Latest reports – Page 3631
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PropertyEU Archive
ICSC launches retail property school in Ukraine
The International Council of Shopping Centers (ICSC) is launching its first School for Professional Development in Ukraine. Following a similar exercise held earlier this year in Turkey, ICSC's John T Riordan International School for Professional Development, is now set to run at the Hyatt Regency Hotel in Kyiv from 5-9 ...
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PropertyEU Archive
Quinn launches shopping mall project in Russia
Privately owned Quinn Group, led by Ireland's richest man Sean Quinn, has acquired the 12,000 m[sup]2[/sup] Avrora shopping centre project in the Russia city of Ufa. The financial details were not disclosed but real estate analysts in Moscow suggested to the Irish Independent newspaper than the asset would have cost ...
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PropertyEU Archive
German hat-trick for Rowan
Rowan Asset Management has acquired two new properties in Germany - with a third in the pipeline - for EUR 20 mln. The properties, totalling 10,000 m2, are all in or around Bonn and let to national and multinational retailers for terms of 10 to 15 years. They were secured ...
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PropertyEU Archive
Redevco UK reveals line-up for Birmingham redevelopment
Redevco UK has confirmed the line-up for its retail redevelopment in Birmingham's Corporation Street, one of the city’s major shopping thoroughfares. Redevco, part of the COFRA holding, is to invest EUR 7.6 mln in the property, resulting in an end value of some EUR 36 mln.
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PropertyEU Archive
Benson Elliot jv acquires La Defense asset for EUR 100m
Benson Elliot Capital Management has teamed up again with Generale Continentale Investissements (GCI) to acquire Le Berkeley office building in La Defense, the financial district of Paris, for just over EUR 100 mln. Benson Elliot, the London-based private equity real estate firm launched by Marc Mogull, said the acquisition ...
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PropertyEU Archive
CGG, Commerzleasing form real estate asset manager giant
Germany's Commerzbank Group has merged its real estate units Commerz Grundbesitz Gruppe (CGG) and Commerzleasing und Immobilien to create one of the largest real estate managers and leasing providers in the world. The new company, Commerz Real, has about EUR 42 bn of assets under management, propelling it into third ...
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News
Ex-army ‘new town’ set for sale
UK - The UK government is to sell off decommissioned land earmarked for the development of a new town in southeast England.
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News
INREV data 'will make fees more transparent'
EUROPE - New guidelines have been published which are expected to increase the transparency of management fees for private property funds.
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News
IPD reveals global property outshone Europe
GLOBAL - Global real estate performed well last year, according to IPD figures published, delivering returns only slightly down on their 2005 peak.
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News
UK hotel buy bucks prime trend
UK - Deutsche Bank real estate subsidiary RREEF has bucked a trend towards international prime hotel acquisition by acquiring the Four Pillars Hotel Group, which has five mid-sector assets in Oxfordshire and Gloucestershire.
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News
US pension funds buy opportunity
UNITED STATES - Pension funds in the United States are investing more capital into commingled funds with opportunistic investment strategies.
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News
Berkshire trades direct property for fund
UK - The £1.4bn (€2.1bn) Berkshire pension fund has made a £15m investment into BlackRock's UK property fund.
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MagazineTwo cheers for the Europhiles
We see a refocus on Europe-specific markets; investors show a preference for German commercial; Belgium makes a blip on the radar, and Asia’s further interest is shown in strategic potential
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MagazineVenturing beyond the homestead
Founded in 1926, Zurich civil servants’ pension fund BVK now caters for nearly 90,000 members.
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MagazinePay dispute
A recent study of executive remuneration at UK property companies shows a limited link between pay and performance, Shayla Walmsley reports
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Magazine
Seize the opportunity
Despite the increasing transfer of new products to the market, further structural and cultural change is required. Joe Valente reports
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MagazineGreater significance
Large managers often tout their size as a selling point. Marketing puff or serious stuff? Adrienne Margolis reports
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PropertyEU Archive
Development Secs raises EUR 47m
Development Securities has raised EUR 47 mln through the issue of a 20-year unsecured subordinated loan note. The UK-listed property development and investment company said that the notes, quoted on the Channel Islands Stock Exchange, are redeemable anytime after five years at no additional cost. The company said it ...
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PropertyEU Archive
Depfa shareholders back EUR 5bn Hypo takeover
Germany's Hypo Real Estate Group has said that the approval of Depfa Bank's shareholders for a EUR 5 bn takeover is an important step in the creation of a large-scale provider of financing for commercial real estate and the public sector.
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PropertyEU Archive
Conwert to become a Societas Europa
Central European residential property developer Conwert Immobilien Invest plans to change its corporate structure into a Societas Europa (SE). It will request approval from shareholders at a special meeting in October. The company, which IPOed in November 2002, plans to set up a SE with a one-tier board system. After ...
