Property Funds World

European real estate firms reactive in capital budget decisions

Emily.perryman — Thu, 02 Sep 2010 15:13:34 GMT

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.

Article Tag:

European listed property companies, European Public Real Estate Association, Capital Structure Survey

Global Property Research chooses constituents of GPR 250 Index

Emily.perryman — Thu, 02 Sep 2010 11:52:39 GMT

Global Property Research has chosen the preliminary constituents of the GPR 250 Index series, which will become effective on 20 September.

Article Tag:

Global Property Research, GPR 250 Index, GPR 250 Reit Index

MGPA acquires portfolio of 140 properties from Aldi

Emily.perryman — Thu, 02 Sep 2010 05:05:48 GMT

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.

Article Tag:

MGPA Europe Fund III, Aldi Sued, Germany

Calloway Reit to acquire two Walmart anchored centres in Canada

Emily.perryman — Wed, 01 Sep 2010 13:05:48 GMT

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.

Article Tag:

Calloway Reit, Quebec, Ontario, Walmart

Investors should take Italian property market seriously, says Henderson

Emily.perryman — Wed, 01 Sep 2010 11:07:48 GMT

Henderson Global Investors believes that investors should sit up and take the Italian property market seriously.

Article Tag:

Henderson Global Investors, Italy

Anrev secures Inrev director on secondment

Emily.perryman — Wed, 01 Sep 2010 10:14:43 GMT

Anrev, the Asian Association for Investors in Non-listed Real Estate Vehicles, has secured Inrev’s Andrea Carpenter for a three-month secondment.

Article Tag:

Andrea Carpenter, Inrev, Anrev

Kneip acquires fund reporting company Co-Link

Emily.perryman — Wed, 01 Sep 2010 06:07:28 GMT

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.

Article Tag:

Kneip, Co-Link

LaSalle completes refurbishment of shopping centre in Colchester

Emily.perryman — Wed, 01 Sep 2010 05:35:28 GMT

LaSalle Investment Management, the real estate investment manager, has completed a major refurbishment of the Lion Walk shopping centre in Colchester.

Article Tag:

Lion Walk Colchester, LaSalle Investment Management

Public Service Properties cash rental income up 2.1 per cent

Emily.perryman — Wed, 01 Sep 2010 04:56:28 GMT

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.

Article Tag:

Public Service Properties Investments

Hansteen normalised profits up 11 per cent

Emily.perryman — Tue, 31 Aug 2010 15:02:28 GMT

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.

Article Tag:

James Hambro, Hansteen

Tamar European Industrial Fund sells three assets in first half

Emily.perryman — Tue, 31 Aug 2010 13:11:42 GMT

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.

Article Tag:

Tamar European Industrial Fund

Kimco Realty offers USD300m 4.30 per cent medium-term notes

Emily.perryman — Tue, 31 Aug 2010 11:28:28 GMT

Kimco Realty is making a public offering of USD300m medium-term notes due 2018 at a coupon of 4.30 per cent per annum.

Article Tag:

Kimco Realty, USD300m medium-term notes due 2018

Behringer Harvard and CT Realty expand Southern California industrial portfolio

Emily.perryman — Tue, 31 Aug 2010 11:03:28 GMT

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.

Article Tag:

Behringer Harvard, CT Realty Investors, Archibald Business Center, California

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

Emily.perryman — Tue, 31 Aug 2010 10:31:23 GMT

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.

Article Tag:

Aseana Properties

Grubb & Ellis Apartment Reit to acquire nine properties

Emily.perryman — Tue, 31 Aug 2010 10:09:28 GMT

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.

Article Tag:

Grubb & Ellis Apartment Reit, MR Holdings, Mission Residential Management

Legal & General acquires BMI Woodlands Hospital

Emily.perryman — Tue, 31 Aug 2010 05:26:47 GMT

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.

Article Tag:

Legal & General Property, Property Unit Trust, BMI Woodlands Hospital

Valad’s Steven Tattersall appointed chairman of Caisson Group

Emily.perryman — Tue, 31 Aug 2010 05:05:47 GMT

Steven Tattersall, Valad Property Group’s European fund manager, has been appointed chairman of the Caisson Group.

Article Tag:

Steven Tattersall, Valad Property Group, Caisson Group

UK Commercial Property Trust NAV per share up 3.9 per cent

Emily.perryman — Mon, 30 Aug 2010 13:12:47 GMT

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.

Article Tag:

UK Commercial Property Trust

London office rental growth to stall in the short term

Emily.perryman — Mon, 30 Aug 2010 12:11:12 GMT

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.

Article Tag:

London office sector, Henderson Global Investors

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

Emily.perryman — Mon, 30 Aug 2010 11:19:47 GMT

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.

Article Tag:

Brandywine Realty Trust, 30th Street Post Office, Cira South Garage, CTL Capital

ING to sell stake in Canadian property portfolio

Emily.perryman — Mon, 30 Aug 2010 10:29:25 GMT

ING has agreed to sell its 50 per cent stake in ING Summit Industrial Fund, a Canadian light industrial property portfolio, to a joint venture between KingSett Capital and Alberta Investment Management.

Article Tag:

ING Summit Industrial Fund, Canada, KingSett Capital, Alberta Investment Management

Fund Regulation and Ucits III 2010

Oliver.bradley — Fri, 27 Aug 2010 11:21:10 GMT

Asset managers are flocking to set up Ucits funds to sidestep the EU’s controversial AIFM Directive - Read our latest repo

Fund Regulation and Ucits III 2010

Housing Recovery Fund of America is formed

Emily.perryman — Fri, 27 Aug 2010 09:17:47 GMT

The Housing Recovery Fund of America has been formed to establish a real estate investment fund that invests in single and multifamily residential real estate across the US.

Article Tag:

The Housing Recovery Fund of America

CMS Hasche Sigle advises Accor on sale and leaseback of 48 hotels

Emily.perryman — Fri, 27 Aug 2010 05:28:01 GMT

The Accor Group and its subsidiary Accor Hotellerie Deutschland have sold 48 hotels in Germany, France and Belgium and leased them back again.

Article Tag:

CMS Hasche Sigle, Accor, Germany, France, Belgium

Just 24 per cent commit to private real estate fund in first half

Emily.perryman — Fri, 27 Aug 2010 05:09:01 GMT

Less than a quarter of private real estate fund investors made a commitment in the first half of 2010, research by Preqin shows.

Article Tag:

private real estate funds, Preqin