Latest reports – Page 3261
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PropertyEU Archive
Eurasia puts Moscow's Paveletsky mall on the market
Russia's Eurasia Investment & Industrial Group has put its flagship Paveletsky shopping and entertainment centre in Moscow on the market. According to an article on news website DW, the project involved development costs of about $200 mln (EUR 135 mln). The scheme comprises 117,000 m[sup]2[/sup] of retail space distributed across ...
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PropertyEU Archive
Colonia closes EUR 67m asset disposal
Cologne-based Colonia has announced the completion of the disposal of 937 residential and 79 commercial units in Berlin for EUR 67 mln. The properties owned by three Colonia subsidiaries were acquired by a consortium consisting of Conwert Immobilien Invest SE and Kronberg RE.
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PropertyEU Archive
London office market heading out of recession - C&W
The third quarter ending on 30 September will be the best for the London office letting market since the collapse of Lehman Brothers, according to a report from real estate advisor Cushman & Wakefield.
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PropertyEU Archive
Tide turning on institutional interest in UK commercial property
More than half of the UK's institutional pension funds are planning to increase their commercial property investment allocation - despite the dramatic falls in values since 2007, according to new research published on Monday by global real estate investment manager Prupim and the Pensions Management Institute (PMI).
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PropertyEU Archive
CBRE Investors sells office building in Leeds
CB Richard Ellis Investors announce that its Strategic Partners UK team has sold One Leeds City Office Park to Credit Suisse for £17.17 mln. representing a net initial yield of 8%.
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PropertyEU Archive
CBRE advises BBVA on largest deal of the year
CB Richard Ellis said it advised Spanish bank BBVA on the sale-and-leaseback of its real estate portfolio, comprising more than 948 bank branches and office buildings throughout Spain. This is the largest property disposal so far in 2009.
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PropertyEU Archive
HSBC tower close to third sale in two years
Two Asian groups are reportedly competing to acquire the HSBC tower in London for about EUR 875 mln. If a deal goes ahead, it will be the third time the tower has changed hands in two years.
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PropertyEU Archive
NH Hoteles, Hesperia to merge hotel management business
Spanish hotel chains NH Hoteles and Hesperia have signed an agreement for the integration of their hotel management businesses. The deal implies the creation of the largest Spanish hotel group within the urban segment, the two partners said in a statement.
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PropertyEU Archive
Klepierre's Odysseum mall opens its doors in Montpellier
French property company Klepierre has announced the opening of its Odysseum shopping centre in the French city of Montpellier.
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PropertyEU Archive
CoreNet Global announces the retirement of CEO Prentice Knight
CoreNet Global has announced that its CEO for the last three years, Dr. Prentice Knight, is to retire. Dr. Knight was named CEO in April 2006.
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PropertyEU Archive
Reyal Urbis halts development of Madrid project
Troubled Spanish property company Reyal Urbis has frozen the development of its flagship project in Madrid, Castellana 200, amid difficulties in refinancing EUR 4.8 bn of debt, Spanish newspapers have reported.
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PropertyEU Archive
Metrovacesa in talks to dispose of EUR 150m hotel
Spanish property group Metrovacesa is negotiating the sale of its Husa Princesa hotel in Madrid, according to Spanish newspaper Expansion. The Paris-based investment fund SA Continental Property Investments is the frontrunner in the bid to acquire the asset, whose value is estimated to be around EUR 150 mln. BNP Paribas ...
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News
APG-led action forces ProLogis into talks
EUROPE – Prologis European Properties (PEPR) has postponed an extraordinary general meeting (EGM) following shareholder activism led by APG.
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News
Return targets are aimed too high, say real estate experts
US/UK – Return expectations for opportunistic real estate strategies targeting the UK and US may be too high, experts have warned.
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News
RBS pension fund signs airspace tenants
UK – Standard Life Investments has let over 105,000 square feet of warehouse space in the South East of England on behalf of the pension fund of the Royal Bank of Scotland.
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News
UK pensions see fresh life in real estate
UK – More than half of UK pension funds are planning to increase their allocation to commercial real estate, despite the dramatic falls in values since 2007, according to research by investment manager Prupim and the Pensions Management Institute.
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News
German real estate potential leapfrogs London and Paris
EUROPE – Munich has overtaken London and Paris as the best European city for real estate investment over the medium-term, according to LaSalle Investment Management.
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News
APREA opens its doors to pension funds
ASIA – Pension funds will be able to join the Asian Public Real Estate Association for the first time after the organisation created a new membership category.
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News
Rothschild and Shaner to hotel loans REIT
UNITED STATES - Rothschild Realty and Shaner Hotel Group have formed a new investment entity called Shaner Mortgage REIT, which will invest $200m (€135.1m) in the purchase of whole loans secured by US hotel properties.
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News
Ohio PERS raises real estate allocation
UNITED STATES - Ohio Public Employees Retirement System has decided to increase its targeted allocation to real estate from 7% to 10%.
