All PropertyEU Archive articles 鈥� Page 1683
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PropertyEU Archive
Cordea Savills to reopen its Nordic Retail Fund
International property fund manager Cordea Savills is reopening its EUR 125 mln Nordic Retail Fund to raise additional capital for further investment.
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PropertyEU Archive
LGP hires Make for London's Hanover Sq office project
Legal & General Property has appointed Make Architects to kickstart plans for its major redevelopment of 7-10 Hanover Square, aimed at taking advantage of favourable market conditions in the Central London office market.
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PropertyEU Archive
Frozen SEB ImmoInvest fund sells 10 assets for EUR 680m
SEB Asset Management has sold 10 properties from its frozen open-ended real estate fund SEB ImmoInvest for a total of EUR 680 mln. The aggregate price was 0.5% above the current market values for the buildings.
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PropertyEU Archive
Pramerica wins 拢135m mandate from major corporate pension fund
Pramerica Real Estate Investors has secured a new separate account mandate to invest 拢135 mln (EUR 156 mln) into UK ground lease properties on behalf of the trustees of a major corporate pension fund.
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PropertyEU Archive
Corio reiterates EUR 360m sales plan
Dutch shopping centre REIT Corio has confirmed it intends to dispose of EUR 360 mln in assets from its portfolio.
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PropertyEU Archive
Rockspring acquires Mole business park for EUR 44m
Rockspring Property Investment Managers has acquired Mole Business Park, Leatherhead, UK from Hermes Real Estate Investment Management Limited (HREIML). The transaction price amounted to 拢38 mln (EUR 44 mln), reflecting a 7.3% net initial yield.
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PropertyEU Archive
Beni Stabili posts 5% rise in net profit
Beni Stabili Siiq, Italy's largest listed property company, has reported a 5% increase in net profit to just over EUR 40 mln in the first nine months of the year, versus EUR 38 mln in the same period a year before.
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PropertyEU Archive
German insurer acquires SEB mall for EUR 73m
Life insurance company W眉rttembergische Lebensversicherung has acquired the Stubengasse shopping centre and hotel property in the city centre of German city Munster for EUR 73 mln. The vendor of the 17,000 m[sup]2[/sup] property was SEB Asset Management on behalf of its semi-institutional open-ended real estate fund SEB ImmoPortfolio Target Return ...
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PropertyEU Archive
Marianne Voigt joins Alstria's supervisory board
Alstria Office REIT has appointed Marianne Voigt to its supervisory board. The German office investor said the appointment was the first step in adjusting its supervisory board to a new shareholder structure and reflects its increased free float. Voigt is a founder and managing director of bettermarks, an online maths ...
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PropertyEU Archive
Moscow overtakes London as city with best occupier demand prospects
Moscow has ousted London from first place in the rankings of Europe's most attractive cities for real estate investment this year after climbing from 10th to 2nd place the previous year, according to a new report from LaSalle Investment Management. The latest rise demonstrates the importance of size and economic ...
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PropertyEU Archive
Eurohypo suspends new business
German banking giant Commerzbank has suspended new business at Eurohypo, its commercial property lending subsidiary, until end-June 2012. The move is aimed at meeting the additional capital requirements of the European Banking Authority (EBA), which has said Commerzbank needed to fill a EUR 2.94 bn capital shortfall. Commerzbank has until ...
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PropertyEU Archive
MGPA opts for quick first close of Europe Fund IV
MGPA has raised about $100 mln (EUR 73 mln) in commitments in the first close of its Europe Fund IV (EF IV). The target size of the fund is $750 mln (EUR 600 mln) of equity with the potential to add 50-60% leverage.
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PropertyEU Archive
Economic uncertainty continues to hinder European market: RICS
Ongoing economic uncertainty further weakened commercial real estate markets around the world during the third quarter of this year, with usually strong performers such as France starting to falter, according to the latest RICS Global Commercial Property Survey.
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PropertyEU Archive
ECE fund makes first purchase in Italy
European shopping centre specialist ECE Projektmanagement has made its first move in the Italian market with the purchase of the Megal贸 shopping centre in Chieti, Central Italy, from the SEB ImmoInvest open-ended property fund. The selling price is substantially above the current market value, SEB said in a statement.
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PropertyEU Archive
Vastned Retail puts stronger focus on high-street
Dutch retail property fund Vastned Retail is to roll out a new strategy aimed at increasing its high-street exposure to 65%, from 48% at present.
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PropertyEU Archive
Goodman, Europa Capital to build 30,000-m[sup]2[/sup] facility in Kent
Global property group Goodman and real estate investment manager Europa Capital have received outline planning consent to develop 325,000 sq ft (30,000 m2) of industrial space at their 16-acre site in New Hythe near Aylesford, Kent, UK.
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PropertyEU Archive
Prime Office extends EUR 100m loan, raises 2011 estimates
Germany's Prime Office REIT has raised its full-year forecasts after posting a positive net rental income result in Q3 of over EUR 49 mln.
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PropertyEU Archive
JLL reports 28% revenue increase in Q3
International property services firm Jones Lang LaSalle has reported a higher-than-expected increase in revenue to $903 mln (EUR 655 mln) in the third quarter, largely driven by the $319 mln acquisition of King Sturge earlier this year. The EMEA region reported the strongest growth, with a 46% rise to $247 ...
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PropertyEU Archive
Sponda secures EUR 375m syndicated facility
Finnish listed property firm Sponda has been granted a new five-year loan for a total of EUR 375 mln from a syndicate of Nordic banks Nordea, Pohjola, Skandinaviska Enskilda, Danske and Swedbank.
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PropertyEU Archive
Aberdeen's Degi Europa sells Westend Gate in Frankfurt
Aberdeen's frozen open-ended property fund Degi Europa has reportedly agreed to sell the Westend Gate tower in Frankfurt's financial district to US investor RFR Holding, according to a news report in German newspaper Financial Times Deutschland.
