Latest reports – Page 3807
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News
Hearthstone to market next investment fund
REAL ESTATE - Hearthstone will be marketing its next single-family investment fund after the first of the year. The name of the fund is Path of Growth Investors II. The company’s Chief Financial Officer Mark Porath said: "We are now i...
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News
Cordea seeks pension fund backing for land fund
REAL ESTATE - Cordea Savills is to raise £50m (€74.5m) from pension funds to invest in acquiring and parcelling land for residential development. Spokesman Steve Taylor said Cordea’s second opportunistic fund would target both pe...
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News
Sacramento County makes new allocation
REAL ESTATE - The Sacramento County Employees Retirement System has awarded Cornerstone Real Estate Advisers a new $15m allocation for its separate account relationship. This action was taken at its board meeting on October 19. The pension fund m...
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News
Allianz acquires Laing in push for PFI
REAL ESTATE - German pensions and insurance giant Allianz last week outbid Henderson Global Investors to acquire John Laing, the UK infrastructure firm, for £957.5m (€752.5m). Allianz hopes the acquisition – which is subject to r...
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News
US pension funds bank on Europe, Asia
REAL ESTATE - Cash-rich US pension funds are driving a move by real estate funds into European markets. RREEF’s Real Estate Opportunities Funds Group has raised $1.6bn in the final closing of a fund designed to US institutional investors ex...
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News
Manila property sell-off for soldiers’ pensions
REAL ESTATE - The Philippines army is to sell its massive real estate portfolio to fund pay-outs to retired service personnel. Real estate – including golf courses and at least one country club – and property equities make up P9.6bn (...
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News
ING Real Estate nabs IPF’s Follows
REAL ESTATE - Pension fund demand for pan-European assets has driven ING Real Estate to boost its research team with a new UK head of research and forecasting. Charles Follows, currently research director at the Investment Property Forum, will join I...
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News
CalSTRS sets up Texas apartments venture
REAL ESTATE - The California State Teachers Retirement System has created a joint venture with Trammell Crow Residential to develop the 452-unit Alexian at Fitzhugh apartment complex in Dallas. The total amount of capital in the venture is $63m....
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News
Asian listed grouping looks to widen scope
REAL ESTATE - The Asian Public Real Estate Association (APREA) has made progress in its representations on local market practice in Singapore. It is now looking to develop its activities across the region, with the appointment of a new chief exec...
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News
PREA conference report
US real estate is riding the crest of the wave now – the question is, for how long? This was the conclusion of speakers and delegates at the Pension Real Estate Association (PREA) annual plan sponsor real estate conference held in Washington DC...
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PropertyEU Archive
CGI acquires Hamburg-America office development
Fund manager CGI, a member of Commerz Grundbesitz Group (CGG), has signed the deed for the Hamburg-America-Center office development in Hamburg's new Hafen City port district. The volume of the transaction is about EUR 26 mln and the anticipated gross acquisition yield is more than 5.5%. The building, with ...
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PropertyEU Archive
Breevast buys major real estate portfolio from MPC
Dutch company Breevast has reached agreement with Germany's MPC Münchmeyer Petersen Capital on the purchase of a huge office portfolio in the Netherlands. The transaction involves 99 office buildings with a total floor space of 530,000 m[sup]2[/sup] and 500 tenants located across the Netherlands. The properties come from 27 ...
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PropertyEU Archive
Warburg Pincus raises EUR 994 mln for global property fund
Warburg Pincus, the global private equity firm, has announced the final closing of its new EUIR 994 mln ($1.2 bn) Warburg Pincus Real Estate fund that will invest in real estate worldwide. 'Real estate investing has been a focus area for Warburg Pincus for more than two decades, so I'm ...
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PropertyEU Archive
Cofinimmo posts rise in net profit
Belgian real estate company Cofinimmo has posted a nine-months net profit of EUR 86.6 mln, up from EUR 62.163 mln a year earlier. Net earnings per share was EUR 8.91, compared with EUR 6.40 in the same period last year. Rental income fell to EUR 101.8 mln from EUR ...
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PropertyEU Archive
Astroc makes second big acquisition
Spain's Astroc Mediterraneo has acquired 60% of the property arm of Grupo Rayet for EUR 449.5 mln and it holds an option to purchase the remaining 40 % for EUR 299 mln. The transaction came a day after Astroc acquired Banco Sabadell's real estate unit, Landscape Promocions Immobiliaries, for EUR ...
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PropertyEU Archive
Marseilles project acquired for EUR 64 mln
Two French financial groups have acquired a 19,800 m[sup]2[/sup] mixed use project in the major urban redevelopment in Marseilles, France for EUR 64 mln from developer Constructa. The finances were provided by Caisse d'Epargne Provence-Alpes-Corse, in association with Crédit Foncier de France. The 'Coeur Méditerranée', designed by architect Jean-Paul Viguier, ...
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PropertyEU Archive
Guardian Asset Managers in first Warsaw investment
Guardian Asset Managers has made its first investment in Warsaw through a sale-and-lease-back acquisition of the Philips HQ in the Polish capital. Jones Lang LaSalle represented the seller Philips while King Sturge represented the Guardian Asset Managers. The property, comprising 5,751 m[sup]2[/sup] of rentable office space and with covered parking ...
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PropertyEU Archive
Halverton takes complete ownership of German subsidiary
London-based Halverton Real Estate Investment Management has exercised an option to take 100% ownership of its German subsidiary from private equity group NAI Apollo Real Estate. 'At the time we established the German business, we selected a short term strategic partner in NAI Apollo. The business has grown rapidly in ...
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PropertyEU Archive
DIFA sells Nautilus portfolio for EUR 860 mln
German investment fund DIFA has completed the sale of the Nautilis portfolio of German office properties to Tishman Speyer Properties and IVG for EUR 860.5 mln. Tishman Speyer is paying about EUR 670 mln for ten properties belonging to the DIFA-Fonds Nr. 1, while four properties, owned by DIFA-GRUND, were ...
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PropertyEU Archive
John Laing accepts Allianz takeover bid
Leading UK construction company John Laing has announced it has withdrawn support for a takeover bid by Henderson Global Investor in favour of a £957.5 mln (EUR 1.43 bn) cash offer by a subsidiary of German insurer Allianz. Henderson's bid in September valued John Laing at £887 mln (EUR ...
