All PropertyEU Archive articles 鈥� Page 1659
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PropertyEU Archive
Pramerica buys Glasgow office scheme for EUR 84m
Pramerica Real Estate Investors (PREI) has completed the acquisition of a Grade-A office building in Glasgow for 拢70 mln (EUR 84 mln). The asset, located at 141 Bothwell Street, was acquired on behalf of a single client account.
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PropertyEU Archive
Amundi snaps up office in Paris Bercy for EUR 90m
France's Amundi Immobilier has acquired an office building in Paris Bercy from listed property firm Gecina for EUR 90 mln. Law firm Hogan Lovells advised the buyer.
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PropertyEU Archive
C&W Investors buys London asset for UK pension fund
Cushman & Wakefield Investors has acquired New Chapter House, a core City of London asset, for 拢17 mln (EUR 20 mln), reflecting a yield of 5.7%. The 2,100-m[sup]2[/sup] property was purchased for the West Sussex Pension Fund.
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PropertyEU Archive
WP Carey & Co. founder and chairman dies in Florida
W. P. Carey & Co has announced that its founder and chairman William Polk Carey died at the age of 81 at Good Samaritan Medical Center in West Palm Beach, Florida.
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PropertyEU Archive
UK student housing attracts EUR 1b of funds in 2011
Nearly 拢840 mln (EUR 1 bn) of capital has been committed to investment and development in the student accommodation sector in 2011, new research of CBRE has revealed. This is more than double the 拢350 mln allocated to the sector in the whole of 2009.
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PropertyEU Archive
Europe listed sector posts 10% loss in 2011: GPR
The European listed property sector reported a loss of up to 10.4% in 2011, with December closing 0.7% lower than the previous month, according to the GPR 250 Europe Index.
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PropertyEU Archive
Allianz bags EUR 115m French office scheme
Allianz Real Estate has bought an office scheme in the commune of Levallois-Perret, north of Paris, from an unnamed vendor for EUR 115 mln. The transaction was completed on behalf of French companies of the German Allianz insurance group.
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PropertyEU Archive
Balder acquires Danish housing portfolio for EUR 145m
Swedish property firm Balder has acquired a residential portfolio in Copenhagen in a deal worth SEK 1.3 bn (EUR 145 mln).
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PropertyEU Archive
FCC sells 3 assets for EUR 460m in major shake-up
Spanish construction giant Fomento de Construcciones y Contratas (FCC) has sold three real estate assets for EUR 460 mln as part of a major resturcturing of its real estate division.
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PropertyEU Archive
Hansainvest buys Amsterdam asset for EUR 56m
German fund manager Hanseatische Investment (Hansainvest) has acquired an office building in Amsterdam for EUR 56 mln. The asset, known as Nijenburg, was sold by CBRE Global Investors NL on behalf of the CBRE Dutch Office Fund.
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PropertyEU Archive
Savills appoints new boss for Dutch business
International real estate advisor Savills has appointed Clive Pritchard as the new head of country for the Netherlands. Based at the firm's Amsterdam office, Pritchard succeeds Dave Hendriks who will remain head of the consultancy department (valuation and research).
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PropertyEU Archive
Skanska starts construction of Pozna帽 scheme
Construction and development group Skanska has received the green light for its first office project in the Polish city of Pozna帽.
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PropertyEU Archive
ECE founder Werner Otto passes away at 102
Werner Otto, founder of the mail-order company Otto and the shopping center development company ECE, has died. He passed away on 21 December at the age of 102 in the presence of his family in Berlin.
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PropertyEU Archive
Gecina sells EUR 209m of offices, secures new credit
French listed office REIT Gecina closed roughly EUR 209 mln worth of sales in December, reflecting a net exit cap rate of 5.5%.
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PropertyEU Archive
Canary Wharf secures EUR 230m loan for new project
Canary Wharf has secured a 拢190 mln (EUR 227 mln) development and investment loan facility for the construction of a major office scheme at 25 Churchill Place in the London business district.
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PropertyEU Archive
Bank club grants EUR 230m loan for data centre
A bank consortium has provided around EUR 230 mln of debt to the German data centre specialist E-shelter for the construction of a new centre in Germany. The members of the financing club are Italian lender Unicredit and German banks Bayerische Landesbank, and pbb Deutsche Pfandbriefbank
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PropertyEU Archive
Amplion fund buys Finnish retail portfolio for EUR 28m
ARIF I, a retail-focused fund managed by Amplion Asset Management, has acquired a eight retail properties in Finland from Varma Mutual Pension Insurance Company for nearly EUR 28 mln.
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PropertyEU Archive
Carrefour offloads 97 supermarkets for EUR 365m
French supermarket giant Carrefour has divested a portfolio of 97 supermarkets in France as part of its strategy to raise capital to fund new development projects.
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PropertyEU Archive
Beni Stabili buys Ducale mall for EUR 40m
Listed office-focused investor Beni Stabili Siiq has closed the acquisition of Il Ducale shopping centre in Vigevano, near the Italian city of Pavia. The investment volume of EUR 40 mln, including debt of EUR 12 mln, reflects a gross yield of 7%.
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PropertyEU Archive
Inditex founder acquires Madrid tower for EUR 400m
Pontegadea Inmobiliaria, the property firm owned by Spain's richest man Amancio Ortega, has acquired the Torre Picasso skyscraper in Madrid for EUR 400 mln. The 157-metre tower - the tallest building in the Spanish capital from 1988 to 2007 - was sold in late December by Fomento de Construcciones y ...
