More Top Stories – Page 1092

  • News

    Regency Centers forms open-ended $1.2bn retail fund

    2007-01-22T00:00:00Z

    REAL ESTATE - Regency Centers Corporation has formed a new open-ended investment fund called Regency Retail Partners, LP. There is a total of $370m(€286m) of equity in the fund now. One of the largest investors in the fund is GIC Real Estat...

  • News

    REIT and pension fund manager setup retail venture

    2007-01-22T00:00:00Z

    REAL ESTATE - Ramco-Gershenson Properties Trust and Heitman have created a JV to invest in retail properties in selected markets across the US. The total amount of equity in the joint venture is around $159m(€123m). The equity contributions...

  • News

    Kodak-backed Halladale posts results 8% up

    2007-01-22T00:00:00Z

    REAL ESTATE - Halladale, the Scottish real estate firm backed by the Kodak pension fund, posted interim pre-tax profits of £4.12m(€6.4m) – an 8% increase over 2005. The results, covering the six months to the end of October 2006...

  • News

    Morgan Stanley fund buys €400m New York office

    2007-01-22T00:00:00Z

    REAL ESTATE - Morgan Stanley Real Estate has made a major office building purchase in New York City with the acquisition of the one million2ft. 2 Park Avenue in Midtown Manhattan. The purchase price for the property was $519m(€400m). This w...

  • News

    Mainland European commercial ‘in sweet spot’

    2007-01-22T00:00:00Z

    REAL ESTATE - Domestic demand will drive out-performance from mainland European commercial property, according to a report published last week by fund manager Seven Dials. Continued macroeconomic growth, low reliance on US trade and strong labour...

  • News

    Perennial names van Loen as senior portfolio manager

    2007-01-22T00:00:00Z

    REAL ESTATE - Perennial Real Estate Investments (PREI) has appointed Boudewijn van Loen as senior portfolio manager Europe. Van Loen, will be closely working with the existing European team of Stuart Pearce and Joseph Daguio, it said. According...

  • News

    CalPERS to participate in new REIT IPO

    2007-01-22T00:00:00Z

    REAL ESTATE - The California Public Employees Retirement System figures to be part of a new initial public that should be coming to the market in January. The new REIT being created is called Meruelo Maddux Properties, Inc. The total number of sh...

  • News

    ABP-backed developer builds tallest high-rise for students

    2007-01-22T00:00:00Z

    REAL ESTATE - UK student accommodation developer UNITE has secured planning permission for the £35m(€53m) second phase of the world’s tallest student accommodation block. The firm, which is 4% owned by Dutch pension fund ABP, will bu...

  • News

    Pramerica creates JV to develop senior living in UK

    2007-01-22T00:00:00Z

    REAL ESTATE - Pramerica Real Estate Investors has put together a joint venture with Sunrise Senior Living to construct senior living properties in the United Kingdom. Jonathan Short, managing director and head of the group’s European merchan...

  • News

    Three pensions players join forces in Finnish fund

    2007-01-22T00:00:00Z

    REAL ESTATE - Ilmarinen, the €21.6bn multi-employer pension scheme in Finland, has joined with Dutch pension fund ABP and Denmark’s €49.6bn ATP fund in a Finnish property fund set up specifically for them by Aberdeen. The three ...

  • News

    Tyneside fund hires Colliers for property portfolio

    2007-01-15T00:00:00Z

    UK - South Tyneside Council pension fund has hired Colliers CRE to provide quarterly valuation services for its £375m (€567m) property portfolio. Colliers replaces incumbent Lambert Smith Hampton after winning a tender first announced last...

  • News

    ING Dutch real estate funds return up to 21%

    2007-01-15T00:00:00Z

    NETHERLANDS - ING Real Estate’s three Dutch funds have realised returns of up to 21% during 2006. The best performer was the €1.7bn Dutch Retail Funds, which yielded 20.5%-21.1%, according to ING. Dutch Office Funds, with assets under ...

  • News

    DIFA to sell €1bn in commercial property

    2007-01-15T00:00:00Z

    REAL ESTATE – DIFA, a German provider of open-ended real estate funds, has announced plans to sell more than €1bn worth of German commercial properties held by its funds. DIFA said it had already hired Atisreal, the real estate consul...

  • News

    Ohio Police & Fire commits capital to new commingled fund

    2007-01-15T00:00:00Z

    REAL ESTATE- The Ohio Police & Fire Pension Fund has approved a $25m (€18.5m)investment into the Colony Investors VIII, L.P. The pension fund took this action with some assistance from its real estate consultant, The Townsend Group. The...

  • News

    Dutch real estate funds target for foreign investors

    2007-01-15T00:00:00Z

    REAL ESTATE - International bank Merrill Lynch expects that Dutch real estate funds will be a main target for foreign investors. Several possible take-over candidates have been stated by Merrill Lynch in its report on the European real estate sec...

  • News

    New Jersey allocates $150 million into two commingled funds

    2007-01-15T00:00:00Z

    REAL ESTATE- The New Jersey Division of Investment has approved real estate investments totaling $150m (€115m) into two commingled funds. One of these was a $100m allocation into the Prudential Property Investment Separate Account II. This ...

  • News

    Rodamco sells flagship office building

    2007-01-15T00:00:00Z

    REAL ESTATE - Property investment and management company Rodamco Europe has sold its building Robeco house in Rotterdam, to increase its focus on shopping centres, it announced. Robeco House - one of Rodamco’s flagship buildings - has been a...

  • News

    San Diego City commits capital to apartment fund

    2007-01-15T00:00:00Z

    REAL ESTATE - San Diego City Employees’ Retirement System has approved a $20m (€15.5m) commitment to the Cornerstone Apartment Venture III, LLC. This is a commingled fund that is managed by Cornerstone Real Estate Advisers. The real e...

  • News

    CS Capital nears closing on Los Angeles development fund

    2007-01-15T00:00:00Z

    REAL ESTATE- CS Capital Management is set to have a final closing in March on its commingled fund, Los Angeles Development Partners. The projected total raise is in the neighborhood of $250m (€193m). There will be a total of eight or nine p...

  • News

    L&B to raise second medical office fund

    2007-01-15T00:00:00Z

    REAL ESTATE- L&B Realty Advisors is now marketing its second medical office building investment fund, L&B Medical Partners II. The person overseeing this fund for the company is director Jason Blake. He said, "We believe that instit...