Latest reports – Page 3262
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News
Institutions turning to rented housing
EUROPE – Institutional investors are seeking safety in housing real estate as an investment option but not all opportunities are equal, the German real estate company Patrizia has suggested in a study.
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PropertyEU Archive
Court postpones decision on Risanamento
A Milan judge has decided to put off the decision on whether to declare Italian property company Risanamento bankrupt. The decision, which was expected last week, has been postponed until 15 October.
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PropertyEU Archive
PEPR postpones EGM to review alternative capital raising plans
Prologis European Properties (PEPR) has announced that it has postponed the Extraordinary General Meeting (EGM) called for 30 September 2009, and will consult investors prior to reviewing alternative capital raising plans with its board.
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PropertyEU Archive
Parcolog reaches agreement on EUR 100m refinancing
Generali's logistics property arm Parcolog has reached an agreement with French bank BNP Paribas on the refinancing of a portfolio of 10 logistics properties located mostly in Ile-de-France, Lyon and Lille. According to French newspaper BusinessImmo, the new financing facility amounts to EUR 100 mln and has a loan-to-value ratio ...
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PropertyEU Archive
London & Stamford buys apartments for EUR 45m
AIM-listed opportunistic investor London & Stamford Property has completed the acquisition of a block of apartments in Highbury Square, London for £41.4 mln (EUR 45 mln) from Highbury Holdings.
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PropertyEU Archive
Commerz Real buys logistics project at Frankfurt Airport
Commerz Real has acquired a logistics project development on one of the last remaining plots at the Cargo City Süd logistics park located south of the Frankfurt Airport runways.
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PropertyEU Archive
Black Sea raises takeover bid for Deutsche Land
Romania-based investor Black Sea Global Properties (BSGP) has raised its offer to buy Deutsche Land, the London-listed German property investor, to 13 pence in cash per share.
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PropertyEU Archive
Terreis closes EUR 61m purchase of Paris assets
French property investment company Terreis has completed the acquisition of a retail and office complex located in the eighth arrondissement of Paris for EUR 61.5 mln. The property was sold by French fund manager Axa Reim on behalf of an unnamed client. The investment volume reflects a yield of 7%.
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PropertyEU Archive
Jelmoli's Stucki mall opens its doors in Basel
Jelmoli Group's Stucki shopping centre has opened in the Swiss city of Basel. With 32,000 m[sup]2[/sup] of retail space, Stucki is the largest shopping mall in the region. Tivona Eta, part of the Jelmoli Group, has invested around CHF 260 mln (EUR 170 mln) in the development of the complex, ...
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PropertyEU Archive
Opportunistic investors shun emerging markets as capital raising stutters
Capital raising by opportunistic real estate funds globally fell sharply during the first half of 2009, as institutional investors became far more risk adverse and fund managers turned away from emerging property markets in particular, according to the latest research from Clerestory Capital Partners.
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PropertyEU Archive
Allianz RE to buy assets for up to EUR 2b in France
Allianz Real Estate plans to buy property assets worth up to EUR 2 bn in France within the next three years, Olivier Piani, global head of real estate at Allianz, told French newspaper La Tribune. The company will target shopping centres in the country with investments ranging between EUR 70 ...
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MagazineStranger on our doorstep
The EU’s proposed AIFM Directive lacks clarity and potentially creates more problems than it solves. Bas Kundu reports
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MagazineNew reality
The many constraints to the flow of capital means investors must reappraise their expectations. Andy Rofe reports
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MagazineNew urgency
The UK rights system is inefficient at recapitalisation and short-changes shareholders. Is it time to learn from the US system, asks Leonard Geiger
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MagazineManaging expectations
Refinancing raises a number of concerns for investors but these are not always in the best interest of the fund, as Deborah Lloyd explains
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MagazineKnow your neighbour
Investors have learnt it’s just as important to know and be aligned with fellow LPs as it is with the GP of a fund. Richard Lowe reports
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Magazine
Smooth operator?
Debt investment has moved to centre stage but with foreclosures a real possibility do managers have the necessary property management expertise? Do your due diligence, say Claude Angéloz and Eliza Bailey
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MagazineSovereign wealth
The Crown Estate owns assets in the UK as diverse as wind farms and shorelines, but also manages a sizeable commercial portfolio. Investment director Paul Clark tells Richard Lowe why the industry needsto rethink its blind use of leverage on core assets, and why fund managers must be rewarded for ...
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Magazine
A return to core values
Market conditions have made pension funds more acutely aware of the logic of taking a conservative approach to leveraging. Richard Lowe reports
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MagazineParting of the ways
The shift away from listed points to a variation of views regarding real estate’s role in the portfolio, as Shayla Walmsley reports
