Latest reports – Page 3629
-
News
Thomas Properties goes green
UNITED STATES - Thomas Properties Group has formed its first green investment fund as pension funds are now turning their attentions to sustainable real estate investments.
-
News
New Jersey tries on separates
UNITED STATES - The New Jersey Division of Investment is shifting into the use of real estate separate accounts and has hired General Motors Investment Management for a $150m (€106.4m) equity mandate.
-
PropertyEU Archive
Aberdeen launches EUR 1.5 bn Russian fund
Aberdeen Asset Management has set up a new commercial property fund to invest up to EUR 1.5 bn in the Russian property market. The UK fund manager plans to raise EUR 500 mln of equity for Aberdeen Property Fund Russia, its fourth new investment vehicle this year.
-
PropertyEU Archive
Goodman's Eurozone fund of funds returns 9.6% in first half
Goodman Property Investors, the investment unit of the real estate group Goodman, said on Thursday that its Eurozone fund of funds has posted a return of 9.6% from the end of last year, and is on its way to meet the targeted 10% return per annum. In 2006, Goodman raised ...
-
PropertyEU Archive
Sonae Sierra opens EUR 54m mall in Portugal
Portuguese property firm Sonae Sierra said it has opened its EUR 54.3 mln shopping centre development in the northern Portuguese town of S. Joao da Madeira. The 30,477 m[sup]2[/sup] centre is an expansion of the existing Modelo shopping centre. The opening of the new development brings Sonae Sierra's total number ...
-
PropertyEU Archive
Banks, Zara boss bid for Santander's real estate
Deutsche Bank, Goldman Sachs and Inditex chairman Amancio Ortega have reportedly made bids for all or parts of the EUR 4 bn real estate portfolio that Spanish bank Santander put on the market this summer to fund its offer for Dutch peer ABN Amro.
-
PropertyEU Archive
AIB buys Warsaw outlet centre for Polish fund
Irish investment firm AIB Capital Markets and its wholly-owned unit AIBPPM have acquired The Fashion House Outlet Centre, a designer outlet centre in Warsaw. The outlet centre is the first property acquired for AIB Capital Markets' second Polish property fund, Polonia Property Fund II Limited. The acquisition price was not ...
-
PropertyEU Archive
Greece's Terna to build EUR 123m mall in Sofia
Greek developer Terna is to build the 'Hermes Park Sofia' mixed-use complex in Sofia for an investment value of EUR 123 mln. The project will be developed on a 54,000 m[sup]2[/sup] site owned by Carrefour Bulgaria and will consist of five buildings including a shopping and entertainment centre and an ...
-
PropertyEU Archive
Kungsleden negotiating EUR 541m divestment
Listed Swedish property company Kungsleden is to sell a SEK 5 bn (EUR 541 mln) portfolio of commercial property to Norwegian asset manager Orkla Finans Kapitalforvaltning. Kungsleden said on Thursday that a letter of intent had been signed to give the Norwegian company the exclusive right to conduct due diligence ...
-
PropertyEU Archive
Golden Tulip changes strategy in the UK
Golden Tulip Hospitality intends to purchase hotel assets directly in the UK, now that 15 of its hotels and developments have been sold to Whitbread. The hotel group is making an initial sum of £50 mln available for acquisitions in the UK, where it expects 20 Tulip Inns and 10 ...
-
PropertyEU Archive
Aedes fund buys EUR 14m Milan property
Italian property firm Aedes BPM said its closed-end investment fund Investietico had acquired a commercial and office building in Milan for EUR 13.8 mln. The building was sold by Rreef Fondimmobiliari on behalf of its Piramide Globale closed-end investment fund.
-
PropertyEU Archive
Redilco RE, Inpartner sign first leasing at Buondi
Italy's Iniziative Milano Ovest, a joint venture between Redilco Real Estate and Inpartner, has reached agremeent with Modisti on the leasing of 14,000 m[sup]2[/sup] of space at the newly-developed Buondi business park in Cornaredo, near Milan. The Buondi site was previously an industrial area. The joint venture bought the site ...
-
PropertyEU Archive
PERP invests EUR 82m in Prologis fund
Listed property firm Prologis European Properties (PERP) has invested EUR 82.35 mln in Prologis European Property Fund II. The investment was fully funded from existing credit facilities. PERP plans to invest a total of EUR 900 mln in the fund, which is targeting total investment of EUR 3 bn.
-
PropertyEU Archive
Rugby Estates buys JRPA Properties
Rugby Estates Investment Trust has purchased the entire issued share capital of JRPA Properties (JRPA) from private investors for almost 18 mln (EUR 26 mln). The deal is the second aquisition by the UK company following the completion of its £50 mln placing on London Stock Exchange in May 2007. ...
-
PropertyEU Archive
SEB Immoinvest buys EUR 125m Dutch portfolio
SEB Asset Management has bought an office portfolio in the Netherlands for EUR 125 mln. The portfolio provides some 40,400 m[sup]2[/sup] of space and was acquired from Eurocommerce in an off-market transaction on behalf of the fund SEB Immoinvest.
-
PropertyEU Archive
Sistema-Hals sees H1 revenues rise 21.7%
Russian property firm Sistema-Hals has reported that its first-half revenues came in at $130 mln (EUR 92 mln), a rise of 21.7% on the same period in 2006. The company also reported a consolidated net loss of almost $100 mln, as operating expenses increased to $222 mln from $ 64.6 ...
-
PropertyEU Archive
IVG places EUR 1.35bn in syndicated loans
German property investor IVG Immobilien has secured EUR 1.35 bn in syndicated loans, replacing its current facilities of EUR 750 mln. IVG said the new seven-year facility is equally split between a term loan and a revolving credit facility. They replace IVG's EUR 750 mln syndicated facilities signed in July ...
-
News
RREEF expects US cap rates to climb
UNITED STATES – RREEF has predicted cap rates on the purchase of existing US properties will rise by 50 basis points by the end of 2007.
-
PropertyEU Archive
MWB optimistic for future despite pretax losses
Marylebone Warwick Balfour Group, which owns majority stakes in luxury retailer Liberty and office space provider MWB Business Exchange, slipped to a first-half pretax loss. However, company chairman Eric Sanderson said the indications were extremely promising for the second half of 2007. MWB's pretax loss for the six months to ...
-
PropertyEU Archive
MEL hires Merrill Lynch for structural review
Meinl European Land (MEL) has hired investment bank Merrill Lynch to come up with comprehensive measures to revamp the company's corporate structure, strategy and capital markets standards. The Jersey-registered property company said it will pay particular attention to corporate facts, tax legislation and existing contractual obligations, and added that the ...
