All PropertyEU Archive articles 鈥� Page 1838
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PropertyEU Archive
Moody's places Westfield rating under review
Moody's Investors Service has placed the A2/Negative ratings of Westfield Group on review for possible downgrade. The action was prompted by the Group's announcement that Westfield Group will undertake a restructure which will involve the transfer of approximately AU$12 bn of Australian and New Zealand assets into a new listed ...
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PropertyEU Archive
Redevco reopens two units in Shoppi Tivoli redevelopment
Redevco Switzerland has reopened two units at Shoppi Tivoli in Switrzerland. Switzerland's largest shopping centre is located in Spreitenbach (Aargau) and offers 78,000 m[sup]2[/sup] of retail area spread over more than 150 stores and has around 4,300 m[sup]2[/sup] of parking. Shoppi Tivoli SC is the largest shopping centre in Switzerland.
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PropertyEU Archive
CLS acquires Apex tower in Greater London for EUR 25m
London-listed property company CLS Holdings confirmed on Tuesday that it has completed the purchase of Apex Tower in New Malden, Greater London for 拢21.46 mln (EUR 24.7 mln) including costs. Apex Tower consists of 15 upper floors of 9,185-m[sup]2[/sup] of offices, four retail units and a bar at ground ...
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PropertyEU Archive
MIPIM calls for entries for 9th Architectural Awards
Architects from all over the world have been invited to enter their latest projects into the 9th annual MIPIM Architectural Review Future Project Awards programme, which celebrates innovative thinking and approaches to design for buildings either still on the architect's table or yet to be built.
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PropertyEU Archive
HB Reavis makes first project acquisition in Poland
CEE developer HB Reavis has acquired the Konstruktorska office development site in the Mokotow business district of Warsaw. The vendor is the local real estate unit of Spanish conglomerate Acciona. The property has a building permit for a 45,000-m[sup]2[/sup] office scheme.
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PropertyEU Archive
Resolute AM appoints senior risk specialist
Resolute Asset Management, the advisory and asset management firm, today announced the appointment of Lothar Weber as an independent member of its Risk Committee.
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PropertyEU Archive
ICSC: Baltic recovery well under way
Significant opportunities exist for retail investment in the Baltic States, according to speakers at the ICSC Baltic States Retail Real Estate Conference held in Riga, Latvia recently.
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PropertyEU Archive
European property recovery broadens: RICS
Occupier demand and investment activity are recovering now across Europe although the gap between emerging and developed economies widened in the third quarter of 2010, according to the latest RICS Global Commercial Property Survey published on Tuesday.
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PropertyEU Archive
New Russian-backed fund refinances London office building
Wainbridge Capital Limited (WCL) said on Tuesday that it has raised 拢50 mln (EUR 57 mln) of equity in the first closing of its debut real estate fund, Wainbridge Global Opportunities London (WGOL). The equity for the value-added was raised from a number of high net worth investors, the majority ...
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PropertyEU Archive
ING closes Canadian portfolio sale
ING Group announced on Tuesday that it has completed the sale of its 50% interest in a Canadian light industrial property portfolio. The stake in the ING Summit Industrial Fund (Summit) was acquired by a joint venture between KingSett Capital and its affiliates and clients of Alberta Investment Management Corporation ...
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PropertyEU Archive
L&W starts construction of Serbia's first outlet centre
Fashion House Development, part of the Belgian group Liebrecht & Wood, has started construction of Indjija Retail Park, Serbia's first retail outlet development. The company said that it will invest around EUR 30 mln in the construction of the scheme, which is located between Serbia's capital, Belgrade and its second ...
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PropertyEU Archive
Savills Sweden strengthens its investment team
Savills has recruited Linda Graff-Lonnevig as associate director at its Stockholm office. Graff-Lonnevig, previously project manager at Leimd枚rfer in Stockholm, has been recruited to further strengthen Savills investment team. Prior to Leimd枚rfer she worked within corporate finance as partner and co-founder of Arctos Mergers & Acquisitions.
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PropertyEU Archive
Unibail-Rodamco completes EUR 623m disposals in H1
Unibail-Rodamco, the largest listed real estate company in Europe, has confirmed that it is in negotiations on the sale of EUR 160 mln of assets on top of the EUR 623 mln of disposals contracted in the first half of 2010 and completed. The completed disposals included non-strategic retail assets ...
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PropertyEU Archive
LaSalle jv acquires Degi mall in Germany for EUR 157m
A joint venture of the Canada Pension Plan Investment Board (CPPIB) and LaSalle Investment Management has acquired a regional shopping centre in the city of H眉rth, Germany for EUR 157.3 mln. The centre, known as H眉rth Park, previously belonged to the open-ended property fund Degi Europe, which is managed by ...
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PropertyEU Archive
Global hotel investment up 60% y-o-y in Q3: JLL
The global hotel investment market experienced a strong first three quarters with transaction volumes reaching $12 bn (EUR 8.6 bn). This marks a 60% increase over the same period in 2009, according to Jones Lang La Salle Hotels. Europe, Middle East and North Africa (EMEA) was the most active region ...
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PropertyEU Archive
European property stocks return 3.6% in October: GPR
European listed property stocks, as represented by the GPR 250 Europe Index, returned 3.6% in October compared to 6.7% in September. Sweden -2.1% and Spain -6.3% (= Inmobiliaria Colonial) were the only two countries with negative returns.
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PropertyEU Archive
HIH shops in Belgium with EUR 31m office purchase
Hamburgische Immobilien Handlung (HIH) said this week that it has placed its first Belgian fund with an investment volume of over EUR 37 mln, of which EUR 21 mln is its own equity. The HIH Global Invest 03 - Belgien closed-end vehicle has purchased the Rue Royale 138 office building ...
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PropertyEU Archive
Corio invests EUR 42m in Rotterdam covered market
Amsterdam-listed retail property specialist Corio has announced it is investing EUR 42 mln in a covered market in Rotterdam. The market will accommodate about 100 stalls, each one about 20 m[sup]2[/sup] in size and selling almost entirely fresh products, together with 15 retail units and eight catering outlets. Developer Provast ...
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PropertyEU Archive
Hammerson completes sale of 51% of O'Parinor
UK REIT Hammerson plc has completed the disposal of a 51% interest in O'Parinor, Aulnay-sous-Bois, near Paris to the National Pension Service of Korea (NPS).
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PropertyEU Archive
Elystan acquires office building in Munich
Elystan Capital Advisers has announced the acquisition of a 6,000 m[sup]2[/sup] office building in Munich. The building, which is 78%-occupied and located in the submarket of Riem, was acquired from a private individual. Financial details of the transaction have not been disclosed.
