Latest reports – Page 3680
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News
Rabobank scheme plots its real estate future
NETHERLANDS - The Stichting Pensioenfonds Rabobank has started to invest in plots of land, to create future building opportunities for its property investments. Details of the firm’s annual report reveal the €10bn scheme has acquired 2...
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News
Enpam offloads real estate
ITALY - Enpam, the Italian pension fund for doctors and dentists, has sold a 29-property portfolio for €305m. Pirelli Real Estate acquired the portfolio with holder Global Opportunities Fund II, a fund managed by Deutsche Bank subsidiary RRE...
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News
Germany ‘still offers best opportunities’
GERMANY - International Real Estate (IRE) has ruled out expansion outside German property despite recent investor jitters over market underperformance. This vote of confidence came as the AIM-listed investment firm posted year-end pre-tax profits ...
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News
RREEF takes to the road for €1.3bn
EUROPE - RREEF Infrastructure has acquired 50% of German motorway service operator Tank & Rast for a reported €1.3bn. The acquisition, from private equity firm Terra Firma, includes 390 motorway service stations across Germany. John ...
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News
US real estate investment to slow
UNITED STATES - Mercer Investment Consulting is expecting less pension fund money to enter the US real estate markets this year. According to Real Estate newsletter, the market has matured sufficiently to expect inflows of assets will now slow, sa...
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News
Rodamco moves into Le Havre docklands
FRANCE - Rodamco Europe has agreed to acquire a large shopping and leisure centre under development in the Le Havre harbour area, the firm has announced. The €10.6bn company said it has signed an agreement with Vinci Immobilier and ING Real ...
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News
Morgan Stanley fund reaches $8bn height
UNITED STATES - Morgan Stanley Real Estate has raised $8bn (€5.94bn) for its most recently-completed international commingled fund MSREF VI International. – the largest sum ever raised for a single real estate fund. Capital raised was ...
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News
Germany is ING’s prime office market
GERMANY - ING Real Estate has allocated Germany as the most important market for its European Office Fund, fund manager Leo Weidenaar said. "Since its economy is recovering very fast, Germany offers big opportunities. After entering the Germ...
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News
Pennsylvania State Employees pursues opportunity
UNITED STATES - Pennsylvania State Employees Retirement System has approved a $50m (€37.1m) commitment into the Rockpoint Real Estate Fund III by recycling its capital. Principal at The Townsend Group, Rob Kochis, has been working with the p...
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News
Orange County Employees places $116m
UNITED STATES - Orange County Employees Retirement System has approved real estate investments totaling $116m (€86.4m) to be invested in a mixture of public and private real estate. The pension fund approved $75m of capital to be managed by ...
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News
Cornerstone to market new hotel fund
UNITED STATES - Cornerstone Real Estate Advisers is to begin the marketing process for its next commingled fundraising. The real estate manager is looking at raising around $400m ($297.1m euros) to $600m through the Cornerstone Hotel Income and Eq...
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PropertyEU Archive
UniImmo Deutschland invests EUR 45m in Helsinki business park development
Hamburg-based fund manager Union Investment Real Estate said that its UniImmo Deutschland property fund has invested EUR 45 mln in a business park development in Helsinki. The Duetto Business Park development was acquired from Finland's largest construction company, YIT Construction, and represents Union Investment’s first acquisition in Finland. The ...
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PropertyEU Archive
Goodman aims to boost European activities
Australian industrial real estate investor Goodman (formerly known as Macquarie Goodman) plans to boost the European share of its management service income to around 50% from the current 30%. ‘We have grown very fast in the past two years on the back of a strong property market,’ explains the company’s ...
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PropertyEU Archive
Evans Randall swoops on Munich offices
Evans Randall has moved closer to its target of building a EUR 1 bn property portfolio across continental Europe with the completion of the acquisition of the Telekom Center in Munich, Germany for EUR 259 mln. The latest transaction, reflecting a net yield of 4.9%, bring the total invested by ...
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PropertyEU Archive
ING RE buys into Warsaw offices for EUR 167m
ING Real Estate has purchased two office buildings in Warsaw from Belgian developer Ghelamco Group for EUR 167 mln. The buildings are earmarked for the portfolio of ING Property Fund Central and Eastern Europe, a semi-open ended fund that was launched in December 2006.
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PropertyEU Archive
Iceland's Stodir makes bid for Keops
Icelandic property company Stodir plans to acquire all the shares in the listed Danish property company, Keops. Providing it is approved by the Danish Financial Supervisory Authority, the offer, valued at DKK 24 (around EUR 3.2) per Keops share, will be presented to all Keops shareholders within the next four ...
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PropertyEU Archive
Sireo acquires Milan office for EUR 41m
Germany's Sireo fund has bought the Q office building in Milanofiori di Assago, in the southern district of Milan, for EUR 41 mln. The six-storey office property is being sold by Polis Fondi, an Italian closed-end investment fund. Redilco's advisory unit GVA Redilco acted for the buyer. This is the ...
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PropertyEU Archive
Immofinanz acquires 6 logistics centres
Austrian property group Immofinanz has expanded its logistics activities with the acquisition of four logistics centres in Germany and two in Switzerland through its Deutsche Lagerhaus subsidiary. Together they provide a total usable floor space of 177,300 m2, increasing the Deutsche Lagerhaus portfolio to 26 properties at 722,800 m[sup]2[/sup]. Immofinanz ...
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PropertyEU Archive
Westfield establishes EUR 783m shopping centre fund in UK
Westfield Group, the Australian retail property investor, has announced it is setting up a £530 mln (EUR 783 mln) wholesale fund to own interests in four Westfield shopping centres in the UK with a gross value of over £2.1 bn (EUR 3.1 bn).
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PropertyEU Archive
IVG to develop additional oil and gas facilities
German real estate investment company IVG Immobilien has secured the rights to develop a further 25 underground oil and gas storage facilities at its site in Etzel near Wilhelmshaven in Northern Germany. IVG currently operates 40 such facilities at the site, which are let to both oil and gas businesses ...
