Latest reports – Page 3421
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News
Santa Barbara County plans international expansion
UNITED STATES - Santa Barbara County Employees’ Retirement Association is looking at expanding into international real estate for the first time.
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News
CalSTRS to stick with changing First Industrial
UNITED STATES - California State Teachers Retirement System anticipates its relationship with First Industrial Realty Trust will not be affected by a major change in the firm’s upper management.
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News
Sacramento County puts manager search on hold
UNITED STATES - Sacramento County Employees’ Retirement System has put plans to conduct a new manager search on hold until at least the first quarter of next year.
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News
Apollo plans a rebrand
GLOBAL – Apollo Real Estate Advisors, the global firm with $11.6bn of equity commitments to investments worldwide, is changing its name to AREA Property Partners from the beginning of next year.
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News
Townsend retains its job in San Diego
UNITED STATES - San Diego City Employees’ Retirement System has chosen to retain The Townsend Group remain as its real estate consultant.
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PropertyEU Archive
Hypo Real Estate taps government's rescue fund
Hypo Real Estate became Germany's first listed bank to tap the government's recently set up EUR 500 mln rescue fund on Wednesday, asking for a short-term loan and saying that it may seek fresh capital.
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PropertyEU Archive
Institutional real estate mandates growing- survey
The majority of US and European institutional investors are increasing their allocation to real estate despite the global financial turmoil and North America is the most favoured investment location, according to a survey published by J. E. Roberts Companies (JER).
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PropertyEU Archive
Sanahujas mull sale of Metrovacesa stake
The Sanahujas, the owners of a 80.6% interest in Spain's largest property company Metrovacesa, are said to be negotiating a partial sale of their stake to creditor banks. According to Spanish media, Román Sanahuja, chairman of Metrovacesa, is in talks with banks HSBC and Banesto to swap debt with company ...
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PropertyEU Archive
Paris hit hardest as hotel profits fall
Profit and occupancy fell in most key European hotel city markets during September, according to the latest HotStats from TRI Hospitality Consulting. Average occupancy was down in all of the 10 cities surveyed, and only Hamburg reported a year-on-year increase in profit.
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PropertyEU Archive
Skanska to expand Stockholm shopping mall for EUR 71m
Swedish construction giant Skanska has been contracted to construct the second stage of Bromma Center shopping centre in western Stockholm on behalf of KF Fastigheter. The EUR 71-mln contract covers rebuilding and expanding an existing airport hangar built in 1947 to create a modern three-story shopping center. The project involves ...
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PropertyEU Archive
Apollo Real Estate announces name change
Apollo Real Estate Advisors is changing its name to AREA Property Partners effective from mid January next year. The company said the new name 'formalises the firm's independence and marks a new chapter in its history'.
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PropertyEU Archive
Westfield says mega White City mall won't be 'white elephant'
Australian shopping centre developer Westfield has expressed confidence that its massive White City scheme, which opens in London on Thursday, will be a success despite the fact the UK is heading into recession.
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PropertyEU Archive
KanAm acquires Paris office property for EUR 133m
German property fund manager KanAm has purchased an office building in the Paris region from French real estate company Gecina for EUR 133.5 mln. Located in Poissy commune, about 24km from the centre of Paris, the property comprises 48,396 m[sup]2[/sup] of space and is fully leased to automobile group PSA. ...
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PropertyEU Archive
Spain's property market restructuring continues
After several years of mind-boggling growth Spain's real estate sector has been plunged into crisis and the country's property firms - many of whom who mushroomed from minnows into giants practically overnight - are desperately trying to restructure to survive.
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PropertyEU Archive
Barcelona Meeting Point showcases Latin America and CEE
Barcelona Meeting Point (BMPSA) is an increasingly international real estate fair. The 12th edition being held on 4-9 November features over 40 symposium sessions and 130 speakers from 16 countries, including representatives from the Urban Land Institute (ULI), Investment Property Databank (IPD), Global Real Estate Institute (GRI) and Family Enterprise ...
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PropertyEU Archive
Multi wins BLRW award for Stadfeestzaal shopping centre
Multi Development's 20,500-m[sup]2[/sup] Stadsfeestzaal Shopping Centre in Antwerp has been chosen by the Belgium-Luxembourg Shopping Centre Board (BLRW) as winner of the Shopping Award for the best shopping centre in Belgium and Luxembourg of 2008.
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PropertyEU Archive
JLL reports 68% drop in 3Q profits
International property advisor Jones Lang LaSalle (JLL) saw its profits drop by 68% in the third quarter in part as a result of acquisition and restructuring charges. Third-quarter net income fell to $15 mln, or 43 cents a share, from $47mln, or $1.38 per share, a year before, the company ...
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PropertyEU Archive
Real I.S. shops in Paris
German investor Real I.S. has acquired an office building in central Paris for around EUR 32 mln. In a statement, the company said that the office property is earmarked for the institutional fund BGV Bayerische Grundvermögen III SICAV FIS (BGV III).
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PropertyEU Archive
Union acquires 'green' business park property in Singapore
Hamburg-based Union Investment Real Estate has announced the acquisition of the Changi Business Park 3 property in Changi Business Park Vista, Singapore.
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PropertyEU Archive
TNT opens first C02-neutral facility
Global express mail company TNT has held an opening ceremony for its first CO2 emission-free facility in the Dutch town of Veenendaal. The depot, built by VolkerWessels, is the first in a series of 'green' buildings TNT plans to use as part of its Planet Me environmental programme.
