Latest reports – Page 3562
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News
Pramerica widens LatAm operations
UNITED STATES - Pramerica Real Estate Investors has extended its real estate investment area into South America and made its first investment in Argentina, but the firm is looking for its first deal in Chile.
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News
Ohio Police & Fire shifts direct property into core fund
UNITED STATES - Ohio Police & Fire Pension Fund has made a $200m (€135.4m) investment with Invesco, as part of a deal which sees some of its properties move into its core real estate fund.
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News
Ohio School expands into global REITs
UNITED STATES – The School Employees Retirement System of Ohio has expanded into global REITs investment for the first time with a $200m (€135.4m) allocation.
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News
LACERA commits to pan-European fund
UNITED STATES - Los Angeles County Employees Retirement Association has approved a $25m (€16.9m) commitment into the Europa fund III commingled fund, which is also expected to contribute to Nordic and Swiss property deals.
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PropertyEU Archive
EMEA lifts C&W's global turnover by 21%
Global property agent Cushman & Wakefield saw turnover rise 21% to $1.8 bn (EUR 1.2 bn) in 2007 on the back of a strong performance by the EMEA (Europe, Middle East and Africa) operations, provisional figures released today show. Turnover at the firm's EMEA operations rose by 33% to GBP ...
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PropertyEU Archive
CBRE: 2007 another all-time investment high in France
A total of EUR 27 bn was invested in commercial real estate in France last year, a 17% increase on 2006's figure of EUR 23 bn, CB Richard Ellis said in a new 'Market View' research publication published on Thursday. The size of transactions rose significantly in 2007, with ...
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PropertyEU Archive
Beni Stabili fund buys industrial asset in Southern Italy
Italy's Beni Stabili Gestioni has completed the acquisition of a logistics property in Rutigliano, near Bari in Southern Italy, for some EUR 22 mln. Located in the PIP Adelfia industrial area, the new property provides a gross surface area of some 25,000 m[sup]2[/sup] and is fully let. The transaction volume ...
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PropertyEU Archive
IVG postpones REIT spin-off
German listed property company IVG is postponing the planned flotation of its EUR 3.5 bn office unit in the form of a real estate investment trust (G-REIT) until market conditions improve, the group's CEO Wolfhard Leichnitz told German daily Boersen-Zeitung. Leichnitz added that the REIT spin-off, originally planned for April/May ...
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PropertyEU Archive
Vasakronan FY net advances to EUR 491m on value increases
Swedish property investor Vasakronan reported full-year 2007 net profit of SEK 4.65 bn (EUR 491.3 mln) on Thursday, up from SEK 3.41 bn (EUR 360.2 mln) a year earlier. The firm said the growth was due to unrealised increases in the value of its property portfolio, improved operating surplus and ...
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PropertyEU Archive
C&W: global property investment set to fall 17% in 2008
Global investment in commercial real estate will fall 17% in 2008 to $770 bn (EUR 518 bn) after reaching a record $930 bn (EUR 665 bn) in 2007, according to property advisor Cushman & Wakefield. The projected slowdown comes after trading volumes eased by 12.5% between the first and second ...
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PropertyEU Archive
Pirelli RE set to bid for UniCredit's Pioneer real estate funds
Italy's Pirelli Real Estate is one of four investors in the running to acquire the property funds owned by Unicredit's asset management unit Pioneer, Italian newspaper Milano Finanza reported on Thursday. The sale of the funds is expected to be concluded in the next few days, the paper added.
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PropertyEU Archive
Government of Dubai fund eyes Colonial
Spanish property group Inmobiliaria Colonial said on Thursday that it has received a letter of interest from the investment fund of the government of Dubai, Investment Corporation of Dubai (ICD), regarding the possible acquisition of Juan Carlos Nozaleda's and Luis Manual Portillo's stakes in the troubled property group.
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PropertyEU Archive
Colliers Croatia books record valuation, advisory figures in H2 2007
Property adviser Colliers International Croatia said on Thursday its property consultants conducted valuation on a total of 5 million m[sup]2[/sup] of property in the last six months of 2007. The firm’s investment and corporate advisory division also covered a total of 1 million m[sup]2[/sup] in advisory work in the same ...
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PropertyEU Archive
EPRA: worst may be over for property stocks
European property stocks may have turned the corner and be poised for recovery after price falls averaging about 40% over the past year, senior industry figures told a recent European Public Real Estate Association (EPRA ) seminar held in London. Well over 200 people registered for the seminar, compared to ...
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PropertyEU Archive
IPD reports biggest ever quarterly fall in UK commercial property
The value of investments in UK commercial property fell 8.7% over the fourth quarter of 2007 compared with the year-earlier period, IPD said in a new UK Quarterly Property Index report issued on Thursday. Total returns on property investments in the country slumped to -7.6%, the biggest fall in the ...
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PropertyEU Archive
Orco issues lower NAV figures for end-2007
Orco's president Jean-Francois Ott said he estimates the company's net asset value per share to be around EUR 104 as of end-2007, down from EUR 115 at the end of the first half. 'The drop is the result of a decline in Orco Germany's share price from EUR 12,5 (in ...
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PropertyEU Archive
AM snaps up City Projects in Brussels
Dutch property developer AM said on Thursday it had acquired the Brussels-based operation of Dutch peer City Projects. AM said the takeover gives it access to the Belgian market. City Projects is owned by Dutch developer André Snippe, who will remain with the company as a director. Both companies declined ...
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PropertyEU Archive
AXA halts withdrawals from two funds for six months
French fund manager AXA became the latest casualty of the slowdown in the commercial property market on Thursday after imposing a six-month freeze on investors looking to flee the sector. The group said it had decided to implement 'a temporary deferral' to fund switches out, surrenders from and transfers out ...
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PropertyEU Archive
C&W opens office in Slovakia
Global real estate consultant Cushman & Wakefield has opened an office in the Slovakian capital Bratislava. The new office will be headed by Andrew Thompson, currently head of office agency and client solutions for C&W in the Czech Republic.
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PropertyEU Archive
Bouygues Immobilier sells Eqwater office project to DekaBank for EUR 160m
French building group Bouygues Immobilier has sold the Eqwater office project in Paris to German investor DekaBank for some EUR 160 mln. The development, covering some 15,900 m[sup]2[/sup] of space, is located in the centre of the new Seine Ouest business district, which is being developed by Bouygues in Issy-les-Moulineaux ...
