Latest reports – Page 3442
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PropertyEU Archive
AMB leases 14,600 m[sup]2[/sup] at Madrid airport development
AMB Property Corporation, the San Francisco-based property developer and owner, has leased more than 14,600 m[sup]2[/sup] in a development adjacent to Madrid's Barajas International Airport to three customers. The main tenant is food and beverage group Leche Pascual, which is taking up 9,700 m[sup]2[/sup] and will use the facility for ...
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PropertyEU Archive
GTC in talks to sell 50% of Warsaw mall
Global Trade Centre, the real estate subsidiary of international investment group Kardan, is in discussions to sell its 50% stake in Warsaw shopping centre Galeria Mokotów to Franco-Dutch property group Unibail-Rodamco. Unibail-Rodamco already owns the other 50% holding indirectly.
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PropertyEU Archive
Deka acquires Italian logistics portfolio for EUR 60m
German property investor Deka Immobilien has acquired a new development project for three warehouses in the northern Italian province of Piacenza for approximately EUR 60 mln. The project was bought from Milan-listed project development company Realty Vailog for Deka's Deka-ImmobilienEuropa funds.
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PropertyEU Archive
Union Investment enters Switzerland, shops in Japan
German investor Union Investment has acquired the CityWest Gebäude F office project in the centre of the Swiss city of Zurich for EUR 80 mln. The asset - Union Investments first in the country '- is earmarked for the open-ended fund Unimmo: Europa. The building will offer 20,400 m[sup]2[/sup] of ...
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PropertyEU Archive
Quantum buys German portfolio for EUR 52m
Hamburg-based Quantum Immobilien has purchased a commercial real estate portfolio for EUR 52mln. The portfolio consists of six office properties and one office and commercial building with total rental space of about 35,000 m[sup]2[/sup] located in the cities of Düsseldorf, Munich, Wupertal and Cologne. One of the properties, a vacant ...
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News
Three out of four funds stand firm to real estate
UK – Three-quarters of UK pension funds are either maintaining or increasing their current level of exposure to real estate despite the recent turmoil in their domestic commercial property market.
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News
Washington State agrees $1.15bn investment
UNITED STATES - Washington State Investment Board has made three commitments in real estate and the tangible asset classes amounting to $1.15bn (€782m).
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News
New Jersey considers fresh investment
UNITED STATES - New Jersey Division of Investment maybe investing as much as an additional $15m (€10.2m) of capital into the Morgan Stanley Real Estate Fund VII Global commingled fund.
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News
Ohio School Employees moves into Asia
UNITED STATES - The School Employees Retirement System of Ohio has approved a commitment of $50m (€34.2m) in the Carlyle Asia Real Estate Partners II commingled fund.
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News
ING Clarion raises $200m for development fund
UNITED STATES - ING Clarion Partners has signed $202m through the capital raising on its latest commingled fund, Clarion Development Ventures III, following support from seven institutional investors, including New York State Teachers Retirement System.
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News
Sacramento County hires international REIT manager
UNITED STATES - Sacramento County Employees’ Retirement System has selected CB Richard Ellis Global Real Estate Securities as its international (ex-US) REIT manager.
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PropertyEU Archive
Eurohypo finances EUR 1.2 bn of UK asset transactions
Eurohypo's UK team has provided a total of £620mln (EUR 783 mln) over the summer to finance real estate transactions worth £965mln (EUR 1.2 bn). Covering a range of asset types, the deals include Land Securities and Liberty International's joint venture acquisition of the Empress State Building with Eurohypo ...
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PropertyEU Archive
JLL: Office rental growth slows down in Europe
The commercial real estate market cycle has turned further in favour of the occupier across Europe, but more occupiers are adapting a wait-and-see strategy, according to Jones Lang LaSalle's EMEA Occupier Conditions Report for the third quarter of 2008.
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PropertyEU Archive
Metro hires JP Morgan for Kaufhof sale
Germany's largest retailer Metro has appointed JP Morgan to lead the sale process of its Kaufhof department stores. According to news reports in Bloomberg and Reuters, the retail giant confirmed it is having 'preliminary talks' with potential buyers, but added that the official sale process has not started yet.
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PropertyEU Archive
First Property acquires warehouse project in Poland
AIM-listed property fund manager First Property Group has signed an agreement to purchase a warehouse under development in Radomsko, Poland, for an undisclosed amount. The property, purchased on behalf of the fund First Property manages for the Universities Superannuation Scheme, comprises a gross area of 48,000 m[sup]2[/sup]. The asset has ...
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PropertyEU Archive
Altarea opens shopping centre in Brest
French property company Altarea has opened its new Les Portes de Brest-Guipavas shopping centre in Brittany, France. The 52,000-m[sup]2[/sup] centre in the Brest urban area houses Ikea, Decathlon and Boulanger stores, in addition to 14 medium-size retail units, eight restaurants, a pharmacy, and a car park with 2,500 spaces. Altarea ...
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PropertyEU Archive
ING RE fund spends EUR 26m in France
The ING Real Estate French Residential Fund has acquired a residential complex and individual homes in prime locations in France, close to the Swiss border and in Bordeaux. The properties include Le Bruant in Ornex, a residential complex consisting of 12 apartments, 33 individual homes and 78 parking spaces, with ...
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PropertyEU Archive
Ablon swings to H1 loss, plans to skip dividend
Ablon Group has said it remains optimistic about 2008 despite swinging to a first half pre-tax loss of EUR 14 mln from a pre-tax profit of EUR 23 mln the year before. But the Central and Eastern European real estate owner and developer said it would not pay dividend this ...
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PropertyEU Archive
Multi Turkmall opens new mall in Turkey
Multi Turkmall has opened its Forum Aydin shopping and lifestyle centre in Turkey, the fifth Turkmall scheme to open in the country within the last two years. The opening ceremony was attended by Ertugrul Gunay, the Minister of Culture and Tourism, as well as local government officials.
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PropertyEU Archive
Swedish pension fund gets seat on Kungsleden election committee
Swedish listed property company Kungsleden said it has appointed Carl Rosen to its election committee to represent shareholder the Second AP (National Pension) Fund. His appointment follows the fund's recent disclosure that it now owns 5.1% of the shares and equity of Kungsleden, making it the largest single investor in ...
