Latest reports – Page 3515
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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
Pirelli Re, Generali in running to manage Banco Popolare fund
Pirelli Real Estate and Italian insurer Generali are in the running to manage a property fund that will hold the real estate assets of Italian lender Banco Popolare, according to a report in Italian news agency Radiocor. The news agency said both companies have expressed a preliminary interest in managing ...
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PropertyEU Archive
Corio sells Dutch portfolio to White Estate for EUR 650m
Dutch property firm Corio said on Friday that it has reached agreement with a consortium led by White Estate Investments on the sale of its office and industrial portfolio in the Netherlands for EUR 650mln, excluding costs of EUR 5mln. Corio announced last year that it had initiated a divestment ...
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PropertyEU Archive
O Twelve Estates announces asset management activities
Closed-ended investment company O Twelve Estates has announced a number of asset management activities, aimed at extracting value from its portfolio. The company has sold the Bulgins Site site, in Essex, Eastern England, for £5.5mln (EUR 7mln). The 2.2 acre site was originally acquired by O Twelve in July 2007 ...
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PropertyEU Archive
Trigranit gets go-ahead for EUR 1b Esplanada project
Hungarian developer Trigranit said it has received the green light from the government of Romania for the development of its EUR 1bn Esplanada project in Bucharest. The development, a private-public partnership between Trigranit and the Romanian government, is scheduled to start in the second half of 2009. 'The negotiation process ...
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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).
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PropertyEU Archive
St Vincent Capital to commence Polish industrial scheme
London-based boutique investment development firm St. Vincent Capital said it has recently completed the purchase of a major new manufacturing development in southern Poland. Through its development brand Osier Group, St. Vincent said it has taken full control of the Cross Point, Zory scheme in Silesia and has prepared a ...
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PropertyEU Archive
ECE's Serdika Center 70% leased two years before opening
German developer ECE Projektmanagement said last week it has appointed Turkish construction company Kayi to carry out the construction work on its Serdika Center development in Sofia. The centre is expected to open at the beginning of 2010. 'We are cooperating with the company already on other projects, in Lithuania ...
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PropertyEU Archive
Teesland Advantage Property swings to 2007 pre-tax loss
Listed UK commercial property investment company Teesland Advantage Property Income Trust (TAP) said it swung into the red in 2007 with a pre-tax loss of £18.46mln (EUR 23.4mln) compared with a profit of £23.8mln in 2006. The trust said it would could continue to take a defensive stance, with its ...
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News
OUTSTANDING INDUSTRY CONTRIBUTION - the final vote
IPE REAL ESTATE AWARDS - The nominations are in and you now have the chance to select who you think should win the IPE Real Estate Award for Outstanding Industry Contribution
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News
Investor interest lifts non-core Rockpoint to $2.5bn
UNITED STATES - Rockpoint Group LLC has attracted $2.51bn (€1.58bn) of equity for its latest commingled fund, Rockpoint Real Estate fund III but says the sum could have been larger on the back of investor demand.
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News
DRA invests half of its new $1.25bn fund
UNITED STATES - DRA Advisors has already spent around 50% of the $1.25bn (€787.4m) of equity it has just finished for its DRA Growth and Income Fund VI.
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News
Washington State outshines Oregon’s commitment to Lone Star
UNITED STATES - Washington State Investment Board has approved a commitment of up to $600m (€375.1m) into the Lone Star Fund VI commingled fund.
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News
Canyon Capital raises $1bn for urban fund
UNITED STATES – US-based pension funds were among the biggest investors to Canyon-Johnson Urban Fund III, which has received equity commitments from investors totaling $1bn (€627.4bn).
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News
State of Virginia pursues $300m opportunity
UNITED STATES - Virginia Retirement System has made a $300m (€188.5m) commitment to the investment entity Security Capital Income Opportunity Investors, LLC.
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News
European property returns hit by currency pressure
EUROPE – Unlisted European real estate funds saw a negative return on their investments of –3.9% in 2007, driven by the very poor performance of the UK property market as well as currency conversion pressures attached to the dollar and euro.
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PropertyEU Archive
Beni Stabili, IGD JV buys shopping gallery in Turin
Riqualificazione Grande Distribuzione (RGD), a 50-50 retail JV between Italian property companies Beni Stabili and IGD, has bought the shopping gallery in the Le Fornaci shopping centre at Beinasco, in Turin, northern Italy, for around EUR 18mln. RGD has also signed a preliminary agreement to purchase another 2,000 m[sup]2[/sup] of ...
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PropertyEU Archive
Cape Natixis, State Street set up nursing home fund
Cape Natixis and State Street Global Investments have announced the first closing of Domani Sereno Real Estate, a closed-ended investment fund. The fund is aimed at investing in properties which will be leased to major nursing home operators both in Italy and abroad. Listed nursing home specialist Arkimedica is teaming ...
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PropertyEU Archive
CB Richard Ellis joins Fortune 500
CB Richard Ellis Group has become the first commercial real estate services firm to be added to the Fortune 500 list of the largest American companies. The property adviser debuts at number 404 in the 2008 list.
