Latest reports – Page 3335
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News
LA Fire and Police burns Adelante deal
UNITED STATES - Los Angeles Fire and Police Pensions has ended its relationship with Adelante Capital Management as a REIT manager after the firm massively underperformed its benchmark.
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News
CalPERS puts first real estate company on focus list
UNITED STATES - California Public Employees Retirement System has placed Hospitality Properties Trust, first publicly-traded real estate company, on its focus list following underperformance against its peers in terms of share value.
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News
Pension funds under pressure to get involved
GLOBAL - Institutional investors are coming under pressure to become more actively involved in the management of their commingled real estate funds as managers struggle with the effects of the downturn.
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News
PERE funds struggle to close
GLOBAL – Private equity real estate funds are finding it tough to reaching closing fund-raising positions and almost as many as last year have already abandoned the task, according to research conducted by Preqin.
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News
ING narrows focus in 'back to basics' shift
GLOBAL – ING, the Netherlands-headquartered banking and insurance group, is forming a single global investment management business and consolidating its operations to in future focus on retail banking and the retirement market.
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PropertyEU Archive
Soffin extends Hypo's existing EUR 52bn in guarantees
The German Financial Markets Stabilisation Fund (Soffin) has extended the overall EUR 52 bn framework guarantee granted to Hypo Real Estate Group until 19 August 2009. The extension of the guarantee term was necessary due to the impending expiration of EUR 30 bn in existing guarantees on 15 April 2009, ...
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PropertyEU Archive
Santander hires CBRE to liquidate EUR 3bn in Banif assets
Spanish bank Santander has hired CB Richard Ellis to manage the sale process of EUR 3 bn in property assets representing around 90% of the portfolio owned by its Banif property fund, Spanish newspaper Expansion reported, citing a letter sent by Santander to the fund's shareholders. In February the bank ...
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PropertyEU Archive
Rental values fall by up to 10% in Ile-de-France, says DTZ
While prime rents are still holding up, rental values for secondary office properties in the Ile-de-France region of France have fallen by up to 10% over the past 12 months, a new research report issued by property services firm DTZ shows. Jean-Luc Chalard, managing director and responsible for marketing and ...
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PropertyEU Archive
C&W expects shopping centre development to see slowest rate in 2010
Up to seven million m[sup]2[/sup] of planned shopping centre development in Europe has been put on hold or cancelled as a result of the credit crunch, a new research report issued by C&W shows. In its new European Shopping Centre Development report the broker said that it expects around 10 ...
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PropertyEU Archive
Pirelli RE plays down talk of asset sales to Generali
Italy's Pirelli Real Estate denied media rumours on Tuesday that the Milan-based property giant plans to demerge its real estate funds and sell them in a major restructuring of its activities. The company was responding to an article in Italian newspaper La Repubblica which reported that the company was mulling ...
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PropertyEU Archive
CBRE Investors launches Affori project in Milan
Global real estate investment management firm CB Richard Ellis Investors has announced the opening of Affori Centre, a new eco-friendly office complex in Milan, in September 2009. The project, managed by CBRE Investors on behalf of the Strategic Partners Europe II Fund, commenced in 2008 and will comprise 12,000 m[sup]2[/sup] ...
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PropertyEU Archive
Unibail Rodamco to open new Docks 76 mall in Rouen
Franco-Dutch property group Unibail Rodamco is to open a new shopping and leisure centre in the French city of Rouen later this month. The Docks 76 shopping mall is at the heart of an urban renewal project on Rouen's westside with the former docklands along the Seine river having been ...
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PropertyEU Archive
Sistema-Hals raises EUR 67m in bond issue to pay down debt
Russian real estate developer Sistema-Hals announced on Tuesday that it has fully placed three million bond securities with par value of 1,000 roubles (EUR 22.57) each. The bonds mature in 2014, the company said. The placement was lead-managed by Zao Raiffeisenbank and the proceeds, a total of EUR 67 mln, ...
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PropertyEU Archive
Pinnacle awarded 123,000 m[sup]2[/sup] management contract in Spain
Arcapita Bank's logistics asset management unit Pinnacle announced on Tuesday that it has been awarded a new management contract for 123,000 m[sup]2[/sup] of logistics space in Spain. The company will manage seven distribution facilities in the cities of Madrid, Barcelona and Zaragoza. The agreement increases Pinnacle's assets under management in ...
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PropertyEU Archive
Apsys, Fonciere Euris sell Fleur d'Eau shopping centre
Fonciere Euris and Apsys have sold their award-winning Fleur d'Eau shopping centre in the French city of Angers for EUR 37 mln. The property was sold to Fonciere Investissement, a subsidiary of Credit Mutuel Arkea. The centre, a 50/50 joint venture of Apsys and Euris, was opened in May 2005 ...
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PropertyEU Archive
Henderson Group completes acquisition of New Star
Henderson Group, the parent company of Henderson Global Investors, has completed the acquisition of New Star Asset Management Group. Mark Skinner, previously director of retail fund sales and marketing at New Star, will lead the UK retail business at Henderson.
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PropertyEU Archive
Equity Estate leases 12,000 m[sup]2[/sup] in Willebroek logistics centre
Equity Estate has announced the leasing of 12,373 m[sup]2[/sup] of space within the Willebroek logistics centre Tri-Access, owned by its Sharia compliant fund Queristics Investment. The company said it has reached an agreement with the Belgian service provider Forlog for the leasing of the last available unit as from 1 ...
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PropertyEU Archive
HSBC mulls selling Canary Wharf HQ again
HSBC is examining the possibility of re-selling its head office in London's Canary Wharf just months after buying the property back at a hefty discount to unravel what had been the largest single-asset real estate transaction in UK history.
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PropertyEU Archive
Credit expected to return to the UK market in Q2 - BoE
The UK government's efforts to kick-start the economy are starting to have some effect, with UK lenders expecting to have more credit available for households and businesses in the second quarter of this year, a new survey has shown.
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PropertyEU Archive
BNP Paribas REIM sells office asset in Milan for EUR 23m
BNP Paribas REIM's Portfolio Immobiliare Crescita fund in liquidation has clinched its first sale with the disposal of an office building near Milan to the Mediolanum Real Estate fund for around EUR 23 mln. The transaction price is 8.37% higher than the property's value at end-December 2008, the company said.
