Latest reports – Page 3684
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PropertyEU Archive
JC Flowers to list Euromobiliare Sim
US private equity fund JC Flowers is planning to list Italian broker Euromobiliare Sim once it has acquired 60% of the company along with Italian investment company Mid Industry Capital, newspaper Il Sole 24 Ore reported, citing JC Flowers' managing director Ravi Sinha. 'Our investment horizon is long term, indefinite, ...
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News
AMB completes initial capital for European fund
UNITED STATES – European pension funds were key investors in the initial fund-raising period for AMB Europe Fund I commingled fund, according to AMB executives. John Roberts, president of AMB Capital Partners, said around 95% of the capital ...
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News
Wall of money to stay firm for 2007 - DTZ
EUROPE - A report published by DTZ offers a largely optimistic prognosis for growth in European real estate markets – at least in 2007. The report, entitled Money into property, said a 25% increase in global investment transactions worth $6...
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News
Ambitious Italian fund targets 20% returns
ITALY - Managers of two funds launched last week claim they can harness scarce Italian real estate assets to generate well-above-average returns for pension fund investors. Cordea Savills’ Italian Opportunities Fund II will target returns o...
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News
Reed Smith targets Europe with DLA finance hire
UK - Terry Green is leaving London law firm DLA Piper to head up a major push into Europe for rival real estate lawyers Reed Smith Richards Butler. Speaking to IPE Real Estate earlier today, Green confirmed he will be leaving DLA Piper’s rea...
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News
China real estate AIMs for London listing
UK-CHINA - A former Watson Wyatt pensions adviser is a key member of a team seeking a London stock exchange listing for a Chinese real estate company. Stuart Leckie, former chairman of Watson Wyatt in Asia and founding chairman of the Hong Kong Re...
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News
Institutional capital still flowing to Latin America - Pramerica
UNITED STATES - Latin America real estate is still seeing strong capital inflows and interest , according to a quarterly research report done by Pramerica Real Estate Investors. Much of that activity is happening in Mexico as the country is attrac...
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News
CalPERS commits $200m to Asia
UNITED STATES - California Public Employees Retirement System is the latest pension fund to further invest in Asian real estate after approving a $200m (€149.2m) commitment to the Asia Real Estate Securities Opportunity Fund. Jane Delfendahl...
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News
Los Angeles Fire & Police expands real estate view
UNITED STATES- Los Angeles Fire & Police Pension System is taking a look at three separate real estate buys through a mixture of fund selection and direct investment. The pension fund’s real estate consultant, The Townsend Group, will su...
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News
Developers Diversified reveals US investment offering
UNITED STATES - Developers Diversified Realty has unveiled a new retail investment fund called DDR Domestic Retail Fund I. A total of $539m (€401.7m) equity is invested in the commingled fund, of which around $430m or 80% of the equity came ...
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News
Pension funds reject Dutch road plan
NETHERLANDS - Dutch pension funds have dismissed proposals designed to encourage them to finance infrastructure projects. Three political parties – liberals, Christian Democrats and Liberal Democrats – last week jointly proposed the l...
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News
Polish bourse challenges AIM for property firms
POLAND - Warsaw Stock Exchange intends to challenge London’s Alternative Investment Market (AIM) as the destination for property firm flotations. Its claim follows the announcement last week from XXI Investments, a Ukrainian property devel...
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PropertyEU Archive
Bidding war for Berenice, Tecla office funds continues
The battle for control of the two Italian office funds Tecla and Berenice continues with Gamma RE, a joint venture between Pirelli RE and Morgan Stanley, obtaining an extension to its bid for Berenice. The offer will now run until 20 July, in line with the opposing offer from Zwinger, ...
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PropertyEU Archive
HVB offers new index certificate tracking FTSE EPRA/NAREIT Germany
Lender HypoVereinsbank (HVB) is offering access to the German real estate market with its open-ended index certificate tracking the FTSE EPRA/NAREIT Germany Net Total Return Index. The index is based on the performance of shares of the largest publicly-traded property firms in Germany. The new certificate will allow real estate ...
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PropertyEU Archive
German retailer plans massive property sell-off
KarstadtQuelle, Germany's largest department store group, has confirmed that up to 20 bidders have expressed an interest in the company's real estate. Company spokesman Joerg Howe said Rothschild & Sons and Goldman Sachs have been appointed to advise on the sale of KarstadtQuelle's stake in a real estate portfolio, consisting ...
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PropertyEU Archive
Valad takes over Scarborough in EUR 1.3 bn deal
Australian-listed developer Valad Property Group has said it is to acquire UK's Scarborough from its founder Kevin McCabe, in a transaction worth £865 mln (EUR 1.28 bn). Valad's founder and chairman, Stephen Day, said the purchase represents the 'next step in Valad's stated strategy to establish European and Australasian platforms ...
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PropertyEU Archive
Capital continues to flood real estate sector, says DTZ
With $4 of capital chasing every $1 of investment product, a total of $2.4 tln is currently looking to be invested in real estate worldwide, according to the latest edition of DTZ's annual Money into Property research report.
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PropertyEU Archive
Martifer sets price for IPO at EUR 8 per share
Martifer, the construction unit of Portuguese conglomerate Mota Engil, has set the price for the institutional tranche of its Initial Public Offering (IPO) at EUR 8.00 per share - the higher end of the EUR 6.5-8.0 share range outlined in the first IPO notice. Martifer is offering about 18.75 million ...
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PropertyEU Archive
Aedes secures EUR 73m loan to fund acquisitions
Italian real estate company Aedes has signed an agreement for a EUR 73 mln medium-term loan. In a statement, Aedes said the loan, which will mature in 36 months, is expected to be repaid in June 2010. The deal was organized by Banca Profilo as lead underwriter.
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PropertyEU Archive
VVF Vacances makes EUR 28m acquisition in France
VVF Vacances, a French company active in the leisure accommodation sector, has acquired six residential buildings and seven shops operated by tourist organisation Primatour for EUR 28 mln. The residential assets include about 500 housing units, located across Cannes, Antibes, and Menton in the Alpes-Maritimes region, as well as in ...
