PIE - Property Investor Europe

Property Investor Europe's mission is to bring valuable transparency to European real estate for US & global investment professionals. Via widely-read PIE Dailies (+12,000 readers each working day in 143 Countries), Online Weeklies, monthly European Real Estate Briefings for the Americas/Asia-Pacific (opened and read by +48,000), and flagship monthly printed PIE Magazine, plus 2 key Investment Briefing Breakfast events, seminars and published Roundtables per month.

Saturday, 25 May 2013

Taiwan's $450bn insurance capital to open for overseas CRE investment

London, Frankfurt, New York, and Toronto will be the main target markets for Taiwan's insurers controlling $450bn in capital after a new ruling allowing them to invest in foreign real estate for the first time, says realtor CBRE. However, strict controls will limit investment in the short-term to a small fraction of this.

Swiss Faubourg targets French institutions for German fund investment

Swiss fund group Immobilien Faubourg is seeking to attract French institutional and retail investors to Germany, arguing that it offers better returns than the French market. This could partly reverse the flow in real estate investment from Germany to France, it says.

NREP closes Nordic retail fund at target €340m AUM, 50% leverage

Private Nordic real estate group Nordic Real Estate Partners has made the final closing of its NREP Nordic Retail Fund 2, its sixth such vehicle. It gave no precise details but said the fund will have investment capacity of around €340m, with leverage capped at 50%.

Dutch Bouwfonds REIM closes €270m car parking Special Fund

Netherlands-based Bouwfonds REIM, part of the Dutch cooperative banking system, said it has made the final close of its second institutional parking fund, Bouwfonds European Parking Fund II a German Special Fund, with total equity commitment of €187m and €270m AUM.

French Nexity sells 100,000 sq.m. Paris office complexes

French developer Nexity has agreed off-plan sales for two large office complexes in the suburbs of Paris. Financial details were not disclosed but the two projects comprise more than 100,000 sq.m. of office space in total.

Retail warehouses in German B, C cities seen major trend

Investment in German retail warehouses, especially in B and C cities, is a major trend as core mall product, still investors’ favourite, becomes ever more difficult to find, local retail specialists told a press briefing in Frankfurt.

Eurozone industrial property fits search for yield best – UBS

With institutional investors pressured to find yield in relatively secure investment classes, European industrial property provides the most attractive solution, says UBS Global Asset Management. Germany and UK have most potential.

EMEA commercial property investment to rise 4% to €136bn - C&W

EMEA property investment started the year strongly, with a 15.7% rise in first quarter to €32.7bn, said realtor Cushman & Wakefield. Even if activity was nearly 25% down on 4Q12, this was not unusual for the first quarter, and it forecasts a 4% rise for the year to €136bn.

German Union pays Ghelamco €120m for Warsaw office

Germany's Union Investment Real Estate has bought the Senator office new build in Warsaw from Belgium-based developer Ghelamco for €120m, marking the entry of its open-ended real estate fund UniImmo: Europa into Polish office

BlackRock's 3% of Belgian Befimmo signals growing property focus

Giant US-based private equity group BlackRock, which on Tuesday announced the takeover of global property manager MGPA, further signalled its new-found interest in real estate equity investment, by taking a stake of over 3% in Belgian REIT Befimmo.

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