Latest reports – Page 3688
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PropertyEU Archive
XXI Century Investments to seek listing in Warsaw
The board of Ukrainian developer XXI Century Investments has announced that the company intends to apply to the Warsaw Stock Exchange (WSE) to list its shares in the near future. XXI Century has a portfolio of assets under development including 28 projects, amounting to a Net Asset Value (NAV) of ...
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PropertyEU Archive
Schroders in German residential spree
Schroders' German Residential Fund has bought a further 438 residential units and 44 commercial assets in three separate transactions in Berlin, Hamburg and Munich. The deals bring the fund's investment volume to EUR 250 mln, Immobilien Zeitung reported The acquisiton of a further 2,000 apartments worth EUR 160 mln is ...
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PropertyEU Archive
Uni-invest joins growing list of cancelled property IPOs
Amsterdam-based Uni-invest has become the latest real estate casualty of investor apathy this month by cancelling its IPO hours before it was to list on Euronext.
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PropertyEU Archive
HSH Nordbank lowers forecast for G-REIT
German bank HSH Nordbank has significantly lowered its forecast for the tax-friendly real estate investment trust vehicle (G-REIT) which was introduced in Germany this year.
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PropertyEU Archive
Development Securities gets go-ahead in the City
Development Securities has received planning consent from the Corporation of London to redevelop 10 St Bride Street on the western side of the City. The development is being funded by the Luxembourg-based fund, Sireo Immobilienfonds No.4 SICAV.
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PropertyEU Archive
Whitehall launches counter-bid for Tecla, Berenice funds
Goldman Sachs' Whitehall funds are launching a counter-bid to take over the Tecla and Berenice office funds, which already received an offer from Gamma RE, a joint venture between Pirelli RE and Morgan Stanley. Whitehall is offering EUR 650 for the quotas of each fund, which compares to the EUR ...
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PropertyEU Archive
Kungsleden acquires eight logistics properties
Kungsleden, the listed Swedish property company, has acquired eight logistic properties in a sale-and-leaseback deal from paper and packaging firm Papyrus for SEK 532 mln (EUR 56 mln). The properties are in Stockholm, Norrköping, Vetlanda and Gothenburg, Sweden and the Danish capital Copenhagen. They provide a total lettable area of ...
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News
PenSam’s Weischer quits to give advice
DENMARK - Investment manager Michael Weischer has quit PenSam, the Danish public-sector pension scheme, to advise other pension funds on real estate indirect investment. The €6.3bn fund has yet to select a successor when Weischer leaves at t...
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News
EC appoints experts for open-ended fund inquiry
EUROPE - The European Commission has appointed an expert panel to advise on regulation of open-ended real estate funds. The panel, which will meet until January 2008, comprises members including representatives of Crédit Agricole Asset Manage...
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News
Yields drive pension funds to car parks
EUROPE - A Luxembourg-domiciled fund is promising to deliver pension funds above-average yields with a fund set up to invest €600—700m in Central European car parks. The Société d’Investissement à Capital Risque (S...
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News
RREEF gains space in Norwegian joint venture
NORWAY - RREEF is expanding its presence further into the Nordic region through a joint venture purchase of its first Oslo-based office block. The real estate subsidiary of Deutsche Bank has signed a joint venture with Norwegian-based real estate ...
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News
Moody’s: investors are diversifying into timber
GLOBAL - Long-term cashflow, a need for diversification and growth prospects in a fragmented industry are pushing investors towards timber REITs, according to a report published by credit ratings agency Moody’s. The report claims this ?...
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News
Vopak eyes growth as Aberdeen picks up mandate
NETHERLANDS - The €660m pension fund of tank terminal operator Vopak has awarded a €15m property investment mandate to Aberdeen Asset Management. Funds will be invested in European real estate through Aberdeen’s fund of funds, Ce...
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News
JER raises €800m for Europe
UNITED STATES – JER Partners has raised €809m for its called JER Europe Fund III - the largest European investment fund so far for the company. JER accumulated €128m in 1998 through its Europe Fund I and six years later raised a ...
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News
Prupim enters Swedish property market
SWEDEN - Real estate investment manager Prupim has entered the Swedish property market by acquiring a €41m landmark office building in Kungsholmen. The company purchased the building – Paradiset 14 – on behalf of the M&G Euro...
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News
Dutch schemes consider rejuvenating industrial estates
NETHERLANDS - Dutch pension funds are showing an interest in investing in the rejuvenation of run-down industrial estates in the Netherlands. "Providing that our criteria are met, we are willing to look at solid proposals from both councils ...
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News
China property growth 'sustainable’
CHINA - A 40% year-on-year increase in the number of sale agreements in the Hong Kong property market last year suggests an upward trend will continue in 2007, according to a report published by Vigers. The Hong Kong-based property consultants fou...
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News
Alaska to invest in infrastructure
UNITED STATES- The Alaska Permanent Fund Corporation making its first move towards investing in infrastructure and plans to initially invest up to $800m ($601.9m euros) in the concept as a separate asset class. The $40bn pension fund agreed at it...
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News
CalSTRS gets closer to its real estate allocation
UNITED STATES- The California State Teachers Retirement System is inching its ways towards its targeted real estate allocation of 11% as the pension fund invested $560m (€420m) in the first quarter of this year. CalSTRS has now invested 9...
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News
Ennis Knupp to increase real estate presence
UNITED STATES - Ennis Knupp & Associates is seeking on expanding its expertise in the real estate asset class as the firm intends to hire four new people over coming months to increase its exposure to the asset class. Scott Brown, principal an...
