Latest reports – Page 3790
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News
Shropshire fund moves out of UK property
REAL ESTATE - Shropshire County Council pension fund is seeking an investment manager for a £43m (€63.7m) pan-European real estate portfolio. The move reflects a wider trend for UK pension funds to move out of the domestic real estate ...
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News
GE scheme sets up California industrial venture
REAL ESTATE - The General Electric Pension Trust has put together a new $55m joint venture with Master Development Corporation to invest in industrial properties in Southern California. GE put in $50m, with the balance coming from Master Developme...
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News
Newham fund diverts into infrastructure
REAL ESTATE - The London Borough of Newham pension fund is to invest £30m (€45m) in infrastructure. The investment, which follows a strategic review and is the fund’s first in infrastructure, reflects a desire to influence the beta a...
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News
CSAM buys Amsterdam office complex
REAL ESTATE – Credit Suisse Asset Management (CSAM) has bought an Amsterdam office complex for €174m (£117.27m) from ING Real Estate, which had the building on a long-term lease. ING announced Credit Suisse has bought the complex ...
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News
USS buys into Bulgarian real estate developer
REAL ESTATE – The £26bn (€38.5bn) Universities Superannuation Scheme, the pension fund for university staff, has made a move to increase it Eastern European real estate holdings. In an announcement Bulgarian Land Development Plc, ...
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News
Jones Lang LaSalle opens in Dusseldorf
REAL ESTATE – Jones Lang LaSalle, the US real estate broker and asset manager, says that from January 1, it is creating a new German asset management services unit based in Düsseldorf. JLL said that to lead the unit, it had recruited Hi...
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News
Ohio School scheme commits to retail fund
REAL ESTATE - The School Employees Retirement System of Ohio has approved up to a $50m commitment into the Retail Enhancement Fund. The fund took this action at its board meeting in mid November. This is a commingled fund that is managed by M...
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News
US, Dutch, Irish schemes buy in Stockholm
REAL ESTATE - Pramerica, Prudential's European investment management subsidiary, is to invest $65m in a venture to acquire Swedish residential on behalf of unnamed US institutional investors and Irish and Dutch pension funds. The firm said it wou...
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News
SEB offers Baltic portfolio to pension funds
REAL ESTATE - Swedish bank SEB is to sell off its Baltic real estate portfolio – probably to a pension fund – as part of its bid to get out of property. Anders Arozin, deputy head of SEB’s Eastern European banking operations, sa...
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News
Ernst & Young names real estate head
REAL ESTATE – Ernst & Young have named Dean Hodcroft as its new head of Real Estate, Hospitality and Construction (RHC). After 18 years with the firm, Hodcraft, 39, will now lead the 1,000-strong group for the UK and NEMIA region - which...
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PropertyEU Archive
GE acquires two London office properties for EUR 37 mln
The UK arm of GE Real Estate has acquired two office properties in London for about £25.1 mln (EUR 37 mln. Commercial Property News reported that GE Real Estate bought 4 Tenterton Street, near Hanover Square in the West End, for £17.6 mln from Scotts Ltd. and 16-18 New ...
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PropertyEU Archive
Kardan closes EUR 215.6 mln Warsaw deal
Kardan has announced its Globe Trade Centre real estate subsidiary has signed the final agreement for the sale of the Mokotow Business Park in Warsaw for EUR 215.6 mln to Heitman European Property Partners III Fund. Both sides agreed the price could be modified by up to EUR 1.8 mln.
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PropertyEU Archive
Sofia business park sets EUR 180 mln record
Germany's Linder Group has sold Business Park Sofia to Gramercy Capital, a US-based REIT, for EUR 180 mln. The price paid for the office, warehouse and logistics property has set a record in Bulgaria, according to a report on the website of a local newspaper. The transaction related to 12 ...
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PropertyEU Archive
IVG tipped to buy London's 'Gherkin' for almost EUR 891 mln
The Asticus unit of Germany's IVG Immobilien has won the battle to buy the landmark 'Erotic Gherkin' skyscraper in the City of London from reinsurer Swiss Re for close to £600 mln (EUR 891 mln), UK newspaper Sunday Times has reported. Without citing any sources, the paper said Swiss Re ...
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PropertyEU Archive
Foundation stone laid for La Coruna mall
Francisco Javier Losada de Azpiazu, the mayor of La Coruna and the managing director of Multi Development Spain, Victor-Manuel Gomez Izquierdo, have this week laid the foundation stone to mark the start of construction work of the Espacio Coruna mall in Galicia, north-western Spain.
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PropertyEU Archive
Pirelli to raise EUR 90 mln in treasury sale sell-off
Italian real estate company Pirelli RE is to sell 1.67 million treasury shares - 3.9% of its total share capital - to institutional investors to raise about EUR 90 mln. In a statement, Pirelli said it had mandated Deutsche Bank to place the treasury shares to 'free up capital to ...
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PropertyEU Archive
Ahold to sell Polish operations for EUR 375 mln
Dutch retail group Ahold plans to sell its operations in Poland to France's Carrefour in a deal valued at EUR 35 mln. Ahold currently operates 179 supermarkets under the 'Albert' brand, four Hypernova hypermarkets and four gas stations in Poland. It employs about 10,000 people.
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PropertyEU Archive
Skanska invests EUR 27.6 mln in Malmo court complex
Skanska is to invest SEK 250 mln (EUR 27.6 mln) in a new court of appeal building in the Universitetsholmen development in Malmo. The Swedish construction giant and the National Courtsd Administration have signed a 20-yearleasing agreement, Skanska announced on Monday. Universitetsholmen is the largest of the two development areas ...
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PropertyEU Archive
Builder Acciona to sell FCC stake for EUR 1.5 bn
Acciona, a Madrid-based construction group, is to sell its 15% stake in larger rival FCC to real estate company Grupo Inmocaral for EUR 1.5 bn to raise funds for its drive to takeover Spanish utility Endesa.
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PropertyEU Archive
Work begins on EUR 50 mln Milan office property
Construction work has begun on a 18,000 m[sup]2[/sup] office building att he MiNEC business park development in the north-east of Milan. The MiNEC West building has been pre-sold by Ulisse Due to a client of Wharton Asset Management for EUR 50 mln, property advisor DTZ said. DTZ and Iambic Estates ...
