Latest reports – Page 3514
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PropertyEU Archive
BBPP completes acquisition of £40m PPP project portfolio
London-listed Babcock & Brown Public Partnerships (BBPP) said it has completed the acquisition of a £ 40.6mln (EUR 51.5mln) portfolio of 11 investments in PPP projects from Babcock & Brown and its specialised funds and asset management platform. The portfolio includes the Orange Hospital project in Australia (100% ownership), the ...
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News
INREV follows for the fashion for style
EUROPE – INREV, the European Association for investors in non-listed real estate funds, has introduced a ‘style’ index to help pension funds and institutional investors can benchmark their funds by investment style.
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News
Real estate sector pressed to embrace 'professionalisation'
GLOBAL – Fund managers in the real estate investment market will face increasing calls for the transparency, standardisation and ‘beta-matching’ lower fees which investors now expect in other asset classes, speakers at the INREV annual conference have suggested.
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News
GE RE deal shows debt still in the black
EUROPE - GE Real Estate’s acquisition of European commercial property loans worth €1.27bn indicates a resurgence of property debt as an investible asset class, according to sources close to the firm.
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News
Investors "will continue to buy infrastructure"
GLOBAL - Investors including pension funds will continue to invest in core European infrastructure assets despite halting privatisation processes, the credit squeeze and political opposition, according to a new report by Ernst & Young.
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News
Venture with SWF shows debt still in the black
UK/MIDDLE EAST – An Abu Dhabi sovereign wealth fund (SWF) is to pump £200m (€250m) into London & Stamford via a seven-year joint venture aimed at building a war chest for UK acquisitions.
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PropertyEU Archive
Neinver to invest EUR 500m in European retail projects by 2010
Spanish property company Neinver said it plans to invest up to EUR 500mln in the development of some 340,000 m[sup]2[/sup] of retail space in the next two years. This is expected to more than double the company's retail portfolio, which will reach 700,000 m[sup]2[/sup] by 2010 through both development investments ...
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PropertyEU Archive
Blackstone to launch European property fund
US private equity giant Blackstone plans to launch a European property fund to take advantage of falling property values across Europe's markets, the Financial Times newspaper reported Monday. The launch of the new investment vehicle -Blackstone's third internationally-focused real estate fund - follows the closing in early April of ...
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PropertyEU Archive
Vastned signs six-week exclusivity agreement with IEF Capital
Netherlands-listed property company Vastned Retail has announced the signing of an exclusivity agreement with IEF Capital regarding its indicative bid. The six-week exclusivity period began Monday 28 April. IEF Capital, a joint venture of Bouwfonds Asset Management and Inflation Exchange Fund (IEF), had attempted a hostile takeover of Vastned at ...
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PropertyEU Archive
2008 offers UK retail investment opportunities: Savills
The first quarter of 2008 has seen a diminishing supply of retail product being brought to the market due to an easing of pressure on redemption payments, according to a report issued by Savills. There has been a decrease in lot sizes as well, with the average dropping to ...
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PropertyEU Archive
Colonial shares soar as banks take control of Portillo's stake
Inmobiliaria Colonial's shares soared in stock market dealings Monday after Luis Portillo, Colonial's largest shareholder, sold about 25% of Colonial's share capital to his creditor banks. Portillo has transferred a total 403 million shares, or a 24.58% stake, to a group of eight banks led by Banco Popular - which ...
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PropertyEU Archive
ING RE to launch EUR 1b European Infrastructure fund
ING Real Estate said on Monday that it wanted to raise EUR 1bn of equity for a new European Infrastructure Fund. Open to institutional investors with a minimum of EUR 10mln to invest, the fund is targeting a balanced portfolio of European assets, with an internal rate of return (IRR) ...
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PropertyEU Archive
BayernLB provides £ 400m financing for London's Bishops Sq
German bank BayernLB said Monday it is providing a £ 400mln (EUR 510mln) five-year financing loan to the real estate investment trust Hammerson for its Bishops Square landmark building in the City of London. The project, which was valued at £ 597mln at the end of December 2007, offers a ...
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PropertyEU Archive
DAA announces plan for EUR 4b business district
The Dublin Airport Authority (DAA) has announced plans to build a new EUR 4bn business district in Ireland's capital. The development would cover a 350 acre area near the existing terminal and would include 600,000 m[sup]2[/sup] of office space and 40,000 m[sup]2[/sup] of retail, hotel and conference facilities. Dublin Airport ...
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PropertyEU Archive
Renta Corporacion switches tack, gives priority to liquidity
Renta Corporacion has warned that the 'serious liquidity crisis' in the financial markets is having a direct impact on its business. The Spanish property company reported losses of EUR 8.7mln in the first quarter of 2008 as housing demand in Spain fell by 24% year-on-year in February after falling another ...
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PropertyEU Archive
Rhatigan, Goodbody JV sells Dublin office for EUR 60m
A 50-50 joint venture of Irish building group Rhatigan and stockbroking firm Goodbody Stockbrokers has sold the Brunel office development in Dublin for about EUR 60mln to a private investor. The deal reflects a net initial yield of 5.35%. Savills Irish office, Savills Hamilton Osborne King, acted for the buyer.
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PropertyEU Archive
Vincent Tchenguiz enters bidding for Trillium
A consortium led by property tycoon Vincent Tchenguiz has entered the increasingly competitive £ 2bn (EUR 2.5bn) bid to take over Land Securities' property outsourcing business, Trillium. Also participating is AAIM Infrastructure, a specialised public-sector project investment fund backed by Bank of Scotland. Credit Suisse is advising the consortium as ...
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PropertyEU Archive
Klepierre revenues up 13.8% in Q1, positive on outlook for 2008
Revenues at Klepierre rose 13.8% to EUR 175.9mln in the first quarter of 2008 from EUR 154.6mln in the same year-earlier period, as the French retail property giant said it was positive on the outlook for the full year despite the global economic slowdown.
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PropertyEU Archive
Active Turkish shopping centre market still undersupplied: JLL
Turkey's shopping centre market has been very active over the last two years, but it remains undersupplied by European standards, according to a report from Jones Lang LaSalle on the country's retail market.
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PropertyEU Archive
Imorendimento launches new residential fund
Portuguese investment and asset management company Imorendimento said last week it has launched a new closed-end property fund, Historic Lodges, for urban redevelopments in the historic centre of Gaia, the second-most important city in Oporto's Metropolitan Area (northern Portugal).
