Latest reports – Page 3452
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PropertyEU Archive
Rockspring acquires £48m of property in the UK
Rockspring Property Investment Managers said on Friday that it has completed four acquisitions on behalf of its Retail Plus Property Trust and Trans-European IV funds for a total of £48.5mln.
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PropertyEU Archive
'Economic downturn impacts on occupiers' green views'
Rental cost has proved the key factor in the decision to acquire new office space in Central London, with energy efficiency and green issues cited as the least important factor, according to Knight Frank's Central London Occupier survey which questioned more than 100 directors responsible for real estate at some ...
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PropertyEU Archive
Helaba provides EUR 125m loan to Prime Office Germany
German regional bank Helaba said it has financed the acquisition by Norwegian investment company Prime Office Germany of five office properties worth a total of EUR125 mln. The bank acted as lead arranger, agent and underwriter.
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PropertyEU Archive
Degi completes Iris deal in Romania for EUR 140m
German investor Degi has completed the acquisition of the Iris shopping cente located in Tital, Romania, for EUR140 mln. Broker CBRE Eurisko acted for the buyer. This is the second transaction that Degi, the investment division of the German group Allianz, has completed in the Romanian market recently, following a ...
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PropertyEU Archive
UBS shops in Frankfurt
UBS Real Estate has acquired an office building situated in the western part of Frankfurt for around EUR52 mln. The property is earmarked for the BS (D) Euroinvest Immobilien open-ended fund. The seven-storey building was acquired from the German company G. Dreyer Planungsgesellschaft. Developed in 2003, the asset provides a ...
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PropertyEU Archive
Epra 2008: Epra launches cross-border REIT initiative
The European Public Real Estate Association (Epra) has launched a discussion paper which it says offers a blueprint for facilitating more effective cross-border investment into and by European real estate investment trusts (REITs).
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PropertyEU Archive
Allianz invests in New York tower
Allianz Real Estate has acquired a 25% stake in the 1301 Avenue of the Americas office building in New York City. The investment volume amounts to $110mln (EUR76 mln). Allianz acquired the stake in this 45-storey building through a partnership with Paramount Group, New York's leading international real estate investment ...
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PropertyEU Archive
Epra 2008: UK companies top sustainability list
British Land and Land Securities scored highest on sustainability in an analysis carried out by JP Morgan. The results of the research 'Survival of the Fittest' were presented Thursday at the annual conference of the European Public Real Estate Ssociation (EPRA) currently being held in Stockholm.
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PropertyEU Archive
CapMan to develop new OneMed HQ in Helsinki
CapMan Real Estate I fund said on Thursday it is to develop the new headquarters of Finland's leading provider of healthcare and laboratory products OneMed. The firm has leased from the City of Helsinki an undeveloped site located in the Haaga district of Helsinki and applied for building permission on ...
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PropertyEU Archive
Epra 2008: FTSE EPRA/NAREIT expands into emerging markets
Investors in the listed property stocks will soon have a benchmark index to enable them to track the performance of the world's emerging markets for the first time. The European Public Real Estate Association (Epra) announced at its annual conference in Stockholm on Thursday that the FTSE EPRA/NAREIT Global Real ...
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PropertyEU Archive
Epra 2008: Corio wins Epra award
Dutch property investment fund Corio is the winner of the Epra Award for the Best Annual Report. 'Over the last three years Corio showed the best and most consistent improvement,' said Jury chairman Wibo van Ommeren of consultancy group Deloitte. He cited in particular the company's more extensive information on ...
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News
Ohio Police and Fire dampens core strategy
UNITED STATES - Ohio Police and Fire Pension Fund has altered its 2008 real estate strategy and will now be investing in core real estate this year, as previously planned.
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News
EPRA calls for focus on cross-border possibilities
EUROPE - Addressing the barriers to efficient cross-border investment in European real estate is more important in the near-term than lobbying for the creation of pan-European real estate investment trust (REIT) regime, according to the European Public Real Estate Association (EPRA).
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News
Wisconsin expands real estate consultancy needs
UNITED STATES - Wisconsin State Investment Board has expanded the duties for its real estate consultant, Courtland Partners, as officials at the pension fund say its remit is becoming more complicated.
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News
Texas Employees to employ real estate consultant
UNITED STATES – The Employees Retirement System of Texas has begun the search to find a real estate consultant for the first time, and has issued a Request for Information to the market.
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News
Texas Teachers makes $250m gateways commitment
UNITED STATES - Teacher Retirement System of Texas has approved a $250m (€171.2m) commitment with Westbrook Partners’ latest commingled fund.
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News
SanFran City and County signs follow-on commitments
UNITED STATES - San Francisco City and County Employees’ Retirement System is extending its relationship with CapMark Financial Group by approving follow-on real estate commitments worth $62.5m (€43.2m).
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PropertyEU Archive
Hypo RE provides EUR 264m financing to Prologis
Hypo Real Estate Bank International said on Wednesday that it has provided a EUR264 mln loan facility to ProLogis European Properties Fund II to refinance 34 distribution facilities located in Central Europe. In a statement, Hypo RE said it acted as Facility Agent, together with Aareal Bank, Deutsche Postbank and ...
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PropertyEU Archive
Babcock & Brown appoints new CFO
Babcock & Brown, the international investment and specialised fund and asset management firm, has announced that it has appointed John Fanning as Chief Financial Officer, effective immediately. Fanning replaces Michael Larkin who was appointed CEO and managing director on 21 August 2008.
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PropertyEU Archive
DTZ: CEE letting market remains immune to sub-prime fallout
Growth in Germany and some Central and Eastern European (CEE) markets, particularly Moscow, shows no sign of letting up despite the credit crunch, according to DTZ's new European Leasing Markets report. 'While some occupier markets have been hard hit, others have yet to register any major impact from the global ...
