Latest reports – Page 3666
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PropertyEU Archive
Land sales drive Parquesol revenues in first half
Spanish listed property group Parquesol announced that profits after tax increased 6% to EUR 28.3 mln in the first half of 2007 as the company invoiced a total of EUR 99.4 mln for the period. Parquesol said that business volumes rose significantly in the first half of the year, ...
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PropertyEU Archive
C&W completes purchase of Sonnenblick Goldman
Property adviser Cushman & Wakefield has completed the acquisition of New York-based real estate investment banking specialist Sonnenblick Goldman. The debt and equity finance firm will be renamed Cushman & Wakefield Sonnenblick Goldman, C&W said in a press release.
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PropertyEU Archive
Deutsche Euroshop share split set for 6 August
German shopping centre investor Deutsche Euroshop said on Tuesday it will carry out a 2-for-1 share split on 6 August 2007. The resolution for the split was approved by shareholders at the annual general meeting on 21 June.
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PropertyEU Archive
Parkridge acquires Moscow warehouse development
Private developer Parkridge Holdings has acquired a 150,000 m[sup]2[/sup] warehouse development in Moscow from a private individual, the company said on Tuesday. While the sale price was not disclosed, the end value for the development once it is built and occupied is put at about £75 mln (EUR 112 mln).
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PropertyEU Archive
Patroffice in first German acquisition
Patroffice & Co, a property investment company set up earlier this month by Dutch pension fund ABP, Denmark's ATP Real Estate and Patrizia Immobilien, has acquired its first office property in Germany. Patroffice paid around EUR 5 mln for the complex, which is located at Munsterstrasse 359 in Dusseldorf.
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PropertyEU Archive
Edinburgh House Estates buys EUR 100m German portfolio
Private property investment company Edinburgh House Estates has acquired a portfolio of 29 supermarket and other retail assets in Germany for EUR 100 mln. The vendor is a private German investor. The properties are located in cities such as Fulda, Hildesheim and Zwickau and are leased to avariety of retailers ...
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PropertyEU Archive
SFL ups first-half profit and rental income
Societe Fonciere Lyonnaise (SFL) saw rental income rise 5.9% to EUR 83.3 mln in the first half of 2007 compared with the year-earlier period, the French company reported on Tuesday. Operating profit before fair value adjstments increased by 8.7% to EUR 72.3 mln from EUR 66.5 mln in the first ...
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PropertyEU Archive
Wenceslas fund buys Witawa Family Center
The St. Wenceslas Property Fund has acquired the Witawa Family Center in Gdynia, Poland from Polish developer Allcon for about EUR 9 mln. The Witawa Family Center consists of shopping, leisure and office space and forms part of the Witawa apartment complex. It has a total commercial area ...
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PropertyEU Archive
Sekyra Group aims to beef up foreign presence
Czech real estate company Sekyra Group plans to significantly strengthen its international presence in the next five years, company founder Lu-dek Sekyra told Czech Business Weekly in an interview. Sekyra said that some 10% of the company's projects are now outside the Czech Republic and Slovakia but that he ...
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PropertyEU Archive
C&W: Poznan leads warehouse demand in Poland
Demand for warehouse space in Poland is strongest in the midwestern city of Poznan, according to a report published on Tuesday by property consultant Cushman & Wakefield. Some 118,500 m[sup]2[/sup] of warehouse space was leased in Poznan in the first six months of 2007, slightly more than was leased in ...
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News
SBZ reduced property stake by one-third
NETHERLANDS – SBZ, the industry-wide pension fund for care insurers, said it has decreased its investments in property by 5% to 10% of its total portfolio and will focus its immediate attention on Dutch direct real estate.
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News
Europe sees ‘flight to quality’
GLOBAL - A slowdown in investment in some markets has done little to dent global investment in real estate, according to figures published by Jones Lang Lasalle (JLL). Direct investment in the first half of 2007 totalled US$382bn (€276bn), ...
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News
CalSTRS sells large industrial portfolio
UNITED STATES - California State Teachers Retirement System (CalSTRS) has sold one of its largest industrial portfolios to ProLogis, in a transaction worth $1.85bn (€1.34bn). ProLogis made the purchase, financed by cash and $100m of assumed ...
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News
SLI sells off property after cutting funds’ value
UK - Standard Life Investments (SLI) last week sold off a six-property portfolio from its Property Income Trust for £41.5m (€61.8m) – just days after it announced would cut the value of five of its property funds by 6.7%. In an a...
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News
PAIFs to match REITs tax status
UK – Pension funds and charities will no longer face a tax penalty if they invest in UK property authorised investment funds (PAIFs) from next year as government reforms will give the investments tax status equal to real estate investment trust...
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News
UK pooled property funds outperform equities
UK - Pooled property funds outperformed both real estate equities and real estate investment trusts (REITs) in the past year, despite evidence of cooling in the UK real estate market. According to data published last week by IPD, pooled real esta...
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News
LPFA moves property from UTs to mandate
UK - The London Pensions Fund Authority (LPFA) has appointed ING Real Estate to manage a £150m global property mandate. Philip Jones, investment manager at LPFA – which administers the pensions assets for 783,000 pension fund members &#...
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News
Pension fund’s shopping centre expands its remit
UNITED STATES - The Alaska Permanent Fund Corporation and Macerich Company are now in planning for the expansion of a 3.5 million retail real estate in Virginia which will see the retail project cross property sectors. The Tyson’s Corner Cen...
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News
LACERA eyes Asia in its portfolio
UNITED STATES - Los Angeles County Employees Retirement Association has increased its international real estate portfolio by committing capital to two new investment funds. Each investment was for $25m (€18.1m) into the AIG Asian Real Estate...
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News
SBZ reduced property stake by one-third
NETHERLANDS – SBZ, the industry-wide pension fund for care insurers, said it has decreased its investments in property by 5% to 10% of its total portfolio and will focus its immediate attention on Dutch direct real estate. At least 75% of th...
