Latest reports – Page 3523
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PropertyEU Archive
Hypo RE provides EUR 225m financing to CEIF
Hypo Real Estate Bank International has agreed to provide a EUR 225mln facility to refinance the entire real estate portfolio of Central European Industrial Fund (CEIF). CEIF is a Luxembourg fonds commun de placement (FCP), jointly managed by Morley and Valad Property Group. The CEIF portfolio comprises 21 industrial/warehouse assets ...
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PropertyEU Archive
Top deals of Week 15 (7-11 April 2008)
The largest deal of week 15 was the agreement by Italian bank UniCredit to sell 186 branches to a consortium led by Banca Popolare di Milano (BPM) for EUR 747mln.
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PropertyEU Archive
IVG sells non-strategic German portfolio to CIT Europe
German listed property company IVG Immobilien said it has sold a German real estate portfolio consisting of nine properties to London-based real estate private equity investor CIT Europe for EUR 91mln. IVG said the properties were sold because they were too small for its investment portfolio, with individual sales prices ...
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PropertyEU Archive
Henderson secures major pre-let or New Brook development
Henderson Global Investors said it has secured a major pre-let agreement for its New Brook Buildings office redevelopment near Covenant Garden in London, with a 17-year lease covering 51,400 sq ft (4,738 m2) with law firm Fladgate.
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PropertyEU Archive
BA appoints Cushman & Wakefield as adviser outside UK
British Airways has appointed Cushman & Wakefield as its exclusive real estate adviser for the airline's portfolio outside the UK. The appointment is for an initial period of three years from October 2007.
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PropertyEU Archive
H&M ranked as top performing European retail brand
Sweden-based apparel retailer H&M has topped the first ever ranking of Europe's top performing retail brands by brand value carried out by consultancy Interbrand. H&M came in with a brand value of EUR 10.4bn while other top performers in the ranking of 25 brands included the French-owned Carrefour (EUR 6.6bn), ...
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PropertyEU Archive
Aldar eyes investments in UK property companies
United Arab Emirates property company Aldar is examining the possibility of investing in some of the UK's largest quoted real estate developers, according to a recent report in The Times. According to the newspaper, the Abu Dhabi-based Aldar is eyeing developers like Hammerson, Land Securities and British Land, with ...
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PropertyEU Archive
Invista REIM takes 100% control of Invista Capital
UK listed real estate fund manager Invista REIM said it has acquired the 50% stake it didn't already own in residential property company Invista Capital Limited from its joint venture partner, Bank of America, for £26mln (EUR 32.5mln) in cash.
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PropertyEU Archive
IPD's Swiss index records high and low returns
The IPD/Wuest & Partner Annual Property Index recorded an all property total return at end-2007 of 7.1%. This a 2.2% increase on the 2006 return of 5.9% and the highest return in the six-year history of the index, the Investment Property Databank (IPD) said on Friday.
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PropertyEU Archive
Glitnir exiting commercial property financing
Icelandic bank Glitnir has announced it is exiting its commercial property financing business based in Luxembourg as part of a major realignment of the group's corporate banking operations in Europe. Glitnir said running down a substantial part of its real-estate loan portfolio in Luxembourg would entail repayment of outstanding real-estate ...
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PropertyEU Archive
14 Rema supermarkets sold in Norway
Companies associated with Norwegian wholesaler and retail franchiser Reitangruppen have sold two portfolios of supermarkets to private investors for an undisclosed sum. Heilo Eiendom, the Norwegian associate of property adviser Savills, acted for the vendors.
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PropertyEU Archive
UK commercial property capital values fall 4.5% in Q1
The capital value of UK commercial property fell by 4.5% in the first quarter of 2008 and is now 14.9% lower than this time last year, according to the April index from CB Richard Ellis
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PropertyEU Archive
Pramerica fund acquires property in Portugal and Chile
Pramerica Real Estate Investors has acquired two project developments in the Portuguese capital Lisbon and in Chile on behalf of its open-ended fund, TMW Immobilien Weltfonds. The financial details were not disclosed.
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PropertyEU Archive
Direct RE investment to drop 30% in 2008, JLL predicts
Global direct real estate investment is expected to fall over 30% in 2008 from the record level set in 2007, Jones Lang Lasalle has predicted in its latest report on global real estate capital. Investment volumes last year rose 8% to $759 bn (EUR 480 bn), but in 2008 the ...
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News
IPE Real Estate Awards seeks outstanding contributions
There's only a few days to tell us who YOU think should be rewarded for their outstanding work in Europe’s Real Estate Industry over the last 18 months.
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News
Urdang raising hit by European pensions retreat
UNITED STATES - Urdang Capital Management did not reach the expected initial capital raising for its latest commingled fund, the Urdang Value-Added Fund II.
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News
Swiss pensions increase AIFAA’s US play
UNITED STATES/SWITZERLAND - AIFAA, an investment company backed by 12 Swiss pension funds, has doubled the size of its real estate portfolio in the United States by acquiring two properties in all-cash deals for $72m (€45.9m).
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News
VastNed forced to reconsider takeover
NETHERLANDS - VastNed Retail, the €1.8bn property fund, has beenforced by majority shareholders, such as pensions investor PGGM, tore-consider its initial refusal to a takeover bid.
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News
New York stores assets in Europe
UNITED STATES - New York Common Retirement Fund has added European self-storage properties to its real estate investment program for the first time with the acquisition of a 51% interest in Public Storage’s Shurgard Europe operations.
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News
Pension fund shops for real estate via AEW-Weingarten JV
UNITED STATES - AEW Capital Management and Weingarten Realty Investors have formed a $229m (€144.2m) partnership for the recapitalization of a US-based retail portfolio, which is expected to benefit an unnamed US pension fund.
