Latest reports – Page 3208
-
PropertyEU Archive
UK mall transactions rise sharply in Q4
A flurry of activity in the UK shopping centre sector during the final quarter of 2009 generated annual turnover of more than £2 bn (EUR 2.2 bn), approximately 42% ahead of 2008, according to property consultant Cushman & Wakefield.
-
PropertyEU Archive
Del Vecchio's Delfin vehicle boosts stake in FDR
Delfin, the holding of Fonciere des Regions' main shareholder Del Vecchio, is further increasing its stake in the French office property group with the acquisition of warrants to be converted into shares representing 1.74% of the group's capital. The operation will allow the Luxembourg-based holding to control a 23.4% stake ...
-
PropertyEU Archive
SPDE sells property in Stavanger to Oslo Areal
Hinna Park AS, a Scandinavian Property Development ASA subsidiary, has entered into an agreement with Oslo Areal AS, regarding the sale of Kanalpiren AS at Hinna, Stavanger. The property comprises approximately 16,000 m[sup]2[/sup] of office space and a parking garage. The transaction is based on a property value of NOK ...
-
PropertyEU Archive
Pitch Promotion delivers Paris' Link building to La Lucette
French property developer Pitch Promotion said it has completed the development of the Link office building in the 15th arrondissement of Paris. The High Quality Environmental (HQE)-certified building, offering 10,500 m[sup]2[/sup] of space and 71 parking spaces on two levels, was delivered last week to the French SIIC La Lucette.
-
PropertyEU Archive
Helaba strengthens French real estate business
Pascal Amann has been appointed senior director of origination for Helaba's real estate business in France. Amann has over 25 years of experience in various positions in the French real estate business covering the investment, treasury and lending side of the business. He has been chief financial officer for French ...
-
PropertyEU Archive
Hochtief lets 2,400m[sup]2[/sup] at Lindley Carrée in Hamburg
Hochtief Projektentwicklung has let a further 2,400 m[sup]2[/sup] of office space at Lindley Carrée in Hamburg to Ipsos, the international corporation for survey-assisted market research, which will relocate its offices to the building in November. Prior to the start of construction work, life assurance company neue Leben Lebensversicherung had secured ...
-
PropertyEU Archive
Servihabitat to sell EUR 20m building in Barcelona
Servihabitat, the property services unit of bank La Caixa, has put an office building on Barcelona's main avenue, Gran Via, on the market, Spanish news agency Efe has reported. The company is targeting a sales price of around EUR 20 mln for the property.
-
PropertyEU Archive
Deutsche Pfandbriefbank issues EUR 1 bn jumbo Pfandbrief
pbb Deutsche Pfandbriefbank on Monday successfully issued a EUR 1 bn public sector jumbo Pfandbrief. The move follows two previous placements of jumbo Pfandbriefs in September and October 2009.
-
PropertyEU Archive
EstCapital launches Venice property fund
Italian fund manager EstCapital has announced that its Città di Venezia real estate fund has become operational with the transfer by the city of Venice of seven properties in exchange for fund units worth EUR 41 mln. In addition, the fund acquired a further 11 properties in January from the ...
-
PropertyEU Archive
HRE to create bad bank for up to EUR 200b in risky assets
Nationalized property financier Hypo Real Estate (HRE) is expected to unload EUR 180 bn to EUR 200 bn of high-risk assets into a bad bank during the coming weeks, according to a report in German weekly Der Spiegel. That would mean the assets would no longer have to be written ...
-
News
INREV warns of market impact on real estate fees
EUROPE – Fund management fees in non-listed real estate vehicles have yet to be affected by the market downturn, but this is expected to change according to the European Association for Investors in Non-listed Real Estate Vehicles (INREV).
-
News
Pension funds consider shift back into property
EUROPE – European and North American pension funds are planning to increase investments in real estate over the coming year and the majority of schemes are reviewing external managers, an asset allocation survey has suggested.
-
News
Asia predicted to drive real estate recovery
ASIA – Emerging Asian economies are likely to spearhead the next phase in the recovery of the global real estate markets, according to Prupim, the real estate division of UK life assurer Prudential.
-
News
Strathclyde pension fund buys BREEAM green office
UK – The Strathclyde Pension Fund has purchased a sustainable office development in Glasgow, which is seen as the first building in the city to achieve a BREEAM (BRE Environment Assessment Method) ‘excellent’ status.
-
News
Hermes swoops on property for BT
UK – Hermes Real Estate has acquired a series of commercial properties, known as the ‘Hawk’ portfolio, on behalf of the BT Pension Fund.
-
News
NPS buys rooms with a view of Sydney Harbour
GLOBAL – South Korea’s National Pension Service (NPS) has bought an office building in Sydney for A$685m (€440m) as it continues to snap up prime assets across the world’s top cities.
-
News
San Mateo County to stay with open-ended fund
UNITED STATES - San Mateo County Employees Retirement Association has rescinded a $70m (€48.5m) capital redemption order for the Invesco Core Real Estate Fund as the value of its overall investment portfolio has improved significantly over the past couple of years and officials no longer feel the need to withdraw ...
-
News
Ohio Police & Fire places blind faith in LaSalle
UNITED STATES - Ohio Police & Fire Pension Fund is hoping to tap real estate opportunities as the market improves and made a $60m (€41.6m) allocation to the LaSalle US Property blind pool investment fund.
-
PropertyEU Archive
Telereal Trillium appoints CBRE to advise on £475m sale
Telereal Trillium has appointed CB Richard Ellis to advise on the potential sale of the Oak Portfolio. The UK-wide portfolio comprises 55 assets principally let to Royal Bank of Scotland until 2037, with the leases benefitting from annual Retail Price Index (RPI) rental uplifts. CBRE said that it is aiming ...
-
PropertyEU Archive
Fee changes limited despite market conditions
Only 22 out of 268 funds altered their fee terms in 2009, according to the latest report from Inrev, the organisation for non-listed real estate investors.
