Latest reports – Page 3622
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PropertyEU Archive
Dutch corporation Ymere invests in Croatian housing
Dutch housing corporation Ymere is investing EUR 90 mln in the development of new housing in Osijek in Croatia. The project will be based on a financing structure that is widely used in the Netherlands for developing social housing, said Harry Platte, corporate strategy adviser at Ymere, in an interview ...
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PropertyEU Archive
Prologis to develop Hamburg distribution centre
Prologis, ranked No. 1 in the real estate industry on Fortune's 2007 list of America's most admired companies, is to build a new industrial warehouse in northern Germany for Jack Wolfskin, a leading European provider of outdoor equipment, footwear and apparel.
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PropertyEU Archive
German open-ended funds make strong return
German open-ended funds (GOEFs) have made a strong return to the market this year, and with the current changes in Europe's investment environment, this trend looks set to accelerate, according to the EMEA research group at CB Richard Ellis. GOEFs made EUR 3.9 bn in cross-border purchases in Europe ...
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PropertyEU Archive
UBS buys Brussels Atlantis project
Developer Codic Group has sold the Atlantis office development project in Brussels to an open-ended German fund managed under German law by UBS for EUR 100 mln. Jones Lang LaSalle's Capital Markets team advised Codic on the sale of three companies which owned the Atlantis project.
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News
Folksam PFs in pilot pooling venture
SWEDEN - Swedish insurance group Folksam has set up the first bespoke property pooling structure designed for separate pension funds within the same group.
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SBB sells 9,800m2 to fund pensions
SWITZERLAND - The Swiss federal railways SBB has sold another one of its real estate holdings under its funding promise to the SBB pension fund.
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Hotels lose clients but grow revenues
UK - Despite flattening occupancy rates, UK hotel revenues will increase by 6.2% in 2007—8, according to a report published by PricewaterhouseCoopers.
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Unite transfers UK student assets
UK - Student accommodation developer Unite has sold assets in Glasgow, Leeds and Bristol to its Unite UK student accommodation fund for £81.8m (€118m) in cash.
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Austrian prices ‘good for two more years’
AUSTRIA - Recovering office across European markets still offers yields as a sector no longer available in retail and industrial, according to property firm Matrix.
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Stunted supply boosts European retail
EUROPE - European pension funds are on a regional shopping spree motivated by a limited supply of new assets in low-risk markets, according to Aberdeen fund manager Nico Tates.
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News
Ohio Police & Fire sells separates
UNITED STATES - Ohio Police & Fire Pension Fund has voted to approve the transfer of seven separate account assets and move them into a commingled fund.
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Pennsylvania spends €200m in Europe
UNITED STATES - Pennsylvania Public School Employees’ Retirement System has increased its exposure to European real estate by committing a total of €200m to two commingled funds.
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Indiana PERF searches for core and REIT managers
UNITED STATES - The Indiana Public Employees Retirement Fund is now searching for real estate managers for core and REIT strategies through new RFPs.
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CalSTRS expands JV to $500m
UNITED STATES - California State Teachers Retirement System has expanded its real estate joint venture relationship with Pacific Coast Capital Partners by investing a total of $500m (€353m) into two ventures.
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San Diego City targets non-US real estate
UNITED STATES - San Diego City Employees Retirement System has approved its first ever targeted allocation for non-United States real estate investments.
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PropertyEU Archive
Hotel market more rational due to credit crisis
Although the recent credit crisis is expected to have a significant impact on the hotel real estate industry, it also served as a necessary corrective, according to Roger Barris, managing director EMEA at Merril Lynch International in London.
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PropertyEU Archive
HSH sees Russian RE market top EUR 3.2 bn in 2007
German bank HSH Nordbank said it expects investment volumes on the Russian real estate market to exceed $4.5 bn (EUR 3.2 bn) in 2007, up 42% on the $3.2 bn investment seen in 2006. The main growth has been on the office market, as well as in retail and logistics.
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PropertyEU Archive
Indians join EXPO REAL for first time
In a last-minute decision, three Indian exhibitors have decided to join the EXPO REAL trade fair which got underway yesterday in Munich, spokeswoman Petra Gagel said. ‘The Asian component is increasing. We already have some Asian representatives including the Koreans. Now we have the Indians for the first time as ...
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PropertyEU Archive
Rollovers likely as first non-listed property funds exit
The wave of assets expected to hit the European property market over the next few years, due to a peak in terminations of the first generation of non-listed real estate funds, is likely to be moderated considerably, according to a new report from Inrev, the European association for investors in ...
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PropertyEU Archive
Berlin sees upswing in housing market
The awaited upswing in Berlin’s housing market is beginning to take shape, according to a research report by GSW and Jones Lang LaSalle. The report says that the price trend for new rental contracts in now pointing up in eight of Berlin’s 12 districts. And purchase prices are going up ...
