Latest reports – Page 3635
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PropertyEU Archive
Kungsleden acquires 43 assets in Sweden
Swedish property company Kungsleden is acquiring 43 properties from the municipality of Swedish town of Harnosand for EUR 98 mln. The properties include retirement homes, pre-school buildings and schools. Kungsleden describes itself as a frontrunner in the trading and managing of special requirement properties in Sweden.
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PropertyEU Archive
Varna Logistics gets loan to revamp park
Varna Logistics has procured a EUR 22 mln loan facility to fund the development of its 132,500 m[sup]2[/sup] logistics park in Varna, the third largest city in Bulgaria. The park is the company's sole asset. Varna Logistics was bought in October 2006 by Bulgarian Property Developments (BPD) and FairPlay Commercial ...
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PropertyEU Archive
International investors purchase EUR 170m portfolio in Cologne
Cologne-based real estate company Lammerting has sold a property portfolio to international investors for EUR 170 mln. The portfolio, consisting largely of buildings in Cologne's technology park, was sold in August, German property newspaper Immobilien Zeitung reported. Udo Lammerting said his company got its timing right, as such a deal ...
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PropertyEU Archive
Inrev outlines fee metrics guidelines
The European Association for Investors in Non-Listed Real Estate Vehicles (Inrev) has launched new guidelines on the disclosure of fee structures for private institutional property funds, which aim to increase transparency and facilitate the comparison of fund structures.
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PropertyEU Archive
Polis Fondi acquires Italian logistics portfolio
Italy's Polis Fondi has bought four logistics buildings in Italy from Cogefin. The acquisition price of EUR 20 mln reflects a net yield of 7.25%. The properties are located in Trezzano sul Naviglio near Milan, Crespellano near Bologna, Santa Maria di Sala near Verona and Sassari in Sardinia. The assets, ...
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PropertyEU Archive
Westbrook shops near Paris
Westbrook Partners has bought some 10,000 m[sup]2[/sup] of office space in the Charras office tower in Courbevoie, near Paris. The property, which also includes some 150 parking spaces, will be fully refurbished by Newstone Management. Delivery is scheduled for October 2008. The financial details of this transaction were not diclosed. ...
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News
F&C property trust to decide whether to quit
UK - Negative investor sentiment towards UK property has driven the F&C Commercial Property trust to convene an extraordinary general meeting (EGM) to decide on its own future.
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News
REITs ‘waiting for long-term investors’
UK - Critics of the poor performance of UK REITs since their launch in January are failing to understand they’re a long-term investment, according to Dave Butler, programme coordinator at UK-based campaigning group REITA.
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News
Pension funds to bankroll public projects
GLOBAL - Governments will compete to harness private sector infrastructure investment over the next decade, according to a report published by Ernst & Young.
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News
Investors turn to active management
EUROPE - Investors will increasingly opt for active management as “indiscriminate yield compression” in Europe ends, according to Aberdeen Property Investors.
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MagazineA cast-iron case
Property has a vital role to play in adding to the diversification of a pension fund portfolio, as Mark Long and Tim Francis report
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News
San Bernardino eyes structured finance over Asia
UNITED STATES - San Bernardino County Employees’ Retirement Association has expanded its real estate investment program to the Asian markets for the first time by investing $40m (€28.9m) in two commingled funds but is now turning attention to the structured finance sector.
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News
Investment managers supply industrial property access
UNITED STATES - Real estate managers looking after major US pension funds' assets are still seeking large industrial deals to accommodate the local pensions market.
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News
Montana State grows international focus
UNITED STATES - Montana State Board of Investment has increased its exposure to international real estate with committing capital to two new commingled funds.
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PropertyEU Archive
Grainger acquires EUR 69m London portfolio
UK residential property owner Grainger has announced the acquisition of all the shares of The Tilt Estate Company, which owns over 300 residential units in London, for £48 mln (EUR 69 mln). The company was purchased from Wainford Holdings, and the transaction was funded from existing facilities.
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PropertyEU Archive
Babcock, GPT sell EUR 230m German portfolio
A joint venture of Babcock & Brown and the Australian GPT Group has sold a mixed-use portfolio including 37 retail and office assets across Germany. The acquisition price comes to some EUR 230 mln. The properties have been bought from two Luxembourg-based real estate companies owned by UBS. Colliers Schauer ...
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PropertyEU Archive
Chagala buys more land in Atyrau
Kazakh real estate developer and operator Chagala Group has announced that it has acquired 8,000 m[sup]2[/sup] of land in Atyrau, completing the land purchase phase for a mixed-use complex planned by the company in the heart of this major city in western Kazakhstan. The planned complex will consist of apartments ...
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PropertyEU Archive
Metrovacesa to invest EUR 1.4 bn in City of London property
Spanish real estate company Metrovacesa will invest up to EUR 1.4 bn to 2015 to acquire and redevelop a 88,000 m[sup]2[/sup] office complex in the central financial district of the City of London. Metrovacesa said in a statement that it has agreed to buy the Walbrook Square complex from London ...
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PropertyEU Archive
Parkridge opens its first Polish mall
Pan-European commercial property developer has opened a 42,000 m[sup]2[/sup] shopping centre in Rybnik, Poland. The scheme is the first of six Polish centres to be opened in under the Focus Park brand, and is fully let to retail tenants including C&A, Orsay, Alma and Vistula and the cinema operator Multikino. ...
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PropertyEU Archive
Norwegian Property, Aberdeen wrestle for Norgani
Oslo-based Norwegian Properties has increased its offer for Norgani Hotels to NOK 91 (EUR 11.60) per share, valuing the fifth largest hotel owner in Europe at EUR 462 mln. The enhanced offer for the Oslo-based hotel company is being tabled through single-purpose vehicle Oslo Properties. The new bid represents a ...
