Latest reports – Page 2902
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PropertyEU Archive
Opin sells Moscow shopping centre project
Russian listed real estate developer Opin is divesting the Raikina shopping centre project in Moscow for $50 mln (EUR 36 mln). The project involved the redevelopment of one of two municipal buildings previously occupied by a cultural centre into a 70,000-m[sup]2[/sup] shopping and entertainment centre. The second building will be ...
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PropertyEU Archive
Goodman sells 10 hectares in Birmingham
Global property group Goodman has agreed to sell a plot of land at its Birmingham Business Park to Aero Engine Controls, the joint venture between Rolls-Royce plc and Goodrich Corporation.
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PropertyEU Archive
PREI expands presence in Asia Pacific
Prudential Real Estate Investors (PREI) has increased its Asia-Pacific presence by hiring several professionals for its Singapore-based Asian arm.
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PropertyEU Archive
STE sells Grenoble office
French real estate investment trust Société de la Tour Eiffel has completed the sale of Viseo, a modern 11,500 m[sup]2[/sup] office complex in the Montbonnot scientific park, situated to the north of Grenoble, for EUR 19 mln.
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PropertyEU Archive
DTZ sets deadline for SGP-BNP Paribas bid
International real estate broker DTZ has given its majority shareholder, St George Participations (SGP), and BNP Paribas a month to launch a takeover offer or walk away. DTZ has been in discussions with both parties since early May about a potential bid.
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PropertyEU Archive
REI buys Midlands properties at 12% yield
Real Estate Investors, the AIM-listed property group based in the West Midlands, has acquired three properties for a total of £13.05 mln (EUR 15 mln) in cash.
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PropertyEU Archive
Echo granted EUR 18m funding for Szczecin outlet centre
Polish developer Echo Investment has concluded a credit agreement valued at EUR 18 mln with PKO BP bank. The acquired funds will be allocated to the development of Outlet Park Szczecin - the first outlet centre in the West Pomeranian region in Poland.
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PropertyEU Archive
SEB acquires office building in Helsinki
SEB Asset Management has acquired the Säterinkatu 6 office building in the Helsinki Metropolitan Area. The vendor is Finnish insurance group OP Life Assurance.
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PropertyEU Archive
Topland completes financing deals in UK resi sector
Topland, the international investment group, has completed its first two financing deals in the UK with Wolsey Securities, a specialist in residential development finance.
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PropertyEU Archive
Redevco begins refurbishment in Glasgow
International private real estate company Redevco has begun the refurbishment of the 8,400 m[sup]2[/sup] George House office building in George Square, Glasgow.
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News
Investor retreat from CEE real estate a 'mistake', says S-Immo
Austrian firm to hold existing assets and increase investment in Bucharest.
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News
Slovakia the 'new Czech Republic' for retail property, says C&W
Second most developed country in region has also been fastest growing since 2001.
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News
Danish pension scheme PKA to boost global property investment
PKA investing in SPF II fund run by Danish investment manager Sparinvest.
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News
PGGM keeps silent on student hall acquisition rumours
Dutch manager rumoured to be in talks with Barclays Capital over its 80% UPP shareholding.
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PropertyEU Archive
Unibail Rodamco sells in Paris for EUR 140m
Generali France Immobilier has purchased an office complex at 3-5, boulevard Malesherbes in the eigth arrondissement of Paris for a price of over EUR 139 mln. The vendor is Franco-Dutch property group Unibail Rodamco.
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PropertyEU Archive
UBS to launch EUR 1b European core fund
UBS Global Asset Management is about to announce the launch of a EUR 1 bn special real estate fund targeting core properties across Europe, an UBS spokesperson confirmed to PropertyEU on Thursday. The vehicle, called UBS (D) European Mega Core Property Fund, has already made its first investment with the ...
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PropertyEU Archive
CBRE adds to its retail team in Berlin
CB Richard Ellis has announced the appointment of Alexander Torwegge as senior consultant in its Berlin office's retail team. Torwegge has been active for eight years in the retail leasing department and previously served as head of the retail team of Engel & Völkers in Berlin.
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PropertyEU Archive
Porschke returns to his 'property roots' at JLL
Frank Pörschke sees his new role as CEO at Jones Lang LaSalle Germany as an opportunity to get back to his ‘property roots’ following a four-year stint in banking. Pörschke, who left Eurohypo as CEO at the end of August by mutual consent, will officially join JLL as CEO on ...
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PropertyEU Archive
Non-listed funds catch up with wider economy: INREV
Total returns for all non-listed real estate funds suffered a significant drop from 1.5% to 0.8% in local currency in the second quarter of 2011, according to the latest INREV Quarterly Index. Capital growth moved sharply down from 1.0% to 0.2%, marking a backwards step from the first quarter ...
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PropertyEU Archive
Polish railway offers land plots in central Warsaw
Polish state railway group PKP is offering for sale three plots of land located at the Chmielna and Al. Jana Paw³a II streets in the city centre of Warsaw. The combined asking price amounts to PLN 190 mln (EUR 40 mln).
