Latest reports – Page 3432
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News
Alaska Retirement holds back from real estate
UNITED STATES - Alaska Retirement Management Board has decided not to allocate any new capital to real estate investment in fiscal 2009.
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News
Cornerstone gets ready to close hotel bookings
UNITED STATES - Cornerstone Real Estate Advisers is getting ready to close the capital raising on its Cornerstone Hotel Income & Equity Fund II, having persuaded investors to commit $466m (€340.5m) to the fund.
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News
Pennsylvania Public School takes $286m risk
UNITED STATES - Pennsylvania Public School Employees Retirement System has allocated $286m (€210m) in two commingled funds to target high returns in European mortgages and Asia.
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News
PREA Conference presents a gloomy future
UNITED STATES – The pension fund real estate industry painted a pretty negative outlook for real estate investing at the Pension Real Estate Association’s 18th Annual Plan Sponsor Conference in Chicago last week.
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PropertyEU Archive
Goodman accelerates in Central Europe
Australian listed property trust Goodman has announced this week a series of further, major commitment in Central Europe as it picks up the pace up growth in the region.
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PropertyEU Archive
Confident Inteco invests EUR 250 mln in mixed-use tower in Moscow
Russian developer Inteco is to invest EUR 250 mln in the construction of a 62,000 m[sup]2[/sup] office and residential tower in south-western Moscow. The building will also include retail on the ground floor, a spa and fitness centre and has a panoramic restaurant and rest zone on the 43rd floor.
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PropertyEU Archive
Eastern European resilience eroding, with lengthy recession seen in Estonia, Latvia: SEB
The resilience of Central and Eastern Europe in the face of the global economic slowdown is starting to erode, according to the October 2008 issue of Swedish bank SEB’s Eastern European Outlook. While many countries in the region that has become a favourite target for many property ...
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PropertyEU Archive
Develica spots bargain
German property investment company Develica Deutschland said it has bought back 21,298,000 of its own ordinary shares for a total investment of EUR 2.8mln, pointing to the deep discount at which its stock was trading compared to its net asset value (NAV). Develica noted that it acquired the ...
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PropertyEU Archive
Enasarco to offload EUR3 bn Italian assets
Italian pension fund Fondazione Enasarco said its board has approved the sale of the firm's entire real estate portfolio in a move aimed at improving the company’s balance sheet position. In a statement, Enasarco said it hopes to sell the assets over the next four years. The company's real estate ...
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PropertyEU Archive
Metro’s Meydan Shopping Square wins Prime Property Award
Metro Group Asset Management was named the winner of Union Investment’s 2008 Prime Property Award at a special ceremony at EXPO REAL on Tuesday. Metro won the prize, which identifies the most sustainable real estate investment in Europe, for its Meydan Shopping Square in Istanbul.
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PropertyEU Archive
Eurasia Capital to launch logistics fund in 2009
Newly-founded Eurasia Capital, the investment fund arm of Eurasia Logistics plans to launch a logistics-based fund for institutional investors in 2009. In an interview with PropertyEU at EXPO REAL in Munich, Eurasia Capital CEO Alexandre Kotcherguine said the fund will initially focus on logistics assets in Russia. ‘The Russian logistics ...
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PropertyEU Archive
German office rental market holding up
The German office rental market has proved to be stable despite turbulent times on finance markets, according to a report from Frankfurt-based independent real estate consultancy NAI Apollo. According to NAI Apollo, compared with the previous quarter, the big five German office locations of Berlin, Frankfurt, Hamburg, ...
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PropertyEU Archive
First Industrial invests in Belgium
Industrial property company First Industrial has entered into a final agreement to invest in two distribution facilities in the heart of Belgium’s Golden Triangle. First Industrial will invest in a two building, 117,800 m[sup]2[/sup] business park, which will be known as First Park Maritime Logistics on a site located ...
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PropertyEU Archive
KanAm spezial grundinvest fund acquires Rotterdam office for EUR 57m
KamAm's spezial grundinvest fund has acquired the Laan op Zuid office building in Rotterdam for EUR57 mln. The office, which is let on long leases to two unidentified state institutions, also comes with a GreenCalc +Standards certification and is one of the ‘top ten’ most sustainable office properties in the ...
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PropertyEU Archive
Non-listed real estate funds extend lifespan - Inrev
European non-listed real estate funds are increasingly planning to extend the life of their vehicles rather than liquidate as market conditions become more challenging, according to industry body, the European Association for Investors in Non-listed Real Estate Vehicles (Inrev).
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PropertyEU Archive
Jelmoli shareholders to vote on spin-off plan on 5 November
Swiss retailer Jelmoli said Wednesday that its shareholders would be called to vote on a spin-off plan to separate its business into listed real estate and investment units in an extraordinary shareholders' meeting on 5 November 2008.
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PropertyEU Archive
Generali launches EUR 324 mln closed-end fund
Generali Immobiliare Italia, the property asset management arm of Italian insurance giant Generali, has launched a new closed-end real estate fund for professional investors. The Cimarosa fund is the group’s second property fund after the launch of the Scarlatti vehicle in 2006.
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PropertyEU Archive
Capital values to remain under pressure, says JLL
With the global economy expected to continue to weaken over the remainder of 2008 and throughout 2009, capital values are likely to remain under pressure, according to the latest Global Capital Flows report released on Tuesday by Jones Lang LaSalle. Although transactions are likely to continue, this will probably be ...
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PropertyEU Archive
DRC and DTZ form joint venture for disposal advice
DTZ and Deutsche RealCorp (DRC) have set up a 50/50 joint venture under the name DTZ RealCorp. The aim of the new company is to advise businesses on the sale of their property assets using DRC's sale-and-lease-back model, while at the same time, creating an investment product for institutional investors. ...
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PropertyEU Archive
Parcolog buys logistics scheme near Lille
Parcolog, the industrial property arm of Generali Immobiliare, has bought a logistics complex near Lille from Logidis, a unit of French retailing giant Carrefour. The new scheme, which was developed by Logidis and is rented out to the Carrefour group, provides 26,500 m[sup]2[/sup] of space, of which around 2,000 m[sup]2[/sup] ...
