Âé¶¹Ó³»­ Office News – Page 171

  • News

    DEGI continues expansion eastwards and at home

    2008-09-01T14:22:00Z

    GERMANY - Specialist Frankfurt-based property investors, DEGI, has acquired the Marynarska Business Park in Warsaw for €167m, as well as expanding its presence in Frankfurt.

  • News

    SEB to cash in on expanding Cologne office market

    2008-09-01T14:20:00Z

    GERMANY - Frankfurt-based SEB Asset Management (SEB) has further expanded its German property holdings with the purchase of a major office building in Cologne which adds €75m to the group’s existing €132bn assets under management.

  • News

    Sacramento County plays strong hand on real estate

    2008-08-28T17:56:00Z

    UNITED STATES - Sacramento County Employees Retirement System is now in the process of looking at firms to manage an ex-US public REITs strategy, but has rejected plans from one of its managers to change a fund’s existing strategy.

  • News

    ‘Cheesegrater’ put on hold as UK economy falters

    2008-08-26T17:26:00Z

    UK - British Land has postponed plans to build a gleaming 220m skyscraper in the City of London, as falling demand for office space underlines the downward spiral of the UK economy.

  • News

    Pennsylvania Public School invests $775m

    2008-08-21T17:33:00Z

    UNITED STATES - Pennsylvania Public School Employees Retirement System has approved new real estate commitments totaling $775m (€526.4m) in four commingled funds, including a $400m chunk with Beacon Capital.

  • News

    Pramerica venture to invest in Manhattan skyline

    2008-08-21T17:32:00Z

    UNITED STATES - Pramerica Real Estate Investors has formed a joint venture with L&L Holding Company to invest in New York City office buildings.

  • News

    Swiss-backed AIFAA expands US strategy to Texas

    2008-08-14T18:10:00Z

    UNITED STATES - AIFAA, an investment company backed by 12 Swiss pension funds, has extended its real estate portfolio to Texas for the first time with the $82m (€54.8m) acquisition of the Wells Fargo Tower office building in Austin, Texas.

  • News

    Mass PRIM buys its first properties of ‘08

    2008-08-14T18:08:00Z

    UNITED STATES - Massachusetts Pension Reserves Investment Management Board has closed the deal on its first two direct property acquisitions in 2008 and paid a total of $177.1m (€118.6m) for the assets.

  • News

    US giant huddles up to London

    2008-08-13T15:35:00Z

    UK – Mark Wood, managing director of US pension fund giant TIAA-CREF’s global real estate business, has revealed the newly-launched London office is an attempt to “make sure we are as close to the market as we can be.�

  • News

    European office still seen as positive space

    2008-08-04T16:59:00Z

    EUROPE - Rents will fall but much of the European office market is likely to remain positive in the near future, even though at least 20% of the tenant base in major cities is in financial services, suggests Pramerica.

  • News

    Los Angeles City places capital into debt fund

    2008-07-31T17:31:00Z

    UNITED STATES - Los Angeles City Employees Retirement System has made a $20m (€12.7m) to the Mesa West Real Estate Income Fund II, in a bid to capitalise on the supply and demand financing opportunities in the mid-size segment of the marketplace.

  • News

    Pennsylvania State moves capital into distressed fund

    2008-07-31T17:28:00Z

    UNITED STATES - Pennsylvania State Employees Retirement System has approved a $15m (€9.5m) into Arden Real Estate Fund I - a distressed real estate fund.

  • News

    ING Clarion closes in on value-added space

    2008-07-31T17:25:00Z

    UNITED STATES - ING Clarion Partners continues with its value-added strategy for some of its capital sources with the closing of $166m (€105.4m) worth of transactions.

  • News

    Opt for Reading over Riyadh - fund manager

    2008-07-28T16:53:00Z

    MIDDLE EAST – Pension fund real estate investors should steer clear of the Middle East property, use debt if you can get it, and wait for a property market turnaround in the UK, according to asset managers.

  • News

    Market expansion ends at Leipzig

    2008-07-28T16:43:00Z

    GERMANY - The outward spread of Germany’s property market will halt at Leipzig, the outpost of international investibility, according to Sascha Hettrich, managing partner of King Sturge’s German office.

  • News

    LA Fire and Police goes for safety with real estate assets

    2008-07-24T17:10:00Z

    UNITED STATES - Los Angeles Fire and Police Pensions has chosen to make its real estate portfolio more conservative in the near term.UNITED STATES - Los Angeles Fire and Police Pensions has chosen to make its real estate portfolio more conservative in the near term.

  • News

    US pension funds still interested in value-added real estate

    2008-07-17T15:55:00Z

    UNITED STATES - Apollo Real Estate Advisors was able to reach its capital raising target for its latest commingled fund, Apollo Value Enhancement Fund VII.

  • News

    Capri goes international

    2008-07-11T09:50:00Z

    UNITED STATES - Capri Capital Partners has expanded its efforts to international real estate with its plans to develop a $2bn (€1.27bn) mixed-use project in Saudi Arabia.

  • News

    Pramerica creates investment platform for India

    2008-07-11T09:40:00Z

    UNITED STATES - Pramerica Real Estate Investors has created an investment platform for investing in India.

  • News

    SWF to invest $150bn in real estate – DEGI

    2008-07-07T16:33:00Z

    GLOBAL – Sovereign Wealth Funds (SWF) will increase their property exposure to 15% over the next few years, German real estate company DEGI estimates in an analysis of the market.