Latest reports – Page 2842
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PropertyEU Archive
Bank club provides EUR 400m credit line to GELF
ING Bank, BNP Paribas and Royal Bank of Scotland have acted as joint mandated lead arrangers for a EUR 400 mln revolving credit facility for Goodman European Logistics Fund (GELF) as part of a broader strategy to increase the fund size and scope.
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PropertyEU Archive
Italy's Castello Sgr buys Unicoop supermarkets
Italian fund management firm Castello Sgr has bought a portfolio of 10 Coop supermarkets for close to EUR 50 mln, reflecting a yield of around 7%. The vendor was retailer Unicoop Tirreno.
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PropertyEU Archive
MAGAZINE: Box shops come to Europe
Pop-up stores have already sent the retail establishment reeling, but it is set to be rocked again by another revolutionary phenomenon: the pop-up mall.
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News
CalPERS acquires stake in East Coast underwater power line
Californian pension fund buys 65-mile power line from Arclight Capital Partners.
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News
Infrastructure roundup: Ilmarinen, 3i, GS, BAA, Edinburgh Airport, USS, M&G
Finland's Ilmarinen contributes 10% to purchase of domestic electricity-distribution firm.
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News
Hermes offloads logistics fund to insurer-backed Segro joint venture
Segro and private equity manager Moorfield agree to pay £315m for UK Logistics Fund.
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News
Outlook for Chinese property sector 'negative', says Moody's
Rating agency's 18-month forecast cites downward pressure on prices, tightening bank credit
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News
ATP direct property division to expand Aalborg shopping centre
ATP Ejendomme appoints NCC Construction to build onto Aalborg Storcenter.
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News
Internos to sell Invista assets – but timing 'not yet conducive'
Market uncertainty likely to stall execution of mandate to offload 41 remaining assets.
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PropertyEU Archive
Deka buys logistics property from Gazeley
German fund manager Deka Immobilien has acquired a logistics warehouse in Kassel from developer Gazeley for around EUR 35 mln. The 47,000 m[sup]2[/sup] property was bought for Deka's WestInvest TargetSelect Logistics fund and is fully leased to SMA Solar Technology.
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PropertyEU Archive
SEB postpones re-opening of ImmoInvest fund
SEB Asset Management said on Monday it is postponing the re-opening of its EUR 6.3 bn SEB ImmoInvest open-ended real estate fund to next year as a result of the ongoing debt crisis and its impact on SEB's disposal programme.
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PropertyEU Archive
BNP Paribas to manage Allianz Belux portfolio
BNP Paribas Real Estate Property Management has been mandated by German insurer Allianz to manage its entire property portfolio in Belgium and Luxembourg.
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PropertyEU Archive
Segro, Moorfield snap up UK logistics fund for EUR 375m
A 50-50 joint venture of industrial REIT Segro and private equity fund manager Moorfield has acquired the UK Logistics Fund (UKLF) for £315 mln (EUR 375 mln) from Hermes Real Estate Investment Management, Legal & General and LaSalle Investment Management. The purchase price represents a net initial yield of 6.3%.
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PropertyEU Archive
Altarea sells Vichy mall for EUR 38m
Suravenir, the life insurance arm of Groupe Crédit Mutuel Arkéa, has acquired Les Quatre Chemins shopping centre in Vichy, Central France, from listed retail specialist Altarea Cogedim for EUR 38 mln.
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PropertyEU Archive
NSI to pull out of Swiss market
Dutch listed property firm NSI is planning to sell its entire property portfolio in Switzerland as part of a major strategic refocusing following its merger earlier this year with VastNed Offices / Industrial.
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PropertyEU Archive
Deutsche Pfandbriefbank extends Aurelis loan
A consortium of banks led by pbb Deutsche Pfandbriefbank has extended an investment finance loan of around EUR 700 mln to Aurelis Asset ahead of schedule.
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PropertyEU Archive
Union forward-funds Cardiff office scheme
German fund manager Union Investment Real Estate has bought the new office headquarters due to be built for Admiral Group in Cardiff by Stoford Developments for £59 mln (EUR 70 mln). The deal will reflect a net initial yield of 5.85%.
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PropertyEU Archive
MAGAZINE: New recruits head east
Brokerage firms followed the economic tide in 2011, beefing up staff resources in profitable markets and scaling them back in ones where business deteriorated.
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PropertyEU Archive
CBRE buys logistics space near Frankfurt airport
CBRE Global Investors has acquired 13,000 m[sup]2[/sup] in the Mönchhof multi-park industrial and logistics complex located near Frankfurt airport. The investment volume was not disclosed.
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PropertyEU Archive
CEE property investment set for record year: CBRE
Commercial property investment volumes in Central and Eastern Europe (CEE) came in at EUR 8.7 bn at the end of November 2011, twice the level registered in the same period in 2010, according to the latest data from CBRE.
