Latest reports – Page 3485
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PropertyEU Archive
Lloyd Fonds acquires two hotel projects in Germany
Hamburg-based fund manager Lloyd Fonds has acquired two hotel developments in Germany for EUR 36mln from German hotel development firm GBI. Lloyd Fonds bought two Motel One developments in Nuremberg and Berlin and said the hotels will be transferred to a new closed-end fund which will be launched at the ...
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News
Ohio PERS prepares for move overseas
UNITED STATES - Ohio Public Employees Retirement System is getting ready to make its first ever move into investing in international REITs.
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News
Pramerica books space at Mexican resort
UNITED STATES - Pramerica Real Estate Investors is expecting to invest as much as $800m (€517m) over several years in a joint venture to develop the second phase of a project along the Sea of Cortez in Mexico, known as CostaBaja Resort & Marina.
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News
SanFran City & County ups real estate assets by 2%
UNITED STATES - San Francisco City & County Employees’ Retirement System has decided to increase its exposure to real estate to 12%.
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News
Maryland sees value in adding to real estate
UNITED STATES - Maryland State Retirement System has signed a deal to invest with a new manager to the fund, by committing $100m (€64.6m) to the Rockwood Capital Real Estate Partners VIII fund.
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News
LACERA extends its hotel funds holding
UNITED STATES - Los Angeles County Employees Retirement Association has further diversified of its assets into hotel investments, and approved a $100m (€64.5m) commitment to the Starwood Capital Global Hospitality Fund II.
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PropertyEU Archive
Goodman develops 30,000 m[sup]2[/sup] facility in Lyon
Australian property giant Goodman is to develop a 30,000 m[sup]2[/sup] logistics centre in the greater Lyon area for leading logistics service provider NYK Logistics. This is the third warehouse Goodman will develop for NYK Logistics in Europe, adding to a 23,600 m[sup]2[/sup] warehouse in Poland and a 19,000 m[sup]2[/sup] facility ...
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PropertyEU Archive
Tecla fund sells three assets for EUR 21m
Tecla Fondo Uffici, a Milan-listed investment fund managed by Pirelli Real Estate, has sold three buildings in Milan (two assets) and Rome for a total EUR 21mln. In a statement, Pirelli RE said the assets have been sold to an Italian institutional investor for a net yield of 6.5%.
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PropertyEU Archive
Woolworths sells four London stores
UK retailer Woolworths Group said on Wednesday that it has agreed to sell four London stores to supermarket chain Waitrose for £25.5mln (EUR 32.2mln).
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PropertyEU Archive
Syntrus Achmea buys logistics centre in Venray
Syntrus Achmea Vastgoed has acquired a logistics centre in the southeastern Dutch town of Venray from a private investor for an alleged sum of EUR 22mln. The property will be added to the company's Achmea Dutch Industrial Property Fund.
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PropertyEU Archive
Coperfil RE to develop business park in Valladolid
Spanish commercial property developer Coperfil Real Estate is to develop the Viapark Arroyo business park in Valladolid, southern Spain. Completion of the project, which is to be built on a 48,000 m[sup]2[/sup] site, is scheduled for the first half of 2010. The company said it was granted a construction permit ...
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PropertyEU Archive
DTZ: European markets see sharp declines in Q1
Total investment volumes across Europe were down 18% at EUR 38bn in the first quarter of 2008 compared with the previous quarter, property consultant DTZ said in its Q1 2008 European Quarterly published on Tuesday. The French and German markets were particularly hard hit by the downturn in the wake ...
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PropertyEU Archive
Orco sells two-thirds of Prague's Citadela project
Central European developer Orco Property Group said on Wednesday that it has sold 63% of the residential part of its Citadela project in Prague. In a statement, the company said that the apartments were sold shortly after the launch of the marketing programme in April and one year before completion ...
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PropertyEU Archive
Banimmo acquires North Plaza for EUR 32m
Belgian redevelopment company Banimmo said on Wednesday that it has purchased the North Plaza building in Brussels from KBC Bank for EUR 32mln. Banimmo launched an initial EUR 29.2mln takeover bid for North Plaza in December 2007. The company was vying with GE Real Estate for the asset. The acquisition ...
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PropertyEU Archive
Gecimed buys clinic from Orpea
Gecina's healthcare real estate unit, Gecimed, has acquired the Grand Pré clinic from French nursing home group Orpea for about EUR 11mln. The facility is located within a five-hectare park in the Clermont-Ferrand urban area of central France. The psychiatric clinic, focusing on care for the elderly and patients with ...
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PropertyEU Archive
Redevco disposes of three Dutch office properties
Redevco Nederland, the Dutch arm of Amsterdam-based property company Redevco, has sold a portfolio of three office buildings to Ouwehand Bouw Vastgoed, also of the Netherlands. The total investment volume is around EUR 20mln.
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PropertyEU Archive
Generali Immobilier set to launch first hotel fund
Generali Immobilier is set to unveil the launch of a large hotel fund in the next weeks, with the first closing expected to take place between the end of 2008 and the beginning of 2009, Alban Liss, director of asset management and investment at Generali, told PropertyEU. More details about ...
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PropertyEU Archive
ECE to give Huma shopping centre major facelift
Swiss property company Unimo has commissioned German shopping centre specialist ECE Projektmanagement to give its Huma shopping centre in Neuss a complete facelift. The renovation will cost EUR 140mln and take place between now and the autumn of 2009. The centre will remain open for business while the revamp takes ...
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PropertyEU Archive
Redevco COO elected to ICSC board of trustees
The International Council of Shopping Centers (ICSC) has appointed Jaap Gillis, chief operating officer of Dutch property company Redevco and chair of the ICSC European Board to its board of trustees. Gillis has led ICSC's focus on sustainability, chairing the Sustainability Working Group which is developing the BREEAM method for ...
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PropertyEU Archive
Investors urged to build responsible portfolios
A UN body has called on institutional investors to engage with property fund managers to embed the UN-backed Principles for Responsible Investment (PRI) in their decision-making amid concern that the property industry is moving far too slowly to address its environmental footprint.
