Latest reports – Page 3556
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PropertyEU Archive
IC Immobilien consults on EUR 500m in deals in 2007
German real estate services provider and fund manager IC Immobilien has announced it provided consultancy services for property transaction with an aggregate value of EUR 500 mln in 2007. Almost EUR 360 mln of the volume involved buyer-side consultancy, the focus of the company's advisory services for German and international ...
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PropertyEU Archive
GE Real Estate buys remainder of Polish retail jv for EUR 80 mln
GE Real Estate Central & Eastern Europe said it has bought the 24.8% stake it did not already own in the Polish retail joint venture Green Holdings for EUR 80 mln. GE is buying out its partner, fund manager Heitman, ahead of the imminent expiry of the Heitman Central ...
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News
US pension funds see 5% drop on real estate
UNITED STATES - The Transaction-Based Index compiled by the MIT Center for Real Estate has indicated the value of commercial real estate owned by the large pension funds in the United States fell 5% in the fourth quarter of 2007.
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News
CalSTRS expands industrial JV with new partner
UNITED STATES - California State Teachers Retirement System has expanded its joint venture industrial program beyond First Industrial Trust by creating a new relationship with Sealy & Company.
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News
US funds choose the commingled industrial option
UNITED STATES – Some pension funds in the United States are showing evidence of preferring to invest in industrial properties through commingled funds, rather than direct.
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News
Oregon to spend $700m on real estate
UNITED STATES - Oregon Public Employees Retirement Fund has approved an investment worth $700m (€477.7m) into three real estate commingled funds.
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News
Pramerica sets up hotel JV
UNITED STATES - Pramerica Real Estate Investors has formed a new joint venture with Ashford Hospitality Trust to invest in hotel properties through structured debt and equity.
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PropertyEU Archive
ECDC to update Isle of Man company registration
AIM-listed property investor European Convergance Development Company (ECDC) plans to to update its company registration to allow it to return capital to shareholders and buy back its shares. The company, which is managed UK-based investment manager Charlemagne Capital, said it plans to re-register as a company governed by the latest ...
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PropertyEU Archive
Chagala secures credit facility with HSBC, RZB
Kazakh property developer Chagala Group has secured a EUR 36.56 mln first tranche of a credit facility with HSBC Bank and Raiffeisen Zentralbank Osterreich (RZB).
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PropertyEU Archive
Valad acquires Swedish portfolio for EUR 253m
Valad Continental Partners has acquired a property portfolio from Swedish occupational pension company Alecta in a EUR 253 mln deal. The portfolio includes mostly office and warehouse properties, located in nine cities in southern and mid-Sweden. The total lettable area amounts to 258,000 m2, of which 50% is located in ...
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PropertyEU Archive
Metrovacesa spends EUR 600m on property in Madrid and Barcelona
Spanish real estate company Metrovacesa has pulled off EUR 600 mln worth of office space acquisitions at a time when most of its peers are suffering from the dramatic slowdown in the country's housing market.
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PropertyEU Archive
ULI conference divided on scenarios for global economy
European property leaders who attended the annual ULI Europe conference held in Paris earlier this week appeared to be equally divided about their outlook on the global economy. In answer to an impromptu poll, roughly 50% of the attendees indicated they were optimistic that the current economic slowdown would not ...
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PropertyEU Archive
Pramerica in Poland's first major logistics sale-and-leaseback
Pramerica Real Estate Investors has acquired two logistics centres in Poland on behalf of its open-ended fund TMW Immobilien Weltfonds from European logistics company Raben Group. The Polish investment team of Jones Lang LaSalle, which acted for Raben, described the dual deals as the 'first institutional quality sale-and-lease-back transactions' in ...
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PropertyEU Archive
ECC Invest launches Polish residential funds in Netherlands
Dutch property investor ECC Invest said on Thursday it plans to launch a property investment fund on the Dutch market. The Polish Residential Fund I will invest in two large-scale residential projects under development by parent company ECC Group. The first is a modern apartment complex inn Warsaw, while the ...
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PropertyEU Archive
Prologis inks 80,000 m[sup]2[/sup] logistics deal with DHL
Prologis has announced the signing of new lease agreements for more than 80,000 m[sup]2[/sup] of distribution space in Europe with logistic services company DHL Exel Supply Chain. Gary Anderson, president of Prologis Europe, noted in a statement that DHL is Prologis' largest global customer. 'At the end of 2007, Prologis ...
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PropertyEU Archive
Union Investment snaps up Tokyo office property for EUR 130m
German property investor Union Investment said on Thursday it closed its first deal for an office property in Tokyo. The company has signed binding agreements to acquire the Shiomi-Koyama Office building for more than JPY 20 bn (over EUR 130 mln) for its worldwide open-ended real estate fund UniImmo: Global. ...
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PropertyEU Archive
Catella sells property management ops to Gestrim
Swedish-based property adviser Catella said on Thursday that it has sold its property management business to German peer Gestrim, which is majority-owned by French group Nexity. No financial details were disclosed. The deal includes the transfer of all 33 Catella employees.
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PropertyEU Archive
Telereal gets green light for HKR-designed City office project
UK-based property firm Telereal has been given the go-ahead for a £74 mln (EUR 99 mln) office redevelopment in the City of London. The HKR Architects-designed scheme has been given planning permission for the redevelopment of the former BT Exchange on Fore Street into a 13 storey, 34,000 m[sup]2[/sup] office ...
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PropertyEU Archive
British Land sees signs of early recovery despite portfolio value dip
UK property giant British Land said on Thursday that it sees signs of an early recovery on the property markets, with falling values sparking renewed investor interest in the sector. The company said its portfolio value fell by 8.9% to £ 12.5 bn in the third quarter to 31 December.
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PropertyEU Archive
Europa Fund sells Stuttgart office development
Europa Capital Partners has announced the sale of a new office and retail development in downtown Stuttgart to Credit Suisse Asset Management for EUR 150 mln. Europa Capital Partners was acting for its Europa Fund, while the buyer carried out the transaction in January for open-ended fund CS Euroreal
