Latest reports – Page 3360
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PropertyEU Archive
CEE hotel sector feels the pain, says CBRE
Hotel development pipeline across the CEE region remains robust, but tight lending conditions has resulted in some major projects being postponed, according to the latest CEE Hotel Market Overview issued by CB Richard Ellis Hotels. Developers are focusing on existing projects while the availability of finance remains scarce, CBRE ...
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Magazine
Keep it simple
The US association for REITs is aiming to work closely with the new government to ensure the sector safely navigates the current downturn. Martin Hurst talks to NAREIT’s Steve Wechsler about the need for candour over complexity when it comes to regulation
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News
Real estate holding lessened pain for OMERS
CANADA – The Ontario Municipal Employees Retirement System (OMERS) suffered an overall net loss of $8bn (€6.25bn) in 2008, although its real estate investments performed relatively well despite the financial downturn.
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News
Fund fall forces Alaska to shelve alternatives plans
US – The Alaska Permanent Fund Corporation (APFC) Board has scrapped some of its alternative investment plans following the corporation’s decline in value in 2008.
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News
Illinois Teaches ends two separate account relationships
UNITED STATES – The Teachers Retirement System of the State of Illinois is terminating separate account relationships with Commonwealth Realty Advisors and Stone Levy, and has asked Heitman to manage some of the assets instead.
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News
Washington State extends real estate deal by $250m
UNITED STATES - Washington State Investment Board has approved a $250m ($195.3m) follow-on investment with Corporate Properties of the Americas.
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News
CalSTRS mulls shift to discounted property debt
US – The California State Teachers’ Retirement System (CalSTRS) is considering increasing its target allocation to real estate as the Board proposes temporarily shifting $6bn from global equities to higher returning debt investments.
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News
IPD unveils sustainability benchmarking
GLOBAL – The Investment Property Databank (IPD) today launched an environmental benchmarking service for commercial real estate occupiers.
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News
S&P predicts further gloom in US housing
US – The residential real estate market in the United States looks set to continue falling in 2009 after house price declines reached record lows at the end of 2008, according to Standard & Poor’s Case-Shiller Home Prices Indices.
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News
Hotels sector advised to build the brands
GLOBAL – Hotel markets worldwide will continue to suffer in 2009 but operators should use the downturn to step up their game, according to a report by Ernst & Young (E&Y).
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News
Outflows hit Invista REIM’s results
UK – Invista Real Estate Investment Management suffered a 32% drop in revenue in 2008, according to preliminary results for the year.
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News
Real estate helps limit Ilmarinen losses
FINLAND – Real estate investments helped limit losses by the Finnish pension fund Ilmarinen as it reported an overall loss of €4.34bn in 2008.
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PropertyEU Archive
Carlyle faces problems on Hannover project
Private equity firm Carlyle Group has failed to reach an agreement with Landesbank Berlin (LBB) on the financing of the Linden Park project in Hannover, Germany.
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PropertyEU Archive
Savills expands Paris valuations department
International property adviser Savills has recruited Isabelle Sanchez Turon as an associate in its valuation department in Paris. Turon began her career in 2004 at CB Richard Ellis in London. She has most recently worked for two years at Atisreal (BNP Paribas Property) in Paris as a valuer in ...
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PropertyEU Archive
Segro sells Reflets Defense to Silic
UK industrial property group Segro said on Thursday that it has sold the Reflets Defense complex to French firm Silic for a total of EUR 23 mln. The property, located in Nanterre, provides 6,000 m[sup]2[/sup] of office space leased to the general council of Hauts-de- Seine with a 6-9 year ...
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PropertyEU Archive
Swedish real estate returns fall to new low, SFI/IPD index shows
Total returns for Swedish property fell to -3.3% in 2008, a substantial drop from the 14.7% return achieved in 2007, according to the SFI/IPD Swedish Annual Property Index. Swedish property outperformed equities but lagged behind bonds, which returned -39.5% and 15.7% respectively.
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PropertyEU Archive
Segro gets share boost after reworking EUR 1.9 bn covenants
Segro's battered share price got a large strong boost on Wednesday as the UK industrial property real estate investment trust (REIT) announced it had renegotiated loan covenants to give itself more breathing room.
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PropertyEU Archive
Doughty Hanson keeps powder dry
Doughty Hanson & Co Real Estate's acquisition in January of Old George Mall in Salisbury, UK for £60 mln (EUR 67 mln) should not been seen as it calling the bottom of the market, according to the seasoned fund manager.
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PropertyEU Archive
KPMG appoints King Sturge to dispose of 80 shoe stores in the UK
King Sturge's retail team has been appointed by administrator KPMG to dispose of the 80 store leases held under the Qube and Original Shoe Company brands. Around 80% of the stores had traded as Original Shoe Company, which sold branded lifestyle clothing and footwear, while footwear chain Qube accounted for ...
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PropertyEU Archive
Corio defies crisis as direct result remains stable
Dutch property company Corio posted strong full-year results on Tuesday with net rental income increasing by 14% to EUR 317.7 mln in 2008, from EUR 278.9 mln a year before. Direct result increased by 0.5% over the year to EUR 204.1 mln from EUR 203.1 mln in 2007.
