All PropertyEU Archive articles 鈥� Page 1592
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PropertyEU Archive
Skanska sells office in Malm枚 for EUR 74m
Construction and development group Skanska has sold the Bass盲ngkajen office property in the Swedish city of Malm枚 to Swedish property company Vasakronan. The deal was conducted as a corporate transaction, in which the price was based on a property value of SEK 652 mln (EUR 74 mln).
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PropertyEU Archive
Newsec appoints new managing director
Henrik Granstr枚m has been appointed managing director of Newsec, replacing Urban Edenstr枚m who will resume his role as CEO of the holding company Stronghold and chairman of the wholly owned subsidiaries Newsec, Niam and Datscha.
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PropertyEU Archive
Commerzbank pullout from RE lending 'blow to sector'
Commerzbank's decision to wind up its commercial real estate lending business, announced last week, is a blow to the sector, Frank P枚rschke, head of Germany at JLL, told PropertyEU.
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PropertyEU Archive
Commerzbank fire sales 'not on the cards'
Fire sales of Commerzbank's non-core real estate assets are 'not on the cards', Stefan Otto, head of ship financing at Commerzbank, told PropertyEU, following the news that the German lender is pulling out of commercial real estate financing altogether.
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PropertyEU Archive
London & Stamford completes Unilever House deal
UK REIT London & Stamford has completed the acquisition of Unilever House, a 17,000 m[sup]2[/sup] office building at Leatherhead Office Park in Surrey, for 拢61.1 mln (EUR 76 mln), reflecting a net initial yield of 6.85%. The vendor is Scottish Widows Investment Partnership and Orchard Street Investment Management.
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PropertyEU Archive
Idea Fimit takes over Duemme's property funds
Italian fund manager Idea Fimit has signed an agreement to acquire smaller peer Duemme's eight property funds representing 60 buildings with a value of around EUR 560 mln.
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PropertyEU Archive
W枚lbern Invest buys office in Amsterdam for EUR 100m
German closed-end fund manager W枚lbern Invest has acquired a newly built office building in Amsterdam for its Holland 71 fund. The investment volume amounts to EUR 99.8 mln.
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PropertyEU Archive
Skanska to build EUR 122m green mall in Oslo
Swedish developer Skanska has been contracted by Norwegian real estate manager KLP Eiendom to build an environmentally sustainable shopping centre in Oslo for NOK 920 mln (EUR 122 mln).
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PropertyEU Archive
Picton secures EUR 260m in new debt facilities
UK investment manager Picton Property Income has agreed two new debt facilities totalling 拢209 mln (EUR 261 mln) with Aviva Commercial Finance and Canada Life. The new facilities will be used to refinance Picton's existing CMBS facility and bank loan totalling 拢188.5 mln, which are due to mature in 2013.
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PropertyEU Archive
WestImmo to be transferred to 'bad bank' on 30 June
Stricken German lender WestLB, which received state aid following the financial crisis in 2008, will transfer a portfolio valued at around EUR 100 bn, including WestImmo, to Germany's so-called 'bad bank' EAA on 30 June 2012.
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PropertyEU Archive
Commerzbank exit from property lending no surprise to analysts
Commerzbank's decision to pull the plug on commercial real estate lending, announced on Tuesday, has not come as a surprise to many analysts, who say it has 'always been short of equity'. 'In addition, there is also an 'accounting trick' if you wind a business down like this; it helps ...
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PropertyEU Archive
ULI appoints policy director for Europe
The Urban Land Institute (ULI) has appointed Katie Smith as director of policy for Europe. In this new role, she will lead the European research strategy, contribute to the design and delivery of conferences, panels and other events and provide strategic advice to the European policy and practice committee.
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PropertyEU Archive
Sj忙ls酶 sells Copenhagen resi project to institutional duo
Danish real estate firm Sj忙ls酶 has sold a residential project in Copenhagen to pension fund manager PKA and insurer Topdanmark for DKK 1 -1.1 bn (EUR 134 - 147 mln). The final sales price will be determined when construction is completed and the apartments have been let.
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PropertyEU Archive
Europe on edge of property financing evolution: Henderson
Europe's real estate financing system has begun the slow evolution towards a more diverse model now that the Continent's banks are no longer in a position to lend at traditional levels, according to John Feeney, head of commercial real estate debt at Henderson Global Investors.
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PropertyEU Archive
Goodman reorganises European management team
Listed global industrial property group Goodman has appointed Kristof Verstraeten as commercial director for its Continental European operations. The appointment forms part of a major reorganisation of Goodman's European management team which the company says is driven by the growth of its European business, both in terms of assets under ...
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PropertyEU Archive
Henderson prepares German logistics fund with Palmira
Henderson Global Investors is working on a new special fund (Spezialfonds) with Palmira Capital that will invest in German logistics assets.
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PropertyEU Archive
Redevco opens Magnesia mall in Turkey
Private Amsterdam-based real estate company Redevco opened its Magnesia Shopping Center in the western Turkish city of Manisa on Thursday.
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PropertyEU Archive
Secondary office investment drops to 10-year low
Investment in secondary offices across Western European markets is at its lowest level in 10 years, according to research from BNP Paribas Real Estate.
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PropertyEU Archive
Soci茅t茅 de la Tour Eiffel refinances EUR 117m credit line
Paris-listed Soci茅t茅 de la Tour Eiffel (STE) has secured the refinancing of a EUR 117 mln credit line with an unnamed German Landesbank. The facility was originally provided by the Royal Bank of Scotland in 2004 when STE converted to SIIC (French real estate investment trust) status in 2004.
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PropertyEU Archive
'Historic' accord to tackle high Dutch office vacancies
Banks, institutional investors, occupiers and public authorities in the Netherlands have joined forces on an 'historic' plan to tackle the country's high office vacancy levels.
