Latest reports – Page 3728
-
PropertyEU Archive
Conwert expands in Germany with EUR 160m investment
Conwert Immobilien Invest has made its largest acquisition in Germany with the purchase of 152 properties in Potsdam for EUR 160 mln. The portfolio consists of 1,616 apartments covering 112,200 m2, 34 offices with a total rental area of 5,800 m2, and 909 parking spaces. Conwert is a Vienna-listed residential ...
-
PropertyEU Archive
Vivacon acquires 6,812 residential units in Germany
Cologne-based property company Vivacon has announced the acquisition of a portfolio of 6,812 residential units in western Germany. The financial details of the transaction were not disclosed, but Vivacon said it was the largest acquisition in the company's history. The units are located in Bremen, Hesse, Lower Saxony, North Rhine-Westphalia ...
-
PropertyEU Archive
Eurocastle sells non-core assets for EUR 325m
Eurocastle Investment has signed a definitive agreement with the Whitehall Street Real Estate Funds to sell a portfolio of 78 properties for 325 mln. The sale price exceeds the carrying value by approximately 9% and will result in a realised gain of approximately EUR 26 mln, Eurocastle said in a ...
-
PropertyEU Archive
Sponda finalises EUR 400m sell-off deal
Sponda, the Finnish real estate investment company, has completed the sale of shares in property companies, properties and land sites to Whitehall Street Real Estate and Niam Nordic Investment Fund III for approximately EUR 401 mln. Sponda said it will realise a profit of roughly EUR 15 mln on the ...
-
PropertyEU Archive
Solar panels become obligatory in Spain
Spanish companies developing or refurbishing properties with 3,000 m[sup]2[/sup] or more of space are obliged to add solar panels. Legislation to this effect was approved last year as part of the country's Technical Building Code, but became effective only from 29 March 29 this year.
-
PropertyEU Archive
L & G, Kenmore team up on new UK office fund
Legal & General Property and the Edinburgh-based property developer Kenmore Property Group have set up a joint venture to establish ARC Property Fund, a new UK regional core plus office fund that will acquire, refurbish and asset manage a multi-let regional office portfolio across the UK. ARC has been structured ...
-
PropertyEU Archive
CDP sells 10 Paris hotels
CDP Real Estate Europe has sold a portfolio of 10 Paris hotels to a private investor. The Jardins de Paris hotel sites involve a total of 430 2 to 3-star rooms, French newspaper Business Immo reported. The properties are in the city districts of Alésia, Saint-Lazare, Montparnasse, Boulogne, Nation Bercy, ...
-
PropertyEU Archive
Dawnay Day Carpathian reaches target with Riga deal
Dawnay Day Carpathian (DDC) has agreed to purchase a 55% interest on completion of the Galleria Patollo shopping centre development in the Latvian capital of Riga. The development partner and vendor is Titan Invest, a Danish real estate company with over seven years experience working in Latvia.
-
News
Ohio School Employees puts $50m into Beacon’s office commingled
REAL ESTATE - The School Employees Retirement System of Ohio has approved a $50m (€37.5m) commitment into the Beacon Capital V.
-
News
Aberdeen wins £7.7bn in five months
REAL ESTATE - Aberdeen Asset Management plc has won new business worth £7.7.bn (€11.3bn) in the five months to the end of the February. The bulk of commitments are to segregated securities mandates: £5.17bn in total, of which 45% w...
-
News
INVESCO fund attracts $40m from San Diego City
REAL ESTATE - The San Diego City Employees’ Retirement System has approved a commitment of $40m (€30.1m) into the INVESCO Real Estate Fund II. Dawne Clark, assistance chief investment officer for the pension fund said: “We inve…
-
News
Savills launches cross border valuation team
REAL ESTATE – Property services company Savills has launched a cross border European valuation team to be based at its London offices. William Newsom, head of valuation, told IPE that the new team, for which he recruited new directors Collie...
-
News
Los Angeles Fire & Police boots real estate commitment
REAL ESTATE - The Los Angeles Fire & Police Pension System has committed capital to a real estate commingled fund and agreed in principle to establishing an annual allocation for real estate. The pension fund approved a $30m (€22.4m) com...
-
News
Invista hires Easthaugh as finance director
REAL ESTATE - Real estate fund manager Invista has appointed former banker Guy Eastaugh as financial director as part of a plan to separate financial and operational functions. Current chief financial officer (CFO) Philip Gadsden will occupy the ...
-
News
Warburg-Henderson spells out its €1.4bn plans for 2007
REAL ESTATE – Warburg-Henderson, a German provider of real estate funds for institutional investors, plans to allocate €1.4bn to acquire western European commercial properties this year. "Considering the record level of investmen...
-
News
Barings: Buy anywhere in Asia – now
REAL ESTATE - "It doesn’t matter what you invest in or which market you invest in, just invest," Baring fund manager Chris Lees said of Asian real estate. In a global equity strategy published last week, Lees, who managers the ...
-
News
New York State Teachers sets up US apartment JV
REAL ESTATE - New York State Teachers Retirement System(NYSTRS) has formulated a joint venture with the Bozzuto Group to develop apartment complexes. There is a total of $100m (€74.9m) of equity in the venture. The pension fund contributed ...
-
News
Portuguese retail bonanza to run and run
REAL ESTATE - Portuguese property returned 12% in 2006 – above bonds (0.2%) but significantly below equities (29.9%), according to IPD data released last week. Retail delivered the strongest performance at 15.9%, driven largely by domestic ...
-
News
CalPERS places $285m into Mexico and Brazil partnerships
REAL ESTATE - The California Public Employees Retirement System(CalPERS) has agreed to invest $285m (€213.5m) into real estate partnerships investing in Mexican and Brazilian real estate. Both of the partnerships will continue an on going re...
-
News
Blue Sky’s Satumalaij to join Bouwfonds
REAL ESTATE - Blue Sky Group real estate fund manager Raymond Satumalaij is to join fund manager Bouwfonds in May. In this new role – both for Satumalaij and for Bouwfonds – Satumalaij will be responsible for structuring and managing ...
