Latest reports – Page 3721
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News
Macquarie logistics spree targets UK
REAL ESTATE - Macquarie has acquired a UK logistics property developer, Rosemound, for £336m (€493m), 44% of it debt. The acquisition represents a UK development boost for the Australian investor, with 1,000 acres of land and 30 staff...
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News
Dutch SPF to put €75m into nursery sector
NETHERLANDS - SPF Beheer, the manager of the €11.8bn railway fund SPF fund and the €2.3bn Dutch public transport workers' pensions fund SPOV, says it will invest €75m in real estate in the nursery sector. "We want to invest ...
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News
Sainsbury ‘should sell property' - shareholder
REAL ESTATE - UK retailer Sainsbury’s should sell off its £7.5bn (€11bn) property portfolio to fix a flawed capital structure, according to Robert Tchenguiz, one of its nine major shareholders. Tchenguiz, whose investment vehicle...
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News
Texas Teachers to invest $925m in real estate
REAL ESTATE- Teacher Retirement System of Texas will be looking at $925m (€692.3m) worth of real estate investments at its April board meeting. These will be commitments with new and existing real estate managers. A new manager that it will...
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News
DTZ finance chief Maynard exits
REAL ESTATE - Real estate advisory firm DTZ has announced that it is seeking a replacement for finance director Tim Maynard, who is to leave the firm by the end of the year to explore unspecified "new opportunities". Maynard told IPE ...
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News
ING Clarion sets up $1bn office venture
ING Clarion sets up $1bn office venture REAL ESTATE- ING Clarion Partners and Trammell Crow Co. have created a joint venture to develop $1bn (€744m) worth of new office buildings across the US in the next five years. The debt to equity ra...
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News
Santa Barbara OKs new real estate policy
REAL ESTATE - Santa Barbara County Employees’ Retirement System has approved a new real estate investment policy. It happened at the fund’s board meeting on March 28. The pension fund was assisted in this investment activity by its c...
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News
Jones Lang LaSalle sees 10 listed German REITs
REAL ESTATE – Between five and 10 listed German property firms are to become tax-privileged German real estate investment trusts (G-REITs) in the coming months, says Jones Lang LaSalle, the US-based real estate broker. On March 30, Germany&#...
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News
West Sussex reviews real estate
REAL ESTATE – The £1.5bn (€2.2bn) West Sussex County Council Pension Fund is reviewing its property mandate with Cushman & Wakefield Investors due to contract expiry. "The council is reviewing the arrangements for the ...
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PropertyEU Archive
Prudential tipped as frontrunner for £1bn HSBC head office
UK financial services group Prudential is the frontrunner in the public auction to buy HSBC bank's head office in London's Canary Wharf, researchers at merchant bank Kempen & Co have claimed. The property was put on the market last February with a price tag of £800 mln (EUR 1.2 bn). ...
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PropertyEU Archive
E-Plus picks Dusseldorf airport for new HQ
German telecommunications company E-Plus plans to build its new German headquarters in the Quartier N business district at Dusseldorf airport. The 30,000 m[sup]2[/sup] premises is due for completion at the end of 2008. E-Plus is the third company to move into Quartier N after retailer C&A and software company CapGemini. ...
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PropertyEU Archive
£2.5 bn UK hotels set for London IPO
Plans to float a firm owning 60 to 80 UK hotel properties worth up to £2.5 bn (EUR 3.6 bn) on the London stock exchange are to be announced this month, a source close to the process told news agency Reuters. The source said a company backed by the Royal ...
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PropertyEU Archive
Trump Towers await invitation to Europe
American real estate tycoon Donald Trump has said he may expand his Trump Towers brand to the Netherlands and other European cities, if the right partners approach him. 'Come with a good plan and I will come to the Netherlands,' Trump told PropertyEU.
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PropertyEU Archive
Africa Israel takes majority stakes in 4 German property firms
Africa Israel's European division has agreed to purchase 70% of four German companies with assets valued at EUR 97 mln. The companies' portfolio comprises 35 real estate assets for residential and commercial use in Berlin and in the Dusseldorf region. The total annual rent comes to EUR 7.8 mln.
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PropertyEU Archive
NH Hoteles won't increase bid for Jolly chain
NH Hoteles said its Grande Jolly unit will not increase its bid for Jolly Hotels. 'It's the most generous offer made in Italy in the last two years,' NH Hoteles' ceo Gabriele Burgio is quoted as saying in Italian newspaper Il Sole 24 Ore. Burgio was responding to market rumours ...
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PropertyEU Archive
RBS sells on Marriott hotels for EUR 1.6 bn
The Royal Bank of Scotland (RBS) has sold a portfolio of 47 Marriott Hotels to a consortium led and advised by Irish private equity group Quinlan Private (QP) and Israeli real estate investor Igal Ahouvi Group (IA Group) for £1.1 bn (EUR 1.6 bn).
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PropertyEU Archive
Meinl Airports raises IPO volume to EUR 700m
Austria's Meinl Airports International has raised the volume of its Initial Public Offering (IPO) on the Third Market of the Vienna Stock Exchange from EUR 500 mln to EUR 700 mln. Private and institutional investors can subscribe to the new shares until 27 April 27, 2007 for EUR 10 per ...
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PropertyEU Archive
Pirelli RE wins EUR 274m facility management contract
A consortium led by Pirelli Real Estate has been awarded four out of twelve facility management contracts from Consip, a state-owned company that provides IT support to government and public agencies in Italy. The contracts have a four-year term and will provide total revenues of EUR 274.5 mln, or about ...
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PropertyEU Archive
Challenger Diversified buys six French assets
Property group Challenger Diversified has invested EUR 55.5 mln in the purchase of six industrial and retail properties in France. The properties include five distribution centres and a retail warehouse around Paris and in southern France. The deal will be funded using existing debt facilities, the company said.
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PropertyEU Archive
Enstar Capital shops in Germany
London-based real estate investor Enstar Capital is strengthening its presence in Germany with the purchase of a supermarket in the northern district of Laboe. The deal reflects an annual net yield of 7.5%. The supermarket is leased to Coop Schleswig-Holstein, German newspaper Immobilien Zeitung reported. Enstar said it is planning ...
