All PropertyEU Archive articles 鈥� Page 1887
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PropertyEU Archive
Cofinimmo divests three properties for EUR 37m
Brussels-listed Cofinimmo has announced the disposal of three properties for a total of EUR 36.8 mln. This amount represents a realised gain of 1% compared to the total investment value of the assets. Cofinimmo said the sales were in line with its stated asset arbitrage policy. The proceeds will ...
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PropertyEU Archive
Plaza's US jv take 48% stake in Macquarie DDR Trust
Emerging markets property developer Plaza Centers has announced that its joint subsidiary, EPN, has completed its first investment in the US, with its $116 mln investment in Macquarie DDR Trust (MDT).
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PropertyEU Archive
Real I.S. invests EUR 90m in Regensburg office project
Real I.S. has invested around EUR 90 mln on the purchase of an office project in Regensburg, Germany through its new German-focused investment fund. The investment volume includes EUR 47 mln of Real I.S.' own capital.
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PropertyEU Archive
Development Secs completes acquisition of Manchester arena
London-listed Development Securities has completed the acquisition of the Manchester Evening News Arena (MENA) for 拢62.2 mln (EUR 75 mln), reflecting a net initial yield of 7.15%.
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PropertyEU Archive
XXI Century suspends trading on AIM
Trading in the shares of XXI Century Investments on London's junior AIM market have been suspended at the request of the Ukrainian real estate firm as efforts to shore up its balance sheet continue. XXI Century said trading on the stock exchange will resume once it is in a position ...
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PropertyEU Archive
John Clare appointed chairman of Capital & Regional
Capital & Regional, the UK co-investing property asset manager, has announced the appointment of John Clare as chairman with effect from 29 June 2010.
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PropertyEU Archive
DTZ appoints director for Corporate Real Estate Consulting
Real estate adviser DTZ has appointed John Keyes as director in the firm's Corporate Real Estate Consulting business. Keyes will be based in DTZ's Manchester office providing strategic real estate advice to clients across the UK. Keyes joins DTZ from GVA Grimley where he was a director in the Occupier ...
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PropertyEU Archive
AXA eyes ING REIM in expansion drive
The real estate arm of insurance giant AXA is considering making a bid for ING Real Estate Investment Management (ING REIM). Speaking at the Reuters Global Real Estate and Infrastructure Summit in London this week, AXA chief investment officer Dennis Lopez said a bid for ING REIM was being mulled ...
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PropertyEU Archive
Newsec to expand in the Baltic region
Newsec, the northern Europe full-service property advisor, is expanding in the Nordics through the takeover of broker Re&Solution. On Wednesday Newsec announced it had acquired an additional 16% of the shares in the leading property consultant in the Baltic region. Newsec now owns 51% of Re&Solution. The operation will be ...
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PropertyEU Archive
East Capital returns Russian fund equity to investors
Swedish independent asset manager East Capital has decided to terminate its Russian property fund and return the equity to investors. The East Capital Russian Property fund was launched in 2008 but has not made any investments.
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PropertyEU Archive
Castello's Giotto fund shops in Sardinia
An opportunity fund managed by Italy's Castello Sgr has invested nearly EUR 40 mln in the acquisition of several plots of land in Chia, Sardinia. The sites have been sold by Baia Chia Hotels to the Giotto opportunity real estate fund.
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PropertyEU Archive
Pik Group names new chairman
London-listed Pik Group, one of Russia's leading residential real estate developers, has announced the appointment of Pavel Grachev as chairman of the board of directors.
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PropertyEU Archive
Foreign investors slam tighter rules for Italian funds
Foreign investors have slammed a recent proposal by the Italian government to scrap longstanding tax benefits for foreign institutions investing in Italian property funds. The changes, which were put forward last week, may be enforced by the year-end as part of Italy's 2010 Budget Law.
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PropertyEU Archive
EIRE 2010 attracted 14,000 professionals
The Expo Italia Real Estate (EIRE) trade fair held earlier this month in Milan attracted more than 14,000 real estate professionals from 50 countries, 473 companies and institutions, plus 300 registered journalists, the organiser Ge.Fi. has said.
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PropertyEU Archive
Eco sells Opernringhof for EUR 101m
Vienna-listed Eco Business-Immobilien has announced it is selling the Opernringhof office complex in the Austrian capital for EUR 101 mln. The asset will be sold to an Austrian private investor for a price significantly above the current value and nearly 19% over the total investment cost, Eco said.
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PropertyEU Archive
Conwert makes EUR 166m takeover bid for Austrian peer
Conwert Immobilien Invest SE, the Vienna-listed residential property firm, has unveiled a EUR 6.50 per share takeover bid for Austrian peer Eco Business-Immobilien. Conwert already holds just under 25% of the shares in Eco Business and manages the business.
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PropertyEU Archive
Berlin Hyp/Landesbank Berlin finance 3 properties
Berlin Hyp/Landesbank Berlin and DG HYP Deutsche Genossenschafts-Hypothekenbank have syndicated a EUR 107 mln investment facility for three properties acquired by French real estate investment trust Fonci猫re des R茅gions. Berlin Hyp acted as the lead arranger.
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PropertyEU Archive
Carlyle has EUR 750m war chest for European real estate
Global private equity firm Carlyle has a EUR 750 mln war chest for its Europe Real Estate Partners III fund, according to Guido Audagna, head of Carlyle Italy. The vehicle, which raised EUR 2.2 bn of equity in 2008, is eyeing two shopping centre acquisitions in the Italian market after ...
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PropertyEU Archive
Former Abu Dhabi executive joins Internos investment committee
Mark Burton, former chief investment officer for real estate at the Abu Dhabi Investment Authority, has joined the investment committee of Internos Real Investors, the EUR 1.5 bn owner-managed real estate fund management business.
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PropertyEU Archive
CBRE launches new measure of value trends in Europe
CB Richard Ellis (CBRE) has launched a new measure of value trends in the European property market. The global broker said the European Valuation Monitor (EVM) provides investors with a regular guide to changes in capital values, based on regular fund valuations in order to give a quick snapshot of ...
