Eurofunds on the march
Article Abstract:
Large European insurance companies have been formed through a series of acquisitions amd mergers, these have invested in property throughout Europe. Axa is looking to undertake the management of its portfolio, worth 16 billion euros, on a European basis whilst the management of assets will still carried out by local offices. The UK insurance industry has not be very active in investing in property in Europe. Standard Life has invested 700 million pounds sterling in European property since 1997. Two UK insurance firms have invested in the ProLogis European Properties Fund.
Publication Name: Estates Gazette
Subject: Real estate industry
ISSN: 0014-1240
Year: 1999
User Contributions:
Comment about this article or add new information about this topic:
Agent turned principal
Article Abstract:
LaSalle Investment Management (LIM) have launched a pan-European fund which it is planned will purchase about 25 buildings in five European countries,worth in total no more than 850 million euros. The management of LIM have forecast a return of between 14%-18% for the five-seven years the Euro Five fund will be operational. LIM Co-Chief Executive Dan Cummings points out the Euro five is only one initiative of many LIM are developing in the European investment management sector. Cummings suggests investors from the UK seem reluctant to invest in the fund.
Publication Name: Estates Gazette
Subject: Real estate industry
ISSN: 0014-1240
Year: 1999
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: Rival suitors. Scrambled signals. Quay watch
- Abstracts: Where the harp is. The sales pitch
- Abstracts: Drawn to the light. Principal financiers. Making a mark
- Abstracts: Testing times. Independent minded. Not the end of the line
- Abstracts: Lending that proved suicidal. Piggy-bank instincts might be correct. Inflation depends on how it's presented