Latest reports – Page 3676
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News
Washington State makes two real estate moves
UNITED STATES - Washington State Investment Board is taking action to make two significant real estate deals which give it additional US and global investment positions. The pension fund will commit another $500m (€368m) with Evergreen Real ...
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News
Ohio School Employees schedule annual real estate plan
Ohio School Employees approves annual real estate UNITED STATES - School Employees Retirement System of Ohio has approved a new annual plan to invest around $100-$150m (€73.4m-€110m) in real estate for fiscal year 2008. The pension ...
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News
Pennsylvania Public School approves Euro commitment
UNITED STATES - Pennsylvania Public School Employees Retirement System has agreed to invest 25% of the committed capital into the Carlyle Europe Real Estate Partners III commingled fund, as long as the total is no more than €200m. Working in...
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News
Walton Street closes on CalWest industry
UNITED STATES - Walton Street Capital has completed the $2.8bn (€2.06bn) acquisition of the CalWest Industrial portfolio. Leverage of around 85% was placed on the transaction while yield was in the region of 5%, to factor in the existing inc...
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News
Austrian firm to launch G-REIT by spring 2008
GERMANY – Austrian real estate firm CA Immobilien intends to launch a German real estate investment trust (G-REITs) by next spring that will have between €1.5bn and €2bn in assets. In a statement, CA Immobilien said between 26% a...
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PropertyEU Archive
Agility leases 18,000 m[sup]2[/sup] at Charles de Gaulle and Schiphol
AMB Property Corporation, a global developer of industrial real estate, has leased a number of facilities to logistics solutions provider Agility, including development projects near Charles de Gaulle Airport in Paris and Schiphol Airport in Amsterdam. AMB specialises in investing in logistics-related properties located near airports, seaports and ground transportation ...
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PropertyEU Archive
New deals for Echo Investment in Poland
Polish investor/developer Echo Investment has announced the sale of three commercial projects in Lodz and another in Kielce to pan-European investment group Catalyst Capital. The transaction, valued at close to EUR 66 mln, involves the Business Center, Entertainment Center and Orion office building in Lodz and the Swietokrzyski Arcade shopping ...
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PropertyEU Archive
Leonard De Vinci acquires offices in France
Groupe Leonard De Vinci has acquired a real estate portfolio from a private property fund for a total of about EUR 38 mln, including costs. The portfolio includes nine office buildings fully let to tenants including the French finance ministry for lease periods of three, six or nine years, French ...
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PropertyEU Archive
Invista launches EUR 1.5 bn fund
Invista Real Estate Investment Management has said it plans to launch a £1 bn (EUR 1.5 bn) fund to acquire properties from private investors who bought into an overheated commercial real estate market as it was reaching its peak. With prices predicted to slide, Invista hopes to capitalise on such ...
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PropertyEU Archive
Aedes acquires mixed-use project in Serbia
Italian property company Aedes has continued its expansion in Southeast Europe through the acquisition of a mixed-use luxury development project in Belgrade, Serbia for an undisclosed amount.
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PropertyEU Archive
Sotogrande sells real estate to Irish investors
Sotogrande, a Spanish real estate subsidiary of NH Hoteles, has completed its largest sale with the disposal of 35 commercial units at its Ribera del Marlin development, for EUR 37 mln. The properties, located in Spain's Andalusia region, have been sold to a consortium of Irish investors headed by Gavin ...
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PropertyEU Archive
Macquarie picks up five Polish malls
Shopping centre group Simon Ivanhoe has sold part of its Polish real estate portfolio to Australia's Macquarie CountryWide Trust for a total of EUR 232 mln. Property advisor Cushman & Wakefield, which acted for the vendor, said the final agreement was signed on 3 July for the sale of five ...
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PropertyEU Archive
ACMH acquires NREOF management contract
Fund management company Absolute Capital Management Holdings (ACMH) has acquired North Asset Management's interest in the management contract of the EUR 100 mln North Real Estate Opportunities Fund (NREOF). AIM-listed NREOF was established to cash in on the growth of disposable income in the Central and Eastern European region. Since ...
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PropertyEU Archive
Austrian group targets CEE with 7 hotel projects
Vienna-based Falkensteiner Michaeler Tourism Group has embarked on 12 development projects with a total investment volume of more than EUR 350 mln as part of its ongoing expansion in its home markets and Central and Eastern Europe.
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PropertyEU Archive
St Modwen's profits surge
St Modwen Properties, a leading regeneration specialist in the UK, has posted a 48% increase in first-half pre-tax profits to £65 mln (EUR 96 mln). Earnings per share were up 60% at 42.8 pence and net assets per share increased by 12% to 361 pence since 30 November 2006.
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PropertyEU Archive
Degi sees soft landing for German market in 2008
German property investment company Degi expects the real estate investment market in Germany to dip in 2008, ending the series of records witnessed since 2005. 'It won't be an abrupt decline, but a soft landing,' said Degi spokesman Marc Savani. He cited rising interest rates as one of the ...
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PropertyEU Archive
Tchenguiz close to EUR 7.4 bn deal with Mitchells and Butlers
Iranian billionaire property tycoon Robert Tchenguiz is reported to be close to signing a deal with Mitchells and Butlers (M&B), owners of the O'Neill's pub chain, that would involve them transferring most of their property assets into a 50/50 joint venture with his R20 investment vehicle valued at close to ...
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PropertyEU Archive
Aaim signs EUR 590m leaseback deal with car dealer
Pendragon, the largest car dealership in the UK, has signed a £400 mln (EUR 590 mln) sale-and-leaseback agreement with property investor Aaim, the Sunday Times newspaper reported.
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PropertyEU Archive
Cofinimmo acquires Inbev pubs for EUR 419m
Brussels-based property investor Cofinimmo has entered into an agreement to acquire 90% of Immobrew, a real estate subsidiary of beer brewer Inbev, for EUR 419 mln, reflecting an initial yield of 5.8%. Immobrew directly owns 824 pubs and some residential assets in Belgium and indirectly holds a further 245 pubs ...
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PropertyEU Archive
Carlyle buys Copenhagen office building
Carlyle Group has completed its fifth investment in the Nordic region with the purchase of the TDC headquarters in downtown Copenhagen, Denmark. This trophy asset is being sold by KTAS Pensionskasse, the pension fund of the Danish telecoms group, for an undisclosed amount. The acquisition of the 49,100 m[sup]2[/sup] office ...
