Latest reports – Page 2727
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News
UK coal schemes to buy controlling stake in property company
UK – Restructuring will also see pension deficit reduction payments suspended for two years.
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AnalysisNews analysis: Spezialfonds ain't broke, but let's fix them anyway
GERMANY – New proposals could exclude German insurers from domestic real estate market.
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PropertyEU Archive
Savills sees Continental European losses narrow
Savills, the UK-listed advisory firm, saw losses at its continental European operations narrow by 14% in the first half of 2012 to £3.5 mln from £4.7 mln in the year-earlier period. However, revenue was up 8% at £31.6 mln thanks to higher income from advisory fees in the Netherlands, Ireland ...
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PropertyEU Archive
Irish-owned mall sells at auction in Bucharest for EUR 60m
Cyprus-registered company Rosequeens Properties has acquired the Liberty Center mall in Bucharest at a public auction for the starting price of EUR 60 mln. Romanian media said that the buyer is administered by Ciprian Chiorean, legal manager of the Bank of Cyprus in Romania.
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PropertyEU Archive
DTZ appoints head of EMEA retail
Property adviser DTZ announced that Adrian Powell has been appointed as head of EMEA retail. He will report to John Forrester, Head of EMEA at DTZ.
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PropertyEU Archive
Kungsleden sells industrial two Polish assets for EUR 12.5m
Listed Swedish property company Kungsleden is selling two industrial properties in Bielsko-Biala, southern Poland for a total EUR 12.5 mln. The sales price is in line with book value and acquisition cost.
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PropertyEU Archive
US players dominate global fund management rankings
US fund managers are the biggest players in the global property fund management industry, accounting for 70% of the top 10 worldwide, according to a new survey by INREV in cooperation with its Asian counterpart ANREV. Three US firms dominate the top 5 led by CBRE Global Investors, Brookfield Asset ...
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News
Student housing market to develop as investment doubles
UK – CBRE report highlights broader range of routes to market, including financing.
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News
Allianz, Curzon fund buy Warsaw Financial Center for €210m
POLAND – Allianz Real Estate to take majority stake in landmark Polish tower.
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News
JLL launches Asia’s first secondary platform
ASIA – Real estate secondaries market picks up pace as pricing becomes clearer.
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News
German pension fund doubles money for Patrizia JV
GERMANY – Unnamed investor commits a further €100m to value-added residential strategy.
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News
Core recovery sees Florida’s property portfolio outperform
UNITED STATES – State Board of Administration yields 12.8% from RE, moves to non-core assets.
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News
CalPERS adds $4bn to core real estate partnerships
UNITED STATES – Allocation part of drive to have larger mandates with fewer managers.
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PropertyEU Archive
Conwert acquires Berlin residential portfolio
Vienna-listed proeprty company Conwert Immobilien Invest SE has acquired a 1,700-unit residential property portfolio in Berlin with a yield on purchase of approx. 8.3 %.
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PropertyEU Archive
Orchard Street acquires Guildford industrial estate for EUR 24m
London-based Orchard Street Investment Management has purchased industrial property complex Cobbett Park in Guildford, UK on behalf of a pension fund client. The investment volume of £19 mln (EUR 24 mln) reflects a net initial yield of 6.16%. The vendor was Legal & General Property's Industrial Property Investment Fund (IPIF).
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PropertyEU Archive
Poland to see record office delivery in 2013: DTZ
Real estate developers aim to deliver 340,000 to 350,000 m[sup]2[/sup] of new office space in Poland next year - the highest annual figure in the market since 2000, DTZ has said.
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PropertyEU Archive
Retail managing director to leave Hammerson
Hammerson has announced that Lawrence Hutchings, managing director of UK retail and member of the group executive committee, has decided to step down from the business.
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PropertyEU Archive
ING increases provisions for bad property loans
Dutch insurance giant ING Group reported a sharp increase in provisions in the second quarter of 2012 on expected losses on its property loan portfolio, in particular in the Netherlands. The provisions for its commercial and private lending business rose to EUR 120 mln from a level of between EUR ...
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PropertyEU Archive
Corio books hefty writedowns in Spain and Germany
Dutch listed retail specialist Corio saw net profit plunge 90% to EUR 11.7 mln in the first half of 2012 from EUR 122.8 mln in the year-earlier period. The sharp decline reflected a hefty writedown on the company's activities in Spain and Germany.
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PropertyEU Archive
US private equity firm buys UK's Belfry hotel and golf resort
Denver-based private equity group KSL Capital Partners has acquired The Belfry, a well-known hotel and golf resort in England that has hosted the Ryder Cup on four occasions, from Sean Quinn Jr, the son of bankrupt former Irish billionaire Sean Quinn.
