Latest reports – Page 3660
-
News
Pension funds prompt access to Skandia property
UK – Skandia is adding an institutional share class to its Global Property Securities fund as pension funds are demanding the ability to invest in it. Ryan Hughes, fund manager at Skandia Investment Managers Limited (SIML), said pension fund...
-
News
Boston purchase adds to DTZ global expansion
UK-US - DTZ, the property advisory firm, is to acquire Boston property brokerage FHO Partners in a bid to broaden its global platform. The three-stage deal involves an initial payment of £2m (€4.2m) for the right to acquire the Massachu...
-
News
ING Clarion seeks healthy gains in medical push
UNITED STATES - ING Clarion Partners is looking to invest at least $200m (€146m) in the medical office building sector in the next several years as the firm believes returns are 1% better than in traditional offices. At this stage, capital ...
-
News
NY State Teachers adds CMBS in $634m commitment
UNITED STATES - New York State Teachers Retirement System has placed $674m (€492.3m) into new real estate commitments through a series of fund investments which includes commercial mortgage-backed securities. NYSTRS’ real estate portfo...
-
News
LACERA resumes global REIT search
UNITED STATES - Los Angeles County Employees Retirement Association is now in the planning stages for a new global REIT manager search worth around $100m (€73.1m). John McClelland, principal investment officer for real estate at the pension ...
-
News
Infrastructure 'moving out of real estate' - RREEF
EUROPE – Pension funds are beginning to regard infrastructure as an asset class in its own right rather than as part its real estate allocation, according to officials at RREEF. John McCarthy, head of RREEF Infrastructure Europe, said Europe...
-
PropertyEU Archive
JLL reports record European office take-up in 2007
Total office take-up in Europe in the first half of this year came to 6.7 million m2, according to Jones Lang LaSalle in its latest quarterly report.This is 9% higher than for the same period last year and is the highest figure on record. The firm's 'European Office Property Clock' ...
-
PropertyEU Archive
Degi enters Romania with EUR 111m buy
Germany's Deutsche Gesellschaft für Immobilienfonds (Degi) has become the first German property fund to enter the Romanian property market with the purchase of an office property portfolio in Bucharest, for a investment volume of EUR 111 mln. With a total area of 34,700 m[sup]2[/sup] changing hands, the transaction is the ...
-
PropertyEU Archive
RREEF Pan-European Infrastructure fund raises EUR 2 bn
RREEF Infrastructure, part of Deutsche Bank's RREEF Alternative Investments, has announced the final close of its Pan-European Infrastructure Fund with total commitments in excess of EUR 2 bn. The Pan-European Infrastructure fund is a closed-end investment fund established to invest in the mature infrastructure sector of the major economies of ...
-
PropertyEU Archive
Catalyst buys Berlin shopping centre for EUR 70m
Investment and asset management group Catalyst Capital has acquired Der Clou shopping centre in Berlin for EUR 70 mln from German property group Commerz Grundbesitz for its WCC Europe Fund. Situated in the south-eastern Reinickendorf district near Berlin-Tegel airport, the property consists of a 20,200 m[sup]2[/sup] two-storey shopping centre and ...
-
PropertyEU Archive
SPIE buys Matthew Hall for EUR 172m
London-based project management and services company Amec is selling its Building and Facilities Services (BFS) business to French multi-technical services provider SPIE for £ 117 mln (EUR 172 mln) in cash. The acquisition should complete by mid-September, once the process of informing and consulting with employees' representative bodies in France ...
-
PropertyEU Archive
Quinlan launches EUR 430m West European office fund
Private equity group Quinlan Private said it is launching a West European Office Fund (WEOF) which will comprise the Atrium office complex in Amsterdam and two other recently-acquired properties in Frankfurt and London. The company confirmed that it has acquired the Atrium office complex in Amsterdam for about EUR 200 ...
-
PropertyEU Archive
Evans Randall buys 58 German retail properties
UK private equity investor Evans Randall has bought 58 retail properties in northern Germany for a sum close to EUR 175 mln. The initial yield on the assets is put at 7.3%. Tenants include supermarket chains Aldi, Lidl and Edeka.
-
PropertyEU Archive
Pirelli RE consortium buys four assets in Rome
Italy's Pirelli RE, together with Fingen and Maire Group, has won the contest organised by Fintecna Immobiliare, a state-owned company operated by the Italian treasury, to buy four major real estate assets in central Rome valued at some EUR 368 mln. Under the deal, Pirelli RE consortium will set up ...
-
PropertyEU Archive
ING RE acquires Stinsen mall in Stockholm
ING Real Estate has acquired the Stinsen shopping centre in Stockholm, Sweden, from CA Fastigheter, for approximately EUR 140 mln. The property will be added from October 2007 to the ING Real Estate Nordic Property Fund (ING NPF), a semi-open ended real estate fund with an uncapped target size. ING ...
-
PropertyEU Archive
Arab Investments spends another EUR 72m in Germany
UK-based Arab Investments has acquired the Lankwitzer Strasse Shopping and Service Centre in Berlin and the Fiat Headquarters building in Frankfurt for a total of over EUR 72 mln.
-
PropertyEU Archive
Land Securities lets remaining Bankside offices to RBS
UK real estate company Land Securities has announced that it has exchanged contracts with the Royal Bank of Scotland (RBS) for the pre-letting of the Bankside 2&3 development on London's Southbank. The transaction means Land Securities has now managed to let all the office space within the 87,000 m[sup]2[/sup] mixed-use ...
-
PropertyEU Archive
AAIM set to acquire German property for EUR 700m
Celebrity-backed Active Asset Investment Management (AAIM) has agreed to purchase a portfolio of German retail properties for EUR 700 mln, news agency Reuters reported, citing a source familiar with the process.
-
PropertyEU Archive
Morgan Stanley RE teams up with Sunrise Senior Living
Morgan Stanley Real Estate announced on Monday that it has established a joint venture in the UK with Sunrise Senior Living, one of the world's largest assisted living facilities operators. The joint venture has committed to acquire and operate 15 assisted living communities totaling 1,244 units across the UK, for ...
-
PropertyEU Archive
Akron buys ABC Tower in Cologne
Austrian real estate investment company Akron has acquired the ABC Tower at Cologne airport from an unnamed private investor for about EUR 70 mln, according to a press release. The deal marks Akron's biggest acquisition of an office building in Germany to date.
