All news

Eric Adler, chief executive Europe, Pramerica Real Estate Investors

European real estate debt markets showing signs of life

Europe’s economic recovery appears to have gained traction in the second quarter, although growth forecasts remain downbeat, a report by Pramerica Real Estate Investors says. »

The Pointe at Chapel Hill Apartment Homes

Henderson acquires apartment complex in North Carolina for Casa IV

Henderson Global Investors has acquired The Pointe at Chapel Hill Apartment Homes for USD25,425,000 on behalf of its multi-family fund, Casa Partners IV.  »

Life sciences

Alexandria Real Estate Equities to acquire three life science properties

Alexandria Real Estate Equities has entered into a definitive agreement to acquire three life science properties and other selected assets and interests of privately-held Veralliance Properties, a San Diego-based corporate real estate solutions company. »

Numbers and magnifying glass

Asia Reit market returns diminished by weaker equity sentiment in Q2

Asian economies continued their upward momentum in the second quarter, but the sovereign debt crisis in the eurozone and questions about the sustainability of growth in China may affect Asia’s performance in the next six months, according to a report from Pramerica Real Estate Investors. »

Pier Walk, Greenwich Peninsula

Quintain sells Greenwich Peninsula’s Pier Walk to Deka

Quintain Estates and Development has sold Pier Walk at Greenwich Peninsula to Deka Immobilien, a subsidiary company of the DekaBank Group, Germany’s largest manager of open-ended property funds. »

Document and pen

Dragon Acquisition changes name to China Oumei Real Estate

Dragon Acquisition, a housing and real estate development company headquartered in Shandong province, China, has received approval from its shareholders to change the name of the company to China Oumei Real Estate and to amend and restate the company's memorandum and articles of association. »

Real estate fund

Timbercreek launches global real estate fund

Timbercreek Asset Management has launched the Timbercreek Global Real Estate Fund in Canada. »

Cambridge Science Park

Legal & General acquires three buildings at Cambridge Science Park

Legal & General Property, on behalf of the Managed Fund, has acquired the long leasehold interest in 194, 196 and 198 Cambridge Science Park from Trinity College Cambridge for circa GBP35m, reflecting a net initial yield of 6.62 per cent. »

Mark T. Alfieri, chief operating officer of Behringer Harvard Multifamily Reit I

Behringer Harvard acquires luxury multifamily community in San Francisco

Behringer Harvard has acquired Acappella Apartments, a mid-rise multifamily community providing 163 apartment homes located three miles northwest of the San Francisco International Airport. »

Shopping bags

TNP Strategic Retail Trust to acquire San Jacinto Esplanade, California

The board of directors of TNP Strategic Retail Trust, a publicly registered non-traded Reit that invests in grocery and drug-store anchored retail properties, has authorised the company to pursue the acquisition of San Jacinto Esplanade in California. »

Gerard H. Sweeney, Brandywine's president and chief executive officer

Brandywine acquires 53-story office tower in Philadelphia

Brandywine Realty Trust has acquired the leasehold interest in 1717 Arch Street, a 1,029,400 square foot, 53-story, class A office tower located in the central business district of Philadelphia from an affiliate of The Blackstone Group. »

Index

Listed property stocks regain lost ground

In July 2010 global listed property stocks regained lost ground after returning 7.2 per cent as measured by the GPR 250 Index. »

Law books

Receivers appointed to unregistered property schemes following ASIC action

The Australian Securities and Investments Commission has moved to appoint receivers to an additional five unregistered property ventures associated with Melbourne company director Mark Ronald Letten. »

Tax

Cayman Finance rejects claims that low tax jurisdictions hurt US economy

The financial services industry in the Cayman Islands has rejected claims by a US business group that low or no-tax jurisdictions hurt the US economy because they encourage tax evasion. »

Paul Meader, head of portfolio management at Collins Stewart

Asset management activity growing in Guernsey, say industry members

The move by BlueCrest Capital Management, one of Europe’s largest hedge fund managers, to shift its headquarters from London to Guernsey has encouraged industry members who see signs that asset management activity in the island is set to grow. »

IPO

Metric invests GBP48m of net IPO proceeds

Metric Property Investments, a UK retail real estate investment trust, says approximately GBP48m of its net IPO proceeds have been invested or committed since flotation. »

Dollars

Madison Williams launches placement and advisory group

Madison Williams, a capital markets and investment banking firm, has formed a placement and advisory group with fund placement veteran James J. McCarvill, Jr. »

Raymond Mould, London & Stamford Property

London & Stamford Property to admit shares to London Stock Exchange

London & Stamford Property, a closed-ended investment company incorporated in Guernsey, has agreed in principle to the application for admission of the company’s ordinary shares to the premium segment of the Official List and to trading on the Main Market of the London Stock Exchange. »

Mark T. Alfieri, chief operating officer of Behringer Harvard Multifamily Reit I

Behringer Harvard acquires luxury apartment community in Houston

Behringer Harvard has acquired Uptown Post Oak, a luxurious multifamily asset comprising 392 apartment homes in the Uptown district of Houston. »

Michael Emory, president and chief executive, Allied Properties Reit

Allied Properties Reit acquires office buildings in Calgary and Toronto

Allied Properties Reit has entered into an agreement to purchase the Lougheed Building in downtown Calgary for CAD31m. »