Latest reports – Page 2748
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PropertyEU Archive
Goodman reorganises European management team
Listed global industrial property group Goodman has appointed Kristof Verstraeten as commercial director for its Continental European operations. The appointment forms part of a major reorganisation of Goodman's European management team which the company says is driven by the growth of its European business, both in terms of assets under ...
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PropertyEU Archive
Europe on edge of property financing evolution: Henderson
Europe's real estate financing system has begun the slow evolution towards a more diverse model now that the Continent's banks are no longer in a position to lend at traditional levels, according to John Feeney, head of commercial real estate debt at Henderson Global Investors.
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PropertyEU Archive
Sjælsø sells Copenhagen resi project to institutional duo
Danish real estate firm Sjælsø has sold a residential project in Copenhagen to pension fund manager PKA and insurer Topdanmark for DKK 1 -1.1 bn (EUR 134 - 147 mln). The final sales price will be determined when construction is completed and the apartments have been let.
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PropertyEU Archive
Skanska to build EUR 122m green mall in Oslo
Swedish developer Skanska has been contracted by Norwegian real estate manager KLP Eiendom to build an environmentally sustainable shopping centre in Oslo for NOK 920 mln (EUR 122 mln).
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PropertyEU Archive
WestImmo to be transferred to 'bad bank' on 30 June
Stricken German lender WestLB, which received state aid following the financial crisis in 2008, will transfer a portfolio valued at around EUR 100 bn, including WestImmo, to Germany's so-called 'bad bank' EAA on 30 June 2012.
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PropertyEU Archive
Commerzbank exit from property lending no surprise to analysts
Commerzbank's decision to pull the plug on commercial real estate lending, announced on Tuesday, has not come as a surprise to many analysts, who say it has 'always been short of equity'. 'In addition, there is also an 'accounting trick' if you wind a business down like this; it helps ...
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PropertyEU Archive
Picton secures EUR 260m in new debt facilities
UK investment manager Picton Property Income has agreed two new debt facilities totalling £209 mln (EUR 261 mln) with Aviva Commercial Finance and Canada Life. The new facilities will be used to refinance Picton's existing CMBS facility and bank loan totalling £188.5 mln, which are due to mature in 2013.
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PropertyEU Archive
ULI appoints policy director for Europe
The Urban Land Institute (ULI) has appointed Katie Smith as director of policy for Europe. In this new role, she will lead the European research strategy, contribute to the design and delivery of conferences, panels and other events and provide strategic advice to the European policy and practice committee.
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PropertyEU Archive
Commerzbank to wind down property lending business
Germany's Commerzbank plans to pull out of commercial real estate financing altogether as part of an accelerated shift towards more profitable core activities. The move marks a reversal of the state-backed bank's original plan to group its real estate and ship finance activities in a new unit and integrate it ...
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PropertyEU Archive
Deka buys office asset in Bordeaux
German open-ended fund manager Deka Immobilien has acquired an office asset in Bordeaux from a joint venture between French developers Groupe Soline and Groupe Deret. The purchase price was not disclosed.
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PropertyEU Archive
Anglophone countries top JLL transparency index
The US ranks as the world's most transparent real estate market, followed closely by the UK and Australia, according to Jones Lang LaSalle's Global Real Estate Transparency Index for 2012.
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PropertyEU Archive
Secondary office investment drops to 10-year low
Investment in secondary offices across Western European markets is at its lowest level in 10 years, according to research from BNP Paribas Real Estate.
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PropertyEU Archive
'Historic' accord to tackle high Dutch office vacancies
Banks, institutional investors, occupiers and public authorities in the Netherlands have joined forces on an 'historic' plan to tackle the country's high office vacancy levels.
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PropertyEU Archive
Henderson buys retail warehouse in Germany
Henderson Global Investors has acquired a 27,500 m[sup]2[/sup] retail warehouse in Karlsruhe, Germany from the Metro Group for an undisclosed price. The asset was bought for Henderson's German Retail Income Fund.
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PropertyEU Archive
Société de la Tour Eiffel refinances EUR 117m credit line
Paris-listed Société de la Tour Eiffel (STE) has secured the refinancing of a EUR 117 mln credit line with an unnamed German Landesbank. The facility was originally provided by the Royal Bank of Scotland in 2004 when STE converted to SIIC (French real estate investment trust) status in 2004.
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PropertyEU Archive
CitizenM opens first hotel in London
Dutch hotel group CitizenM will open the doors of its first hotel in London on 4 July. The 192-room hotel is located on Bankside in the vicinity of the Tate Modern Museum, the Globe Theatre and the Millennium Bridge.
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PropertyEU Archive
British Land acquires printing works site in London
UK REIT British Land said it has reached provisional agreement to acquire the Harmsworth Quays printing works site at Canada Water in Southeast London from The Daily Mail General Trust (DMGT). The purchase price was not disclosed. The transaction is due to go unconditional in July 2012.
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News
Pension funds lined up for housing development fund
Cordea Savills holds first closing and targets a further £125m from institutions.
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News
German institutions to raise property exposure – survey
Average allocations to rise from 7.1% to 8.4% according to Commerzbank.
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News
Nevada PERS selects AEW as BlackRock replacement
AEW to assume $600m mandate to oversee diversified portfolio across the US.
