Latest reports – Page 3614
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PropertyEU Archive
SEB buys into Austrian logistics centre
SEB Asset Management has acquired two buildings at a logistics centre in the Austrian city of Graz from a subsidiary of Cargo Center Graz. The properties are earmarked for SEB's ImmoPortfolio Target Return Fund mutual fund. The purchase price amounted to around EUR 22 mln.
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PropertyEU Archive
Melina to build 12 shopping centres in Bulgaria
Israeli company Melina has announced plans to invest up to EUR 150 mln in a chain of out-of-town shopping malls in Bulgaria over the next three years.
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PropertyEU Archive
Plaza forms joint venture in Romania
London-listed Plaza Centers has entered into a joint venture partnership with Bas Development (Bas) to develop residential and office projects in Romania. Plaza, which describes itself as an emerging markets property developer, said it will own 50.1% of the joint venture company and Bas will hold the rest. The new ...
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News
Slovakia to stymie pension property plan
SLOVAKIA - The Slovak government is to scotch a legal amendment that would allow second-pillar pension schemes to invest in real estate.
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News
BT pension fund backs UK developer
UK - The BT Pension Fund has given UK property which is currently seen as a rare vote of confidence and upped its shareholding in UK developers Development Securities.
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News
ABP defector joins F&C
NETHERLANDS - ABP real estate securities analyst Jorit Arissen is leaving the Dutch pension fund after just over a year to join fund manager F&C.
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News
UK, Spanish banks in sale-and-leaseback deals
UK/SPAIN - Two banks involved in the acquisition of ABN Amro are selling off most of their remaining property assets in a series of sale-and-leaseback deals.
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News
Oslo property market is ‘the new Helsinki’
NORWAY – Europe is good but Norway is better, according to a property market report published by Close, the independent merchant bank.
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News
PCA 'conflict of interest' forces CalSTRS' shop
UNITED STATES - California State Teachers Retirement System is planning to hire a new real estate consultant for the first time in 10 years.
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News
US pension fund capital heads back to core
UNITED STATES - Some pension fund capital in the United States is flowing against the tide and being reallocated to a core investment strategy.
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News
Westport moves into residential India
UNITED STATES - Westport Capital Partners is developing a major new residential project in Hyderabad, India, which is being backed by pension funds and other institutional investors.
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News
UCAL moves to separate accounts
UNITED STATES - The University of California (UCAL) has moved into the separate account real estate space for the first time signing a relationship with Cornerstone Real Estate Advisers.
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News
Shorenstein buys into mezzanine gap
UNITED STATES - Shorenstein Properties plans to increase its appetite for mezzanine debt deals on office buildings over the next couple of months, to take advantage of the dislocation in the debt markets.
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News
LVAM in drive to grow institutional business
UK – LV Asset Management (LVAM), the asset management arm of UK’s largest friendly society, has announced ambitious plans to expand its fund management arm with 12 new funds and the development of a multi-manager capability, targeted at institutional and retail investors.
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PropertyEU Archive
C&W secures two tenants for Kutuzoff Tower
Cushman & Wakefield Stiles & Riabokobylko has announced that it has secured OOO Coca-Cola Soft Drink Consulting and the Hungarian pharmaceutical company Egis as tenants at Kutuzoff Tower in Moscow. The tower is a 20-storey Class-A office development of almost 31,500 m[sup]2[/sup] of rentable office space. The project is ...
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PropertyEU Archive
Russia leads European shopping centre boom
A record 11.4 million m[sup]2[/sup] of new retail space is due to open in Europe next year, 38% up on the 2007 level, property advisor Cushman & Wakefield (C&W) has said in its latest European Shopping Centres Report. Russia tops the ranking for new shopping centre space by a wide ...
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PropertyEU Archive
Alpha Beta launches first residential index fund
Alpha Beta Fund Management is launching the first UK Residential Index fund (UKRIF) for institutional investors in December. The fund is based on the Halifax House Price Index and gives pension funds, funds of funds managers and other investors access to Europe's single largest investment asset class, according to ABFM ...
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PropertyEU Archive
Blackstone buys 46 hotels across Europe
US private equity firm Blackstone is reportedly buying a portfolio of 46 hotels across Europe for EUR 620 mln. According to a report in the Italian financial newspaper Il Sole 24 Ore, the US company acquired the hotels in a bidding contest organised by Goldman Sachs' Whitehall funds and the ...
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PropertyEU Archive
DDC acquires another Romanian development site
Dawnay, Day Carpathian (DDC), the UK-based retail property investor focused on Central and Eastern Europe, has announced the acquisition of another multi-purpose development site in Romania. Valued at over EUR 9.5 mln, the acquisition is the last of the four Romanian deals DDC had in its pipeline at the time ...
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PropertyEU Archive
Gecina invests in student residences
Listed French real estate firm Gecina has acquired a portfolio of student residential properties in Bordeaux and the nearby towns of Talence and Pessac for EUR 28.5 mln. Close to two major university centres, the portfolio comprises a total of 473 housing units, with 9,740 m[sup]2[/sup] of living space, 933 ...
