All PropertyEU Archive articles 鈥� Page 1896
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PropertyEU Archive
L&G and Mitsubishi launch Piano's first UK scheme
Legal & General Property and Mitsubishi Estate Company have launched Central Saint Giles, the first completed development in the UK by internationally-acclaimed architect Renzo Piano. The landmark mixed-use sustainable development consists of 37,000 m[sup]2[/sup] of office space, 56 private apartments, 53 affordable homes and nine new restaurants and caf茅 bars ...
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PropertyEU Archive
Timothy Horrocks named head of Germany for HGI
Henderson Global Investors has appointed Timothy Horrocks as head of its property business in Germany with immediate effect. He is responsible for the distribution of Henderson's property funds and its investment activities in Germany, Austria, Benelux and Scandinavia.
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PropertyEU Archive
Global markets at recovery inflection point: ING REIM
The recovery in global real estate markets is playing out rapidly in 2010, faster than forecast at the end of last year, and has now reached a crucial inflection point in terms of sustaining momentum, ING Real Estate Investment Management (ING REIM) has said in its latest Global Vision Update ...
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PropertyEU Archive
Skanska to launch green office project in Prague
Skanska Property Czech Republic is undertaking a new green office project in Prague to be named City Green Court. The seven-storey, 15,000-m[sup]2[/sup] office will be located in the Pankrac business district in Prague 4, which is accessible by car as well as a range of public transport. Project commencement is ...
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PropertyEU Archive
DTZ IM buys Cobalt portfolio for EUR 109m
DTZ Investment Management (DTZ IM) has purchased a 拢93.5 mln (EUR 109 mln) portfolio from Wellcome Trust, comprising nine prime retail, industrial and office properties for a net yield of 6.1%.
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PropertyEU Archive
OFI REIM and F&C REIT launch 2nd French fund
OFI REIM and F&C REIT have announced an initial closing of almost EUR 100 mln of FOSCA II, their second closed-ended investment vehicle focused on the French commercial property sector. The fund is the successor of FOSCA which raised in excess of EUR 200 mln in 2005-2006.
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PropertyEU Archive
Koreans acquire Sony Center in Berlin
The South Korean national pension service (NPS) has carried out its first acquisition on Continental Europe with the purchase of the Sony Center complex located at Potsdamer Platz in Berlin.
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PropertyEU Archive
SEB AM slams proposed GOEF changes
Frankfurt-based SEB Asset Management has strongly criticised proposed amendments to the open-ended real estate fund system put forward by the German Ministry of Finance.
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PropertyEU Archive
Vietnamese hotel investor buys in Frankfurt
A Vietnamese hotel investor has acquired a vacant building located at Schumannstrasse 2 in Frankfurt am Main with a total area of 1,400 m[sup]2[/sup] for his first European project. The development is close to the Frankfurt exhibition centre and will be developed by Franken Architekten. NAI apollo acted as consultant.
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PropertyEU Archive
Invesco sells two UK properties for BVK
Invesco Real Estate, the global cross-border property investment manager, has sold two office properties in the UK totalling about 拢48 mln (EUR 56 mln) on behalf of its client, the iii-BVK Europa-Immobilien-Spezialfonds, to Aviva Investors and Orchard Street Investment Management.
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PropertyEU Archive
Matthias Thomas named new CEO at INREV
Matthias Thomas has been appointed as the new CEO of INREV, the European association for investors in non-listed real estate funds. He will take up the position in August 2010.
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PropertyEU Archive
ING REIM launches new core open-ended strategy
ING Real Estate Investment Management Europe (ING REIM Europe) has announced the introduction of the ING REIM European Property Strategy, an open-ended core strategy investing in ING REIM Europe鈥檚 non-listed fund range.
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PropertyEU Archive
Hammerson delists from Euronext Paris
Hammerson is dropping the listing of its shares from NYSE Euronext Paris. The application by the UK real estate investment trust (REIT) to delist has been approved by the board of Euronext Paris.
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PropertyEU Archive
ULI Masterclass explores Olympic legacy
The annual Urban Land Institute/PropertyEU Masterclass at the Provada property fair in Amsterdam next month will explore the role of hosting major international events like the Olympic Games in attracting public and private investment for urban development after the crisis.
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PropertyEU Archive
Bank of Albania buys Dajti hotel for EUR 30m
The Albanian government has sold the landmark Dajti Hotel in the capital Tirana to the country's central bank for around EUR 30 mln. The property was designed by an Italian architect during the occupation of Albania by Italy's fascist regime in the early 1940s.
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PropertyEU Archive
Activum SG buys MediaMarkt site from Orco
Activum SG, a European real estate investor and manager, has acquired a 5,500-m[sup]2[/sup] retail site leased to MediaMarkt in Cologne from troubled property group Orco.
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PropertyEU Archive
State Street appointed administrator for Norway's property drive
Norway's Central bank has appointed State Street to provide fund administration services for the real estate portion of the country's pension fund.
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PropertyEU Archive
GTC agrees sale of two prime offices in Warsaw
Globe Trade Centre (GTC) has signed a letter of intent with an international investor for the sale of its two flagship office buildings in Warsaw. The transaction price of EUR 88 mln reflects a yield of 7-7.2%.
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PropertyEU Archive
German proposals cast cloud over CEE investment: CBRE
Central Europe may be in for a tough ride if the German federal government's proposed changes to the country's investment law get the green light in June, according to Pavel Schanka, head of CEE Capital Markets at CBRE.
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PropertyEU Archive
Fashion House Development completes Moscow deal
Outlet centre specialist Fashion House Development (FHD) has expanded its activities in Russia with the acquisition of a site in Moscow and the completion of its second site in St Petersburg.
