All PropertyEU Archive articles 鈥� Page 1738
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PropertyEU Archive
Norway's KLP seals EUR 170m purchase in Copenhagen
The Danish arm of Norwegian real estate group KLP Eiendom has snapped up the massive TDC office complex at Teglholmsgade in the South Harbour of Copenhagen for DKK 1.26 bn (EUR 170 mln). The deal - the largest property transaction clinched in Denmark so far in 2011 - reflects a ...
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PropertyEU Archive
Prime Office raises EUR 214m in IPO
German office property firm Prime Office raised roughly EUR 214 mln after placing 34.5 million shares at a price of EUR 6.20 per share on the Frankfurt and Munich stock exchanges on Thursday. The operation comes a week after Prime Office was forced to postpone its IPO at a substantially ...
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PropertyEU Archive
Fimit fund sells Milano 3 City office building
Alpha Immobiliare Fund, managed by Italian fund manager Fimit, has divested an office complex located in Basiglio, near Milan, to an unnamed local institutional investor. The transaction price amounts to EUR 18 mln.
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PropertyEU Archive
Gecina offloads Barclays Cap's French HQ at 4.7% yield
French office REIT Gecina has completed two major divestments in Paris and Lyon, bringing its total disposal volume so far this year to nearly EUR 560 mln. In a statement on Thursday, Gecina said it has sold the Origami office building in the eighth arrondissement of Paris to a private ...
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PropertyEU Archive
Estcapital sells London's St Martins Place for 拢41m
Italian fund manager Estcapital has clinched the sale of a mixed-use scheme at 7/8 St Martins Place in London to West End of London Property Unit Trust (WELPUT), a closed-end fund managed by Schroders.
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PropertyEU Archive
Deutsche Pfandbriefbank provides EUR 46m for Swedish deal
German real estate lender pbb Deutsche Pfandbriefbank has provided a SEK 422 million (EUR 46 mln) facility to a Swedish investor for the acquisition of a 95,400-m[sup]2[/sup] distribution centre.
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PropertyEU Archive
Internos to manage EUR 487m IERET portfolio
Internos Real Investors has been appointed to manage the sale of the EUR 487 mln portfolio owned by London-listed Invista European Real Estate Trust (IERET).
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PropertyEU Archive
Canadian pension fund bags 50% of London's MidCity Place
Canadian pension fund Ontario Municipal Employees Retirement System (OMERS) has purchased a 50% stake in MidCity Place in London from an affiliate of US private equity firm Beacon Capital Partners. Although the acquisition volume was not disclosed, market reports indicate the price was around 拢142 mln (EUR 157 mln).
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PropertyEU Archive
YIT acquires development plots in Finland for EUR 70m
YIT is acquiring building rights in Helsinki, Turku and H盲meenlinna, Finland for a total of EUR 70 mln. The Finnish construction group announced on Thursday that it has signed letters of intent with the vendor, Finnish transport company, VR-Group.
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PropertyEU Archive
Corio scoops Saint-Jacques mall in Metz for EUR 96m
Dutch listed retail investor Corio said on Thursday that it has acquired 75.8% of the Saint-Jacques shopping centre located in Metz, in the northeastern part of France, for EUR 96.4 mln, reflecting a net initial yield of 6.6%. Although the vendors cannot be disclosed, a Corio spokesperson said they are ...
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PropertyEU Archive
Orchard Street acquires Salisbury mall
Orchard Street Investment Management has acquired Old George Mall shopping centre in Salisbury, the UK on behalf of a pension fund client. The investment volume of more than 拢80 mln (EUR 88 mln) reflects a yield of 6%.
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PropertyEU Archive
AEW Europe names new research director
Real estate investment manager AEW Europe has appointed Sam Martin as research director within its research and strategy team based in London. He will report to Mahdi Mokrane, head of research and strategy for AEW Europe.
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PropertyEU Archive
Catella appoints new executive chairman
European finance group Catella has appointed Lennart Schuss to a new role as executive chairman of the board of the company's Nordic corporate finance unit.
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PropertyEU Archive
Union appoints new real estate director
Jens Wilhelm is taking over responsibilities for real estate on the board of Frankfurt-based Union Investment Asset Management Holding, effective 1 July. Wilhelm (45) succeeds Wolfgang Mansfeld, who is retiring.
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PropertyEU Archive
LaSalle wins European Pension Award
LaSalle Investment Management has been named the best Property Manager of the Year at the European Pensions Awards 2011. Susan Lloyd-Hurwitz, managing director of Europe, LaSalle said, 'The significance of this award is that the European pensions industry has singled out LaSalle Investment Management for distinction. Winning the 'Property Manager ...
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PropertyEU Archive
Helical Bar strengthens board with key hires
Helical Bar has further strengthened its board with the appointment of Duncan Walker as an executive director and Michael O鈥橠onnell as an independent non-executive director.
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PropertyEU Archive
Two join C&W's Berlin investment team
Robert Kabelitz and Ronny T枚rpel have joined Cushman & Wakefield's investment team in Berlin as senior consultants.
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PropertyEU Archive
British Land further expands London resi portfolio
UK REIT British Land has agreed to purchase Wardrobe Court, EC4, a 71,000-sq ft (6,600-m2) residential investment property in the heart of the City of London for 拢57 mn (EUR 63 mln), representing a net initial yield of 4.7%.
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PropertyEU Archive
MacMillan to coordinate CEE valuations at CBRE
Graham MacMillan, CBRE's head of valuation in Hungary, has been promoted to director and coordinator of the property adviser's valuation departments throughout CEE.
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PropertyEU Archive
Soc Gen hires ex-Lehman co-head of UK real estate
Societ茅 Generale Corporate & Investment Banking has appointed James Jakeman to head its real estate structured finance team in the UK as it seeks to increase its lending activities in the country.
