Latest reports – Page 3574
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PropertyEU Archive
Union Investment completes first deal in Kuala Lumpur
Hamburg-based investment company Union Investment has signed a contract to acquire the CapSquare office tower in Kuala Lumpur for its open-ended real estate fund UniImmo: Europa. The purchase prices amounts to around EUR 100 mln. This is the company's first investment in Malaysia.
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PropertyEU Archive
Renta Corporacion halves forecast for 2007 net profit
Catalan property company Renta Corporación Real Estate said that its 2007 figures will not meet expectations after the company was hit by the downturn in the credit markets. The company now expects net profit of EUR 33 mln - EUR 35 mln in 2007, almost half its previous estimate of ...
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PropertyEU Archive
Milligan bags EUR 60m Portuguese mall
UK retail company Milligan has secured its first Portuguese development and signed up an anchor store at the scheme. Milligan, run by former Jones Lang LaSalle international director John Milligan, teamed up with Lisbon-based Urban Developers to enter the Portuguese market in May.
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PropertyEU Archive
Savills expects record results in 2007
International property services company Savills defied the property downturn on Tuesday with the announcement that it expects record results for 2007 as its business benefited from 'diversified activities and international presence'.
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PropertyEU Archive
Sonae Capital sells construction firm for EUR 81m
Portuguese firm Sonae Capital, which is being spun off from the Sonae group, said it has agreed to sell its construction unit Contacto - Sociedade de Construcoes to Portugal's Grupo Soares da Costa for about EUR 81 mln.
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PropertyEU Archive
Strategic Value Partners extends German portfolio
Fund manager Strategic Value Partners has added nine additional properties to its real estate portfolio in Germany. The properties, which provide a total lettable area of approximately 100,000 m[sup]2[/sup] and consist primarily of office and retail properties in Munich, Düsseldorf, Cologne and Frankfurt am Main, were managed by HVB Immobilien ...
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PropertyEU Archive
NVB: Dutch office market is 'very unhealthy'
The Dutch Association for developers and construction companies NVB has described the Netherlands' office market as 'very unhealthy'. According to NVB's new annual report issued on Monday, a high percentage of office space in the country is vacant at present, and the organisation expects the situation to worsen in the ...
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PropertyEU Archive
Kristensen buys four buildings at the PRE park Kaiserslautern
Danish property company Kristensen Properties has acquired four fully-leased office buildings in the PRE park in Kaiserslautern, in the German Rhineland-Palatinate state. PRE Regionalentwicklung is selling the assets at a total price of EUR 33.25 mln. The office properties provide a total lettable area of 25,000 m[sup]2[/sup].
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PropertyEU Archive
Amsterdam to house new stadium by 2018
Amsterdam city council plans to build a new stadium for the city with capacity for about 80,000 people. The move, announced by council executive Carolien Gehrels, is aimed at boosting Amsterdam's bid to host the football World Cup in 2018 or the 2028 Olympics. According to an estimate made by ...
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PropertyEU Archive
Eurobank Properties acquire 100% of Kalampokis
Greek real estate investment company Eurobank Properties announced that it has purchased 100% of the shares of Greek property company Kalampokis Tours and Cargo for EUR 5.35 mln on a debt and liability-free basis.
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PropertyEU Archive
CBRE: Challenging times ahead for Irish residential sector
Property consultants CB Richard Ellis said on Tuesday that it expects 2008 to be a challenging year for some property sectors in Ireland. In its Outlook report for the Irish property market, the property consultant is relatively upbeat about prospects for the commercial property sector, but added that activity in ...
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PropertyEU Archive
Derwent London secures first letting at Qube
Derwent London has secured its first lettings at Qube, its recently completed office and retail development at 90 Whitfield Street, London W1. Advertising company, Aegis Media, a subsidiary of the Aegis group, has leased the second floor of 1,750 m[sup]2[/sup] for a 15-year term, with five yearly rent reviews, at ...
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News
ING gets keys to ABP property
NETHERLANDS – Dutch pension fund giant ABP has signed the biggest real estate deal The Netherlands to date, and is transferring the assets of its €1.6bn KFN non-listed real estate investment trust to ING Real Estate.
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News
PMT sells Paris office
FRANCE - Dutch metalworkers’ union Pensioenfonds Metaal en Techniek (PMT) has sold its 30% share of Le Balzac, a Paris office block, to Corio, the property firm 36.6% owned by the €215bn ABP.
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News
Aberdeen triples German property assets
GERMANY/UK – Aberdeen Property Investors Holdings has acquired German property investement group DEGI for a cash consideration of approximately €110m.
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News
Pension fund vehicle acquires Nokia facility
FINLAND - An investment vehicle set up for three Nordic pension funds to invest in Finnish real estate has confirmed its move outside the capital with the acquisition of a mini-business park in Tampere.
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News
Pirelli deal confirms off-market orthodoxy
ITALY - Off-market deals will be the default for institutional investors in Italy, according to Deutsche Bank subsidiary RREEF, after it leveraged a long-standing relationship with Pirelli to secure a prime Milan office block for €100m.
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News
Indiana moves into real estate
UNITED STATES - Indiana Public Employees Retirement Fund has approved $300m (€205.7m) worth of real estate investments as it moves into the asset class for the first time.
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News
Ohio PERS expands REIT investment program
UNITED STATES - Ohio Public Employees Retirement System has expanded the Reit investment program of its healthcare fund by 1% to 6%.
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News
Pennsylvania Public School to invest $641.5m into real estate
UNITED STATES - Pennsylvania Public School Employees’ Retirement System intends to allocate up to $641.5m (€436.1m) in new real estate investments through a variety of commingled funds, in a bid to tap advantages thrown up by the credit crisis.
