Latest reports – Page 2918
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PropertyEU Archive
Morgan Stanley sells 3 Munich properties for EUR 36m
German asset manager Corpus Sireo has sold three office properties in Munich on behalf of Morgan Stanley. The investment volume for the assets that provide 23,000 m[sup]2[/sup] of floor space came to EUR 36 mln.
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PropertyEU Archive
Trigranit gets building permit for EUR 160m Poznan project
CEE real estate developer TriGranit has received the green light to begin construction on its EUR 160 mln development project in Poznan, Poland. The groundbreaking ceremony is scheduled for the end of September, the company said in a statement.
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PropertyEU Archive
Vasakronan buys office building in Malmo
listed property firm Vasakronan has acquired the Koggen 2 office development project in Malmö, Sweden for SEK 246 mln (EUR 27 mln). The vendor is
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PropertyEU Archive
Delek RE's shareholder to sell 51% stake
Israeli debt-laden property company Delek Real Estate said that its majority shareholder has signed a preliminary agreement to sell its 50.8% stake in the company to an unnamed foreign investment fund.
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PropertyEU Archive
Andrew Michael re-joins CBRE's hotel valuation team
CB Richard Ellis (CBRE) has announced that Andrew Michael is re-joining its hotel valuations team.
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PropertyEU Archive
Picton in merger talks with Invista trust
Picton Property has made a non-binding offer to merge with the £371 mln (EUR 427 mln) Invista Foundation Property Trust.
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PropertyEU Archive
Pbb Deutsche Pfandbrief grants EUR 80m refinancing to Tamar
German lender pbb Deutsche Pfandbriefbank has provided an EUR 80 mln extension to loan facilities made available to Tamar European Industrial Fund (TEIF). The facilities, which have been reduced from EUR 88 mln to EUR 80 mln following the sale of an asset in Norway will be extended for a ...
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PropertyEU Archive
Scandic, Pandox agree EUR 173m investment in Nordic hotels
Swedish hotel property group Pandox is teaming up with Nordic hotel operator Scandic to invest SEK 1.6 bn (EUR 173 mln) in the upgrade and redevelopment of 40 existing hotels with 4,000 rooms in the Nordic countries.
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PropertyEU Archive
Morgan Stanley to become Orco's largest shareholder
Morgan Stanley Real Estate Investing (MSREI) is to swap its stake in Orco Germany for an interest in the parent company, Orco Property Group, in a deal which will make it the largest shareholders in the Euronext-listed CEE real estate developer.
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PropertyEU Archive
Unibail-Rodamco names new managing director for Benelux
Unibail-Rodamco has named John van Haaren to lead its activities in the Benelux region. Van Haaren was previously CEO of Corio's Netherlands office. He will join Unibail-Rodamco as regional managing director for the Netherlands on 1 September, succeeding Edwin Turksma, who is resigning from his post on 1 October. Van ...
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PropertyEU Archive
CLS Holdings appoints non-executive director
CLS Holdings has announced the appointment of Brigith Terry as a non-executive director with immediate effect.
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PropertyEU Archive
Savills' Belfast office doubles in size
Savills has announced the expansion of its Belfast office with the addition of the team from Myles Danker to create a full suite of commercial property services including agency, professional services and property management. The move sees Savills Belfast expand from six to 12 people.
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PropertyEU Archive
Aberdeen to liquidate Degi Global Business by 2014
Aberdeen Asset Management announced plans on Thursday to dissolve its Degi Global Business open-ended real estate fund by June 2014. The company said it will undertake an 'orderly disposal' of the fund's portfolio, which currently comprises 11 assets valued at EUR 254 mln.
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PropertyEU Archive
German investors shift focus to domestic market: CBRE
Commercial real estate investors from Germany remain significant players in the European property market, but are increasingly focusing on their home market, according to the latest data from CB Richard Ellis (CBRE).
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PropertyEU Archive
Minerva accepts Area, Delancey's £203m offer
The vast majority of shareholders in UK property developer Minerva have accepted a cash offer from a consortium led by Delancey and Area Property Partners in a deal which values the debt-laden company at about £203 mln (EUR 233 mln).
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PropertyEU Archive
Resolution JV to invest EUR 250m in Copenhagen
European fund manager Resolution Real Estate Advisors is partnering with Saxo Properties, the property investment arm of Copenhagen-based Saxo Bank, to invest up to EUR 250 mln in the central business district of the Danish capital.
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PropertyEU Archive
Europa Capital acquires Flexspace from Safeland
Europa Capital's Fund III has entered into a joint venture with Ream Capital Partners and completed the £26 mln purchase of a portfolio of flexible workspace assets from Safeland.
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PropertyEU Archive
Beck named COO at Union Investment Real Estate
Union Investment Real Estate has announced that Heiko Beck is joining the management team of the Hamburg-based property fund manager from 5 September. Beck, whose doctorate is in law, will fill the newly created role of chief operating officer (COO). He will be responsible for financial controlling, accounting, law and ...
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PropertyEU Archive
DTZ's Hardman joins Cushman & Wakefield
Douglas Hardman, former head of DTZ's investment team in EMEA, has been named as a partner in Cushman & Wakefield's EMEA capital markets team.
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PropertyEU Archive
Commerz Real sells office scheme in Canada
Germany's Commerz Real has just sold the Stampede Station office scheme in Calgary, Canada, from the portfolio of its hausInvest open-ended real estate fund. The asset was acquired by local investor Artis REIT for a total of CA$90 mln (EUR 63 mln).
