Latest reports – Page 3249
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News
INREV members fear market will not recover until 2011
EUROPE – Investor sentiment among the unlisted real estate funds community in Europe has deteriorated since the end of 2008 to the extent that most believe markets will not improve before 2011.
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News
Varma acts on real estate regrowth
FINLAND – VR Pension Fund has re-entered the real estate market after a two-year absence, following the decision by a Finnish construction company to sell assets to local pension funds.
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News
ING to focus on mixed use real estate projects
GLOBAL – Dutch-headquartered real estate investor ING Real Estate Development is planning to invest in and develop projects over the next few years which provide secure but mixed origin revenue.
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News
Principal raises $214.4m for green fund
UNITED STATES - Principal Real Estate Investors has raised $214.4m (€144.6m) in equity commitments for its Green Property Fund.
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News
L&B Realty expands to Europe
UNITED STATES - L&B Realty Advisors is making its first venture into Europe with a partnership being formed with Mayfair Capital Investment Management.
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News
Real estate future still uncertain for CEE
CENTRAL/EASTERN EUROPE – While Poland and the Czech Republic are showing signs of recovery, other CEE real estate markets are still suffering from a major investment withdrawal of assets over the last 12 months, according to Austria’s Erste Group.
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News
Urdang opens way to new debt strategy
UNITED STATES - Urdang Capital Management has taken a novel approach to building a new real estate debt strategy by hiring eight people from Capmark Investments, as the move means it will also act as a non-discretionary sub-adviser for two of Capmark’s commingled funds.
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PropertyEU Archive
Fondiaria-Sai to spin off EUR 323m of assets to new fund
Italian insurance group Fondiaria-Sai and its unit Milano Assicurazioni have approved a plan to spin off EUR 323 mln of real estate into a new closed-end fund. The Fondo Rho investment vehicle will have a life of 10 years and will be managed by Italian fund manager Fimit.
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PropertyEU Archive
BNP Paribas REIM buys EUR 215m of assets in 2009
BNP Paribas Real Estate Investment Management (REIM) has acquired EUR 215 mln of real estate in the first nine months of the year?. The purchases represent an increase of over 37% in comparison to the same period a year before, the company said.
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PropertyEU Archive
Lebanese to acquire Credit Suisse's Canary Wharf office - report
A consortium of Lebanese investors led by M1 Real Estate has reportedly agreed to acquire 20 Columbus Courtyard at Canary Wharf from Credit Suisse for more than £150 mln (EUR 164 mln).
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PropertyEU Archive
L&G passes £110m milestone in acquisition drive
Legal & General Property has completed over £110 mln (EUR 120 mln) of acquisitions as part of its major investment drive to take advantage of the market volatility and capture the 'rare opportunities' presenting themselves in the UK market.
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PropertyEU Archive
Carlyle agrees student accommodation jv for Benelux
Global private equity firm the Carlyle Group (Carlyle), has announced the expansion of its real estate operations into the Benelux region by signing a joint venture agreement with Benelux Property Group to build a portfolio of student housing in the region.
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PropertyEU Archive
Westimmo completes EUR 100m secured loan for Prologis
German lender Westimmo announced on Monday that it has completed a EUR 100 mln structured financing with Prologis on behalf of Prologis European Properties Fund II.
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PropertyEU Archive
API Netherlands sells office complex to Schalkwijk Vastgoed
Aberdeen Property Investors Netherlands has sold an office complex in the Dutch city of Eindhoven on behalf of a Swedish pension fund to Schalkwijk Vastgoed. An article in Monday's newsletter incorrectly stated API Netherlands had acquired the building for its client.
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PropertyEU Archive
British Land acquires London office property for EUR 44m
British Land announced on Monday that it has exchanged contracts to buy 39 Victoria Street, a 7,000-m[sup]2[/sup] office building in London's West End, from Aviva Investors for £40.25 mln (EUR 44 mln). The investment volume represents an initial yield of 8.4%.
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PropertyEU Archive
Former Morgan Stanley research head joins Tristan as COO
Tristan Capital Partners has appointed former Morgan Stanley research head Ian Laming as chief operating officer (COO). Laming was co-head of Equity and Fixed Income Research at Morgan Stanley in London from 2005 until 2007, where he co-managed a department of 265 professionals.
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PropertyEU Archive
Inarcassa shortlists four bidders for EUR 600m portfolio
Inarcassa, the Italian pension fund for self-employed engineers and architects, has shortlisted four companies for the management of EUR 600 mln worth of real estate assets, Italian newspapers reported on Friday. The four bidders are reportedly a partnership of Hines and Salvatore Ligresti's Sai holding company, as well as Fabbrica, ...
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PropertyEU Archive
Commerzs Real acquires Paris office scheme for EUR 120m
German investor Commerz Real confirmed on Monday that it has acquired the Espace Kléber office scheme in Paris for about EUR 120 mln. The seller was French shopping centre specialist Klépierre.
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PropertyEU Archive
Spanish office investment market may pick up in Q4
First-half investment in Spanish office properties was at its weakest level in over a decade but the market could pick up in the second part of the year as a number of transactions are currently being negotiated.
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PropertyEU Archive
Aberdeen signs asset management deal in Netherlands
The Dutch arm of Aberdeen Property Investors has signed an asset and property management contract with Hamburg's HSH Real Estate for a 29,000 m[sup]2[/sup] retail unit in Amsterdam. The unit at Sijsjebergweg in the Dutch capital was bought by LB Immo Invest from Borghese Real Estate and is leased to ...
