Latest reports – Page 3519
-
PropertyEU Archive
Van den Ende kills off Living City
Dutch millionaire impresario Joop van den Ende has liquidated his stake in the Living City property company because two of its directors are suspects in a real estate fraud investigation.
-
PropertyEU Archive
Corestate appoints Daniel Schoch as CFO
German asset manager Corestate said its Swiss unit Corestate Capital Zurich has appointed Daniel Schoch as director and chief financial officer. Schoch will support the further growth of the private equity investment and asset management company by assuming responsibility for accounting, controlling and strategic financial management. In addition, he will ...
-
PropertyEU Archive
UK pooled property funds continue to lose value in Q1 - IPD
UK pooled property funds continued to lose value in the first quarter of 2008, with the IPD All Pooled Funds Index recording a fall in total returns of 4.9%. When added to declines seen in the two previous quarters, IPD noted the All Pooled funds Index total ...
-
PropertyEU Archive
Prupim details Tesco sale-and-leaseback deal
Prupim, the property arm of British life insurer Prudential, has confirmed it has purchased a £207mln (EUR 261mln) portfolio of six Tesco food stores on behalf of Prudential Annuities. The deal was alluded to initially in Tesco’s presentation of its preliminary results last week.
-
PropertyEU Archive
Kiev benefits from high Moscow rents - CBRE
High rents in Moscow are prompting international retailers to look at secondary cities in Russia as well as some of the former Soviet states like Ukraine, Jonathan Riches, assistant research director at CB Richard Ellis has told PropertyEU WebTV.
-
PropertyEU Archive
Babcock & Brown infrastructure fund raises EUR 106m
Babcock & Brown has announced that its London-listed Brown Public Partnerships (BBPP) fund has completed an £84mln (EUR 106m) capital raising.
-
PropertyEU Archive
Average prime yield rises as re-pricing runs course - CBRE
The CB Richard Ellis (CBRE) prime rent and yield monitor for UK commercial property showed the All Property average prime yield rose 20 basis points to 5.9% in the first quarter of 2008, a sharp easing from the 50 basis points rise seen in the last quarter of 2007. With ...
-
PropertyEU Archive
Diagonal House in Moscow fully leased
Moscow's Diagonal House, a new B+ class mixed-use retail and office building developed by investment holding company Mobil Management Invest, is now fully leased. The Russian office of real estate services firm Cushman & Wakefield acted as co-exclusive leasing and marketing agent for the central Moscow project, which was completed ...
-
News
Peace agreement sees New York make Emerald investment
UNITED STATES- Four New York City pension fund have committed to invest $150m (€94.1m) into the Emerald Infrastructure Development Fund LP, which in turn invests capital in Northern Ireland.
-
News
Kansas PERS issues real estate consultant RFP
UNITED STATES - Kansas Public Employees Retirement System has sent out a Request for Proposal for a new real estate consultant.
-
News
Illinois Teachers signs two core accounts
UNITED STATES - Teachers’ Retirement System of the State of Illinois has hired Cornerstone Real Estate Advisers and Invesco Real Estate as its new core separate account real estate managers.
-
News
Mass PRIM places all REITs in one week
UNITED STATES - Massachusetts Pension Reserves Investment Management Board is a good example of the difference of investing in public and private real estate, as in the first week of March, the pension fund was able to place its entire REIT allocation for the year, worth $540m (€342.1m), in the ...
-
News
Kimpton books $246m into hotels
UNITED STATES - Kimpton Group Holding raised $246m (€155.6m) through institutional partners for its latest hotel investment fund, Kimpton Hospitality Partners II.
-
PropertyEU Archive
KanAm fund buys Zurich hotel project
German real estate investment company KanAm Grund said its KanAm Spezial Grundinvest fund has acquired its first hotel. The Holiday Inn Zurich-Messe project will be operated as a Holiday Inn franchise under a 20-year lease. The hotel is set to open for business in the first quarter of 2009. Investment ...
-
PropertyEU Archive
Immoeast pre-lets 50% of largest mall development in Varna
Immoeast has said that 50% of the space at the Cherno More Park shopping centre project in the Bulgarian Black Sea city of Varna has been pre-let six months prior to the start of construction. Cherno More Park will be the largest shopping centre in the city, Immoeast said. The ...
-
PropertyEU Archive
Unibail-Rodamco to refocus activities on 80 larger malls
European property giant Unibail-Rodamco plans to reduce its shopping centre portfolio to 80 large malls from the current 90 as a result of a strategic review of the company's business, CEO Guillaume Poitrinal said on Thursday at the ICSC Europe conference in Amsterdam. Poitrinal said that Unibail-Rodamco is seeking to ...
-
PropertyEU Archive
Multi Turkmall opens Forum Camlik
Multi Turkmall celebrates the opening on Friday of Forum Camlik in the southern Turkish city of Denizli, the latest in 20 Forum shopping centres it intends to build in Turkey up to 2010. Forum Camlik provides 24,000 m[sup]2[/sup] of retail space, a 4,500 m[sup]2[/sup] supermarket, restaurant and leisure space and ...
-
PropertyEU Archive
Atisreal: German office markets see 17% higher turnover in Q1
First-quarter take-up in the eight main office locations in Germany has risen 17% compared to the equivalent period in 2007, according to a survey by German property consultant Atisreal. The report found that office take-up in Berlin, Cologne, Dusseldorf, Essen, Frankfurt, Hamburg, Leipzig and Munich totalled 766,000 m[sup]2[/sup] in 2008 ...
-
PropertyEU Archive
Dutch UDC launches $1bn US retail property fund
Dutch property investor United Development Company (UDC) said on Thursday that it has launched a $1bn (EUR 628mln) investment and development fund to invest in the US retail property market. UDC was set up by Ton van Dam, the former co-founder of Dutch property firm Multi Development. UDC said it ...
-
PropertyEU Archive
Hypo 'welcomes' JC Flowers-led offer for 24.9% stake
The board of Hypo Real Estate Group has welcomed 'in principle' the news that a group of investors led by US private investor JC Flowers intends to make a public offer for 24.9% of the shares in Germany's second-largest commercial real estate lender.
