Latest reports – Page 3611
-
News
Maryland makes its foray into Asia
UNITED STATES - Maryland State Retirement Agency has made its first move into investing in international real estate with a $100m (70.2m) commitment to an Asian fund.
-
News
New Jersey taps into real estate debt pressures
UNITED STATES - New Jersey Division of Investment has agreed to commit $150m (€105.3m) to two commingled funds, to take advantage of the market capital squeeze and structured financing.
-
News
US pension funds place capital into distressed paper
UNITED STATES - Several pension funds in the United States have decided to invest some capital into a distressed debt investment strategy but are choosing to do so through leverage-driven funds.
-
News
Entity level deals sign new pension fund capital
UNITED STATES - There is new pension fund capital in the United States being moved into entity level investing in both the private and public real estate sectors.
-
News
CalPERS places fresh $600m in real estate
UNITED STATES - California Public Employees Retirement System has placed $600m (€424.5m) into a combination of commingled funds, co-investments and separate accounts for international and opportunistic strategies.
-
PropertyEU Archive
Multi Turkmall and Union Investment open Mediterranean's largest retail centre
Istanbul-based Multi Turkmall and Hamburg's Union Investment have announced the opening of the largest retail project in the Mediterranean. Located in Mersin, a coastal resort in the southeast of Turkey, the Forum Mersin Shopping and Lifestyle Centre offers 71,500 m[sup]2[/sup] of shops, restaurants, leisure and cultural facilities. All of its ...
-
PropertyEU Archive
Ablon acquires land for Bucharest development
Ablon Group, a leading real estate owner and developer in Central and Eastern Europe, announced yesterday that it has completed the acquisition of a new 40,000 m[sup]2[/sup] plot of land located in the Pipera District of Bucharest for a purchase price of EUR 18.5 mln. Ablon has obtained building rights ...
-
PropertyEU Archive
Cofinimmo's nine-month results show leap in profits
Belgian real estate group Cofinimmo posted its nine-month results late on Friday, showing an increase in net profits driven by substantial assets disposal and slightly higher rental incomes. Net profits jumped to EUR 126 mln compared with EUR 86.6 mln in the same period last year. The company's property portfolio ...
-
PropertyEU Archive
Custom House Capital moves into Munich
Global property consultants Knight Frank Ganly Walters has completed another acquisition deal in the German investment market amounting to over EUR 27 mln worth of investment property on behalf of Irish wealth management company, Custom House Capital (CHC). The deals in Munich follow on from CHC's recent acquisitions France worth ...
-
PropertyEU Archive
CB Richard Ellis advises on mega-deal in Austria
CB Richard Ellis, in partnership with NAI Otto Immobilien, NAI Global's Austrian arm, has been awarded an exclusive mandate to sell a EUR 650 mln portfolio of commercial properties owned by Bawag-PSK Real Estate, a subsidiary of Bawag-PSK Bank. The former union bank was taken over by Cerberus Capital Management, ...
-
PropertyEU Archive
NCC builds police headquarters near Oslo for EUR 22m
Swedish construction group NCC has announced a partnering agreement with Entra-selskapet Kjorboparken to build a new police headquarters in the west of Oslo. The premises should be up and running by spring 2009.
-
PropertyEU Archive
Unibail-Rodamco record EUR 677m in 9-month sales
French-Dutch property company Unibail-Rodamco has said that its combined sales, taking into account the merger of the two companies, came to EUR 677 mln for the first nine months of 2007 - up 40% from the pro-forma figure of EUR 484 mln a year earlier.
-
PropertyEU Archive
Sponda buys office property in Moscow for EUR 33m
Finnish real estate company Sponda has closed a deal to buy an office property in the centre of Moscow. The building, still under construction on Prospekt Mira, was bought from Plazmexon Investments for EUR 33 mln and will have a total leasable office space of 3,025 m[sup]2[/sup]. It is scheduled ...
-
PropertyEU Archive
Sjaelso Gruppen sells top Stockholm location for EUR 63.7m
Danish real estate company Sjaelso Gruppen has concluded a deal to sell a combined office, storage and retail property in Stockholm to Property Group for EUR 63.7 mln. The transfer should be finalised by the middle of 2008.
-
PropertyEU Archive
Building starts on luxury offices in Dusseldorf
Real estate consultants Colliers Trombello Kolbel announced that work has started on the Four Elements office complex in Dusseldorf. The building, which was more than half-let before construction started, is situated on Georg-Glock Strasse in Kennedydamm and will provide six storeys of top-class office premises with a total floor area ...
-
PropertyEU Archive
Amtel Group to launch new hotel brand in Moscow
Hotel group Amtel has set up a joint venture with City Developments Ltd (CDL), a major international hotel developer, to introduce a new hotel brand to Russia, named Copthorne, under CDL’s Millenium & Copthorne Hotels brand. Amtel Group already has diverse businesses within the Commonwealth of Independent States.
-
Magazine
Pre-conference Talking Point: sizing style ahead of INREV
Core, core plus, value added, opportunistic – are these terms of art or science in the world of indirect property investment funds? Noel Manns reports
-
PropertyEU Archive
X5 Retail Group buys Korzinka chain for EUR 80m
Russian food retailer X5 Retail Group has agreed to buy the Korzinka retail chain of 22 stores for $115 mln (EUR 80 mln), including debt. X5 said 15 of Korzinka's stores will be integrated into its discount format and six into the supermarket format while one store will be added ...
-
PropertyEU Archive
J.C. Flowers taps Myners of Land Secs to chair Northern Rock
Should it push ahead with a bid for Northern Rock, New York-based buyout firm J.C. Flowers has said it would propose that Land Securities non-executive chairman Paul Myners take over the position of chairman at the financially troubled UK mortgage bank.
-
PropertyEU Archive
ING Real Estate opens first phase of Genk scheme
The first phase of ING Real Estate's City Square mixed-use scheme in the Belgian city of Genk opened last week. The City Square project is a public-private partnership covering a large-scale reconstruction of the city centre. The first phase includes 19 retail units that are fully leased to a mix ...
