Latest reports – Page 3786
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News
Belgium in €500m real estate sell-off
REAL ESTATE – The Belgian federal state is selling off government property, among which some historic buildings, to balance this year’s budget showing a €500m gap. In a notice of sale the Belgian Federal State today announced tha...
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News
CalPERS finalises office building venture
REAL STATE - The California Public Employees Retirement System has finalised plans for a new office building investment partnership. It’s called Fifth Street Properties II, LLC. The venture has a total of $2bn of capital available to invest...
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News
Sharia’a compliant real estate fund launched
REAL ESTATE – A new Sharia’a-compliant real estate fund has been launched by the European Islamic Investment Bank. Knight Frank Investment Management will source real estate deals on behalf of the EIIB Pan-European Islamic Real Estate...
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News
San Francisco City & County places $100m
REAL ESTATE - The San Francisco City and County Employees’ Retirement System has approved new real estate investments of $100m with Capmark Investments, L.P. This action was taken by the pension fund at its board meeting last month. It was ...
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News
Institutions must embed SRI for real estate – UN
REAL ESTATE – The United Nations has called for real estate investors to consider the environment when they make portfolio decisions. The UN’s Environment Programme Finance Initiative has launched a working group on responsible propert...
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News
ABP scales down stake in real estate group
REAL ESTATE - The €201bn civil service pension fund ABP has decreased its majority stake in real estate group Vesteda to 46.7%, Vesteda said. During five transactions, ABP has sold 13.4% of equity, worth €450m in total. The amount was ...
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News
German insurer Gerling in residential sell-off
REAL ESTATE – German life insurance group HDI Gerling has sold more than 2,600 residential units to Patrizia Immobilien for around €300m. Patrizia said it bought the portfolio – comprising 2,737 residential and commercial units &...
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News
LA County fund to look at international
REAL ESTATE - The Los Angeles County Employees Retirement Association will be looking at making some international real estate investments over the next 12 months. Its Principal Investment Officer for Real Estate John McClelland said, "We wi...
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News
New real estate investment bank launched
REAL ESTATE – A new real estate investment bank has been launched by former executives at HSBC and Jones Lang Lasalle. "We announce the establishment of Lowndes Partners, LLP an independent investment bank specialising in financial adv...
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PropertyEU Archive
Axa Property Trust goes Christmas shopping
Axa Property Trust has announced it expects to make new acquisition shortly following on from its purchase of three out-of-town retail warehouses in Montabaur and a plot of land next to an existing property in Kraichtal, both in Germany, for a total of EUR 19.4 mln.
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PropertyEU Archive
Pan-European Islamic RE fund launched
The European Islamic Investment Bank (EIIB) has announced the launch of a Sharia-compliant fund that will directly purchase office, retail and industrial real estate in and around major cities across Europe. EIIB appointed Knight Frank Investment Management as the fund advisor with responsibility for sourcing real estate deals and managing ...
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PropertyEU Archive
Hypo RE arranges EUR 28 mln financing for Redgroup
Munich-based Hypo Real Estate Bank has completed a EUR 28 mln facility for Redgroup to refinance the Nagano Office and Technology Park in Prague. Named to commemorate the success of the Czech ice hockey team at the Nagano Olympics, the Nagano Park comprises four office buildings and a data centre.
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PropertyEU Archive
Restaura acquires Paris buildings for EUR 64.5 mln
Catalan Restaura has acquired five buildings in the centre of Paris through its quoted French subsidiary R-SIIC, the property company announced in a press release. The assets, purchased for a total price of EUR 64.5 mln, are located in one of the capital's major street, Rue Rivoli, and have a ...
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PropertyEU Archive
Sacyr to seek seat on Eiffage's board
Spanish property development company Sacyr Vallehermoso will try to get a seat on Eiffage's board later this week, Spanish national newspaper ElPais reported. The company intends to obtain the seat previously occupied by Belgian group Frere, who sold the 6.1% stake he held through his French investment vehicle, ...
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PropertyEU Archive
Dubai acquires London's Shell-Mex for EUR 768 mln
Istithmar, the Dubai government investment agency, has reportedly bought the Shell-Mex office property in London for 'almost £520 mln' (EUR 768 mln). The striking building was sold by a consortium that includes Robert and Vincent Tchenguiz, and David and Simon Reuben, Property Week magazine reported.
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PropertyEU Archive
Earls Court to be sold for EUR 591 mln
Targetfellow Group, a private real estate company based in the UK, is reportedly in advanced talks to buy the twin Earls Court and Olympia exhibition centres in London for £400 mln (EUR 591 mln).
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PropertyEU Archive
NCC divests Finnish mall for EUR 25.4 mln
Sweden's NCC Property Development has divested the Sveitsin Portaali shopping center and a traffic service station development in Hyvinge, Finland for about SEK 230 mln (EUR 25.4 mln). NCC said the sale would generate a positive result of about SEK 40 mln (EUR 4.4 mln), which will be included in ...
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PropertyEU Archive
Danes acquire Cornish, Welsh supermarkets
A Danish syndicate has acquired two outlets of the Somerfield supermarket chain in the UK for £11.02 mln (EUR 16.2 mln) from property company British Land.
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PropertyEU Archive
Habitat offers EUR 2 bn for Ferrovial
Spanish property company Habitat has launched an offer for peer Ferrovial Inmobiliaria, and is currently the front-runner in the bidding together with Lubasa, Spanish newspaper BolsaCinco reported. Although the price of the offer was not disclosed, sources close to the company said the transaction is valued around EUR 2 bn.
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PropertyEU Archive
CGG acquires logistics properties for EUR 50 mln
Commerz Grundbesitz-Spezialfondsgesellschaft (CGS), a subsidiary of Germany's Commerz Grundbesitz Group, has signed the contract for the acquisition of three logistics properties in the North Rhine Westphalia region of Germany for about EUR 50 mln. The buildings are earmarked for the company's EURO Logistik 1 special property fund for institutional investors.
