Latest reports – Page 3575
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News
Iowa PERS will only buy post-sale
UNITED STATES - Iowa Public Employees Retirement System has decided the only way it will be investing in real estate in 2008 is through reinvesting the sales proceeds from properties sold over the next 12 months.
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News
US pension funds putting capital in core strategy
UNITED STATES - Pension funds in the United States are still choosing to invest in core strategy real estate, despite evidence over recent months suggesting many funds are turning to wider diversification.
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PropertyEU Archive
Credit Agricole, AXA, Groupama mull buy of Sacyr's stake in Eiffage
Credit Agricole, AXA, Groupama are considering teaming up in a consortium to acquire Sacyr Vallehermoso's 33.2% stake in French services and construction company Eiffage, Spanish news website El Confidencial reported. The move would be the easiest solution to Sacyr's embroilment with French securities watchdog AMF over control of Eiffage, the ...
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PropertyEU Archive
Banimmo raises its bid for North-Plaza
Belgian real estate company Banimmo has increased its offer for all of North-Plaza's property certificates from EUR 169 per share to EUR 192 per certificate. The offer values North-Plaza at EUR 29.2 mln.
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PropertyEU Archive
JER Partners acquires Marriott hotel in Munich
JER Partners has entered the German hotel market with the acquisition of the Marriott Munich hotel, a 4-star business and conference facility, from an unnamed vendor . The hotel, which has a long-term management agreement with Marriott, consists of 348 guest rooms, nine conference rooms, a Grand Ballroom and three ...
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PropertyEU Archive
Sanahuja family details Metrovacesa takeover offer
Metrovacesa's majority shareholders, Spain's Sanahuja family, announced on Monday in a statement to the Spanish stock market regulator CNMV the details of its takeover bid for Metrovacesa. The offer is part of a plan agreed in February 2007 to separate the company's French and Spanish assets. The Sanahujas, which hold ...
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PropertyEU Archive
Plaza wins tender to develop major retail centre in Poland
Israeli retail property developer Plaza Centers announced that it has won a competitive tender and acquired a site from PKS Kielce, the local branch of the Polish National Bus Company, to develop a major new shopping and entertainment centre in Kielce, Poland. The project is expected to have a gross ...
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PropertyEU Archive
ABP, ING RE agree EUR 1.6 bn Dutch office deal
Pension fund ABP has agreed to transfer its wholly owned non-listed office fund KFN worth some EUR 1.6 bn to ING Real Estate. The two Dutch companies said in a joint statement on Monday that the deal is 'the largest real estate transaction ever in the Netherlands'.
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PropertyEU Archive
Warburg-Henderson shops in St. Denis
Germany's Warburg-Henderson KAG has acquired the Sequoia office building in St. Denis, near Paris, for some EUR 36 mln. The property is earmarked for Warburg-Henderson's European Core Property Fund No. 1. The building consists of about 7,300 m[sup]2[/sup] of space and 187 parking spaces. The Sequoia complex is entirely let ...
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PropertyEU Archive
Segro completes sale of power generation plant
UK listed property company Segro said on Monday that it has completed the sale of its interest in the Slough Heat & Power plant to UK energy company Scottish and Southern Energy for some £49 mln (EUR 66 mln). The transaction was first announced in mid-November last year and was ...
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PropertyEU Archive
First Industrial in JV to invest in the Netherlands, Belgium
First Industrial Realty Trust, a provider of industrial real estate supply chain solutions, has formed a new joint venture, FirstCal Industrial Europe, LLC, with the California State Teachers' Retirement System (CalSTRS), the second-largest public pension fund in the United States with a EUR 119 bn ($175 bn) portfolio. According to ...
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PropertyEU Archive
Sireo fund buys 40,000m[sup]2[/sup] logistics centre in Milan
German asset manager Sireo has acquired a logistics centre in Italy worth some EUR 31 mln from a private investor. The property, located in Paullo, near Milan, is fully leased to Number One Logistics, the logistics division of Italy's major food company Barilla. The logistics scheme was developed in 2003 ...
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PropertyEU Archive
CBRE expands further in the UK
CB Richard Ellis has strengthened its presence in the UK property market with the acquisition of Grenville Smith & Duncan (GSD), a commercial real estate services company with a leading market position in the central and northern regions of the UK. Founded in 1991, GSD has developed a strong reputation ...
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PropertyEU Archive
Skanska to develop EUR 48m residential scheme in Gothenburg
Swedish construction company Skanska is to develop and construct a new housing scheme in Gothenburg. The company purchased the land and building rights from Diligentia and said its total investment in the land and project development will amount to EUR 48 mln (SEK 450 mln). The residential project will provide ...
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PropertyEU Archive
Grainger gets go ahead for green mixed-use scheme in Hampshire
UK residential property owner Grainger has announced that it has received planning permission for Newlands Common, its major residential led mixed-use development, located west of Waterlooville in South Hampshire. The development is a long-term project that has been designed as an exemplary sustainable urban extension.
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PropertyEU Archive
Kenmore, Revcap to develop Wiltshire business park
UK property group Kenmore is teaming up with investor Revcap and communication company Ark Continuity in the development of a business and technology park in Wilthire, south east England. The partners have submitted a planning application to the North Wiltshire district council for a 650,000 sq ft (60,000 m2) park ...
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PropertyEU Archive
Fonciere LFPI purchases 13 warehouses for EUR 30m
French property company Fonciere LFPI has acquired a a portfolio of 13 refrigeration warehouses across France from logistics provider Ebrex France for EUR 30 mln. The portfolio represents all of Ebrex's warehouses in France, and covers more than 42,000 m[sup]2[/sup] of logistics space built on an area of 248,000 m[sup]2[/sup]. ...
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PropertyEU Archive
Prologis to develop new distribution park in London
Global logistics firm Prologis said on Friday it plans to develop a new 2.1 million sq ft (186,000 m2) rail-served distribution park in southeast London. Park Howbury will be developed on a 158-acre site and will consist of an intermodal facility and four large-scale industrial warehouses.
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PropertyEU Archive
Realia sells another 5% of its French SIIC
Spanish real estate company Realia is selling 5% of its French unit Sociedad SIIC to Garber Investments for EUR 35.7 mln. The stake is being sold at EUR 366 per share, compared to the EUR 300 per share Realia paid last year when it bought 87% of SIIC.
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PropertyEU Archive
Investors remain confident in Dutch office market - DTZ
Local and foreign investors remain confident about the prospects for the Dutch real estate market even though the affects of the global credit crisis are far from over, according to a new market report published by property adviser DTZ Zadelhoff.
