Latest reports – Page 3810
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PropertyEU Archive
Moscow plans to build 250 new hotels
A desperate shortage of hotels in Moscow which last year saw 60,000 visitors turned away from the city has prompted one of the Russian capitals most ambitious development projects yet. Over the next five years, authorities hope to build 250 new hotels, trebling the number of guest beds available. 'It's ...
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PropertyEU Archive
Moscow auctions land in Munich
Forget the usual promotional freebies - visitors to this year's Expo Real trade fair are being offered the chance to go home with a patch of land in Moscow. At a live auction to be held at the real estate exposition on Tuesday investors are being invited to bid for ...
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PropertyEU Archive
Redevco expands development portfolio
Dutch investor Redevco plans to intensify its development activities as part of its European expansion plan. The Amsterdam-based company recently set foot in Scandinavia, Eastern Europe and Turkey, but also foresees investments outside Europe in the future. New investments could rise to EUR 500 mln and more for new ...
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PropertyEU Archive
G-REIT not a threat to open-ended funds
The introduction of the German REIT (Real Estate Investment Trust) in the course of 2007 will not lead to the demise of the open-ended fund. That is the opinion of Frank Pörschke, CEO of one of Germany's leading open-ended funds Commerz Grundbesitz-Investmentgesellschaft (CGI). 'There will be greater diversity of investment ...
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News
University of California amends real estate plan
REAL ESTATE - The University of California has decided to make some changes to its real estate investment program. The institutional investor has chosen to reduce its amount for core investments and increase its mixture of enhanced and high return...
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News
BGP Properties to market new investment fund
REAL ESTATE - BGP Properties has begun to seek investors for its next investment fund, BGP Investment Partnership Fund VIII, L.P. The company will seek to raise around $650m-$750m. The company expects a great deal of repeat investors in the new f...
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News
US commercial real estate ‘set for 2007 decline’
REAL ESTATE - The peaking US real estate cycle will start declining from 2007, forcing investors to rethink, according to a study by research group the Urban Land Institute and PricewaterhouseCoopers. The new trend will see investors turning to a...
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News
Aareal in German residential move
REAL ESTATE – Aareal Asset Management has acquired a substantial residential portfolio for the Aareal German Residential Fund. The portfolio, comprising of about 1,400 units, was sold by a subsidiary of German insurer Allianz Group, represe...
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News
GFI launches HK property derivatives market
REAL ESTATE - US broker GFI has launched a joint venture to broker Hong Kong property derivatives to banks, funds and property companies. GFI has already set up a similar property derivatives venture in London with CB Richard Ellis. However, in t...
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News
Oregon allocates $300m to international REITs
REAL ESTATE - The Oregon Public Employees Retirement Fund has allocated a total of $300m to three international REIT managers. This capital was split up with $150m going to Morgan Stanley Real Estate, $75m to European Investors and $75m to Presima...
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News
IPD opens to smaller pension funds
REAL ESTATE – Real estate data firm IPD has launched a new property information service on UK real estate aimed at smaller pension funds. IPD said Property Intelligence, which will also target charities and retail investors, caters to the re...
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News
ABP’s new HK office to focus on real estate
REAL ESTATE – Dutch pension giant ABP, at €201bn Europe’s largest pension fund, has announced a launch date and the key executives for its new Hong Kong office – revealing a real estate focus for the new office. By January ...
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News
CalPERS commits $100m to new fund of funds
REAL ESTATE- The California Public Employees Retirement System has made a $100m commitment to the American Value Partners Fund I. This is a commingled fund that has a very unique investment strategy. It will be investing with either emerging real...
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News
More problems at ING’s ill-fated Polish project
REAL ESTATE - A year after ING Real Estate fired development chief executive Paul Trip over delays in Warsaw’s Zlote Tarasy retail centre, it has reported that the centre will not open on schedule in November. The latest delay – with ...
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News
Land Securities’ operating chief exits
REAL ESTATE - Land Securities last week announced the unexpected departure of chief operating officer Mark Collins, in what a spokeswoman described as "a positive endorsement" of its restructuring programme. In a statement, EuropeR...
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News
Belgian €1.2bn real estate fund in jeopardy
REAL ESTATE - The future of the €1.2bn real estate investment trust agreed between the Belgian government and real estate firm Cofinimmo looked precarious last week amid speculation that the government would re-route property destined for the t...
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PropertyEU Archive
VastNed strengthens position in France
Dutch listed property fund VastNed Retail has acquired a stake in the Carrefour Limoges-Corgnac shopping centre in south-central France for EUR 18 mln.
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PropertyEU Archive
EUR 100 mln office portfolio up for grabs
Hanzevast Capital is offering 20 office buildings from various Dutch real estate groups in a single portfolio which market watchers estimate will be worth at least EUR 100 mln. Hanzevast has already received several preliminary bids from investors and the portfolio will be offered to the highest bidder on November ...
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PropertyEU Archive
Work begins on massive Polish logistics park
The first phase of the Cross Point Zory development in Southern Poland is under construction and is due to be available for lease from December 2006. In total the site covers about 38 hectares and can provide 140,000 m[sup]2[/sup] of modern industrial and logistics space, plus ancillary offices.
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PropertyEU Archive
DIFA acquires majority stake in Amsterdam's tallest office tower
German investment fund DIFA and Dutch real estate management company Dijkhuis have acquired a majority stake in the Rembrandt Tower, the tallest office building in Amsterdam. This is the first real estate project for DIFA in the Netherlands.
