Latest reports – Page 3270
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News
BBC receives offer for London office
UK – The pension fund of the British Broadcasting Corporation (BBC) has confirmed that it has been offered £30m (€34m) for its office building in London.
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News
CalSTRS in European move
UNITED STATES - California State Teachers Retirement System (CalSTRS) has made one new real estate investment and transferred one existing asset to a different manager during the second quarter of 2009.
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News
UK PFs in healthcare gain
UK – Several UK pension funds have gained exposure to a specialist real estate fund through the secondary market.
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News
AXA REIM appoints new CIO
GLOBAL – AXA Real Estate Investment Managers (AXA REIM) has appointed Dennis Lopez as global chief investment officer.
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News
Pension funds write off investments in NYC apartment complex
UNITED STATES - At least two pension funds in the US have suffered major losses on their investments in the Stuyvestant Town and Peter Cooper Village apartment complex in Manhattan.
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News
APG urges PEPR to improve governance (updated)
NETHERLANDS – APG, the asset manager of ABP pension fund, has called on fellow shareholders in Prologis European Properties (PEPR) to block the company from raising new equity unless they are given the option to replace PEPR’s manager.
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News
Hampshire to target UK property in next 12 months
UK – Hampshire County Council is looking to almost double its pension fund's exposure to UK commercial property over the next year to meet the 8% target allocation agreed before the market downturn.
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PropertyEU Archive
Catella RE, Castello SGR team up in EUR 1b jv
The German arm of Sweden's Catella Property Group and Italian real estate fund manager Castello SGR are joining forces in a new joint venture to invest up to EUR 1 bn in European real estate. Castello, which specialises in closed-end fund management, said that the new partnership aims to invest ...
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PropertyEU Archive
SPDE appoints Inger Lise Egeland as CFO
Scandinavian Property Development (SPDE) has hired Inger Lise Egeland as chief financial officer. Egeland has been working at SPDE since the first of April 2009 on a management-for-hire contract from Price Waterhouse Coopers, Norway.
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PropertyEU Archive
Ikea to invest EUR 1.5b in Italian projects
Swedish low-cost furniture giant Ikea plans to boost its presence in the Italian market with the investment of up to EUR 1.5 bn in new projects over the next four years. In an interview with Italian financial newspaper Il Sole 24 Ore, Ikea's Italian CEO Roberto Monti said that the ...
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PropertyEU Archive
Whitehall Funds buys 900 loans in Europe
Goldman Sachs' Whitehall funds have acquired almost 900 non-performing and sub-performing loans backed by Italian residential property, with an original value of about EUR 120 mln. The Financial Times reported that the loans have been bought at less than half face value. All loans were made between 2006 and 2007 ...
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PropertyEU Archive
C&W agent for Katowice Railway Station shopping gallery
Cushman & Wakefield has been appointed exclusive agent for the commercialisation of Poland's Katowice Railway Station shopping gallery.
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PropertyEU Archive
Dutch investor APG seeks changes at Prologis Europe
Dutch pension fund APG Group has called on fellow shareholders in US logistics company Prologis European Properties (PEPR) to support its plea for corporate-governance changes ahead of a key shareholder vote, various media sources reported last week.
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PropertyEU Archive
GI Partners sells Frankfurt data centre
Transatlantic private equity firm GI Partners has sold a data centre in Frankfurt, Germany for $28 mln (EUR 19.15 mln) to Equinix (Holding), a wholly-owned subsidiary of NASDAQ-listed Equinix Inc.
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PropertyEU Archive
Pramerica poaches UBS experts for UK fund push
Pramerica Real Estate Investors (PREI) has hired three professionals from UBS Global Asset Management to expand its commercial real estate platform in the UK and introduce a series of UK property funds.
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PropertyEU Archive
Nordic market close to bottom: Newsec
The lowest point of the Nordic property market is starting to appear, according to Northern European property advisor Newsec.
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PropertyEU Archive
French court backs Coeur Defense protection plan
A French court has approved a safeguard plan proposed by the owners of Paris' skyscraper Coeur Defense and ruled against the seizure of the tower by their creditor banks. Under the plan, owners Lehman Brothers and Atemi will be granted a further two years for the repayment of an asset-backed ...
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PropertyEU Archive
Knight Frank books EUR 24m pre-tax profit
Knight Frank has reported a pre-tax profit of just under £21 mln (EUR 24 mln) for the year to end-April 2009. Allthough the result was well down on the pre-tax profit of almost £60 mln the year before, Knight Frank performed better than several of its peers.
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PropertyEU Archive
Brigitte Schmitt to head DTZ' Echinox's property management
DTZ has announced the appointment of Brigitte Schmitt as head of the property management department at DTZ Echinox, the international broker's Romanian operation.
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PropertyEU Archive
Vastned Retail raises EUR 75m in share placement
Vastned Retail has raised EUR 75.6 mln through an accelerated bookbuilding offering of 1.6 million new ordinary shares at a price of EUR 45.50 per share.
