Latest reports – Page 3692
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News
Vector’s bid to become hotel REIT thwarted
UK – Investors have derailed plans by UK hotel group Vector Hospitality to become Europe’s first hotel real estate investment trust (REIT). Vector was forced to abandon a planned flotation on the London Stock Exchange (LSE) last Thursd...
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News
Mercer calls for earlier selection input
EUROPE - Pension funds seeking real estate fund managers need to get involved in selection process discussions at an earlier stage because the bespoke nature of mandates is becoming more complicated, according to consultants Mercer. Greg Wright, p...
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News
French & UK pension funds invest €125m in Nordics
NORDIC REGION - Aberdeen has raised €125m in the fourth closing of Aberdeen’s €370m pan-Nordic real estate SICAV as UK, French and Scandinavian pension funds see Nordic economies outstripping those in Western Europe. Ubbe Strihag...
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News
Baltics to overtake CEE markets in residential
SWEDEN - Swedish bank SEB last week acquired the €37m Europeum Business Centre in Bratislava amid wider positive forecasts for the Slovakian market. The seven-storey building, for SEB’s ImmoPortfolio Target Return Fund, was built in 2...
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News
Blue Sky hires successor to Satumalaij
NETHERLANDS – Blue Sky Group, the manager of Dutch airline KLM’s pension fund assets, has appointed Hidde Frequin as its new real estate fund manager real estate. Succeeding Raymond Satumalaij, who resigned in March to join fund manage...
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More pension fund capital headed for infrastructure investing
UNITED STATES - More pension funds are expected to move into investing in infrastructure in the months ahead as New Jersey Division of Investment, California State Teachers Retirement System and Alaska Permanent Fund Corporation have now expressed an...
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News
Oregon edges to target with new deals
UNITED STATES - The Oregon State Treasury has approved two real estate investments for two different institutional investors totaling $129m ($95.6m euros), which edges Oregon Public Employees Retirement Fund (PERF) closer to its 8% real estate alloca...
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News
Hawkeye Partners begins emerging manager capital handover
UNITED STATES - Hawkeye Partners is about to begin the process of allocating equity it raised through its Scout Fund to emerging managers. The commingled fund manager raised in excess of $650m ($480.3m euros) for the fund through a select group of...
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News
ING Clarion takes hotel REIT private
UNITED STATES- ING Clarion Partners has acquired Apple Hospitality Two and turned it from a REIT owning 63 extended stay hotel properties in 24 states into a private company. Acquisition price for the company was $877m ($649.5m euros) and financed...
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News
Shorenstein sees new fund climb fast
UNITED STATES - Shorenstein Properties LLC had one of the fastest fundraising periods in recent memory with its latest commingled fund, the Shorenstein Realty Investors Nine. Around 85% of the investor commitments for the new fund had previously i...
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News
REITs to determine Indian property market
INDIA - Moody’s has urged the Indian government to push forward a regulatory and taxation framework allowing that market to introduce real estate investment trusts (REITs). In a research paper published last week, the ratings agency suggeste...
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PropertyEU Archive
ING Real Estate launches EUR 1.2 bn fund
ING Real Estate Investment Management has announced the launch and closing of its first value-added fund in Continental Europe. The ING Real Estate Iberian Value Added Fund is an unlisted closed-end investment vehicle with a target portfolio of EUR 1.2 bn. Initially, ING REIM set out to raise EUR 250 ...
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PropertyEU Archive
Fondo Beta sells Rome portfolio for EUR 17m
Fondo Beta Immobiliare, an investment fund managed by Italy's Fimit, has sold a portfolio of three assets in Rome for EUR 17 mln. The properties are located at 37 and 41 Via Rasella, and 21-31 Via Tovaglieri. Fimit told PropertyEU that the two residential assets on Via Rasella are vacant ...
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PropertyEU Archive
Dutch fair appeals to international audience
Like a host of other real estate fairs in countries around Europe, the Provada in Amsterdam is making increasing efforts to attract a foreign audience. Visitors from at least 11 countries are expected to attend the three-day event that opened in the RAI conference centre in the Dutch capital on ...
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PropertyEU Archive
Quinlan Private pulls off EUR 1.2 bn hotel coup
Quinlan Private has beaten off heavy competition to acquire the Jurys Inn hotel chain for almost EUR 1.2 bn. This is the second major hotel acquisition by Irish entrepreneur Derek Quinlan's real estate and investment advisory group in recent months. Back in April, a group of investors led by Quinlan ...
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PropertyEU Archive
AMB leases 18,000 m[sup]2[/sup] shed space in Hamburg
AMB Property Germany has leased nearly 90% of its recently developed logistics facility next to the Altenwerder terminal in Hamburg port. Logistics company B2B International Network has signed a lease for 10,300 m[sup]2[/sup] of distribution and office space, while shipping firm Unisped is to add another 8,000 m[sup]2[/sup] of floor ...
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PropertyEU Archive
GPT acquires remaining 50% in Halverton
Australian investment trust GPT Group has agreed to pay A$94 mln (EUR 70 mln) for the 50% it did not already own in UK peer Halverton Real Estate Investment Management. GPT already holds 50% of Halverton through a joint venture with Australian bank Babcock & Brown. Halverton has almost EUR ...
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PropertyEU Archive
JER Partner's European property fund raises EUR 810m
JER Partners has raised EUR 809 mln for its JER Europe Fund III, which will seek property investments across all sectors. The fund is expected to have a total value, plus leverage, of up to EUR 4 bn. 'A fund of over EUR 800 mln with a current portfolio ...
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PropertyEU Archive
Ciref purchases 4 German supermarkets for EUR 21 mln
Ciref's subsidiary Ciref Berlin 1 has bought a property portfolio that includes four supermarkets in Germany for EUR 21 mln. The deal reflects a net initial yield of 7.6%. The properties are located in residential areas in the cities of Aachen, Bunde and Uelzen, northern Germany.
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PropertyEU Archive
Grainger 1H net slumps 66% year-on-year
UK residential property owner Grainger said net profit for the six months to end-march fell by 66%, blaming the fall on the non-recurrence of gains booked in the year-earlier period. Net profit came in at £ 8.7 mln (EUR 12.84 mln), or 6.67 pence per share, from £25.8 mln, or ...
