Latest reports – Page 2835
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PropertyEU Archive
Savills expands German business with Cologne office
International real estate adviser Savills has opened a new office in Cologne with a five-strong team recruited from BNP Paribas Real Estate as part of a wider growth strategy in Germany.
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PropertyEU Archive
Deutsche Pfandbriefbank finances Spanish retail parks
German lender pbb Deutsche Pfandbriefbank has provided a EUR 61 mln loan for two Spanish retail and leisure parks owned by subsidiaries of the Pillar Retail Europark Fund (PREF). The fund is managed by BL European Fund Management and is part-owned by UK REIT British Land.
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PropertyEU Archive
C&W poaches DTZ director to head Italian office agency
Cushman & Wakefield has appointed Peter Leyburn as a partner and head of its Italian office agency.
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PropertyEU Archive
Beni Stabili fund buys office scheme for EUR 42m
Italian REIT Beni Stabili has announced that its closed-end real estate investment fund Melograno has completed the acquisition of a property in Milan for EUR 42 mln. The vendor was not disclosed.
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PropertyEU Archive
Tour Eiffel leases 11,000 m[sup]2[/sup] in Vélizy tower
French REIT Société de la Tour Eiffel has completed the leasing of its latest development project - the Topaz tower in Vélizy, near Paris.
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PropertyEU Archive
UK student property group boosts NAV 6% over 2011
Student accommodation company Unite Group on Tuesday reported the estimated net asset value of its UNITE UK Student Accommodation Fund rose to £0.857 (EUR 1) per unit at the end of last year, reflecting an increase of 1.8% during the fourth quarter and 6.1% over the year.
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PropertyEU Archive
Union AM leases 70% of MainTor Porta
DIC has finalised the lease of around 14,000 m[sup]2[/sup] (or roughly 70% of the entire lettable area) of its MainTor Porta office complex in Frankfurt to Union Asset Management Holding.
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PropertyEU Archive
CA Immo secures refinancing for City Gate in Budapest
CA Immo has secured a EUR 27 mln refinancing package with UniCredit Bank Austria for its City Gate complex in Budapest.
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PropertyEU Archive
Thaker steps down from Deutsche Pfandbriefbank
Harin Thaker, head of real estate international, will leave pbb Deutsche Pfandbriefbank at the end of January. His responsibilities will be taken over by Bernhard Scholz until a replacement has been found.
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PropertyEU Archive
WELPUT buys Warner Bros London headquarters
The West End of London Property Unit Trust has acquired the freehold of 98 Theobalds Road, London for £65 mln (EUR 81 mln) from US property firm Crescent Heights. The deal reflects a net initial yield of 5.94%.
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PropertyEU Archive
Auchan buys 49% of EUR 1b Italian retail JV
French hypermarket group Auchan has bought the remaining 49% stake it did not already own in Gallerie Commerciali Italia, a retail property partnership with US retail REIT Simon Property Group.
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PropertyEU Archive
European property investment climbs by a third in 2011
European retail real estate investment volumes will reach EUR 28bn in 2011, an increase of around 35% on 2010 despite the continuing economic uncertainty, according to consultancy Jones Lang LaSalle.
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PropertyEU Archive
KPMG takes space in Gdansk’s Opera Office
Consultants and accountancy group KPMG has signed an agreement to lease part of the Opera office building in Gdansk.
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PropertyEU Archive
Engel & Völkers books record year
German property adviser Engel & Völkers Group booked record overall commission revenues of over EUR 200 mln last year, the company said on Tuesday.
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PropertyEU Archive
Law firm signs up for maxCologne project
German law firm GÖRG has signed a deal to take 6,800 m[sup]2[/sup] of space in the maxCologne-Rheinetagen project, developer Hochtief Projektentwicklung said in a statement on Tuesday.
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News
Pension schemes pour into AXA Real Estate's €2.5bn development fund
Pension funds make up more than half of investors committing €588.5m in final closing of fund.
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News
German pension fund acquires Berlin office building through iii
Unnamed Versorgungswerk snaps up office building near former 'Checkpoint Charlie'.
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News
Property deal roundup
Regent Street Partnership, NBIM, Crown Estate, Clarion, Union, Henderson, Land Securities
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News
Cash-rich Asian SWFs buying up City, says Cushman & Wakefield
Buyers targeting 'large, shiny' income-producing buildings with price tags above £100m.
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PropertyEU Archive
Government action key to Irish commercial property sector
The ongoing eurozone crisis and market volatility will continue to dominate the Irish commercial property market over the next 12 months but local economic, financial and political decisions will be the main drivers of pricing and transaction volumes, according to a new report by CBRE.
