Latest reports – Page 3747
-
News
More US pension fund capital headed to foreign investment funds
REAL ESTATE – Additional pension fund capital in the United States is being invested in commingled funds with a foreign investment strategy. Two of the most recent examples of this are with Los Angeles County Employees Retirement Association (L...
-
News
Deka to invest more outside Germany
REAL ESTATE – Germany’s Deka says its real estate funds for institutional investors plan to invest €550m in new properties over the near term, with €250m going to German objects and €300m to those outside of Germany....
-
News
Threadneedle FoF ‘meets European demand’
REAL ESTATE – Threadneedle is to launch a pooled property fund of funds in response to demand for diversified European exposure from UK and continental European pension funds, the fund manager announced last week. The Luxembourg-listed SICA...
-
News
Pennsylvania State fund expands opportunity commitments
REAL ESTATE – Pennsylvania State Employees Retirement System is expanding its commitments to placing capital in opportunity real estate funds. The pension fund will be interviewing Angelo Gordon & Co. at its March board meeting for a pos...
-
News
Corio acquires 49% of Italian retail centre
REAL ESTATE – Property owner and manager Corio has reached an agreement on the acquisition of a 49% stake in retail centre Citta Fiera in Udine, Italy, paying €87m. The centre comprises 70,800 square metres of gross lettable area in to...
-
News
SLI abandons caution on Germany
REAL ESTATE – Standard Life Investments has abandoned its long-held caution over the sustainability of Germany’s nascent economic recovery and has made its first investments in the market. The fund manager announced last week that it had ...
-
News
Habas refrains from Nieuwe Steen offer
REAL ESTATE – Israeli property investor Habas HZ Investments will not make a public offer for a stake in the Netherlands based Nieuwe Steen Investments, the Dutch firm has said. At Habas’ request, NSI was investigating a possible strat...
-
News
CalPERS invests $155m in opportunity investments
REAL ESTATE – California Public Employees Retirement System has approved two opportunistic real estate investments totaling $155m (€118m). One of these investments was $80m that was placed into the Fortress Holiday transaction. This i...
-
News
Hermes sells upmarket retail
REAL ESTATE – Hermes, the UK asset manager owned by the BT Pension Scheme, is to sell its 50% stake in the Glaswegian specialist shopping centre Princes Square. The asking price for the centre, which is co-owned by the insurer Clerical Medi...
-
PropertyEU Archive
Helaba shelves IPO for residential unit
German bank Landesbank Hessen Thuringia (Helaba) has confirmed it has put the idea of floating its residential real estate subsidiary GWH on ice, but it did not elaborate on its reasons for the decision. GWH administers 50,000 dwellings, including 40,000 in its own portfolio, and had a turnover of EUR ...
-
PropertyEU Archive
DCD, Witkoff buy London landmark for £280m
The Witkoff Group, a New York-based real estate investor, and a subsidiary of London's DCD Group have jointly acquired Devonshire House in London from Land Securities for over £280 mln (EUR 417 mln). The 15,619 m[sup]2[/sup] landmark building is on an island site in Piccadilly between Stratton Street, Berkeley Street ...
-
PropertyEU Archive
Nunez y Navarro buys Bayer HQ in Barcelona
Catalonia-based Nunez y Navarro has purchased Bayer's Barcelona headquarters for EUR 100 mln. The complex includes two adjacent buildings providing 9,000 m[sup]2[/sup] of office space in the central street Corcega y Pau Claris, near Paseo de Gracia.
-
PropertyEU Archive
Construction starts for Duisburg Forum centre
Construction started on Monday for the development of the multi-functional Forum Centre in the centre of Duisburg, western Germany. Developed by Multi Development, the project includes retail, leisure and gastronomy areas, and is part of the major City Palais development, featuring offices, a Mercator Hall concert and congress centre, a ...
-
PropertyEU Archive
Rodamco boosts development activities ahead of FBI changes
Rodamco Europe plans to strengthen its development activities in the countries in which it is active in Europe. 'This will lead to more income, higher margins and a better-quality portfolio', ceo Maarten Hulshoff said at the presentation of the annual results Monday.
-
PropertyEU Archive
Third of Rotterdam development for offices - official
About 33% of the 400,000 m[sup]2[/sup] development planned in the vicinity of Rotterdam's central train station will be allocated to offices, it has emerged. Last week, a spokesperson for the municipality suggested the vast majority of the space would be used for offices, with the addition of 100 residences ...
-
PropertyEU Archive
UK Treasury to earn £1bn REIT 'windfall'
The British Treasury is to earn a £1 bn-plus 'windfall' in 2007 from the conversion charge that property companies must pay when they opt for tax-efficient real estate investment trust (REIT) status, according to a report in a British newspaper.
-
PropertyEU Archive
Sodexho quashes rumour of JLL bid
French food and services group Sodexho Alliance has poured cold water on a newspaper report that it was about to make a $5 bn (EUR 3.8 bn) bid for global property advisor Jones Lang LaSalle.
-
PropertyEU Archive
Meinl set to develop EUR 200 mln Istanbul mall
Vienna-listed Meinl European Land has won a public tender to buy a 90,000 m[sup]2[/sup] plot of land in Istanbul for EUR 100 mln. Meinl is planning to develop a EUR 200 mln shopping centre with a lettable area of around 50,000 m[sup]2[/sup] on the site. The shopping centre will be ...
-
PropertyEU Archive
NH Hotels to finalise Jolly Hotels takeover
NH Hoteles said its Grande Jolly unit is offering EUR 25 per share for the remaining 25.53% of Jolly Hotels that the holding company does not already own. NH said the stake, currently in the hands of minority shareholders, is valued at EUR 127.6 mln.
-
PropertyEU Archive
Africa-Israel to list Russian joint venture
Africa-Israel Investments, the conglomerate chaired by Israeli billionaire Lev Leviev, has submitted a draft of a prospectus for an initial public offering of shares in its Russian real estate joint venture Stroicom on the London Stock Exchange (LSE).
