Latest reports – Page 3652
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PropertyEU Archive
CPP invests EUR 396m in Prologis fund
Canada's CPP Investment Board has invested CAD$570 mln (EUR 396 mln) in Prologis European Fund II, a vehicle that buys and manages distribution facilities in Europe. The investment by Canada's second-largest pension fund manager represents about 17% of the Prologis fund.
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News
CalPERS considers major real estate emigration
UNITED STATES – The California Public Employees Retirement System is thinking of expanding overseas and moving its international real estate allocation from its current 20% level to a 50% weighting.
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News
Morley set for European growth
EUROPE – Morley is looking to boost its business in Europe further with 'more people on the ground' and a potential eastward expansion of its property business.
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News
Neste scheme may invest abroad
FINLAND - The Finnish Neste Oil pension fund said it is considering investing outside its domestic property market as it looks towards completion of three new buildings in Keilaniemi, Espoo, to house its sponsor.
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News
Brussels yields remaining deals
BELGIUM - ING Real Estate has entered the Brussels office market with the €22m acquisition of two recently refurbished and fully-let prime office buildings.
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'Strategic' greenfields tap into residential potential
UK – Pension funds seeking slightly higher returns on real estate portfolios are being encouraged to turn their attention to ‘strategic land’ investments in greenfield developments.
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News
Allianz raises €1.3bn in IVG leaseback
GERMANY – IVG Immobilien, Germany’s biggest listed property firm, has acquired €1.3bn worth of office properties in Germany from insurance giant Allianz to be included in an upcoming German real estate investment trust (G-REIT).
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News
Oregon PERF to increase real estate presence
UNITED STATES - Oregon Public Employees Retirement Fund has moved its targeted allocation for real estate from 8% to 11%, giving the pension fund an extra $1.8bn (€1.3bn) of new capital to invest.
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News
More US pension fund capital heads for global REITs
UNITED STATES - Massachusetts Pension Reserves Investment Management Board and Wisconsin State Investment Board have become the latest pension funds in the United States to plan a global REIT strategy.
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News
Illinois Teachers schools overseas growth
UNITED STATES - Teachers’ Retirement System of the State of Illinois is close to reaching its international real estate allocation as the fund has now approved a further three investments totaling $250m (€184m) into commingled funds.
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PropertyEU Archive
Ukrainian summit adds special retail focus
The 2nd International Ukrainian Real Estate Summit in November features a special day-long focus on retail real estate in recognition of the fact the country boosts one of the fastest growing retail markets in Central and Eastern Europe. Other innovations include an interactive debate on the respective roles of the ...
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PropertyEU Archive
Miller Developments to build German retail park
Miller Developments is planning to build a retail park in Germany after acquiring a 2.5-hectare site in Hassloch for an undisclosed amount. The commercial development arm of UK-based Miller Group has entered into a joint venture with local developer Prebag for a 8,000 m[sup]2[/sup] project on the site. The scheme ...
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PropertyEU Archive
Foreign investors buy Tunisian hotels
Saudi group MBI International and Libya's Layco have purchased the five-star Hotel Africa in the centre of Tunis for EUR 43 mln, Tunisia's tourism ministry has announced. The 189-room hotel is part of the El Mouradi hotel chain owned by Tunisian entrepreneur Neji Mehiri. MBI International, owned by Sheikh ...
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PropertyEU Archive
GPT Halverton acquires distribution centres
GPT Halverton has acquired three fully-let logistics and distribution properties in Germany on behalf of its EB8 fund. The acquisition price was not disclosed. The assets, with a total floor space of 11,700 m2, are in the towns of Steinfurt (near Münster), Henstedt-Ulzburg (near Hamburg) and Uhingen (near Stuttgart).
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PropertyEU Archive
Retail development gathers pace in Bulgaria
The pace of shopping centre development has picked up in Bulgaria, according to a new report by property advisor Colliers International. Projects with more than 138,000 m[sup]2[/sup] of gross lettable area (GLA) went into development in the first six months of the year alone, adding to the 60,000 m[sup]2[/sup] already ...
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PropertyEU Archive
Hotel finance goes under the microscope
'Who is buying hotel risk' and 'how are the deals being financed' are two of the key issues to be debated at the seventh annual European Hotel Finance & Investment summit in London next month. Over 150 professionals, hotel owners, operators as well as investors, advisors and financiers have already ...
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PropertyEU Archive
Quintain Estates gets go-ahead at Wembley
Quintain Estates & Development has received the green light to develop a 10-storey mixed-use property at its Wembley regeneration project. The 57,000 m[sup]2[/sup] project, valued at £230 mln, will include a 441-bed Hilton hotel, a student hall of residence, five housing units and around 8,000 m[sup]2[/sup] of retail space.
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PropertyEU Archive
Orco acquires office building in Prague
Orco Property Group has bought the administrative building Skoda Palace in the sixth district of Prague from an undisclosed foreign investor, and plans to reconstruct the entire property as A Class office space. Skoda Palace is an administrative building dating back to 1991, which is currently occupied by the Skoda ...
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PropertyEU Archive
Carrefour withdraws from Switzerland
French retail giant Carrefour is withdrawing from the Swiss market after failing to meet its growth targets in the Alpine country. As part of the retreat, Carrefour is selling its 50% stake in hypermarket operator Distributis to retailer Coop for EUR 287 mln. 'With 12 hypermarkets and 1.1% market share, ...
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PropertyEU Archive
Portillo buys an extra EUR 314m of Colonial shares
Luis Portillo, the chairman and largest shareholder of Spanish real estate company Colonial, has raised his stake in the company to just under 40% by acquiring a further EUR 314 mln worth of shares. According to a statement sent to the stock market regulator CNMV, Portillo's investment vehicles purchased ...
