Latest reports – Page 3413
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News
CalSTRS forced to expand allocation limits
US – The California State Teachers Retirement System (CalSTRS) has temporarily increased its real estate allocation range to prevent the need to sell assets during a downturn.
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News
Sustainability should come first – Watson Wyatt
GLOBAL - Investors must place sustainability at the top of their agenda, because it is likely to have a significant impact on commercial real estate and even improve returns, according to Watson Wyatt.
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News
German funds hit hardest by institutional outflows
GERMANY – Recent redemptions from German open-ended funds (GOEFs) were “mainly driven by institutional investors rather than retail investors,” according to a senior analyst for CB Richard Ellis.
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News
Land Securities abandons demerger plans
UK – Land Securities announced yesterday in its half-yearly annual results that “adverse market conditions” have forced the firm to abandon its demerger plans in order to protect shareholders’ interests.
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News
LaSalle launches UK opportunity fund
UK – LaSalle Investment Management is raising a £400m (€487m) opportunity fund to take advantage of declining property values and potential distress in the UK real estate market.
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News
Foreign investors get smaller piece of the pie
CHINA – Domestic investors took an increasing larger share of the real estate investment market in China in the first half of the year, a report by property consultants DTZ shows.
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News
NYSTRS invests in warehousing and debt
UNITED STATES – New York State Teachers’ Retirement System (NYSTRS) has added to its real estate portfolio by investing in an industrial commingled fund and by making several investments in debt real estate.
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PropertyEU Archive
JLL names Quint as head of German business
Jones Lang LaSalle has named Andreas Quint as the new CEO of the broker's operations in Germany to replace Christian Ulbrich who takes over as the head of the EMEA division from January 2009.
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PropertyEU Archive
Prime malls still attractive investment
Investment activity in real estate markets has dropped to 2004/05 levels, according to Nick Axford, head of EMEA Research and Consulting at CB Richard Ellis. Axford was speaking at the 2008 International Council of Shopping Centres' Research Conference in Rome last week, attended by a record number of delegates from ...
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PropertyEU Archive
EU to pump EUR 120bn into urban projects
The European Commission (EC) is providing up to EUR 120 bn to European urban projects over the next five years to promote sustainable investment and growth in urban areas, Gianni Carbonaro, economic advisor at the European Investment Bank, has told PropertyEU. The capital will be made available in the 2007-2013 ...
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PropertyEU Archive
AMB Property leases 6,290 m[sup]2[/sup] near Amsterdam
AMB Property Europe, the European arm of global distribution group AMB Property Corporation, is developing a 6,290 m[sup]2[/sup] distribution facility for pet and farm animal health care group IDEXX Laboratories in Hoofddorp, a submarket of Amsterdam Airport Schiphol. The build-to-suit project, named AMB President Distribution Center, will be used to ...
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PropertyEU Archive
Aldi to add 35 stores in Ireland
German discount retailer Aldi has announced plans to invest EUR 350 mln to open 35 new stores in Ireland over the next three years. Aldi entered Ireland in 1999 and now has 59 outlets in the country, giving it a 4.5% share of the local grocery market. The retailer claims ...
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PropertyEU Archive
Tim Millard joins C&W's cross-border capital markets
Global property adviser Cushman & Wakefield (C&W) has announced that Tim Millard, a partner in its Moscow office, is transferring to its cross-border capital markets team with specific responsibility for Central and Eastern Europe. The CEE region covers principally Russia and Poland, together with Ukraine, the Czech Republic, Hungary, Romania ...
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PropertyEU Archive
Land Securities stops demerger, names new chairman
Land Securities, the largest real estate investment trust in the UK, has confirmed that it has put its plans to demerge into separate listed companies for retail and London offices on hold. The company has also named Alison Carnwath, (55) as the new chairman to replace Paul Myners who left ...
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PropertyEU Archive
RTM suspends newer schemes, plans sell-off
Moscow-based developer RTM Group has temporarily suspended investment in projects that are still at an early stage and plans to sell up to $300 mln (EUR 240 mln) of properties to reduce debt.
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PropertyEU Archive
ING RE's net profits approach zero in first nine months
ING Real Estate has seen its net profits tumble following a sharp devaluation of its investment portfolio. ING RE, a unit of listed Dutch financial group ING, is reporting net profit of EUR 1 mln for the first nine months of 2008, down from EUR 362 mln in the same ...
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PropertyEU Archive
Land Securities appoints Alison Carnwath as chairman
Land Securities has announced the appointment of Alison Carnwath as chairman of the group. Carnwath, (55), is chairman of M F Global and has been a non-executive director of Land Securities since September 2004. Carnwath's appointment follows the resignation of Paul Myners from the position of chairman on 3 ...
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PropertyEU Archive
Schwartz resigns as CEO and chairman of Prologis
Prologis announced on Wednesday that Jeffrey Schwartz has resigned as the company's chairman and CEO. Walter Rakowich, a former president and chief operating officer, replaces Schwartz as CEO of the Denver-based global owner, manager and developer of distribution facilities. Stephen Feinberg, the board's lead trustee, assumes the role of ...
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PropertyEU Archive
Citycon invests EUR 60m in redeveloped Finnish mall
Finnish shopping centre group Citycon said its Trio shopping centre opened on Wednesday after an extensive redevelopment costing around EUR 60 mln. The mall - Citycon's largest development project in Finland - comprises 50,000 m[sup]2[/sup] of almost fully leased space, Citycon said. The company is also planning the commercial development ...
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PropertyEU Archive
Segro launches two business parks in Ile-de-France
UK REIT Segro said on Wednesday that its French arm is adding two new business parks in de Ile-de-France region around Paris. The parks add to the 35,000 m[sup]2[/sup] Carré des Aviateurs in Blanc-Mesnil, Segro's first park in France.
