All articles by Leen Preesman – Page 4
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ECP to extend retail centres
EUROPE - The €2.2bn investor EuroCommercial Properties is increasingly focusing on extending its existing centres to improve its competitive position in a pressured property markets.
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Corio to divest office and industrial portfolios
EUROPE - The €6bn property investment company Corio has decided to explore the divestment of a major part of its offices and industrial portfolios, and to further focus on its retail activities.
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ABP to sell office fund KFN
NETHERLANDS - The €211bn civil service scheme ABP is considering selling at least part of its offices investment fund KFN, in order to further diversify its overall portfolio.
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Unibail-Rodamco prepares post-merger management
NETHERLANDS - Unibail-Rodamco is almost ready to announce its top 50 management structure as its integration efforts are now on track, the €23.9bn property investor has said.
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Turkish retail market growth 'needs work' - VastNed
TURKEY-NETHERLANDS - Expansion into the Turkish retail market could take more work than initially expected, the €1.8bn property investor VastNed Retail has indicated. "The market is not fully ready yet for institutional investments as...
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Nieuwe Steen eyes foreign investments
NETHERLANDS - Property investment company Nieuwe Steen Investments (NSI) is considering extending its activities across the Dutch border in order to improve its returns. "Given the extreme price level and rising interest rates, the options f...
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SBZ reduced property stake by one-third
NETHERLANDS – SBZ, the industry-wide pension fund for care insurers, said it has decreased its investments in property by 5% to 10% of its total portfolio and will focus its immediate attention on Dutch direct real estate.
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SBZ reduced property stake by one-third
NETHERLANDS – SBZ, the industry-wide pension fund for care insurers, said it has decreased its investments in property by 5% to 10% of its total portfolio and will focus its immediate attention on Dutch direct real estate. At least 75% of th...
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West Midlands awards ING £560m property mandate
UK - The £7.8bn (€11.6bn) West Midlands Metropolitan Pension Fund has awarded ING Real Estate a £560m advisory mandate to manage its UK direct property portfolio. The deal – one of UK’s largest pension fund property man...
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VastNed Offices eyes German market
GERMANY - Property investor VastNed Offices-Industrial wants to expand its German office portfolio up to €500m, the firm has announced. The company’s German portfolio has now hit €90m thanks to a recent acquisition - a €37....
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Germany is ING’s prime office market
GERMANY - ING Real Estate has allocated Germany as the most important market for its European Office Fund, fund manager Leo Weidenaar said. "Since its economy is recovering very fast, Germany offers big opportunities. After entering the Germ...
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Rabobank scheme plots its real estate future
NETHERLANDS - The Stichting Pensioenfonds Rabobank has started to invest in plots of land, to create future building opportunities for its property investments. Details of the firm’s annual report reveal the €10bn scheme has acquired 2...
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Rodamco moves into Le Havre docklands
FRANCE - Rodamco Europe has agreed to acquire a large shopping and leisure centre under development in the Le Havre harbour area, the firm has announced. The €10.6bn company said it has signed an agreement with Vinci Immobilier and ING Real ...
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Prupim enters Swedish property market
SWEDEN - Real estate investment manager Prupim has entered the Swedish property market by acquiring a €41m landmark office building in Kungsholmen. The company purchased the building – Paradiset 14 – on behalf of the M&G Euro...
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Dutch schemes consider rejuvenating industrial estates
NETHERLANDS - Dutch pension funds are showing an interest in investing in the rejuvenation of run-down industrial estates in the Netherlands. "Providing that our criteria are met, we are willing to look at solid proposals from both councils ...
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Vopak eyes growth as Aberdeen picks up mandate
NETHERLANDS - The €660m pension fund of tank terminal operator Vopak has awarded a €15m property investment mandate to Aberdeen Asset Management. Funds will be invested in European real estate through Aberdeen’s fund of funds, Ce...
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US real estate still looks good - ING Clarion
UNITED STATES - Economic and industry fundamentals are still in place to support continued strength in the United States commercial real estate markets in 2007 but returns will be moderate and cap rates will ease, according to ING Clarion. In a US...
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Corio sees net profits rise 44.3%
NETHERLANDS - Net profits of property investor Corio rose by over 44% to over €97m during the first quarter, the company announced. Compared to the first quarter of last year, net rental income increased 10.5% to €78.9m and there were ...
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PGGM to co-invest in US residential property
UNITED STATES - The €83bn Dutch healthcare pension fund PGGM has linked up with US property investor Behringer Harvard in a €74m co-investment deal. Under the agreement, PGGM will invest in a geographically diverse portfolio of apartme...
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VastNed Retail profits from boost in indirect results
NETHERLANDS - Property investor VastNed Retail returned €48.4m during the first quarter, mainly thanks to a 79% rise in indirect results, it said. The company expects the direct investment results over the whole year to be slightly higher th...
