Latest reports – Page 3746
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PropertyEU Archive
Norway's pension fund may plough $28 bn into real estate
Norway's $287 bn (EUR 217 bn) global pension fund may invest as much as 15% of its assets in property and leveraged buyout funds in a major move to boost returns, Knut Kjaer, head of the fund, said in an interview with website PropertyInvesting.
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PropertyEU Archive
Morgan Stanley buys office near Paris
Morgan Stanley's open investment fund P2 Value has acquired an office development in Arcueil, a southern suburb of Paris, for EUR 81.13 mln. The property will provide some 13,774 m[sup]2[/sup] of offices and 580 parking spaces, French newspaper Business Immo reported. Let to France telecom on a 9-year leasing contract, ...
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PropertyEU Archive
Arab investors buy London's highest tower development
German capital investment company Union Investment Real Estate has sold London's highest proposed development - the Bishopsgate tower - to the Pinnacle Ltd, an offshore investment vehicle sponsored by Arab Investments. The financial details of this transaction have been kept confidential by the two companies but some media outlets suggested ...
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PropertyEU Archive
Colliers leases 25,000 m[sup]2[/sup] of warehouse in Latvia
Commercial real estate firm Colliers International announced it has leased 25,000 m[sup]2[/sup] of warehouse premises to DHL Exel Supply Chain in the Eirkel business park in Jelgava, central Latvia. DHL Exel Supply Chain, a leading company in contract logistics, will occupy some 25,000 m[sup]2[/sup] of space.
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PropertyEU Archive
MIPIM chalks up new 'occupancy' record
Some 25,000 property professionals are expected to attend the MIPIM property market in Cannes on the French Riviera, a 16% increase on the record set in 2006.
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PropertyEU Archive
VIB set to invest EUR 200m in commercial property
Real estate holding company VIB Vermoegen is planning new investments in commercial real estate for 2007 and is currently negotiating new high-yield investments amounting to a total volume of EUR 200 mln, the Bavaria-focused group has indicated in a press release.
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PropertyEU Archive
Bouygues develops new business district near Paris
Construction work has begun on the Seine Ouest project, a new business district to be developed in Issy-les-Moulineaux in the western outskirts of the French capital. Launched by a partnership between French developer Bouygues Immobilier, the Paris and Issy-les-Moulineaux's city authorities, the office scheme will comprise 160,000 m[sup]2[/sup] of lettable ...
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PropertyEU Archive
Colonial plots retail expansion in Europe
A group of investors led by Domingo Diaz de Mero is planning to buy a 10% stake in Colonial after the Spanish firm merges with peer Inmocaral. The investors interested in Colonial are part of the investment group Global Consulting, which is chaired by Mero and also includes the Sanahuja ...
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PropertyEU Archive
Reform of open-ended funds hit by delay
The re-enactment of the German Investment Act, which includes a number of new regulations for open-end property funds, has been delayed due to the harsh criticism voiced by interest groups and capital investment companies, newspaper Borsen Zeitung has reported. The cabinet meeting scheduled for February 14 has been moved back ...
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PropertyEU Archive
UK property derivative market grows to £4.68 bn
Total trades in the UK Commercial Property Derivatives market grew to £4.68 bn (EUR 6.94 bn) by the end of 2006, according to the IPD Annual Index. The total volume for 2006 was £3.57 bn, a 300% increase over the previous two years.
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PropertyEU Archive
Blackstone purchases Deutsche Hotels for EUR 720m
US private equity group Blackstone has acquired the German Deutsche Inter Hotels for EUR 720 mln, strengthening its position as the world's biggest hotel landlord.
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PropertyEU Archive
VGH to invest EUR 60m in Hannover
Insurance group VGH is planning to invest some EUR 60 mln in the German city of Hannover for the development of three properties. The firm will occupy one building and it is looking for tenants for the remaining buildings that comprise offices and residential units. Completion is scheduled for the ...
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PropertyEU Archive
Wereldhave explores Turkey, US
Dutch property group Wereldhave is examining Turkey and the west coast of the US for new investment opportunities. In particular, Wereldhave is studying the possibilities for development of retail and residential projects in Istanbul, the largest city in Turkey.
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PropertyEU Archive
'Green building' lobby group sets up in UK
Thirty six leading property companies are joining forces in the UK to launch a green organization to promote sustainability in the industry, which currently accounts for 45% of UK's carbon emissions. The new UK Green Building Council (GBC) will be presented at the international forum Ecobuild in London. It will ...
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PropertyEU Archive
Hermes sells Glasgow's Princes Square
UK asset manager Hermes is to sell its 50% stake in the Princes Square shopping centre in Glasgow, Scotland. The asking price for the centre, which is co-owned by the insurer Clerical Medical, is in excess of £61.13 mln (EUR 91.14 mln), reflecting a net yield of 4.85%. The average ...
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PropertyEU Archive
St Modwen picked for Medway's £1bn regeneration
UK-based St Modwen has been appointed by Medway's city council as its partner to carry out a £1 bn (EUR 1.5 bn) development to transform Medway in 'a world-class city'. St Modwen, a regeneration specialist, is to embark in a major 15-year programme that will deliver new shops, restaurants, ...
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PropertyEU Archive
Slough Estates sells Basildon sites
Slough Estates International (SEI) has sold seven sheds and an office building to investment and asset management group Catalyst Capital for £30.8 mln (EUR 45.8 mln). The transaction includes two investments at Southfields Industrial Estate in Basildon, southern England.
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News
Shorenstein to buy portion of former EOP portfolio
REAL ESTATE – Shorenstein Properties LLC is working on a transaction that involves acquiring all of the Portland, Oregon, office building assets of the former Equity Office Properties Trust (EOP) portfolio. The properties are now owned by Bl...
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News
Penwood to consider next commingled fund
REAL ESTATE – Penwood Real Estate Investment Management is looking to start raising money for its next commingled fund. Principal John Hurley said, "We are now at the point in investing in California Select Industrial Partners…We...
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News
Fidelity launches Asia Pacific property fund
REAL ESTATE – Fidelity International has launched an Asia Pacific property fund, which will invest in real estate companies in both developed and emerging markets in the region, it has announced. "The fund will allow investors to benef...
