All PropertyEU Archive articles 鈥� Page 1945
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PropertyEU Archive
Investment in London commercial property rallies at year-end: C&W
London has recorded its third consecutive quarter of rising commercial property investment, according to new statistics published by property adviser Cushman & Wakefield (C&W). In the fourth quarter investment volumes rose to 拢3.1 bn (EUR 3.5 bn), up from 拢1.6 bn in Q3, for an annual total of 拢6.81bn.
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PropertyEU Archive
Deutsche Healthcare Property to launch IPO next year
Deutsche Healthcare Property, which is being set up by founder and CEO Hubert Bonn, has unveiled plans to launch an Initial Public Offering (IPO) on the German stock exchange in the spring of 2011. The company, which focuses on the management of healthcare properties, will seek a listing on the ...
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PropertyEU Archive
Henderson to re-open New Star International Property
Henderson Global Investors is re-opening the New Star International Property Fund for dealing. The 拢290 mln (EUR 332 mln) vehicle was closed in November 2008 following 'unusually heavy redemptions' in the wake of the credit crisis.
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PropertyEU Archive
Conwert achieves EUR 300m sales in 2009
Vienna-listed Conwert Immobilien Invest said it sold properties totalling more than EUR 350 mln in the 2009 financial year based on preliminary figures. The sales target was raised from an original EUR 200 to EUR 300 mln for the full year.
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PropertyEU Archive
Acciona sells building in Valencia for EUR 24m
Spanish energy and construction group Acciona has sold the Alameda office building in Valencia to the Zriser Group. The transaction price amounts to EUR 24.3 mln. The property offers 11,200 m[sup]2[/sup] of office space and an underground parking lot on three levels. Major tenants in the building include Vodafone and ...
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PropertyEU Archive
Aberdeen completes 拢250m investment into UK property market
Aberdeen Property Investors (Aberdeen) said on Monday that it has acquired around 拢250 mln (EUR 284 mln) of UK commercial properties in the last three months on behalf of institutional clients. 'Our size and reach in the market has allowed us to complete 15 acquisitions,' said John O鈥機onnor, managing director ...
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PropertyEU Archive
L&S buys 拢33m distribution unit in the UK
London & Stamford Property has made its first investment of 2010 with the acquisition of a freehold distribution unit in Tamworth, UK. In a statement on Monday, the company said that it has exchanged contracts with Clerical Medical Investment to buy the asset for 拢33.3 mln (EUR 38 mln), reflecting ...
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PropertyEU Archive
Corestate Capital acquires 4,700 apartments in Germany
Swiss real estate private equity firm Corestate Capital has entered into an agreement to acquire around 4,700 apartments from BGP Investment in Germany. The portfolio comprises over 300,000 m[sup]2[/sup] of lettable space in the west of the country and currently carries about EUR 150 mln of debt financing.
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PropertyEU Archive
European investment up 42% in Q4: CBRE
European commercial real estate investment turnover grew to EUR 25.7 bn in the fourth quarter (Q4) of 2009, up 42% on the previous quarter, according to new data issued by CB Richard Ellis. This is the highest quarterly total since Lehman's collapse in September 2008, and confirmation that the upturn ...
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PropertyEU Archive
Atenor places EUR 75m bond to fund development, new deals
Belgian property developer Atenor has successfully placed a EUR 75 mln five-year bond aimed at diversifying its sources of financing. The company said that the bond offering was raised from EUR 50 mln to EUR 75 mln as a result of 'considerable demand' from investors.
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PropertyEU Archive
WGF acquires German residential portfolio from Pirelli RE
German property group Westf盲lische Grundbesitz und Finanzverwaltung (WGF) has acquired a portfolio of 1,187 residential units in Germany from Italy's Pirelli Real Estate for about EUR 56 mln.
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PropertyEU Archive
Savills appointed as joint leasing agent for One New Change
Land Securities has appointed Savills to work alongside DTZ on the leasing of the remaining 205,000 sq ft of office space at its One New Change development in the City of London.
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PropertyEU Archive
Deutsche Bank and Don Stroy agree major Russian leasing
Deutsche Bank and DS Development (Don-Stroy) have announced they have completed one of the largest deals on the Russian office market in 2009. Deutsche Bank leased more than 7,000 m[sup]2[/sup] of office space in the Begovaya NordStar Tower business centre for a seven-year period. The leased floor space will provide ...
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PropertyEU Archive
Core funds increasingly popular among investors: Inrev
Institutional investors are signalling a return to the fundamentals of real estate investment by opting for core funds, according to the latest Inrev study. The results of the Inrev Investment Intentions Survey 2010 show that close to 70% of investors now prefer core-style funds compared to 38% in 2009. This ...
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PropertyEU Archive
Orco's bondholders reject debt proposal
Troubled Central European developer Orco has failed again to get bondholders' approval on a plan to restructure its debt. The Paris-based company, which has been under creditor protection since last March, had put forward a proposal to its bondholders to swap around EUR 400 mln of debt for stock.
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PropertyEU Archive
Mercialys, Coop d'Alsace team up in Strasbourg project
French retail property group Mercialys is joining forces with the Union des Coop茅rateurs d鈥橝lsace (Coop d'Alsace) to carry out a full renovation of the retail gallery within the Leclerc shopping centre on the Geispolsheim site in Strasbourg. Mercialys said that Coop d'Alsace has transferred ownership of the shopping centre to ...
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PropertyEU Archive
Pointpark, Panattoni lease 63,000 m[sup]2[/sup] in Poland
Arcapita's logistics property arm Pointpark Properties has signed an agreement with the Polish unit of Portuguese retail group Jeronimo Martins to expand its lease agreement at Pointpark's Mszczonow park in Poland. Following the transaction, JM will occupy over 40,000 m[sup]2[/sup] of warehousing and office space in a dedicated facility within ...
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PropertyEU Archive
Residential portfolio transactions in Germany exceed EUR 3b
The German market for residential portfolios picked up in 2009, with a significant number of portfolios actively transacted in the second half of the year compared to H2 2008, according to adviser Savills. In total, 107 residential portfolios worth an estimated EUR 3.2 bn and comprising a total of some ...
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PropertyEU Archive
Berenberg Invest picks up Paris office scheme for EUR 83m
Berenberg Invest has confirmed the acquisition of an office property in Paris from BNP Paribas Immobilier for just over EUR 83 mln. A spokesperson confirmed to PropertyEU that the investment arm of Germany's Berenburg Bank is contributing the 20,000-m[sup]2[/sup] property in Fontenay-sous-Bois at the south-eastern fringe of Paris to a ...
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PropertyEU Archive
Signs of recovery in hotel sector after sharp fall in values
The full impact of the recession continued to hamper transactional activity and reduce average property values across the UK hotel, pub, restaurant, leisure, care and retail sectors during 2009, according to Christie + Co鈥檚 Business Outlook 2010 publication.
