Latest reports – Page 3751
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News
SoCal office of ING Clarion to focus on value-added deals
REAL ESTATE - The Southern California office of ING Clarion Partners will be focusing on more value-added investments for 2007. Managing director Richard Pink said: "Our investment plan for this year is to emphasise more value-added kind of ...
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News
No slowdown in real estate transactions in Europe’s €6trn market
REAL ESTATE - A study of European portfolio transactions claims new supply and niche portfolios will drive continued investment in the real estate sector. The report, published last week by Sireo Research and the Centre for European Economic Res...
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News
Mass PRIM approves value-added strategy with $300m commitment
REAL ESTATE - Massachusetts Pension Reserves Investment Management Board(Mass PRIM) has approved a new value-added investment policy for its real estate portfolio. The pension fund took this action at its board meeting earlier this month. It was as...
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News
Swiss Partners Groups acquires PCA in US
REAL ESTATE - Swiss alternatives asset manager Partners Group said it had acquired the private real estate investment arm of US-based Pension Consulting Alliance (PCA). Financial details were not disclosed. Partners Group said that as a result of ...
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News
German pension scheme sells off Hamburg residential
REAL ESTATE - An unnamed north German pension fund has sold a 55-unit residential portfolio in Hamburg to property firm Hanseati for €4m. The ageing portfolio of 55 housing units and 28 parking bays is located in Alsterdorf-Winterhude. The ...
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News
Los Angeles Fire & Police adds commingled fund activity
REAL ESTATE - The Los Angeles Fire & Police Pension System is expanding its activity in investing in commingled funds. The pension fund is looking at placing $90m(€68.5m) into three funds. One of these commitments has already been appro...
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News
Sweden’s Alecta buys Dutch distributon centre
REAL ESTATE – The €44bn Swedish occupational pensions mutual Alecta has bought a Dutch, Venlo-based distribution centre for nearly €11m. Real estate investment company Arlington, which has bought the complex for Alecta, said that...
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News
APK fund invests CHF50m in Swiss housing projects
REAL ESTATE – Aargauische Pensionskasse (APK), a CHF5.5bn (€3.4bn) pension fund for Swiss civil servants, has invested CHF50m in two separate housing projects in the city of Aarau. The projects, which include 65 new flats for the elde...
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News
Kardan targets China in major expansion drive
REAL ESTATE – Dutch real estate group Kardan will invest $55m (€42.4m) has reported that its subsidiary GTC RE Real Estate will be developing a housing project in Shenyang, a city in the north of China. This will be the fourth real esta...
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PropertyEU Archive
Core shareholders set to split up Metrovacesa
Metrovacesa's chairman Joaquin Rivero and the Sanahuja family are planning to split up Spain's largest developer in an agreement that will end a year-long battle for control of Metrovacesa. Under the plan, Rivero and his investor partner Bautista Soler will become 'reference shareholders' of France's Gecina, in which Metrovacesa holds ...
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PropertyEU Archive
JER, IPAM buy German portfolio
JER Partners has set up a joint venture with Germany's International Property Asset Management (IPAM) to purchase three commercial properties in the north of Germany from a mortgage bank for EUR 18.5 mln. The transaction represents the first step for US-headquartered JER Partners towards the development of a commercial property ...
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PropertyEU Archive
BLD to raise EUR 22 mln for future investment
Bulgarian Land Development (BLD) is to raise £15 mln (EUR 22.2. mln) through a placing of 15 million new ordinary shares at £1 each in London. Shareholders are to vote on the board's proposal at an extraordinary meeting on March 14, 2007. The company is planning to use the ...
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PropertyEU Archive
Dransfield set to re-develop Manchester site
Manchester city council has approved a plan by urban regeneration specialist Dransfield Properties for a £40 mln (EUR 60 mln) redevelopment of the Openshaw district of the city. The project involves the development of a new town centre comprising a large food store, 13 retail units, office accommodation and a ...
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PropertyEU Archive
Moscow to get 25 new theatres
Twenty five theatre buildings will be developed in the Russian capital and a further 18 are to be renovated, the head of Moscow's culture committee, Sergei Khudyakov, has announced. 'The Moscow government works constantly to improve the city's cultural establishments,' he said. Construction of the Stanislavsky and Nemirovich-Danchenko State ...
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PropertyEU Archive
Sainsbury talks rumour dismissed as 'red herring'
A newspaper report suggesting that Marks & Spencer has been in talks with Three Delta and Delta Two funds to launch a bid for the UK's third-largest supermarket chain Sainsbury have been dismissed as a 'red herring'.
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PropertyEU Archive
Quinlan Private snaps up prime Munich property
A consortium of investors led and advised by the international property investment and advisory group Quinlan Private has acquired the Maximilianhofe complex, a flagship property on Munich's Maximilianstrasse, from Doughty Hanson & Co Real Estate for EUR 270 mln.
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PropertyEU Archive
Billa Romania eyes expansion
Retailer Billa Romania, a subsidiary of German Rewe, is planning to expand its supermarket chain by eight to 10 outlets in 2007. The company's ceo Wolfgang Janisch said it will invest an average of EUR 5 mln in each supermarket, and plans to open new outlets in cities including Medias ...
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PropertyEU Archive
Sonae Sierra, Miller join forces in Granada complex
International retail developer Sonae Sierra and British company Miller Developments have established a joint venture for the construction of a new shopping and leisure centre in the Las Pulianas district of Granada, southern Spain. The total investment for the project will be EUR 107 mln.
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PropertyEU Archive
Skanska pulls out of Russia
Swedish construction giant Skanska is pulling out of Russia to focus on more profitable markets in Europe and in the Americas. Skaska has been in Russia since 1902, but the Russian market only accounts for half a percent of the company's revenues.
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PropertyEU Archive
Challenger Financial forms European joint venture
Australia's Challenger Financial Services Group has entered into a joint venture with Protego Real Estate Investors, a London-based real estate manager and investor, to expand its position in Europe. 'The European market represents a significant opportunity for our asset management division to secure high quality assets that offer returns consistent ...
