Latest reports – Page 3239
-
PropertyEU Archive
L&G acquires office near Heathrow for EUR 29m
Legal & General Property has acquired the freehold interest of No 4 The Square, Stockley Park, near London's Heathrow Airport for £26 mln (EUR 29 mln), representing a net initial yield of 8.76%. The 7,560-m[sup]2[/sup] of Grade A office building was bought on behalf of L&G's Linked Pensions Fund from ...
-
PropertyEU Archive
WGF transfers property management to Koch Immobilien
WGF Westfälische Grundbesitz und Finanzverwaltung has transferred the property management for its residential and commercial real estate holdings to Koch Hausverwaltungs in Düsseldorf.
-
News
US pension funds warned of prolonged property dislocation
US – There are concerns in the US that pension fund allocations to real estate could suffer as a result of prolonged dislocation and modest performance in the coming years, the latest report by PricewaterhouseCoopers and ULI has revealed.
-
News
Korea’s NPS moves into London offices
UK/South Korea – Rockspring Property Investment Managers has acquired the first two UK real estate assets for the National Pension Service (NPS) of South Korea, after being appointed to target prime central London assets.
-
News
Investor demand sees Hermes shift money into PUT
UK – Hermes Real Estate will “phase” new investments into its UK Property Unit Trust (HPUT) following an upturn in demand from corporate pension funds and local authorities.
-
News
Consultancy LCP encourages return to UK property
UK – Consulting firm Lane, Clark & Peacock is advising its pension fund clients to move back into investing in UK property, following recently improved sentiment towards the UK commercial sector.
-
News
Maudsley lands a new role
EUROPE – Charles Maudsley, currently co-head of Europe for LaSalle Investment Management alongside Simon Marrison, is leaving to work for British Land and will not be replaced.
-
News
USS makes industrial move
UK – The Universities Superannuation Scheme (USS) has continued to build its exposure to the UK industrial sector with the purchase of the Great Western Industrial Park in Southall, West London for £110.4m (€124m).
-
News
SanFran City & County suffers fresh real estate drop
UNITED STATES - San Francisco City and County Employees Retirement System took another hit on its real estate portfolio in the first half of 2009, as the falling market continued to hurt investment returns and income.
-
News
Mercer expands its real estate staff
UNITED STATES - Mercer Investment Consulting has expanded its US real estate team and hired Chad McWhorter as an associate.
-
News
'Stuck' on governance: perspectives at PREA
Governance issues and the investor/manager relationship occupied centre stage at this year’s PREA Annual Plan Sponsor Real Estate Conference in Beverly Hills, as Martin Hurst reports.
-
PropertyEU Archive
UK bank real estate lending falls in Q3: JLL
The latest Bank of England lending figures show that bank lending in sterling to real estate over the third quarter of 2009 fell for the first time since December 1997, according to Jones Lang LaSalle.
-
PropertyEU Archive
Nexity delivers 20,000 m[sup]2[/sup] scheme near Barcelona to UBS
French property company Nexity said it has completed a new 19,500 m[sup]2[/sup] office complex located in Sant Cugat del Vallès, near Barcelona. The scheme, comprising the Kibo and Vinson buildings, was developed for UBS Euroinvest Immobilien, a real estate fund managed by UBS Global Asset Management.
-
PropertyEU Archive
ECE to lease and manage Central Bratislava
Immocap Group has commissioned ECE Projektmanagement Praha for the planning, leasing and centre management of the Centrál shopping centre in Bratislava. 'We are very pleased that we have won such an important and experienced partner as ECE for our project,' said Petr Luke and Michal Lazar, managing directors of the ...
-
PropertyEU Archive
FDL buys EUR 118m worth of property from Predica
Foncière Développement Logements (FDL) has acquired EUR 118 mln worth of property in France from Credit Agricole's insurance arm Predica.
-
PropertyEU Archive
Pirelli RE sees 3Q loss widens to EUR 58m
Pirelli Real Estate saw its losses widen to EUR 58 mln in the first nine months of the year from EUR 13 mln a year before. Revenues dropped 33% to EUR 199 mln in the third quarter, from EUR 296 mln in the same period in 2008.
-
PropertyEU Archive
YIT and BPT form Russian development partnership
Finnish international developer YIT and Copenhagen-based Baltic Property Trust (BPT) have signed a strategic partnership agreement for the Russian real estate market.
-
PropertyEU Archive
Urbas Guadahermosa to issue EUR 150m worth of bonds
Spanish property company Urbas Guadahermosa plans to issue EUR 150 mln in convertible bonds, increasing its share capital to EUR 240 mln.
-
PropertyEU Archive
Acciona to sell Madrid office for EUR 100m
Spanish infrastructure group Acciona has reportedly entered into exclusive negotiations with pension fund La Mutualidad de la Abogacía (the Spanish private pension fund for lawyers) to sell two office buildings in Madrid for EUR 100 mln. According to a news report in Europroperty, the two buildings are located in Madrid's ...
-
PropertyEU Archive
Robust rents slow capital depreciation in Netherlands
Dutch commercial property markets have completed four consecutive quarters of negative capital growth although the latest third quarter figure, at -0.8%, is the shallowest decline since the downturn, according to the ROZ/IPD Netherlands Quarterly Property Index.
