Latest reports – Page 3458
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PropertyEU Archive
Colliers: 'Heathrow the most expensive warehouse space in the world'
London's Heathrow submarket is the most expensive warehouse space in the world, property services firm Colliers International said on Friday in the latest Global Industrial report. Prices in London's submarket have reached the $26.92 per sq ft per year (£13.50 per sq ft per year), according to Colliers' research.
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PropertyEU Archive
CBRE appoints new head of capital markets for Poland
CB Richard Ellis has announced the appointment of Christopher Millen as national director of capital markets in Poland. Millen was formerly with the company's Institutional Investment Properties team in Australia & New Zealand. In 2006 he was awarded the CBRE Asia Pacific Circle of Excellence for his performance and contribution ...
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News
CalPERS sets new frontiers for markets and infrastructure
UNITED STATES - California Public Employees Retirement System has formulated ranges for investing additional capital in emerging and frontier markets and put unveiled its investment guidelines for investing in infrastructure.
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News
Pennsylvania Public School invests $775m
UNITED STATES - Pennsylvania Public School Employees Retirement System has approved new real estate commitments totaling $775m (€526.4m) in four commingled funds, including a $400m chunk with Beacon Capital.
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News
Pramerica venture to invest in Manhattan skyline
UNITED STATES - Pramerica Real Estate Investors has formed a joint venture with L&L Holding Company to invest in New York City office buildings.
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News
Contra Costa County seeks moves into wider space
UNITED STATES - Contra Costa County Employees Retirement System is looking to make some big moves into the opportunity fund sector of real estate.
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News
San Francisco City and County turn to distressed debt
UNITED STATES - San Francisco City and County Employees’ Retirement System has made a €20m commitment into the Apollo European Principal Finance fund, to tap into the growing demand for distressed debt support.
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News
USS confirmed among Tesco store buyers
UK – The £28.5bn (€35.6bn) Universities’ Superannuation Scheme was today officially named as one of four buyers involved in the latest £605m sale and leaseback of UK stores owned by supermarket giant Tesco.
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PropertyEU Archive
Land Securities sells 50% of Express State
UK REIT Land Securities said on Wednesday that it has completed the sale of a 50% stake in the Empress State building iat Earls Court, London to a joint venture with Liberty International. The transaction volume amounts to £108 mln (EUR 136 mln), reflecting a net initial yield of 5.68%.
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PropertyEU Archive
Catalyst Capital debuts in Romania with EUR 25m buy
Catalyst Capital, the pan-European investment, asset management and development group, has acquired nine distribution and logistics units totalling 54,200 m[sup]2[/sup] from Italian company Incontro Prefabbricati for EUR 25mln on behalf of the WCC Europe Fund. The units are located in Arad and Timisoara, Western Romania.
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PropertyEU Archive
European shopping centres transform into community anchors
Owners of shopping centres in Western Europe are seeking to re-position their properties as the 'Third Place' between the home and the workplace where people no longer visit purely to shop but instead to shop when they are out. Shopping centres are providing 'accessible social surroundings' for people to interact ...
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PropertyEU Archive
Unite obtains planning approval for 2 London schemes
Unite Group, the UK's largest manager of branded student accommodation, said on Wednesday that it has secured planning approval for two London sites, which will provide a further 355 beds for students. The company will invest a total of £57.5 mln on the development of the sites.
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PropertyEU Archive
Rezidor to open 3 new hotels in Russia
Rezidor Hotel Group said on Wednesday that it is going to open three new hotels with a total of 969 rooms in Russia. The hospitality group said Park Inn Volgograd with 173 rooms is scheduled to open in the second quarter of 2010, followed by the Park Inn Kaliningrad (276 ...
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PropertyEU Archive
Cap & Regional creates German retail jv with Apollo
Capital & Regional, the UK co-investing property asset manager, has exchanged contracts with Apollo Real estate Advisors to establish a joint venture for its German retail portfolio. Apollo is to pay a cash consideration of EUR 65.6 mln to acquire half of Capital & Regional's equity investment in the portfolio. ...
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PropertyEU Archive
IVG sells office complex in Krefeld
Germany's IVG Development has sold the Europa Europark Fichtenhain B project development in the Western German city of Krefeld for an undisclosed amount. The property will consist of a four-storey office and administration building connected to a facility for production, service, and shipping of goods. The buyer is a ...
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PropertyEU Archive
HSBC fund enters Romania with trade park buy
HSBC's European Active Real Estate Fund has acquired a 50% interest in Expo Market Doraly business park in Bucharest from the developers, Gheorghe and Dorina Iaciu. The transaction volume amounts to EUR 104mln.
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PropertyEU Archive
GLL acquires office building in Brussels
GLL Real Estate Partners, a real estate investment company jointly owned by Italian insurance firm Assicurazioni Generali and the management of the firm, has acquired an office property in Brussels for around EUR 40mln.
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PropertyEU Archive
'Hundreds' express interest in Dawnay Day's UK portfolio
Administrator BDO Stoy Hayward said on Tuesday that it has received several hundred of inquiries about the UK portfolio of ailing UK property group Dawnay Day. BDO Stoy Hayward and real estate services firm DTZ are arranging the sale of over 200 investment properties owned by Dawnay Day in the ...
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PropertyEU Archive
Credit Suisse launches global property stocks fund
Credit Suisse has recently launched a global real estate equities fund to tap an expected recovery in share prices following sharp declines over the past 18 months, as the bank believes the sector is now approaching the bottom of its freefall.
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PropertyEU Archive
CLS Holdings sells in France
London-listed property investment company CLS Holdings said on Monday that its wholly owned subsidiary Citadel Holdings has completed the sale of three properties in France.
