All PropertyEU Archive articles 鈥� Page 1609
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PropertyEU Archive
Vastned sees lower direct result due to new tax rules in Spain
Retail property firm Vastned saw its direct result fall by 7% to EUR 15.6 mln in the first quarter of 2012, largely as a result of higher financing expenses and higher taxes stemming from new fiscal measures in Spain.
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PropertyEU Archive
More prime offices up for sale in Dutch market
More sales of large high-quality office buildings are on the cards in Amsterdam following Deka Immobilien's acquisition of the Vi帽oly office building in the city's Zuidas business district. The German open-ended fund manager snapped up the prime office building from troubled peer Credit Suisse for EUR 140 mln, reflecting a ...
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PropertyEU Archive
Topland, Wolsey to expand resi funding in UK
International investment group Topland and residential financing specialist Wolsey Securities have announced they are expanding their joint product offering to provide bridging finance and a wider range of senior debt finance.
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PropertyEU Archive
SEB AM to return EUR 1.2b to investors by end-June
SEB Asset Management will return around EUR 1.2 bn to investors by the end of June as the unwinding of its EUR 6.3 bn ImmoInvest fund gets under way, SEB AM's CEO Barbara Knoflach told PropertyEU.
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PropertyEU Archive
FdR's rents up 3.5% in Q1 2012
French listed office group Fonci猫re des R茅gions posted a 3.5% like-for-like increase in rental income in the first quarter of 2012 as a result of solid rental activity and positive indexation.
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PropertyEU Archive
Cordea Savills acquires London office at 6.1% yield
Cordea Savills has acquired the Camomile Court office property in London for 拢37.5 mln (EUR 47 mln), reflecting a net initial yield of 6.15%. The asset was purchased for the company's European Commercial Fund from MBK Real Estate.
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PropertyEU Archive
AXA RE cuts power consumption by 21% at key UK properties
AXA Real Estate reduced the overall gas and electricity consumption of 51 of its key properties in the UK by 21% in 2011, according to the firm's 2011-2012 Sustainable Development Report. The reduction was achieved with virtually no additional capital expenditure, as a result of the installation of smart meters ...
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PropertyEU Archive
Invesco invests EUR 83m in German and Swedish logistics
Invesco Real Estate (IRE) has acquired two logistics properties in Germany and Sweden for a total of EUR 83 mln on behalf of one of its pan-European fund mandates.
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PropertyEU Archive
Dutch central bank warns on valuations of maturing loans
About a third of the estimated total of EUR 80 bn in outstanding Dutch bank loans to the commercial real estate sector in the Netherlands is due for refinancing between now and end-2013 at a time when property values are falling, according to a sample study by the Dutch central ...
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PropertyEU Archive
Germans snap up bargains in Dutch market
At a time when many of its peers are floundering and being forced to liquidate their funds, German open-ended fund manager Deka Immobilien is on a buying binge.
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PropertyEU Archive
Unibail-Rodamco names Tonckens as new CFO
Unibaill-Rodamco has appointed Jaap Tonckens as chief financial officer with effect from 1 July 2012. Tonckens, currently the company's chief investment officer, will replace Peter van Rossum who is leaving at end-June.
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PropertyEU Archive
Orange portfolio sold in first Dutch CMBS workout
The EPI Orange portfolio has been sold to an unidentified private equity firm for EUR 50 mln. The deal involving 23 office and light industrial properties in the Netherlands was announced earlier this month by Cushman & Wakefield on behalf of special servicer Capita.
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PropertyEU Archive
SEB ImmoInvest devaluation leads to dip in GOEF index
The devaluation of SEB's ImmoInvest fund in late-April pushed returns for open-ended real estate funds down to -0.5% for the month compared with zero percent in March, according to figures from the IPD Investment Property Databank.
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PropertyEU Archive
GSW, Whitehall bid EUR 1b for Baubecon portfolio - report
German listed property company GSW Immobilien and its former owner Whitehall Funds have reportedly launched a EUR 1 bn bid for the Baubecon portfolio of residential units owned by UK lender Barclays.
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PropertyEU Archive
Aareal Q1 profit slips to EUR 43m
Aareal Bank reported a profit of EUR 43 mln in the first quarter of 2012, slightly down on the EUR 47 mln posted in both the first and final quarters of 2011. Net income amounted to EUR 21 mln, compared to EUR 24 mln in the previous quarter.
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PropertyEU Archive
CS Euroreal offloads Amsterdam office to Deka for EUR 140m
Credit Suisse Asset Management has sold the Vi帽oly office building at Amsterdam's South Axis business district to German open-ended fund Deka Immobilien Europa, PropertyEU has learned.
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PropertyEU Archive
Real I.S. buys office buildings in Rotterdam for EUR 36.4m
German fund manager Real I.S. has bought two adjacent office buildings in Rotterdam from Commerz Real for EUR 36.4 mln. Real I.S. acquired the properties on behalf of an institutional fund.
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PropertyEU Archive
Blackstone buys London portfolio for EUR 423m - report
New York-based private equity group Blackstone has acquired Devonshire Square, a 12-building office and retail campus, from rival Rockpoint and the Abu Dhabi Investment Authority (ADIA), according to a news report in the Financial Times.
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PropertyEU Archive
Allianz Real Estate adds to Berlin portfolio
Allianz Real Estate has expanded its portfolio in Berlin with the purchase of Markgrafenpark, an office complex comprising eight buildings near Friedrichstrasse in the centre of the German capital .
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PropertyEU Archive
Allianz clinches first property lending deal in France
Allianz Real Estate has entered the French property lending market with the origination of a EUR 275 mln loan in a joint venture with banking group Soci茅t茅 G茅n茅rale.
