All PropertyEU Archive articles 鈥� Page 1898
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PropertyEU Archive
Mirland sells Techagrocom-2 project in Moscow
Mirland Development Corporation has entered into an agreement for the sale of Techagrocom-2 business park development in Moscow. The London-listed developer of residential and commercial property in Russia holds a 50% interest in the project located on a 22-hectare site located near Mamyri Village in the Leninsky District of Moscow.
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PropertyEU Archive
Premier Inn acquires hotel near London Olympic stadium
Premier Inn has announced the acquisition of a new 267-bedroom budget hotel at Stratford, located adjacent to the Olympic Stadium in London, for 拢25 mln (EUR 29 mln). The hotel will also be the closest hotel to the new Stratford International station which opened in December 2009.
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PropertyEU Archive
AXA Real Estate in running for Italian bank deal
French insurer AXA Real Estate is taking part in a consortium that is bidding for EUR 1.8 bn worth of property from Siena-based bank Banca Monte dei Paschi di Siena (MPS). Under the sale-and-leaseback plan, the Italian bank would retain a 30% stake in the portfolio with the rest split ...
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PropertyEU Archive
Klepierre boosts equity base
French property company Klepierre has boosted its shareholders' equity by nearly EUR 190 mln with the issuance of 7.6 million new shares at a price of EUR 24.69 each. The new issue represents 4.2% of its total share capital.
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PropertyEU Archive
Bouygues opens green retail park in Orange
Bouygues Immobilier has opened its Orange les Vignes retail park in the town of Orange, around 30 km north of Avignon, in the south of France. The complex has a total surface of 32,000 m2, and features the largest photovoltaic facility in Europe, developed by Aerowatt.
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PropertyEU Archive
Global office market showing improvement: CBRE
Increased demand, together with more relocation activity, is slowing rental declines in the majority of global office markets, with growth beginning to accelerate in three major markets, according to the latest Global Office Rental Cycle report from CB Richard Ellis Group. Overall, a tentative recovery of property markets is emerging, ...
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PropertyEU Archive
Karstadt sale looks set to be derailed
German-Swedish financial investor Triton will pull out of its conditional bid for insolvent German retailer Karstadt unless Germany鈥檚 largest union Verdi agrees to make some changes to the insolvency agreement, Triton spokesman Max Hohenberg told PropertyEU.
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PropertyEU Archive
Mike McCarrick joins Resolute
Resolute Asset Management, the specialist advisory and asset management firm, has announced the appointment of Mike McCarrick as vice president Real Estate Asset Management. McCarrick will be responsible for providing technical support in the review, analysis and management of the real estate assets managed by Resolute, combined with direct responsibility ...
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PropertyEU Archive
European investment set to exceed EUR 100b in 2010
European commercial real estate investment turnover is expected to reach more than EUR 100 bn in 2010, according to the latest CB Richard Ellis (CBRE) European Capital Markets report. That would mark a significant increase on the EUR 73 bn reported in 2009.
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PropertyEU Archive
SEB acquires office complex from Caja Madrid for EUR 108m
SEB Asset Management has acquired an office building in a sale-and-leaseback transaction from Caja Madrid for EUR 108 mln. Caja Madrid, Spain's oldest savings bank, is renting the building back for 30 years. Housing the bank's IT centre, the six-storey building comprises total rental space of around 43,700 m[sup]2[/sup] and ...
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PropertyEU Archive
CBRE advises on EUR 17m Czech deal
CB Richard Ellis has advised Hypo Real Invest on the acquisition of the controlling interest in the Andel City SO 16+17 office property in Prague for EUR 17.5 mln. The transaction involved the purchase of a 90% stake in the vehicle that owns the office building from a company owned ...
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PropertyEU Archive
C&W鈥檚 Yvonne Court awarded 2010 ICSC research award
Yvonne Court, Partner and Head of Retail Research & Consultancy at Cushman & Wakefield, has been awarded the 2010 ICSC Research Award for Outstanding Service.
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PropertyEU Archive
MIPIM 2011 launches Gateway Netherlands
The fair organisers of MIPIM have announced that the 2011 event will put the Dutch real estate sector in the spotlight with the introduction of Gateway Netherlands, a content, conference and networking exhibition zone dedicated to promoting the country鈥檚 property industry to the 18,000 MIPIM delegates expected in Cannes.
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PropertyEU Archive
RICS slashes chief exec鈥檚 salary by almost 40%
RICS' chief executive in-waiting Sean Tompkins will be paid 拢255,000 a year, almost 40% less than former chief executive Louis Armstrong鈥檚 拢406,000 a year, against a backdrop of salaries being frozen or slashed elsewhere.
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PropertyEU Archive
Christie + Co to help market 5-star Hilton Hotel Valencia
Christie + Co, the specialist property agent and adviser, has been appointed to participate in the marketing of the freehold of the 5-star, 304-bedroom Hilton Hotel Valencia in Spain's third largest city. The hotel was built in 2007 for a reported cost of EUR 110 mln, is the tallest building ...
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PropertyEU Archive
London & Stamford completes Radial acquisition
AIM-listed London & Stamford Property announced on Tuesday that it has completed the acquisition of Radial Distribution for 拢208.5 mln (EUR 242 mln) exclusing costs from Warner Estate Joint Ventures and Uberior Ventures. The deal was first announced last week.
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PropertyEU Archive
British Land plans new investment on back of profit recovery
British Land indicated on Tuesday that it intends to become more active in the investment market after posting robust preliminary earning figures for the year to end-March. The UK REIT posted a pre-tax profit of 拢1.13 bn (EUR 1.3 bn) for the year, up from a 拢3.9 bn loss in ...
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PropertyEU Archive
C&W signals growing caution in UK secondary market
Prime yields in the UK fell 8 basis points in April to an average of 5.79%, according to the latest capital markets business briefing on the UK from Cushman & Wakefield. This is the lowest level since May 2008, the adviser said, adding that yields are now reportedly stable in ...
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PropertyEU Archive
UK monthly capital growth sinks to 10-month low, says IPD
Capital appreciation in the UK commercial property market has softened to the shallowest levels since positive growth returned last August, at 0.8%, according to the IPD UK Monthly Index. April also turned in the second consecutive month of negative rental value growth, which measures underlying movements in estimated rental levels. ...
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PropertyEU Archive
Commerz Real acquires logistics property for EUR 11m
Commerz Real has acquired the WEG Logistics Centre in Kerpen, Germany, for one of its specialised funds. The total investment volume for the property, which extends over a gross lettable area of about 14,500 m2, comes to about EUR 11.3 mln. The property was sold by M.H. Zweite Grundinvest Gesellschaft, ...
