Latest reports – Page 3424
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PropertyEU Archive
Q&A with Timo Tschammler, DTZ
Timo Tschammler, managing director of international investment at DTZ in London, is casting his net wide in search of real estate investment opportunities.
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PropertyEU Archive
Pirelli RE gets approval for last phase of Bicocca project
Italian property giant Pirelli RE said it has been granted approval by the city of Milan, Lombardy region and the Bicocca University for the completion of its Grande Bicocca urban redevelopment project in northern Milan. The Italian group is now to launch the last phase of its Bicocca masterplan, which ...
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PropertyEU Archive
Goodman and GPT seek to improve capital positions
Goodman Group, the international logistics and business park group, is poised to make an announcement on what the company described as 'capital management initiatives'. Trading in the company's shares was halted on the Australian Stock Exchange on Friday pending the announcement.
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PropertyEU Archive
Colonia terminates solar project partnership
Cologne-based Colonia Real Estate has dissolved its business cooperation with Systaic, a month after the Dusseldorf-based provider of solar panel systems had signalled the partnership was finished. Colonia said its legal assessment was that the cancellation was invalid but it could see 'no basis for further successful cooperation' with Systaic.
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PropertyEU Archive
Immofinanz: no dividends this year
Austrian property investor Immofinanz said on Thursday it has decided not to pay out dividends for the 2007/08 financial year. In September the company passed a resolution determining a dividend of EUR 0.40 per share, but the company's new chief executive Thomas Kleibl opted a month later for the cancellation ...
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PropertyEU Archive
Icade sells in Paris for EUR 51m
French property company Icade said on Thursday that it has signed an agreement to sell an office building in in Rue Mogador in Paris for around EUR 51 mln. The company, which made the announcement during the presentation of its third-quarter results, said that the transaction price is 7% higher ...
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News
Alameda County opts out of JP Morgan commingled fund
UNITED STATES - Alameda County Employees Retirement Association has decided it wants to pull out of its commitment to JP Morgan’s Alternative Property Fund.
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News
Ohio PERS grabs opportunity to look beyond the value-add
UNITED STATES - Ohio Public Employees Retirement System will be shifting some of its investment capital in real estate to an opportunistic strategy in a bid to tap the little investment likely to surface over coming months.
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News
CalPERS reserves $400m for hotel fund
UNITED STATES - California Public Employees Retirement System has made a $400m (€300.4m) commitment to the Starwood Capital Hospitality Fund II, following earlier success with an first version of Starwood’s specialist fund.
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News
SanFran to become selective in real estate
UNITED STATES - San Francisco City and County Employees’ Retirement System is slowing down its real estate decisions to match the state of the US market and will make very selective investment decisions for the rest of the year.
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News
California Uni puts real estate on ice
UNITED STATES - The University of California Retirement Plan has put plans to increase its real estate target allocation on hold until markets turbulence and returns have calmed.
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PropertyEU Archive
Retail volumes down by half on 2007 level - JLL
The total volume of retail real estate transactions in the first three quarters of 2008 was EUR 11 bn, a little more than half the EUR 21 bn recorded in the same period last year, Jones Lang LaSalle has said in a new report.
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PropertyEU Archive
Alstria office secures EUR 95m refinancing
German real estate investment trust Alstria Office REIT has said it has secured EUR 95 million in debt refinancing as part of its strategy to align its underlying financing with its asset-specific business plans and increase the flexibility of its credit lines.
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PropertyEU Archive
Union Investment buys two office buildings in Munich
Hamburg-based Union Investment Real Estate has acquired two office buildings in Munich for its UniImmo: Deutschland open-ended real estate fund. Union Investment purchased the Laim290 from Vivico Real Estate AG in a transaction worth around EUR 30 mln. The deal was brokered by AtisReal.
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PropertyEU Archive
Sponda sells retail and office property for EUR 28m
Finnish real estate investment company Sponda has signed a binding agreement to sell a retail and office property located in the centre of Espoo to Tapiola KR III Ky property fund for EUR 28.3 mln. The Tapiolan Toimitalo property contains 5,000 m[sup]2[/sup] of retail premises and 2,300 m[sup]2[/sup] of offices. ...
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PropertyEU Archive
Martinsa Fadesa sells in Morocco
Spanish property company Martinsa Fadesa has sold part of its Moroccan assets to Addoha, its joint venture partner in the country, for a total price of EUR 43 mln. The group has sold plots of lands in Marrakesh and Bouskoura, near Casablanca, which the company said are no longer ...
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PropertyEU Archive
Hochtief to buy back EUR 140m worth of shares
German construction group Hochtief has announced the launch of a share buyback of up to 3.47 million shares. The shares, with a value of around EUR 140 mln, will be bought by the company's pension fund, Hochtief Pension Trust. The share buyback programme was first approved during a meeting in ...
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PropertyEU Archive
Sibir snaps up Moscow assets for EUR 89m
Russian energy company Sibir has acquired two properties in Moscow for a total of $115.4 mln (EUR 89.2 mln) from companies connected to Chalva Tchigirinski, the group's largest shareholder. The company has agreed to acquire the Sovetskaya Hotel in Moscow for $81.7 mln, of which $57.7 mln has already been ...
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PropertyEU Archive
Carpathian may consider selling company
Carpathian, the AIM-listed retail commercial property investor, has announced it is launching a strategic review which could result in the sale of the entire company. Hawkpoint Partners has been appointed to as financial adviser to assist Carpathian's board with the evaluation of the company.
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PropertyEU Archive
Hammerson schemes get 'Excellent' BREEAM rating
Hammerson, the UK real estate investment trust (REIT), has secured an 'Excellent' environmental rating for its developments at Cabot Circus, Bristol and 60 Threadneedle Street in the City of London.
