Latest reports – Page 3526
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News
Norway pension fund allocates 5% to real estate
NORWAY – Europe’s largest pension fund, the NOK2136bn (€267bn)Norwegian Government Pension Fund – Global, has said it will switch 5%of its asset to real estate, while moving more money into emerging markets.
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News
Blackstone creates $10.9bn real estate fund
GLOBAL - The Blackstone Group has closed its latest real estate fund and achieved capital commitments totally $10.9bn (€6.93bn) - an impressive total during a difficult time for fund-raising.
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News
Europe wins lion’s share of real estate inflows
EUROPE - Europe was the major target of global capital flows for real estate transactions in 2007, capturing 40% of the total $339bn (€215bn) in real estate transactions last year, according to data released by Real Capital Analytics (RCA).
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PropertyEU Archive
Prologis' retail business set to increase in CEE
As demand among retailers for new, well-located distribution facilities continues to increase in Central and Eastern Europe, Prologis' retail business is also growing in the region, and currently represents about 30% of the global provider's total portfolio, says Bert Angel, ProLogis' senior vice president of Global Services in Europe. Angel ...
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PropertyEU Archive
Inrev implements leaner management structure
The European Association for Investors in Non-listed Real Estate Vehicles (Inrev) has announced a major shake-up of its structure. The changes include introducing a leaner management structure, extending voting rights for members and a potential expansion of its activities. Measures for the new initiatives were approved at Inrev's annual general ...
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PropertyEU Archive
King Sturge to open new office in Poland
King Sturge has announced it is opening a new office in the centre of Katowice, the capital of Poland's Upper Silesia region, later this month. The property adviser said it expects to benefit from the huge potential of the regional real estate market of Upper Silesia, the most industrialised and ...
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PropertyEU Archive
DTZ's Valente to join Allianz real estate unit
Joe Valente, head of research at property advisor DTZ, is joining Allianz Real Estate where he will head the portfolio management and strategy division. 'We are very pleased that Joe Valente is joining our company', said Karl Ralf Jung, chairman of the board of Allianz Real Estate, in a statement. ...
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PropertyEU Archive
GTC invests EUR 40m in new Croatian shopping mall
Warsaw-listed real estate company Globe Trade Centre (GTC) is investing EUR 40mln to develop a shopping centre in the Croatian city of Osijek. The company's first shopping centre in Croatia, 'Avenue Mall Zagreb', was fully let months before opening, spurring GTC to press ahead with its plans to develop an ...
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PropertyEU Archive
Central London Q1 Investment volumes lowest in three years
Investment volumes in Central London in the first quarter of 2008 reached their lowest level in three years at only £ 2.83 bn (EUR 3.58 bn) according to the latest Central London investment market figures from Cushman & Wakefield. The impact of the credit crunch is the main cause of ...
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PropertyEU Archive
Poland experiences record demand in 2007
Poland's property market experienced record demand in 2007, according to a report released by DTZ. The 435,000 m[sup]2[/sup] of take up on Warsaw’s office market was the highest ever recorded. Including renegotiations in the figure and overall take up was 491,500 m2, a 19% rise on the previous year. Strong ...
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PropertyEU Archive
Natixis increases stake into Colonial
Dublin-based Nexgen Capital, a subsidiary of French bank Natixis, has bought 50 million shares in Spanish property giant Inmobiliaria Colonial from its former chairman Luis Portillo. The buy brings the bank's stake in Colonial to 5.4%, representing a total 88.3 million shares, the French bank said in a statement to ...
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PropertyEU Archive
Pinnacle expands to Poland
Pinnacle Polska has sealed its first deal in Poland with the acquisition of a 35-hectare site zoned for warehouse development in Gadki, near Poznan. The financial details of the transaction were not disclosed. Jones Lang LaSalle acted for Pinnacle.
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PropertyEU Archive
Land Securities sells Clive House to Real IS for £65m
Land Securities has announced the sale of Clive House, Petty France, London, to Real IS for over £65 mln (EUR 82mln). The 7,896 m[sup]2[/sup] former Passport Office dates from the 1930's and was redeveloped for the Ministry of Justice in 2004/5, which holds a long-term lease with set annual rent ...
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PropertyEU Archive
IGD in EUR 182m Romanian shopping spree
Immobiliare Grande Distribuzione (IGD) has acquired 100% of Romania's shopping centre owner Winmarkt Magazine from Ivington Enterprises and Broadhurst Investment, two subsidiaries of US private equity group NCH Capital Group. The transaction volume comes to more than EUR 182mln. The deal was carried out via a 90/10 joint venture with ...
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PropertyEU Archive
GPT Halverton opens 2nd French office
Real estate investment manager GPT Halverton said on Monday that it has expanded its European presence with the opening of a new office in Lyon - its second office in France.
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PropertyEU Archive
BAA 'close to £700m deal with Prologis'
UK airports operator BAA is close to completing the £700mln sale of its industrial property portfolio to US distribution giant Prologis, the Sunday Times reported. A sale of BAA's non-core portfolio is seen as essential to re-finance the massive £10bn in debt incurred when Spanish infrastructure group Ferrovial acquired BAA ...
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PropertyEU Archive
French property returns remain resilient, says IPD
IPD said that its French Property Index showed a total return of 17.8% for 2007, a drop compared to the previous year's result of 21.9%, but still impressive over the history of the index. Property outperformed the equity and bond markets in 2007, which returned 5.1% and 1.8% respectively.
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PropertyEU Archive
Vastned Retail abandons portfolio sell-off
Vastned Retail has suspended efforts to sell part or all of its EUR 2bn portfolio of European retail property assets. The Netherlands-listed property company said discussions over the last month with a number of third parties had not led to a definitive agreement on a sale of the total portfolio ...
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PropertyEU Archive
Delta purchases Belgrade hotel, other properties for EUR 149m
NBGP Properties, a subsidiary of Serbian property firm Delta Real Estate, said it has purchased the Hotel Continental and other properties owned by International CG (Genex) in Belgrade for EUR 148.8 mln through a public tender. Properties purchased include the hotel, along with apartments, business facilities and tennis courts comprising ...
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PropertyEU Archive
ING UK Real Estate sells 2 properties for £34m
ING UK Real Estate (IRET), the UK property arm of Dutch financial group ING, has sold two properties for a total of £34 mln (EUR 44 mln). The first asset sold by the Guernsey-registered closed investment fund involved retail property comprising a Tesco Supermarket and adjoining retail units covering a ...
