Latest reports – Page 3801
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PropertyEU Archive
Brinkman to head Zuidas development
Former Dutch health minister Elco Brinkman has been appointed by the government in The Hague to head the organisation charged with building a infrastructural tunnel under the Zuidas, the major urban project in the south of the Dutch capital. The cost of the construction of the tunnel, known as Dok ...
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PropertyEU Archive
IGD signs EUR 43 mln mall extension deal
Italy's Immobiliare Grande Distribuzione (IGD) has signed a contract to sell the extension of the Leonardo shopping centre in Imola to the Netherlands-based Eurocommercial Properties (ECP) for EUR 43.03 mln. The extension was built on a piece of property held by IGD, a listed player in the real estate distribution ...
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PropertyEU Archive
NCC sells office projects for EUR 73 mln
Sweden's NCC Property Development has sold an office project in Oslo to Aberdeen Eiendom Holding II for approximately SEK 664 million (EUR 73 mln). The Lysaker Torg 45 office project comprises 16,250 m[sup]2[/sup] of office space over seven storeys, 625 m[sup]2[/sup] of storage space and 309 parking spaces. The ...
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PropertyEU Archive
First edition of Office & Retail fair in Lisbon
Portugal is to host its first International Office & Retail real estate fair from November 22 to 26. The fair - Salão Internacional de Serviços, Mobiliário, Equipamentos para Escritórios e Espaços Comerciais in Portuguese - is being held in pavilion four in the International Fair (FIL) centre at the Parque ...
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PropertyEU Archive
Macquarie to buy UK business parks for EUR 887 mln
Australia's Macquarie Goodman Group has announced that its managed fund Arlington Business Park Partnership is to acquire Akeler Holdings, the owner of a portfolio of UK business parks, for EUR 887 mln. Macquarie Goodman, Australia's largest industrial real estate trust, is to pay EUR 72 mln for three properties in ...
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PropertyEU Archive
Norgani agrees Denmark hotel dealing
Norgani, the Oslo-based listed hotel operator, has entered into a letter of agreement with Fearnely Finans Eiendom, on behalf of companies yet to be established, regarding the sale of four Danish hotels. Norgani said the hotels, Clarion Copenhagen, Scandic Kolding, Scandic Glostrup and Scandic Hvidovre, have been valued at EUR ...
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PropertyEU Archive
Retail professionals gather in Cannes
Mapic 2006, the international retail trade fair, opens in the French Riviera city of Cannes on Wednesday, and a record 8,000 delegates are expected to attend. This is a 19% increase compared with last year. The number of companies exhibiting at the event has risen 18%. France, Italy, the UK, ...
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PropertyEU Archive
Belgian retailer sells Czech operations
Belgian international food retailer Delhaize is to sell Delvita, its Czech business, to German retailer Rewe for EUR 100 mln. Rewe operates Billa supermarkets and Penny Market discount stores in the Czech Republic.
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News
IPE-QUEST: Dutch pension fund tenders real estate
NETHERLANDS – A Dutch industry-wide pension fund has tendered a c.€75m euro zone real estate mandate via IPE-Quest. The search (QN676) states: "The client is looking for a manager for an active (low risk) real estate mandate. The...
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News
Pension fund interest in Knight Frank’s Rutley
REAL ESTATE - Rutley Capital Partners, the private equity arm of estate agency Knight Frank, is to float its European investment fund on the London Stock Exchange this month to raise funds for its planned £600m (€890m) property portfolio....
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News
Mercer: patience a virtue in infrastructure
REAL ESTATE – Investment consulting firm Mercer is telling its pension fund clients that patience and due diligence are virtues when it comes to investing in infrastructure. "Our advice to investors is be patient," said senior as...
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News
Illinois Teachers sets international allocation
REAL ESTATE - The Teachers’ Retirement System of the State of Illinois has set a 4% allocation for investing in international real estate. This will give the pension fund $200m (€156m) of capital to invest in this sector. The pension ...
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News
Shetland Islands tenders for UK real estate
REAL ESTATE - The Scottish Shetland Islands local authority pension fund is to hire a real estate investment manager to invest £20m—40m (€29.7m—59.3m) in UK property. Gavin Mackintosh of Hymans Robertson, which is advising …
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News
Washington State to invest $250m with Fillmore
REAL ESTATE - The Washington State Investment Board has decided to invest $250m with Fillmore Capital Partners through its Fillmore Strategic Partners entity. This is the second time that the pension fund has invested in Fillmore Strategic Partner...
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News
Arlington nabs Altera Vastgoed’s Kapiteyn
REAL ESTATE - Arlington Securities has appointed Gert-Jan Kapiteyn as research director at its Amsterdam office. Kapiteyn was previously research manager for Altera Vastgoed, one of the Netherlands’ largest real estate funds. His appoint...
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News
Hesse sells €770m of real estate
REAL ESTATE – Austrian real estate firm CA Immo has confirmed that it is close to purchasing €770m worth of properties owned by the German state of Hesse. "We are in the final stages of the bidding process," CA Immo said on...
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News
CBRE launches US property derivatives market
REAL ESTATE - A year after they set up a market for real estate derivatives in the UK, CB Richard Ellis and derivatives broker GFI have done it again – this time in the US. GFI’s Phil Barker, who will staff the venture’s New Yor...
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News
USS backs new student housing fund
REAL ESTATE - The Universities Superannuation Scheme is among the institutional backers for a new £515m (€764m) student accommodation fund being launched by real estate firm Unite Group. Unite said the new UK Student Accommodation Fund ...
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News
CalSTRS looks into infrastructure investment
REAL ESTATE - The California State Teachers Retirement System is taking a look at making infrastructure part of its overall investment strategy, although no formal policy has been established yet. The fund had an educational session on this invest...
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PropertyEU Archive
Rodamco Europe increases profit forecast for 2006
Rodamco Europe, the largest publicly-listed retail property investment and management company in Europe, has revised its outlook upwards for the full year 2006 from 7% to at least 8%. Highlighting that growth of like for like net rental income was 4.8%, Maarten Hulshoff, ceo of the Dutch-based company, told PropertyEU ...
