Latest reports – Page 3710
-
News
Los Angeles County adds co-investment option
US - Los Angeles County Employees Retirement Association has added a co-investment option to its real estate investment strategy. This will be the first time the pension fund has had a co-investment option, having taken this action at its board m...
-
News
Arizona State tweaks real estate program
US - Arizona State Retirement System has adjusted its portfolio and the amount its real estate program invests in core, non-core and public REITs because of increasing prices of core properties. The maximum amount of the pension fund’s real ...
-
News
Buchanan commingled raises $414m
US - Buchanan Street Partners has completed its equity raise for its latest commingled fund and attracted total commitments of $414m ($304.9m euros) to the Buchanan Fund V. Buchanan had originally intended to raise somewhere in the neighborhood of...
-
News
Texas Teachers move 10% into real estate
US - Teacher Retirement System of Texas is planning to allocate 10% of its portfolio assets in real estate. Speaking about the move, Rob Kochis, principal with The Townsend Group which acts the Texas Teachers real estate consultant, said: "T...
-
News
Austrian Immoeast lists in Warsaw
AUSTRIA-POLAND – The Austrian real estate company Immoeast plans to list on the Warsaw stock exchange in a bid to attract more capital from investors including pension funds. As part of a major capital raising of €3bn, the company wil...
-
News
INREV chair to drive in new direction
EUROPE - Johan van der Ende, chief investment officer for strategy and structured investments at Dutch pension fund PGGM, is the new chairman of INREV, the European Association for Investors in Non-Listed Real Estate Vehicles. Van der Ende takes o...
-
News
Property returns slow in UK, Eire
EUROPE - Growth in the UK and Irish property markets slowed in Q1, according to the latest IPD data. Irish real estate posted its lowest quarterly returns since the beginning of 2004 –2.2% compared with 5.8% in Q4 2006 – despite outpe...
-
News
EPRA study reveals diversified benefits
EUROPE - A report published by the European Real Estate Association (EPRA) has found low or negative correlations between the performance of real estate equities and other asset classes. The lowest rolling correlation, measured over five years, w...
-
News
UK niche retail REIT raises €234m
UK - The Local Shopping REIT, the UK’s first specialist retail REIT, last week announced it had raised £160m (€234m) from its 87% flotation on London’s main bourse. Although it is too early to gauge the main sources of inve...
-
News
NYSTRS adds $150m to commingled funds
US - New York State Teachers Retirement System has approved commitments to two new commingled funds totaling no less than $150m (€110.3m). One of these commitments is for the ING Clarion Debt Opportunity Fund II and will see the pension fund...
-
PropertyEU Archive
London court rules in favour of landlords
A ruling by a judge in London’s High Court is likely to prevent billions of euros being wiped off the value of the property industry. The court ruled that the use of a particular insolvency procedure would unfairly undermine landlords’ rights to receive rent from tenants. The ruling in a ...
-
PropertyEU Archive
Eurohypo finances Draco/Davy's London investment
Eurohypo is providing financing for the acquisition by investor Draco and its partner Davy of an office building for £90 mln (EUR 123 mln). The two companies have teamed up to acquire the 10,680 m[sup]2[/sup] Brettenham House, which overlooks Waterloo Bridge in London. The new venture wants to refurbish part ...
-
PropertyEU Archive
Cofinimmo extends its office portfolio
Belgian real estate company Cofinimmo has announced the conclusion of three transactions valued at EUR 137 mln that add over 50,000 m[sup]2[/sup] to its office portfolio. The average initial rental yield aimed will amount to circa 6.30%.
-
PropertyEU Archive
Italian fair expects record 15,000 participants
The third edition of Expo Italia Real Estate (EIRE) will open its doors this month in the new fair complex near Milan. From 22 to 25 May, the curvilinear forms of Fuksas' 35,000 m[sup]2[/sup] exhibition centre will be home to what the organisers claims is the 'most important event of ...
-
PropertyEU Archive
Savills Rome office move makes way for expansion
Property advisor Savills has relocated its Rome office to Via Barberini 67 in the Italian capital city this month to make way for further expansion. The Rome office, which is run by Marco Fusari as director of the investment agency team, works alongside Savills' Milan operation. The new premises ...
-
PropertyEU Archive
Befimmo H1 rental income up 28.2% at EUR 48.6m
Befimmo has reported net rental income for the six months to 31 March rose by 28.2% to EUR 48.6 mln. The Belgian property firm said the acquisition of 90% of the shares in peer company Fedimmo, effective 28 December 2006, accounted for EUR 9.6 mln of the increase. Excluding Fedimmo, ...
-
PropertyEU Archive
British Land's gets go-ahead for Ropemaker project
British Land has received planning approval for its Ropemaker office development located on a 1.2 acre site in the City of London. The company acquired the site in March 2006 for £130 mln (EUR 190 mln) with planning consent for a 46,916 m[sup]2[/sup] development. British Land chose to revise the ...
-
PropertyEU Archive
Codic Belgium sells Bruxelles building
Codic Belgium has announced that it has sold the Ellipse building in Brussels to AB CPFM Real Estate V for an undisclosed amount. Ellipse is a 2,037 m[sup]2[/sup] office premises at the entrance of the Ikaros Business Park in Chaussée de Louvain. The building is let to Kyocera Mita Belgium ...
-
PropertyEU Archive
Prologis to build Zaragoza distribution centre
Prologis is to develop a 48,000 m[sup]2[/sup] distribution centre in northeast Spain for a subsidiary of ARC International, the world's largest supplier of high-quality tableware. ProLogis expects to begin construction of the distribution center in Zaragoza next June.
-
PropertyEU Archive
Kenmore buys Dutch portfolio for EUR 135m
Kenmore Property Group is acquiring the Landmark Portfolio from White Estate Investments on behalf of its fund MK Capital for a net price of about EUR 135 mln. The portfolio comprises 14 properties located mainly in the Randstad area of central Holland, including Amsterdam, Utrecht, Breda and Amersfoort. The assets ...
