Latest reports – Page 2882
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PropertyEU Archive
AXA REIM acquires London hotel for EUR 44m
AXA Real Estate Investment Managers has completed the acquisition of the IBIS London City Hotel on behalf of the Co-operative Insurance Society (CIS) for £38.35 mln (EUR 44 mln). The vendor was Mangrove Securities.
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PropertyEU Archive
Crimson Hotels buys Hesperia London Victoria hotel
UK-based Crimson Hotels has acquired the Hesperia London Victoria hotel from Spanish hotel operator Hesperia, advised by CBRE Hotels. The financial details were kept confidential, but CBRE said that the sale was in line with current market values. London Victoria was Hesperia's only UK asset.
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PropertyEU Archive
Retail investments dominate in September
Retail proved to be the flavour of the month among real estate investors in Europe during September, accounting for EUR 2 bn, or 37% of the overall volume of the top 50 investment deals recorded by PropertyEU.
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PropertyEU Archive
HSH Nordbank to sell 45% of Europa Passage - report
German bank HSH Nordbank is planning to sell its 45% stake in the EUR 430 mln Europa Passage shopping centre in the centre of Hamburg , according to a news report in the Hamburger Abendblatts. The sale could fetch around EUR 200 mln, according to the paper.
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PropertyEU Archive
CBRE Hotels picked to sell Le Meridien in Paris
CBRE Hotels has started the marketing process for France's largest hotel, Le Meridien Etoile Hotel in Paris, the company confirmed to PropertyEU. The asset has a value of around EUR 350 mln and is owned by London-based Starman Hotels.
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PropertyEU Archive
Rockspring client buys student scheme in London
Rockspring Property Investment Managers has acquired a student accommodation scheme in London from UK property company Quintainon on behalf of a discretionary single client account.
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PropertyEU Archive
Dutch EUR 865m office portfolio attracts seven offers
The special servicer division of German financier Eurohypo has received seven indicative cash bids for the Dutch Uni-Invest office portfolio and is moving forward to collect binding offers by mid-December.
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PropertyEU Archive
Leeming joins C&W's UK office agency team
Global property adviser Cushman & Wakefield has appointed Tom Leeming as a partner and head of its UK National Office Agency team. He joins Cushman & Wakefield after seven years with Jones Lang LaSalle.
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PropertyEU Archive
Redevco names Eggenkamp as CFO
Redevco has appointed Marcel Eggenkamp as chief financial officer of Redevco. He formally began as CFO on 1 October after filling the position in an interim capacity for the past 4 months, following the departure of former CFO Dennis de Vreede.
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PropertyEU Archive
Malmaison CEO steps down
MWB, the UK-listed hotels and serviced office group, said on Thursday that Robert Cook is stepping down from his position as CEO of its boutique hotels business.
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PropertyEU Archive
Overseas buyers will continue to invest in London: C&W
Whilst uncertainty about the global economy is affecting levels of investment in commercial property in London, the West End saw relatively strong volumes in Q3 2011, according to global property consultant Cushman & Wakefield. With the potential for rental growth continuing to attract overseas and domestic investors' attention, there were ...
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PropertyEU Archive
Grand City in talks to buy Munich's JK Wohnbau
Listed Munich residential firm JK Wohnbau has confirmed that it has received an offer from Berlin-based Grand City Property Group aimed at taking control of the company. According to news reports, Grand City - which is owned by Israeli investors - is offering up to EUR 10 per share valuing ...
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PropertyEU Archive
JLL appoints MD for EMEA corporate finance team
Global property adviser Jones Lang LaSalle has confirmed that Philip Marsden is to become a managing director in the firm's EMEA corporate finance team and will look after business development across EMEA alongside Andreas Quint.
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PropertyEU Archive
Cerberus-Whitehall to place half of their stake in GSW
GSW's majority shareholders Cerberus and Whitehall said they are planning to sell 8.2 million shares in the Berlin-based residential property company.
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PropertyEU Archive
Kroot joins management of EUR 1.1b Dutch retail fund
ASR Real Estate Investment Management has appointed Michiel Kroot as fund controller for its Dutch Prime Retail Fund. Kroot will form the dedicated fund management team for the ASR Dutch Prime Retail Fund together with fund operations manager Bart Vink and fund director Bas Tiemstra.
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PropertyEU Archive
INREV strengthens public affairs team
INREV, European Association for Investors in Non-Listed Real Estate Vehicles, has strengthened its public affairs team with two apppointments. Andreas Guth has been named public affairs manager and Claudia Kapp is the research manager.
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PropertyEU Archive
David Hunt named CEO of Pramerica Investment Management
David Hunt has been named chief executive officer of Pramerica Investment Management. Hunt joins from McKinsey & Company, where he was a senior partner and co-leader of its North American Asset Management practice.
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PropertyEU Archive
Immofinanz opens Silesia City Centre's extension
Austrian listed property group opened the extension this week to its Silesia City Center retail scheme in the Silesia region of Poland.
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PropertyEU Archive
Global investment up 36% in Q3 despite sovereign debt crisis
Global direct real estate investment volumes in the third quarter of 2011 totalled $99 bn (EUR 72 bn), up 36% on the same period in 2010, according to figures released on Thursday by Jones Lang LaSalle.
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PropertyEU Archive
First tenant moves into Segro's SBU in Lodz
ABB, part of the world’s leading power and automation technology group, has become the first tenant at Segro’s small business unit (SBU) project located within Tulipan Park in the Polish city of Lodz.
