Latest reports – Page 3594
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PropertyEU Archive
Aedes fund acquires healthcare property in Milan
Investietico, a closed-end property fund managed by Italian listed real estate company Aedes, is acquiring a 10,000 m[sup]2[/sup] healthcare property in Milan for EUR 24.5 mln. The purchase of the property from Polo Geriatrico Riabilitativo of Milan is scheduled for completion in January 2008.
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PropertyEU Archive
NEPR sells in Sweden to help fund Russian acquisitions
Northern European Properties (NEPR) has reached a preliminary agreement to sell a portfolio of 14 properties in Sweden to Stockholm-based real estate company Kungsleden for EUR 322 mln. NEPR said the proceeds will be used to partially fund four acquisitions carried out in Russia last June. The transaction price reflected ...
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PropertyEU Archive
Hansteen acquires nine properties in Germany and Netherlands
Hansteen, the London-listed investor in industrial properties in Continental Europe, has bought nine assets in Germany and the Netherlands for a total of EUR 53 mln. The properties generate an annual rental income of EUR 4.1 mln, reflecting an initial yield of 5.6%.
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PropertyEU Archive
Corio keeps pace with Turkish retail boom
Dutch-based property investor Corio has firmly established itself as one of the leading foreign movers in Turkey's booming retail market with the acquisition in November of Bursa shopping centre. The deal was Corio's eighth acquisition in Turkey this year.
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PropertyEU Archive
Signa buys business tower in Zagreb for EUR 72m
Dusseldorf-based Signa Property Funds has acquired the Hoto Business Tower in the Croatian capital of Zagreb for EUR 71.6 mln. Regional bank Landesbank Hessen-Thuringen (Helaba) provided over EUR 50 mln for the deal, German trade journal Immobilien Zeitung reported on Tuesday.
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PropertyEU Archive
AMB expands Schiphol portfolio by 6,800 m2
AMB Property Europe announced on Tuesday that it has expanded its Schiphol portfolio of industrial real estate with the acquisition of about 6,800 m[sup]2[/sup] of distribution space.
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PropertyEU Archive
Quinlan-Delek group disposes of five 'non-core' Marriott hotels
The joint venture that acquired 47 Marriott Hotels in the UK for EUR 1.6 bn in April has sold five 'non-core' hotels in the portfolio for £69 mln (EUR 96 mln). The hotels sold off are in Derby, Sheffield, Solihull, Grantham and Inverness. The sale was disclosed in the third ...
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PropertyEU Archive
Savills announces lettings in Hamburg
Savills said on Tuesday that it has secured just over 3,000 m[sup]2[/sup] of office space in Hamburg over the last six months for clients: SoftM Software und Beratung Hamburg, HTP Hochtief Projektentwicklung Hamburg, 2 do Werbeagentur and the football club FC St Pauli.
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PropertyEU Archive
Redevco acquires Glasgow mall and office block for EUR 149m
Dutch property company Redevco has bought Glasgow's up-market Princes Square shopping centre for £100 mln (EUR 149 mln) in one of few deals of its kind since the onset of the turmoil in the credit markets. The transaction covered the 9,200 m[sup]2[/sup] mall and the 11,600 m[sup]2[/sup] Guildhall Office Development ...
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PropertyEU Archive
Heathrow most expensive industrial location - King Sturge
London Heathrow, the largest freight airport in the UK, remains the most expensive industrial location in Europe for occupiers, with prime off-airport rents now at EUR 238 m[sup]2[/sup] per year, according to King Sturge's Airport Property Market survey for 2008. Improved economic and occupier outlook across Europe, combined with a ...
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PropertyEU Archive
Prologis European Properties invests EUR 51m in fund
Prologis European Properties (PEPR) has invested EUR 51 mln in Prologis European Properties Fund II (PEPF II), a private equity vehicle established to acquire assets from Prologis' EUR 3 bn development pipeline of distribution facilities in Europe. The new investment increases PEPF's share in the fund to EUR 133 mln ...
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PropertyEU Archive
Yields to rise as investment slows in 2008, C & W forecasts
A total of EUR 62.8 bn of commercial property was traded in Europe in the third quarter of 2007, 23% ahead of the same period in 2006, according to a new report to be released later this month by global real estate adviser Cushman & Wakefield.
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PropertyEU Archive
Prime office rates stabilise in Zagreb
Rents for prime office space in the Croatian capital Zagreb have stabilised at EUR 14-17 per square metre following a period of downward pressure caused by a massive increase in supply, new research by property advisor Colliers International Croatia has found.
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PropertyEU Archive
Inrev launches directory for non-listed fund of funds
The European Association for Investors in Non-listed Real Estate vehicles (Inrev) has launched a funds of funds directory which it says will provide a comprehensive overview of the 'rapidly evolving sector of the non-listed property vehicles investment world' for the first time. Access to the online database is restricted to ...
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News
Reits design described as “wrong”
GLOBAL - European Reits are being formulated to appeal to the “wrong audience”, according to Europroperty Consulting.
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News
CEE pricing 'still a concern'
EUROPE - Central and Eastern Europe is still too overpriced to be worth investing in, despite greater differentiation between prime and secondary real estate pricing, according to Scottish Widows Investment Partnership’s head of property Malcolm Naish.
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News
French study suggests derivatives 'over-hyped'
EUROPE - European institutional investors have little appetite for property derivatives, despite claims from investment banks suggesting they offer an effective hedge against inflation, suggests academic research.
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News
CalPERS drops RREEF after key staff losses
UNITED STATES – RREEF has lost the contract to manage California Public Employees Retirement System’s CalWest Industrial Investors LLC separate account following the departure of several key officials earlier this year.
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News
Corio to divest office and industrial portfolios
NETHERLANDS - The €6bn property investment and management company Corio has decided to go ahead with divesting the major part of its offices and industrial portfolios, and to further focus on its retail activities.
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News
Washington State ups real estate allocation
UNITED STATES - Washington State Investment Board has decided to boost its real estate allocation from 12% to 13%.
