Latest reports – Page 3392
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PropertyEU Archive
Goodman unveils two new projects in Lyon
Australian property group Goodman has unveiled two new logistics projects in the French city of Lyon for clients NYK Logistics and Hartmann France. The company recently opened an office in Lyon in view of future expansion of its business in the region. The new office is located within the Parc ...
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PropertyEU Archive
ICSC to focus on building links between groups
The International Council of Shopping Centers (ICSC) has announced that it will dedicate the third day of its 2009 European conference, being held from 22-24 April, entirely to building closer co-operation between investors, developers and retailers.
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PropertyEU Archive
C&W wins contract for Treveria's 450 German retail properties
International broker Cushman & Wakefield has won the mandate to manage the 450 retail properties in Germany owned by AIM-listed Dawnay, Day Treveria. The portfolio comprises some 1.5 million m[sup]2[/sup] of lettable area in 250 locations throughout Germany.
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PropertyEU Archive
AMB leases 21,000 m[sup]2[/sup] in Brussels
International industrial real estate developer AMB Property Corporation has leased approximately 20,600 m[sup]2[/sup] of its Brussels development, AMB Boom Distribution Center, to No Limit!, part of the French Staci Group.
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PropertyEU Archive
First Industrial to shut down European operations
Industrial developer and investor First Industrial is closing down its European operations as part a series of actions aimed at cutting costs on the back of tighter credit market conditions. The US REIT, which entered Europe just over a year ago, said on Thursday it is 'discontinuing its European operations' ...
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PropertyEU Archive
Barratt sells more WBD assets for EUR 49m
UK house builder Barratt Development has sold industrial land and buildings held by Wilson Bowden Developments (WBD) for £46 mln (EUR 48.8 mln) to an unnamed buyer. Barratt acquired WBD in April 2007 and embarked on a programme to dispose of £200 mln of property assets owned by WBD.
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PropertyEU Archive
British Land names Barclays boss as new CEO
UK REIT British Land announced on Thursday that Chris Grigg has been appointed Chief Executive of the company, succeeding Stephen Hester who moved to the Royal Bank of Scotland in October. Grigg will take up his new position on January 12, 2009.
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News
Fees transparency is improving - INREV
GLOBAL– European non-listed real estate funds are rapidly making their fee structures more transparent for investors and fund managers, according to the latest research by the European Association for Investors in Non-listed Real Estate (INREV).
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News
Real estate consultant folds Spanish offices
SPAIN – King Sturge España, the Spanish subsidiary of British property consultants, King Sturge, has filed for administration this week.
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News
Investment options widened by CalPERS
UNITED STATES - California Public Employees Retirement System has approved a temporary new allocation range for real estate, and selected consultants for both timberland and infrastructure investing.
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News
CalPERS fills the top slot
US – The California Public Employees’ Retirement System (CalPERS) has appointed Anne Stausboll as the pension fund’s new chief executive officer (CEO).
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News
Iowa PERS withholds new capital
UNITED STATES - Iowa Public Employees Retirement System has decided not to allocate any new capital for real estate investing into the 2009 calendar year.
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News
US investors are feeling the pressure - PwC
US – Investor sentiment around North American commercial real estate has plummeted following further weakening of the industry, according to PricewaterhouseCoopers.
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News
REITs still look attractive, claims EPRA
GLOBAL – Real Estate Investment Trusts (REITs) will continue to be attractive investment vehicles for institutional investors and grow internationally despite the sharp economic downturn, according to the European Public Real Estate Association’s (EPRA’s) latest survey.
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News
Pru relocates its real estate divisions
US - Prudential Financial is integrating its Real Estate and Relocation businesses as Prudential Real Estate and Relocation Services Inc, in a bid to streamline the firm’s business and operational services.
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News
UBS halts property fund redemptions
SWITZERLAND – Swiss bank UBS has frozen its $6bn (€4.4bn) global property fund because it could no longer handle the high number of redemption requests.
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PropertyEU Archive
Pirelli RE unveils board changes as part of strategic shift
Italy's Pirelli Real Estate said on Wednesday it has reorganised its board of directors as part of a review of the company's strategy in response to the 'changed scenario and prospects for the real estate sector'.
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PropertyEU Archive
CLS sells German office property for EUR 12.8m
London-listed property investment firm CLS has announced the sale of the Step 9 office building in Stuttgart-Vaihingen, Germany, to Hamburg-based Union Investment Real Estate for EUR 12.8 mln.
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PropertyEU Archive
Spanish pension fund acquires three bank properties for EUR 63m
The employee pension fund of Spain's savings bank Caja de Ahorros del Mediterraneo (CAM) has acquired three office buildings from the bank for EUR 63 mln. The assets are located in Alicante, Valencia and Barcelona, and have been leased back to CAM for a period of 20 years with an ...
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PropertyEU Archive
Unibail-Rodamco to launch new shopping centre in Benidorm
The municipal authorities in the Spanish coastal town of Benidorm have approved the development of a new shopping centre to be built by Franco-Dutch property development group Unibail-Rodamco. The project consists of around 40,000 m[sup]2[/sup] of floor area including a large hypermarket and 2,200 parking spaces.
