Latest reports – Page 3506
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PropertyEU Archive
RugbyREIT poised to resume company acquisitions
London-based Rugby Estates Investment Trust (RugbyREIT) has said it expects to resume acquiring UK property investment companies 'in the medium-term'. The company's property adviser, Rugby Asset Management, is 'maintaining a dialogue' with specific companies and it is working to identify new takeover candidates, RugbyREIT said in an interim management statement.
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PropertyEU Archive
Vasakronan spends EUR 120m on Stockholm office property
Stockholm-based real estate company Vasakronan has bought part of the Tre Vapen 2 property in Ostermalm, central Stockholm for SEK 1.1bn (EUR 120mln) from Swedish peer Akademiska Hus. The property, which comprises a total leasable area of 38,000 m2, is occupied by the Swedish Environmental Protection Agency and the ...
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PropertyEU Archive
Decline in UK Property returns slows: IPD
The IPD UK Monthly Property Index saw a total return of -0.5% month-on-month in April 2008, a slight improvement on the -0.8% return in March. The April figure continues the upward trend reported by the index since the -3.7% return seen in December 2007. Capital values fell by 1% in ...
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News
Illinois Teachers harvests farming growth
UNITED STATES – The Teachers Retirement System for the State of Illinois has sold its entire agricultural real estate portfolio for $340m (€220.2m) to TIAA-CREF.
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News
Property investors see "mixed blessing" in SWFs
GLOBAL - Sovereign wealth funds' (SWF) growing appetite for core real estate is a mixed blessing for the institutional market, delegates heard at the IPD European Property Investment Conference in Berlin this week.
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News
LaSalle rides the Mexican real estate bull
UNITED STATES - LaSalle Investment Management believes Mexico as a country has strong real estate fundamentals for future investment possibilities as middle-class demand is creating new commercial projects.
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News
Pennsylvania puts $925m beyond the core
UNITED STATES - Pennsylvania Public School Employees’ Retirement System has approved $925m (€598.8m) into new real estate investments through a variety of non-core commingled funds.
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News
Waterton moves into hotel
UNITED STATES - Waterton Associates is set to create a hotel investment fund for the first time in the company’s history.
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News
LA Fire and Police survey property risks
UNITED STATES - Los Angeles Fire and Police Pensions are considering investing as much as $300m (€194.1m) in real estate this year as part of its 2008 investment plan.
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News
Bank of Finland scheme awards real estate mandate
FINLAND – Suomen Pankki, the Bank of Finland Pension Fund, has awarded Aberdeen Property Investors a real estate mandate valued at approximately €10m.
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PropertyEU Archive
Corio's '365' shopping centre opens
Dutch retail specialist Corio said on Thursday that its '365' shopping centre in Ankara has opened its doors to the public. Last year Corio announced it had acquired the mall for about $40mln. The mall comprises a 4,000 m[sup]2[/sup] Migros supermarket, a 5,000 m[sup]2[/sup] Koctaas DIY store, a 3,000 m[sup]2[/sup] ...
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PropertyEU Archive
Property adviser closes 120 offices in Spain
Spanish property services agency Don Piso plans to close up to 120 offices with the loss of 350 jobs. The property advisor reported a drop in sales of 66% last year. The offices are worth a total EUR 110mln, according to Spanish newspaper El Pais. Don Piso operates another 140 ...
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PropertyEU Archive
Segro completes Carre des Aviateurs business park
UK logistics group Segro said on Thursday it has completed the last phase of development of its Carre des Aviateurs business park located between Paris and the Roissy Charles de Gaulle airport. The park is completely let to 20 tenants, including Blindages de France, Ditac, Baxi (Idéal standard), Stannah, Finimétal, ...
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PropertyEU Archive
UK and Germany drag Pan-European index lower: IPD
Total returns recorded by IPD's Pan-European Property Index showed a 'significant' fall in 2007, down to 5.9% from 12.4% in the preceding year. Capital values were impacted by negative growth in the UK and Germany, Europe's largest economies. Further, IPD said that, similarly to the 2006 year, currencies had a ...
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PropertyEU Archive
Savills expands presence in Germany
International property consultant Savills has picked up a new office in Dusseldorf via the acquisition of White advisory services agency. The office will be rebranded as Savills with immediate effect. The White team was established in 2007 by Bernd-Uwe Willer, and was joined by directors Robert Kellershohn and Panajotis ...
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PropertyEU Archive
Commerz Real acquires Dutch office project
Commerzbank's fully owned real estate unit Commerz Real has acquired the Irdeto office project in the Beukenhorst Zuid office park on the western edge of Amsterdam - near Amsterdam Schiphol Airport - from Fortress Projektontwikkeling for EUR 34mln. The property is earmarked for Commerz Real's open-ended property fund hausInvest europa. ...
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PropertyEU Archive
CBRE Investors creates European strategy position
CB Richard Ellis Investors has announced Sabina Kalyan will be joining the team in a newly created position of European head of strategy. Based in London, Kalyan will be responsible for developing CBRE Investors' house views on the outlook for the European economy, financial markets and national property markets. She ...
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PropertyEU Archive
Goodman in CEE expansion drive
Australian listed property trust Goodman Group announced on Thursday that it plans to increase the pace of development of warehouses in Hungary, Czech Republic, Romania and Slovakia. The expansion in the area will be led from Goodman's CEE head office in Budapest, it added. With robust economic growth, strong consumer ...
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PropertyEU Archive
DSG to close 120 stores in the UK and Italy
Home appliance retailer DSG has announced the closure of 77 Currys digital stores in the face of 'challenging' market conditions. The UK retailer intends to close up to 77 of its 177 portable technology retail stores as leases expires in 2012-2103. The company also announced a 50% cut in dividend.
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PropertyEU Archive
AXA Belgium acquires 35% of Centre Communication Nord
Belgian air traffic control agency Belgocontrol has sold a 35% stake in the Centre de Communication Nord complex on Rue du Progrès in central Brussels to AXA Belgium for EUR 50mln. Prior to the deal, Belcontrol owned 19,900 m[sup]2[/sup] of office space, 1,386 m[sup]2[/sup] of archive on five floors of ...
