Latest reports – Page 3645
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News
Infrastructure to draw more pension capital - RREEF
UNITED STATES - More US pension fund investment capital is heading for infrastructure, according to a research report issued by RREEF.
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News
North Dakota State shifts core capital to value-added
UNITED STATES - North Dakota State Investment Board has decided to move a portion of its capital originally invested in core real estate and move it into the value-added real estate bucket.
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News
San Joaquin County considers real estate rise
UNITED STATES - San Joaquin County Employees’ Retirement Association is thinking of increasing its exposure to real estate to as much as a tenth of its assets.
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News
CalPERS and MacFarlane bet big on the capitol
UNITED STATES - California Public Employees Retirement System and MacFarlane Partners have formed a venture which could build a real estate portfolio worth $10bn (€7.3bn) in the greater Washington DC region.
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News
Closed-end real estate feels UK pricing pressure
UK – Investment trust managers predict UK investors will increasingly turn to overseas real estate to seek diversification in a weakening domestic market.
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News
EU institutions drive Brussels boost
BELGIUM - Brussels is the new Berlin, International Real Estate (IRE) indicated when it announced a sharper focus on value-added opportunities in Brussels real estate.
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News
Carrefour to spin off property
FRANCE - French retailer Carrefour is to offer 20% of its €24bn property portfolio to “strategic institutional real estate partners” and other investors, including pension funds.
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News
Corio to divest office and industrial portfolios
EUROPE - The €6bn property investment company Corio has decided to explore the divestment of a major part of its offices and industrial portfolios, and to further focus on its retail activities.
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News
UK schemes wake up to residential
UK - UK pension funds need to catch up with their continental counterparts and ditch outmoded perceptions of domestic residential, according to Quinton Hill-Lines, managing director of fund management at Grainger.
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News
ABP to sell office fund KFN
NETHERLANDS - The €211bn civil service scheme ABP is considering selling at least part of its offices investment fund KFN, in order to further diversify its overall portfolio.
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PropertyEU Archive
Goodman strengthens position in logistics 'hotspot'
Goodman has signed an agreement to purchase 22 hectares of land in the logistics 'hotspot' of Venlo in the Netherlands. In a statement, the integrated industrial real estate group said the plot at Venlo Trade Port Noord will be purchased in three stages from the municipality of the south-eastern Dutch ...
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PropertyEU Archive
OVG, MDG to develop EUR 400m mall in Tilburg
OVG Projectontwikkeling and MDG Europe Management signed an agreement with the local government of Tilburg on Monday for a new 100,000 m[sup]2[/sup] 'mega mall' in the southern Dutch city. It is estimated the investment volume will be in the region of EUR 400 mln.
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PropertyEU Archive
Glitnir to take over property investor BSA
Icelandic back Glitnir said on Monday it is buying BSA, a property investment manager in Norway and Germany, and will combine it with its own real estate unit. The merged group will have EUR 2.7 bn worth of property under management.
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PropertyEU Archive
Hypo arranges financing for LaSalle IM
Hypo Real Estate Bank International has arranged a EUR 26.7 mln investment financing and payment guarantee facility to a fund managed by LaSalle Investment Management. The fund will use the facility to guarantee and finance the acquisition of an eight-storey office building located at 46 rue la Boétie in the ...
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PropertyEU Archive
De Pauw family increases stake in WDP
The Jos De Pauw family has said it increased its shareholding in the Belgian semi-industrial property investment company Warehouses De Pauw to 30.02% on 31 August, confirming the family's position as the company's reference shareholder. In doing so, the De Pauw family increased their share in WDP to over 30% ...
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PropertyEU Archive
Redevco Europe, EMCT join forces in Romania
Redevco Europe is setting up a joint venture with EMCT Romania, a developer in the Romanian real estate market. The new company, to be named Romanian Retail Developments (RRD) will begin operations at the end of this month. Redevco plans to invest more than EUR 500 mln in the country ...
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PropertyEU Archive
PIK acquires Russian commercial developer
Russian residential property developer PIK Group has taken a controlling stake in Storm Properties, a real estate company in the commercial sector, for an undisclosed sum. The terms of the transaction also allow PIK an option to purchase a further 25% of Storm in three to five years´ time. Storm ...
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PropertyEU Archive
GPT Halverton spends EUR 289m on Dutch assets
GPT Halverton has completed the purchase of a 230,000 m[sup]2[/sup] mixed portfolio in the Netherlands for EUR 269 mln. The portfolio comprises 21 office properties (87,000 m2) and 18 industrial complexes (143,000 m2) sold by IEF Capital, a joint venture between Bouwfonds Asset Management and the Inflation Exchange Fund (IEF).
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PropertyEU Archive
Kungsleden invests in German retirement homes
Sweden's Kungsleden is collaborating with Residenz Gruppe of Germany on the construction of eight retirement home properties in Germany. The first is due to be completed by the end of this year, with the remainder completing during the course of 2008. The investment will total around Skr 490 mln (EUR ...
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PropertyEU Archive
Eurobank Properties shops in Romania, Athens
Greek Eurobank Properties REIC has agreed to purchase a Romanian company that owns a 9,000 m[sup]2[/sup] retail building development. The property is located in Iasi, north-eastern Romania, and is pre-let to SC Praktiker Romania on a guaranteed 15-year lease agreement. The acquisition price comes to EUR 15 mln. Eurobank Properties ...
