Latest reports – Page 3273
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PropertyEU Archive
Invesco spends EUR 75m in UK and France for German client
Invesco Real Estate announced on Tuesday that it has invested a total of EUR 75 mln in two deals in Scotland and France. Invesco carried out the investments on behalf of the iii-BVK Europa-Immobilien-Spezialfonds, an institutional real estate fund of Bayerische Versorgungskammer (BVK). Invesco has managed the fund since 2000.
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News
BPF Bouw and Progress sell Unilever HQ
NETHERLANDS – Dutch pension funds BPF Bouw and Progress have sold the headquarters of food giant Unilever in Rotterdam to German fund manager Real IS.
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News
Ohio Police and Fire to allocate $260m over next several years
UNITED STATES- Ohio Police and Fire Pension Fund is to invest $260m (€183m) in real estate over the next three years, with $50m of that amount to be invested between now and the end of 2009.
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News
Texas Employees plans major push to private real estate
UNITED STATES – The Employees Retirement System of Texas is preparing to make commitments to private real estate totalling $2.1bn (€1.5bn) over the next five years with almost half coming in 2010 and 2011.
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News
Sentiment in UK CRE improving but more pain to come
UK – Average property yields in the UK fell by 15 basis points to 7.03% in August, the lowest level since November 2008, according to Cushman & Wakefield.
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News
Korean NPS to invest in central London prime
KOREA/UK – The National Pension Service of Korea (NPS), the fifth largest pension fund in the world, has awarded a mandate to UK-based Rockspring Property Investment Managers to invest in prime central London real estate.
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News
Crown Estate signs first green lease
UK – The Crown Estate has signed its first green lease for part of its £750m (€860m) Regent Street regeneration programme in London.
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News
88% of pension funds very concerned about LTV issues
EUROPE – Most European institutional investors are worried that the non-listed real estate funds they are invested in are likely to breach loan covenants, according to a study by the European Association for Investors in Non-listed Real Estate Vehicles (INREV).
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News
Real estate equities bear market over – Cohen & Steers
GLOBAL - “In contrast to the direct property market it is our strong view that real estate stocks have made their lows for this cycle and that the REIT bear market ended in March this year,” said Cohen and Steers co-chair and co-CEO Robert Steers.
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News
Camden to consider real estate increase
UK – The London Borough of Camden is considering the next stage of the restructure of its pension fund investment portfolio including a potential increase in property.
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PropertyEU Archive
CBRE Investors appoints ex-Helios executive
CB Richard Ellis Investors, the global real estate investment management firm, has announced a senior appointment to its Strategic Partners business in a newly created position. Rob Trevor joins the team as a principal where he will have responsibility for development projects, leasing and executing business plans on existing assets.
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PropertyEU Archive
CBRE Investors strengthens strategic UK unit
CB Richard Ellis Investors said it has appointed Rob Trevor to its Strategic Partners business in a new position created to reflect the increasing opportunities available in the UK real estate sector.
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PropertyEU Archive
Alstria sells three office properties for EUR 15.5m
Alstria Office, an internally managed German Real Estate Investment Trust (REIT) has agreed to sell three properties for a total investment volume of EUR 15.5 mln.
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PropertyEU Archive
Aisa refinances EUR 80m of debt
Asia, the Spanish property company previously known as Astroc, is finalising the refinancing of EUR 80 mln of syndicated debt provided by a number of financial institutions including Caja Sur. The company, which is currently in the process of merging with Grupo Fergo, is expected to close the operation in ...
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PropertyEU Archive
DTZ appoints new chief operating officer for Europe and London MD
Steve Watts as chief operating officer for continental Europe at global broker DTZ. Watts was previously managing director of DTZ London and the south-east. He has been succeeded by Ian Thomas.
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PropertyEU Archive
Hansteen plans conversion to REIT status
AIM-listed European industrial property firm Hansteen has confirmed plans to move to London Stock Exchange's official list next year and convert into a tax-transparent real estate investment trust (REIT).
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PropertyEU Archive
Risanamento gets EUR 772m rescue package from banks
Italy's troubled property developer Risanamento has reached a number of deals with its creditor banks as it works to stave off bankruptcy. The Milan-based firm was given the green light by its banks on a restructuring plan which will see some of Italy's major financial institutions take control of the ...
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PropertyEU Archive
Michael Bucker to become Commerz Real chairman
Commerz Real has named Michael Bücker as the incoming chairman of the board as part of a 'strategic reorientation' at the German real estate investor.
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PropertyEU Archive
GVA, Palmer launch £160m fund for UK
Palmer Capital Partners has announced the launch of The Palmer GVA Property Fund LP, with equity raised from both institutional and private investors.
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PropertyEU Archive
PEPR to convert to Sicav to increase financial flexibility
Prologis European Properties (PEPR), one of Europe’s largest owners of modern distribution facilities, plans to convert from a fonds commun de placement (FCP) to a société d’investissement à capital fixe (Sicaf) in a bid to increase its financial flexibility. PEPR has called an extraordinary general meeting on 30 September to ...
