Latest reports – Page 2790
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PropertyEU Archive
Ivanhoé Cambridge bags Peugeot Citroën's Paris HQ
Ivanhoé Cambridge, a real estate subsidiary of the Caisse de dépôt et placement du Québec, has entered into an agreement to acquire the historical head office of car manufacturer PSA Peugeot Citroën in Paris for EUR 245 mln.
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PropertyEU Archive
Lasse van Waegeningh joins Hogan Lovells
International law firm Hogan Lovells has recruited real estate expert Lasse van Waegeningh for its Amsterdam office. Van Waegeningh will be a member of Hogan Lovells' international Real Estate Group, focusing on real estate transactions, litigation and structuring advice for commercial real estate clients.
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PropertyEU Archive
Valad completes EUR 1.1b debt refinancing of Duke
Valad, the European multi-let real estate investment manager, has completed a EUR 1.1 bn (£950 million) refinancing of DUKE, its real estate joint venture with Lloyds Banking Group. This extends the term of the debt facilities to December 2016.
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PropertyEU Archive
CBRE Global Investors strengthens transaction team
CBRE Global Investors has appointed Ulrich Oppermann as head of Transactions for CBRE Global Investors Germany.
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PropertyEU Archive
PNB pulls out of EUR 323m London office deal
Malaysian fund Permodalan Nasional Berhad (PNB) has pulled the plug at the last minute on the acquisition of the Woolgate Exchange office property in the City of London. It is not clear why the deal did not go ahead at the negotiated price of about £270 mln (EUR 323 mln), ...
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PropertyEU Archive
NAI Global announces partnership in Denmark
NAI Global has announced a partnership with Lintrup & Norgart to service corporate and investment clients in Denmark. The firm will now operate as NAI Lintrup & Norgart.
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PropertyEU Archive
Bouwfonds buys Dutch resi portfolio for EUR 51m
Bouwfonds European Residential Fund has acquired a portfolio of residential assets in the Dutch cities of Rotterdam and Leiden for EUR 51 mln. The vendor was Dutch residential property owner and developer Vesteda.
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PropertyEU Archive
GPR 250 Europe books 4.7% return in March
European listed real estate stocks - as represented by the GPR 250 Europe Index - finished March 4.7% higher with only the country indices of Sweden and Poland recording losses. Sweden booked a return of -1.3% while Poland slid 23.5%.
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PropertyEU Archive
Quintain's IQ fund agrees EUR 190m refinancing
Quintain, the London regeneration specialist and fund manager, has finalised a £158 mln (EUR 190 mln) refinancing of the iQ fund, one of the UK's largest student accommodation providers. iQ is a 50-50 joint venture between Quintain and the Wellcome Trust.
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PropertyEU Archive
DTZ's Timo Tschammler moves to JLL Germany
Timo Tschammler, country manager at DTZ Germany, is moving to Jones Lang LaSalle’s German unit from 1 October, Jones Lang LaSalle announced in a press release. In his new position as managing director, Tschammler will also join JLL’s German management board with responsibility for office and industrial investment and leasing.
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PropertyEU Archive
Henderson launches Swedish investment platform
Henderson Global Investors has hired Johan Åström in Sweden to drive forward its Nordic business growth. Åström, who will be based in Henderson's new Stockholm office, will assume the role of head of Property Sweden, reporting to David Turner, director of Property, based in Henderson’s London office.
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PropertyEU Archive
Union sells German mall to LaSalle IM for EUR 104m
Union Investment has sold the Luisencenter shopping centre in Darmstadt, Germany to LaSalle Investment Management for around EUR 104 mln.
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PropertyEU Archive
UK shopping centre pipeline is lowest since 1960s: C&W
Shopping centre development in the UK has slowed to a crawl with the total 2012 pipeline forecast to be just 31,500 m2, the lowest annual figure since the early 1960s, according to Cushman & Wakefield.
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PropertyEU Archive
Robert Noel assumes CEO role at Land Secs
Land Securities confirmed on Monday that Robert Noel has now assumed the role of Group Chief Executive, taking over from Francis Salway who was Chief Executive for seven years and who left the business on 31 March 2012.
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PropertyEU Archive
Prologis sells Polish and German portfolios for EUR 210m
Global industrial property owner and developer Prologis has announced the sale of $280 mln (EUR 210 mln) of assets in Poland and Germany, bringing its first-quarter disposal total in Europe to $605 mln.
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PropertyEU Archive
Michelin sells Paris HQ for EUR 110m
Tire manufacturer Michelin has sold its historic headquarters at 46 Avenue de Breteuil in Paris’ 7th arrondissement to French insurer Covéa for EUR 110 mln, reflecting a capital gain of nearly EUR 100 mln.
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PropertyEU Archive
Valad offers Uni-Invest bondholders alternative to TPG/Patron bid
Valad Europe is offering an alternative to Opera Uni-Invest CMBS bondholders which are due to vote on 17 April in Amsterdam on a solution for the distressed Dutch portfolio. Uni-Invest, the owner of the Dutch portfolio underpinning the EUR 750 mln facility, defaulted on the bond’s maturity deadline in mid-February.
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PropertyEU Archive
Cofinimmo names Jean-Edouard Carbonnelle as new CEO
Belgian REIT Cofinimmo has appointed Jean-Edouard Carbonnelle as new Chief Executive following the departure last week of Serge Fautré.
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PropertyEU Archive
Deka snaps up landmark tower in Amsterdam
Germany's Deka Immobilien has bought the Rock office tower in Amsterdam's Zuidas business district from Evans Randall. Financial details were not disclosed.
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PropertyEU Archive
Commerbank gets EU approval to wind down Eurohypo
German state-backed lender Commerzbank won European Union approval on Friday to wind down its real estate lending arm, Eurohypo. No deadline for the dismantling of Eurohypo has been set, a Commerzbank spokesman told PropertyEU.
