Latest reports – Page 3385
-
PropertyEU Archive
First Industrial names new president and CEO
First Industrial Realty Trust has announced the appointment of Bruce W. Duncan to the position of president and chief executive officer. Duncan, 57, brings more than 30 years of real estate management and investment experience to First Industrial.
-
News
US Reits fall over a third
UNITED STATES - Real Estate Investment Trusts lost on average 37.3% in 2008, according to the latest report by the National Association of Real Estate Investment Trusts (REITs) in the United States.
-
News
ING enters Polish retail space
Czech Republic – ING Real Estate Investment Management has acquired a €125m shopping centre in the Czech Republic and added it to the ING Property Fund Central Europe.
-
News
Real estate loses a fifth for UK pensions
UK – Property generated a loss of 21% for the WM UK Pension Fund and Charity Fund universe in 2008, according to preliminary results released by State Street Investment Analytics.
-
News
JPM’s Schwab moves to Abu Dhabi
GLOBAL – The Abu Dhabi Investment Authority (ADIA), the world’s largest sovereign wealth fund, has hired Bill Schwab as global head of real estate, it was announced last week.
-
News
Henderson weds Croom for retail property (amended)
EUROPE – Henderson Global Investors has appointed Katherine Groom as portfolio manager for its pan-European retail property fund, Herald.
-
PropertyEU Archive
Telereal buys Trillium for £750m
London-based property investment and services firm Telereal has agreed to acquire Land Securities' outsourcing business Trillium for £750 mln (about EUR 831 mln).
-
PropertyEU Archive
Retail parks boss to leave Capital & Regional
Capital & Regional, the UK co-investing property asset manager, has announced that John Gately is stepping down as managing director of the firm's retail parks business.
-
PropertyEU Archive
Philip Churchill moves to Gatehouse Bank
Philip Churchill has been appointed head of real estate at Gatehouse Bank, a Shariah-compliant wholesale investment bank based in the City of London.
-
PropertyEU Archive
Hansainvest buys 2 Hardman Street for £56.7m
German property fund Hansainvest has bought 2 Hardman Street in Spinningfields, Manchester for £56.7 mln (EUR 63 mln). The property was sold by Legal & General (L&G) at a net initial yield of 6.75%. The 150,000 sq ft (14,000 m2) building, which was completed in April 2006, is currently let ...
-
PropertyEU Archive
Multi and Grupo Lena pull out of Forum Leiria project
Netherlands-based property company Multi Development and Portuguese developer Lena Construcoes said that they are pulling out of the development of the Forum Leiria shopping centre project in Central Portugal because of delays and the difficult economic and financial conditions.
-
PropertyEU Archive
Gecina, Bami acquire 25% of nursing home group Sanyres
Gecina and Bami, the two real estate investment vehicles of Spanish businessman Joaquin Rivero, have bought a 25% stake in Union Sanyres, a group specialising in nursing home properties in Spain. Gecina, the French SIIC, is taking a 19.75% stake in Sanyres, with Bami buying the remaining 5.43%.
-
PropertyEU Archive
Hypo RE completes sale of asset management subsidiary
Germany property financier Hypo Real Estate said on Thursday that it had completed the sale of its Collineo Asset Management subsidiary to private bank group Sal. Oppenheim.
-
PropertyEU Archive
Berlin State puts massive portfolio up for sale
The State of Berlin has announced it will put its real estate company, Berliner Immobilien Holding (BIH), on the market despite the global liquidity crisis and challenging economic conditions. BIH owns a portfolio consisting of 39,000 apartments and 3,000 commercial units for a market value of EUR 4-5 bn. The ...
-
PropertyEU Archive
Finnish transaction volumes down 33% in 2008
The volume of commercial real estate transactions in Finland reached EUR 4 bn in 2008, about EUR 1.9 bn lower than the year before, according to preliminary statistics compiled by the Helsinki-based KTI Institute for Real Estate Economics.
-
PropertyEU Archive
Top 5 deals, Week 2 (5 - 9 January 2009)
The largest real estate investment transaction reported by PropertyEU between 5 - 9 January 2009 was the acquisition of 284 properties by the Omega fund, managed by Italian fund manager Fimit, from Italian bank Intesa Sanpaolo for EUR 850 mln. Omicron Plus Immobiliare, a fund also managed by Fimit, ranks ...
-
PropertyEU Archive
Gecina signs up Sage as new investor
French property firm Gecina has announced it is bringing in US private investment fund Sage as a new investor. The Paris-based real estate investment trust, or SIIC in French, has agreed to sell 500,000 of its treasury shares to Sage.
-
PropertyEU Archive
YIT sells assets to Finnish fund for EUR 39m
Construction group YIT sold a retail park and an office building in the Kauppakortteli Atomi city centre project located in Riihimaki, Finland to the Tapiola KR III Ky property fund for about EUR 39 mln. The buildings in the transaction provide some 16,000 m[sup]2[/sup] of space. Tapiola KR III is ...
-
PropertyEU Archive
Dynamique Hotels names new director
Dynamique Hotels, the hotel investment company created by CB Richard Ellis in 2006, said on Friday that it has named Philippe Pichlak to the position of general director of its management unit. Pichlak, aged 42, started his career in 1991 working for Pizza Hut. He was promoted to the post ...
-
PropertyEU Archive
NCC sells Airport Plaza Business Park Largo for EUR 16m
Sweden's NCC Property Development has sold the Airport Plaza Business Park Largo in Helsinki to Real Estate Fund Finland I for about SEK 175 mln (EUR 16.3 mln). The deal with the fund - managed by Pohjola Kiinteistosijoitus - dates from mid-December.
