All PropertyEU Archive articles 鈥� Page 1596
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PropertyEU Archive
Brookfield buys London offices from Hammerson for EUR 644m
US and Canadian-listed investor Brookfield Office Properties has acquired the bulk of Hammerson's London office portfolio for 拢518 mln (EUR 644 mln). The gross proceeds are 5% above proforma book value and represent a 5.2% initial yield, Hammerson said.
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PropertyEU Archive
Internos awarded KAG licence to operate German Spezialfonds
Pan-European real estate fund manager Internos has been awarded a KAG licence by Germany's financial supervisory body BaFin to operate German Spezialfonds (special funds) for institutional investors.
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PropertyEU Archive
Portuguese property funds deliver positive returns in March
Portuguese property investment funds delivered an annual total return of 0.8% in March 2012, a slight decrease compared to the annual return of 1.2% recorded at the end of 2011, according to the APFIPP/ IPD Portugal Property Fund Index.
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PropertyEU Archive
AXA extends 7,000m[sup]2[/sup] lease at Warsaw Trade Tower
Two Polish subsidiaries of French insurance giant AXA have extended a 7,000 m[sup]2[/sup] lease at the Warsaw Trade Tower. The deal signed with landlord Akron Investment CEE II (AICEE II) is the third-largest office leasing transaction in Poland so far this year, according to property adviser Jones Lang LaSalle.
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PropertyEU Archive
Allianz RE buys Warsaw business park for EUR 173m
Allianz Real Estate has signed a preliminary agreement to acquire the Platinium Business Park in Warsaw from CEE property developer GTC. The investment volume for the scheme comes to EUR 173 mln and is subject to adjustment when the final agreements are signed. The final price reflects an investment yield ...
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PropertyEU Archive
STE offloads EUR 50m of non-strategic assets
Soci茅t茅 de la Tour Eiffel (STE) has divested EUR 50 mln of non-strategic assets as part of its goal of focusing on modern suburban offices and deleveraging its balance sheet.
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PropertyEU Archive
Multi appoints legal director
European real estate developer Multi Corporation has appointed Nico Jacobs as group director for legal & compliance affairs. Jacobs was previously general legal counsel for Accor Hotels and responsible for the hotel group's expansion in the Netherlands, Switzerland and Scandinavia. Before that he was a lawyer at law firm Loyens ...
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PropertyEU Archive
Palmer gets majority backing in Invista takeover race
Palmer Capital has emerged as the frontrunner in the race to acquire London-listed Invista Real Estate Investment Management. In a statement on Monday, Palmer Capital said it has received an irrevocable undertaking from two of Invista REIM's largest shareholders to back a bid that values Invista at about 拢40 mln ...
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PropertyEU Archive
Tim Bellman to head research for Invesco Real Estate
Global real estate investment manager Invesco Real Estate (IRE) said it has appointed Timothy Bellman as head of global research, based in IRE's Dallas office.
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PropertyEU Archive
GOEFs book negative return in May: IPD
German open-ended real estate funds (GOEFs) posted a negative monthly return of -0.1% in May, a slight improvement on the -0.5% booked in April, according to IPD's German Monthly Open Ended Fund (OFIX) index.
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PropertyEU Archive
La Fran莽aise REM launches debt platform
La Fran莽aise REM has announced that it is launching a property debt platform, as first tipped by PropertyEU in February.
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PropertyEU Archive
Portela takes non-exec position at Secure Property
Secure Property Development & Investment, formerly Aisi Realty Public, a South Eastern European-focused property and investment company, has appointed 脕lvaro Portela as a non-executive director.
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PropertyEU Archive
Sponda acquires office asset in Moscow
Helsinki-listed property company Sponda has purchased the Bakhrushina House office building in downtown Moscow for $47 mln (EUR 37 mln) from UFG Real Estate. The investment volume reflects a net initial yield of over 9.5%.
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PropertyEU Archive
Investors agree extension for Arlington business park fund
Investors in Arlington Business Parks Partnership (ABPP) have agreed a five-year extension for the 拢1.1 bn (EUR 1.3 bn) fund.
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PropertyEU Archive
C&W concludes two major lease renewals in Budapest
Property adviser Cushman & Wakefield said it has concluded two major office lease renewals totalling nearly 18,000 m[sup]2[/sup] with multinational corporations in the Hungarian capital Budapest.
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PropertyEU Archive
ECE takes over management of 'Mega Mall' in Sofia
Austrian developer Real 4 You Immobilien has commissioned shopping centre specialist ECE to take over the management and leasing out of the Mega Mall project in Sofia.
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PropertyEU Archive
W枚lbern Invest launches first green fund
Hamburg-based real estate fund manager W枚lbern Invest has launched its first special fund (Spezialfonds) for institutional investors targeting sustainable office properties in major west European cities.
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PropertyEU Archive
Investors stick with GOEFs as new legislation looms: INREV
Institutional investors and fund managers of German open-ended funds (GOEFs) remain surprisingly positive about these vehicles despite the imminent introduction of tighter requirements under the AnsFuG legislation, according to recent research by INREV.
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PropertyEU Archive
Goodman delivers 66,000m[sup]2[/sup] of space in Germany
Goodman Group said it has delivered 65,900 m[sup]2[/sup] of logistics space for three customers in Germany so far this year. The international property company has also signed contracts to develop a further 98,500 m[sup]2[/sup] of logistics facilities in the country.
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PropertyEU Archive
Overseas capital dominates London office market in H1: JLL
Foreign capital was behind 75% of the office investments in London so far this year, according to preliminary research by Jones Lang LaSalle. Asia accounted for 27% of the foreign acquisitions.
