Latest reports – Page 3618
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PropertyEU Archive
Carlyle buys mixed portfolio in Germany
Private equity firm Carlyle has bought a portfolio of 109 residential and 13 commercial buildings in Germany from subsidiaries of German brewer Radeberger groups. The purchase price was not disclosed.
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PropertyEU Archive
JER Partners acquires UK hotel portfolio
JER Partners, the private equity investment arm of real estate investors J.E. Robert Companies, has announced the acquisition of Morethanhotels for an undisclosed sum. Morethanhotels owns and manages a portfolio of 11 Express by Holiday Inn hotels. It also owns two development sites close to the Birmingham NEC exhibition centre ...
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PropertyEU Archive
Prologis raises EUR 500m with bond issue
Prologis European Properties (PEPR) has raised EUR 500 million though an unsecured bond issue by Prologis International Funding, a fully-owned subsidiary of PEPR, in the Euro bond market. The issue, due 2014 is PERP's first issue of unsecured notes.
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News
UK government to invest €2.4bn in infrastructure
UK - The UK government is to plough £1.7bn (€2.4bn) into boosting infrastructure for planned ‘new’ towns and growth areas over the next three years.
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News
Bär taps into thirst for infrastructure
SWITZERLAND - A fund jointly launched by Macquarie and Julius Bär, the private bank, is targeting European pension fund investors with a global infrastructure fund focused primarily on energy and utilities.
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Credit crunch creates PE buyers’ market
GLOBAL - Excess capital accumulated by US real estate private equity funds in the first half of 2007 will help them mop up in a downward-valued market, according to an Ernst & Young report on real estate private equity funds.
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News
Strategies switched amid lower Romanian returns
ROMANIA - Charlemagne Capital’s €110.5m sale of three Romanian property assets last week indicates a significant shift in that market, according to investors.
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News
ING real estate wins £100m Welsh mandate
UK – The GBP1.3bn (€1.9bn) Rhondda Cynon Taf council pension fund has awarded a £100m UK property mandate, with possible exposure to other European markets, to ING Real Estate Investment Management.
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News
State of Alaska branches out into timber
UNITED STATES - Alaska Retirement Management Board has expanded into timberland for the first time with a $200m (€142.5m) allocation.
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News
CPP Investment Board buys Denver office space
UNITED STATES - CPP Investment Board has made its first acquisition in the Denver office market through a joint venture with Callahan Capital Partners.
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News
Select-service hotels hit Warburg Pincus’ radar
United States - Warburg Pincus Real Estate Fund I and Triyar Hospitality have formed a joint venture to develop and acquire ‘select-service’ hotels.
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News
Mass PRIM abandons small cap REITs
UNITED STATES – Massachusetts’ Pension Reserves Investment Management Board has decided to drop a small cap investment mandate for its publicly-traded real estate securities program in the United States.
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News
Texas Teachers to approve $800m in real estate
UNITED STATES- Teacher Retirement System of Texas is in the process of approving $800m ($568m euros) in new real estate commingled fund investments.
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News
BT pension fund to sell £240m portfolio
UK – Hermes Real Estate has placed 10 property vehicles on the market, in the hope of generating £240m (€346m) for the BT Pension Scheme.
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PropertyEU Archive
Commerz Real clinches new deal in Milan
Commerz Real, the recently amalgamated property arm of Germany's Commerzbank, has purchased the Torre Alfa office property in Milan for one of its open-end public property funds, Hausinvest Europa. The company said it invested approximately EUR 83 mln in the ten-storey building that dates from 2003. The vendor of the ...
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PropertyEU Archive
DTZ wins European office agency accolade
Property adviser DTZ has been named 'European Office Agency Team of the Year' at the European Property Awards held at the Expo Real trade fair in Munich last week. Other contenders for the award were Cushman & Wakefield, Jones Lang LaSalle, Knight Frank and Leimdorfer.
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PropertyEU Archive
Mirland mulls bond issue
Mirland Development Corporation, a developer of residential and commercial property in Russia, has filed a draft prospectus with the Israeli Securities Authority as a preliminary step towards a possible bond issuance. The company indicated in a short statement that the details of the possible issuance had not yet been worked ...
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PropertyEU Archive
Hypo completes EUR 58m financing for Dawnay, Day Carpathian
Hypo Real Estate Bank International has provided a EUR 57.7 mln facility for Dawnay, Day Carpathian for the acquisition of a portfolio of four properties in the Czech Republic and Hungary. The transaction was announced this week but closed on 3 October. The portfolio consists of a 22,000 m[sup]2[/sup] shopping ...
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PropertyEU Archive
AMB expands logistics portfolio in Rotterdam Port
AMB Property Europe BV, the Dutch-based affiliate of the American AMB Property Corporation, has added more than 13,000 m[sup]2[/sup] of distribution space to its holdings in Rotterdam Port. The transaction price for AMB Eemhaven Distribution Center 3 was not disclosed. The property is fully leased to a European logistics provider, ...
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PropertyEU Archive
Two more Hermes funds join AREF
The Association of Real Estate Funds (AREF), a representative body in the UK for unlisted commercial real estate funds, has announced that two more funds have become members. They are specialist funds managed by Hermes Real Estate Investment Management, and have a combined net asset value (NAV) of EUR 1.13 ...
