All PropertyEU Archive articles 鈥� Page 1792
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PropertyEU Archive
Asian investment wave set to hit Europe
Asian investors ploughed more than EUR1 bn into the London market in January, according to research by PropertyEU Research. Indeed, Asian investors accounted for three of the top five transactions over the month.
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PropertyEU Archive
MAGAZINE: CPI continues Spanish spree
Continental Property Investments (CPI) has clinched the purchase of an office building at Calle Serrano in the Spanish capital from Grupo Fox谩 for around EUR 22 mln, Francisco Pleguezuelos, head of CPI's investments in Spain, told PropertyEU in an interview.
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PropertyEU Archive
Savills France strengthens valuation team
International real estate advisor Savills has appointed Florence Leibovitch-Neu to join its French valuation department in Paris as a director. Leibovitch-Neu has 12 years experience in the industry, having previously worked at BNP Paribas Real Estate Valuation as director of the international department and prior to that she spent seven ...
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PropertyEU Archive
Bouwfonds REIM to roll out 2nd European parking fund
Bouwfonds Real Estate Investment Management plans to launch a second European parking fund for institutional investors in the first quarter of 2011. Bouwfonds European Real Estate Parking Fund II will invest in a diversified pan-European portfolio of prime car parks. The target size of the fund will be EUR 500 ...
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PropertyEU Archive
Resurgence in cross-border investment to continue in 2011: JLL
The growth in cross-border investment seen in 2010 is expected to continue in 2011 as investors move up the risk curve, according to new research from Jones Lang LaSalle's global capital markets experts. Global cross-border investment increased by 60% year-on-year and accounted for 40% or $130 bn (EUR 94 bn) ...
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PropertyEU Archive
Sveafastigheter closes third fund with EUR 317m
Nordic real estate private equity firm Sveafastigheter has held the third and final close in its latest fund, Sveafastigheter Fund III. Including previous commitments, the fund has now received capital commitments totalling EUR 317 mln.
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PropertyEU Archive
HSBC REIM bags Paris building for EUR 34m
The Elys茅e Pierre SCPI investment vehicle, managed by HSBC Real Estate Investment Management, has acquired the 5th Avenue office scheme located in Courbevoie, in the northwestern suburbs of Paris for nearly EUR 34 mln. The vendor is French listed group Gecina.
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PropertyEU Archive
Helical Bar jv clinches EUR 64m deal in London
A joint venture between a subsidiary of Helical Bar and affiliates of The Baupost Group has exchanged binding contracts to acquire the freehold interest in land and buildings at Bartholomew Close, Little Britain and Montague Street, for a cash consideration of 拢55 mln (EUR 64 mln). The vendors were St ...
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PropertyEU Archive
Crown Estate acquires Portsmouth retail park for EUR 72m
UK property company Capital & Regional announced that the Junction Fund has exchanged contracts for the sale of Ocean Retail Park Portsmouth to The Crown Estate for 拢60.8 mln (EUR 72 mln). The sale price reflects a net initial yield of 5.8% and a premium to the end-December 2010 valuation.
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PropertyEU Archive
European hotels back in action: JLL Hotels
2010 proved to be a year of recovery in EMEA for both hotel operators and investors alike, with investment volumes across the region totalling EUR 7.7 bn, compared to EUR 3 bn in 2009, according to the Hotel Investment Highlights report by Jones Lang LaSalle Hotels.
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PropertyEU Archive
DIC plans more funds after fully placing maiden fund
Frankfurt-based real estate investor DIC Asset said it is planning further fund launches after fully placing its first EUR 120 mln special fund, DIC Office Balance I. Commitments in excess of this amount have already been attracted for the fund鈥檚 further development, DIC said, and the aim is to increase ...
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PropertyEU Archive
Westimmo finances 'Avatar' in Krakow
Westdeutsche ImmobilienBank (WestImmo) has provided Spanish private equity group Azora International with EUR 21.6 mln in investment financing for the A-Class office building Avatar in Krakow, Poland. The transaction was arranged, underwritten and completed in December 2010.
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PropertyEU Archive
Westfield founder Frank Lowy takes backseat role
Frank Lowy, founder and executive chairman of Australian shopping centre developer and owner Westfield Group, is to assume the role of non-executive chairman from 25 May, handing over the baton to his two sons Peter and Steven who will become joint CEOs.
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PropertyEU Archive
Nexity mulls partnership with Colliers-UFG
Nexity has announced that it is in talks with services company Colliers-UFG on a potential partnership in the French real estate sector. Colliers-UFG manages over 4 million m[sup]2[/sup] in France, rmaking it the eighth-largest player in real estate services sector for corporates and investors.
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PropertyEU Archive
KGAL starts placing French real estate fund
German closed-end fund manager KGAL said it has started marketing PropertyClass Frankreich 1, its first French real estate investment vehicle. The fund made its first acquisition in October 2010 with the purchase of an office building in Fontenay-sous-Bois, 脦le-de-France, about 5 km east of Paris. The High Quality Environmental (HQE) ...
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PropertyEU Archive
Fragile recovery in European residential market: RICS
Recovery is under way in the majority of European housing markets, but uncertainty remains in the region, with considerable performance variations, according to the latest RICS European Housing Review launched in Brussels.
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PropertyEU Archive
Grosvenor extends London office fund
Grosvenor Fund Management (GFM) has extended the life of the Grosvenor London Office Fund (GLOF) by five years to 2017, following a vote by investors.
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PropertyEU Archive
Doughty Hanson snaps up Spanish malls for EUR 120m
Doughty Hanson & Co Real Estate has acquired two shopping centres in Spain from Sonae Sierra for EUR 120 mln. The private equity real estate investor bought Plaza Eboli, a neighbourhood mall located in Pinto, one of the main towns in the southern Madrid metropolitan area, and El Rosal, a ...
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PropertyEU Archive
FdM, Predica in EUR 173m Campanile hotel deal
Fonci猫re des Murs (FdM) and Predica have stepped up their partnership in the hotel sector with a major property acquisition in France. The pair have signed a memorandum of understanding with Louvre H么tels to acquire a portfolio of 33 Campanile hotels for EUR 173 mln.
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PropertyEU Archive
Warburg-Henderson raises EUR 200 mln for pan-European fund
Henderson Global Investors鈥� joint venture partnership in Germany - Warburg-Henderson - has won the mandate of four local pension funds for a pan-European special fund - KOOP Fund. Two of the investors are new clients for the fund manager, while the other two are existing investors.
