Latest reports – Page 3739
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PropertyEU Archive
Eastwood buys three outlets in Britain
Family-owned Eastwood Properties has purchased three retail outlets in the UK for EUR 147 mln. The Belfast-based property group has bought two Debenhams stores in Leeds and Norwich, central England, as well as an outlet in the Welsh capital of Cardiff. The transaction value reflects an initial yield ranging from ...
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PropertyEU Archive
PropertyEuro takes over news site PropertyDay
PropertyEuro, the research and publishing firm that publishes the magazines PropertyNL and PropertyEU, announced Tuesday that it has acquired London-based property news site PropertyDay.com. The terms of the transaction were not disclosed.
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PropertyEU Archive
CSAM hints at European expansion
Credit Suisse Asset Management (CSAM) is planning to develop more property in Europe and expand its real estate business beyond its core Swiss and German markets. 'We are spreading out with products that give our clients global exposure and by getting more involved in development in the rest of ...
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PropertyEU Archive
Klovern sells off Swedish properties
Sweden's Klovern has sold all its Kalmar and Eskilstuna properties to real estate company Dagon for EUR 76 mln. Klovern told PropertyEU that the sale consists of 11 commercial properties in Kalmar, south-eastern Sweden, with an average occupancy rate of 88%. It also includes four assets in Eskilstuna near Stockholm. ...
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PropertyEU Archive
Martinsa takes over 86% of Fadesa
Martinsa of Spain has received the green light to take over 86.48% of rival Fadesa Inmobiliaria, Martinsa said in a statement to the Spanish stock market regulator CNMV. The merger of the two real estate groups is scheduled for completion by end-June, pending approval from shareholders representing 54% of the ...
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News
Ohio School Employees places capital into two commingled funds
REAL ESTATE - The School Employees Retirement System of Ohio has approved commitments into two commingled funds. These were Colony Investors VIII and CB Strategic Investors Europe Fund III. The pension fund made an allocation of up to $75m ($57m ...
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News
LPFA scouts global property manager
REAL ESTATE - The £3.6bn (€5.3bn) London Pensions Fund Authority (LPFA) is looking for an external investment manager to expand its £150m real estate portfolio outside the UK. The portfolio, which up to now has been managed in-hou...
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News
Oregon PERF places first investment in opportunistic portfolio
REAL ESTATE - The Oregon Public Employees Retirement Fund(OPERF)has made its first investment in its opportunistic portfolio that was created in 2005. The initial investment in this asset area was a $100m (€76.3m) commitment to the Fidelity ...
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News
CSAM UK property team defects to Aberdeen
UK – Glenn Newson, former head of UK property at Credit Suisse Asset Management (CSAM), has defected to Aberdeen Property Investors. He has taken six people from his team with him. Newson, who had left CSAM a few years back, joins Aberdeen ...
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News
Corio to issue €923m in notes to finance more retail projects
REAL ESTATE - Property investor and manager Corio is to issue €923m senior unsecured notes, to finance debt and pipeline projects. The issuance – in US dollars - will be made through a private placement to approximately 30 (institution...
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News
Ohio Police & Fire invests in Blackstone opportunity
REAL ESTATE - The Ohio Police & Fire Pension fund has invested $20m (€15.3m) into the Blackstone Real Estate Partners VI opportunity fund. The fund decided on this at recent board meeting, having been advised by real estate consultant, T...
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News
Moor Park buys 91 German and Dutch hotels from Accor
REAL ESTATE – Moor Park, a London-based real estate fund provider, has paid €863m to acquire 72 hotels in Germany and 19 in the Netherlands from French hotel chain Accor. Under the deal, Accor will rent the hotels, which fall under the...
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News
Alaska pension fund on point of infrastructure allocation
REAL ESTATE - The Alaska Permanent Fund(APF) will be making a formal allocation in the near future to infrastructure investments. The outcome at a recent fund board meeting was not to make a formal allocation at this time, though the move will b...
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News
Morgan Stanley clusters alternatives around real estate
REAL ESTATE - Morgan Stanley is to split its $45bn (€34bn) global real estate investment from banking operations – bucking a recent trend for investment banks to merge their operations. Morgan Stanley’s real estate will be house...
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News
CalSTRS makes $3.7bn RE commitments in last quarter of 2006
REAL ESTATE- The California State Teachers Retirement System(CalSTRS) made $3.7bn (€2.8bn) worth of commitments to real estate during the fourth quarter of 2006. Among these commitments were a $200m investment into Heitman Value Partners II ...
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News
ING bullish about global property fundamentals
REAL ESTATE - Global real estate fundamentals will remain healthy in most markets over the next 12 to 24 months, ING Real Estate predicted. "They will be supported by moderating but above-trend economic growth, improved earnings, and the con...
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News
Norwegian fund reveals property investment regions
REAL ESTATE – The Norwegian finance ministry has issued a tender for a company to draft a report on tax issues relating to investments in real estate and infrastructure in 32 markets outside Norway. The report, which is required by mid-June,...
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News
CalPERS narrows search for CalWest buyers
CalPERS narrows search for CalWest buyers REAL ESTATE – The $230bn (€175bn) California Public Employees Retirement System (CalPERS) has narrowed the list of candidates to buy the CalWest industrial portfolio. The four finalists are G...
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PropertyEU Archive
Curzon/IXIS AEW Europe acquires Italian portfolio
Curzon Global Partners/IXIS AEW Europe has acquired a portfolio of 308 assets valued at EUR 247 mln on behalf of European Property Investors from a joint venture between Morgan Stanley Real Estate Funds (MSREF) and Pirelli RE. The portfolio consists of 256 telephone exchange assets leased to Telecom Italia and ...
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PropertyEU Archive
Merrill Lynch mulls $1bn investment in Turkey
Merrill Lynch's Bosphorus Real Estate Fund is planning to invest as much as $1bn in Turkey over the next three years, newspaper The Daily Sabah reported, citing the chairman of Merrill Lynch's local partner Krea. The fund, a joint venture between Merrill Lynch Global Principal Investments and Krea, is considering ...
