Latest reports – Page 2967
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PropertyEU Archive
Echo gets go-ahead for Outlet Park Szczecin
Polish listed property group Echo Investment has received the building permit for the Outlet Park Szczecin, which will be the first outlet centre with an entertainment section in the West Pomeranian region of Poland.
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PropertyEU Archive
Europa Capital appoints eight new partners
Europa Capital, the pan-European real estate fund management group, has appointed eight members of its management team as equity partners in the business.
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PropertyEU Archive
CA Immo, Union sell 2 malls in the Czech Republic
Austria's Ca Immo and Germany's Union Investment have sold two shopping centres in the Czech Republic for a total of around EUR 96 mln, in the largest retail property deal in the country since 2008. The buyer is an unnamed Czech investor.
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PropertyEU Archive
RICS Europe appoints Mayhew to board
The Royal Institution of Chartered Surveyors (RICS) has appointed Robert Mayhew as non-executive member of its Europe Board. This is his second consecutive term and in this position he will ensure that RICS' strategic goals across Europe are achieved.
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PropertyEU Archive
Knight Frank to market Hoxton Hotel London
The Hoxton Hotel in London is to be marketed by property adviser Knight Frank with a guide price of £70 mln (EUR 80 mln).
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PropertyEU Archive
Cordea Savills appoints new director
Cordea Savills, the international property fund manager, has appointed Arnold de Haan as non-executive director. De Haan will provide strategic advice to the Cordea Savills board. He joins David Hunter who was appointed as non-executive director in February 2009.
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PropertyEU Archive
Union Investment sells SMT building in Seoul
German fund manager Union Investment Real Estate has sold the SMT office building in Seoul, South Korea for KRW 100.4 bln (EUR 64.6 mln) to local investor Trust Y7 REIT. The sale price is 70% higher than the original purchase price.
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PropertyEU Archive
Nueva Rumasa's hotel portfolio goes into administration
A portfolio of seven hotel assets on the Balearic islands has gone into administration after its owner, Spain's Nueva Rumasa, defaulted on the loan.
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PropertyEU Archive
AXA Immoselect sells office building in Rome
AXA Real Estate Investment Managers has announced the sale of an office building on Rome's Via Viola on behalf of its frozen AXA Immoselect open-ended fund. The sales price is higher than the asset's market value of around EUR 46 mln and significantly above the price paid by AXA to ...
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PropertyEU Archive
Hines Sgr sells building in Milan for EUR 55m
Hines Sgr has announced the sale of an office building located at Foro Buonaparte 16 in Milan to an unnamed buyer for around EUR 55 mln. The acquisition was made on behalf of Hines' Monte Paschi Hines Real Estate Crescita fund for a price 30% higher than the acquisition investment ...
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PropertyEU Archive
C&W: UK shopping centre investment remains robust
The UK shopping centre investment market had a strong start to the year as it experienced a continuation of the significant activity seen in Q4 2010, according to global property consultant Cushman & Wakefield (C&W).
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PropertyEU Archive
DTZ: European property markets return to growth
Europe's real estate markets turned the corner last year, with invested stock increasing by 4% in marked contrast to the decline of 8% in 2009, according to DTZ's Money into Property 2011 report.
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News
ATP Real Estate invests in debut ECE shopping centre fund
Company also commits €40.2m to Norden IV, an opportunistic fund focusing on Copenhagen.
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News
Australia's Future Fund buys stakes in two buildings
Acquires stakes in buildings in Brisbane as part of plan to expand property portfolio.
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News
Monday people roundup
Rockspring, Europa, C&W, Brookfield, Lend Lease, Terrace Hill, Cordea Savills, NB, Orco, Atrium
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News
Real estate debt could become 'mainstream' asset class
Financing undergoing 'structural shift' that will clear way for institutional investors.
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News
Real estate fund industry begins to mobilise against Solvency II
INREV chairman 'confident' regulators will cut 25% capital charge for insurers holding direct property.
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PropertyEU Archive
Orchard Street acquires EUR 58m industrial portfolio
Orchard Street Investment Management has acquired a portfolio of industrial properties in the south-east of England for a pension fund client. The investment volume of £50.4 mln (EUR 58 mln) reflects a net initial yield of 7.1%.
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PropertyEU Archive
Gazeley develops new logistics park in Brescia
Global logistics developer-operator Gazeley has announced plans to develop a new logistics park on a 25-hectare site in Brescia, northern Italy. Phase I of the Magna Park Manerbio is expected to accommodate up to three build-to-suit facilities totalling 80,000 m[sup]2[/sup].
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PropertyEU Archive
InfraRed buys German logistics assets from Redevco
InfraRed Capital Partners has acquired two logistics facilities in Germany from Redevco Services Deutschland for an undisclosed amount. The properties are earmarked for the company's InfraRed European Active Real Estate Fund.
