All PropertyEU Archive articles 鈥� Page 1613
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PropertyEU Archive
Niam recruits director to portfolio management team
Nordic private equity firm Niam said on Wednesday that it has hired Erik Rydstr枚m as director to its portfolio management team.
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PropertyEU Archive
Union Investment tops Dutch investor ranking
Union Investment Real Estate was the top German investor in the Netherlands in 2011 thanks to its acquisition of the first building of the Monarch project in The Hague for EUR 70 mln. The Hamburg-based manager of open-ended and special funds also purchased the Crowne Plaza hotel in the Dutch ...
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PropertyEU Archive
Europe's listed sector down 0.5% in April: GPR
The European listed property sector posted a loss of 0.5% in April - the first monthly decline so far in 2012, according to research by GPR in Amsterdam.
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PropertyEU Archive
CBRE mandated to market 40,000-m[sup]2[/sup] Lisbon portfolio
Global property adviser CBRE has been appointed as the exclusive selling agent for a 40,000-m[sup]2[/sup] office portfolio in the Portuguese capital Lisbon.
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PropertyEU Archive
JLL posts sharp increase in Q1 profit
Jones Lang LaSalle posted a sharp increase in first-quarter net income which reached $14 mln, or 31 cents per share versus $1 mln, or 3 cent a share, in the year-earlier period.
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PropertyEU Archive
Pembroke snaps up landmark Munich mixed-use asset
US investor Pembroke Real Estate has announced the acquisition of one of Munich's most prestigious mixed-use properties, known as Maximilianh枚fe, from Avestus Capital Partners. The financial details were not disclosed. However, the asset is believed to have been sold for a value between EUR 250 and 300 mln. Bank Landesbank ...
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PropertyEU Archive
Germans lead cross-border dealmaker ranking in Benelux
Germans fund managers were the largest cross-border investment group in the Benelux region last year.
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PropertyEU Archive
European office buildings face greater obsolescence: JLL
Over the next decade European office buildings face an increased risk of value depreciation and obsolescence, according to the Jones Lang LaSalle Offices 2020 research report.
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PropertyEU Archive
Non-listed funds suffer drop in returns and capital raising
Non-listed real estate funds witnessed a significant drop in returns and the level of capital raised in 2011, according to new reports issued by the European sector organisation INREV.
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PropertyEU Archive
MGPA, CarVal launch marketing of Viva project near Paris
European private equity group MGPA is joining forces with CarVal Investors to launch the marketing of its Viva office project in the Malakoff district of Paris.
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PropertyEU Archive
Dutch developers collapse as market shrinks further
A number of leading Dutch developers are on the ropes following the collapse of the real estate market. At end-April, Eurocommerce's creditors seized office buildings ahead of a court decision on the company鈥檚 insolvency. The Deventer-based developer is struggling to refinance a EUR 770 mln loan with a group of ...
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PropertyEU Archive
Outlook for Europe remains downbeat: RICS
Expectations in both the occupier and investment markets have improved across much of the world during first quarter of 2012, according to the latest RICS Global Commercial Property Survey. However, the outlook for the occupier market remains quite downbeat across much of the European Union, with the notable exception of ...
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PropertyEU Archive
High vacancies in Dutch market fail to scare German investors
German closed-end fund manager Real IS has reiterated plans to make more investments in the Dutch office market, despite the country鈥檚 exceptionally high vacancy levels, CEO Jochen Schenk told PropertyEU. Nationwide, the office market is plagued by a vacancy rate of 16%, running to 18% in Amsterdam and as high ...
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PropertyEU Archive
Cordea Savills acquires 15,000m[sup]2[/sup] logistics facility in Germany
Property fund manager Cordea Savills has acquired a 15,100 m[sup]2[/sup] warehouse facility under development in Leipzig, Germany from the real estate arm of logistics group DHL. The financial details of the forward purchase agreement were not disclosed.
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PropertyEU Archive
PEPR books loss in Q1, reduces LTV below 45%
European distribution space specialist ProLogis European Properties (PEPR) has reported an IFRS loss of EUR 21 mln for the first quarter of 2012. This compares with earnings of EUR 12 mln for the same period in 2011.
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PropertyEU Archive
Cap&Reg, Oaktree snap up UK mall for EUR 160m
London-listed property investor Capital & Regional and fund manager Oaktree Capital Management have acquired the Kingfisher Shopping Centre in the English town of Redditch for 拢130 mln (EUR 160 mln). Scottish Widows Investment Partnership (SWIP) sold the asset on behalf of clients.
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PropertyEU Archive
Raven Russia unveils EUR 165m logistics deal
Raven Russia plans to acquire a 213,000 m[sup]2[/sup] logistics complex near Moscow for $215 mln (EUR 165 mln) in cash.
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PropertyEU Archive
Zorlu unveils EUR 4.5b development pipeline
Zorlu Property Group, the real estate arm of Turkish industrial conglomerate Zorlu Holding, has over $6 bn (EUR 4.5 bn) of real estate under development or at the planning stage throughout Turkey, Zorlu's deputy general manager Mehmet Even told PropertyEU. 'Turkey's young population and its demographics make the energy and ...
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PropertyEU Archive
Round Hill acquires student resi business for EUR 513m - report
London-based real estate investment firm Round Hill Capital is reportedly acquiring UK student accommodation specialist Nido from private equity firm Blackstone for 拢420 mln (EUR 513 mln).
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PropertyEU Archive
European retail property volumes down 64% QoQ: CBRE
Investment turnover in the European retail property market slowed significantly in the first quarter of 2012 (Q1 2012) with few large transactions taking place, according to global real estate adviser CBRE.
