Latest reports – Page 3279
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PropertyEU Archive
Prime Property Management set to expand its German portfolio
Prime Strategic Germany has changed its name to Prime Property Management and intends to expand in the following months. The company, which was founded in October 2007, specialises in asset management of commercial properties on behalf of national and international investors.
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News
Illinois Teachers allocates money to cover debt issues
UNITED STATES - The Teachers Retirement System of the State of Illinois has become one of the first pension funds in the United States to allocate funds to a separate account manager to cover possible debt issues.
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News
Mass PRIM cuts real estate to grow timber
UNITED STATES - Massachusetts Pension Reserves Investment Management Board has decided to lower its allocation to real estate from 11% to 10% and double the size of its allocation to timber from 2% to 4%.
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News
Finnish pensions land airlines among property
FINLAND – Nordea Life Assurance Finland, Varma Mutual Pension Insurance and Valtion Eläkerahasto (VER) , the Finnish State Pension Fund, have invested in four airport properties in Finland through their NV Property Fund joint venture.
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News
Australian real estate plans route out of recession
AUSTRALIA – The Property Council of Australia has put together a blueprint for the real estate investment industry, to lead the sector beyond the current downturn.
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News
USS expands industrial holdings
UK – The £28bn (€31.7bn) Universities Superannuation Scheme continues to rebuild its domestic real estate portfolio by purchasing a portfolio of industrial assets measuring 2.9 million square feet for £196m (€226m), reflecting a yield of 8.7%.
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PropertyEU Archive
Santander provides £55m financing to London & Stamford
Santander Corporate Banking has provided refinancing of £55.3 mln (EUR 63.4 mln) to London & Stamford Property for its City office building at One Fleet Place, London EC4.
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PropertyEU Archive
Epra pushes for transparency
Cross-border comparability of investment metrics such as net asset value (NAV) is becoming increasingly important. Epra's Best Practice Recommendations aim to raise the bar, writes Epra's Fraser Hughes, Mike Speelman and Gareth Lewis.
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PropertyEU Archive
Conwert appointed asset manager for German fund
Alt+kelber, part of Vienna-listed residential property company Conwert, is taking on the asset management for a new closed-end property fund established by DWS, Germany's largest fund company. The planned fund volume of DWS ACCESS Wohnen is EUR 120 mln.
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PropertyEU Archive
Profile: Ian Coull of Segro
When Ian Coull moved from Sainsbury's to become CEO of Slough Estates (now Segro) in 2003 he was embraced as a the person who could shake up the company. After a few years his critics had become more vocal about the perceived lack of progress in transforming the company’s fortunes. ...
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PropertyEU Archive
Nannette books loss in H1
Nanette Real Estate Group, the Central & Eastern European focused residential real estate developer, reported a pre-tax loss of EUR 5.6 mln in the first half of 2009 compared to a profit of EUR 4.4 mln in the year-earlier period. Turnover plunged to EUR 2 mln from EUR 10.6 mln ...
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PropertyEU Archive
UK entrepreneur sets up UK investment venture
Martin Barber, the co-founder and former chief executive of Capital & Regional, is to return with a business aiming to buy UK commercial property, Financial Times reported on Monday.
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PropertyEU Archive
Eurohypo, RBS sign debt facility with Threadneedle
Eurohypo, Europe's largest commercial real estate bank, has acted as agent and co-underwriter, on a 50/50 basis with Royal Bank of Scotland, to provide Threadneedle Strategic Property Fund IV - the latest open-ended property fund to be launched by Threadneedle - with a £130 mln (EUR 150 mln) debt facility.
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PropertyEU Archive
Court backs Brixton takeover scheme
The Board of Brixton announced on Monday that a London court has approved the share exchange scheme whereby the UK industrial real estate investment trust is to be taken over by its rival Segro.
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PropertyEU Archive
London to get 13,000 new hotel rooms by 2013
The supply of hotel rooms in London is set to grow by 13,000 by 2012, as investors look forward toward the 2012 Olympic Games and beyond. That is one of the key findings of the London Hotel Development Monitor, a publication of TRI Hospitality Consulting in partnership with Visit London.
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PropertyEU Archive
Valadier to sell Consob building in Rome
An Italian bankruptcy court has approved the sale of the Consob headquarters in Rome owned by Coppola Group's real estate unit Valadier, which declared itself bankrupt two years ago. The building, which is located in Rome's Piazza Verdi, houses the Italian Antitrust authority Consob and is partly owned by Valadier ...
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PropertyEU Archive
Uffi Ream buys commercial gallery for EUR 20m
French real estate investor Uffi Ream has acquired a commercial gallery in Malakoff, south of Paris, from the Grosvenor Retail European Properties fund. Uffi Ream is making the acquisition on behalf of an SCPI investment vehicle. The transaction value comes to EUR 20 mln, according to French media reports.
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PropertyEU Archive
Parkridge halts development of Spanish business park
UK privately-held real estate company Parkridge has halted the development of the Montesol commercial park in Caceres, Western Spain, Spanish newspaper El Periodico Extremadura reported. Although the company received the building permit for the site in 2008, it has not progressed with the construction in the past 12 months, the ...
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PropertyEU Archive
Argan to develop 40,000 m[sup]2[/sup] facility for L'Oreal
French logistics property developer Argan said it has been appointed to develop a 40,000 m[sup]2[/sup] logistics platform for L'Oreal in France. The high environmental quality project will be located in Roye, around 20 km from Amiens. Construction is expected to start in November 2009, with delivery scheduled for June 2010.
