Latest reports – Page 3649
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News
CPP acquires Euro logistics
CANADA - The C$120bn (€83.5bn) Canada Pension Plan Investment Board has invested €400m in European distribution via a fund set up by US logistics firm ProLogis.
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News
Virginia adds to global REIT trend
UNITED STATES – Over $1bn (€750m) of pension funds has been committed to global REITs strategies over the last two weeks, following Virginia Retirement System’s decision to invest new money.
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News
UK property investors divest €8bn
UK - Institutional investors continued the exodus out of the UK domestic market in the first half of 2007, and became net sellers with divestments worth €8.7bn.
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News
Low returns fail to deter core pension fund investors
UNITED STATES – Some US pension funds are still willing to invest a portion of their capital in core real estate despite returns being at an all-time low, according to consultants Townsend Group.
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News
Ohio PERS to sell $1bn in real estate
UNITED STATES – Strong interest in real estate acquisitions has promoted Ohio Public Employees Retirement System to spend the remainder of 2007 working on the sale of $1bn (€741.2m) in real estate assets.
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News
CalPERS to rest capital in global hotels
UNITED STATES – California Public Employees Retirement System is planning to tap into the tourism trade next year with the development of a global hotel investment platform.
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News
Protego taps Almquist to head Nordic growth
SWEDEN - Protego Real Estate Investors has revealed it is expanding into the Nordic market with the appointment of Lars Almquist to head its new Stockholm office.
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News
Schroder hires ABP’s Bingen
EUROPE - Former ABP portfolio manager Rob Bingen will join Schroder Property in October as head of its €2.2bn European property multi-manager operation.
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PropertyEU Archive
Rodamco Europe issues last earnings report
While its direct result was negatively affected by one-off merger costs, Dutch property company Rodamco Europe has announced solid first-half results in its last earnings report as a separate company. Rodamco is being integrated into Unibail, France's largest real estate investment trust, which acquired the company earlier this summer. Rodamco ...
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PropertyEU Archive
Sonae Sierra H1 net rises to EUR 163m
Portugal-based international shopping centre developer Sonae Sierra has announced consolidated net profit for the first half of 2007 of EUR 163.7 mln, up 17% on the same period last year. A number of recent acquisitions of new shopping centres greatly influenced the company's results, together with an increase in value ...
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PropertyEU Archive
Segro buys Italian business park for EUR 84m
Segro, the UK REIT specialising in the provision of flexible business space across Europe, has entered Italy with the acquisition of a EUR 84.5 mln business park in Vimercate, to the northeast of Milan. Acquired from Europa Capital, a UK-based pan-European real estate investment management firm, the 70,689 m[sup]2[/sup] park ...
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PropertyEU Archive
Conwert set to sell 15% of its real estate
Vienna-listed property developer Conwert Immobilien Invest is to sell about 15% of its real estate assets in the coming years to benefit from strong investor demand in some of its core markets. The Austrian company said it will raise its annual real estate disposals from 10% over the last years ...
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PropertyEU Archive
Dekabank spends EUR 100m in Hamburg
DekaBank has acquired 94% of the shares in the Caffamacherreihe project in Hamburg on behalf of the WestInvest InterSelect fund for EUR 100 mln. The seller was Big Bau Investitionsgellschaft, a partnership between HSH Real Estate, the province's holding company and the Herbert Gerisch foundation. The development will comprise 23,000 ...
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PropertyEU Archive
Fabege signs Stockholm office leases
Swedish property company Fabege has signed significant leasing deals for office space at Regeringsgatan-Lästmakargatan in central Stockholm with Nordic investment bank Carnegie and life assurance and pension provider Max Matthiessen.
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PropertyEU Archive
Unibail-Rodamco HQ to move to Amsterdam
The new headquarters of Unibail-Rodamco is to be located at Amsterdam's Schiphol airport. The recently merged Franco-Dutch property giant intends to lease 2,500 m[sup]2[/sup] over three floors at the World Trade Center Schiphol from 1 October, according to CFO Peter van Rossum. Rodamco Europe's head office in Rotterdam is ...
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PropertyEU Archive
Union Investment purchases Kiel mall for EUR 50m
Union Investment Real Estate has purchased the Quer-Passage passage in the German city of Kiel from HSH N Real Estate for EUR 50 mln. The property which was extensively refurbished by HSH over the last 15 months comprises 6,400 m[sup]2[/sup] of retail and 4,600 m[sup]2[/sup] of office space. The retail ...
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PropertyEU Archive
Vastned Retail buys back 218,000 shares
Rotterdam-based property company Vastned Retail has repurchased a total of 218,363 shares, at an average price of EUR 55.23 each, during the week from 17 August when it launched a share buyback scheme to support the direct investment result per share. Just over 160,000 shares were purchased at EUR ...
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PropertyEU Archive
Deutsche REIT announces EUR 33m turnover
Listed German property company Deutsche REIT, formed last year as a strategic realignment of the operations of Dolerit-Basalt, has announced turnover figures of EUR 33.2 mln for the first half of this year, no less than EUR 32.7 mln up on the same period last year. The company is now ...
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PropertyEU Archive
Vib expands portfolio in Bavaria
Vib Vermogen, a commercial real estate company active in the south of Germany, has acquired five fully-let properties and a 12,400 m[sup]2[/sup] plot of land in Bavaria for an investment volume of just over EUR 31 mln. Vib said it expects the properties to provide EUR 2.6 mln in rental ...
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PropertyEU Archive
Caja Madrid snaps up Torre Repsol for EUR 815 m
Spanish bank Caja Madrid has bought Madrid’s 250-metre high Torre Repsol building for EUR 815 mln.
