Latest reports – Page 2781
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PropertyEU Archive
German retailer acquires Moscow land plot for EUR 19m
Private German retailer Globus has acquired a land plot in the Moscow region for RUB 755 mln (EUR 19 mln). Located on a former industrial area in Korolyov, the land totals 11.2 hectare where Globus is planning to build a hypermarket.
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PropertyEU Archive
ABN Amro provides EUR 85m for mixed-use project in Rotterdam
ABN Amro Real Estate Finance has provided EUR 85 mln in financing to developer Provast for the Markthal mixed-use project in Rotterdam. The funding relates to the superstructure for the EUR 175 mln development project.
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PropertyEU Archive
Deal in Depth: Chinese SWF makes office debut in Paris
Eurosic's EUR 508 mln sale of a core office portfolio in Paris signals changing times in the city’s property investment sector. Once dominated by local investors, the French capital has become the new playground of cash-rich sovereign funds looking beyond London to expand their European domains.
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PropertyEU Archive
British Land sells 5 racquet clubs to institutional investors
UK REIT British Land has sold five of the Virgin Active racquet clubs to three institutional investors. The disposal price of £33 mln (EUR 40 mln) reflects an average net initial yield of 6.5%.
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PropertyEU Archive
AFI Development to deliver 78,000m[sup]2[/sup] business centre in Moscow
AFI Development has appointed Cushman & Wakefield as the leasing and sale agent for its business centre 'Aquamarine III' in Moscow. Aquamarine III will provide 78 000 m[sup]2[/sup] of multifunctional space at the Ozerkovskaya embankment in Moscow.
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PropertyEU Archive
Special RE funds raise investment portfolio performance
Special real estate funds can significantly raise the performance in a mixed investment portfolio, as they display hardly any correlation with other investment categories, according to a new study published by Patrizia, a listed German property company and fund manger.
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PropertyEU Archive
Felicity Holbrook joins CBRE Global Investors
Felicity Holbrook has joined CBRE Global Investors as senior associate of investor services with particular focus on raising UK equity for all the firm's global investment programs.
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PropertyEU Archive
Peakside acquires Solvay's German HQ
Peakside Real Estate Fund I is acquiring the German headquarters of international chemical group Solvay in a sale-and-leaseback transaction. The investment volume for the 23,700 m[sup]2[/sup] complex in Hanover was not disclosed.
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PropertyEU Archive
Returns slow in the UK unlisted property sector
The unlisted UK property sector delivered a total return of 0.7% in the first quarter of 2012. The result remains in positive territory but continues a downward trend and was the lowest return recorded since the market entered the recovery phase in Q3 2009, according to the AREF/IPD UK Property ...
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News
Canada Pension Plan buys stake in Chilean toll roads
CPPIB to make equity commitment of CAD1.1bn for minority stakes in five toll roads.
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News
TIAA-CREF buys Berlin's largest shopping centre with MFI
MFI said it would buy Gropius Passagen for about €340m through one of its closed-end funds.
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News
Residential real estate prices soar in Austrian cities
Academics dismiss fears over bubble, as most purchases are capital-only, with no bank loans.
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News
Friday people roundup
Connecticut Retirement, CIC, Catella, Cordea Savills, Hearthstone, FREY, Savills
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News
Tyne and Wear Pension Fund tenders £350m UK property mandate
Small allocations to indirect UK property will also be considered, fund says.
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News
Danish bank Nykredit drops Moody's as credit rating agency
Agency says defection is 'cost it has to bear' for maintaining integrity of its views.
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AnalysisNews analysis: The problem is residential property, not REITs
Proposals for a social housing REIT overestimate appetite for UK residential, says Shayla Walmsley.
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PropertyEU Archive
Nordic investment bucks slowdown trend in Q1
Real estate investment volumes rose strongly in the Nordic region in the first three months of the year while the rest of Europe saw a slowdown, CBRE has reported.
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PropertyEU Archive
Investire, Henderson team up to launch Italian funds
Henderson Global Investors and Investire Immobiliare SGR, the property funds asset management company belonging to Banca Finnat Euroamerica Group, have signed a joint venture agreement for the development and distribution of property funds.
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PropertyEU Archive
Deka Immobilien bags London scheme for EUR 133m
German fund manager Deka Immobilien has acquired the One Southampton Row mixed-use scheme in the West End of London, UK for around EUR 133 mln. The vendor is UK developer Grandsoft.
