Latest reports – Page 2823
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PropertyEU Archive
OVG appoints new investment chief
Private Dutch developer OVG has named Jeppe de Boer as chief investment officer and member of the board. His appointment is aimed at increasing OVG’s access to the capital markets to secure funds for the company’s international growth strategy.
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PropertyEU Archive
JLL posts record revenues of $3.6b in 2011
International property services firm Jones Lang LaSalle has reported record full-year revenue of $3.6 bn in 2011, up 23% on the same period a year before. The Chicago-based property firm saw profit rise to $164 mln in 2011, compared with $154 mln a year before.
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PropertyEU Archive
RREEF sale edges closer; final bids due this week
RREEF Real Estate, the real estate investment arm of Deutsche Bank’s asset management division, is up for grabs, with a sale expected to be pushed through by the end of June, sources close to the sale told PropertyEU.
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PropertyEU Archive
GTC reworks conditions for EUR 97m of debt
Globe Trade Centers has reached agreement on revising covenants in relation to project finance loans totalling EUR 97 mln.
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PropertyEU Archive
Goodman signs European pre-lets for 1 million m[sup]2[/sup] during 2011
Goodman Group secured just over 1 million m[sup]2[/sup] of new pre-committed logistics developments across Continental Europe in 2011, posting record results in Germany and Poland.
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PropertyEU Archive
German market enters 2012 in ‘pole position’: IVG
German real estate investment volumes in 2012 are expected to match last year’s levels despite the risk of an escalation in the eurozone sovereign debt crisis and its knock-on effect for the economy, according to IVG’s latest Market Tracker report for Germany.
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PropertyEU Archive
Retail assets remain attractive in muted Spanish market: Savills
Spain can expect to see similar muted levels of retail investment in 2012 compared to the 2011 level of EUR 520 mln as the sector continues to see stalled sales, turnover rent performance and continued rental discounts, according to a report by property adviser Savills.
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PropertyEU Archive
C-III completes acquisition of NAI Global
NAI Global, which describes itself as the largest network of independent commercial real estate firms worldwide, has announced that its previously reported acquisition by C-III Capital Partners (C-III) has completed.
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PropertyEU Archive
Multi takes 100% ownership of Italian operation
European retail property developer Multi has taken 100% control of its operations in Italy and rebranded the business unit as Multi Development Italy.
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PropertyEU Archive
Most corporate RE execs expect pay rise in 2012: CoreNet Global
An overwhelming majority - 83% - of professionals who manage corporate real estate portfolios saw increases in their base salary in 2011, according to a global compensation study conducted by CoreNet Global and FPL Associates. This compares to a year earlier when 64% reported an increase in base ...
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PropertyEU Archive
NEPI acquires Timisoara business centre in EUR 80m deal
New Europe Property Investments (NEPI) has acquired City Business Centre (CBC) in Timisoara, Romania. Jones Lang LaSalle, which acted for the seller, described the deal as the largest ever completed in the country's office sector outside Bucharest.
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PropertyEU Archive
UK retailer pays record rent on Bond Street
UK fashion retailer Belstaff has leased 135/137 New Bond Street in its entirety, setting a record for the highest rent paid on the prime London shopping street for a new open market letting.
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News
Investors 'underestimate' difficulty of real estate investment – Partners Group
Non-prime, property debt and secondaries offer better value than core, says manager.
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News
Composition Capital signs joint venture deals to enter Asian property markets
Agreements with local players part of plans to exploit opportunities in Malaysia, Vietnam.
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News
German roundup: Cordea Savills, Patrizia, Deutsche Hypo, HIH, CBRE
Cordea Savills Germany doubles size of company with acquisition of IPAM.
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News
Aviva Investors to 'streamline' itself, focus on 'core' asset classes
Asset manager to target fixed income, property and multi-asset while trimming equities.
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News
Wednesday people roundup
M&G/MGPA, San Francisco, Prudential, John Lang, Pramerica, Bridges, SWIP, Colliers, Redevco
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Magazine
The plot thickens
Opportunistic investors have been scanning the European real estate markets for distressed opportunities for some time, but the euro-zone crisis has made the picture even more complicated, finds Lynn Strongin Dodds
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PropertyEU Archive
Corestate has final close for EUR 400m German fund
Swiss-based private equity group Corestate has announced the final close of its German Commercial Properties Fund.
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PropertyEU Archive
Segro-Moorfield JV completes UK logistics deal
A 50-50 joint venture of industrial REIT Segro and private equity fund manager Moorfield has completed the acquisition of the UK Logistics Fund (UKLF) for £315 mln (EUR 375 mln). The vendors were Hermes Real Estate Investment Management, Legal & General and LaSalle Investment Management.
