Latest reports – Page 3580
-
PropertyEU Archive
Westbridge Hospitality sells Holiday Inn in Hamburg
US investment company Westbridge Hospitality Fund has sold the Holiday Inn hotel in Hamburg to Grand City Hotels and Resorts for an undiclosed amount. Developed in 1965 and renovated three years ago, the four-star hotel consists of 105 rooms. Grand City Hotels and Resorts is a private investment company which ...
-
PropertyEU Archive
Metro sells Victoria Place mall to Ewart Properties
Metro Shopping Fund, a retail joint venture between Land Securities and Delancey, has sold the Victoria Place shopping centre in London to Irish property firm Ewart Properties for £ 92.5 mln (EUR 129 mln) .
-
PropertyEU Archive
Kenmore industrial fund shops in France and Belgium
Kenmore European Industrial fund is buying a portfolio of light industrial properties in France and Belgium for a total of around EUR 29 mln. The company acquired four assets in the Paris region and Lyon from French company Proudreed for EUR 10.3 mln, or a net initial yield of 8.7 ...
-
PropertyEU Archive
VIB Vermogen acquires majority stake in BBI
German real estate company VIB Vermogen announced on Tuesday that it has boosted its stake in Burgerliches Brauhaus Immobilien (BBI) from 29% to 54,87%, making it BBI's majority shareholder. 'We were able to acquire the shares for a price considerably below the net asset value of EUR 14.68 per ...
-
PropertyEU Archive
WDP launches major solar energy project in Belgium
Closed-end real estate company Warehouses De Pauw (WDP) is joining forces with Dutch company SolarAccess to launch a major solar energy project in Belgium. WDP said it has signed an agreement with SolarAccess for the delivery and installation of solar panels on WDP buildings as well as with electricity supplier ...
-
PropertyEU Archive
Hochtief sells German assets to SEB for EUR 50m
German contruction company Hochtief has sold two development projects to SEB Immobilien-Investment for about EUR 50 mln. The properties are earmarked for SEB's public fund ImmoInvest. They are the Galilei3 office development in Mannheim and the Z-UP property in Stuttgart. The final purchase price will depend on the letting conditions ...
-
PropertyEU Archive
Pirelli RE wins management of Turin properties
Pirelli Real Estate Opportunities has been awarded the management contract for 18 historical assets owned by the municipality of Turin in northern Italy. The hedge fund manager of Italy's leading real estate group has offered EUR 131 mln to become Turin's partner in the new Palazzo di Cittá fund to ...
-
PropertyEU Archive
Atisreal: 2007 is last record of French investment market
About EUR 23 bn was invested in France in the first nine months of 2007, compared to EUR 20 bn in the year-earlier period, property consultant Atisreal said in its latest research report published on Tuesday. Far from weakening, the investment market remained buoyant in Q3 with about EUR 8 ...
-
PropertyEU Archive
Morgan Stanley tops ranking of the top 500 deals of 2007
US investment bank Morgan Stanley was the biggest investor in the European property sector this year, according to the ranking of the top 500 European commercial real estate deals in 2007 published in the December edition of PropertyEU Magazine. Morgan Stanley initiated deals with a total investment volume of EUR ...
-
News
PGGM and PSP firm go for gas
CANADA/NETHERLANDS - Dutch pension fund PGGM and the Canadian Public Sector Pension Investment Board (PSP) are major shareholders in a recently-formed infrastructure vehicle which has acquired Natural Gas Pipeline Company of America (NGPL) for $6.5bn (€4.5bn).
-
News
Pension funds see potential in credit turmoil
GLOBAL - Funds that can benefit from the turmoil and dislocation rising from the credit crunch will attract institution capital in 2008, say industry experts.
-
News
Student firm offloads assets worth €307m
UK - Unite, the UK student accommodation firm 4.5% owned by Dutch civil service scheme ABP, last week sold £220.3m (€308m) of assets to the UK Student Accommodation Fund (USAF), in a move designed to fund its growth.
-
News
Protego blames media panic for halted redemptions
EUROPE – Protego has become the latest real estate investment house forced to suspend redemptions last week, placing a one-year moratorium on investors pulling out of its UK property fund.
-
News
UK market ‘will pick up by spring’
UK - Disagreement has emerged between real estate investment houses over the timing of the UK property market recovery.
-
News
PFA leaps allocation to tap infrastructure growth
DENMARK – The huge Danish PFA corporate pension fund has boosted its infrastructure investment and plans to move even further into the asset class next year, probably including direct investments in the sector for the first time.
-
News
Mass PRIM hires global REIT managers
UNITED STATES - Massachusetts Pension Reserves Investment Management Board has selected European Investors and RREEF manage global REIT mandates with initial investment of $100m (€68.9m).
-
News
Oregon PERF investment sees new forays
UNITED STATES - Oregon Public Employees Retirement Fund has agreed to invest $150m (€102.6m) into commingled funds focused on Asia and urban strategies.
-
News
CalSTRS and Waterson seek apartment viewings
UNITED STATES - California State Teachers Retirement System and Waterton Associates have created a new apartment investment fund, to tap into what they anticipate will be a shift in the sector.
-
News
Illinois Teachers allocates office space
UNITED STATES - Teacher Retirement System of the State of Illinois has approved two real estate investments totaling $187.5m (€127.4m) which contribute to the acquisition of office space.
-
News
Courtland arrival firms West Coast division
UNITED STATES - Courtland Partners has hired Lou Canlas as a principal to boost its pension fund real estate consulting operations on the West Coast.
