Latest reports – Page 3215
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PropertyEU Archive
ING RED sells seven court buildings to Dutch State for EUR 200m
ING Real Estate Development (ING RED) is selling seven court buildings in the Netherlands to the Dutch State for about EUR 200 mln. The properties were developed by ING RED at the request of the State in the 1990s and leased on a long-term basis to the Rijksgebouwendienst, the Dutch ...
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PropertyEU Archive
Mutuelle Médicis buys EUR 25m worth of projects
French pension fund Mutuelle Médicis has acquired four development projects in France from sellers JCA, Hill & Associés and Cirmad for a total of EUR 25 mln. The High Environmental Quality (HQE) projects will provide 7,500 m[sup]2[/sup] of space on completion in 2010 and 2011. Adyal advised Mutuelle Médicis on ...
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PropertyEU Archive
Hammerson picks up EUR 450m mall development in Marseille
Hammerson has acquired Les Terrasses du Port, Marseille, one of the largest shopping centre developments anticipated in France in the next few years. The vendor is Foruminvest, a private developer based in Holland. The initial capital commitment, including acquisition costs, is expected to be approximately EUR 50 mln in the ...
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PropertyEU Archive
Cofinimmo reports string of acquisitions and disposals
Cofinimmo has added four care homes in Belgium to its portfolio and acquired a new office project in Antwerp for just over EUR 11 mln. The Brussels-based real estate firm also disposed of the property rights to a business park in the Belgian town of Wavre and sold the Astronomie ...
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PropertyEU Archive
Evans Randall kicks off new European drive with acquisition in Moscow
Evans Randall, the privately held UK investment banking and private equity group, has acquired Silver City, a prime office complex in central Moscow, as part of a renewed programme of prime property acquisitions in Europe. Silver City is a 41,650 m[sup]2[/sup] complex of grade A offices completed in 2007, located ...
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PropertyEU Archive
Media Markt opens at Sistema-Hals' Detsky Mir mall in Kazan
Sistema-Hals, one of the biggest companies in the Russian and CIS real estate market, has announced the opening of the Media Markt and Detsky Mir stores in Detsky Mir shopping centre in Kazan. The grand opening of the first electronics store in the Tatarstan Republic took place on 16 December.
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News
BP pension fund and GPE buy a piece of London’s Regent St
UK – F&C REIT Asset Management and AREA Property Partners have sold one of the top assets from the Dawnay Day portfolio they acquired in March to the BP pension fund and Great Portland Estates (GPE).
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News
Merchant Navy sells Waitrose property (amended)
UK – Wilky Fund Management has sold a Waitrose supermarket store in Cheadle Hulme on behalf of the Merchant Navy Officers Pension Fund, which is considering reducing its real estate exposure.
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News
IVG moves out of direct German property management
GERMANY – The IVG real estate group is slimming down its operations and transferring its German property management activities to third parties following a bidding process.
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News
Wisconsin turns to real estate fund of funds
UNITED STATES - Wisconsin State Investment Board has made a $27.5m (€18.8m) investment in the Core Plus Real Estate Fund Q, which is structured by the pension fund as a convertible preferred equity investment.
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News
Internos pays €2 for GPT Halverton
EUROPE – Internos Real Investors, the fund manager founded by Jos Short and Andrew Thornton, has acquired GPT Halverton (GPTH), giving it an established European investment platform.
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News
Pension funds to tap struggling US hotels market
UNITED STATES- US pension funds are returning to the real estate investment market to plug into opportunities in the struggling upscale hotel market.
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News
Meulenbelt to step into Cooper’s shoes at ING RE
GLOBAL – Jan Meulenbelt has been announced as the replacement for Nick Cooper, who is leaving as global head of ING Real Estate Select - the global multi-manager business he helped established.
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News
Prupim secures derivatives marker for real estate
UK – Prupim, the real estate division of UK life assurer Prudential, has executed a series of UK property derivatives valued at more than £100m (€110m).
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PropertyEU Archive
Reyal Urbis' main creditors make debt refinancing offer
Reyal Urbis' major creditors have made an offer to restructure the debt-laden Spanish real estate developer's EUR 4.8 bn of debt, Dow Jones reported, quoting a financial source close to the process. Reyal must agree to the creditors' conditions outlined in a term sheet which has been agreed by 10 ...
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PropertyEU Archive
Hammerson jv acquires Glasgow mall for EUR 334m
Hammerson and Canada Pension Plan Investment Board (CPPIB) have acquired Silverburn shopping centre in Glasgow for £297 mln (EUR 334 mln). The two parties said on Monday that they have entered into a 50:50 joint venture which has acquired Retail Property Holdings from The Elementary Property Company which acted as ...
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PropertyEU Archive
Bouygues completes development of Technopole complex
French property developer Bouygues Immobilier said it has completed the development of its Technopôle business complex in Meudon-la-Forêt, in the French Hauts-de-Seine region. The scheme will house the new office of Bouygues Telecom which will relocate to the property in January 2010 with a staff of 3,000.
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PropertyEU Archive
Crein spends EUR 100m on Afirma stake
Valencia-based property development company Crein has acquired a 24.5% stake in Madrid-listed Afirma Grupo Inmobiliario from the company's main shareholder Martibalsa. The acquisition represents an investment of EUR 102.5 mln, based on Afirma's closing share price on the same day of the acquisition.
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PropertyEU Archive
BNP Paribas RE boosts property management with new European mandates
France's BNP Paribas Real Estate said that its property management unit has increased assets under management by over 2.2 million m[sup]2[/sup] in the course of 2009, reaching a total of 28 million m[sup]2[/sup] of commercial space across Europe.
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PropertyEU Archive
GVA Sawyer JV to invest $100m in Russia's first outlet centre
A joint venture of Russia's GVA Sawyer, Belgium's Liebrecht & Wood and Poland's Fashion House Development is investing $100 mln in the acquisition and development of a site which will house Russia's first outlet centre near Moscow.
