Latest reports – Page 3405
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PropertyEU Archive
HBOS forced to inject capital in Kenmore JV - report
UK banking giant Halifax Bank of Scotland (HBOS) has helped shore up the capital structure of its real estate partner Kenmore Property Group, after a £500 mln (EUR 589 mln) UK joint venture failed to meet debt payments due to a drop in the value of UK property, the Financial ...
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PropertyEU Archive
Prologis to build 16,000 m[sup]2[/sup] facility in Poland
Prologis, the largest operator of distribution facilities in the world, announced on Monday that it will develop around 16,000 m[sup]2[/sup] of industrial space in Warsaw for Raben Polska, the Polish division of the logistics services provider Raben Group. The new facility will be located within Prologis' Park Blonie II, a ...
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PropertyEU Archive
Rents drop as vacancies rise in Russia
Demand for office properties in Russia slowed down significantly over the last two months and vacant space has increased by 50%, according to the latest Market View research report released by Cushman & Wakefield's Russian office. The volume of vacant premises in existing buildings grew from 1 million m[sup]2[/sup] in ...
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PropertyEU Archive
Fundbox SGFII buys 4 commercial assets for EUR 47m
Portugal's Fundbox SGFII has announced the acquisition of four commercial real estate assets in the country for EUR 47 mln. The Portuguese fund manager is making the acquisitions on behalf of its Sertorius property investment fund, which owns a portfolio of 11 office and retail properties in the country worth ...
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PropertyEU Archive
Rezidor, Hilton, Scandic unveil new hotels in Europe
Rezidor, the Swedish hotel operator, is opening a new hotel near the Baltic Sea in Germany by the end of 2008 as part of its growth strategy in the country. 'We keep on growing in Germany which is one of our most important home markets', said Kurt Ritter, president & ...
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PropertyEU Archive
ING RE appoints Scott Dwyer to key position in CEE
ING Real Estate announced on Monday that Scott Dwyer (44) has been appointed general manager responsible for its development business in Poland, Germany, the Czech Republic and Romania. He will also be a member of the European management team and will be based in the Netherlands and Poland. Dwyer takes ...
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PropertyEU Archive
HSH receives EUR 30b in state guarantees, Hypo gets EUR 20b
German regional bank HSH Nordbank said on Monday it is to have access to up to EUR 30 bn in governmental guarantees from SoFFin, the German financial market rescue fund.
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PropertyEU Archive
Credit crisis slows BNL Fondi's disposal programme
Italian fund manager BNL Fondi Immobiliari has asked the Bank of Italy for a three-year extension on the disposal of the real estate portfolio held by its listed closed-end fund Portfolio Immobiliare Crescita. Launched in 2001, the property investment vehicle was initially due to close by the end of this ...
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News
Power call for property researchers
GLOBAL - Property researchers should be given greater decision-making powers and must work more closely with risk management, according to Jose Luis Pellicer from ING Wholesale.
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News
CalPERS’ sustainability reduces tenants energy use
US – The California Public Employees’ Retirement System’s (CalPERS) real estate partners have helped make significant progress towards the pension fund’s environmental goals.
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News
Real estate derivatives gain fresh impetus
UK - Derivatives offer real estate investors good opportunities to diversify their portfolio, according to property experts at the ING Real Estate Annual Seminar.
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News
Oregon to follow on Guggenheim fund
UNITED STATES - Oregon Public Employees Retirement Fund has approved a $100m (€78.6m) commitment into the Guggenheim Fund II(a),which follows a fund launched in 2006.
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News
Ohio School Employees to redeem real estate assets
UNITED STATES - School Employees Retirement System of Ohio is in the process of issuing redemption queues on the RREEF America REIT II and BlackRock Strategic Apartment funds.
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News
Oregon to follow on Guggenheim fund
UNITED STATES - Oregon Public Employees Retirement Fund has approved a $100m (€78.6m) commitment into the Guggenheim Fund II(a),which follows a fund launched in 2006.
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News
Property sector finally unveiled for UK unlisted market
UK – The Investment Management Association (IMA), trade body to the £3.4trn (€3.99trn) UK fund management industry, and its Performance Category Review Committee (PCRC) have created a new property sector.
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News
Dubai acts to shore real estate from market risk
MIDDLE EAST - The Dubai Government has formed a committee to tackle the impact of the financial crisis on its previously affluent property market and to restore investors’ confidence.
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News
Grosvenor reviews its business priorities
EUROPE- Grosvenor is planning to concentrate on developing its fund management business in continental Europe.
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News
Aviva signs new real estate finance chief
UK – Aviva Investors has announced the appointment of Marcus Shepherd as the company’s new real estate finance director.
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MagazineTime to shine
The real estate philosophy at AMF Pension is more about concentration than diversification. And with a price correction coming to Sweden, now could be a prime time for equity-rich local investors, Mats Hederos tells Richard Lowe
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MagazineKnow your limits
The level of governance resources at pension funds is one of the leading drivers behind how they approach real estate investments. Richard Lowe talks to schemes about their experiences
