All PropertyEU Archive articles 鈥� Page 1721
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PropertyEU Archive
BoA in talks to sell $1b of assets to Blackstone - report
Bank of America is in exclusive talks to sell the bulk of Merrill Lynch's real estate investments to Blackstone for up to $1bn (EUR 690 mln), according to a news report in the Financial Times.
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PropertyEU Archive
Europa Capital completes EUR 100m Mall of Sofia deal
Europa Capital, the fund manager of Europa Fund III and the Europa Emerging Europe Fund, has completed the acquisition of Mall of Sofia in the Bulgarian capital from GE Real Estate and Avestus Capital Partners. The EUR 100 mln-plus acquisition - originally announced in June - was financed by the ...
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PropertyEU Archive
Pramerica forms EUR 120m Berlin residential jv
Pramerica Real Estate Investors has formed a EUR 120 mln joint venture to invest in apartment blocks in Berlin, the largest residential market in Germany. The Luxembourg-based joint venture, Preco Kauri CAB, has already acquired 13 residential buildings for EUR 24 mln. The assets comprise 325 residential units over 22,000 ...
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PropertyEU Archive
Warsaw office take-up rises 46% from 2010: Savills
Take-up in Warsaw's office market totalled 320,000 m[sup]2[/sup] in the first half of 2001, 46% higher than the same period last year, according to a new report released by Savills.
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PropertyEU Archive
Aareal, Morgan Stanley provide EUR 210m for D茅fense Plaza
German property lender Aareal Bank and US financial services firm Morgan Stanley have jointly arranged a EUR 210 mln club financing for the D茅fense Plaza office building in Paris. Aareal Bank acquired the EUR 195 mln senior tranche, initially provided by Morgan Stanley, with a junior lender contributing a further ...
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PropertyEU Archive
LaSalle IM launches EUR 230m European fund
LaSalle Investment Management on Wednesday announced the launch of the E-Regi special fund which raised around EUR 170 mln of equity from major institutional investors and pension funds. The fund, which aims to reach a total size of EUR 230 mln, will invest in commercial real estate assets in a ...
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PropertyEU Archive
Pension funds acquire London's 60 Cannon St
DTZ Investment Management has purchased 60 Cannon Street in the City of London on behalf of pension fund clients. The investment volume of 拢31 mln (EUR 35 mln) reflects a yield of 5.67%.
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PropertyEU Archive
European logistics begins to see shortage: Knight Frank
European logistics property markets are beginning to experience shortages of new supply, according to Knight Frank.
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PropertyEU Archive
Pramerica ground lease fund raises EUR 111m
Pramerica Real Estate Investors has raised an additional 拢98 mln (EUR 111 mln) of equity for its UK Ground Lease Fund since it received the management mandate in September 2010.
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PropertyEU Archive
RBS, IRE to wind up 拢207m listed trust
Fund manager Invesco Real Estate and Royal Bank of Scotland have agreed to liquidate a debt-laden listed property company by 2014.
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PropertyEU Archive
IRE divests Alma office scheme in Warsaw
Invesco Real Estate has sold the Alma office building in Warsaw's Mokotow district to the Polish private equity company Rotaria for an undisclosed amount.
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PropertyEU Archive
Blackstone bags Magnolia mall in Wroclaw
Alternative asset manager Blackstone has acquired the Magnolia Park shopping centre in the Polish city of Wroclaw for about EUR 110 mln.
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PropertyEU Archive
M&G fund buys in Sweden and Germany
The managers of the M&G European Property Fund have announced the acquisition of two more northern European assets in response to increased investor demand for funds with exposure to core, well-let property assets in the region.
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PropertyEU Archive
MPC Capital fully places German and Dutch funds
German closed-end fund manager MPC Capital has placed two real estate funds, MPC Deutschland 9 and MPC Holland 72, which are invested respectively in the Philip Morris' German headquarters and in the European head office of Kyocera Mita in the Dutch city of Hoofddorp.
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PropertyEU Archive
CEE offices vacancy rates decline: CBRE
Average office vacancy rates in CEE declined below 14% in H1 2011 following on from a 2% decline since the fourth quarter last year, according to the latest data from CB Richard Ellis (CBRE).
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PropertyEU Archive
Savills predicts year-end flurry of UK mall deals
The UK shopping centre investment market is set for an extremely busy finish in 2011, according to Savills.
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PropertyEU Archive
HSH provides EUR 103m financing to Hamburg project
HSH Nordbank has agreed to provide EUR 103 mln financing to German developer Frankonia Eurobau for its Gro脽er Burstah Office/Lofthaus project in Hamburg.
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PropertyEU Archive
Cross-border deals make up half of global Q2 volume: JLL
Cross-border transactions rose 50% to comprise half of the EUR 72 bn of direct commercial real estate investment completed in the second quarter of 2011, according to Jones Lang LaSalle.
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PropertyEU Archive
MGPA JV buys retail asset in Copenhagen for EUR 220m
Independent private equity real estate investor MGPA has acquired a high street retail asset leased to the Illum department store in central Copenhagen for around EUR 220 mln, including senior debt provided by Swedish bank SEB. The vendor is Magillum Properties, a part of the Solstra Group, which owns the ...
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PropertyEU Archive
Sports Direct acquires properties for EUR 99m
Sports Direct International is to acquire a portfolio of 32 freehold and long leasehold properties from Michael Ashley, founder and a director of the London-listed sports retailer, for 拢87 mln (EUR 99 mln).
