Latest reports – Page 2719
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PropertyEU Archive
GLL shops in Paris with 4,175m[sup]2[/sup] office buy
Munich-based fund manager GLL Real Estate Partners has taken possession of an office property at 44/46 rue de Lisbonne in the 8th arrondissement of Paris. The vendor was New Ireland Assurance Company, represented by Kennedy & Wilson Europe.
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PropertyEU Archive
Goodman seeks no1 logistics position in three countries
Goodman Group aims to become the logistics property market leader in France and Poland over the next three years. The global integrated logistics company is already the market leader in Germany, and topped PropertyEU's 2012 ranking of top European real estate developers.
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PropertyEU Archive
SEB AM expands its business in Asia
SEB Asset Management is acquiring partial ownership of 9,035 m[sup]2[/sup] of the mixed-use Abeno Nini commercial building in Osaka, Japan, for JPY 7 bn (EUR 72 mln). The seller of the office, hotel and retail space is developer Osaka Colors.
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PropertyEU Archive
Italy's Prelios in talks on capital injection
Italy's Prelios has confirmed it has received expressions of interest from Italian investors Merloni and Caputi as well as US asset manager Fortress regarding a potential capital injection and their entry as new shareholders in the loss-making company.
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PropertyEU Archive
CBRE appointed to sell landmark Dublin hotel
Property adviser CBRE has been appointed to sell one of the best known hotels in Dublin. Paul McCann of insolvency specialist firm Grant Thornton, acting as receiver of Burhotel Trading Company, has instructed CBRE Hotels Dublin to the market and offer the Burlington Hotel for sale by private treaty.
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PropertyEU Archive
RREEF's fund launch comes at 'challenging' time for sector
RREEF's plan to launch a £1bn (EUR 1.3 bn) UK property fund targeting 'index-linked returns' before the year-end comes at a challenging time for both the sector and the UK.
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PropertyEU Archive
London & Stamford secures financing for residential acquisition
London & Stamford has completed a £65 mln (EUR 82 mln) refinancing deal for the acquisition of a residential scheme in Central London.
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PropertyEU Archive
Gulf investor snaps up office building near Southampton
Claymore Group, acting on behalf of Gulf-based Rhine Property Investments, has acquired a 4,900 m[sup]2[/sup] office property from Legal & General Property for £13.5 mln (EUR 17.5 mln) in an off-market transaction.
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PropertyEU Archive
Construction of MainTor begins
German listed real estate company DIC Asset launched the construction phase of the MainTor riverside financial district in Frankfurt.
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PropertyEU Archive
Eurocommercial acquires Swedish retail assets
Amsterdam-listed property company Eurocommercial has acquired Eurostop, Halmstad in southern Sweden. Property adviser Cushman & Wakefield, which acted fro the buyer, said the investment volume of SEK 560 mln (EUR 67 mln) reflects a net initial yield of around 6%.
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News
German roundup
Corestate Capital, Development Securities, Pears Group, NAMA, Union, Schroders, SEB
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News
Bureaucracy blamed as infrastructure investment in India falls by 52%
INDIA – Country must shorten approval process, create credible regulatory mechanism, says RBI.
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News
Illinois Teachers expands relationship with Walton Street, drops KBS
NORTH AMERICA – Teachers’ Retirement System invests another $100m with Walton Street Capital.
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News
Virginia Retirement System makes first foray into infrastructure
NORTH AMERICA – Pension fund makes two commitments worth more than $450m combined.
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PropertyEU Archive
Development finance to remain limited until 2017: JLL
With equity players and sources of debt finance targeting the same prime office buildings and lower-risk lending, normal speculative development completion patterns are not likely to return to Europe for the next five years, according to the latest research from Jones Lang LaSalle.
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PropertyEU Archive
Norbert Müller takes on origination role at pbb
Norbert Müller is to take on responsibility for pbb Deutsch Pfandbriefbank's international customers, with a regional focus on the French, Scandinavian and Spanish markets. He takes up the new position on 1 September.
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PropertyEU Archive
Starwood to double portfolio in Russia and CIS
International hotel group Starwood Hotels & Resorts Worldwide has announced plans to expand its portfolio throughout Russia and the Commonwealth of Independent States (CIS).
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PropertyEU Archive
JV bags Chrome debt portfolio from Nama
A joint venture of Pears Group and Development Securities has completed the acquisition of the Chrome portfolio from Ireland's National Asset Management Agency (Nama). The transaction price amounts to £103 mln (EUR 130 mln).
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PropertyEU Archive
PointPark starts extension project in Bratislava
Pan-European warehouse asset manager and developer PointPark Properties (P3) has started construction on a new 12,000 m[sup]2[/sup] extension for furniture retailer Mobelix.
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PropertyEU Archive
Aaronson's Aevitas wins EUR 200m US pension mandate
Multi Development's former CEO Glenn Aaronson has taken the helm at Aevitas Property Partners, a Dutch-based property group with $250 mln (EUR 200 mln) in seed capital from US pension fund Washington State Investment Board.
