Latest reports – Page 2023
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PropertyEU Archive
Pbb provides €100m loan for TAG's German assets
German lender pbb Deutsche Pfandbriefbank has provided €100 mln in loans to various property companies of TAG Immobilien to refinance a real estate portfolio of 72 assets across Germany.
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PropertyEU ArchiveAXA IM - Real Assets launches renovation of Paris hotel
AXA Investment Managers - Real Assets has secured a building permit for the redevelopment of the Tour Paris-Lyon a high rise office-led scheme into a four star hotel in central Paris.
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PropertyEU Archive
CLS Holdings buys €50m of German offices
CLS Holdings has exchanged contracts to acquire two properties, one in Düsseldorf and one in Hamburg, for a total of €49.5 mln.
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PropertyEU ArchiveMadison raises €1.26b in largest fund launch to date
US real estate private equity firm Madison International Realty has announced the final closing of Madison International Real Estate Liquidity Fund VI, the firm’s largest fund to date, with $1.39 bn (€1.26 bn) of equity commitments, including side cars, co-investments and GP commitments.
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PropertyEU Archive
Catella raises €200m for new European resi fund
Catella Real Estate has announced it has raised €200 mln of equity for Catella Housing Europe, a new open ended fund focusing on European residential assets.
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PropertyEU ArchiveTristan fund sells 3 Dutch malls for €100m
EPI Special Opportunities 4 (EPISO 4), the opportunity fund advised by European real estate investment manager Tristan Capital Partners, has sold three neighbourhood shopping centres in the Netherlands for a total of around €100 mln.
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PropertyEU ArchiveKGAL buys Hamburg office scheme from Hannover Leasing
German firm KGAL has announced the acquisition of the Jahreszeitenverlag office building in Hamburg from Hannover Leasing for an undisclosed amount.
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PropertyEU ArchiveLar España to buy Vigo mall from Oaktree for €145m
Spanish REIT Lar has agreed to acquire the Gran Via de Vigo shopping centre in the Galicia region from US private equity firm Oaktree.
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PropertyEU ArchiveDeutsche Bank in final talks to buy Barcelona mall for €500m
Deutsche Bank is reportedly leading the race to acquire the Diagonal Mar shopping centre in Barcelona after having made a €500 mln bid on the asset.
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PropertyEU Archive
Atrium Ljungberg acquires €111m Stockholm asset from Areim
Swedish property developer Atrium Ljungberg has announced the acquisition of the Eken 6 office scheme in Sundbyberg near Stockholm through a share deal worth SEK 1 bn (€111 mln).
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PropertyEU Archive'Brexit shock' amplifies risks in Europe’s commercial property market
The surprise decision by the British electorate on June 23 to vote to leave the European Union (EU) is a potentially game-changing development for both the United Kingdom (UK) and Europe, writes columnist Nicholas Spiro in a commentary for PropertyEU.
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PropertyEU ArchiveBlackstone, Quantum buy Allianz HQ in Berlin for €230m
US asset manager Blackstone's Real Estate Partners Europe IV and Germany's Quantum Capital have agreed to acquire the Treptowers office building in the Mediaspree sub-market of Berlin for €230 mln, reflecting a yield of 6%.
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PropertyEU ArchiveBrexit could benefit serviced apartment sector: Cycas
Brexit may have derailed investment transactions in London and caused a lockdown of open-ended real estate funds, but the extended stay property sector could actually survive and thrive in the post-referendum environment, according to Cycas Hospitality.
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PropertyEU ArchiveBritish Land sells London's Debenhams store for €470m
UK REIT British Land has exchanged contracts to sell Debenhams' flagship store on London's Oxford Street to a private investor for £400 mln (€470 mln).
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PropertyEU ArchiveHines, Universal-Investment ink €130m Milan deal with Sorgente
US developer-investor Hines has completed the acquisition of a retail and office building on Milan's central Piazza Cordusio for an institutional real estate fund administered and managed on behalf of Bayerische Versorgungskammer (BVK), Germany’s largest pension scheme group with €62 bn of assets under management.
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PropertyEU ArchiveHines fund acquires Polish logistics portfolio from NBGI Private Equity
Hines' Poland Sustainable Income Fund (HPSIF) has announced the acquisition of a 126,290m2 logistics portfolio from NBGI Private Equity for an undisclosed amount.
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PropertyEU ArchiveAXA IM - Real Assets finalises sale of €90m Barcelona hotel
AXA Investment Managers - Real Assets has completed the sale of the Pullman Skipper Hotel in Barcelona to an unnamed Luxembourg fund.
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PropertyEU Archive
Corestate founder buys back 28% stake from Intershop
Corestate Capital's founder and majority shareholder Ralph Winter has agreed to buy back a 28% stake in the company from Zurich-based Intershop Holding for an undisclosed amount.
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PropertyEU ArchiveDanish pension fund acquires 200 apartments for €44m
Lærernes Pension, the pension and life insurance fund for Danish teachers, has acquired a portfolio of 200 apartments in the northern Danish city of Aalborg for €44.3 mln.
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PropertyEU ArchiveMajority of institutional investors down on UK real estate: Preqin
A majority - or 57% - of global institutional investors with exposure to real estate say they will likely invest less in the UK in the next 12 months as a result of the referendum result, according to a survey by Preqin, the alternative assets data provider.
