Latest reports – Page 3812
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News
LA Fire & Police board action on real estate
REAL ESTATE- The Los Angeles Fire & Police Pension System made two real estate decisions at its board meeting on October 5. The first item was to issue an investment of up to $15m to the Genesis Workforce Housing Fund II. The potential return...
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News
Nedlloyd scheme transfers real estate portfolio
REAL ESTATE - Delta Lloyd Vastgoed will take over the direct real estate portfolio of the Nedlloyd Pension Fund, both parties have announced. The transaction involves about 35 blocks of offices, retail centres and housing in the Netherlands, of wh...
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News
Infrastructure ‘unsuitable and overpriced’
REAL ESTATE - "There is a shortage of ‘boring stable’ infrastructure investment product which is much in demand by institutional investors," according to Jane Welsh, senior consultant at Watson Wyatt. Speaking at the Inves...
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PropertyEU Archive
Germans take major stake in Dutch tower
German real estate fund DIFA is to buy a majority stake in the tallest tower in the Dutch capital Amsterdam. Difa is expected to complete the purchase of a 75% stake in the 35-storey Rembrandt tower from insurer Winterthur for #E108 mln.
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PropertyEU Archive
Turkey, India and Romania at Mapic 2006
Several countries are taking part in MAPIC, the international market for retail real estate, for the first time this year. Interest is so great, the organisers said, that the 12th annual MAPIC includes a 20% increase in exhibition space compared with the year before.
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PropertyEU Archive
Atisreal buys Fuller Peiser in UK push
European commercial property advisor Atisreal has acquired 100% of Fuller Peiser, a commercial real estate services rival in the UK. The price was not disclosed, but Property Week suggested Atisreal, a subsidiary of BNP Paribas real Estate, paid approximately £15 mln (#E22.3 mln).
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PropertyEU Archive
Warsaw complex saga continues
The opening of the Zlote Tarasy Centre in Warsaw, Poland has been postponed again, developer ING Real Estate has announced. It was due to open in next month but this has been pushed back to the first quarter of 2007.
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PropertyEU Archive
Select Property Fund reaches £780 mln within year
Standard Life Investments has announced that its Select Property Fund has grown to £780 mln (€1.15 bn) since it was launched in October last year. This makes it one of the fastest growing retail fund launched in the UK in the last 12 months.
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News
Oregon PERF commits $450m
REAL ESTATE- The Oregon Public Employees Retirement Fund has approved new commingled fund investments totaling $450m (€357m). The pension fund took these actions at its board meeting on September 27. It’s made commitments to five dif...
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News
European real estate out of "dark ages"
REAL ESTATE – Risk management in the real estate sector is finally catching up with other asset classes, says ING Real Estate. "At last, property is coming out of the dark ages. We start to see adequate risk controls in place," s...
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News
Ohio scheme to invest in core commingled
Ohio Police & Fire to invest in core commingled fund REAL ESTATE - The Ohio Police & Fire Pension Fund has issued a $100m (€79.4m) commitment to the Heitman Core Property Fund. The pension fund took this action at its board meetin...
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News
Dutch funds shift to indirect real estate
REAL ESTATE - Dutch pension funds are increasingly shifting their investments from direct to indirect real estate, research bureau PropertyNL said. In 2005, their indirect real estate portfolios have increased by almost 30% to €39.5bn, becau...
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News
Metro Pensioenfonds joins Altera Vastgoed
REAL ESTATE - Stichting Metro Pensioenfonds has joined Altera Vastgoed as shareholder, the real estate fund has announced. With a participation of €10m in the sectors retail and offices, Metro Pensioenfonds has become its 22nd shareholder, ...
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News
Pramerica in $500m retail joint venture
REAL ESTATE Pramerica Real Estate Investors has formed a $500m (€400m) joint venture with Kite Realty Group to invest in retail properties. The capital will be placed over a four-year period. Around 80% or $400m would be supplied by Prame...
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News
Corio CFO Kuik leaves over policy
REAL ESTATE - John Kuik has resigned as chief financial officer at Corio, the property investment company. According to Corio, the sudden departure was the result of ‘differences in opinion on policy matters’. Corio will search for...
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News
N. Dakota OK's infrastructure fund
REAL ESTATE- The North Dakota State Investment Board has awarded a $100m (€79.4m) commitment to the JP Morgan Infrastructure Investment Fund. The pension fund was looking to place some capital into a commingled fund that focused on infrastru...
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News
Jones Lang LaSalle argues case for commercial
REAL ESTATE - Alistair Hughes, chief executive officer for Europe at real estate specialist Jones Lang LaSalle, argues that commercial property is an important mid-term investment for institutional investors. Speaking at the FT commercial property...
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PropertyEU Archive
Carlyle in fourth deal in Hamburg
Carlyle, the US private equity group, has announced its fourth property development investment in the centre of Hamburg. In total, Carlyle is investing approximately €350 mln in the German port city.
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PropertyEU Archive
Europa mall opens in Hamburg
Europa Passage, one of the largest inner-city shopping malls in Germany, has opened its doors in Hamburg. Featuring 120 shops on five levels, the €430 mln Europa Passage has 30,000 m[sup]2[/sup] of retail space and overlooks the Binnenalster (Inner Alster) artificial lake in downtown Hamburg.
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PropertyEU Archive
Germany publishes G-REIT draft legislation
Germany is moving forward with legislation to introduce real estate investment trusts — known as G-REITS.
