Latest reports – Page 3591
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PropertyEU Archive
NCB Capital launches shariah-compliant property fund
Saudi property investment and manager NCB Capital said that it has set up the world's first shariah-compliant property fund. The Alahli Global Real Estate Fund (GREF) will invest in companies whose activities are in real estate development across the world. The new fund will be active in a market that ...
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PropertyEU Archive
Derek Quinlan, Propinvest complete EUR 1.4 bn Citigroup deal
Irish investor Derek Quinlan and Propinvest, a London-based private investment company, have completed the acquisition of the European headquarters of Citigroup Bank in London from Royal Bank of Scotland for £1 bn (about EUR 1.4 bn). The trophy asset will be leased back to Citigroup for 25 years.
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PropertyEU Archive
Irish investor buys into London's Victoria Street
Irish investment company D2 Private is reportedly buying a government-occupied block in London's West End for £180 mln (EUR 254 mln). In September Legal & General's Life and Linked Life funds put the 31,600 m[sup]2[/sup] block up for sale for £200 mln, but the ongoing credit crunch forced them to ...
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PropertyEU Archive
Segro adds to Dutch portfolio
Segro, the London and Paris-listed logistics real estate investment trust (REIT), has strengthened its presence at Amsterdam's Schiphol Airport with the acquisition of a property consisting of three office and logistics buildings at the nearby Skypark business park. The total surface of the buildings is approximately 7,200 m[sup]2[/sup] and tenants ...
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PropertyEU Archive
DDS sees opportunity in 'credit crunch'
Dawnay Day Sirius (DDS) believes that the uncertainty in the financial markets is postive for the company as the crisis is reducing the number of competitors in the property market.
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PropertyEU Archive
FDL completes deals worth EUR 500 mln
Fonciere Developpement Logements (FDL) said that it has completed several previously announced property transactions in France and Germany for a total investment volume of EUR 500 mln. Last July, the company said it was buying 1,086 residential units in the Paris region for about EUR 398 mln, reflecting a yield ...
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PropertyEU Archive
Icade to convert to SIIC status
The board of French property group Icade has approved the merger between the company and its four units – Icade, Icade Fonciere Publique, Icade Patrimoine, and Icade Fonciere des Pimonts - to clear the way for the company to convert to a SIIC, the French equivalent of real estate investment ...
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PropertyEU Archive
Brixton buys at Heathrow
UK's listed property company Brixton has bought the Mercury Centre complex in Heathrow, the UK, from Coal Pension Properties for some £11 mln (EUR 15 mln). This late 1980s estate comprises six units totalling 54,400 sq ft (5,060 m2) and generating rent of £485,000 per annum (£8.92 per sq ft). ...
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PropertyEU Archive
ING Real Estate acquires Hungarian mall for CEE fund
Dutch property company ING Real Estate has acquired the Campona shopping centre in Budapest from Compagnie Immobiliere de Belgique for EUR 110 mln. The property is being added to the ING Property Fund Central and Eastern Europe (ING PFCEE), a semi-open ended real estate fund with a target size of ...
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MagazineDanish flying club class
This Danish adventure into ‘club’ investing has been hugely successful. However, its appeal is not universal; in some countries it might be a non-starter. Kristen Paech reports
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MagazineJoining forces
Investing in a group can offer many advantages, but do so-called ‘club’ deals make good commercial sense? Julian Schiller reports
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MagazineStandard deviation
Compromise may be the best we can achieve as we strive for internationally comparable yield data, as Michael Haddock explains
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MagazineHeading for the exit
Although Europe’s first generation of non-listed real estate funds are coming to the end of their terms, the impact on the market is unlikely to be severe, especially if investors and managers work together efficiently. Steve Hays reports
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MagazineLocation is everything
Those Australian super funds which have a view of Sydney are focusing on the best positioned assets. Their perspective on Australia’s financial centre is provided by Richard Newell
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MagazineDutch pioneers
Large pension assets and a small home market mean that pension funds from the Netherlands are ahead of their European counterparts whose Asia strategies are still relatively new. Kristen Paech reports
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MagazineBasking in brighter prospects
After some years of being outshone by other Australian cities, Sydney is picking up again, driven by sound fundamentals. Rod Cornish reports
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MagazineProduct plays catch up
Bullishness about Asia sits alongside concern about the region’s ability to absorb and retain capital. So select your opportunities carefully, warns Michael Grimes
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MagazineSentimental education
In a detailed analysis of the recent ULI/PwC survey of investor sentiment towards Asian real estate, Chuck Di Rocco and John Forbes identify a few concerns clouding an otherwise bright horizon
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MagazineShopper’s paradise?
The case for investing in Asian retail is compelling but, as Paul Benjamin explains, getting one’s hands on a prize prospect is far from straightforward
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MagazineMarket view: rising sun, broadening horizon
The optimal combination of performance, size, liquidity, and relative risk make Japan an attractive destination for property investment.
