Latest reports – Page 3626
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PropertyEU Archive
Aberdeen wins first UK property mandate
Aberdeen Property Investors has been appointed by GM Investment Trustees to manage a portfolio of UK commercial properties valued at EUR 187 mln. This is the first UK property mandate awarded to Aberdeen following the re-establishment of its UK property operation with a seven-person team in June 2007.
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PropertyEU Archive
Marbleton, Storm agree EUR 140m Russian office venture
The Marbleton Property Fund has formed a joint venture with Moscow-based Storm Properties to develop a 100,000 m[sup]2[/sup] suburban office park on the outskirts of the Russian capital The joint venture recently acquired a nine-hectare land plot for the project, according JER Partners, which along with Russian private equity ...
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PropertyEU Archive
Magnat adds to German commercial and residential portfolios
German-based property company Magnat Real Estate Opportunities has added new acquisitions to two of its German portfolios but stresses it will continue to focus on Eastern Europe.
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PropertyEU Archive
Fadesa sells EUR 118m in assets
Spanish real estate company Fadesa Immobiliaria has sold hotels and land plots to firms linked to Fadesa's former chairman Manuel Jove for EUR 118 mln. In a statement to Spanish bourse regulator CNMV, Fadesa said six hotels across Spain were sold for just over EUR 30 mln and the land ...
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PropertyEU Archive
GPT Halverton makes new acquisitions in Germany
UK-based pan-European real estate investor GPT Halverton has announced that it has made a series of new commercial property acquisitions in Germany. The firm invested about EUR 8.8 mln in the purchase of two office properties in Strasbourg, France, the German border of Offenburg and Puchheim on the outskirts of ...
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PropertyEU Archive
Degi buys EUR 160m Finnish office portfolio
German property fund Degi announced its first move into Finland this week by acquiring a portfolio of five office buildings in Helsinki totalling 59,482 m[sup]2[/sup] for EUR 159.7 mln. The vendor is Finnish insurer Veritas. Degi managing director Malcolm Morgan said that the portfolio would give the fund fast and ...
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PropertyEU Archive
Hypo RE provides EUR 149m financing for two deals
Hypo Real Estate Bank International has announced two major property-financing deals this week. The first involves the provision of EUR 60 mln across three investment facilities to unnamed international clients of Strategic Real Estate Investors, with the final transaction completing on 21 September. Strategic's clients are using the facilities to ...
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PropertyEU Archive
Echo enters Romania to develop EUR 100m mall
Polish-based Echo Investment has continued its expansion in Central and Eastern Europe by entering Romania to develop a 100,000 m[sup]2[/sup] shopping and entertainment centre project in the city of Brasov in the Southern Carpathians. Echo's subsidiary in Bucharest has signed an agreement for the purchase of a 4-hectare site in ...
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PropertyEU Archive
AIB Capital Markets raises EUR 200m for new Polish fund
Irish investment firm AIB Capital Markets (AIBCM) has announced the closure of the fundraising stage for its Polonia Property Fund II, having exceeded its equity target. AIBCM and its wholly-owned Polish subsidiary, AIBPPM, successfully raised EUR 200 mln in equity, which will be leveraged to provide a fund total of ...
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PropertyEU Archive
Blackrock, Total Produce team up for Dublin project
Blackrock International Land has formed a new 50:50 joint venture with Irish fresh fruit provider Total Produce to acquire 55 hectares of land in Dublin for EUR 25 mln. The lands are located at The Ward in North County Dublin, close to the new N2 motorway.
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PropertyEU Archive
Kofi Annan, Queen Noor to address ULI meeting
Thousands of real estate industry executives will gather in Las Vegas from 23 to 26 October for the Urban Land Institute's annual Fall Meeting. In addition to over eighty development and investment sessions, nine mobile workshops, international investment sessions, the ULI/Stan Ross Real Estate Trends Conference, seminars and networking opportunities, ...
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News
Pension funds "ready for Russian real estate"
RUSSIA - Pension funds – at least Nordic ones – are ready to invest in Russian real estate, having overcome earlier reluctance concerning the complexity of the market, according to Ole Dall-Hansen, chief executive of Aberdeen Property Investors Eastern Europe.
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News
Land of Rising Sun is still Asian favourite
JAPAN - Japan continues to dominate core Asian real estate despite the emergence of investible real estate markets in more volatile regional economies.
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News
CalPERS feeds $500m to Dragon
UNITED STATES - CalPERS is adding a further $500m to its existing $3bn invested in Asia real estate, via a local fund focused on mature regional markets and China, while the same amount will be placed in commingled funds.
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News
Private equity to overtake property in alternatives race
GLOBAL - Pension funds will allocate more to private equity than to real estate over the next three years, according to a survey published by Citigroup.
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News
Shareholders vote to keep F&C trust open
UK – Investors in the F&C Commercial Property Trust have voted overwhelming for the continuation of the company, despite an earlier drop in its performance.
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PropertyEU Archive
50 Russian companies to attend Expo Real
Over 50 exhibitors from the Russian Federation are to be represented at the 10th Expo Real in Munich next week - the largest ever delegation from the region. Compared to 2006, this is a 25% increase in participation by the Russian Federation, according to Messe München International (MMI), the organiser ...
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PropertyEU Archive
DDC buys four more properties in Central Europe
Dawnay Day Carpathian (DDC), the fund management arm of the London-based Dawnay Day Group, is adding to its Central and Eastern European portfolio with a purchase of four properties from Austrian-based MID group for EUR 67.7 mln. Two of the properties are in the Czech Republic - a 22,000 m[sup]2[/sup] ...
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PropertyEU Archive
Union Investment to increase foreign investment
Union Investment, one of Germany's leading open-ended funds, plans to boost the level of new investment to between EUR 1 and EUR 2 bn annually in the next few years with a growing focus on shopping centres. This year new investment is set to hit around EUR 1.5 bn compared ...
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PropertyEU Archive
Segro buys business space in Dusseldorf
London-listed Segro, one of Europe's biggest providers of flexible business space, has acquired a 161,000 m[sup]2[/sup] site on the outskirts of Dusseldorf for EUR 18.8 mln. It was purchased from Scandinavian forest products company Stora Enso. The current factory will close by the end of the year and the buildings ...
