Latest reports – Page 3195
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PropertyEU Archive
Prime rents in London's West End set to rise 40% by 2012
Cushman & Wakefield has forecast that prime West End rents will rise by 40% between now and 2012, marking a return to levels above £9 (EUR 10.2) per m[sup]2[/sup]. The adviser also foresees that lack of supply will lead to a return in pre-letting activity over the period.
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PropertyEU Archive
LaSalle Investment Management sells Reading retail units
LaSalle Investment Management has announced the sale of 89 & 89a Broad Street, Reading to the Local Authority Mutual Investment Trust (LAMIT) for £7.5 mln (EUR 8.5 mln) or a net initial yield of 5.54%. The sale was made on behalf of the HSBC Bank Pension Trust (UK).
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PropertyEU Archive
British Land sees portfolio rise 8% in value in Q3
British Land saw the value of its total investment portfolio rise by 8.2% to £7.9 bn n the third quarter to end-December. Net asset value increased 18%, reflecting a return to IFRS pre-tax profit of £611 mln. In the same year-earlier period, the London-listed company booked a loss of £1.6 ...
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PropertyEU Archive
Accor confirms sale of Portuguese hotel
French hotel group Accor has confirmed the sale of the Novotel Vermar hotel in Portugal to local hospitality company Axis. An Accor spokesperson said that the sale agreement was signed on January 29. The companies agreed not to disclose the transaction price.
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PropertyEU Archive
Generali refinances EUR 133m property acquisition
Italian insurance giant Generali has announced that it has refinanced EUR 133 mln worth of debt related to the acquisition of 19 commercial properties (retail assets and warehouses) located on the French island of La Reunion, in the Indian ocean. The properties, acquired at end 2007 from French supermarket giant ...
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News
Pension funds pile into UK property
UK – Pension funds and other institutional investors poured more capital into the UK real estate market in the fourth quarter of 2009 than during any other three-month period on record, according to the Association of Real Estate Funds (AREF).
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News
UK pension funds to tap smaller property deals
UK – A number of large UK corporate pension funds will take advantage of a neglected segment of the real estate market through a new fund managed by First Property Asset Management (FPAM), a subsidiary of First Property Group.
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News
IPD update forces questions about UK recovery
UK – The latest results from Investment Property Databank’s (IPD) UK quarterly property index have prompted fund managers to question the sustainability of the market’s recovery.
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News
Property bounce aides Belgian pension funds
BELGIUM – A study of 90 active pension funds by consultancy Mercer suggests Belgian pension funds returned a median of 18.5% on investments by the end of 2009, thanks to a rally in equities and real estate.
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News
Clavis Walden paifs the way with new structure
UK – Clavis Walden has become the first fund manager to launch a property authorised investment fund (PAIF), an open-ended fund structure offering pension funds the same UK tax benefits as a real estate investment trust (REIT).
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News
South Korea becomes latest to buy Gatwick stake
GLOBAL - The National Pension Service (NPS) of South Korea has agreed to buy a 12% stake in London’s Gatwick airport.
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News
SURS takes conservative approach to real estate
UNITED STATE - State Universities Retirement System of Illinois (SURS) is planning to apply conservative growth to its 6% targeted allocation to real estate.
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News
Nebraska nears investment in secondary market (amended)
UNITED STATES - Nebraska Investment Council is expected to put money in the secondary real estate market next month on behalf of its pension fund, and may make a $25m (€17.9m) investment in a Landmark Partners fund.
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PropertyEU Archive
Unibail-Rodamco sees 2010 as 'transition year' to renewed growth
Unibail-Rodamco reported on Monday that hefty declines in asset values pushed its losses for 2009 to EUR 1.46 bn from EUR 1.1 bn the year before. But the largest listed real estate group in Europe said 2010 would be a 'transition year' on the way to renewed growth.
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PropertyEU Archive
AREA teams up with PMB to acquire Gartmore House in London
AREA Property Partners and Peter Beckwith's PMB Holdings have completed the acquisition of Gartmore House in the City of London from Hines European Value Added Fund (HEVAF). The financial details were not disclosed.
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PropertyEU Archive
JLL and Salans advise seller in major Russian hotel deal
Jones Lang LaSalle Hotels and International law firm Salans said they advised Nairay Holdings in the first Russian hotel transaction of the year in the sale of the Sheremetyevo-2 Hotel to Wenaas Hotel Russia, part of Wenaasgruppen, one of the largest hotel real estate companies in Scandinavia. The newly acquired ...
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PropertyEU Archive
Danone sells its Polish headquarters
Property adviser Cushman & Wakefield announced on Monday that it has represented Danone in the sale-and-leaseback transaction by the French food products multinational of its main office building in Poland. The financial details were not disclosed.
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PropertyEU Archive
Legal & General launches LPI Income Property Fund
Legal & General has launched a new £500 mln (EUR 570 mln) fund product which the UK financial services group said offers Defined Benefit pension schemes an innovative way to invest in property coupled with a secure source of income, primarily government-backed, all with inflation-linkage. The LPI (Limited Price Inflation) ...
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PropertyEU Archive
Real I.S. seeks KAG status in Germany
Real I.S. has said it intends to launch special funds under German investment law for institutional investors itself in future. To this end, Real I.S. has applied to the German Federal Financial Supervisory Authority (BaFin) for the licensing of its newly founded subsidiary as a German KAG (investment company).
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PropertyEU Archive
Daniel Labbad appointed chairman of UK Green Building Council
Daniel Labbad, CEO Europe at Lend Lease is succeeding Peter Rogers as chairman of the UK Green Building Council. He takes up the position at a crucial time for the UK-Green Building Council as all political parties look towards the construction and property sector to deliver on sustainability targets. The ...
