All PropertyEU Archive articles 鈥� Page 1895
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PropertyEU Archive
RBS shifts Amsterdam HQ to new office
Royal Bank of Scotland (RBS) is to move its Amsterdam headquarters to a new location in the city's Zuidas business district, the banking group said on Friday.
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PropertyEU Archive
APF International buys office property in Zwolle
APF International has acquired a 9,970-m[sup]2[/sup] office building in the Dutch city of Zwolle on behalf of Fotex Netherlands, the Dutch subsidiary of Hungarian-listed holding company Fotex. The 'La Grande Vitesse' property, which includes 126 parking places, was sold by ING Dutch Office Fund. The financial details were not ...
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PropertyEU Archive
Riabokobylko to chair ULI Russia
Sergey Riabokobylko FRICS, senior executive director and partner of Cushman & Wakefield, is the new chairman of the Urban Land Institute (ULI) Russia. In this voluntary role, Riabokobylko is replacing Arnaud Dubois, managing director and partner- IMAGIM who served as district council chairman for two years.
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PropertyEU Archive
Food giant gets a taste for Poland
The Warsaw office of international property consultant King Sturge advised in a transaction in which Associated British Foods (AB Foods) has taken over 26,000 m[sup]2[/sup] of production and warehouse space near Poznan in west-central Poland.
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PropertyEU Archive
Plaza completes 30th mall in CEE
Plaza Centers, an emerging markets property developer, has completed and opened Suwalki Plaza in Poland - its 30th shopping centre in Central and Eastern Europe and its ninth in Poland. Suwalki Plaza is located in Suwalki鈥檚 city centre in the north-east of Poland.
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PropertyEU Archive
Cala takes EUR 35m loss on Brandon shopping centre
The Columbus UK Real Estate Fund, advised by Schroders' Columbus Capital Management, and the Chester Properties Investment Partnership have joined forces to acquire the Brandon shopping centre in Motherwell, UK. Although the price of the acquisition was not disclosed, market sources say that Cala Properties sold the scheme at a ...
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PropertyEU Archive
Immofinanz reaches agreement on EUR 512m debt restructuring
Austria's Immofinanz, the group resulting from the merger of Immofinanz and Immoeast, has reached an agreement with Constantia Packaging on the restructuring of a EUR 512 mln bond. The agreement puts an end to a longstanding dispute on a EUR 520 mln missing payment provided by Immoeast to Immofinanz Beteiligungs ...
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PropertyEU Archive
Andrew Smith succeeds Backlund as Aberdeen's head of property
Aberdeen Asset Management has announced the appointment of Andrew Smith as the group's new head of property. Smith succeeds Richard Backlund who has decided to step down from full-time executive responsibility by his 60th birthday in September.
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PropertyEU Archive
Commerz Real acquires logistics project in Hannover
Commerz Real announced on Thursday that it has signed the deed for the Hermes Hub Nord logistics project development in Hanover. Following its prospective completion in Q4 2010, the property will be transferred to the hausInvest europa open-ended real estate fund. The total investment volume for comes to EUR 24 ...
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PropertyEU Archive
AXA adds Immosolutions to list of frozen GOEFS
AXA Investment Managers Deutschland has added its EUR 400 mln Immosolutions vehicle to the growing list of German open-ended property funds (GOEFS) that are frozen for redemptions. The three-month suspension of equity withdrawals follows outflows in the wake of the German draft discussion document. The ban will remain in place ...
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PropertyEU Archive
European recovery will be 'anaemic', IPD delegates told
Recovery of the European property market will take longer and be paler than most people would have wished, Joe Valente, Head of Investment Strategy at Allianz Real Estate, told delegates on the second day of the annual IPD conference in Amsterdam on Thursday. 'We had a very virulent downturn. The ...
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PropertyEU Archive
Niels Cederholm appointed MD at CBRE Denmark
CB Richard Ellis (CBRE) announced on Wednesday that Niels Cederholm has been appointed managing director of the property advisor's Danish business from I July. Cederholm has been an executive director with CBRE since 2008 following the acquisition of its Danish affiliate, Cederholm.
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PropertyEU Archive
New Italian asset manager launched to fill industry gap
Three former Cordea Savills directors have launched Endeavour Asset Management, Italy's first international real estate asset manager. The founders of the Rome-based company are Dominic White, Emmanuel Bordignon and Andrea Migliore. With over a dozen staff in the Italian capital and a satellite office in London, Endeavour has seen its ...
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PropertyEU Archive
Multi's Espacio Coru帽a first Spanish mall to get BREEAM cert
Espacio Coru帽a, developed by Multi Development Spain, has been awarded the definitive BREEAM certificate, with a 'Very Good' ranking. Multi said Espacio Coru帽a is the first completed shopping centre in Spain to receive this prestigious certification which is also the International Council of Shopping Centers' standard to evaluate the impact ...
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PropertyEU Archive
DTZ advises on EUR 29m deal in Gothenburg
Global property broker DTZ has advised on a EUR 29 mln property transaction in central Gothenburg where Wallenstam sold a residential property to a condominium association. The property comprises approximately 12,350 m[sup]2[/sup] and is located at F枚reningsgatan 16 and Victoriagatan 19-23.
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PropertyEU Archive
Accor to sell 450 hotels in move towards franchise model
Accor plans to sell 450 hotels as part of the French group's strategy to remake itself as a major franchiser and operator of hotels, rather than a hotel owner, CEO Gilles P茅lisson announced, The hotel sales will take place over the next four years.
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PropertyEU Archive
Deka buys office complex in The Hague for EUR 49m
Deka Immobilien has acquired the NWO office complex in the centre of The Hague for about EUR 49 mln for its open-ended property fund, WestInvest InterSelect. The property comprises two buildings with a total lettable space of around 18,700 m[sup]2[/sup] and 233 parking spaces. The seller is ASR Property Fund, ...
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PropertyEU Archive
VTB Capital acquires Capital Plaza centre in Moscow
VTB Capital's private equity and special situations team has acquired the Capital Plaza business centre in Moscow. The 14-floor building has a total floor space of approximately 50,000 m[sup]2[/sup].
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PropertyEU Archive
Scribona acquires Catella group
Scribona, listed on the Nordic exchange First North, is acquiring Catella AB, the European finance group that specialises in financial advisory services and asset management. The total cash amount, including redemption of Catella's debts, amounts to SEK 417 mln (EUR 43 mln). Goodwill from the acquisition amounts to approximately SEK ...
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PropertyEU Archive
Skandia property fund buys properties in UK
The Skandia Property Fund has said it is continuing to take advantage of the current value in the commercial property sector with the purchase of two properties for a total of 拢43 mln (EUR 50.8 mln).
