All PropertyEU Archive articles 鈥� Page 1854
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PropertyEU Archive
Fredrik Sauter named new CEO of Banque Invik
Fredrik Sauter has been appointed CEO of Banque Invik. The Luxembourg-based bank is a wholly-owned subsidiary of Swedish firm Scribona which is changing its name to Catella.
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PropertyEU Archive
Beni Stabili Gestioni sells office building in Rome
Italian real estate fund management group Beni Stabili Gestioni said that it has divested a fully-let office building located at Via Sant'Evaristo in Rome for EUR 18 mln. The property was owned by the closed-end Immobilium 2001 fund, managed by Beni Stabili Gestioni.
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PropertyEU Archive
Sorgente launches takeover bid for Caravaggio fund
Italian property fund manager Sorgente said that it is making a takeover offer for the Milan-listed Caravaggio real estate fund through its Donatello-Comparto Iris investment vehicle. Donatello already holds a majority stake in Caravaggio and is offering EUR 2.9 per share, or a total of EUR 35 mln for the ...
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PropertyEU Archive
Sponda divests office building in Turku
Finnish real estate investment company Sponda said that it has sold an office building in the centre of Turku, Finland for some EUR 15 mln. The buyer is real estate adviser Heikki Vaiste. The property provides about 7,300 m[sup]2[/sup] of leasable retail and office space.
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PropertyEU Archive
Salans expands real estate business
International law firm Salans has consolidated its real estate in the emerging markets in Central and Eastern Europe by poaching of a high-profile team from rival Clifford Chance. Pawel Debowski - rated as a 'Band Star' by legal bible Chambers Europe - and core members of his Clifford Chance team ...
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PropertyEU Archive
Carlyle secures new letting in Edinburgh
The Carlyle Group has announced that thetrainline.com is to relocate its Edinburgh operations to the Tanfield office scheme on Inverleith Row.
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PropertyEU Archive
C&W recruits for new UK development and planning group
Cushman & Wakefield has appointed Philip Prince and Catherine Stephens to its new Development & Planning Group. Under the leadership of William Jackson, the Group brings together the firm's development consultancy, planning, residential and public sector teams.
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PropertyEU Archive
London, Paris experience inward yield shift: Savills
The UK has seen signs of prime yield stabilisation in the retail sector with further hardening forecast, according to international real estate adviser Savills. The firm reports that, between Q209 and Q210, prime London shopping centres and retail parks have seen an inward yield shift of 125 basis points. ...
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PropertyEU Archive
European funds deliver marked recovery over H1: IPD
European pooled property funds have made a marked recovery over the 12 months to June, delivering an 8.3% local currency total return, compared to -18.6% over the previous year to June 2009, according to the IPD European Pooled Property Fund Indices (ePPFI).
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PropertyEU Archive
Knight Frank profit climbs 168% to 拢58m
UK property services group Knight Frank has reported strong net profit of 拢58 mln (EUR 68 mln) in the year to end-March 2010, up 168% from just 拢22 mln a year before. Its turnover rose by 13% year-on-year to 拢288 mln, from 拢256 in the same period in 2009, largely ...
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PropertyEU Archive
Bouwfonds spends EUR 37m on residential properties
Bouwfonds European Residential Fund has extended its residential real estate portfolio with the acquisition of student apartments in Toulouse, a complex in Munich and a property in Mannheim. The investment in these acquisitions amounts to EUR 37 mln in total, equal to 14 times the actual rent.
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PropertyEU Archive
Cordea Savills buys building in Paris for EUR 48m
Real estate fund manager Cordea Savills has completed the purchase of a retail and office building in the central business district of Paris for EUR 48 mln on behalf of the European Commercial Fund. The net initial yield is 5.3%.
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PropertyEU Archive
Alfa opens first modern mall in Prievidza
Russia's Alfa Group has opened the first large modern shopping centre in the Slovak city of Prievidza. Named Korzo, the mall comprises 11,700 m[sup]2[/sup] of leaseable area.
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PropertyEU Archive
ING REIM wins 'Green Brick' Award
ING Real Estate Investment Management has been named in the Netherlands as the most sustainable real estate investment manager 2010.
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PropertyEU Archive
Le Teno to head sustainable development at AXA REIM
AXA Real Estate has announced the appointment of Jean-Francois Le Teno as global head of Sustainable Development. He will take over from Gilles Bouteloup who will retire at the beginning of October.
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PropertyEU Archive
Chinese bank giant moves to new Spanish HQ
Global property broker Savills has advised the world's largest bank, Industrial and Commercial Bank of China (ICBC), on the letting of its new headquarters in Spain. The bank has secured 1,100 m[sup]2[/sup] of office space on a five-year lease in Madrid's prime business district at 3 Paseo de Recoletos. ...
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PropertyEU Archive
Carlyle enters UK student housing market
The Carlyle Group announced on Monday the acquisition of a site for student accommodation in Highbury & Islington in London, and the formation of a joint venture agreement with Generation Estates Limited (GEL).
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PropertyEU Archive
Valad secures four tenants in Czech Republic
Valad Europe, the pan-European real estate investment manager, in partnership with Aviva Investors, has announced that its Czech team has renewed two 10-year leases at the Cestlice Industrial Park in the Czech Republic on behalf of the Central European Industrial Fund (CEIF).
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PropertyEU Archive
PropertyEU live at Expo Real
PropertyEU's editorial team will be on the ground at this year's Expo Real international trade fair in Munich next week, interviewing industry leaders and covering the conference programme.
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PropertyEU Archive
Songbird to raise EUR 165m in underwritten placement
London-listed Songbird Estates, the majority owner of Canary Wharf in London, intends to raise 拢140 mln (EUR 165 mln) in an open offer to repay a loan from shareholders.
