Latest reports – Page 3499
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PropertyEU Archive
ProLogis adds EUR 28m to European fund
Euronext-listed logistics property investor ProLogis European Properties said on Thursday it had invested a further EUR 28.2 mln in its ProLogis European Properties Fund II (PEPF II). PEPF II is a private equity fund set up to acquire assets from parent company ProLogis’ development pipeline in Europe. This investment, entirely ...
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PropertyEU Archive
Dawnay, Day Sirius in EUR 121.5m German spree
AIM-listed Dawnay, Day Sirius (DDS) said it has acquired a portfolio of five business parks from German electronics giant Siemens for EUR 98mln. AIM-listed DDS, established to acquire commercial property in Germany, added it had also bought two business parks in the German towns of Kassel and Pfungstadt for EUR ...
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PropertyEU Archive
Curzon/AEW Europe raises EUR 800m for European fund
European real estate investment manager Curzon/AEW Europe said on Thursday it has completed its largest-ever capital raising for a new fund. The European Property Investors Special Opportunities fund, which aims to pick up attractive deals amid falling valuations in the sector, has closed with just under EUR 800mln in equity ...
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PropertyEU Archive
RICS: Investors take a step back from emerging Europe
Investors are pulling out of emerging Europe as they struggle to overcome financial liquidity constraints, according to the latest RICS Global Property Survey released on Thursday. Transaction activity plummeted at the fastest pace of any developing region in the first quarter of 2008, despite emerging European markets continuing to see ...
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PropertyEU Archive
Spanish housing crisis deepens
The Spanish residential market shows no signs of recovering. According to figures released this week by the National Statistics Institute (INE), the number of house sales in the country plummeted by almost 40% year-on-year in March 2008, to about 46,000 units. This compares with a drop of 24% registered in ...
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PropertyEU Archive
Delta Lloyd launches EUR 280m Dutch property fund
Amsterdam-based Delta Lloyd Asset Management has raised EUR 96mln of equity from institutional investors for its non-listed Dutch REIT, Delta Lloyd Dutch Property Fund. The investment vehicle targets residential, office and retail properties and has an initial portfolio of EUR 280mln. The fund manager expects the fund to increase to ...
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News
Dutch transport funds team up to buy real estate
NETHERLANDS – The €12bn Dutch railway pension fund (SPF) and the €2bn public transport pension fund (SPOV) have, together with Generali Real Estate, bought an €80m Dutch shopping centre project.
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News
Morgan Stanley to invest $4bn in infrastructure
UNITED STATES - Morgan Stanley has raised two-thirds more than originally intended for its global commingled fund, known as Morgan Stanley Infrastructure Partners, as investor demand created fund flows worth a total $4bn (€2.56bn).
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News
Subprime crisis 'took heat out of CEE'
VIENNA/CEE – The impact of the subprime crisis on stock markets helped reduce overpricing and overheating in the Central and Eastern European real estate markets, delegates at the Vienna Real have agreed.
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News
Finnish fund in quest for UK real estate
FINLAND – A Finnish pension fund is looking for managers for a £150m (€189.5m) UK real estate mandate, using IPE Quest.
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News
JPMorgan raises $600m for China fund
UNITED STATES - JPMorgan Asset Management raised in excess of $600m (€380.6m) for its latest commingled fund, the JPMorgan Greater China Property Fund.
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News
Illinois Municipal sees value in adding funds
UNITED STATES - Illinois Municipal Retirement Fund is moving $150m (€95.1m) of assets into value-added commingled funds.
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News
Ohio School Employees signs on for Reits
UNITED STATES - School Employees Retirement System of Ohio has selected Invesco Real Estate and ING Clarion Real Estate Securities as global Reit managers.
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News
Rockpoint takes up residence in Park Avenue
UNITED STATES - Rockpoint Group LLC has added a new regional office with the opening up of a New York City venture on Park Avenue.
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PropertyEU Archive
Citycon to redevelop Helsinki retail centre
Finnish shopping centre developer Citycon said on Wednesday that it has signed a preliminary agreement with the City of Helsinki to purchase four separate sites which have been zoned for commercial and residential development in the Myllypuro district of Stockholm.
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PropertyEU Archive
East Capital launches new Russian retail property fund
Eastern European asset manager East Capital has launched a new closed-end fund targeting Russian retail properties, the company said on Wednesday. The vehicle, East Capital Russian Property Fund, will invest in shopping centres and retail assets in regional cities with more than 500,000 inhabitants in Russia, Ukraine and Kazakhstan. The ...
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PropertyEU Archive
Fortress sells Amsterdam offices to Credit Suisse
Dutch project developer Fortress has sold the Spectrum office building and Teleport Towers in Amsterdam to financial services group Credit Suisse for an undisclosed sum. The acquisitions are earmarked for Credit Suisse's Real Estate International Fund.
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PropertyEU Archive
Constructa unveils redevelopment for Marseille docklands
France's Constructa Asset Management said it has started the redevelopment of a 66,000 m[sup]2[/sup] site in Marseille's dockland area. The French asset manager, which bought the complex last December in a joint venture with JP Morgan Asset Management from Catalyst Capital, plans to transform the site into an up-to-date business ...
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PropertyEU Archive
Nieuwe Steen CEO switches job for CFO post
Management board chairman Anka Reijnen of Dutch property company Nieuwe Steen Investments (NSI) is to trade in her job for that of chief financial officer, the company said on Wednesday. Reijnen, who has headed NSI since 2003, said in a statement that she preferred to be in a position ...
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PropertyEU Archive
Rabo Bouwfonds confirms CEO resignation
Dutch property group Rabo Bouwfonds confirmed on Wednesday that Tjalling Halbertsma will resign as management board chairman with effect from 1 June, due to differences of opinion on corporate strategy. Board member Peter Keur will take over his duties on an interim basis until a new chairman is found.
