Latest reports – Page 3225
-
PropertyEU Archive
King Sturge calls for retro-fitting to save energy
Retro-fitting buildings and places, as part of an overall sustainable strategy, is the main challenge for the European property market over the next two to five years, according to a new report published by King Surge.
-
News
USS swaps retail for more warehouse space
UK – A complex deal between Universities Superannuation Scheme (USS) and Henderson Global Investors has enabled the pension fund to diversify its UK retail warehouse portfolio, while the investment manager has reduced the leverage in one of its funds.
-
News
UK property debts reduce but covenant breaches double
UK – The volume of debt secured against UK commercial real estate fell in 2009, but the value of loans reported to be in breach of financial covenant almost doubled in the first half of the year, according to a new study.
-
News
ING RE FoF shake-up shakes out Cooper
GLOBAL – Global multi-manager ING Real Estate Select is to lose its founder and chief executive because it is relocating to its parent company’s home country.
-
News
CalSTRS’ real estate falls another $327m
UNITED STATES - The California State Teachers Retirement System saw the value of its real estate portfolio fall by another $327m (€217m) during the third quarter of 2009, confirming the difficult market conditions that US pension funds are still suffering.
-
News
Schroder predicts volatile UK property upswing
UK – The sharp turnaround in the performance of the UK commercial real estate market is set to continue through the first six months of 2010 although activity will not be smooth, according to Schroder Property Investment Management.
-
News
Florida pension fund dips into real estate
UNITED STATES – The City of Lakeland (Florida) Employees’ Pension and Retirement System is planning to invest in real estate for the first time.
-
News
Secondary real estate trading dried up - INREV
EUROPE – Most European real estate fund of funds (FoF) managers turned their backs on the practice of trading secondary fund interests in 2009, as the number of transactions has dropped from 50 in 2008 to just five deals so far this year.
-
News
REITS body predicts market upturn, as HSBC predicts down
GLOBAL – Real estate investment trusts (REITs) and other listed property companies could be in a position to “mount a startling about-turn in fortunes” as investors begin to allocate capital back to the sector, according to Reita.
-
PropertyEU Archive
Dutch pension group divests last direct properties for EUR 105m
Two Dutch private investors have jointly acquired a portfolio of 11 properties from health insurers' pension fund Stichting Bedrijfspensioenfonds Zorgverzekeraars (SBZ) for EUR 105 mln. The portfolio mainly comprises homes and retail units, plus three office buildings and an industrial asset mainly in the Randstad urban agglommeration in the western ...
-
PropertyEU Archive
GOEFs lower risk profile through broad geographic spread: BVI
The broad geographic spread of investments by German open-ended property funds (GOEFs) has clearly reduced the funds' risk profile, according to new figures from investment fund body BVI.
-
PropertyEU Archive
Aviva Investors sells £260m portfolio to Swip Property Trust
Aviva Investors, the global asset management business of UK insurance group Aviva, has sold a portfolio of 12 UK commercial properties to Scottish Widows Investment Partnership (Swip) Property Trust for about £260 mln (EUR 287.5 mln). The deal reflects an initial yield of approximately 7%.
-
PropertyEU Archive
Gatehouse Bank buys Procter & Gamble UK HQ
Gatehouse Bank has acquired the UK headquarters of pharmaceutical giant Procter & Gamble from Prupim for £31.55 mln (EUR 35 mln). This is the first acquisition by the bank's real estate team, which originated, advised and funded the investment for a syndicate of private clients from the GCC region.
-
PropertyEU Archive
MRM delivers Carre Velizy complex near Paris
Paris-listed commercial property company MRM has announced the opening of the new Habitat store in Vélizy-Villacoublay, near Paris. The store is part of the Carré Vélizy development owned and developed by MRM. The opening of the store by home furnishing retailer Habitat marks the final phase of the redevelopment of ...
-
PropertyEU Archive
Glyn Evans elected chairman of RICS Czech branch
Glyn Evans, head of Project Management at King Sturge Prague, has been elected chairman of the Czech branch of the Royal Institution of Chartered Surveyors (RICS).
-
PropertyEU Archive
UBS leases 1,400 m[sup]2[/sup] of space in Barcelona business park
Property services groups Jones Lang LaSalle and Exa said that they have leased out around 1,400 m[sup]2[/sup] of office space in UBS' Vallsolana Garden business park in San Cugat del Vallès, near Barcelona. Sports maker retailer Reebok has become the first tenant in the business park by taking 1,400 m[sup]2[/sup] ...
-
PropertyEU Archive
Fund of funds activity falls but sector sees new opportunities
Five equity investments totalling a mere EUR 75 mln were made into non-listed property fund of funds in the first nine months of 2009, according to the latest Fund of Funds survey by Inrev, the organisation for the non-listed real estate sector. This compares with 97 investments totalling EUR 2.2 ...
-
PropertyEU Archive
Hudson Advisors expands into Europe
US commercial mortgage servicer and asset manager Hudson Advisors Europe has opened an office at Finsbury Market in London as part of its expansion into Europe. In addition, Standard & Poor's Ratings Services has initiated coverage of Hudson Advisors Europe with an 'average' ranking on the business as a special ...
-
PropertyEU Archive
BNP Paribas launches 76,000 m[sup]2[/sup] mixed-use project in Paris
BNP Paribas Immobilier has announced the launch of a 76,000 m[sup]2[/sup] mixed-use project in the new Claude Bernard district of Paris (19th arrondissement). The new complex, mostly for office and residential use, will be developed through a public-private partnership with Semavip, the property development company of the City of Paris.
-
PropertyEU Archive
Metrovacesa puts its residential portfolio on the market
Madrid-based property company Metrovacesa said that it is launching the largest campaign of home sales in Spain with discounts of over 50% to the initial asking price.
