Latest reports – Page 3470
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News
CalPERS invests in ‘master-planned’ residential
UNITED STATES - Newland Communities has made another investment in a residential land for a partnership with the California Public Employees Retirement System.
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Florida plans up to $1.1bn investment in infrastructure and timber
UNITED STATES - Florida State Board of Administration has approved commitments to infrastructure and timber for as much as $1.1bn (€691.6m).
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Gdansk hosts Poland’s first PPP
POLAND - The regeneration of Gdansk shipyards – the iconic launch site of Lech Wałęsa’s anti-Communist Solidarity movement in the early 1980s – is to be Poland’s first full private-public partnership.
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SWFs avoid infrastructure, opt for funds
GLOBAL - Sovereign wealth funds (SWFs) will shy away from direct investment in global infrastructure to avoid allegations of ‘political’ investment, according to analysts at the McKinsey Global Institute, an economics thinktank.
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Property funds target Italian market, investors
ITALY - LaSalle Investment Management last week opened an office in Milan under former Redevco chief acquisitions officer Francesco Coviello.
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Developer bags ABP for European reach
NETHERLANDS - APG, the investment arm of ABP, has acquired a 5.77% shareholding in French shopping centre developer Altarea.
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PropertyEU Archive
Cofinimmo buys 4 nursing homes in Belgium
Belgian property company Cofinimmo announced the closing of the acquisition of four nursing homes with a total of 1,064 beds and 45,000 m[sup]2[/sup] of space in Belgium. The company bought the assets - Damiaan in Flemish Brabant and La Cambre, Schweitzer, Van Zande in Brussels - for EUR 78mln, ...
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PropertyEU Archive
Student housing woos investors
Europe's property market remains challenging as many property values continue to fall and financing conditions remain tough. However, one asset class is bucking the trend to deliver strong rental growth. Student housing - which has been largely ignored by most investors until now - is attracting the eye of investors ...
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PropertyEU Archive
Sal. Oppenheim sets up real estate investment management firm
Sal. Oppenheim Real Estate said on Friday that it has launched a new real estate investment management company based in Zurich, 4IP Management. The new firm will capitalise on the experience accumulated by Sal. Oppenheim's consultancy unit 4IP, which has been active in indirect investment over the last two years.
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PropertyEU Archive
Leasinvest builds new office for Cegelec
Belgian real estate investment trust Leasinvest Real Estate said it has closed a leasing agreement with Cegelec for a new office that LeaseInvest will build within the Alpha Campus business park in Antwerp. Cegelec, a French technological services company, will lease the asset for a fixed term of 15 years ...
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PropertyEU Archive
Aberdeen Nordic Fund acquires two properties
Aberdeen Property Investors' Luxembourg based Aberdeen Property Nordic Fund I SICAV has made two acquisitions and exceeded its target equity size of EUR 200mln. The fund has bought a 5,877 m[sup]2[/sup] office property within Plaza Business Park in Vantaa, Finland, from the Helsinki Metropolitan area. The eight-storey Plaza Piano property ...
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PropertyEU Archive
Jelmoli board member endangers spin-off plan
Swiss retailer Jelmoli said on Friday that a request by a member of its management board and significant shareholder in the company is 'putting at risk' the success of a spin-off plan announced earlier this year to separate the Swiss retailer's business into separate listed real estate and investment units.
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PropertyEU Archive
Banco Popular buys land in Madrid for new head office
Spain's Banco Popular has agreed with media company Vocento on the purchase of a large plot of land in Madrid where the Spanish bank plans to relocate its new headquarters. The site, which was acquired for EUR 80mln, willl house in 2013 the bank's total staff of about 3,000 that ...
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PropertyEU Archive
Bilia sells in Denmark
Swedish retailer Bilia has signed an agreement with a subsidiary of Corem Property Group for the sale of some assets in Copenhagen for a total of SEK 278mln (EUR 30mln). Bilia will lease back the properties which are to be transferred to the new owner on 1 September 2008. This ...
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PropertyEU Archive
Saggel awarded 23,300 m[sup]2[/sup] property management contract
Nexity's property management unit, Nexity Saggel, has won the management contracts for three office buildings in France with 17,000 m[sup]2[/sup] of leasable space. The assets were recently acquired by the Capnexi OPCI investment vehicle, a fund 60%-controlled by Captiva Capital Partners III and 40%- by Nexity itself. Pharmaceutical group Bayer, ...
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PropertyEU Archive
Redevco Finland acquires second property in Oulu
Redevco's Finnish unit has acquired a high-street retail property in Oulu from Oulun Osuuspankki, a unit of the OP-Pohjola Group of independent co-operative banks, for almost EUR 19mln.
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PropertyEU Archive
EZW completes acquisition of Gazeley
Logistics developer Galezey said on Friday that the acquisition by Dubai World's Economic Zones World (EZW) has received European regulatory approval. EZW first announced in June that it had bought the Wal-Mart-owned global provider of sustainable logistics space, as part of its strategy to expand into global markets.
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PropertyEU Archive
LaSalle fund buys 3 office buildings near Bremen airport
LaSalle Investment Management's EUR 1bn German Income & Growth Fund (GIG) has acquired a 22,500 m[sup]2[/sup] office portfolio consisting of three buildings near Bremen airport. The investment vehicle has bought a 6,500 m[sup]2[/sup] existing building and two office projects for about EUR 35.5mln. The existing asset was completed ten years ...
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Capri goes international
UNITED STATES - Capri Capital Partners has expanded its efforts to international real estate with its plans to develop a $2bn (€1.27bn) mixed-use project in Saudi Arabia.
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Virginia places capital in real estate debt securities
UNITED STATES - Virginia Retirement System has created two new investment entities to investing in real estate debt securities.
