Latest reports – Page 3296
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PropertyEU Archive
PRUPIM makes retail purchases in the UK
PRUPIM has confirmed the purchase of a 17,000m[sup]2[/sup] House of Fraser department store in the UK for £14.5 mln (EUR 16.7 mln). PRUPIM acquired the seven-storey building in Plymouth on behalf of Prudential's Life Fund.
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PropertyEU Archive
NCC sells property in Uppsala to Genova Fastigheter
NCC Housing has concluded an agreement on the transfer of the property Luthagen 13:2 in Uppsala to Genova Fastigheter.
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PropertyEU Archive
KPN agrees sale-and-leaseback for telephone exchange
Telecoms firm KPN has agreed a sale-and-leaseback transaction with private investors in relation to a 18,000m[sup]2[/sup] office and telephone exchange building in the Dutch city of Leeuwarden. KPN is to lease the property back for seven years after which it will be redeveloped. The financial details of the transaction were ...
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PropertyEU Archive
Max Crofts elected as RICS president
Max Crofts has been inaugurated as RICS president for the 2009 / 2010 session. Crofts took up his position at the RICS Annual General Meeting on 6 July.
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PropertyEU Archive
Keen signs C&A for Galeria Victoria in Poland
Keen Property Partners Retail (KPP Retail) has announced that clothing stores group C&A has signed a letter of intent to lease space at Galeria Victoria entertainment and retail centre in the Polish city of Walbrzych. The lease agreement for almost 1,700 m[sup]2[/sup] of retail space on the ground and first ...
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PropertyEU Archive
TAP disposes of 6 assets
TAP, the listed high-income UK commercial property investment company, has announced the disposal of six of its investment properties for a total of £10.7 mln (EUR 12.4 mln).
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PropertyEU Archive
ECE secures funding for EUR 300m Dortmund project
German inner-city shopping centre specialist ECE has secured the funding for its EUR 300 mln Neues Thier-Areal shopping gallery project in Dortmund.
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PropertyEU Archive
Park Plaza to develop art'otel in Amsterdam
Park Plaza Hotels has reached an agreement with the City of Amsterdam to develop an art'otel in the former Kadaster, or land registry office.
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PropertyEU Archive
Deka acquires Warsaw office building in largest CEE deal of 2009
Construction giant Skanska has sold Deloitte House in the central business district of Warsaw to a fund managed by German-based international investment management firm Deka Immobilien for EUR 117 mln. The transaction was the largest in Central and Eastern Europe so far this year.
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PropertyEU Archive
CBRE launches Complex and Emerging Markets Desk
CB Richard Ellis has announced the launch of a Complex and Emerging Markets Desk, supported by consultancy Source8, in response to increasing demand for robust real estate solutions in this field.
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PropertyEU Archive
Dolphin Capital completes shares-for-assets programme
Dolphin Capital Investors has announced the completion of its shares-for-assets programme.
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PropertyEU Archive
Lords LB launches Baltic real estate fund
Lords LB Asset Management is launching the EUR 25 mln Baltic closed-end Real Estate (RE) investment fund - Lords LB Baltic Fund I.
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PropertyEU Archive
Zublin sells retail property in Germany
Zublin Immobilien Holding has announced that its subsidiary in Germany had concluded the sale of its 4,900m[sup]2[/sup] fully-let retail property in Tuttlingen. The buyer and the sales price were not disclosed, but Zublin said the transaction volume was in line with the property's IFRS fair value at end-March 2009.
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News
Crisis shrinks CALSTRS real estate commitments
UNITED STATES – The California State Teachers Retirement System made a total commitment to real estate of just $41.1m (€29.3m) in the first quarter of 2009, compared with over $1bn in the same period last year.
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News
New York Common invests in UK underperformers
UNITED STATES - New York State Common Retirement Fund has made a $30m (€21.3m) commitment to the Mountgrange Real Estate Opportunity Fund I in a bid to further diversify into European real estate.
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News
London property attracts overseas interest
UK - Investment in London commercial property has risen for the first time since the second half of 2007, according to new figures from Cushman & Wakefield.
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News
Real estate dominates alternative assets in pensions
GLOBAL – Real estate investments still make up over half of the alternative assets managed by external managers on behalf of pension funds, and despite the economic downturn, suggests a study conducted by Watson Wyatt.
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News
PGGM to pursue ESG terms for real estate
NETHERLANDS – PGGM Investments, the Dutch pensions asset manager, will in future scrutinise all real estate investments under environmental, social and governance (ESG) terms as part of its strategy to encourage all companies to abide by responsible investment principles.
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PropertyEU Archive
Deutsche EuroShop concludes EUR 132m refinancing
Shopping center investor Deutsche Euroshop has refinanced loans totalling EUR 132.2 mln over ten years. The firm has entered into a new loan agreement that includes a EUR 50 mln loan to be extended in October 2009 as well a EUR 82.2 mln loan not due until 2013.
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PropertyEU Archive
Land Secs sells One Wood Street for EUR 122m
UK REIT Land Securities has exchanged contracts for the leasehold sale of One Wood Street in London to the fund manager Aerium on behalf of the Glenn Arrow UK Property Fund for £105.5 mln (EUR 122 mln).
