Latest reports – Page 3205
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PropertyEU Archive
Investment in London commercial property rallies at year-end: C&W
London has recorded its third consecutive quarter of rising commercial property investment, according to new statistics published by property adviser Cushman & Wakefield (C&W). In the fourth quarter investment volumes rose to £3.1 bn (EUR 3.5 bn), up from £1.6 bn in Q3, for an annual total of £6.81bn.
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PropertyEU Archive
Argo RE appoints DTZ to manage Romanian shopping centres
Argo Real Estate has appointed DTZ's Romanian arm, DTZ Echinox, to manage its Suceava and Sibiu shopping centres in Romania. 'By winning these two major retail schemes, DTZ triples the size of its property management portfolio, only four months after the restructuring of the department,' the broker said.
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PropertyEU Archive
Deka mandates CBRE to manage French assets
Deka Immobilien has appointed CB Richard Ellis to manage half of its portfolio s in France. The international property services group will manage 12 office, retail and logistics buildings which cover a total of 163,591 m[sup]2[/sup].
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PropertyEU Archive
Affine divests EUR 26m worth of property
Affine has divested EUR 26 mln worth of property in France as part of its strategy to dispose of non-strategic assets. The French real estate investment trust, or SIIC, sold six 'mature' office buildings located in Avignon, Bailly, Nantes, Sèvres, Paris and Sophia Antipolis. This brings the group's total sales ...
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PropertyEU Archive
Henderson to re-open New Star International Property
Henderson Global Investors is re-opening the New Star International Property Fund for dealing. The £290 mln (EUR 332 mln) vehicle was closed in November 2008 following 'unusually heavy redemptions' in the wake of the credit crisis.
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News
Dutch pensions funds reduce direct property by €3.5bn
NETHERLANDS - The combined direct property investment of Dutch pension funds has decreased significantly, but schemes are still interested in holding office buildings, according to the Dutch regulator De Nederlandsche Bank.
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News
ICL pension plan moves into real estate
UK – The ICL Common Investment Fund, the investment vehicle for the ICL pension fund, made its first allocation to real estate in 2009, and invested £33m (€37.3m) through ING Real Estate Investment Management.
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News
Ohio PERS extends another $600m to core real estate
UNITED STATES - Ohio Public Employees Retirement System has approved new commitments totaling $600m (€412.4m) into the core open-ended JP Morgan Strategic Property and the UBS Trumbull Property funds.
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News
UK pension funds to invest in real estate recovery
UK – Aviva Investors has raised £200m (€226m) from a number of UK local authority and corporate pension schemes for a new fund designed to capitalise on the market recovery in the UK but without using gearing.
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News
Alecta outsources French real estate management
SWEDEN – The asset management arm of Swedish occupational pensions mutual Alecta is to transfer the management of its real estate portfolio in France.
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News
M&G checks real estate assets into Premier Inn
UK – M&G Investments has acquired five Premier Inn hotels for its Secured Property Income Fund, which offers inflation-linked income to institutional investors, including UK pension schemes.
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News
CPPIB shops for San Diego retail
UNITED STATES – The Canada Pension Plan Investment Board (CPPIB) has completed its first ever joint venture with Donahue Schriber on a retail property in San Diego.
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News
New arrival to pursue European deals for OMERS
GLOBAL – Oxford Properties, the real estate division of Canadian pension fund OMERS, has appointed Simon Marriott to lead its European investment programme as it gears up to make its first acquisitions in the UK since 2007.
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PropertyEU Archive
Deutsche Bank and Don Stroy agree major Russian leasing
Deutsche Bank and DS Development (Don-Stroy) have announced they have completed one of the largest deals on the Russian office market in 2009. Deutsche Bank leased more than 7,000 m[sup]2[/sup] of office space in the Begovaya NordStar Tower business centre for a seven-year period. The leased floor space will provide ...
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PropertyEU Archive
Orco's bondholders reject debt proposal
Troubled Central European developer Orco has failed again to get bondholders' approval on a plan to restructure its debt. The Paris-based company, which has been under creditor protection since last March, had put forward a proposal to its bondholders to swap around EUR 400 mln of debt for stock.
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PropertyEU Archive
Corestate Capital acquires 4,700 apartments in Germany
Swiss real estate private equity firm Corestate Capital has entered into an agreement to acquire around 4,700 apartments from BGP Investment in Germany. The portfolio comprises over 300,000 m[sup]2[/sup] of lettable space in the west of the country and currently carries about EUR 150 mln of debt financing.
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PropertyEU Archive
Atenor places EUR 75m bond to fund development, new deals
Belgian property developer Atenor has successfully placed a EUR 75 mln five-year bond aimed at diversifying its sources of financing. The company said that the bond offering was raised from EUR 50 mln to EUR 75 mln as a result of 'considerable demand' from investors.
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PropertyEU Archive
L&S buys £33m distribution unit in the UK
London & Stamford Property has made its first investment of 2010 with the acquisition of a freehold distribution unit in Tamworth, UK. In a statement on Monday, the company said that it has exchanged contracts with Clerical Medical Investment to buy the asset for £33.3 mln (EUR 38 mln), reflecting ...
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PropertyEU Archive
Acciona sells building in Valencia for EUR 24m
Spanish energy and construction group Acciona has sold the Alameda office building in Valencia to the Zriser Group. The transaction price amounts to EUR 24.3 mln. The property offers 11,200 m[sup]2[/sup] of office space and an underground parking lot on three levels. Major tenants in the building include Vodafone and ...
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PropertyEU Archive
Mercialys, Coop d'Alsace team up in Strasbourg project
French retail property group Mercialys is joining forces with the Union des Coopérateurs d’Alsace (Coop d'Alsace) to carry out a full renovation of the retail gallery within the Leclerc shopping centre on the Geispolsheim site in Strasbourg. Mercialys said that Coop d'Alsace has transferred ownership of the shopping centre to ...
