Latest reports – Page 2737
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PropertyEU Archive
ABP sees property returns recover in Q2
Dutch pension fund giant ABP reported that its real estate portfolio generated a return of EUR 1.2 bn in the second quarter of 2012, an increase of 4.5%. This brings the total return for the first six months to 11.1% or EUR 2.7 bn.
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PropertyEU Archive
Editor's choice: top real estate headlines around Europe
Thursday's top headlines include:
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PropertyEU Archive
Hammerson sells London office portfolio to focus on retail
UK real estate investment trust Hammerson has exchanged contracts to sell the bulk of its office portfolio to US group Brookfield Office Properties for total cash proceeds of £518 mln (EUR 660 mln), representing a 5% premium to book value. The deal reflects a yield of 5.2%.
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PropertyEU Archive
Grosvenor raises EUR 115m from US bond issue
International property group Grosvenor has raised £90 mln (EUR 115 mln) through the issue of long-term unsecured loan notes in the US.
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PropertyEU Archive
UK unlisted property returns slow to 0.2% in Q2
Further valuation falls in the UK direct property market in Q2 impacted on performance in the unlisted sector, slowing overall returns to 0.2%, and to 0.0% for the 29 specialist funds measured.
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PropertyEU Archive
Major UK office portfolio goes into receivership
A portfolio of 18 offices across the UK has been put into receivership following a steep decline in property values.
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PropertyEU Archive
Credit Suisse plans EUR 416m real estate sales by year-end
Zurich-based investment bank Credit Suisse plans to sell around CHF 500 mln (EUR 416 mln) of real estate this year as part of efforts to strengthen its capital position by CHF 15.3 bn.
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PropertyEU Archive
UK and France drive European investment in Q2: CBRE
Commercial real estate investment activity increased significantly in the UK and France in the second quarter of 2012, as investors sought the most liquid markets at a time of further financial uncertainty, according to the latest research by global property adviser CBRE.
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PropertyEU Archive
Müller heads C&W's Munich investment team
Thomas Müller is to lead the Munich investment team of property consultant Cushman & Wakefield (C&W) as a partner. He joins from Savills in Munich where he spent six years as director and head of investment.
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PropertyEU Archive
Prologis launches business development team in Poland
European industrial property group Prologis has announced the creation of a new business development team in Poland to focus on customer needs relating to four new projects across the country.
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PropertyEU Archive
Milan City fund starts sale of EUR 90m portfolio
BNP Paribas REIM has announced the start of the first phase of disposal for Fondo Comune Milano II, a property fund seeded with assets from the municipality of Milan.
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PropertyEU Archive
Union buys two office projects near Paris for EUR 240m
Union Investment has acquired two office developments near Paris for its UniImmo: Germany open-ended real estate fund. The purchase price amounts to around EUR 240 mln.
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PropertyEU Archive
CBRE to sell two hotels near London's Olympic Park
CBRE Hotels EMEA has been appointed to sell The Holiday Inn and Staybridge Suites Westfield in London on behalf of Patron Capital and Cycas Hotel Partners. The agent did not disclose the asking price for the properties.
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PropertyEU Archive
HIH ties up with Boxberg in search of German opportunities
Hamburgische Immobilien Handlung (HIH), the property arm of German private bank M.M. Warburg & Co, is teaming up with UK private equity group Boxberg Capital on a major value-add and opportunistic investment drive in Germany.
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PropertyEU Archive
Crown Estate snaps up Bafta HQ in London
The Crown Estate has acquired the freehold interest in Princes House, a cluster of buildings at St James's in London, for £87 mln (EUR 111 mln). The deal represents an earnings yield of 4.74%. The vendor is Aviva Investors.
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PropertyEU Archive
TK Development sells two Polish projects for EUR 95m
Denmark's TK Development has signed a conditional agreement with Chicago-headquartered property firm Heitman to sell two Polish assets at a total project value of EUR 95 mln.
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PropertyEU Archive
C&W strengthens retail team with new hire
Cushman & Wakefield has further expanded its European retail team with the appointment of retail expert Miluse Kafkova to lead its retail asset management teams in the Czech Republic and Slovakia.
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News
Henderson Property acquires Horizon's French business
Deal comes as part of Henderson's attempt to double French assets under management by 2015.
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News
Real estate portfolio at CalPERS returns nearly 16%
Pension fund produces overall return on all investments of 1% over same period.
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News
San Francisco Employees commits $44m to Rockpoint distressed asset fund
Fund to focus on office, multi-family and hospitality sectors in select coastal markets.
