Latest reports – Page 3502
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PropertyEU Archive
Irish group buys site near new Berlin airport
A consortium of Irish investors led by developers Ulick and Des McEvaddy have purchased a majority stake in a site near the new Berlin airport, the Irish Times newspaper reported on Friday. The McEvaddy brothers said they planned to build retail units, offices, a hotel and residential buildings at the ...
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PropertyEU Archive
King Sturge advised on Willis 'credit-crunch opportunity'
Property adviser King Sturge said it advised St Martins, the property investment vehicle of Kuwait's sovereign wealth fund, on its recent acquisition of the iconic Willis building in London.
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PropertyEU Archive
'UK commercial property defaults to rise in next 12 months'
Eighty-six percent of UK property professionals expect default levels on commercial property to increase over the next 12 months, according to new research commissioned by Investec Private Bank's Structured Property Finance division. Of these, 31% believe that default rates will increase significantly while the remaining 69% foresee a marginal rise.
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PropertyEU Archive
KPN to sell 34 properties individually
Dutch telecommunications company KPN has said it is changing its plans to dispose of 34 prime buildings in its real estate portfolio, by opting for individual sales rather than a block sale.
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PropertyEU Archive
Invesco RE, Ciloger to launch OPC1 by end-2008
Global investment manager Invesco RE and French fund manager Ciloger plan to raise up to EUR 300mln by the end of 2008 for their first OPCI (Organisme de Placement Collectif Immobilier) for French institutional investors. Simon Redman, head of business development at Invesco RE, told PropertyEU in an interview that ...
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News
ING Clarion sees guarded US investors
UNITED STATES- ING Clarion Partners believes any pension funds in the United States are going to be taking a very cautious approach to investing in real estate this year.
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News
New York Common looks at urban space
UNITED STATES - New York Common Retirement Fund has made a $285m (€182.1m) commitment to the JP Morgan Star Lake Fund I, which invests in urban real estate across the major US metropolitan markets.
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News
Louisiana Teachers places $125m in “real assets”
UNITED STATES- Teachers’ Retirement System of Louisiana has placed $125m (€80.2m) into new real estate investments, as part of its unique view of real estate investing.
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News
Los Angeles City eyes €200m for real estate value
UNITED STATES - Los Angeles City Employees’ Retirement System has decided to allocate $200m (€127m) to $220m into real estate as part of its real estate annual plan for 2008.
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News
San Francisco reduces real estate flow by $550m
UNITED STATES - City and County of San Francisco Employees’ Retirement System has reduced significantly the amount of capital it is investing in real estate for the 2008/2009 fiscal year.
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News
Outgoing Clwyd adviser rewarded for real estate success
EUROPE – Clwyd pension fund’s independent adviser is leaving his role on a high note next month as the Welsh local authority fund was crowned the king of IPE Real Estate’s Awards in Berlin yesterday, winning four awards including Best European Institutional Investor.
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PropertyEU Archive
Europe's firms face falling values and stagnant rents: Moody's
The fundamental credit outlook for European real estate investment and development companies is negative, according to a new Moody's Industry Outlook report. Tighter and more costly credit has resulted in slowing property investment, driving values down throughout most of Europe, with the UK likely to be hit the hardest.
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PropertyEU Archive
Colliers launches Albanian office
International real estate consultancy firm Colliers International said on Thursday it had opened a new office in Albania. The property advisor is currently active in the country with its keynote project, the City Park Tirana shopping centre.
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PropertyEU Archive
Caisse des Depots-led consortium to build hospitality complex
A consortium of French property developer Icade, Barclays European Infrastructure fund II, and banks Caisse des Depots and Dexia have signed a new Public-Private partnership contract to develop the Cite Sanitaire de Saint-Nazaire, in western France. The new hospitality complex will provide 794 beds and will represent an investment of ...
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PropertyEU Archive
Stora Enso sells Dutch paper factory
The Finn-Swedish paper manufacturer Stora Enso has sold its former Berghuizer paper factory in in the Dutch town of Wapenveld. The property comprises several buildings and a combined heat-and-power plant on a site covering 31.5 hectares. Van Twiller, the Dutch subsidiary of US investment bank Morgan Stanley, has bought the ...
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PropertyEU Archive
Baltic Property Trust acquires Tallinn office building
Copenhagen-headquartered Baltic Property Trust said it had acquired an office building in the Estonian capital Tallinn for an undisclosed sum. The property, which is known as the Marat'building, is scheduled to under a renovation of its facade, while two additional stories will be built along with parking facilities.
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PropertyEU Archive
BPT's Optima acquires Marat office building in Estonia
Baltic Property Trust's closed-end real estate fund Optima has acquired an office building located in the centre of Tallinn, Estonia, for an undisclosed amount. The property, which is known as the Marat building, is set to undergo a façade renovation, as well as the addition of two floors and a ...
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PropertyEU Archive
Metrovacesa sells housing portfolio to Lazora for EUR 65m
Spanish property company Metrovacesa has agreed with real estate firm Lazora on the sale of a portfolio of state-subsidized housing for EUR 65mln. The property giant has sold 153 dwellings in Alcorcón, another 152 in Valdebernardo, and 134 residential units in Pavones, near Madrid. The assets provide a total 38,430 ...
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PropertyEU Archive
Union Investment enters Finnish logistics market
Germany's Union Investment Real Estate has purchased a modern logistics building in Helsinki next to Vantaa International Airport. The deal marks Union Investment's entry in the Finnish logistics property market. The property, which was bought from an international holding company owned by Novator Properties, Ajanta Oy and Royal Bank of ...
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PropertyEU Archive
Ferrovial's BAA closes sale of WDF for £547m
Spanish construction and services company Ferrovial said its BAA unit has completed the sale of World Duty Free Europe (WDF). Under the agreement, Italy's chain of motorway shops Autogrill paid £547mln (EUR 690mln) for the duty free store business, plus £15.7mln in accrued interest. Debt-laden Ferrovial said the sale is ...
