News – Page 975
-
News
Spain's BBVA offloads second round of bank branches
EUROPE – Banco Bilbao Vizcaya Argentaria (BBVA) has offloaded a second tranche of property assets to the group of RREEF Europe, Area Property Partners and Europa Capital for €364m.
-
News
European office fundamentals remain strong, says Jones Lang LaSalle
EUROPE – Take-up of office space in Europe increased marginally in the second quarter despite growing economic uncertainty over austerity measures and concerns surrounding sovereign debt, according to Jones Lang LaSalle (JLL).
-
News
Henderson targets local interest with German retail fund
GERMANY – Henderson Global Investors is seeking to tap demand from German institutional investors for exposure to their domestic retail sector.
-
News
Brookfield Properties reinvents self, invests $1.4bn in offices
GLOBAL – Brookfield Properties is planning to invest more than $1.4bn (£885m) in 16 offices across Australia held by Brookfield Asset Management and reposition itself into a "global, pure-play office property company".
-
News
Withdrawal of open-ended German funds will 'level playing field', says Invesco
EUROPE – Less investment activity on the part of German open-ended funds (GOEFs) would effectively level the playing field for other institutional investors in the European real estate markets, according to Invesco Real Estate.
-
News
European institutional investors thinking twice about US
GLOBAL – Concerns over the fragility of the US economic recovery have caused European institutional investors to reassess the attractiveness of the country's real estate market.
-
News
INREV tweaks investor due diligence checklist
EUROPE – INREV has revised its due diligence questionnaire to address investors' latest concerns when selecting fund managers in the current investment environment.
-
News
Texas Teachers earmarks $1.1bn for real estate investment
GLOBAL – The Teacher Retirement System of Texas has approved $1.1bn (€849.5bn) worth of new commitments to real estate.
-
News
Kansas PERS invests $30m in Harrison Street fund
GLOBAL – The Kansas Public Employees Retirement System has approved a $30m (€23.1m) commitment to the Harrison Street Real Estate Partners III commingled fund.
-
News
German-owned Hypo Real Estate fails stress test
GERMANY – Government-owned Hypo Real Estate has failed a stress test by the Committee of European Banking Supervisors (CEBS).
-
News
European occupancy markets dragged down by austerity measures
GLOBAL – While occupier demand is rising in the majority of countries across the globe, austerity measures to reduce fiscal deficits are causing a drag on euro-zone and UK real estate markets, according to the latest global report from the Royal Institute of Chartered Surveyors (RICS).
-
News
Valad takes over management of €480m Swedish portfolio
SWEDEN – Valad Europe, the pan-European, multi-let real estate investment management business of Valad Property Group, has been appointed to take over the investment management of a €480m property portfolio in Sweden.
-
News
Switzerland's Partners Group to manage Korean sovereign money
GLOBAL – Partners Group will help Korea Investment Corporation (KIC) invest in recapitalising opportunities in the real estate markets as part of the sovereign wealth fund's drive to double its exposure to alternative investments.
-
News
BT and Royal Mail pension JV sells Brindleyplace assets
UK – A joint venture between the BT and Royal Mail pension funds, developer Argent and fund manager Tritax has sold five office buildings in Birmingham for £190m (€225m).
-
News
Germany leads uptick in European occupier demand, says JPMAM
EUROPE – The decline in European commercial property rents is coming to an end, and tenants are responding by committing to new space, according to JP Morgan Asset Management (JPMAM).
-
News
Specialist funds outperforming market in UK, says IPD
UK – Pooled UK real estate funds have delivered returns of more than 20% over the past 12 months, but only those with specialist and niche strategies outperformed the underlying direct market, according to Investment Property Databank (IPD).
-
News
Income returns continue to drive European performance, says Invista
EUROPE – Income returns will continue to drive real estate investment performance despite an uncertain outlook for rental growth, according to Invista Real Estate Investment Management.
-
News
Real estate transactions grow in Europe despite sovereign debt crisis
EUROPE – The growth in European real estate transactions continued to rise in the second quarter despite investor uncertainty over the sovereign debt crisis.
-
News
Ohio School Employees to invest as much as $125m over next 12 months
GLOBAL – The School Employees Retirement System of Ohio is aiming to invest as much as $125m in real estate over the next 12 months.
-
News
Rothschild makes first investment in New York office market
GLOBAL – Rothschild Realty Managers has made its first-ever investment in the New York office market with a $150m (€116m) investment in RXR Realty.
