Latest reports – Page 3430
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PropertyEU Archive
Prologis to build 29,000 m[sup]2[/sup] facility in the Netherlands
International operator of distribution facilities Prologis said on Monday that it will develop 247,000 sq ft (29,000 m2) of warehouse space in the Netherlands for one of Europe's largest communications distributors. The firm will build the facility at ProLogis Park Stichtsekant, a new distribution park located north of Amsterdam in ...
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PropertyEU Archive
Property financiers get new lifeline under pan-European bailout
Royal Bank of Scotland (RBS) and HBOS are among the list of ailing UK banks set to receive a capital injection under the pan-European bailout scheme agreed by European leaders at the weekend.
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PropertyEU Archive
Immofinanz: sell-offs planned and merger under scrutiny
Immofinanz and its subsidiary Immoeast will safeguard liquidity in the current market climate by selling off portfolio assets and sharply reducing the number of development projects, the companies' new board spokesman Thomas Kleibl said on Monday. In addition, the companies will evaluate the advantages of a merger between Immofinanz and ...
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PropertyEU Archive
AEW Europe launches Logistis III
Real estate investment manager AEW Europe said it is launching its third specialised logistics fund: Logistis III. The company, which in 2000 and 2003 set up the Logistis I and II investment vehicles, said it aims to raise a total of EUR 350 mln in capital for its third logistics ...
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PropertyEU Archive
DTZ appoints former Barclays COO as chief executive
Paul Idzik, chief operating officer of Barclays bank until May this year, has been appointed the new group chief executive of property consultant DTZ, replacing Mark Struckett who said in June that he planned to step down from the board.
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PropertyEU Archive
New Losan hotel fund to invest EUR 1.6bn over three years
Losan Hotels World has announced it is launching a new fund to acquire EUR 1.6 bn of hotel assets around the world over a three-year period, starting in 2009. The Madrid-based firm owned by César Losada and Spanish banking groups also said on Monday that its first fund closed with ...
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PropertyEU Archive
Icade seeks partner for services activities
French property group Icade said it is seeking a strategic partner for its property services business as part of a plan to refocus the company's property services division on activities 'where there are real synergies', the company said in a statement. Those activities consist of consulting, managing student housing and ...
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News
Pan-European retail sustainability standard launched
EUROPE- Bre Global, a property research and consultancy group specialising in the assessment of the environmental and social impact of property developments, has launched what is said to be the first pan-European retail sustainability standard – a ‘green’ code of practice designed to ensure commercial development projects have minimal impact ...
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News
Emerging markets real estate to feel the pinch
GLOBAL - The International Monetary Fund (IMF) has warned the real estate sector in the emerging markets will not be immune from the global credit crisis, contrary to the prediction of many analysts.
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News
Laxton to head UK charge of Cushman & Wakefield
UK - Cushman & Wakefield, the global real estate consultants and investment firm, has appointed Bryan Laxton as chief executive officer of its UK business from January 2009.
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News
Behringer Harvard opens door to European expansion
EUROPE – Behringer Harvard, the US-based international commercial property investment fund specialists, has extended its European range with several acquisitions in Central Europe.
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News
Hermes’ trial to measure financial impact of carbon reduction
EUROPE – Hermes Real Estate is to launch Hermes Emissions Trading Scheme (HETS) in a bid to prepare the asset management firm and its tenants for the Government’s introduction of the Carbon Reduction Commitment (CRC) in October 2009.
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News
Italian real estate held ground in H1
EUROPE – The total return of Italian pooled property funds dropped during the first half of 2008 but still managed stay in positive territory of 4.1%, according to the latest results from IPD’s Italian Pooled Property Fund study.
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News
Brazil’s FUNCEF to tackle equity fall with real estate
BRAZIL – FUNCEF, Brazil’s third-largest pension fund and one of the largest in Latin America, plans to allocate approximately BRL520m (€611m) to the fund’s real estate portfolio in a bid to diversify its assets following a huge drop on its chosen equity index
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News
Dumfries reviews real estate manager and allocation
UK – Dumfries and Galloway pension fund is looking to appoint a pension fund investment manager to manage up to £45m (€58.2m) in its UK and global property assets.
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PropertyEU Archive
Viermetz resigns as chairman of Hypo's supervisory board
Hypo Real Estate announced the resignation on Friday of Kurt Viermetz as chairman of the property lender's supervisory board. The move came at the end of a week in which Axel Wieandt was named as the new CEO to replace Georg Funke who stepped down following the agreement on a ...
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News
Swiss pension funds buy Bern housing land
SWITZERLAND – Swiss pension funds have increased their real estate investments in Bern, by acquiring residential fields for new development projects.
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News
Market pressures force fund extensions
EUROPE – Non-listed real estate funds are increasingly extending the life of their vehicles rather than liquidating them in a bid to avoid the forced sale of their assets at current low market prices, the European Association for Investors in Non-listed Real Estate Vehicles (INREV) has found.
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News
European real estate shown as Canadian target
CANADA/EUROPE - Major Canadian pension funds continue to invest in European real estate, despite the credit crunch, as consumer and investor confidence remains high, according to DTZ.
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PropertyEU Archive
Union Investment acquires Krisztina Palace development in Budapest
German investor Union Investment Real Estate has acquired the Krisztina Palace development in Budapest, Hungary for an investment of EUR 60mln. Union Investment purchased the development for its UniImmo: Global fund, which is making its first investment in Central and Eastern Europe with this transaction. The developer and vendor of ...
