All PropertyEU Archive articles 鈥� Page 1717
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PropertyEU Archive
London & Stamford buys London apartments for EUR 27m
London & Stamford Property (LSP) is buying apartments in the UK capital for 拢24.4 mln (EUR 27 mln) from Kilmorie Investments.
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PropertyEU Archive
Skanska to build 3rd phase of mega Finnish mall
The Finnish arm of construction company Skanska has won the contract to build the third phase of Kannelm盲ki Shopping Center in Helsinki. The contract is valued at EUR 55 mln.
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PropertyEU Archive
Citycon signs a new EUR 50m term loan
Finnish listed retail specialist Citycon said on Friday that it has signed a seven-year unsecured term loan facility with OP-Pohjola Group for a minimum committed amount of EUR 50 mln. The loan agreement includes an additional uncommitted seven-year term loan facility for a maximum amount of EUR 25 mln that ...
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PropertyEU Archive
Eurocommercial buys fully let mall in Italy for 6.75%
Euronext-listed Eurocommercial Properties has announced it is acquiring a shopping centre in the Lombardy region, in Northern Italy, for EUR 82.5 mln representing a net initial yield of 6.75%. The vendors are Coop Lombardia, Gruppo Finim and CMB.
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PropertyEU Archive
ABG purchases Campus Bockenheim for EUR 90m
ABG Frankfurt Holding has announced the acquisition of the 16.5-hectare Campus Bockenheim development site in Frankfurt from the State of Hessen for a price of around EUR 90 mln. The purchase follows the signing of a preliminary agreement to buy the asset in March this year.
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PropertyEU Archive
Episo sells for EUR 90m to Malaysian pension fund
European Property Investors Special Opportunities (EPISO), an opportunistic real estate fund co-advised by Tristan Capital Partners and AEW Europe, has sold a regional distribution centre in Dartford, Kent in the UK to Malaysia's Employees Provident Fund for 拢80 mln (EUR 90 mln). RREEF brokered the deal on behalf of the ...
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PropertyEU Archive
Alstria chief calls for conversion of German funds into listed vehicles
Transforming German open-ended real estate funds (GOEFS) into listed vehicles is the only way of boosting their liquidity and achieving a bigger and well-functioning market in Germany, Olivier Elamine, CEO of Alstria Office REIT, told PropertyEU.
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PropertyEU Archive
Axa reallocates real estate capital outside France
Europe鈥檚 biggest real estate investor, AXA Real Estate, is reallocating capital outside France on behalf of its major shareholder AXA Group, PropertyEU Magazine reports.
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PropertyEU Archive
Blackstone rounds off Valad takeover
Blackstone Real Estate Advisors has rounded off the formal takeover of Sydney-listed Valad.
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PropertyEU Archive
Investors tap into developments in mature markets
Tapping into the demand for new prime product in mature markets was a key theme in the European investment market in July. The largest office transaction recorded by PropertyEU Research in the period involved Canary Wharf Group linking up with Qatari Diar to redevelop the Shell Centre on London鈥檚 South ...
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PropertyEU Archive
Vasakronan purchases Malm枚 office for EUR 27m
Swedish real estate company Vasakronan is acquiring an office project in the city of Malm枚 for SEK 246 mln (EUR 27 mln). The vendor is Nordic construction and development group NCC.
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PropertyEU Archive
Hems枚 acquires EUR 44m public property in Sweden
Swedish joint venture Hems枚 has acquired a newly developed school property north of Stockholm. The property in Upplands V盲sby houses two senior high schools, municipal library, work premises for the municipal executive, a cafe and other amenities.
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PropertyEU Archive
MGPA buys 50% stake in Chinese mall for EUR 46m
Independent private equity real estate investor MGPA has completed the acquisition of a 50% share in a Chinese shopping centre for RMB 422 mln (EUR 46 mln).
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PropertyEU Archive
Immac bags German nursing home portfolio for EUR 62m
A consortium led by German investor Immac has acquired a portfolio of nine nursing homes from Hansa Immobilien for around EUR 62 mln. The consortium includes the Hamburg-based Antaris health care group and Azurit-Gruppe.
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PropertyEU Archive
Prologis sells portfolio in US for EUR 81m
New York-listed distribution property group Prologis has sold a 260,000 m[sup]2[/sup] industrial portfolio in the US for $118 mln (EUR 81 mln) to real estate investment manager Clarion Partners.
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PropertyEU Archive
Gort appointed CEO of ASR Real Estate Development
Dick Gort has been appointed CEO of ASR Real Estate Development, the property development company of Dutch insurer ASR, as of 1 September. He succeeds Foppe Kooistra, who retired on 1 July.
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PropertyEU Archive
CEE investment approaching record levels: CBRE
Real estate investment reached EUR 6.9 bn in Central and Eastern Europe (CEE) in the first eight months of this year, an increase of 20% compared to the whole of 2010, data from CB Richard Ellis indicates. The international property adviser said 2011 is already the fourth strongest year in ...
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PropertyEU Archive
Vastned O/I shareholders approve merger with NSI
The shareholders of Vastned Offices/Industrial have 'overwhelmingly' approved the proposed merger with Nieuwe Steen Investments (NSI) during an extraordinary general meeting held in Rotterdam on Thursday.
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PropertyEU Archive
European capital values remain stable: CBRE
The second quarter of 2011 (Q2) marked a continued period of general stability in values across the European commercial property market. While positive (+0.1%), the rate of growth was much slower than seen in the previous two quarters (at +0.4%, and +1.2% respectively), according to the latest European Valuation Monitor ...
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PropertyEU Archive
Composition Capital forms Macau residential JV
Amsterdam-headquartered fund manager Composition Capital Partners has formed a joint venture partnership with a residential property developer in Macau.
