All PropertyEU Archive articles 鈥� Page 1867
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PropertyEU Archive
ING REIM buys office property in Helsinki
ING Real Estate Investment Management (ING REIM) has announced the acquisition of Brondankulma, a prime office property in the heart of the Helsinki CBD area in Finland from Netherlands-registered Bronda Properties. Financial details were not disclosed.
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PropertyEU Archive
European investor sentiment remains fragile: King Sturge
The latest European rents and yields survey from King Sturge confirms that rents are stabilising as occupier markets show signs of recovery. However, the improvement in investment markets witnessed in the second half of last year has moderated recently, as Europe rides out tough economic conditions. While occupier markets are ...
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PropertyEU Archive
PHP buys 33 UK healthcare facilities for 拢101m
Primary Health Properties (PHP), a leading UK provider of primary healthcare facilities, has acquired 33 high-quality fully-let assets for more than 拢100 mln (EUR 122 mln) in a bid to reach a dominant position in its niche segment.
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PropertyEU Archive
UK property values rise 18% year-on-year: CBRE
The recovery in UK commercial property values since the middle of 2009 has been relatively rapid and impressive at the All Property level, confounding predictions of a prolonged and ongoing downward drift in values, according to a new research report from CB Richard Ellis. However, the continuing gap between prime ...
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PropertyEU Archive
Columbus, British Airways pension fund in 拢25m London deal
Columbus UK Real Estate Fund, advised by Columbus Capital Management, has formed a new 50/50 joint venture with the British Airways pension fund to acquire Austin Friars House, London, EC2 for 拢25 mln (EUR 30 mln), reflecting a yield of 7%.
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PropertyEU Archive
Mitchells&Butlers to sell a portfolio of 333 pubs for 拢373m
UK pub operator Mitchells & Butlers announced plans on Friday to sell a portfolio consisting of 333 non-strategic pubs for a cash consideration of 拢373 mln (EUR 456 mln) to Stonegate Pub Company, a company controlled by London-based private equity firm TDR Capital.
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PropertyEU Archive
Dev Secs sells 70% of Manchester Arena to Patron Capital
UK property development and investment company Development Securities has announced the sale of a 70% interest in the recently-acquired Manchester Arena concert venue to Europe-focused private equity real estate firm Patron Capital Partners. The financial details were not disclosed.
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PropertyEU Archive
Allianz RE acquires 80 retail assets from Aldi S眉d
German investor Allianz Real Estate announced the acquisition on Friday of around 80 retail assets branded Aldi S眉d from the discount retail chain Aldi Grundst眉cksgesellschaft. The companies agreed not to disclose the purchase price.
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PropertyEU Archive
Pramerica assumes investment adviser role for UBS
London-based Pramerica Real Estate Investors announced on Friday that it has received the investment adviser mandate for the UBS Secure Income Property Fund, a role currently performed by UBS Global Asset Management. Pramerica, the European arm of US investment group Prudential Financial, will become the investment adviser to the fund, ...
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PropertyEU Archive
Liebrecht&Wood divests Polish retail outlet chain to AIB
Belgian real estate developer Liebrecht & Wood said on Friday that it has completed the sale of Poland's Fashion House outlet centre chain to the Polonia Property Fund II, managed by AIB PPM, a subsidiary of AIB Capital Markets. The transaction, which was first announced in September 2007, involved three ...
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PropertyEU Archive
JLL, Colliers appoint new directors at Russian office
Jones Lang LaSalle said on Friday that it has appointed Evgeny Nadorshin to the position of associate director and head of research in its Moscow office.
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PropertyEU Archive
Eurohypo sees losses narrow in H1
German real estate lender Eurohypo saw its pre-tax loss narrow to EUR 215 mln in the first half of 2010, largely reflecting revenue growth and reduced costs. The figure compares to a pre-tax loss of EUR 515 mln for the same period in 2009.
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PropertyEU Archive
Goodman's net loss narrows to EUR 393m in 2010
Australian industrial REIT Goodman Group reported net losses narrowed to A$562 mln (EUR 393 mln) in the year ended June 30, compared with a A$1.12 bn loss a year earlier, largely as a result of reduced property writedowns in its portfolio.
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PropertyEU Archive
Hammerson offloads O'Parinor stake for EUR 217m
UK REIT Hammerson has exchanged contracts to sell 51% of its interest in the O'Parinor shopping centre, Aulnay-sous-Bois, near Paris, to the National Pension Service of Korea (NPS), advised by Rockspring Property Investment Managers. The transaction amounts to EUR 217 mln, after costs of EUR 5 mln. NPS and Hammerson ...
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PropertyEU Archive
Partners Group provides 拢40m financing for London asset
Swiss listed property investment manager Partners Group said on Thursday that it has provided a senior B debt facility for the refinancing of 5 Canada Square in London's Canary Wharf on behalf of its clients.
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PropertyEU Archive
Brookfield appoints Corpus Sireo to manage German portfolio
US Brookfield Asset Management's European arm has appointed German real estate asset manager Corpus Sireo as the new property and asset manager of its German portfolio.
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PropertyEU Archive
Perella Weinberg to buy controlling stake in Germany's MFI
US private equity firm Perella Weinberg Partners is to acquire a majority stake in Essen-based Management f眉r immobilien (MFI), a leading developer and operator of shopping centres in Germany.
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PropertyEU Archive
EMEA region gains momentum in global office rental market: CBRE
Almost half of the office markets in the Europe, Middle East and Africa (EMEA) are now experiencing rental growth or stability, according to the latest 'Global Office Rental Cycle' research report by CB Richard Ellis. Following the Q2 bounceback, the EMEA region now closely trails the Asia Pacific region, which ...
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PropertyEU Archive
Panattoni starts development of new Polish facility
Warsaw-based Panattoni Europe said this week that it has commenced construction on an additional 11,400 m[sup]2[/sup] of warehouse space for Neuca, the Polish pharmaceuticals group. The new warehouse is a build-to-suit facility being developed by the company at its Park Poznan I in Gadki. The facility will offer 10,000 m[sup]2[/sup] ...
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PropertyEU Archive
RBS sells EUR 1.4 bn loan portfolio
Intermediate Capital Group, a private equity group specialising in mezzanine finance and buyout debt, has agreed to acquire a portfolio of European senior loans worth some EUR 1.4 bn from the Royal Bank of Scotland (RBS).
