Latest reports – Page 2878
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News
Lancashire pension fund offloads industrial portfolio to local schemes
Fund sells UK industrial portfolio to two unnamed local authority schemes for £25.5m.
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PropertyEU Archive
AXA Real Estate completes EUR 23m of sales on behalf of Friends Life
AXA Real Estate Investment Managers has disposed of two properties with a total value of over £20 mln (EUR 23 mln) on behalf of its client, Friends Life Assurance Society Limited.
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PropertyEU Archive
Blackstone eyes European bank property sales
Blackstone is poised to pounce on commercial real estate assets being released by European banks and has $10.1 bn (EUR 7.3 bn) of 'dry powder' to invest property globally, president Tony James said during a conference call on the private equity company´s third quarter results.
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PropertyEU Archive
LGP in EUR 54m leaseback with Tesco
Legal & General Property (LGP) has completed the acquisition of a portfolio of three supermarket stores, located in Quinton, Ludlow and Market Deeping, in the Midlands, in an off market sale and leaseback transaction with Tesco Stores Limited. The portfolio was acquired on behalf of the Legal & General UK ...
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PropertyEU Archive
German investment volumes hit EUR 17b in Q3: Savills
Some EUR 17 bn of commercial property changed hands in Germany in the first nine months of 2011 following a strong third quarter, according to international real estate advisor Savills.
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PropertyEU Archive
China's CIC buys stake in RBS loan portfolio - report
The Chinese Investment Corporation (CIC) is partnering with private equity firm Blackstone to purchase an interest in the £1.4 bn (EUR 1.6 bn) property loan portfolio being sold by the Royal Bank of Scotland.
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PropertyEU Archive
Prelios relaunches fund management unit
Italian property services arm Prelios is giving a boost to its fund management arm with the nomination of Dario Frigerio as CEO and the appointment of a new board.
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PropertyEU Archive
Berkeley Group buys London Beetham tower site
CBRE has finalised the sale of the Beetham Tower project on London's south bank of Thames to the Berkeley Group, the adviser confirmed on Friday.
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PropertyEU Archive
Raiffeisen sells Késmárk office in Budapest
Raiffeisen Real Estate Fund has closed the sale of the Késmárk office building in Budapest to an unnamed private investor. Financial details were not disclosed.
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PropertyEU Archive
German WestImmo sale hits stumbling block
The sale of WestLB's commercial real estate finance unit WestImmo has come to a standstill after German banking association BdB reportedly refused to allow WestImmo into its deposit insurance fund.
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PropertyEU Archive
AXA, MGPA and Eurohypo to build new EUR 132m City offices
AXA Real Estate Investment Managers, MGPA and Eurohypo have set up a joint venture partnership to develop 6 Bevis Marks, a major new 160,000 sq ft (15,000 m2) office development in the heart of the City of London.
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PropertyEU Archive
LGP raises EUR 60m in final close for UK PIF
Legal & General Property (LGP) has announced the final close of its UK Property Income Fund, having secured a further £52 mln (EUR 60 mln) of equity in the last six months.
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News
DTZ launches sale process after SGP drops takeover plan
Company initiates formal sale process after deal with BNP Paribas falls through.
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PropertyEU Archive
Property stocks beat Germany's non-listed options: EPRA
German real estate investors could have realised far better long-term returns if a large, dynamic, listed corporate real estate sector had existed in Germany, comparable with neighbouring economies. That is one of the key conclusions of a recent study commissioned by the European Public Real Estate Association (EPRA) shows.
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PropertyEU Archive
Russia and Turkey drive new developments: C&W
An upturn in shopping centre development in Europe is on the horizon, according to a report from Cushman & Wakefield. Although development has been subdued in some countries for the past few years, improving retailer demand and concerns about potential shortages of prime space are contributing to expectations of a ...
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PropertyEU Archive
European investment up 26% y-o-y to EUR 28.8b: JLL
European commercial real estate investment held up in the third quarter despite the turmoil in financial markets over the summer, according to the latest figures from Jones Lang LaSalle.
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PropertyEU Archive
Estama opens office in Munich
Asset manager Estama has opened an office in Munich in response to growing demand for its services in Germany. The office is the company's first in Bavaria and will be the fifth major regional centre.
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PropertyEU Archive
AXA to liquidate EUR 2.5b German Immoselect fund
AXA Real Estate Investment is liquidating its frozen EUR 2.5 bn Immoselect fund, claiming the European sovereign debt crisis has prevented it from selling enough assets to satisfy the demand among the fund's investors for liquidity.
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PropertyEU Archive
Pbb provides EUR 90m loan for UK assets
pbb Deutsche Pfandbriefbank has provided a £78 mln (EUR 90 mln) facility to subsidiaries of O&H Holdings for a portfolio of Mayfair offices in London, and The Heart shopping centre, Walton on Thames.
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PropertyEU Archive
European retail investment up 38% in Q3: JLL
Retail real estate investment remained strong throughout the summer across Europe, despite the volatile recovery and economic headwinds that continued to face the sector. Direct investment in retail real estate in Europe during Q3 reached EUR 6.7 bn, up from EUR 4.9 bn in Q2 2011 and significantly up ...
