Latest reports – Page 3794
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News
Ontario Teachers take to the seas
REAL ESTATE - The Ontario Teachers Pension Plan has acquired four marine container terminals for US$2.4bn (€1.8bn). The acquisition, from Hong Kong’s Orient Overseas (International), comprises New York’s Staten Island, a terminal in...
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News
New Jersey makes $425m commitment
REAL ESTATE - The State of New Jersey Division of Investment has approved commingled fund real estate investments totaling $425m. One of these investments was made with a manager that the pension fund had already made a commitment to. This was wi...
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News
Ipswich council pitches regeneration project
REAL ESTATE - Ipswich local authority in eastern England is to seek pension fund investment in a regeneration project comprising retail, leisure and possibly residential real estate. The plans – which have yet to be approved by the council&...
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News
Pension funds still bullish on UK, rest of Europe
REAL ESTATE - European pension fund managers still plan to invest in the UK and continental real estate markets despite a widespread downward revision of expectations, according to an in-house poll of pension fund managers conducted by ING Real Estat...
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News
Texas Teachers commit $300m
REAL ESTATE - The Teacher Retirement System of Texas has approved three investments in real estate commingled funds totaling $300m. The pension fund took these actions at its board meeting earlier this month. The three investments are up to $75m ...
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News
PWC names global real estate head
REAL ESTATE – PricewaterhouseCoopers has named Marc Saluzzi as the new global head of its investment management and real estate group. He replaces Simon Jeffreys, who left in early October to join Fidelity International as chief administrati...
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News
ABP’s role in real estate firm Corio queried
NETHERLANDS – Dutch pension giant ABP risks being drawn into a row over the management of real estate firm Corio, in which it has a 39% stake. Former Corio board members have in the past few days urged the current board to replace the manage...
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News
Washington State approves $1.29bn for real estate
REAL ESTATE- The Washington State Investment Board has approved four real estate investments totaling $1.29bn of new capital. The pension fund made these decisions at its board meeting on November 16. All of the commitments were made with manager…
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PropertyEU Archive
Sacyr Vallehermoso gets two seats on Repsol's board
Luis del Rivero, boss of Spain's Sacyr Vallehermoso, and Juan Abello, advisor of the group, are to get two seats on Repsol YPF's board by the end of the month. Sacyr Vallehermoso owns almost 17% of Repsol as it moves closer to acquisition of the oil company.
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PropertyEU Archive
German open-ended funds in October 'revival'
German open-ended funds experienced something of a revival in October as a net inflow of EUR 530 mln was recorded, according to a report by CB Richard Ellis. This was the highest inflow since January 12005.
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PropertyEU Archive
Eurohypo to expand in Turkey
Eurohypo, the Frankfurt-based bank, plans to expand its activities in Turkey where it is has already extended EUR 560 mln in credit for five finalised real estate projects. Cenk Arson, head of of the Istanbul office for Eurohypo told the English-language New Anatolian publication that the bank was working on ...
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PropertyEU Archive
Reyal to invest EUR 350 mln in Madrid
Reyal Grupo, Spanish property group, intends to invest EUR 350 mln in the construction of 196 homes, a five-star hotel and a shopping centre at Paseo de la Castellana, in Madrid. The project, named Castellana 200, is likely to be completed in the end of 2009, said Rafael Santamaria, ...
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PropertyEU Archive
Tesco plans £600 mln property sell-off
Tesco, the largest supermarket group in the UK, is to sell commercial property in a deal that will raise as much as £600 mln (EUR 885 mln), a British newspaper reported at the weekend without revealing its sources.
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PropertyEU Archive
OHL to expand further in China and US
OHL is to acquire a property company in Texas and to invest between EUR 100 and 150 mln in a silicon factory in China, company manager Villar Mir told publication La Gaceta de los Negocios. The deal in Texas follows the recent acquisition of 80% of Community Alsphalt Corp, an ...
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PropertyEU Archive
Tishman Speyer buys Deutsche Bank HQ in Brussels
Tishman Speyer, the global real estate investor, has bought Deutsche Bank's headquarters in Brussels in its first acquisition in Belgium.
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PropertyEU Archive
Alpine looks for expansion in eastern Europe
Alpine Mayreder, Austria's second real estate company controlled by the Spanish FCC, intends to seek further expansion into the eastern Europe property market, Alpine's president Dietmar Aluta-Oltyan said during an interview with the 'Salzburger Nachrichten'.
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PropertyEU Archive
ECB headquarters plan draws fire
The European Central Bank's plan to locate its new headquarters in Frankfurt's former fruit and vegetable market has been criticised by the family of the architect of the landmark 1920s building, the Financial Times has reported.
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PropertyEU Archive
PropertyEU among new sources on PropertyDay
Real estate portal PropertyDay has added news from PropertyEU and nine other sources to its website. PropertyDay is a meta news site which provides headlines of articles deep-linked from their original source to meet the growing demand for up-to-date news on the global commercial property market.
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PropertyEU Archive
CGS acquires French logistics project
Commerz Grundbesitz-Spezialfondsgesellschaft (CGS), a subsidiary of Commerz Grundbesitz Group, has signed the deed for the 'Logistikpark Distriport' property in Fos sur Mer near Marseille. The logistics park is earmarked for the company's Euro Property 1 institutional property fund. The project has a total investment volume of about EUR 33 mln ...
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PropertyEU Archive
HGA Capital sells offices to Irish group
HGA Objekt Hamburg 4 has sold the Eurocenter office building in Neuss near Dusseldorf to Ireland's Drinagh Co-operative for over EUR 14 mln. The Eurocenter comprises 11,200 m[sup]2[/sup] of office space and the lead tenants who occupy nearly 60% of the total area are Micros Fidelio, a provider of ...
