Latest reports – Page 3307
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News
Mass PRIM fires REIT manager
UNITED STATES - Massachusetts Pension Reserves Investment Management Board has terminated its separate account REIT manager relationship with Wellington Management in part on the back of poor performance and awarded a new $40m (€28.6m) allocation to the AFL-CIO Housing Investment Trust Fund.
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News
Valuers advised to consider all transactional evidence
GLOBAL - Investors have been warned they should ensure firms delivering their valuations take all possible scenarios and evidence into consideration when valuing a property, as leaving certain criteria out could be seen as distorting the market.
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News
UK residential may be on the up – index fund manager
A real estate investment house has claimed investing in UK residential housing “may have turned a corner”, although physical house price rises are still increasing at a very slow rate.
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News
Sustainable investment boosted by UNEPFI toolkit
GLOBAL - A new toolkit to guide investors through the process of investing in property in a sustainable manner has been launched by the Property Working Group (PWG) of the United Nations Environment Programme Finance Initiative (UNEP FI).
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News
AEW boosts research function
EUROPE - AEW Europe, which has €17bn in assets under management, has boosted its research function with the appointment of José Luis Pellicer to head the research function in London
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PropertyEU Archive
Honeywell signs lease at Tishman Center in Bulgaria
Developer Tishman International Companies, a leading international commercial real estate development and management company, and GE Real Estate Central & Eastern Europe, have announced that Honeywell EOOD, the Bulgarian arm of the leading multinational corporation Honeywell, has signed a 64-month lease for 3,000 m[sup]2[/sup] of office and warehouse space in ...
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PropertyEU Archive
UK house prices may have turned corner - ABFM
Investment returns at the UK's first residential index property fund surged by 19.7% in the first five months of this year, amid signs that tumbling house prices may have turned a corner, according to Alpha Beta Fund Management (ABFM).
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PropertyEU Archive
Hamborner set for conversion to German REIT
A majority (99.8%) of shareholders has approved the conversion of listed German property company Hamborner into a real estate investment trust (REIT), clearing the way for the creation of the third G-REITafter Alstria Office REIT and Fair Value REIT.
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PropertyEU Archive
Hammerson names Clamageran as executive director
Hammerson has appointed Christophe Clamageran to its board as an Executive Director. Clamageran was already managing director for France, having joined Hammerson in March 2008 as development director. He was previously deputy CEO of BNP Paribas Real Estate, running office and residential development, and was head of the asset management ...
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PropertyEU Archive
C&W appoints associates in Moscow and Brussels
Cushman & Wakefield Stiles & Riabokobylko (C&W/S&R), the Russian office of the world’s largest privately held global real estate services firm, has promoted four employees to the level of associate from 1 June. The four are: Natalia Ignatova, director, Client Solutions; Natalia Kouterigina, director, Client Solutions; Evgeny Popov, director, Development ...
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PropertyEU Archive
Pradera appoints Nick Hewson to board
Pradera AM has announced the appointment of Nick Hewson to the board as non-executive director. Hewson and Pradera chairman Paul Whight were both founders of London-listed Grantchester Holdings and are reuniting again after 10 years apart.
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PropertyEU Archive
VTB Capital, DB launch Russian opportunity fund
VTB Group's investment arm VTB Capital and Deutsche Bank's commercial property unit have joined forces to launch a EUR 300 mln fund to invest in Russian real estate opportunities. The business partners have announced the first closing of VTBC-DB Real Estate Partners I, a co-sponsored private equity vehicle which will ...
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PropertyEU Archive
Drivers Jonas: dramatic reduction in new starts in London
Just six new schemes have been started in central London over the last six months, a dramatic reduction compared with previous years, according to the latest Drivers Jonas Central London Crane Survey for Q1 2009. In total, the six schemes account for 160,000 sq ft (14,864 m2) compared with 37 ...
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PropertyEU Archive
Evans Randall and Al Salam acquire City asset for EUR 150m
Evans Randall has teamed up with Bahraini bank Al Salam to acquire a 18,600m[sup]2[/sup] office property in the City of London for £127 mln (EUR 150 mln). The acquisition reflects an initial yield of 7.5%.
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PropertyEU Archive
Prologis seals deal with Geodis in Romania
Prologis has signed a leasing deal with Geodis for 90,000 square feet (8,400 m2) of newly developed space in Bucharest, Romania. Geodis is a third party logistics and international transport provider and subsidiary of SNCF (French Railways), and is known in Romania as Geodis Calberson.
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PropertyEU Archive
SFL sells three buildings for EUR 62m
French SIIC SFL said it has sold three buildings in Paris for a total of EUR 62 mln. The Paris-based company has disposed of a 3,200 m[sup]2[/sup] office and retail asset at 62 Beaubourg in the third arrondissement to TMW Pramerica Property Investment. The transaction amounted to EUR 22.3 mln, ...
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PropertyEU Archive
CBRE expands in Nordics with Helsinki office
CB Richard Ellis has announced it has opened an office in Helsinki, Finland, further expanding its network and capabilities in the Nordic region.
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PropertyEU Archive
Multi Vastgoed working on record number of Dutch retail projects
Multi Vastgoed, the Dutch arm of pan-European retail property specialist Multi Corporation, has said it has eight new retail projects under construction in the Netherlands - a record number in over 25 years in the development business.
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PropertyEU Archive
Sovafim hires Saggel, DTZ to manage sale of 40,000 m2
Sovafim, the public company that manages the French state's real estate assets, has hired DTZ's investment department and Nexity's Saggel Transactions, to manage the sale of a portfolio of 40,000 m[sup]2[/sup] on an exclusive basis.
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PropertyEU Archive
Van Ommen joins Switzerland's 4IP as director
Nick van Ommen, former CEO of the European Public Real Estate Association (EPRA), has joined the Board of Directors of Swiss real estate investment manager 4IP. Van Ommen will support 4IP's management in strategic initiatives and in various product development projects, the company said in a press release.
