Latest reports – Page 3469
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PropertyEU Archive
Skanska sells land for SEK 117m in Warsaw
Swedish construction company Skanska has sold a 38,000m[sup]2[/sup] plot of land with building rights in Warsaw for SEK 117mln (EUR 12.3mln) to the Canadian investment fund, Capital Park. The deal, which represents a capital gain of SEK 94mln, will be reported in the third quarter. The land is located ...
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PropertyEU Archive
Meinl buyout gets the go-ahead from shareholders
An EUR 800mln investment by Israeli property company Gazit-Globe and US investor CPI Property Investors (CPI) in Austrian-listed property developer Meinl European Land (MEL) has been approved by Meinl shareholders in an extraordinary general meeting.
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PropertyEU Archive
Patrick Burgess to replace Robert Finch as chairman of Liberty International
UK real estate investment trust (REIT) Liberty International said Patrick Burgess would replace Sir Robert Finch as the chairman of its board, effective 31 July. Finch is stepping down after three years as chairman of the company, explaining in a statement that he now wanted to ...
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PropertyEU Archive
Imorendimento develops business park in Portugal
Imorendimento, the Portuguese company active in institutional real estate investment and asset management, is developing a business park in Paços de Ferreira, Northern Portugal. The project involves an investment of EUR 25mln.
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PropertyEU Archive
Pembroke buys 190,000 m[sup]2[/sup] portfolio in Nordic capitals
Pembroke Real Estate announced on Thursday that it has acquired a 190,000 m[sup]2[/sup] portfolio of twelve office/retail buildings located in main business districts of Stockholm, Oslo and Helsinki. The primary tenant is Nordea Bank. These acquisitions are Pembroke's first in the Nordic region.
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PropertyEU Archive
VastNed sells seven properties in the Netherlands
Pan-European property fund VastNed Offices/Industrial has sold seven properties in the Netherlands for EUR 11.2mln in total. According to the company statement the sales were, on average, concluded at book value and the annual gross rental income of the seven properties totalled EUR 0.8mln. The statement added that the sales ...
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PropertyEU Archive
Union Investment: Sustainability driving decisions in property investment sector
A multi-speed Europe is now emerging among European property investors who are tackling the key issue of sustainability with varying degrees of priority and differing expectations, according to a report published on Thursday by Union Investment.
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PropertyEU Archive
SEB AM re-enters UK market with EUR 63m acquisition
German asset manager SEB Asset Management said that it has taken advantage of favourable market conditions to re-enter the British market, acquiring a Grade A logistics property in West Moor Park in Doncaster for about EUR 63mln and indicating that it also sees good purchase opportunities in the London office ...
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PropertyEU Archive
IPD: UK Pooled Property Fund Returns fall for fourth consecutive quarter
UK Pooled Property Fund Indices reported a total return fall of -5.6% in Q2, 2008, according to the IPD report published on Thursday. The fall marks the fourth consecutive quarter of negative performance and a record decline of -19.9% on a 12-month rolling basis the report said.
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PropertyEU Archive
W.P. Carey buys two properties in Germany
Investment firm W. P. Carey & Co. announced on Tuesday that CPA:16 Global and CPA:17 Global, two of its publicly held non-traded REIT affiliates, have purchased two properties in Soest and Bad Wünnenberg, Germany, from Arques Industries for approximately EUR 37mln. The properties have been leased back to ...
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PropertyEU Archive
BCO appoints Colliers director as new president
The British Council for Offices will appoint Nick Ridley, executive director of Colliers CRE, as president for 2008-2009 at the BCO’s AGM on Tuesday, the organisation announced in a press statement.
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PropertyEU Archive
Eastern Europe accounts for nearly half of space at Mipim Horizons
Eastern European companies account for 45% of the exhibition space confirmed so far for the first edition of Mipim Horizons, the world’s property market dedicated to fast-growing countries, the organisers said in a press release on Tuesday. In total. nearly 3,000 m[sup]2[/sup] of exhibition space has already been confirmed by ...
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PropertyEU Archive
IPD UK monthly index falls further in June
All property total returns for the IPD's UK Monthly Property Index fell by -1.5% in June , more than twice as much as in May when all property total returns slid -0.7%. The decline in capital growth increased markedly to -2.0% from -1.2% in May, with the pace of re-pricing ...
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PropertyEU Archive
DIC Asset continues successful letting and sales activities
Frankfurt-based DIC Asset said it had successfully placed five commercial properties from its 'Value-Added' and 'Opportunistic Co-Investments' segments, the total volume of which is around EUR 22mln, with various investors according to a statement released by the company on Thursday. The company said the properties, which are located in Frankfurt, ...
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PropertyEU Archive
Valad raises EUR 196m for French industrial fund
Sydney-based Valad Property Group has raised EUR 196mln in its first closing for its new EUR 500mln industrial fund in France, known as Parc d'Activités. Twelve international institutional investors have committed EUR 96mln, including EUR 5mln from Valad Property Group. In addition, Landesbanken Hessen-Thuringen-Girozentrale (Heleba) is providing a first tranche ...
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PropertyEU Archive
LSR Group acquires Yekaterinburg developer for EUR 100m
Russian real estate developer LSR Group said it has acquired 100% of Yekaterinburg, Russia-based property developer ZAO Nova-Stroy for EUR 100mln. LSR said the acquisition of ZAO Nova-Stroy, the third largest developer in Yekaterinburg, was part of its strategy of setting up its regional division in the ...
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PropertyEU Archive
Kungsleden sells properties to Northern Logistic Property for SEK 600m
Swedish listed property company Kungsleden said it has sold five logistics and warehouse properties to Oslo-quoted Northern Logistic Property for a total SEK 600mln (EUR 63mln). Kungsleden said the sales price exceeds book value by SEK 7mln and its acquisition value by SEK 51mln. Kungsleden ...
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PropertyEU Archive
Société de la Tour Eiffel highlights sustained activity as 1H revenues rose 9.8%
French listed property firm Société de la Tour Eiffel (STE) said it registered a sustained level of activity in the first half of 2008, with revenues rising 9.8% to EUR 42.7mln compared to the like, year-earlier period. Despite tougher economic times, STE said the performance of French ...
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News
US pension funds still interested in value-added real estate
UNITED STATES - Apollo Real Estate Advisors was able to reach its capital raising target for its latest commingled fund, Apollo Value Enhancement Fund VII.
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News
Ohio School Employees real estate commitment unchanged
UNITED STATES - The School Employees Retirement System of Ohio plans to invest $100m (€62.9m) to $150m in real estate over the next 12 months. This is roughly the same amount that was planned for fiscal year 2008. This allocation is part of the pension fund’s annual investment plan for ...
