All PropertyEU Archive articles 鈥� Page 1578
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PropertyEU Archive
DLA Piper advises on Goldman Sachs building sale in London
International law firm DLA Piper has announced it advised Jones Lang LaSalle on the sale of Peterborough Court and Daniel House on Fleet Street in London. JLL, acting as receiver, arranged the sale of the buildings to restructure 拢450 mln (EUR 572 mln) of debt. The buildings are leased to ...
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PropertyEU Archive
Romanian mall auction may not herald investment thaw
The sale of Liberty Center shopping centre in Bucharest last week isn't likely to signal the beginning of a thaw in the frozen Romanian real estate investment market. If anything it underscores the challenges facing the market.
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PropertyEU Archive
Risk aversion increases in European real estate: LaSalle
Risk aversion remains the dominant theme across European real estate markets, as highlighted in the LaSalle Investment Management mid-year 2012 Investment Strategy Annual update.
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PropertyEU Archive
AXA Real Estate leads European fund manager ranking
AXA Real Estate has maintained its lead as the biggest fund manager in Europe, according to a new survey by INREV in cooperation with its Asian counterpart ANREV. In total, the Paris-based fund manager had EUR 39.8 bn assets under management (AUM) as of end-December 2011.
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PropertyEU Archive
Palmer Capital completes Invista takeover
London-based real estate company Palmer Capital has completed the acquisition of Invista Real Estate Investment Management. Invista shares on London's AIM junior market were cancelled on 13 August.
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PropertyEU Archive
Kungsleden sells industrial two Polish assets for EUR 12.5m
Listed Swedish property company Kungsleden is selling two industrial properties in Bielsko-Biala, southern Poland for a total EUR 12.5 mln. The sales price is in line with book value and acquisition cost.
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PropertyEU Archive
Irish-owned mall sells at auction in Bucharest for EUR 60m
Cyprus-registered company Rosequeens Properties has acquired the Liberty Center mall in Bucharest at a public auction for the starting price of EUR 60 mln. Romanian media said that the buyer is administered by Ciprian Chiorean, legal manager of the Bank of Cyprus in Romania.
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PropertyEU Archive
DTZ appoints head of EMEA retail
Property adviser DTZ announced that Adrian Powell has been appointed as head of EMEA retail. He will report to John Forrester, Head of EMEA at DTZ.
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PropertyEU Archive
Savills sees Continental European losses narrow
Savills, the UK-listed advisory firm, saw losses at its continental European operations narrow by 14% in the first half of 2012 to 拢3.5 mln from 拢4.7 mln in the year-earlier period. However, revenue was up 8% at 拢31.6 mln thanks to higher income from advisory fees in the Netherlands, Ireland ...
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PropertyEU Archive
US players dominate global fund management rankings
US fund managers are the biggest players in the global property fund management industry, accounting for 70% of the top 10 worldwide, according to a new survey by INREV in cooperation with its Asian counterpart ANREV. Three US firms dominate the top 5 led by CBRE Global Investors, Brookfield Asset ...
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PropertyEU Archive
Poland to see record office delivery in 2013: DTZ
Real estate developers aim to deliver 340,000 to 350,000 m[sup]2[/sup] of new office space in Poland next year - the highest annual figure in the market since 2000, DTZ has said.
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PropertyEU Archive
Orchard Street acquires Guildford industrial estate for EUR 24m
London-based Orchard Street Investment Management has purchased industrial property complex Cobbett Park in Guildford, UK on behalf of a pension fund client. The investment volume of 拢19 mln (EUR 24 mln) reflects a net initial yield of 6.16%. The vendor was Legal & General Property's Industrial Property Investment Fund (IPIF).
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PropertyEU Archive
Conwert acquires Berlin residential portfolio
Vienna-listed proeprty company Conwert Immobilien Invest SE has acquired a 1,700-unit residential property portfolio in Berlin with a yield on purchase of approx. 8.3 %.
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PropertyEU Archive
Retail managing director to leave Hammerson
Hammerson has announced that Lawrence Hutchings, managing director of UK retail and member of the group executive committee, has decided to step down from the business.
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PropertyEU Archive
Corpus Sireo fund acquires German care home
Luxembourg-based Corpus Sireo Investment Management acquired a recently completed care home in the Hessian town of Babenhausen, Germany. The financial details of the transaction were not disclosed.
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PropertyEU Archive
Morgan Stanley appoints Savills as receiver for its own Canary Wharf office
Morgan Stanley Mortgage Servicing (MSMS) has appointed property adviser Savills as receiver for an office building the investment bank rents in London's Canary Wharf business district.
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PropertyEU Archive
ING increases provisions for bad property loans
Dutch insurance giant ING Group reported a sharp increase in provisions in the second quarter of 2012 on expected losses on its property loan portfolio, in particular in the Netherlands. The provisions for its commercial and private lending business rose to EUR 120 mln from a level of between EUR ...
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PropertyEU Archive
US private equity firm buys UK's Belfry hotel and golf resort
Denver-based private equity group KSL Capital Partners has acquired The Belfry, a well-known hotel and golf resort in England that has hosted the Ryder Cup on four occasions, from Sean Quinn Jr, the son of bankrupt former Irish billionaire Sean Quinn.
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PropertyEU Archive
Corio books hefty writedowns in Spain and Germany
Dutch listed retail specialist Corio saw net profit plunge 90% to EUR 11.7 mln in the first half of 2012 from EUR 122.8 mln in the year-earlier period. The sharp decline reflected a hefty writedown on the company's activities in Spain and Germany.
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PropertyEU Archive
Unibail-Rodamco completes Mfi deal in Germany
Paris-based Unibail-Rodamco has announced the closing of its acquisition of a controlling stake in Mfi, second-largest shopping centre developer-owner in Germany from global asset manager Perella Weinberg Partners.
