Latest reports – Page 3603
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News
Pennsylvania State signs to $1bn Mexico fund
UNITED STATES - Pennsylvania State Employees Retirement System is thinking of making a commitment to a $1bn (€681.3m) Latin America residential fund being launched by Pramerica Real Estate Investors.
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News
Illinois Teachers widens separate account plans
UNITED STATES - Teachers Retirement System of the State of Illinois is planning a shift in its separate accounts real estate programme when it makes its next manager search.
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News
Principal study calls end of cap rate compression
UNITED STATES - Principal Real Estate Investors feels that time of the cap rate compression in the United States has run its course, according to a report investigating current real estate market potential.
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News
Alternative investments to carry more weight - ING
UK - Alternatives sectors are likely to register more on the agenda as UK pension funds seek to gain more exposure to real estate assets, according to ING Real Estate Investment Management.
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News
Oregon PERF creates structured finance account
UNITED STATES - Oregon Public Employees Retirement Fund has created a new structured finance separate account with Guggenheim Structured Real Estate Advisors worth $900m (€621m).
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News
Buchanan Street looks to European expansion
UNITED STATES - Buchanan Street Partners is considering investing in Europe for the first time by using the proceeds from a recent sale.
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PropertyEU Archive
Corio buys 8th retail property in Turkey
Dutch retail property developer Corio has finalised its 8th retail investment in Turkey with the acquisition of a 75,000-m[sup]2[/sup] shopping centre in Bursa in the north-west of the country. Expected to be anchored by a 24,000-m[sup]2[/sup] home furnishings store, a hypermarket and DIY outlet, the mall will be the most ...
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PropertyEU Archive
PGGM not party to Vastned Retail bid
Dutch pension fund PGGM has said it is not part of the consortium making a hostile bid for property fund Vastned Retail. Last week IEF Capital, a joint venture of Bouwfonds Asset Management and Inflation Exchange Fund (IEF), indicated it will persist with its EUR 1.15 bn bid to acquire ...
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PropertyEU Archive
Raven Russia buys 50% stake in Kiev development
Raven Russia, the AIM-listed property investor specialising in commercial real estate in Russia, has acquired a 50% stake in an industrial development project in Kiev for an undisclosed sum. The deal is Raven Russia's first project in Ukraine. The company's partner in the joint venture is the closed-end fund Asnova ...
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PropertyEU Archive
Nord/LB to mount EUR 485m bid for Deutsche Hypo
Regional German bank Norddeutsche Landesbank (Nord/LB) plans to launch a EUR 36.09 per share bid for listed mortgage bank Deutsche Hypothekenbank, Nord/LB said on Monday. The offer values Hanover-based Deutsche Hypo at EUR 485 mln and would rank Nord/LB as the third-largest mortage bank in Germany based on new real ...
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PropertyEU Archive
Eurocommercial acquires French malls for EUR 76.5m
Eurocommercial Properties (ECP) has acquired two shopping centres in France for a total of EUR 76.5 mln. The properties are located at St. Doulchard near Bourges and Chasse-sur-Rhône close to Lyon. Both are already income-producing, Eurocommercial said in its report on the company's first quarter 2007/2008 results up to 30 ...
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PropertyEU Archive
Aareal's 9-month net income 'quadruples'
International property lender Aareal Bank has released its nine-month results, showing consolidated net income after minority interests almost quadrupled to a record value of EUR 272 mln. Return on equity after taxes amounted to 31.4%.
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PropertyEU Archive
Wells REIT II makes first international investment
Global property adviser CB Richard Ellis has advised Wells Real Estate Investment Trust II, a EUR 2.7 bn American office REIT, on its first international investment: a nine-storey tower under construction in Moscow.
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PropertyEU Archive
Colliers wraps up purchase of Prague's Charles Square Center
The Czech division of global real estate consultant Colliers International has finalised the purchase of Charles Square Center, a landmark office property in Prague. The class A building, originally developed in 2002 by international property investor Golub, was acquired for EUR 90 mln for German fund Commerz Grundbesitz Investmentgesellschaft.
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PropertyEU Archive
C&W predicts calmer waters for European real estate
Global real estate adviser Cushman & Wakefield will issue a report later this month that casts European real estate - if somewhat cautiously - in a sunny light, despite the gloom and doom of recent months. ‘A total of EUR 62.8 bn of commercial property was traded in Europe in ...
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PropertyEU Archive
SPDE acquires retail project in Norway
Newly-established Scandinavian Property Development (SPDE) has signed an agreement to acquire a development project in Haugesund in Norway for EUR 27 mln. The project, dubbed 'Flotmyr', is predominantly retail and commercial and is part of the Haugesund Arena, home to a new stadium for the Haugesand soccer team as well ...
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PropertyEU Archive
AMB Property leases 16,600 m[sup]2[/sup] in London development to direct mail firm
San Francisco-based property developer and owner AMB Property Corporation said it has agreed a 10-year lease for about 16,600 m[sup]2[/sup] of its AMB East London Distribution Park to UK direct mail company DSICMM.
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PropertyEU Archive
Deutsche EuroShop raises full-year forecast
Deutsche Euroshop, the German shopping centre investor, indicated on Friday that it has raised its full-year financial forecasts 'slightly' in the wake of a good nine-month performance. In the first nine months of 2007, revenues inched up to EUR 68.9 mln from EUR 68.7 mln while earnings before interest and ...
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PropertyEU Archive
Top deals of Week 45
London & Capital's acquisition of a German retail assets for EUR 225m leads the ranking of the top five deals for Week 45 (5 to 9 November 2007) as recorded by PropertyEU.
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PropertyEU Archive
CA Immo acquires administrative complex in Berlin
Vienna-listed CA Immo announced on Friday that it has acquired a 35,000 m[sup]2[/sup] administrative complex in the Spreebogen quarter of central Berlin. Most of the two-building property is rented to the Berlin Administrative Court, the Tiergarten District Court and the Public Prosecutor's Department. The remaining area consists of retail, office ...
