All PropertyEU Archive articles 鈥� Page 1865
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PropertyEU Archive
Beltane AM acquires City of London office property
Beltane Asset Management, has purchased St Paul's House, Warwick Lane from Grange Hotels, its second City of London acquisition in less than two months.
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PropertyEU Archive
Pfizer becomes largest tenant of Adgar Plaza
Adgar Postepu has signed a contract for the lease of office space with the Polish arm of leading pharmaceutical company Pfizer. The new tenant will occupy the largest office space among all the companies that have decided to locate their offices in Adgar Plaza, part of the Adgar complex situated ...
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PropertyEU Archive
Foruminvest sells majority interest in Belgian projects
European investor-developer Foruminvest Group has sold the majority interests in three Belgium shopping centre developments to City Malls, a new venture established by Patric Huon, the CEO of Foruminvest Belgium, and Brussels-listed real estate company Banimmo.
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PropertyEU Archive
Buck Consultants hires Ernst & Young partner
Buck Consultants International has recruited Jan Siemons as managing partner. In his new position, the former Ernst & Young partner will be responsible for servicing the growing demand for location advice by international companies as well as the advisory services to economic development groups and inward investment agencies in Europe.
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PropertyEU Archive
Chinese to replace Russians as major investors in prime London resi
Chinese buyers are expected to replace Russian investors as major players in the prime central London market as the number of super-wealthy individuals continues to grow rapidly in the country, new research from CB Richard Ellis has revealed. Buyers with foreign currency are still enjoying attractive discounts on prime central ...
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PropertyEU Archive
OVG delivers Haagsche Zwaan to Union Investment
Rotterdam-based developer OVG has delivered the Haagsche Zwaan office development in The Hague to its owner Union Investment.
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PropertyEU Archive
PREI names DeVos as Global sustainability officer
Pramerica Real Estate Investors has named David DeVos as its new Global Sustainability Officer, responsible for overseeing the company鈥檚 evolving strategy to reduce its worldwide environmental footprint.
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PropertyEU Archive
Westimmo and DG Hyp grab market share
German lenders Westimmo and DG Hyp booked an increase in their new commercial real estate business in 2009, according to PropertyEU鈥檚 annual survey of the top financiers in Europe. Westimmo showed the strongest growth, with new loan production rising 13% to EUR 6.2 bn from EUR 5.5 bn in 2008. ...
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PropertyEU Archive
Corio swings back into the black in H1
Listed retail property specialist Corio swung back into the black in the first half of the year with a net profit of EUR 158 mln following a loss of EUR 196.4 mln in the year-earlier period. The turnaround was attributed to an increase in the value of the portfolio and ...
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PropertyEU Archive
Hansteen to acquire portfolio for EUR 16.5m
Hansteen Holdings, the London-listed investor in UK and Continental European real estate, has exchanged contracts to acquire a multi-sector portfolio of 12 freehold and leasehold assets in Scotland for a total cost of 拢13.5 mln (EUR 16.5 mln).
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PropertyEU Archive
NCC sells housing project in Berlin for EUR 19m
Finnish construction and development group NCC has announced that its German unit has sold a proprietary housing project in northern Berlin for SEK 176 mln (almost EUR 19 mln).
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PropertyEU Archive
RREEF funds meet acquisition target for 2010
RREEF's Spezial Invest funds have reached their 2010 target of acquiring EUR 500 mln-worth of properties for its institutional investors and the fund manager plans to spend a further EUR 300 mln before the end of the year.
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PropertyEU Archive
HGI extends EUR 685m Central London Office Fund
Henderson Global Investors has extended its 拢560 mln (EUR 685 mln) Central London Office Fund I until December 2015. Nearly all of the fund's 84 investors voted in favour of extending the fund from 2011 in order to take advantage of the strong London office market. Clive Castle, fund manager ...
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PropertyEU Archive
Real I.S. buys Amsterdam office building for new Bayernfonds
German fund manager Real I.S. has bought the office building known as 'The Book' in Amsterdam for an undisclosed sum. The property is located in the Sloterdijk/Teleport business district and has been fully let to the Dutch government until 2025.
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PropertyEU Archive
Bouwfonds Parking Fund buys third Dutch asset
Bouwfonds European Real Estate Parking Fund has acquired its third car park in the Netherlands in a sale-and-leaseback transaction with Q-Park. The investment volume was about EUR 20 mln.
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PropertyEU Archive
Valad focuses on growing European business
Sydney-listed Valad Property Group said that it is focusing on growing its European business after the group posted a full-year loss of A$165 mln (EUR 115 mln) in the year to end-June.
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PropertyEU Archive
Grainger and Moorfield unveil JV
UK listed residential property firm Grainger announced on Monday that Grainger Equity Release Limited (GERL) has entered into a 50-50 joint venture with a subsidiary of Moorfield Real Estate Fund II to run residential property company Sovereign Reversions.
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PropertyEU Archive
Deka spends EUR 145m on D640 in Barcelona
Deka Immobilien, advised by Cushman & Wakefield, has acquired a class-A office building, known as D640, in Barcelona for EUR 145 mln. The transaction is the largest single-asset deal in the Spanish market so far in 2010, according to C&W.
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PropertyEU Archive
SNS Property Finance books EUR 189m loss on impairments
SNS Property Finance saw its net losses soar more than 50% to EUR 189 mln in the first half of 2010 following impairments linked to the winding down of its international real estate financing activities.
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PropertyEU Archive
Evans Randall buys London scheme for EUR 296m
Evans Randall has acquired the newly completed Drapers Gardens development in the City of London for 拢242.5 mln (EUR 296 mln). The vendor is a joint venture including Canary Wharf Group and a subsidiary of the Morgan Stanley Real Estate Funds.
