All PropertyEU Archive articles 鈥� Page 1608
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PropertyEU Archive
Orchard Street acquires office building in central London
Orchard Street Investment Management has completed the acquisition of an office property in central London for 拢20.5 mln (EUR 25.6 mln). The purchase is the first for Orchard Street Special Situations Fund II, which was set up in April 2012.
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PropertyEU Archive
Multi, Wilhelm join expert briefing on Benelux property investment
Multi Corporation CEO Heino Vink and Peter Wilhelm, CEO of Wilhelm and Co, have joined the expert panel for PropertyEU's Investment Briefing on the Benelux markets.
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PropertyEU Archive
Citycon Finnish boss quits over strategy differences
Helsinki-listed real estate company Citycon has announced that the head of its Finnish operations and vice president Michael Sch枚nach is leaving the company with immediate effect due to a clash over strategy.
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PropertyEU Archive
INREV launches fund of fund survey to improve due diligence
The European association for investors in non-listed real estate funds (INREV) has launched a new fund of fund due diligence questionnaire to enable investors to compare and analyse information on fund offerings more efficiently. The survey also includes a separate section on multi-manager accounts.
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PropertyEU Archive
Patrizia opens office in London
German listed real estate company and fund manager Patrizia Immobilien is opening an office in London, adding to its existing international offices in Luxembourg and Sweden.
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PropertyEU Archive
Newsec to property manage 700,000m[sup]2[/sup] portfolio in Finland
Newsec Asset Management has announced it is to provide property management services for a 700,000 m[sup]2[/sup] real estate portfolio owned by Finnish financial group Pohjola. The agreement runs from July 2012.
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PropertyEU Archive
Corio sees net profit more than halve in Q1
European retail specialist Corio reported net profit in the first three months of 2012 more than halved to EUR 40.1 mln from EUR 87.1 mln in the year-earlier period following a negative indirect result of EUR 27.8 mln.
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PropertyEU Archive
Atrium Q1 rental income climbs on acquisitions
Atrium European Real Estate said its net rental income increased by more than 17% to EUR 43 mln in the first quarter of 2012 from EUR 42 mln in the year-earlier period. The company attributed the growth primarily to acquisitions carried out in 2011 and a strong performance in Russia.
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PropertyEU Archive
European industrial investment drops 40% in Q1: JLL
Most European industrial investment markets recorded a quiet start to the year following a flurry of activity in the final quarter of 2011, according to research published by property adviser Jones Lang LaSalle. Limited availability of prime assets for sale braked investment activity to EUR 1.5 bn, down 40% on ...
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PropertyEU Archive
Spanish banks take further EUR 11b in bad loan provisions
Spain's top banks have unveiled EUR 11 bn of new bad debt provisions to deal with market concerns about the size of the real estate loans on their books.
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PropertyEU Archive
Korean newcomer invests EUR 206m in London office asset
Korean public-sector pension fund POBA has entered the London real estate market with the acquisition of a 21,160 m[sup]2[/sup] office property in the City financial district for 拢165 mln (EUR 206 mln). The vendor was Apollo Real Estate.
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PropertyEU Archive
European deal volumes shrink 50% in April
European real estate investment slowed significantly in April compared with March, continuing the downward trend seen since the beginning of the year. PropertyEU Research recorded a volume of EUR 3.5 bn for April, compared with almost EUR 5 bn a month earlier.
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PropertyEU Archive
Union's Emporio in Hamburg 70% let
International law firm White & Case has signed a lease with Union Investment for around 6,000 m[sup]2[/sup] of space in the redeveloped Emporio scheme n Hamburg.
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PropertyEU Archive
Dubai group acquires Le M茅ridien Budapest
Dubai conglomerate Al Habtoor Group has added Le M茅ridien Budapest to its hotel portfolio. The financial details of the transaction were not disclosed.
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PropertyEU Archive
BNP Paribas signs new alliance in Austria
BNP Paribas Real Estate has boosted its presence in Austria through a joint venture with local property services firm Danube Property Consulting.
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PropertyEU Archive
CA Immo awarded Austrian ethical cert
CA Immo has become the first real estate company in Austria to be certified according to the standards of the Austrian Society for Sustainable Real Estate (脰GNI).
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PropertyEU Archive
Europa Capital, St Congar invest in brownfield site in England
The English Residential Land Partnership, a joint venture between Europa Capital and St Congar Land, has completed the purchase of the HSBC Training Facility to the south of St Albans in Hertfordshire, England. Financial details were not disclosed.
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PropertyEU Archive
Fabege launches share buyback programme
Stockholm-listed real estate company Fabege has unveiled a share buyback programme to shore up its financial position. The shares acquired may not exceed 10% of the total number of outstanding Fabege shares at any time.
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PropertyEU Archive
Invesco buys Swedish retail park for German fund
Invesco Real Estate has acquired a retail park near Stockholm for EUR 63 mln. The global investment manager carried out the transaction on behalf of iii-BVK Europa-Immobilien-Spezialfonds, an institutional real estate fund managed by Invesco for German pension fund Bayerische Versorgungskammer (BVK).
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PropertyEU Archive
Rockspring starts construction of retail scheme in Wales
Rockspring Property Investment Managers and its development partner, Simons Development, said that construction has commenced on the first phase of Bargoed Retail Plateau in South Wales.
