Latest reports – Page 3640
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PropertyEU Archive
Savills sees credit crunch affecting investment market
International property consultant Savills has added its voice to a growing chorus of warnings about the impact of the credit crunch on the real estate sector. Tightening credit markets are affecting transaction volumes in the commercial investment markets, primarily in the UK, the property advisor said.
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PropertyEU Archive
Balfour Beatty awarded EUR 200m UK hospital project
British engineering and construction group Balfour Beatty has announced that its specialist concession unit Consort Healthcare has been awarded a £136 mln (EUR 200 mln) contract to redevelop Salford Hospital in Greater Manchester. Due to open in 2012, the development will involve 36,000 m[sup]2[/sup] of new accommodation and the refurbishment ...
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PropertyEU Archive
F&C buys London office property
F&C Property Asset Management has purchased the freehold of 140-144 Leadenhall Street in London on behalf of Friends Provident Life Assurance. The grade 2 listed building was acquired from Navon Properties for £32 mln (EUR 47 mln), reflecting an equivalent yield of 4.9%.
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PropertyEU Archive
Cordea Savills completes acquisition of German retail portfolio
Cordea Savills, the European property fund manager, has completed the acquisition of a city centre retail portfolio for a combined price of EUR 54 mln in Southern Germany. As reported in PropertyEU last week, the portfolio comprises six assets located in the mid-sized cities Giengen, Offenburg, Tuttlingen, Weinstadt and ...
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PropertyEU Archive
Pirelli RE outperforming its growth and expansion forecasts
Pirelli Real Estate has reported revenues of EUR 812 mln for the first half of 2007, up 21% on the same period last year. Pre-tax earnings including net income from investments performed even better, up 36% to EUR 125 mln. Consolidated net income rose by 14% to EUR 80 mln, ...
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PropertyEU Archive
ICSC introduces Europe to US-style deal making
The International Council of Shopping Centers (ICSC) has said it will stage the first ever pan-European event early next year designed to bring retailers and developers together to make deals. ‘Retail Connections’, to be held at ExCel in London on 29 January 2008, is described as a meeting space facilitated ...
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PropertyEU Archive
Joint venture buys into Russian logistics
A consortium of Deutsche Bank, AIG Global Real Estate, and the Redwood Group has completed the acquisition of a massive logistics portfolio in the greater-Moscow region from private property company Capital Partners for an undisclosed amount. The portfolio encompasses more than 200,000 m[sup]2[/sup] of existing space, as well as development ...
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PropertyEU Archive
Neinver to invest EUR 300m in Poland
Spanish real estate company Neinver has said it will develop some 350,000 m[sup]2[/sup] of real estate in the major Polish cities over the next five years. The company plans to invest more than EUR 300 mln in the development projects. Neinver will spend the bulk on the first two projects ...
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PropertyEU Archive
Magnat makes first investment in Georgia
Magnat Real Estate Opportunities, the German property developer focused on Eastern Europe, has made its first investment in Georgia. Together with a local partner and another co-investor, it has acquired a 20,136 m[sup]2[/sup] plot of land in the Georgian capital Tblisi. Magnat and its partners plan to construct a speciality ...
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PropertyEU Archive
Inrev fund index outperforms IPD
The growing number of value-added and opportunistic investment-style institutional non-listed real estate funds launched in Europe combined with the influence of these two styles has resulted in the industry increasing its out-performance relative to the underlying direct property market, according to the latest Inrev Quarterly Research Report.
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PropertyEU Archive
Beni Stabili launches SIIC conversion plan
The board of Italian real estate company Beni Stabili has approved a plan to facilitate the company's adoption of SIIQ status, the Italian equivalent of a real estate investment trust. As part of the plan, Beni Stabili has approved a series of mergers with its subsidiaries Sviluppi Immobiliari, Beni Stabili ...
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News
Slack debt deals undermine 'safe' infrastructure - S&P
GLOBAL - Infrastructure investors could find themselves saddled with underperforming assets and the banks that funded them with “paralysed” debt, according to a report published by ratings agency Standard & Poor’s.
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News
Futures present for listed property
FRANCE - Launch of two European futures contracts on the Paris derivatives market will give investors “cost-effective, simple and efficient” exposure to listed property, according to Liffe, Euronext’s London-based derivatives business.
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News
Finland remains 'Nordic property capital'
FINLAND - Finnish real estate still offers pension funds credible property investment opportunities despite the small size of the market, according to Aberdeen fund manager Pertti Verhanen.
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News
Canada pension fund targets Kiwi airport
CANADA - The Canada Pension Plan Investment Board (CPPIB) is bidding for a 49% stake in the Auckland International Airport (AIAL) group, as part of a strategy to target long-term holdings in infrastructure assets.
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News
Lothian pension tenders its real estate
UK – Lothian pension fund is reviewing its real estate investment manager and searching for a firm to handle the fund’s asset allocation.
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News
US pensions follow Mexican residential trail
UNITED STATES - More pension fund capital is being ploughed into the Mexican real estate market and heading for retail and ‘single family home’ developments, according to property investment firm ING Clarion.
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News
ECP to extend retail centres
EUROPE - The €2.2bn investor EuroCommercial Properties is increasingly focusing on extending its existing centres to improve its competitive position in a pressured property markets.
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News
US Colony seeks infrastructure with Challenger
UNITED STATES - Australian-based Challenger Financial Services Group Limited has formed a strategic relationship with Los Angeles-based Colony Capital to invest in real estate and infrastructure in the US, Europe and Asia.
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News
Pension funds approach target allocations
UNITED STATES – Less new pensions capital is likely to be invested in real estate over the coming months as many US pension funds are now approaching their real estate allocations.
