Latest reports – Page 3766
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News
Regency Centers forms open-ended $1.2bn retail fund
REAL ESTATE - Regency Centers Corporation has formed a new open-ended investment fund called Regency Retail Partners, LP. There is a total of $370m(€286m) of equity in the fund now. One of the largest investors in the fund is GIC Real Estat...
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News
REIT and pension fund manager setup retail venture
REAL ESTATE - Ramco-Gershenson Properties Trust and Heitman have created a JV to invest in retail properties in selected markets across the US. The total amount of equity in the joint venture is around $159m(€123m). The equity contributions...
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News
Kodak-backed Halladale posts results 8% up
REAL ESTATE - Halladale, the Scottish real estate firm backed by the Kodak pension fund, posted interim pre-tax profits of £4.12m(€6.4m) – an 8% increase over 2005. The results, covering the six months to the end of October 2006...
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News
Morgan Stanley fund buys €400m New York office
REAL ESTATE - Morgan Stanley Real Estate has made a major office building purchase in New York City with the acquisition of the one million2ft. 2 Park Avenue in Midtown Manhattan. The purchase price for the property was $519m(€400m). This w...
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News
Mainland European commercial ‘in sweet spot’
REAL ESTATE - Domestic demand will drive out-performance from mainland European commercial property, according to a report published last week by fund manager Seven Dials. Continued macroeconomic growth, low reliance on US trade and strong labour...
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News
Perennial names van Loen as senior portfolio manager
REAL ESTATE - Perennial Real Estate Investments (PREI) has appointed Boudewijn van Loen as senior portfolio manager Europe. Van Loen, will be closely working with the existing European team of Stuart Pearce and Joseph Daguio, it said. According...
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News
CalPERS to participate in new REIT IPO
REAL ESTATE - The California Public Employees Retirement System figures to be part of a new initial public that should be coming to the market in January. The new REIT being created is called Meruelo Maddux Properties, Inc. The total number of sh...
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News
ABP-backed developer builds tallest high-rise for students
REAL ESTATE - UK student accommodation developer UNITE has secured planning permission for the £35m(€53m) second phase of the world’s tallest student accommodation block. The firm, which is 4% owned by Dutch pension fund ABP, will bu...
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News
Pramerica creates JV to develop senior living in UK
REAL ESTATE - Pramerica Real Estate Investors has put together a joint venture with Sunrise Senior Living to construct senior living properties in the United Kingdom. Jonathan Short, managing director and head of the group’s European merchan...
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News
Three pensions players join forces in Finnish fund
REAL ESTATE - Ilmarinen, the €21.6bn multi-employer pension scheme in Finland, has joined with Dutch pension fund ABP and Denmark’s €49.6bn ATP fund in a Finnish property fund set up specifically for them by Aberdeen. The three ...
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PropertyEU Archive
ING acquires French shopping centre development
ING Real Estate Investment Management (ING REIM) has acquired the Maison shopping centre development in Pas-de-Calais, on the northern coast of France, from the French property group Sopic . The Maison mall has been acquired on behalf of the retail-dedicated property fund ING Retail Property Fund France Belgium. The financial ...
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PropertyEU Archive
Meinl to raise EUR 1.5 bn in share issue
Austrian development company Meinl EL has announced it will raise about EUR 1.5 bn through the issue of 75 million new shares at a price of EUR 19.7 each. The offer period will start on January 22 and will end on February 9, 2007. The proceeds are expected to be ...
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PropertyEU Archive
C&W secures EUR 55 mln office building
Cushman & Wakefield Investors has completed the purchase of a Paris office building sold by the commercial property investment company Unibail for EUR 55 mln, excluding tax. Located in the 17th arrondissement of Paris, the building is 95% let and provides an area of 4,663 m[sup]2[/sup] with 98 parking spaces ...
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PropertyEU Archive
Riofisa backs EUR 2 bn takeover by Inmocaral
Riofisa is backing a EUR 2 bn takeover offer made by peer Inmocaral. At EUR 44.31 per share, the offer is 4.2% lower than Riofisa's closing price last Friday. The deal is expected to create the largest property company in Spain which, with a market value of EUR 14.846 ...
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PropertyEU Archive
ORN Capital launches 1st property derivatives hedge fund
Hedge fund manager ORN Capital has launched the first property derivatives hedge fund, capitalising on the growth in this emerging market. The ORN Property Derivatives Fund will focus initially on the UK where the property derivatives market is more developed. The fund has been seeded internally with ORN proprietary capital ...
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PropertyEU Archive
City Inn plans Amsterdam's largest hotel
Dutch real estate company Bouwfonds MAB is to develop the largest hotel in Amsterdam on behalf of London-based hotel group City Inn. The hotel, scheduled to open in 2012, will have 550 bedrooms, plus restaurants and conference facilities.
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PropertyEU Archive
Hypo RE bank completes Moscow office financing
Munich-based Hypo Real Estate Bank International has provided London & Regional Properties with $61 mln (EUR 47 mln) senior financing for the purchase of the Ducat Place II office building in Moscow. Ducat Place II is a 10-storey, 19,146 m[sup]2[/sup] office tower. Its tenants include Morgan Stanley, Motorola, DTZ and ...
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PropertyEU Archive
Vancouver mall sells for EUR 137 mln
A private investor has acquired the Vancouver shopping centre in Kings Lynn, southern England for EUR 137 mln. The price reflects a net initial yield of 4.7%. The scheme, recently completed, comprises 27, 870 m[sup]2[/sup] of retail space with a further 6,967 m[sup]2[/sup] scheduled for development. The mall is anchored ...
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PropertyEU Archive
US real estate fiancier seeks 15% share in Germany
US bank Wachovia is to proceed with a major expansion of its real estate financing business in Germany. 'Our plan is to become one of the market leaders in real estate financing in Germany within five years', Peter Riemenschneider, Germany director of Wachovia unit Real Estate Capital Markets, has told ...
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PropertyEU Archive
Ballester, Monteverde 'to set new property group'
Property companies Ballester and Monteverde have agreed to jointly found a new real estate company and an agreement may be signed next week, according to unnamed sources from the sector. The new company will be owned 80% by Ballester and 20% by Monteverde and will start with a capitalisation of ...
