Latest reports – Page 3445
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PropertyEU Archive
Colony Capital, Bouygues JV sells Le Spazio for EUR 193m
The property arm of Natixis Global Asset Management, AEW Europe, has completed the acquisition on behalf of a joint venture of La Caisse des Dépôts, UMR and Foncière Ecureuil 2, of an office building in Nanterre, France, for EUR 193 mln. The preliminary agreement to buy the asset from private ...
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PropertyEU Archive
JLL's newly-appointed EMEA CEO sees 'very challenging' year ahead
Christian Ulbrich is about to step into some very global shoes. Jones Lang LaSalle's (JLL) head of German business will become the new CEO for the EMEA region in January next year, succeeding Alistair Hughes, who will take over from Peter Barge as CEO for Asia Pacific. In his new ...
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PropertyEU Archive
Reita launches discount to NAV data for UK firms
Reita launched this week the first publicly available discount to Net Asset Value (NAV) data for UK commercial property. Reita - the education and awareness campaign for property investment and REITs - said it will publish on its website monthly figures reporting the average discount or premium to NAV of ...
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PropertyEU Archive
Minerva takeover talks with Limitless advance
UK property developer Minerva said on Thursday that negotiations for a possible takeover by Dubai-based Limitless World are ongoing and that Limitless' due diligence is 'substantially' complete. It added that a further announcement will be made when appropriate. The statement by Minerva came as the London-based builder announced its full ...
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PropertyEU Archive
Sweden's largest mall opens its doors
Private property investment company Boultbee said on Thursday that its Skarholmen shopping centre has just re-opened in Stockholm following a ten year refurbishment programme. The property, which was bought by Boultbee last year, is the largest shopping mall in Sweden with 200 stores and a total lettable retail area ...
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PropertyEU Archive
Market halts trading in Orco shares after 20% drop
Shares in Czech property developer Orco stopped trading on the Prague stock market on Thursday after they slumped more than 20% from opening levels. Orco shares fell to an historical time low of EUR 14.11 on Thursday morning. The stocks shortly resumed trading and closed the day with a drop ...
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PropertyEU Archive
Christie + Co markets Europe's largest Express by Holiday Inn
Global business agent Christie + Co said it has been hired by UK hotel operator Kew Green Hotels and investor Close Ventures to sell the Express by Holiday Inn hotel at London Stansted - Europe's largest Express by Holiday Inn Airport. In a statement, the company said that it has ...
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PropertyEU Archive
ECE poaches director from Apsys
German retail developer ECE said that it has appointed Rafal Twarowski as new managing director of ECE Projektmanagement Polska, the group's Polish development unit. Twarowski will join the management board with responsibility for ECE operations and further growth in Poland. Twarowski will primarily focus on the development of new projects: ...
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PropertyEU Archive
Multi Development opens Forum Duisburg in Germany
Dutch developer Multi said that its Forum Duisburg shopping centre opened its doors on Thursday in the German city of Duisburg. With about 57,000 m[sup]2[/sup] of retail floor area, the mall is currently the largest inner-city retail project in the North Rhine- Westphalia region of Germany.
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PropertyEU Archive
Inrev: Investors keep faith in European non-listed funds
Institutional investors plan to increase their allocations to the real estate asset class despite the downturn in the market, according to a survey carried out by industry body Inrev. Over 70% of the institutional investors who responded to the survey said they intended to increase their allocation to real estate ...
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PropertyEU Archive
Deka acquires Cambridge retail park for EUR 114m
German investor Deka Immobilien said on Thursday that it has acquired the Cambridge retail park in the university city of Cambridge, UK, for about EUR 114 mln. The purchase adds another retail building to the portfolio of the company's open-ended fund Deka ImmobilienEuropa. The property was sold by a 72/25 ...
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PropertyEU Archive
Immofinanz dismisses rumours of impact from Lehman crisis
Austrian investor Immofinanz rushed to dismiss rumours on Thursday that the company or its 54%-controlled unit Immoeast has been affected by the collapse of US investment bank Lehman Brothers.
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PropertyEU Archive
Castellum buys and sells in Sweden
Swedish listed property company Castellum announced on Thursday that it has acquired seven properties for SEK 302 mln (EUR 31 mln) and sold one asset for SEK 28 mln. In a statement, the real estate firm also said that it signed new long term credit agreements of SEK 500 mln ...
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PropertyEU Archive
JLL to manage The Bridge scheme in Edinburgh
International property services firm Jones Lang LaSalle (JLL) has been appointed to manage The Bridge mixed-use property in Edinburgh, UK. The £34 mln (EUR 43 mln) project by a joint venture of developer Kilmartin and the Bank of Scotland is located on the site of the former Lothian Regional Council ...
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News
REIT changes demanded
GERMANY – German REIT companies have a long list of demands on how to change the REIT legislation, according to the online information portal www.reits-in-deutschland.de.
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News
IVG and Metzler lose their heads
GERMANY – German real estate company IVG will have to look for a new chief executive as Wolfhard Leichnitz is leaving the company at the end of September.
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News
CalPERS uses $700m to tap opportunity
UNITED STATES - California Public Employees Retirement System is continuing to pursue its international real estate investment strategy by placing $700m (€493.8m) in real estate commingled funds generating targeted net IRRs of 20%.
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News
CalSTRS creates emerging manager real estate programme
UNITED STATES - California State Teachers Retirement System is developing an emerging manager strategy in real estate for the first time.
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News
Illinois State Universities begins fresh real estate searches
UNITED STATES - State Universities Retirement System of Illinois has approved new manager searches for real estate and infrastructure, in a bid to achieve higher returns than available in equities and bonds.
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News
LACERA plans fiduciaries search
UNITED STATES - Los Angeles County Employees Retirement Association has approved a search to hire up to eight independent fiduciaries to work with the pension fund in assessing co-investment real estate opportunities.
