Latest reports – Page 3811
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PropertyEU Archive
Expo Real attracts 35% more foreign companies
Exhibitors from Eastern Europe, the Russian Federation and the Gulf region are helping to drive up the attendance figures for Expo Real 2006. A total of 1,630 companies from 39 countries will exhibit at the 9th international commercial property exposition in Munich from 23 to 25 October.
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PropertyEU Archive
ING Real Estate steps into German offices
ING Real Estate Investment Management has entered the German office investment market for the first time with the purchase of a building in Frankfurt’s central business district.
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PropertyEU Archive
Qatar fund shops for European properties
Qatar National Bank has launched a $400 mln (€317 mln) global fund to buy property in Europe, the UK and US.
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PropertyEU Archive
Schroders launches new European funds
Schroders Property Investment Management has launched two new funds of funds to enable investors to diversify beyond their national markets. The European Fund 1 will invest in unlisted property funds across Europe, while the Continental European fund 1 will be aimed primarily at UK investors but will exclude real ...
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PropertyEU Archive
Befimmo cries foul over Belgian deal
Property investment company Befimmo has alleged unfair treatment in the Belgian government's allocation process for a joint venture partner to manage a EUR 1.2 bn portfolio of public buildings.
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PropertyEU Archive
Hypo arranges financing for Paris offices
Hypo Real Estate Bank has arranged EUR 50 mln in financing for commercial property investor Societe de la Tour Eiffel to acquire an office project in Port des Lilas, Paris.
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PropertyEU Archive
ING Real Estate Investment Management launches five new funds
ING Real Estate Investment Management (ING REIM) is launching five new European funds with a total value of EUR 4.25 bn. The new real estate vehicles include an infrastructure offering for the first time. The four other funds focus on the Nordic countries, Central and Eastern Europe, French residential property ...
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PropertyEU Archive
Nominees for 11th MAPIC awards unveiled
The nominees for the 11th annual MAPIC award ceremony have been announced. The awards honour retailers who the jury considers have shown the most dynamic international growth over the previous 12 months. There are six categories: clothing & fashion accessories; catering outlets; Household and electrical goods; services; leisure and health ...
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PropertyEU Archive
Ivanhoe acquires malls in $988m deal
Canadian shopping centre developer Ivanhoe Cambridge has announced the completion of a $988 mln (€788 mln) acquisition of centres in Glasgow, Madrid and Ontario from US REIT Mills Corporation. The deal gives Ivanhoe Cambridge the remaining 50 control of St Enoch Centre in Glasgow and Vaugh Mills in Ontario, and ...
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PropertyEU Archive
Hilton sells top UK hotels in mega deal
American hotel group Hilton is to sell two of its largest UK hotels to Edward Wojakovski's family-owned Tonstate for £417 mln (EUR 623 mln). It is the largest single asset hotel deal ever to be transacted in Europe.
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PropertyEU Archive
German REIT legislation coming in November
German finance minister Peer Steinbrueck is to present updated draft legislation on November 2 to reinforce the government's determination to introduce real estate investment trusts (REITs) in 2007.
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News
Texas Teachers to look at three commingled funds
REAL ESTATE - The Teacher Retirement System of Texas will be looking at three commingled funds for possible investment decisions at its board meeting on November 9 and 10. The three commingled funds to be considered are MacFarlane Urban Real Estat...
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News
Corio names Jan Haars as new CFO
REAL ESTATE - Jan Haars has been appointed as chief financial officer at Corio, the property investment company has announced. The new CFO will take over from John Kuik, who suddenly left Corio earlier this month, as a result of ‘differenc...
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News
AFL-CIO in $500m industrial venture
REAL ESTATE - The AFL-CIO Building Investment Trust has put together a joint venture with Weingarten Realty Investors to invest in industrial properties across the US. There will be a total capitalization in the venture of $500m - around 50-50 equ...
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News
Fortress to float German portfolio
REAL ESTATE – US private equity firm Fortress will on Thursday float part of its German property portfolio, consolidated under the firm Gagfah, on Frankfurt’s stock exchange. Fortress said that on Thursday, it would offer 45 million sh...
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News
Alaska board to invest more in value-added
REAL ESTATE - The Alaska Retirement Management Board, formerly known as the Alaska State Pension Investment Board, has approved a change of its investment strategy to increase its value-added component. The pension fund approved to move its mixtur...
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News
CBRE Investors names Tokyo MD
REAL ESTATE - CB Richard Ellis Investors has named Steven Bass, formerly CEO of Macquarie Properties Japan and previously Director of Acquisitions at CB Richard Ellis Investors Japan, has re-joined the firm as managing director based in Tokyo. I...
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News
RREEF nabs Coca-Cola UK real estate brief
REAL ESTATE - RREEF will run the real estate element of the Coca-Cola Enterprises Pension Scheme. A total of 10% of the scheme’s assets will be invested through the RREE UK Multi-Manager Service. The contract is understood to be in the regi...
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News
British Airways pension fund sells property
UK – A British Airways pension fund has sold a retail property in Stoke, central England, for £14.3m (€21.2m). Warner Estate Holdings said its Radial Distribution Fund joint venture with Bank of Scotland has bought Radial Point, r...
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News
Germany’s VBL plans Asian property move
REAL ESTATE – VBL, a €12bn pension fund insuring four million German public sector employees, is planning an initial investment in Asia’s property market by the end of 2006. "We currently have 5% of our assets allocated to ...
