Latest reports – Page 3762
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PropertyEU Archive
Repsol sells EUR 160 mln in assets
Repsol YPF, Spain's largest oil company, announced it has sold property assets worth EUR 160 mln via an auction in Madrid. The disposals include a 8,300 m[sup]2[/sup] building with 90 parking spaces for EUR 65 mln, a 700 m[sup]2[/sup] office complex with seven parking spaces located in the Azca building ...
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News
M&S plugs pension deficit with real estate
REAL ESTATE - UK retailer Marks & Spencer is to plug a £704m (€1.07bn) hole in its pension fund via a property partnership that will see the retailer sell and lease back its £1.1bn property portfolio.
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News
US retirement fund to invest in more international funds
REAL ESTATE - San Bernardino County Employees Retirement Association will be looking to invest more capital into commingled real estate funds that pursue an international real estate strategy. Don Pierce, who is the investment officer for the pens...
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News
Prupim purchases €123m Scottish centre for M&G
REAL ESTATE - Prudential Property Investments (Prupim) has purchased the Wellgate Shopping Centre in Dundee from HBG Properties, it announced. The €123m transaction was on behalf of the M&G Property Portfolio, it said. The retail cent…
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News
UK ports report by MPs slams foreign investors
REAL ESTATE – A UK parliamentary committee has urged government caution over attempts by foreign investors to acquire British ports. The recommendation would have blocked Borealis, a subsidiary of Canadian pension fund Ontario Municipal Emp...
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News
New Jersey fund to invest $100m with Blackstone
REAL ESTATE - The New Jersey Division of Investment has approved a $100m(€77m) commitment into the Blackstone Real Estate Partners VI. The pension fund approved this investment at its board meeting on January 18. The pension fund will put t...
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News
ING facilitates €260m credit for London City office
REAL ESTATE - ING Real Estate Finance has completed a €260m credit facility for the acquisition of 88 Wood Street, London EC2 by a co-investment partnership, it said. The transaction involved the largest asset purchase by ING in the UK so f...
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News
German corporates to sell real estate to create REITs
REAL ESTATE – Over a quarter (27%) of quoted German corporates had concrete plans to sell their property holdings to create real estate investment trusts (REITs), according to a study by German real estate fund firm DEGI. Legalisation of Ger...
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News
Mars pension fund sells off Nottingham office
REAL ESTATE - Mars Pension Trustees have sold off a four-story Nottingham office block to fund managers Warner Estate Holdings and Morley Fund Management for €23.2m. A spokesman for the UK pension fund declined to comment on the reasons for...
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News
Ohio Police & Fire issues RFP for independent fiduciary
REAL ESTATE - The Ohio Police & Fire Pension Fund has issued a request for proposal (RFP) for an independent fiduciary to evaluate a portion of its real estate portfolio. The responses are due to the pension fund on or before 3:00 PM eastern tim...
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News
Nieuwe Steen mulls cooperation with Israeli player
REAL ESTATE - Dutch real estate development company Nieuwe Steen Investments (NSI) has entered exploratory talks on cooperation with Israel-based property developer Habas HZ Investments, it announced. At Habas’ request, NSI is investigating ...
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News
Macquarie opens in Frankfurt and Paris to boost continental real estate
REAL ESTATE – The real estate fund arm of Australian investment bank Macquarie has this month opened offices in Frankfurt and Paris to step up its investments on the European continent. "We see great potential for both office and logis...
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News
Great Point to expand into US commingled fund business
REAL ESTATE – In the US, Great Point Investors will be expanding into the commingled fund real estate business for the first time with its Great Point Value Fund. Principal Gary Schwandt said, "It’s our opinion that most pension ...
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News
Dutch investor ups allocation with UK retail
REAL ESTATE – Netherlands-based TKP Pensioen, a subsidiary of Aegon, last week announced that it had invested €52m in Standard Life’s €2.8bn UK shopping centre fund. The Dutch pension fund manager said the move w as part ...
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News
Morgan Stanley sets up senior housing JV
REAL ESTATE - Morgan Stanley Real Estate has created a senior housing joint venture with National Health Care Properties. Dave Hardman is head of US real estate investing for Morgan Stanley. He said, "We feel good about doing business with ...
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News
S&P launches global property index for ‘liquidity and tradability’
REAL ESTATE – Index provider S&P has launched the Global Property 40 Index to provide exposure to 40 leading companies in the global real estate markets. The index is made up of large, well traded, liquid companies from North America, Eu...
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PropertyEU Archive
Rodamco Europe announces share split initiative
Dutch-based Rodamco Europe plans to split its shares on a ratio of four new shares for one existing share to boost liquidity and 'make the share more accessible for private investors'.
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PropertyEU Archive
Caja Madrid, FCC to list property JV
Spanish bank Caja Madrid and construction company Fomento de Construcciones y Contratas SA (FCC) are to list 49% of their property joint venture Realia Business on the stock exchange.
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PropertyEU Archive
Moorfield buys 24 hotels in UK
Moorfield Real Estate Fund has paid £400 mln (EUR 605 mln) to acquire 24 hotels in the UK from MacDonald Hotels & Resorts. The terms of the deal specify that MacDonald will continue to manage the properties in the short term. It will face off again two international hotel companies ...
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PropertyEU Archive
VastNed makes second Dusseldorf office buy
VastNed O/I has purchased a 8,500 m[sup]2[/sup] office building in the German city of Dusseldorf for EUR 18.2 mln, reflecting a net initial yield of 6%. The company said the annual rent income of EUR 1.2 mln, or EUR 130 per square metre, is below the market average.
