Latest reports – Page 2874
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News
Aberdeen to liquidate €1.5bn Degi property fund in Germany
Announcement ends speculation over future of vehicle suspended since November 2009.
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News
Ireland's NAMA offers pension funds 70% finance on repackaged properties
Agency sees significant interest 'right across globe' from pension funds and SWFs.
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PropertyEU Archive
CBRE sees 21% revenue increase in Q3
New York-listed real estate services firm CBRE saw revenue rise 21% to $1.5 bn (EUR 1 bn) in the third quarter despite the financial and economic uncertainty. The positive figure - which compares to some $1.3 bn in Q2 2010 - was mostly driven by strong growth in outsourcing, which ...
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PropertyEU Archive
Hammerson offloads remaining 24% of O'Parinor
UK REIT Hammerson has agreed to exercise its option to sell a further 24% interest in O’Parinor shopping centre, Aulnay-sous-Bois, near Paris to Rockspring Property Investment Managers acting on behalf of Korean pension fund NPS. Hammerson's net proceeds from the sale total EUR 106 mln.
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PropertyEU Archive
LGP announces internal restructuring
Legal & General Property (LGP) has announced a restructuring of its senior management team to support the growth of its business.
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PropertyEU Archive
St Modwen seeks planning permission for Etruria Valley
UK regeneration specialist St Modwen has submitted an outline planning application for the latest phase of its Etruria Valley development in Stoke-on-Trent in the UK.
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PropertyEU Archive
Cordea Savills launches prime London resi fund
Cordea Savills is launching the Prime London Residential Development Fund to capitalise on opportunities created by the development 'funding gap'. The vehicle - which is targeting an IRR of 18-20% per annum - will have a target size of £250 mln (EUR 285 mln) with the first closing scheduled for ...
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PropertyEU Archive
Investment opportunities increase in London and Paris
The number of commercial investment properties being brought to the market in Europe has increased since the end of the summer, with £6.5 bn (EUR 7.4 bn) of offices for sale in Central London alone, according to the latest report from global property adviser CBRE.
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PropertyEU Archive
Germany 'natural' next place to go for SWFs
Availability of senior financing for real estate will remain tight for the next four to six years, John Carrafiell, managing partner of GreenOak Real Estate, said during a panel discussion at the inaugural DIC Asset Investors Day in Frankfurt on Thursday. ‘Banks have no choice but to shrink their balance ...
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PropertyEU Archive
Echo Investment sells Polish shopping centre for EUR 24m
Echo Investment has sold the Echo shopping centre in Pabianice, Poland to local investor PH 3 for nearly EUR 24 mln.
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PropertyEU Archive
Multi's Königsgalerie Duisburg opens its doors
Multi Development's Königsgalerie Duisburg shopping centre opened its doors last week following a two-year redevelopment involving an investment of EUR 80 mln.
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PropertyEU Archive
European commercial property recovery continues: C&W
Despite the deepening of the debt crisis, European property investment markets saw trading volumes rise in Q3 to EUR 28.8 bn, according to the latest research from Cushman & Wakefield. The figure represents a 5% increase on the previous quarter and a 12.3% rise on the year-to-date.
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PropertyEU Archive
Investor trio buys Carré Bréguet project in Paris
A joint venture of Stam Europe, AEW Europe and Tristan Partners has signed a forward purchase contract for the Carré Bréguet development project in the 11th arrondissement of Paris for EUR 110 mln. The vendor is Crédit Agricole Immobilier.
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PropertyEU Archive
Blackstone launches Polish retail fund
US private equity group Blackstone is launching King's Street Retail, a fund investing in Polish retail assets.
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PropertyEU Archive
Real estate stocks 'likely to produce outsize returns'
Global real estate stocks are emerging from the recession leaner, better financed, and well-placed to take advantage of the expected pick-up in demand for commercial property space when economic recovery gathers pace, equity specialist AXA Framlington said in new research report.
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PropertyEU Archive
Neinver opens outlet centre in Krakow
European outlet centre operator Neinver has announced the opening of the Futura Park shopping scheme in Krakow, Poland's second-largest city. The centre, which welcomed a total of 28,000 visitors on its first day of trading, consists of a retail park and a factory outlet centre, with a total GLA of ...
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PropertyEU Archive
MSREF set to buy EUR 204m Teal portfolio - report
Morgan Stanley Real Estate Funds is said to be closing in on the purchase of a £180 mln (EUR 204 mln) portfolio of industrial properties from Prologis.
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PropertyEU Archive
Economic risk reduction drives corporate sustainability: IVG
Reducing economic risk is the major driver for committing to corporate sustainability, followed by improvement of image and increased productivity, according to a new survey carried out by listed German property company IVG Immobilien.
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PropertyEU Archive
Holiday Inn to operate KPP hotel in Poland
InterContinental Hotels Group has become the operator of the hotel being built by Keen Property Partners Retail next to its Galeria Victoria retail and entertainment complex in Wa³brzych in southwestern Poland.
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PropertyEU Archive
TIAA-CREF buys Munich mall for record low yield
TIAA-CREF, the pension fund manager for teachers in the US, has signed a preliminary agreement to buy a shopping centre in Munich for about EUR 415 mln, according to those who track the market. The price reflects a net initial yield of 4.6%, which is a record low for prime ...
