All PropertyEU Archive articles 鈥� Page 1861
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PropertyEU Archive
Allianz to sell EUR 1bn of German property
German insurer Allianz is putting EUR 1bn of German properties up for sale as part of a 'portfolio optimization programme', Allianz spokesman Roland Deger told PropertyEU. The insurer also plans to increase the size of its global real estate portfolio by as much as EUR 13 bn over the next ...
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PropertyEU Archive
Union Investment cashes in F眉rstenhof for EUR 126m
Union Investment has sold the F眉rstenhof office building in Frankfurt's financial district for EUR 126 mln. The buyer is DFH Deutsche Fonds.
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PropertyEU Archive
Jer Partners sells 25% stake in Immobel
Eastbridge Group's fully-owned unit Cresida Investment S脿rl has acquired a 25% stake in the Belgian listed real estate company Immobel from Jer Partners' Jer Europe Fund III.
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PropertyEU Archive
Cofinimmo places EUR 50m bond issue
Brussels-listed real estate company Cofinimmo has announced the private placement of a EUR 50 mln non-convertible bond.
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PropertyEU Archive
Commerz Real acquires New Babylon office property
German fund manager Commerz Real has acquired the first 12,000-m[sup]2[/sup] office building at the New Babylon development project in The Hague. The vendor is Babylon Den Haag, a joint venture between SNS Property Finance and Dutch property firm Fortress. The financial details of the transaction were not disclosed.
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PropertyEU Archive
SEB AM outlines top picks for Asia
Choy-Soon Chua, managing director of SEB Asset Management, is on the hunt for investment opportunities in Asia. In an interview with PropertyEU, he talks about his top picks and why India isn't on his list.
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PropertyEU Archive
Valad appoints new senior fund manager
Valad Europe, the pan-European real estate investment manager, has announced the appointment of Arthur Tielens as new senior fund manager.
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PropertyEU Archive
UK property returns steady in August: CBRE
CB Richard Ellis' latest UK Monthly Index shows that the All Property total return slowed only marginally in August, to 0.8% from 0.9% in the previous month. Capital growth increased by 0.3% for the month due to a small amount of yield compression, as rental values remained unchanged from July. ...
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PropertyEU Archive
Chris Taylor named CEO of Hermes REIM
Fund manager Hermes has appointed Chris Taylor as CEO of Hermes Real Estate Investment Management. Taylor comes from Australia-based global fund manager QIC, where he has been head of European property for the last four years.
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PropertyEU Archive
Investors use firepower to demand change: INREV
Non-listed real estate investment weathered the recent financial crisis no worse than the other real estate investments, according to a new report from INREV. What has changed is that many larger investors are now increasingly using their financial firepower to influence the shape of the fund management industry to better ...
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PropertyEU Archive
Resolution acquires 50% of Bremen mall in EUR 130m jv
European opportunity fund manager Resolution Property has acquired a 50% stake in the Waterfront shopping centre in the German city of Bremen as part of a EUR 130 mln joint venture with LNC Property Group. The 70,000-m[sup]2[/sup] Waterfront development is a covered shopping and leisure centre within Bremen's harbour ...
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PropertyEU Archive
Morgan Stanley to reopen troubled P2 fund
Morgan Stanley will reopen its P2 Value real estate fund on 1 November, putting an end to a ban on redemptions that has been in place since the banking crisis erupted in the autumn of 2008.
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PropertyEU Archive
Skanska acquires housing project in Stockholm for EUR 20m
Swedish construction and development giant Skanska has acquired a housing project in Stockholm. The vendor of the P氓sen 10 property in Hammarby sj枚stad, Stockholm is Swedish listed property firm Fabege.
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PropertyEU Archive
Prupim lifts stake in Romford retail scheme to 50%
UK asset manager Prupim has completed the acquisition of a further 25% stake in the Brewery retail scheme in Romford from Henderson Global Investors.
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PropertyEU Archive
Vinci completes UK parking acquisition
France's Vinci Park has completed the acquisition of a 100% stake in the British Meteor Parking company from the Go-Ahead Group for an undisclosed amount. With this purchase, Vinci becomes the UK's fourth-largest parking operator, with a portfolio of 130,000 managed parking spaces and revenue of around 拢50 mln (EUR ...
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PropertyEU Archive
Vermeeren appointed director of Wereldhave Netherlands
Amsterdam-listed Wereldhave has announced that Hans Vermeeren is joining the firm as director of its operations in the Netherlands. Vermeeren worked from 2000 to 2010 for Unibail-Rodamco, the last three years as the director of Unibail-Rodamco Netherlands.
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PropertyEU Archive
Valad appoints John Vincent as portfolio manager in UK
Valad Europe, the pan-European real estate investment manager, has appointed John Vincent as portfolio manager, based in its London office. He takes responsibility on behalf of five of Valad's six UK Funds for a regional portfolio of commercial assets valued at over 拢150 mln (EUR 180 mln) and totalling 158,000 ...
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PropertyEU Archive
Vicus Capital launches new Baltic Property Fund
Vicus Capital Advisors has said that it is launching a new real estate fund which will invest in retail properties and property development in the Baltic countries. The VCA Baltic Retail Fund will have spending power of around EUR 60 mln.
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PropertyEU Archive
Irish firm to drop Blackrock name
Blackrock International Land, the Irish quoted property investment and development company, has announced that it proposes to change its name to 'Balmoral International Land Public Limited Company'.
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PropertyEU Archive
SEB ImmoInvest sells office building in Shanghai
Fund manager SEB Asset Management has sold the Cross Tower in Shanghai to a fund managed by Ascendas, a Singapore-based real estate company. The buyer is a real estate company listed on the Hong Kong Stock Exchange. The parties agreed not to disclose the selling price.
