportunistic strategy in real estate
UNITED STATES - Arizona Public Safety Retirement System intends to make at least two more real estate commitments to commingled funds by investing through a US opportunistic strategy in 2010.
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PropertyEU Archive
Stam Europe to close equity raising for new fund by summer
Private real estate investment manager Stam Europe expects the first close of equity-raising for its latest fund to take place before the summer. Stam chairman Antoine de Broglie told PropertyEU that about half of the equity for the EUR 400 mln vehicle is coming from institutional investors in Europe and ...
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PropertyEU Archive
SEB chief warns against over-optimism on economic recovery
Investors should diversify their investments as much as possible this year in a bid to reduce risk, despite the scent of economic recovery, SEB Asset Management's Chief Executive Barbara Knoflach warned during a conference at Mipim on Wednesday. 'For real estate an overall economic recovery is good but a couple ...
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PropertyEU Archive
Property professionals confident in European market recovery
European property professionals have been severely hit by the crisis but many of them are still confident in the market and anticipate an increase in economic activity in the next months, according to the RICS and Macdonald’s & Company European Remuneration Property Survey, launched at Mipim on Wednesday.
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PropertyEU Archive
Barcelona Economic Triangle claims major development milestones
The three flagship projects that make up the Barcelona Economic Triangle have achieved important development milestones, Spanish officials announced at the Mipim real estate fair in Cannes on Wednesday. The three projects are the massive 22@Barcelona regeneration project, the Deltabcn project near Barcelona's El Prat international airport and the science ...
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PropertyEU Archive
European office markets set for recovery in 2010: BNP Paribas
The year 2010 will be one of recovery for Europe's office markets as demand for prime assets increases and rents stabilise, according to research by global property adviser BNP Paribas Real Estate. The firm bases its findings on take-up, rental growth and investment data across 34 key European cities.
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PropertyEU Archive
Wirral commits to next generation broadband in UK first
Wirral Council in the UK has committed to investing £12 mln i(EUR 13.4 mln) in its IT infrastructure to provide super-fast Next Generation Access (NGA) broadband to businesses throughout the Borough. Wirral is near Liverpool in the northwest of England.
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PropertyEU Archive
European investors stay close to home in 2010: CBRE
Most European real estate investors will target their domestic markets in 2010, although interest in Asia and the US will remain strong, according to the results of a new survey by CB Richard Ellis (CBRE) which was presented on Wednesday at Mipim in Cannes. In the survey of over ...
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PropertyEU Archive
Messe Frankfurt to assist Riga in developing new exhibition centre
Representatives of fair organiser Messe Frankfurt, the city of Riga and business development agency HA Stadtentwicklungsgesellschaft signed a letter of intent at Mipim last week regarding the joint development of a new exhibition and convention centre in the Latvian capital.
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PropertyEU Archive
Property professionals confident in European market recovery
European property professionals have been severely hit by the crisis but many of them are still confident in the market and anticipate an increase in economic activity in the next months, according to the RICS and Macdonald’s & Company European Remuneration Property Survey, launched at Mipim on Wednesday.
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PropertyEU Archive
AXA appoints former Lazard banker as global head of property services
AXA Real Estate Investment Managers (AXA REIM) said it has appointed Anne Kavanagh as Global Head of Property Services Group. Kavanagh, who was previously managing director for real estate at investment bank Lazard London, will be based in London and report to AXA Real Estate Chief Executive Pierre Vaquier, the ...
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PropertyEU Archive
Ernst & Young joins ULI's Urban Investment Network
Accountancy and consultancy group Ernst & Young has become the latest partner to join the Urban Land Institute's Urban Investment Network, which seeks to drive up the rate of investment in Europe's cities through better public-private collaboration. Other partners in the Network, which was established in 2008, include ING Real ...
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PropertyEU Archive
Investors still risk-averse and focussed on prime: CBRE
European real estate investors are still averse to risk and focussed on prime product, but less concerned about property pricing, according to the results of a survey of more than 270 European real estate investors by real estate adviser CB Richard Ellis. The findings were launched at the company’s European ...
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PropertyEU Archive
Financial partnerships increasingly important for developers: Savills
Financial partnerships are becoming increasingly important for developers as they struggle to realise development schemes amid tough financial and economic conditions, according to real estate adviser Savills. The firm notes that credits are often granted on condition a development is at least 50% pre-let and the developer provides sufficient equity, ...
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PropertyEU Archive
Swedish investment volumes up 55% in Q1: Savills
Transaction volumes in the Swedish real estate investment market amounted to SEK 14 bn (EUR 1.4 bn) in the first quarter of 2010, up more than 55% on the figure recorded for the year-earlier period, according to real estate adviser Savills. The firm expects this trend to continue throughout the ...
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PropertyEU Archive
Germany sees renewed interest from international investors
International investors are set to come back to the German market in their search for less volatile markets offering good real estate product. 'The international community is starting to re-appreciate the German market,' Marcus Lemli, head of JLL's capital markets in Germany told PropertyEU in an interview at Mipim on ...
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PropertyEU Archive
Union Investment buys Horizon Plaza from IVG
German open-ended fund manager Union Investment has acquired the Horizon Plaza office scheme in the Mokotow district of Warsaw, according to reliable sources. The transaction is said to reflect a yield of 7%. Union Investment declined to comment.
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PropertyEU Archive
Allianz, Corio buy Porta di Roma mall for EUR 400m
A joint venture of Allianz and Corio signed a preliminary agreement this week to acquire the Porta di Roma shopping centre, according to sources close to the negotiations. The transaction, which was signed on Monday, amounts to around EUR 400 mln, sources say. Corio declined to comment.
