Latest reports – Page 3607
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News
US pension funds rest sleeping capital in hotels
UNITED STATES - Pension funds are still eyeing hotel properties as a good investment, as San Diego is the latest to shift additional assets into the sector and Principal has made its first purchase for investors.
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News
CalSTRS sets up retail JV
UNITED STATES - California State Teachers Retirement System has established a new joint venture with Urban Retail Properties Company to invest in retail properties.
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News
US pension funds make play for value-added apartments
UNITED STATES - Pension funds in the United States are moving some capital into investing in value-added apartments, as renter demand for flats is believed to be on the upswing.
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PropertyEU Archive
Market downturn impacts on lease lengths
Landlords are negotiating shorter leases with retailers and other commercial tenants in response to tighter market conditions over the last year, a new research report issued on Monday indicates.
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PropertyEU Archive
Hypo completes EUR 55m financing for Amesbury
Hypo Real Estate Bank International said on Monday it has provided a EUR 55 mln refinancing facility to privately owned developer Amesbury which has been active in the Czech market for 10 years. The transaction completed on 29 October.
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PropertyEU Archive
Dutch trade union group sells four offices to UBS
FNV Vastgoed, the property unit of the largest union confederation in the Netherlands, has divested four offices with a total area of 27,500 m[sup]2[/sup] via a sale-and-lease-back transaction with UBS Global Asset Management. The financial details were not disclosed.
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PropertyEU Archive
London & Capital acquires German retail assets for EUR 225m
London & Capital said Monday that it has acquired a portfolio of 38 retail properties in Germany worth EUR 225m for its German Real Estate Fund in the largest transaction in the company's history. The fund now has assets valued in excess of EUR 650 mln.
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PropertyEU Archive
Delta Two pulls out of Sainsbury's takeover talks
Delta Two, the Qatari-backed investment fund, has pulled out of its talks to buy Sainsbury's. Back in July the fund announced that it was in discussions with the supermarket group about the possibility of them making a cash offer to acquire the 75% of the ordinary share capital it did ...
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PropertyEU Archive
Huge increase in supply of Bulgarian holiday homes
Property advisor Colliers Bulgaria has published research findings this week that show there was a dramatic increase in the total number of holiday home units in Bulgaria in the first half of 2007. After almost 10,000 new apartment units were put on the market in mountain resorts, supply increased there ...
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PropertyEU Archive
Blackrock JV announces another acquisition near Edinburgh
Irish listed real estate investor Blackrock International Land has announced this week that its joint venture with Applecross Properties has made another acquisition close to Edinburgh. The latest deal involves the purchase of the Jewel and Esk Valley College campus for £ 24.2 mln (EUR 34.8 mln) including costs. The ...
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PropertyEU Archive
SPDE withdraws from Oslo Port negotiations
Scandinavian Property Development (SPDE), which listed on the Oslo stock exchange last week, has announced that it has decided to withdraw from ongoing negotiations about the acquisition of the Sørenga container terminal in Oslo harbour. The negotiations had been held with Hav Eiendom, a company owned by the Oslo Port ...
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PropertyEU Archive
Foster to give Barcelona's stadium a facelift
To football fans around the world, FC Barcelona's Camp Nou is hallowed turf where giants of the game like Maradona, Johan Cruyff and Ronaldinho have played. Now one of the stars of the architectural world, Norman Foster, is to transform the stadium with a new look.
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PropertyEU Archive
JLL comment on Bank of England's record property lending figures
According to figures released at the end of last week by the Bank of England, bank lending in sterling to real estate grew again in the third quarter of 2007, by £10.5 bn (EUR 15.1 bn). Outstanding loans to the UK real estate sector now total £186 bn (EUR 268 ...
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PropertyEU Archive
Tom Barrack to spend EUR 410m on Costa Smeralda's project
American real estate investor Tom Barrack, through his vehicle Sardegna Resorts, is investing EUR 410 mln in the Porto Cervo regeneration project, situated in the luxury resort destination on Sardinia's Costa Smeralda. The real estate tycoon plans to develop a new five-star hotel, as well as add 70 luxury suits ...
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PropertyEU Archive
UK unlisted property funds raise EUR 1.15 bn in Q3
The Association of Real Estate Funds (AREF), representing UK unlisted commercial real estate funds, published its 'Investment Quarterly for Q3 2007' this week, which examines industry trends based on data provided by its members.
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PropertyEU Archive
Citigroup's CEO steps down as subprime crisis bites deeper
Citigroup announced the departure of its CEO and chairman Charles Prince during an extraordinary meeting on Sunday, as the company unveiled between $8 bn and $11 bn of further losses in addition to the $5.9bn of bad debts it had previously announced due to the fallout of he sub-prime mortgage ...
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PropertyEU Archive
Kungsleden's share redemption process begins
Following their recently upgraded profits forecast for calculating 2007 dividends, Swedish listed property company Kungsleden has begun distributing a brochure to all its shareholders describing their proposed share redemption process. Subject to a resolution by the EGM to be held on 19 November, each Kungsleden share will be split into ...
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PropertyEU Archive
Catella launches new asset management company in Finland and Russia
Catella Property Finland, part of the pan-European property advisor Catella Property Group has announced that it is incorporating its asset management services in a new wholly-owned subsidiary to be called Amplion Asset Management. Amplion will be officially launched on 1 January next year and will provide asset management services in ...
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PropertyEU Archive
Redilco, Corpus Sireo team up in asset management JV
Italy's Gruppo Redilco has signed a new partnership agreement with German asset manager Corpus Sireo, the company said in a statement on Monday. The joint venture is aimed at speeding up the company's expansion into the German market as well as strenghtening its Italian activities.
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PropertyEU Archive
Deloitte to develop EUR 250m office in Amsterdam with OVG
Deloitte Touche Tohmatsu, the global accountancy and consultancy firm, has formed an exclusive alliance with Dutch developer OVG to build a new office in Amsterdam's business district the Zuidas. Reliable sources put the cost of the new development at EUR 250 mln. The project will comprise 40,000 m[sup]2[/sup] of office ...
