Latest reports – Page 3713
-
PropertyEU Archive
Electra RE buys in Frankfurt for EUR 100m
Electra Real Estate and Kamor have purchased 70% of a luxury office building in Frankfurt for EUR 200 mln, plus EUR 17 mln in related costs. Electra Real Estate has acquired 60% of the property through a wholly-owned subsidiary.
-
PropertyEU Archive
Cefin to develop Bucharest's highest tower
Cefin Holding's subsidiary Cefin Real Estate Romania is to develop the highest tower in the Romanian capital city of Bucharest. The project includes a 36-storey 125-metre office building, retail space and a five-start hotel, Romanian newspaper Ziarul Financiar reported. The development will involve an investment of about EUR 220 ...
-
PropertyEU Archive
Inrev appoints PGGM's Van der Ende as new chairman
The European association for investors in non-listed real estate vehicles (Inrev) has appointed Johan van der Ende as its new chairman. Van der Ende (48) is chief investment officer for strategy and structured investments at Dutch pension fund PGGM, which has real estate assets under management of about EUR 12 ...
-
PropertyEU Archive
Inrev predicts cooling off from 2006's 'stellar' returns
European non-listed institutional real estate funds achieved average total returns of 20.9% in 2006, according to the European association for investors in the funds (Inrev). 'This is a very high investment return. One would expect the median long-term figure for the industry to be somewhere in the range of 10% ...
-
News
DIM Vastgoed to sell entire retail portfolio
REAL ESTATE - The executive and supervisory boards of the property investor DIM Vastgoed are persisting on selling the company’s entire portfolio of US retail centres, they . Following this decision, DIM has signed an exclusive marketing ...
-
News
Austrian finance minister joins C–Quadrat
REAL ESTATE - Former Austrian finance minister Karl-Heinz Grasser on Friday joined the supervisory board of C-Quadrat, the real estate subsidiary of fund manager Altira, at the firm’s annual shareholder meeting. The firm is priming Grasser ...
-
News
Morley sets out Asia strategy
REAL ESTATE - Fund manager Morley has set out its strategy for investment in Asian real estate on behalf of its largest client, the life insurance business of parent company Aviva. The initial investment of US$2bn (€1.4bn) will involve join...
-
News
Apollo expands urban residential strategy to Los Angeles
REAL ESTATE – US investor Apollo Real Estate Advisors has broadened its urban residential investment strategy to Los Angeles for the first time with the purchase of 1,002 rental units in the region. Apollo partner Dean Pentikis who heads up...
-
News
Fifield creates $400m joint venture with Pacific Life
REAL ESTATE – In the US, Fifield Companies has created an apartment development joint venture with Pacific Life Insurance Company. The two firms together will construct $400m (E293m ) worth of properties over the next 24 months. The structu...
-
News
Aberdeen targets Nordic investors with French fund
REAL ESTATE - Aberdeen is targeting Nordic pension funds with a fund to be invested mainly in French real estate. The fund management firm made its first acquisition for the Aberdeen Fund France and southern Europe last week, paying GE Real Estat...
-
News
JER invests equity in resort mixed-use project
REAL ESTATE - JER Partners has made a $96m (E70.5m) preferred equity investment into the Snowmass Base Village, Snowmass Center and West Village mixed-use project near Aspen, Colo. Cia Buckley ,president of the US Fund Business for JER Partners, s...
-
News
UK derivatives trades report record Q1 values
REAL ESTATE - UK property derivatives in the first quarter of 2007 chalked up 125 transactions worth a record £2.9bn (E4.3bn). This is the equivalent of 10% of direct investment in real estate in the UK, according to figures published by IP...
-
News
San Bernardino expands timber allocation to 4%
REAL ESTATE - San Bernardino County Employees Retirement Association has decided to expand its asset class for investing in timberland from 2 to 4%. The pension fund feels that timber deserves its own asset class. Investment officer Don Pierce s...
-
News
Henderson and mfi launch German shopping centre fund
REAL ESTATE – UK manager Henderson Global Investors has teamed up with German property manager mfi to launch a closed institutional fund to invest in German shopping centres. The fund is targeted to investors in Germany and abroad and promis...
-
News
New Jersey looks at making commingled fund investments totaling $200m
REAL ESTATE - New Jersey Division of Investment is looking into making commitments into three commingled funds totaling $200m (E147.5m). These investments were discussed at its board meeting on April 19. The pension fund was assisted in this ac...
-
News
Canadian fund acquires discount hotel chain from Accor
REAL ESTATE - The property subsidiary of Caisse de dépôt et placement du Québec, Canada’s largest pension fund, has acquired Red Roof Inns, a chain of US hotels from Accor for US$1.32bn (€960m). Cadim, the subsidiary, ac...
-
News
Barclays launches European REIT fund
REAL ESTATE - Barclays Capital is to launch a European REIT fund based on the EPEU index, targeting investors looking to diversify away from UK property. The EPEU index tracks 47 mainly large-cap European REITs, mainly in France, Germany and the ...
-
PropertyEU Archive
Metrovacesa to acquire HSBC head office for record EUR 1.6 bn
Spanish property company Metrovacesa is to acquire the global head office of HSBC bank at Canary Wharf in London for £1.09 bn (about EUR 1.59 bn), the largest single property deal in UK history.
-
PropertyEU Archive
Inmocaral sees Q1 net asset value up 5.5% vs Q4
Spanish property company Inmocaral said net asset value of its real estate holdings rose by 5.4% to EUR 9.455 bn at the end of the first quarter of 2007, from EUR 8.964 bn at year-end 2006. The company said 71% of the rise came from property rentals, mostly offices in ...
-
PropertyEU Archive
Morgan Stanley buys DekaBank's HQ
German DekaBank has sold the 186-metre tall Trianon office tower in the Frankfurt banking district to Morgan Stanley Real Estates Eurozone Office Fund (MSEOF) for a sum believed to be in the region of EUR 620 mln. Trianon is the fifth-highest building in Frankfurt.
