Latest reports – Page 3670
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PropertyEU Archive
Tishman Speyer builds Frankfurt skyscraper
Tishman Speyer is to build a 168-metre skyscraper in the centre of Frankfurt opposite the city's concert hall and former opera house, the developer said on Tuesday. The 42-storey building, designed by architects Christoph Mackler, will house offices, shops and leisure facilities and is due for completion in 2010.
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PropertyEU Archive
HBOS subsidiary may make offer for Quintain
Following months of speculation, Quill Securities, the property investment subsidiary of UK banking group HBOS, announced this week that it is considering making a takeover bid for real estate investment company Quintain Estates & Development. The announcement follows HBOS' acquisition of a 12% stake in Quintain through Quill last Thursday ...
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PropertyEU Archive
ING Real Estate buys French office property
ING Real Estate has acquired the Triangle Part-Dieu office building in Lyon, France, for EUR 41 mln on behalf of its European Office Fund. The property is located in Lyon's central business district, the most sought after location by tenants in the area.
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PropertyEU Archive
Pirelli RE, RREEF buy Baubecon portfolio for EUR 1.7 bn
Pirelli RE and Deutsche Bank's property unit RREEF have agreed to acquire Baubecon’s residential portfolio in Germany for about EUR 1.7 bn. The property portfolio is being sold by US private equity group Cerberus, which bought it for EUR 1 bn in 2005. RREEF is acquiring a 60% stake while ...
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PropertyEU Archive
Halverton, CBRE unveil EUR 200m industrial property fund
Halverton Real Estate Investment Management and CBRE Investors have launched an investment fund called the 'Benelux Industrial Partnership'. Halverton, acquired last month by the Australian GPT Group, will lead and manage the fund's acquisition programme. All its equity has so far been provided by clients of CBRE Investors, the property ...
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News
CalSTRS seeks tripled exposure to tap overseas growth
UNITED STATES - California State Teachers Retirement System is making a significant move to almost triple its exposure to international real estate over the next four years to tap the investment potential of office space. The pension fund believes...
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News
Pension funds take careful steps with real estate
EUROPE - Pension funds may display more caution in their real estate investment decisions over the coming months because of emerging signs of a slowdown in yield returns. Hans Op’t Veld, senior investment strategist for structured investment...
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News
Investors eye Asia over Europe
GLOBAL - Pension fund cash will continue to pour into European real estate at least to the end of the year but there is fresh interest in the Asian market, according to preliminary figures published by Jones Lang Lasalle (JLL). Direct property tra...
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News
No euro greenbacks for green building
EUROPE - Pension funds are increasingly concerned with sustainability issues in real estate investments but doing nothing about it, according to a report commissioned by the European Social Investment Forum (Eurosif). Eurosif executive director Ma...
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Private equity wins student halls contract
UK - Private equity firm UPP last week won a contract to build undergraduate accommodation for the UK’s Loughborough University – an indication of increasing competition in a market gained momentum as a niche within a saturated real estat...
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News
German transactions top €26bn in H1
GERMANY – Commercial property transactions in Germany totalled €26.4bn in the first half – a 34% increase over the same 2006 period – and should reach €50bn for the full year, US broker Jones Lang LaSalle (JLL) has repor...
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News
VastNed Offices eyes German market
GERMANY - Property investor VastNed Offices-Industrial wants to expand its German office portfolio up to €500m, the firm has announced. The company’s German portfolio has now hit €90m thanks to a recent acquisition - a €37....
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News
Valencia Capital pumps $250m for medical targets
UNITED STATES - Valencia Capital Management has raised $250m (€183.8m) for its commingled fund, Next Block Medical Fund I, through strong support from pension funds. Lead investor in the commingled fund is California Public Employees Retirem...
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News
San Diego makes its first overseas play
UNITED STATES - San Diego City Employees Retirement System has approved its first ever international real estate investment by allocating $30m ($22m euros) to the Colony Investors VIII commingled fund. San Diego City is expected to make at least o...
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News
CB Richard Ellis Investors creates M&A team
UNITED STATES - CB Richard Ellis Investors has hired two people to create a new mergers and acquisitions team within its company. The real estate manager has enticed Deborah Smith and June Yu away from Lehman Brothers to become senior managing dir...
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News
Morgan Stanley buys Daewoo Korea HQ
KOREA - Morgan Stanley is to boost its property investments in the Korean market with the acquisition of Daewoo Engineering Headquarters in the capital, Seoul, for 960bn won (€0.76bn). AHI Holdings, a real estate fund managed by the bank, w...
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PropertyEU Archive
Hansteen shops in The Netherlands and Germany
Hansteen has acquired four properties in The Netherlands for EUR 13.5 mln and two portfolios in Germany comprising 12 properties for EUR 23 mln . It has also bought an office building in Germany for EUR 10 mln. In total, the acquisitions represent a value of EUR 47 mln. ...
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PropertyEU Archive
Immoeast buys EUR 101m Bucharest office development
Austrian listed real estate company Immoeast has acquired yet another major property in Bucharest - the new S-Park office development - for EUR 101.5 mln. The 45,000 m[sup]2[/sup] development is located in the booming northern section of the Romanian capital. In addition to the office space, it includes 2,500 m[sup]2[/sup] ...
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PropertyEU Archive
Dublin's EUR 750m revamp gets green light
International architectural firm HKR Architects (HKR) said on Monday that its design for the regeneration of Dublin's Northern Quarter has received planning permission from Dublin city county council. The Northern Quarter development represents a EUR 750 mln investment and will see Dublin's north inner city become a prime retail location.
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PropertyEU Archive
Realia sells two Madrid assets for EUR 43m
Realia, the Spanish real estate company that raised EUR 783 mln in an IPO last June, has sold the Cine Proyecciones and the Amper non-core buildings in Madrid for EUR 42.5 mln, the company said in a statement to the Spanish securities watchdog CNMV. The gains from the disposal amount ...
