Latest reports – Page 2923
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News
Washington REIT to sell $350m of industrial assets in strategy shift
Washington Real Estate Investment Trust will now focus only on holdings near major transport hubs.
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News
Brazil to regulate local real estate funds to attract foreign investors
Government move comes as funds grow to BRL10bn (€4.35bn) in value over past few years.
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News
Finland's Sponda to focus exclusively on prime real estate
Pension-owned property firm cites 6% rental increase for central business district assets.
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News
Property deal roundup: BVK, Czech Property, AXA, Union, Mercialys
German pension fund BVK acquires building at Königstrasse 31 in Stuttgart.
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PropertyEU Archive
Development completions in CEE at record low: CBRE
The office stock in Central & Eastern Europe grew modestly during the first half of 2011, but development completions remained at the lowest level on record, according to the latest data from CB Richard Ellis (CBRE).
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PropertyEU Archive
Metrovacesa finalises EUR 2.5b refinancing with banks
Spanish listed real estate company Metrovacesa said it has finalised debt refinancing agreements totalling EUR 2.5 bn following a EUR 1.4 bn capital increase last week.
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PropertyEU Archive
CBRE Investors buys retail asset in Oslo
Global real estate investment manager CBRE Investors has acquired a retail asset in the centre of Oslo on behalf of its Pan-European Core Fund (PEC). The financial details were not disclosed.
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PropertyEU Archive
CBRE strengthens crossborder retail teams
CB Richard Ellis (CBRE) has strengthened its Europe, Middle East, and Africa (EMEA) and Asia retail teams with several senior appointments. In Sweden, Magnus Hammar has been appointed to the role of head of Retail and Logistics Advisory and will be based in Stockholm. His experience primarily includes asset management ...
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PropertyEU Archive
Signa picks Hyatt to operate Vienna hotel project
Austrian private investor Signa Group has signed a management agreement with Hyatt Hotels & Resorts for a planned five-star luxury hotel in Vienna's city centre.
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PropertyEU Archive
Land Secs acquires leisure complex for EUR 23m
UK REIT Land Securities has bought a leisure and restaurant complex in the English spa town of Bath in an off-market transaction for £20 mln (EUR 23 mln). The vendor of the 8,300 m[sup]2[/sup] Kingsmead complex is real estate investment company Aprirose.
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PropertyEU Archive
Canary Wharf prelets half of 25 Churchill Place tower
Canary Wharf Group has signed a prelet agreement for half of its 500,000 sq ft (46,000 m2) tower development at 25 Churchill Place in London's Canary Wharf office estate. The European Medicines Agency (EMA) is to occupy 23,000 m[sup]2[/sup] over the promenade, ground and the first nine office floors in ...
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PropertyEU Archive
Kronberg JV makes first purchase in Berlin
Residenz Berolina, a joint venture of Kronberg International and the Medical Association of Styria, has announced the acquisition of a portfolio consisting of 32 properties in Berlin. The vendor is an unnamed Danish family holding company. Financial details were not disclosed.
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PropertyEU Archive
AREOF to buy two shopping parks in Romania
Argo Real Estate Opportunities Fund (AREOF) plans to acquire two Era shopping parks in the Romanian cities of Oradea and Iasi. The closed-ended investment company said the properties will be purchased from funds managed by Argo Capital Management Cyprus, an associate of AREOF's investment manager.
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PropertyEU Archive
Berggruen acquires Berlin portfolio for EUR 130m
Berlin-based IMW Immobilien has signed a contract to sell a portfolio of 24 properties to Nicolas Berggruen, the billionaire owner of the bulk of Karstadt chain of department stores in Germany, for about EUR 130 mln. The sales agreement between IMW and Nicolas Berggruen Berlin Holdings involves all of the ...
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PropertyEU Archive
Picton recruits 5-strong ING UK REIT team
UK-based real estate group Picton is recruiting five employees from ING Real Estate Investment Management in the UK. The five are all members of the team of London-listed ING UK Real Estate Income Trust, which is transforming itself into a self-managed company called Picton Property Income Limited.
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News
Neev Capital targets EU pension funds to invest in Indian infrastructure
Company currently in talks with European pension funds to develop joint ventures.
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News
Aviva launches liability-matching property funds for pensions schemes
Company launches four funds aimed at underfunded schemes scouting fixed income alternatives.
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News
Deceptive complexity: How pension funds use small print to get their way
Shayla Walmsley on how pension funds can use small print to skew deals their way.
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PropertyEU Archive
Colony Capital buys EUR 370m German NPL portfolio
US private equity firm Colony Capital has acquired a portfolio of institutional real estate collateralised non-performing loans (NPL) from four German banks: Eurohypo, Landesbank Hessen-Thüringen, Berlin Hyp and Archon Capital Bank.
