Latest reports – Page 3554
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PropertyEU Archive
JER Partners adds Stevenage to its Morethanhotels portfolio
Global real estate firm JER Partners has announced the acquisition of the Express by Holiday Inn Stevenage for an undisclosed sum. The 129-room hotel will become part of the Morethanhotels portfolio which the company purchased in October 2007. JER already operates 11 Express by Holiday Inn hotels in England. The ...
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PropertyEU Archive
Vastned snaps up offices in Holland and Germany for EUR 20m
Dutch property company Vastned Offices/Industrial has purchased three office buildings in the Netherlands and Germany for a total investment of EUR 20.4 mln. In Amsterdam the company purchased an historic office property at 499 Herengracht for an investment of EUR 4.3 mln , reflecting an initial yield of 4.4%. ...
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PropertyEU Archive
GIC acquires 40% stake in Iso Omena for EUR 132m
The property investment arm of the Government of Singapore Investment Corporation has agreed to purchase a major stake in Iso Omena shopping centre in Helsinki for just under EUR 132 mln.
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PropertyEU Archive
Beni Stabili purchases EUR 23m site in Milan
Beni Stabili’s joint venture company with Greenway Costruzioni has signed an agreement to purchase a 17, 000 m[sup]2[/sup] site in Milan for some EUR 22.9 mln. According to the statement, the company will finance the acquisition with a target leverage of 60%, with closing at the end of April 2008.
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PropertyEU Archive
King Sturge launches German market index
Property adviser King Sturge has launched a new monthly survey of the level of confidence in the German property market. Combining the views of 1,000 property professionals as well as data from various indices and information on base interest rates, the Real Estate Economic Index (Immobilienkonjunktur-Index) is designed to provide ...
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PropertyEU Archive
Build quality rather quantity in Moscow, say experts
Building quality over quantity is the best way to protect investments in Moscow real estate, say experts. The old adage rings particularly true in the wake of the recent sub-prime mortgage crisis in the US, which has knocked the wind out of the world's stock markets. 'The time of cutting ...
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PropertyEU Archive
Europa Fund adds another tenant to WTC Almeda Park
Europa Capital Partners has announced the letting of 3,900m[sup]2[/sup] in its WTC Almeda Park in Barcelona to Technip Iberia. The Spanish industrial engineering and construction company will pay EUR 18 per m[sup]2[/sup] per month for the fourth floor and part of the third floor in building 8 at the flagship ...
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PropertyEU Archive
European law firm Schoenherr advises on EUR 40m Ukranian logistics acquisition
Corporate law firm Schoenherr advised Vienna-based Akron Group in its EUR 40 mln purchase of Eastgate logistics park in Kiev from the Austrian Developer GLD Invest Group. The forward purchase deal for the 40,000 m[sup]2[/sup] logistics centre represents one of the first negotiated between two Austrian parties in Ukraine.
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PropertyEU Archive
Custom House expands in France
Irish wealth management company Custom House Capital (CHC) has continued its expansion in France with the acquisition of the modern Futura II mixed-use office and retail building in Paris for just under EUR 35 mln. The deal by CHC on behalf of a number of private clients was transacted by ...
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PropertyEU Archive
Klepierre reports strong growth in 2007
French property group Klepierre has announced better-than-expected results for 2007 in spite of the current financial environment. Figures that came in above target included a 15% increase in lease income, a rise in net current cash flow per share of 15.6% and re-valued net assets reaching EUR 41.1 per share, ...
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PropertyEU Archive
Credit Suisse predicts gradual recovery for UK commercial market
Credit Suisse UK Real Estate has predicted an improvement in the commercial market in Britain in the second half of 2008, with 'falling interest rates, a relaxing of the credit crunch and the sustainable fundamentals of real estate' resulting in a turnaround. The company's latest real estate update notes the ...
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PropertyEU Archive
Close Investments acquires EUR 85m mixed portfolio in Norway
London-listed Close Investments has acquired an office and industrial portfolio of 15 properties in Norway to add to its European Property Investment Portfolio (Europip). The Europip fund invests in direct property and select open and closed-end property funds in Continental Europe and Scandinavia. Property advisor King Sturge acted on behalf ...
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PropertyEU Archive
TKP real estate fund passes EUR 1bn mark
TKP Pensioen Real Estate Fonds (TREF) announced on Tuesday that it has become the largest European fund-of-funds by achieving over EUR 1 bn of invested capital. A combination of 39 funds and joint ventures the fund covers a wide range of sectors and countries. Last year investments in Central and ...
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PropertyEU Archive
Debt levels in non-listed property funds reach peak - INREV
Gearing in Europe's non-listed real estate funds industry has risen steadily since 2000, reaching a probable peak in the third quarter of last year. But it is still too early to tell what the implications of this record level of debt are for the industry as the global credit crisis ...
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News
Pension property fund reaches €1bn
EUROPE - TKP Pensioen Real Estate Fonds (TREF), the pooled property fund set up in 1998 for the Dutch KPN and TNT pension funds, last week passed the €1bn mark to become the largest European property fund-of-funds.
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News
UK market 'has further to fall'
UK - HSBC analysts have claimed the UK market has further to fall, despite recent speculation it had already bottomed out following significant investment in UK property equities by GIC, the Singapore sovereign wealth fund.
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News
China set to buy Japan
ASIA - Liquid Chinese institutions could replace western investors in the region’s mature property markets, including Japan, according to Standard Life Investments.
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News
New Jersey PF pulls partners
UNITED STATES - New Jersey state pension fund is scouting institutional partners for infrastructure investment as part of a broader strategy aimed at leveraging critical mass to gain better deal terms.
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PropertyEU Archive
DTZ launches Brazilian fund for European investors
DTZ Corporate Finance has launched a fund to give European institutional investors access to the fast-growing real estate market in Brazil. The fund was designed by listed Brazilian holding company Monteiro Aranha to take minority stakes in residential, office and industrial properties and has a target return after tax ...
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PropertyEU Archive
Hungary tops Spain, Italy for retail warehouse supply - C & W
Hungary has overtaken Spain, Portugal and Italy on a per capita retail warehouse basis, Cushman & Wakefield has said in a new report. The property advisor also found France is the European country with the most retail warehouse floor space, but only 5% of this supply is accounted for by ...
