Latest reports – Page 2747
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PropertyEU Archive
Newsec appoints new managing director
Henrik Granström has been appointed managing director of Newsec, replacing Urban Edenström who will resume his role as CEO of the holding company Stronghold and chairman of the wholly owned subsidiaries Newsec, Niam and Datscha.
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PropertyEU Archive
London & Stamford completes Unilever House deal
UK REIT London & Stamford has completed the acquisition of Unilever House, a 17,000 m[sup]2[/sup] office building at Leatherhead Office Park in Surrey, for £61.1 mln (EUR 76 mln), reflecting a net initial yield of 6.85%. The vendor is Scottish Widows Investment Partnership and Orchard Street Investment Management.
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PropertyEU Archive
Commerzbank pullout from RE lending 'blow to sector'
Commerzbank's decision to wind up its commercial real estate lending business, announced last week, is a blow to the sector, Frank Pörschke, head of Germany at JLL, told PropertyEU.
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PropertyEU Archive
Prologis to wind up EUR 2.5b PEPR fund
Prologis, the global industrial property specialist, has begun the formal process of winding up its listed and externally managed fund which owns more than EUR 2 bn of assets in Europe. Prologis indicated it will take ownership of the Prologis European Properties (PEPR) properties and assume responsibility for its liabilities ...
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PropertyEU Archive
Idea Fimit takes over Duemme's property funds
Italian fund manager Idea Fimit has signed an agreement to acquire smaller peer Duemme's eight property funds representing 60 buildings with a value of around EUR 560 mln.
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PropertyEU Archive
Prupim buys office building in Bristol for EUR 32m
Prupim, the real estate investment arm of financial services group Prudential, has acquired the Temple Circus Building in Bristol for £26 mln (EUR 32.5 mln).
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PropertyEU Archive
Knight Frank markets prime Dublin office at 9.4%
Agent Knight Frank has been hired to market a prime office building and adjoining multi-storey car park in Dublin city centre’s International Financial Services Centre for a price over EUR 28 mln, representing a net initial yield of 9.4%.
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PropertyEU Archive
VIB Vermögen acquires Nuremberg asset for EUR 27m
Munich-listed property firm VIB Vermögen has acquired an 85,282 m[sup]2[/sup] office and logistics asset in the German city of Nuremberg for just under EUR 27 mln. The property is 91% let. The vendor was not identified.
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PropertyEU Archive
Henderson to expand Swindon designer outlet by 4,650 m2
Henderson Global Investors, on behalf of its Swindon designer outlet centre, has submitted a planning application for the development of more than 50,000 sq ft (4,650 m2) of new retail and catering space at the centre, representing an investment of £35 mln (EUR 43 mln).
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PropertyEU Archive
Skanska sells office in Malmö for EUR 74m
Construction and development group Skanska has sold the Bassängkajen office property in the Swedish city of Malmö to Swedish property company Vasakronan. The deal was conducted as a corporate transaction, in which the price was based on a property value of SEK 652 mln (EUR 74 mln).
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PropertyEU Archive
Czech H1 investment volumes plummet: CBRE
Real estate investment volumes in the Czech Republic plunged 75% to EUR 183 mln in the first half of 2012 compared to H1 2011, according to preliminary figures from CBRE. Compared with the second half of 2011, volumes were down 87%.
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PropertyEU Archive
Commerzbank fire sales 'not on the cards'
Fire sales of Commerzbank's non-core real estate assets are 'not on the cards', Stefan Otto, head of ship financing at Commerzbank, told PropertyEU, following the news that the German lender is pulling out of commercial real estate financing altogether.
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News
Real estate becoming 'forgotten' asset class in defined contribution world
Goldman Sachs AM says DB pension funds should consider real estate as part of LDI strategies.
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News
CalPERS buys interest in real estate manager Bentall Kennedy
Pension fund aims to leverage company's fund management experience to grow its own staff.
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News
Pricoa completes first UK senior loan deal
Prudential mortgage lending business to lend £70m against portfolio of UK offices, retail units.
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News
Dutch regulator casts doubt on added value of alternative assets
Pension funds must do more to examine cost/return ratio of alternatives, watchdog says.
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News
PensionDanmark snaps up $750m in infrastructure loans
JPMAM to manage portfolio of senior secured infrastructure loans in Canada, Europe and US.
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PropertyEU Archive
Henderson prepares German logistics fund with Palmira
Henderson Global Investors is working on a new special fund (Spezialfonds) with Palmira Capital that will invest in German logistics assets.
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PropertyEU Archive
Redevco opens Magnesia mall in Turkey
Private Amsterdam-based real estate company Redevco opened its Magnesia Shopping Center in the western Turkish city of Manisa on Thursday.
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PropertyEU Archive
Wölbern Invest buys office in Amsterdam for EUR 100m
German closed-end fund manager Wölbern Invest has acquired a newly built office building in Amsterdam for its Holland 71 fund. The investment volume amounts to EUR 99.8 mln.
