Latest reports – Page 3598
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PropertyEU Archive
WDP to redevelop logistics site, reports nine-month operating profit of EUR 19m
Closed-end real estate fund Warehouses De Pauw (WDP) said it is purchasing a 50,000 m[sup]2[/sup] site in Venlo, a logistics hotspot in the Netherlands. The company will be redeveloping the site, which is currently home to cable producer Belden's EMEA head office. Belden is to rearrange its activities and will ...
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News
Director arrested in Philips pensions fraud
NETHERLANDS - Dutch fraud police have arrested the former and current directors of real estate at PREIM, the real estate arm of the €14.5bn Philips pension fund, as part of their investigation into fraud connected with the scheme’s property portfolio.
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BNL fund to outsource real estate
ITALY – The €970m pension fund of the Italian Banca Nazionale del Lavoro (BNL) is looking to outsource the management of its real estate portfolio.
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Fitch rethinks property fund managers
GLOBAL - Ratings agency Fitch has claimed its revamped rating system for real estate asset managers would better reflect not only the proliferation of specialist and niche funds but also the increased sophistication of investment mandates.
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NY State Teachers to pull out of two core funds
UNITED STATES - New York State Teachers Retirement System is thinking of withdrawing $225m (€153m) from two US core open-ended commingled funds.
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Lehman Brothers creates retail JV in Italy
UNITED STATES - Lehman Brothers Real Estate Partners has formed a new joint venture with B Consulting for the development of new retail properties in Italy.
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LaSalle expands REIT strategy to Taiwan
UNITED STATES - LaSalle Investment Management has expanded its REIT securities arm to Taiwan for the first time, with the creation of Taishin Global Real Estate Securities Fund.
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Sainsbury JV to unlock property value
UK - UK supermarket giant Sainsbury’s has entered into a joint venture with property firm Land Securities, aimed at active management of its property portfolio.
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CalPERS commits $250m to int'l opportunity
UNITED STATES - California Public Employees Retirement System has approved a $250m (€171.1m) commitment into the Rockpoint Real Estate Fund III which is currently only holding investments in Japan.
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Fillmore Capital to expand into UK and China
UNITED STATES - Fillmore Capital Partners is looking at expanding its investment operations into the United Kingdom and China for the first time.
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PropertyEU Archive
Icade wins EUR 70m medical centre contract
French developer Icade has won a new private-public partnership contract for the construction, maintenance and financing of a new 31,000 m[sup]2[/sup] medical centre on the Brabois site in Nancy, northeastern France. The company was awarded the 32-year contract by the CHU of Nancy, a network of 14 medical clinics chaired ...
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PropertyEU Archive
Top five deals (12-16 November 2007)
Oaktree Capital Management's acquisition of a German portfolio for EUR 600 mln leads the PropertyEU ranking of the top five European real estate deals for Week 46 (12 to 16 November 2007).
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PropertyEU Archive
GPT Halverton buys building in Waalwijk
GPT Halverton, on behalf of its fund Dutch Active Fund PropCo, has bought an office and corporate building located in Waalwijk, the Netherlands, from a private investor. The financial details of this transaction have not been disclosed.
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PropertyEU Archive
Miller shareholders plan to sell up to 60%
A group of shareholders in the Miller Group plans to sell its shares in the UK builder, media sources reported on Monday. The shareholders, who account for 60% of the company's share capital, have hired accountants Ernst & Young to carry out a strategic review of their holding.
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PropertyEU Archive
CA Immo to buy back 5% stake in its international unit
CA Immobilien Anlagen said on Monday that it intends to boost its stake in CA Immo International to up to 56% from the current 51%. The company will take advantage of the current 'extremely low price' of CA Immo International's shares, which is around 20% below net asset value (NAV). ...
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PropertyEU Archive
Travelodge to open 100 hotels in Spain
UK hotel company Travelodge said on Monday that it plans to invest EUR 1 bn in expanding its operations in Spain. The company will open 100 hotels in the country by 2020, representing the budget chain's first major move into
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PropertyEU Archive
JLL's Investor Property Management unit sees strong increase
The Investor Property Management unit of Jones Lang LaSalle (JLL) increased its portfolio by 205,000 m[sup]2[/sup] in the month of October, the real estate advisor said on Monday. Investor Property Management (IPM) has added 29 office and corporate buildings located in the Netherlands to its portfolio. The properties, generating an ...
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PropertyEU Archive
ING RE acquires shopping centre in Belgium
ING RE announced on Monday that it has acquired the Warande shopping centre in Beveren, Belgium for about EUR 38 mln. The Warande project is located in the centre of Beveren, near Antwerp and is a 10,000 m[sup]2[/sup] mixed-use, inner-city project including retail and residential units as well as ...
