All news

Confusion

European real estate firms reactive in capital budget decisions

Thu, 02/09/2010 - 15:13
Many European listed property companies appear to be more reactive than strategic in their major capital budget decisions when acquiring investment properties and undertaking development projects. »

Index

Global Property Research chooses constituents of GPR 250 Index

Thu, 02/09/2010 - 11:52
Global Property Research has chosen the preliminary constituents of the GPR 250 Index series, which will become effective on 20 September. »

Germany

MGPA acquires portfolio of 140 properties from Aldi

Thu, 02/09/2010 - 05:05
MGPA, the private equity real estate investment advisory company, has exchanged contracts for the acquisition of a real estate portfolio from Germany’s discount retail company Aldi Sued. »

Walmart

Calloway Reit to acquire two Walmart anchored centres in Canada

Wed, 01/09/2010 - 13:05
Calloway Reit is to acquire two new large-scale unenclosed shopping centres totalling approximately 1.1 million square feet on completion, for initial consideration of approximately CAD131m, including transaction costs. »

Italy

Investors should take Italian property market seriously, says Henderson

Wed, 01/09/2010 - 11:07
Henderson Global Investors believes that investors should sit up and take the Italian property market seriously. »

Andrea Carpenter, director of professional standards and communications for Inrev

Anrev secures Inrev director on secondment

Wed, 01/09/2010 - 10:14
Anrev, the Asian Association for Investors in Non-listed Real Estate Vehicles, has secured Inrev’s Andrea Carpenter for a three-month secondment. »

Man with laptop

Kneip acquires fund reporting company Co-Link

Wed, 01/09/2010 - 06:07
Kneip, an independent service provider to the asset management industry, has acquired Co-Link, a specialist in fund reporting technology and services for investment funds. »

Lion Walk Colchester

LaSalle completes refurbishment of shopping centre in Colchester

Wed, 01/09/2010 - 05:35
LaSalle Investment Management, the real estate investment manager, has completed a major refurbishment of the Lion Walk shopping centre in Colchester.  »

For rent sign

Public Service Properties cash rental income up 2.1 per cent

Wed, 01/09/2010 - 04:56
Public Service Properties Investments, the European real estate investment and financing company, saw its cash rental income increase by 2.1 per cent in the first half of 2010, driven by rent increases in the UK portfolio but partially offset by adverse foreign exchange movements.  »

James Hambro, Hansteen chairman

Hansteen normalised profits up 11 per cent

Tue, 31/08/2010 - 15:02
Hansteen, the investor in Continental European and UK real estate, has reported an increase in normalised profits of 11 per cent in the first half of 2010 to GBP9.7m. »

Sold sign

Tamar European Industrial Fund sells three assets in first half

Tue, 31/08/2010 - 13:11
Tamar European Industrial Fund, a Guernsey registered closed-ended investment company focusing on industrial property assets in Western Europe and Scandinavia, sold three assets during the first half of the year. »

Stack of money

Kimco Realty offers USD300m 4.30 per cent medium-term notes

Tue, 31/08/2010 - 11:28
Kimco Realty is making a public offering of USD300m medium-term notes due 2018 at a coupon of 4.30 per cent per annum. »

Samuel A. Gillespie, chief operating officer of Behringer Harvard Opportunity Reit II

Behringer Harvard and CT Realty expand Southern California industrial portfolio

Tue, 31/08/2010 - 11:03
Behringer Harvard and CT Realty Investors have made a joint investment in Archibald Business Center, a corporate headquarters and industrial warehouse facility comprising 231,444 square feet. »

Dato’ Mohammed Azlan bin Hashim, chairman of Aseana

Aseana records gross loss of USD4.14m in first half

Tue, 31/08/2010 - 10:31
Aseana Properties, a property developer investing in Malaysia and Vietnam, made a gross loss of USD4.14m in the first six months of 2010, compared with a gross profit of USD2.81m in 2009. »

Stanley "Jay" Olander Jr., chairman and chief executive officer, Grubb & Ellis Apartment Reit

Grubb & Ellis Apartment Reit to acquire nine properties

Tue, 31/08/2010 - 10:09
Grubb & Ellis Apartment Reit has entered into definitive agreements totalling USD182m to acquire nine multifamily properties from affiliates of MR Holdings and substantially all of the assets of Mission Residential Management, the Mission Residential property management business. »

BMI Woodlands Hospital

Legal & General acquires BMI Woodlands Hospital

Tue, 31/08/2010 - 05:26
Legal & General Property, on behalf of the Property Unit Trust, has acquired the BMI Woodlands Hospital in Darlington from Bluesparkle for circa GBP16.65m, representing a net initial yield of 6.25 per cent. »

Handshake

Valad’s Steven Tattersall appointed chairman of Caisson Group

Tue, 31/08/2010 - 05:05
Steven Tattersall, Valad Property Group’s European fund manager, has been appointed chairman of the Caisson Group. »

Commercial property

UK Commercial Property Trust NAV per share up 3.9 per cent

Mon, 30/08/2010 - 13:12
UK Commercial Property Trust’s net asset value per share increased by 3.9 per cent in the first half of 2010 to 75.5p. »

Canary Wharf, London

London office rental growth to stall in the short term

Mon, 30/08/2010 - 12:11
Rental growth in the London office sector is likely to stall in the short term in line with a slowing in the global economy and a reduction in requirements for large buildings, according to a report by Henderson Global Investors. »

Brandywine completes 30th Street Post Office and Cira South Garage projects

Brandywine completes 30th Street Post Office and Cira South Garage projects

Mon, 30/08/2010 - 11:19
Brandywine Realty Trust has completed the 30th Street Post Office and Cira South Garage projects and has received USD256.5m of gross proceeds from a loan financing provided by an affiliate of CTL Capital that had been escrowed pending completion. »