All news

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

Behringer Harvard invests in Southern California distribution centre

Sun, 22/08/2010 - 13:16
Behringer Harvard has invested in the El Cajon Distribution Center, a two-building, cross-dock industrial centre comprising 1.4 million square feet located in San Bernardino, California, approximately 55 miles northeast of Los Angeles. »

Irish flag

Ireland removes requirement for non-resident declarations by fund investors

Sun, 22/08/2010 - 12:27
Dechert’s Declan O’Sullivan and Conor Durkin outline recent changes in revenue practice under which Irish funds may obtain an exemption from the Irish Revenue Commissioners making it easier for investors to subscribe for shares/units in an Irish fund. »

Hospital sign

Grubb & Ellis Healthcare Reit II acquires acute care hospital in Missouri

Sun, 22/08/2010 - 11:06
Grubb & Ellis Healthcare Reit II has acquired Cape Girardeau Long-Term Acute Care Hospital, a single-story, 26,000-square-foot, class A single-tenant facility in Missouri. »

Toronto

Toronto real estate sector poised for growth outside the downtown core

Fri, 20/08/2010 - 05:55
B-class office space outside Toronto's downtown core is receiving increased attention from buyers and investors and is poised for growth as escalating traffic congestion and longer commute times restrict easy access to the city centre, according to the Evton Capital Partners Commercial Real Estate Trends Survey. »

Greg Goodman, Goodman group chief executive officer

Goodman delivers full year operating profit of USD310m

Fri, 20/08/2010 - 05:05
Goodman Group has reported an operating profit after tax of USD310m for the financial year ended 30 June 2010. »

Shopping bags

Rockspring acquires stake in Paris shopping centre for NPS Real Estate Projects

Thu, 19/08/2010 - 15:07
Rockspring Property Investment Managers has exchanged conditional contracts for its third acquisition on behalf of NPS Real Estate Projects (previously known as NPS Central London Property). »

Handshake and money

Walter Investment completes USD14.5m purchase of residential loans

Thu, 19/08/2010 - 13:12
Walter Investment Management has completed the purchase of a pool of residential first lien mortgage loans using proceeds from its equity offering. »

Hotel

Chatham Lodging Trust to acquire extended-stay hotel in San Diego

Thu, 19/08/2010 - 11:06
Chatham Lodging Trust, a hotel real estate investment trust, has signed a contract to acquire an upscale extended-stay hotel in north San Diego, California in an all-cash transaction for USD32m. »

Money and calculator

Charter Reit appoints chief financial officer

Thu, 19/08/2010 - 09:46
Charter Real Estate Investment Trust has appointed Dionne Barnes as chief financial officer. »

Dollars

Kennedy Wilson raises USD125m for KW Property Fund III

Thu, 19/08/2010 - 05:32
Real estate investment and services firm Kennedy Wilson has raised USD125m of equity for KW Property Fund III from a group of investors including university endowments, public funds, foundations, Taft Hartleys and family offices. »

Grocery bag

Eroski sells 21 retail units to Rockspring for EUR45m

Thu, 19/08/2010 - 05:11
Spanish food retailer Eroski has completed its fourth disposal of the year, with the sale and leaseback of 21 neighbourhood grocery stores and standalone units to Rockspring Property Investment Managers, on behalf of a single client account for approximately EUR45m. »

Accounts

Invista NAV per share down 3.4 per cent in second quarter

Wed, 18/08/2010 - 15:12
Invista European Real Estate Trust had an unaudited net asset value of EUR0.536 (43.4p) per share at 30 June 2010, reflecting a decrease of EUR0.019 or 3.4 per cent over the quarter. »

Rachel Lavine, chief executive of Atrium European Real Estate

Atrium makes profit before tax of EUR104.4m

Wed, 18/08/2010 - 13:15
Atrium European Real Estate, a real estate company focused on shopping centre investment, management and development in Central and Eastern Europe, made a profit before tax of EUR104.4m for the first half of 2010. »

Mortar board and certificate

Grandbridge closes USD40.5m student housing transaction

Wed, 18/08/2010 - 11:16
Grandbridge Real Estate Capital has closed a USD40.5m transaction for The Province at University of Louisville, a student housing community in Louisville, Kentucky. »

Michael Barrie, director of balanced funds at Legal & General Property

Legal & General Property hires Will Edwards and Greg Westover

Wed, 18/08/2010 - 09:28
Legal & General Property has appointed Will Edwards as fund manager for its Linked Pensions Property Fund and Greg Westover as senior asset manager for its Linked Life Fund.  »

Douglas C. Yearley, Jr., Toll Brothers' chief executive officer

Toll Brothers venture to acquire USD1.7bn of real estate loans and properties

Wed, 18/08/2010 - 05:31
PMO Loan Acquisition Venture, a joint venture between Toll Brothers, Milestone Merchant Partners, Milestone Asset Resolution and certain funds managed by Oaktree Capital Management, has closed a structured transaction with the Federal Deposit Insurance Corporation. »

Risk

Survey finds bearish sentiment waning as risk appetite improves

Wed, 18/08/2010 - 05:15
Bearish sentiment among investors about the outlook for the global economy and corporate earnings has eased, according to the BofA Merrill Lynch Survey of Fund Managers for August. »

Hans Vrensen, global head of research at DTZ

Many UK commercial property markets over-priced, says DTZ

Wed, 18/08/2010 - 04:58
The UK all-property DTZ Fair Value Index stands at 38 for quarter two 2010, suggesting that many UK commercial property markets are over-priced and do not offer attractive returns for investors over the next five years. »

Ethical investment

Henderson focused on responsible property investment

Tue, 17/08/2010 - 15:12
Henderson Global Investors says it has remained firmly focused on its responsible property investment agenda during what has been an uncertain and testing time for the industry. »

Document signing

Pennsylvania Reit agrees to sell up to seven power centres

Tue, 17/08/2010 - 09:25
Pennsylvania Real Estate Investment Trust has signed agreements for the sale of its interests in up to seven power centres to Cedar Shopping Centers. »