Latest reports – Page 3735
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PropertyEU Archive
G-REIT on course for April introduction
The legislation for the German real estate investment trust (G-REIT) is expected to be approved by lawmakers in time for introduction in April. Finance experts of the SPD and CDU/CSU coalition parties have agreed on the final draft and the two parties themselves will discuss the legislation on Wednesday. If ...
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PropertyEU Archive
Derwent London set to join UK REITs
Derwent London has confirmed it is planning to convert to tax-efficient real estate investment trust (REIT) status on July 1, 2007. The group will be required to pay a one-off charge calculated. Set at 2% of the group's gross qualifying assets, this comes to £46 mln (EUR 71 mln). ...
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PropertyEU Archive
Plaza Centers opens mall in Poland
Plaza Centers has completed and opened the Rybnik Plaza shopping and entertainment centre in the southern Polish city of Rybnik. It comprises 18,000 m[sup]2[/sup] of gross lettable area and 470 parking spaces. The fully-let property was sold prior to completion to the French property group Klepierre, and the formal handover ...
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PropertyEU Archive
Arab Investments acquires EUR 300m of German properties
Arab Investments Limited, advised by Savills, has acquired EUR 300 mln of German-based properties as part of its drive to build a EUR 500 mln portfolio for the shariah compliant fund. The UK property company has invested in 12 properties, and has a further EUR 250 mln under offer. The ...
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PropertyEU Archive
IHG eyes Russian expansion
InterContinental Hotels Group (IHG) is continuing its Russian expansion with the opening of a new Crowne Plaza Hotel in St Petersburg and an InterContinental in Moscow. The two hotels are scheduled to open in early 2009 and in 2010 respectively.
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PropertyEU Archive
Big Yellow to acquire REIT status
Big Yellow, a leading UK self-storage company, is set to join the ranks of British real estate investment trusts (REITs), as the group's disagreement with the country's tax officials has been solved and HM Revenue & Customs has withdrawn its objection to the change in tax treatment of Big Yellow's ...
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News
LACERA makes first medical office investment
REAL ESTATE - The Los Angeles County Employees Retirement Association has placed its first ever investment in medical office buildings. This was accomplished with commitment of up to $25m (€19m) into the LaSalle Medical Office Fund II.
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News
CalPERS undertakes a major real estate review
REAL ESTATE - The California Public Employees Retirement System will be undertaking an overall review of its real estate portfolio and strategy over the next few months.
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News
Vesteda in Netherlands mulls cross-border operations
REAL ESTATE - The €4.5bn residential Dutch property investor Vesteda is considering starting cross-border operations, it has announced. "The Netherlands has a closed housing market, in which the government decides the prices in almost...
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News
San Joaquin County opts for value-add-opportunity funds
REAL ESTATE – The San Joaquin County Employees Retirement Association has approved an investment plan for 2007 that will be placing $60m (€45.5m) to $100m into a mixture of either value-added or opportunistic commingled fund commitments....
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News
Sicilian launch for public building fund
REAL ESTATE - Pension funds will be offered 10% of a fund set up this month to invest in Sicilian public buildings. Fondo Immobiliare Pubblico Regione Siciliana (FIPRS) – a joint venture between the region of Sicily, Deutsche Bank real esta...
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News
Los Angeles City approves new emerging manager policy
REAL ESTATE – The Los Angeles City Employees’ Retirement System has approved a new emerging manager policy for its real estate investment plan. The pension fund made this decision in conjunction with its real estate consultant Townsend...
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News
New Interpolis-Achmea property company names directors
REAL ESTATE - Three former directors of the merged property companies of Interpolis and Achmea will head up the new Netherlands-based organisation. The new real estate company, which is yet to be named, has appointed former Interpolis Vastgoed exe...
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News
Canadian plan makes first move into US market
REAL ESTATE - The Canada Pension Plan Investment Board makes its first major move into the US with a $500m (€378.3m) investment with TIAA-CREF Asset Management. Graeme Eadie, senior vice president of real estate investments for CPP Investmen...
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News
Dutch 2006 commercial returns rise to 12.5%
REAL ESTATE - The total returns on all commercial property in the Netherlands were 12.5% in 2006, ROZ-IPD Netherlands Property Index has reported. Returns have increased for the fifth consecutive year, and were the highest since 2000, the property...
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News
Italy matures as investors look beyond prime
REAL ESTATE - Pressure on yields in the maturing Italian office market is pushing investors towards secondary cities and alternative sub-classes, according to a report published by property firm Savills. Continuing demand for prime locations will...
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News
Danish yields near record highs of 2005
REAL ESTATE - Yield compression drove returns for Danish real estate up to 17.8% in 2006, according to property data group IPD. This is the second highest return since the index launched in 2000. Overall, yields on Danish real estate fell by 60 b...
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News
European property market turnover hits €227bn in 2006
REAL ESTATE - The European commercial real estate market has doubled over the past two years, According to a CB Richard Ellis report just published, turnover increased 46% last year to €227bn, following an increase of 47% the previous year....
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News
Investors should communicate concerns to managers - INREV
REAL ESTATE - "INREV works hard to persuade fund managers to provide more comprehensive data, but investors also have a role to play in encouraging managers to do this as well," INREV CEO Lisette van Doorn spelled out to IPE Real Estate at ...
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News
DIM Vastgoed to sell entire US retail portfolio
REAL ESTATE – Dutch property investor DIM Vastgoed is considering selling its entire $505m (€380m) portfolio of US retail centres. The company aims to profit from the "current exceptionally favourable sellers’ conditions in...
