All PropertyEU Archive articles 鈥� Page 1757
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PropertyEU Archive
FdR places EUR 550m worth of bonds
French SIIC Fonci猫re des R茅gions (FdR) has announced the issue of EUR 550 mln worth of convertible bonds due on 1 January 2017.
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PropertyEU Archive
Orchard Street acquires EUR 58m industrial portfolio
Orchard Street Investment Management has acquired a portfolio of industrial properties in the south-east of England for a pension fund client. The investment volume of 拢50.4 mln (EUR 58 mln) reflects a net initial yield of 7.1%.
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PropertyEU Archive
Hesse Newman buys in Brussels for EUR 62m
Hamburg-based closed-end fund manager Hesse Newman has acquired an office building in the Leopold district of Brussels from an unnamed party for around EUR 62 mln.
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PropertyEU Archive
Siemens and HIH agree sale-and-leaseback deal
German closed-end fund manager HIH has acquired an office property in Hamburg's Lindenplatz district on behalf of an unnamed institutional investor from electronic giant Siemens. The companies agreed not to disclose the purchase price in the sale-and-leaseback transaction.
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PropertyEU Archive
InfraRed buys German logistics assets from Redevco
InfraRed Capital Partners has acquired two logistics facilities in Germany from Redevco Services Deutschland for an undisclosed amount. The properties are earmarked for the company's InfraRed European Active Real Estate Fund.
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PropertyEU Archive
Gazeley develops new logistics park in Brescia
Global logistics developer-operator Gazeley has announced plans to develop a new logistics park on a 25-hectare site in Brescia, northern Italy. Phase I of the Magna Park Manerbio is expected to accommodate up to three build-to-suit facilities totalling 80,000 m[sup]2[/sup].
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PropertyEU Archive
Minerva confirms takeover talks
London-listed property company Minerva has confirmed it is in 'advanced discussions' with a number of parties regarding a possible takeover of its 拢1bn struggling development business.
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PropertyEU Archive
Prime Office plans to list as G-REIT
Germany's Prime Office said on Monday that it is planning to launch an Initial Public Offering (IPO) on the Frankfurt and Munich stock exchanges this summer beforing converting to a tax-transparent real estate investment trust (REIT).
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PropertyEU Archive
Sonae Sierra to manage Italy's Le Isole mall
Portuguese retail specialist Sonae Sierra has reached a property management service agreement for Le Isole shopping centre, located in Gravellona Toce, Italy.
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PropertyEU Archive
IVG places structured private placement
IVG Private Funds has created a closed-end fund for the European headquarters of Hermes Logistics Group in the fund manager's first structured private placement. IVG has retained a long-term minority interest in the building and will be responsible for the commercial management of the property and asset management. The financial ...
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PropertyEU Archive
Echo gets permit for 25,000m[sup]2[/sup] project in Wroclaw
Echo Investment has obtained a building permit for a 25,000-m[sup]2[/sup] A-class office development in the centre of the Polish city of Wroclaw. The Polish-based development company said that Aquarius Business House offers a range of the latest high-end information and communication technology links, security and access control systems as well ...
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PropertyEU Archive
Strabag issues EUR 175m corporate bond
Austrian property and construction company is issuing a EUR 175 mln corporate bond to be used for general business purposes and improve the company's financing structure. The fixed-interest bond has a term to maturity of seven years and a coupon of 4.75 % per annum.
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PropertyEU Archive
IPD European Property Investment Awards 2011: the winners
The Investment Property databank (IPD) presented the 17 winners of its European Property Investment Awards, after the gala dinner reception at its annual European Conference last week. The awards - presented by financial journalist and author Jeroen Smit at Amsterdam's Okura Hotel - recognise outperformance over a three-year period ...
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PropertyEU Archive
Pbb posts 3rd profitable quarter in a row
Pbb Deutsche Pfandbriefbank, the core bank of Germany's HRE Group, has posted a pre-tax profit of EUR 52 mln in the first quarter of the year, marking the bank's third profitable quarter in a row, against a backdrop of restructuring that is largely completed.
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PropertyEU Archive
Immofinanz sells 30% stake in self-storage arm
A subsidiary of Immofinanz has sold its 30% stake in the Austrian self-storage business arm, SelfStorage-Dein Lager Lagervermietungs, to local operator MyPlace SelfStorage Holding for around EUR 34 mln. The closing is scheduled for end-July 2011.
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PropertyEU Archive
Charities Property Fund surpasses 拢400m milestone
The Charities Property Fund in the UK acquired four properties in the first quarter of 2011, bringing the total value of its portfolio to over 拢400 mln (EUR 456 mln). The new assets were purchased for 拢50 mln with an average yield of 7.5%. These properties included: a multi-let industrial ...
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PropertyEU Archive
SFL issues EUR 500m worth of bonds
French property company Soci茅t茅 Fonci猫re Lyonnaise has completed its first EUR 500 mln bond issue. The 4.625% inaugural bond issue is due on 25 May 2016.
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PropertyEU Archive
UK CPT acquires leisure scheme for EUR 58m
UK Commercial Property Trust has acquired the Rotunda Leisure Scheme in Kingston upon Thames, UK from Curo Property Funds for 拢51 mln (EUR 58 mln). The investment volume reflects an initial yield of 6.5%.
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PropertyEU Archive
Peakside fund acquires London office project
Peakside Capital, a specialist European real estate private equity firm, has acquired 80 Hammersmith Road, London from Scottish Amicable Life Assurance Society.
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PropertyEU Archive
SEB ImmoPortfolio Target Return Fund wins IPD award
SEB Asset Management's SEB ImmoPortfolio Target Return Fund was one of the winners of this year's IPD European Property Investment Awards. The open-ended real estate fund has delivered the highest average performance in Germany over the past three years. It has now received the coveted award for the fourth year ...
