Latest reports – Page 3797
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PropertyEU Archive
Economic growth pushing office demand - Savills
Strengthening economic activity has translated into improved demand in European office markets and a higher take-up level over the first half of 2006. Incentives are becoming less generous and real positive rental growth is recorded in most markets, according to a survey of the European office markets by Savills' ...
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PropertyEU Archive
Babcock & Brown to IPO Euro retail fund
Australian investment bank Babcock & Brown has confirmed it and the GPT Group plan to raise EUR 400 mln from an initial public offering of shares in Guernsey-based Babcock & Brown GPT European Retail Fund on Euronext Amsterdam stock exchange.
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PropertyEU Archive
Sogeprom takes majority stake in Pragma
Sogeprom, the France-based real estate company, is taking a majority stake in Pragma, a leading player in the real estate market for the Languedoc-Roussillon region. Sogeprom, a 35% Pragma shareholder since 2004, now controls 86% of the company, the Business Immo website has reported. Michel Troncin, co-founder of Pragma, is ...
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PropertyEU Archive
Salera shopping centre opens fully let
Salera shopping centre, developed by ING Real Estate Development, has opened for business - fully let. The shopping centre is located in Castellón, northern Valencia. The first phase opened its doors in May 2005, with the inauguration of an Alcampo hypermarket and 23 other retail units.
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PropertyEU Archive
Bouwfonds launches US Residential Fund
Bouwfonds Asset Management has launched Bouwfonds US Residential Fund for international institutional investors in partnership with Fairfield Residential, one of the largest players in the US residential property market.
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PropertyEU Archive
Diursa to invest EUR 80 mln near Barcelona
Spain's Diursa has begun construction of the so-called Berlin, Viena and Budapest residential units, including 257 luxury houses, in San Cugat del Vallés near Barcelona. The company will invest EUR 80 mln in the three-phased construction project.
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PropertyEU Archive
OVG sells Maas Tower to SEB for EUR 150 mln
Dutch real estate company OVG has sold the Maas Tower project in Rotterdam to SEB for EUR 150 mln. The property will become the tallest office tower in the Netherlands. It will comprise 37,500 m[sup]2[/sup] lettable floor area based over 44 floors and will be 165 meters high.
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PropertyEU Archive
LaSalle Investment Management in £94 million Edinburgh sale
LaSalle Investment Management, acting on behalf of BAE Systems Pension Funds Trustees, has sold two office buildings at Crewe Toll in the north of Edinburgh to a syndicate of private investors for £94 mln (EUR 139 mln). La Salle Investment Management said the transaction reflected a yield of 5.04%.
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PropertyEU Archive
IVG sells portfolio for EUR 85 mln to British investor
IVG Immobilien has announced that it has sold 12 commercial properties with total office space of 50,000 m[sup]2[/sup] to British-based CIT Europe for a total of EUR 85 mln. Ten of the properties are located in Dresden and the others are in Berlin-Schönefeld and Dortmund.
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PropertyEU Archive
Spain's Metrovacesa eyes French expansion
Metrovacesa, the Spanish commercial real estate giant, has indicated it is keen to acquire another French peer, according to media reports. The French market is very interesting and 'offers several good opportunities with respect to price compared with the Spanish market', Juan Carlos Calvo, head of Metrovacesa's French subsidiary Gecina, ...
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PropertyEU Archive
British Land dividend to double for REIT conversion
British Land will almost double its full-year dividend when it converts to a real estate investment trust (REIT) in 2007, the company announced Tuesday as it published its results for the six months ending 30 September 2006.
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PropertyEU Archive
UFG Rem acquires Tec Parc for EUR 10.5 mln
UFG Rem, a France-based group, is buying the Tec Parc office and business development in Créteil, France on behalf of its Multihabitation, Multihabitation 2 and Multimobilier SCPI listed property funds.
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News
Drever raises capital for new apartment fund
REAL ESTATE - Drever Partners will have a first closing at the end of November for its apartment investment fund, Concierge Apartment Fund. The company is expecting that it will have raised $100m of the $250m of equity it’s hoping to attract t...
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News
JP Morgan to buy Columbia Equity Trust
REAL ESTATE - JP Morgan Asset Management has signed a definitive agreement to acquire Columbia Equity Trust. The deal is set to completed sometime during the first quarter of 2007. Should this deal go through, it will represent the first time the...
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News
LA County scheme takes action
REAL ESTATE - The Los Angeles County Employees Retirement Association had two real estate related investment items at its board meeting on November 8. One of these was to approve a manager investment plan for Tri-Pacific Residential Investors One,...
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News
CBRE trust to raise $2bn for US, overseas property
REAL ESTATE - CB Richard Ellis Realty Trust, a US subsidiary of CBRE Investors, is to offer shares worth $2bn in a bid to raise funds for investment across domestic and overseas property segments. CEO Jack Cuneo said the offering was aimed at por...
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News
CalPERS names Eliopoulos as real estate head
REAL ESTATE - The California Public Employees Retirement Scheme (CalPERS) last week appointed Ted Eliopoulos senior investment officer for real estate. The appointment ends several months of interim in-house management after the previous incumben...
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News
Exceptional demand seen for Russian real estate
REAL ESTATE - Demand for Russian commercial real estate is "exceptionally high", driven by eight years of strong macro growth and a meagre supply of modern buildings, according to a report from ResearchWorldwide. The report claimed ec...
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News
Ohio PERS puts cash into international funds
REAL ESTATE- The Ohio Public Employees Retirement System is on its way with its investment plan for investing in international real estate. The pension fund has now made commitments to three international investment funds. These are $80m to Black...
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News
German real estate market ‘overregulated’
REAL ESTATE – The German real estate market is overregulated, the German Real Estate Forum in Frankfurt was told last week. "We need to remove from Germany the need to regulate and overregulate," said Sam Zell, chairman of the bo...
