Latest reports – Page 3543
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PropertyEU Archive
Leasinvest Real Estate purchases Antwerp properties
Leasinvest Real Estate has acquired four properties in the province of Antwerp with a global fair value of EUR 27.1 mln. The purchase of the properties increases the value of the Belgian listed fund's real estate portfolio to EUR 468 mln.
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PropertyEU Archive
Student flat firm confident on 2008
UK student accommodation provider Unite Group has reported strong sales performance for the 2008-2009 year, with 62% of rooms already reserved by 29 February. This compares to 56% in the year earlier. Pointing to the resilience of the growing student accommodation market, the company said it looked ahead to ...
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PropertyEU Archive
Carlyle Group spends EUR 216m in Finland
Carlyle Group has acquired 30 office properties from Finnish insurance group Tapiola for EUR 216 mln. The global private equity firm said it seeks to increase its exposure to the Nordic real estate markets where yields are higher than in other countries. 'The relatively high yields compared to other mature ...
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PropertyEU Archive
Vastned Retail rejects takeover bid, receives offers for portfolios
Dutch-listed property company Vastned Retail said on Thursday it has rejected a bid for the entire company because it was too low. 'The offer provides insufficient scope for the conclusion of a definitive transaction on attractive conditions', Vastned said. The company did not give additional details regarding the bidder.
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PropertyEU Archive
Bouygues wins contracts to build Swiss, Russian towers
French development group Bouygues Construction said on Thursday it has won contracts for the development of two skyscrapers in Switzerland and Russia. The projects, worth a total of EUR 185 mln, will involve the construction of the Prime Tower west of Zurich and a residential complex in Russia. At an ...
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PropertyEU Archive
Segro eyes growth in Continental Europe
UK property company Segro said on Thursday it will continue to expand across Continental Europe in 2008 as it expects it will take months for the UK commercial market to recover from the turbulence in the credit and investment markets. Ian Coull , CEO of the industrial and business space ...
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PropertyEU Archive
EBH snaps up Point Hotel in Edinburgh
Northern Irish investment company WG Mitchell has sold the Point Hotel in the centre of Edinburgh for more than £20 mln (EUR 26 mln). The three-star 139-bedroom hotel in Bread Street was acquired by Jersey-based private company EBH. The deal also includes the neighbouring bar, The Chanter.
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PropertyEU Archive
IPD: Dutch property investments remain resilient
Investment Property Databank (IPD) has said that total return of its ROZ / IPD Dutch Property Index this year was 11.3%, down from 12.5% in 2006, but close to the 11.4% average ten-year annualised total return. In 2007 property outperformed both equities and bonds, which returned -16.7% and 1.7% respectively. ...
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News
Arizona State cuts follow-ons to limit market impact
UNITED STATES - Arizona State Retirement System is cutting back on its follow-on commitments to existing real estate investments but still diversifying some assets to prevent ‘denominator’ damage of over-allocation.
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News
Kåpan eyes more real estate after poor year
SWEDEN – The SEK32.7bn (€3.5bn) Kåpan Pensioner scheme forgovernment employees booked a return of 2.1% for 2007, and now plans toincrease its real estate allocation to 10%.
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News
LaSalle warns of poor Reits performance
United States - LaSalle Investment Management Securities has indicated the performance of US REITs was lackluster in the fourth quarter of 2007 and further is likely to be for the coming months.
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News
CalSTRS invests $100m in Nordic real estate
UNITED STATES - California State Teachers Retirement System has bolstered its international real estate portfolio with commitments to three new investment entities totalling nearly $252m (€165.2m), including $100m in Nordic property.
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News
Virginia to ups its real estate potential
UNITED STATES - Virginia Retirement System has approved a policy to increase its real estate allocation from 7% to 10%.
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News
Texas buys into Latam real estate
UNITED STATES - Teacher Retirement System of Texas has approved $250m (€164.4m) worth of real estate commitments so far in 2008, including an investment in Pramerica’s Latin American residential offering.
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PropertyEU Archive
C&W win leasing contract for Becsi Corner Office
Cushman & Wakefield has won an exclusive commission as letting agent for the 10,000m[sup]2[/sup] Becsi Corner Office Building complex, in the centre of Obuda. Built by Hungarian developer Biggeorge, the scheme will provide 7,300 m[sup]2[/sup] of office space and close to 3,000 m[sup]2[/sup] of catering and commercial space on completion ...
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PropertyEU Archive
Dubai fund hints at quick deal on Colonial bid
The Investment Corporation of Dubai (ICD) has said it doesn't rule out reaching agreement with Colonial's main shareholders on its bid for the debt-laden Spanish real estate company 'in the near future'.
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PropertyEU Archive
Catalyst Capital acquires Italian retail assets
Catalyst Capital has acquired a portfolio of three supermarket units in Rome and a newly developed shopping centre in Bologna for its WCC Europe fund. Catalyst, a pan-European asset manager and development group, purchased the properties for EUR 84 mln from Di Mario Group/Dimafin.
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PropertyEU Archive
Reita predicts UK commercial property recovery in 2H
The UK commercial property market should stabilise by mid-year followed by a gradual recovery for the second part of the year, according to the first quarterly property investment perspective report issued by Reita.
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PropertyEU Archive
Meridia Capital to develop luxury hotel in Paris
Barcelona-based private equity investor Meridia Capital has acquired an 8,500 m[sup]2[/sup] building in the ninth arrondissement of Paris from Spanish property company Nozar for an undisclosed sum. The triangular Haussmann-style building, originally constructed in 1870, is currently vacant and will be converted into a luxury boutique hotel. Meridia said refurbishment ...
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PropertyEU Archive
DTZ selected to manage Warsaw's City Point
DTZ has signed an agreement to provide property management services for Central European Industrial Found's City Point distribution park in Warsaw. City Point is the largest multi-let distribution and industrial facility in Warsaw, located close to the city centre. The property provides some 22.5% of the modern warehousing stock in ...
