All PropertyEU Archive articles 鈥� Page 1947
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PropertyEU Archive
Tesco-British Land JV arranges EUR 352m refinanicng
Tesco BL Properties (TBL), a 50/50 joint venture between British Land Company and supermarket giant Tesco has completed the refinancing of its retail portfolio with a new 拢315 mln (EUR 352 mln) five-year term loan. The funds were used to repay TBL's existing bank loan on its scheduled maturity ...
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PropertyEU Archive
RREEF buys 7 nursing homes for EUR 95m
German investor RREEF Spezial Invest has acquired seven nursing homes in three separate transactions with real estate firms Semmelhaack and the Diringer & Scheidel group and a developer from Cologne. The transaction price amounts to a total of EUR 95 mln.
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PropertyEU Archive
Gide Loyrette Nouel advised on largest Polish deal
International law firm Gide Loyrette Nouel said on Wednesday that it advised Mayland Real Estate on the sale of two Polish shopping centres to private equity firm MGPA in what has been described as the largest real estate transaction in Poland since 2007.
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PropertyEU Archive
DTZ appoints Patrick Delcol as Country Head of Poland
DTZ has announced the appointment of Patrick Delcol as country head of DTZ in Poland, with effect from 1 February 2010. Delcol, 45, joins from ING Real Estate Development, Poland, where he was Development Director and a member of the Board. Previous roles in Poland include CEO of Centrum Development ...
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PropertyEU Archive
Quinlan Private Golub to manage Budapest鈥檚 bank center
GLL Real Estate Partners has appointed Quinlan Private Golub, the Central European real estate investment and development group, to manage its centrally-located Bank Center. The 30,000 m[sup]2[/sup] office building is currently almost fully leased to tenants including Citibank, OTP, Regus and Amgen.
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PropertyEU Archive
Nexity launches mixed-use project in Brussels
The Belgian arm of French property company Nexity has launched the development of a new mixed-use project on one of the last available sites in the European district of Brussels. Designed by architects A2RC, the project consists of three elements, in particular a 110-room hotel, residential apartments and office space. ...
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PropertyEU Archive
SWIP buys distribution warehouse in Northampton
Scottish Widows Investment Partnership Property Trust has acquired the freehold interest of a prime distribution warehouse located on Swan Valley Park, Northampton for 拢27.525 mln (EUR 30.84 mln) from PMB Holdings Ltd. The price reflects a net initial yield of 6.73%.
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PropertyEU Archive
RED secures financing for first Cadran in Romania
Immorent is providing EUR 8 mln in financing for RED鈥檚 first Cadran commercial centre that is to be developed in Husi, North East Romania. Immorent Romania is part of the Erste Group.
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PropertyEU Archive
Deutsche Pfandbriefbank issues EUR 1 bn jumbo Pfandbrief
pbb Deutsche Pfandbriefbank on Monday successfully issued a EUR 1 bn public sector jumbo Pfandbrief. The move follows two previous placements of jumbo Pfandbriefs in September and October 2009.
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PropertyEU Archive
Hochtief lets 2,400m[sup]2[/sup] at Lindley Carr茅e in Hamburg
Hochtief Projektentwicklung has let a further 2,400 m[sup]2[/sup] of office space at Lindley Carr茅e in Hamburg to Ipsos, the international corporation for survey-assisted market research, which will relocate its offices to the building in November. Prior to the start of construction work, life assurance company neue Leben Lebensversicherung had secured ...
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PropertyEU Archive
Servihabitat to sell EUR 20m building in Barcelona
Servihabitat, the property services unit of bank La Caixa, has put an office building on Barcelona's main avenue, Gran Via, on the market, Spanish news agency Efe has reported. The company is targeting a sales price of around EUR 20 mln for the property.
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PropertyEU Archive
HRE to create bad bank for up to EUR 200b in risky assets
Nationalized property financier Hypo Real Estate (HRE) is expected to unload EUR 180 bn to EUR 200 bn of high-risk assets into a bad bank during the coming weeks, according to a report in German weekly Der Spiegel. That would mean the assets would no longer have to be written ...
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PropertyEU Archive
UK mall transactions rise sharply in Q4
A flurry of activity in the UK shopping centre sector during the final quarter of 2009 generated annual turnover of more than 拢2 bn (EUR 2.2 bn), approximately 42% ahead of 2008, according to property consultant Cushman & Wakefield.
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PropertyEU Archive
LBO France buys in Saint Ouen for EUR 41m
French private equity company LBO France has acquired SCI Saint Ouen Biron, the owner of an office complex located in Saint Ouen, from French SIIC Compagnie La Lucette. The transaction price amounts to some EUR 41.4 mln, French property magazine Business Immo has reported. The scheme consists of two buildings ...
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PropertyEU Archive
SPDE sells property in Stavanger to Oslo Areal
Hinna Park AS, a Scandinavian Property Development ASA subsidiary, has entered into an agreement with Oslo Areal AS, regarding the sale of Kanalpiren AS at Hinna, Stavanger. The property comprises approximately 16,000 m[sup]2[/sup] of office space and a parking garage. The transaction is based on a property value of NOK ...
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PropertyEU Archive
Del Vecchio's Delfin vehicle boosts stake in FDR
Delfin, the holding of Fonciere des Regions' main shareholder Del Vecchio, is further increasing its stake in the French office property group with the acquisition of warrants to be converted into shares representing 1.74% of the group's capital. The operation will allow the Luxembourg-based holding to control a 23.4% stake ...
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PropertyEU Archive
Pitch Promotion delivers Paris' Link building to La Lucette
French property developer Pitch Promotion said it has completed the development of the Link office building in the 15th arrondissement of Paris. The High Quality Environmental (HQE)-certified building, offering 10,500 m[sup]2[/sup] of space and 71 parking spaces on two levels, was delivered last week to the French SIIC La Lucette.
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PropertyEU Archive
Helaba strengthens French real estate business
Pascal Amann has been appointed senior director of origination for Helaba's real estate business in France. Amann has over 25 years of experience in various positions in the French real estate business covering the investment, treasury and lending side of the business. He has been chief financial officer for French ...
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PropertyEU Archive
EstCapital launches Venice property fund
Italian fund manager EstCapital has announced that its Citt脿 di Venezia real estate fund has become operational with the transfer by the city of Venice of seven properties in exchange for fund units worth EUR 41 mln. In addition, the fund acquired a further 11 properties in January from the ...
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PropertyEU Archive
Valad secures major letting near Munich
European multi-let specialist fund and asset manager Valad Property Group has secured a major letting at the former HQ of high-end fashion house Escada at Margaretha-Ley- Ring in Aschheim-Dornach, near Munich. One of Europe鈥檚 leading fashion wholesalers, Schustermann and Borenstein, has taken 9,600 m[sup]2[/sup] in the building on a new ...
