Latest reports – Page 2968
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PropertyEU Archive
Prime Office plans to list as G-REIT
Germany's Prime Office said on Monday that it is planning to launch an Initial Public Offering (IPO) on the Frankfurt and Munich stock exchanges this summer beforing converting to a tax-transparent real estate investment trust (REIT).
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PropertyEU Archive
Minerva confirms takeover talks
London-listed property company Minerva has confirmed it is in 'advanced discussions' with a number of parties regarding a possible takeover of its £1bn struggling development business.
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PropertyEU Archive
British Land's profit rises 3% to £256m
UK REIT British Land saw its profit rise 3% year-on-year to £256 mln in 2010, from £249 mln a year before.
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PropertyEU Archive
Sonae Sierra to manage Italy's Le Isole mall
Portuguese retail specialist Sonae Sierra has reached a property management service agreement for Le Isole shopping centre, located in Gravellona Toce, Italy.
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PropertyEU Archive
Siemens and HIH agree sale-and-leaseback deal
German closed-end fund manager HIH has acquired an office property in Hamburg's Lindenplatz district on behalf of an unnamed institutional investor from electronic giant Siemens. The companies agreed not to disclose the purchase price in the sale-and-leaseback transaction.
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PropertyEU Archive
IVG places structured private placement
IVG Private Funds has created a closed-end fund for the European headquarters of Hermes Logistics Group in the fund manager's first structured private placement. IVG has retained a long-term minority interest in the building and will be responsible for the commercial management of the property and asset management. The financial ...
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PropertyEU Archive
FdR places EUR 550m worth of bonds
French SIIC Foncière des Régions (FdR) has announced the issue of EUR 550 mln worth of convertible bonds due on 1 January 2017.
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PropertyEU Archive
Hesse Newman buys in Brussels for EUR 62m
Hamburg-based closed-end fund manager Hesse Newman has acquired an office building in the Leopold district of Brussels from an unnamed party for around EUR 62 mln.
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PropertyEU Archive
UK CPT acquires leisure scheme for EUR 58m
UK Commercial Property Trust has acquired the Rotunda Leisure Scheme in Kingston upon Thames, UK from Curo Property Funds for £51 mln (EUR 58 mln). The investment volume reflects an initial yield of 6.5%.
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PropertyEU Archive
Pbb posts 3rd profitable quarter in a row
Pbb Deutsche Pfandbriefbank, the core bank of Germany's HRE Group, has posted a pre-tax profit of EUR 52 mln in the first quarter of the year, marking the bank's third profitable quarter in a row, against a backdrop of restructuring that is largely completed.
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PropertyEU Archive
Soric seeks manager for new hotel in Marbella
Specialist hotel real estate broker, Soric International, is seeking a luxury brand and management deal for the 105-room Mountain Spa Marbella, a proposed luxury mountain resort development in Istan, 15 minutes from the Mediterranean coast. The site has spectacular views across Lake Concepcion to the hills of the Unesco-protected Sierra ...
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PropertyEU Archive
IPD European Property Investment Awards 2011: the winners
The Investment Property databank (IPD) presented the 17 winners of its European Property Investment Awards, after the gala dinner reception at its annual European Conference last week. The awards - presented by financial journalist and author Jeroen Smit at Amsterdam's Okura Hotel - recognise outperformance over a three-year period ...
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PropertyEU Archive
SEB ImmoPortfolio Target Return Fund wins IPD award
SEB Asset Management's SEB ImmoPortfolio Target Return Fund was one of the winners of this year's IPD European Property Investment Awards. The open-ended real estate fund has delivered the highest average performance in Germany over the past three years. It has now received the coveted award for the fourth year ...
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PropertyEU Archive
Redevco wins two IPD investment awards
International retail property specialist Redevco has won two awards at the IPD European Property Investment Conference 2011.
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PropertyEU Archive
Immofinanz sells 30% stake in self-storage arm
A subsidiary of Immofinanz has sold its 30% stake in the Austrian self-storage business arm, SelfStorage-Dein Lager Lagervermietungs, to local operator MyPlace SelfStorage Holding for around EUR 34 mln. The closing is scheduled for end-July 2011.
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PropertyEU Archive
SFL issues EUR 500m worth of bonds
French property company Société Foncière Lyonnaise has completed its first EUR 500 mln bond issue. The 4.625% inaugural bond issue is due on 25 May 2016.
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PropertyEU Archive
Peakside fund acquires London office project
Peakside Capital, a specialist European real estate private equity firm, has acquired 80 Hammersmith Road, London from Scottish Amicable Life Assurance Society.
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PropertyEU Archive
Echo gets permit for 25,000m[sup]2[/sup] project in Wroclaw
Echo Investment has obtained a building permit for a 25,000-m[sup]2[/sup] A-class office development in the centre of the Polish city of Wroclaw. The Polish-based development company said that Aquarius Business House offers a range of the latest high-end information and communication technology links, security and access control systems as well ...
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PropertyEU Archive
Pluto and Mountgrange launch resi debt fund
Pluto Capital and Mountgrange have launched a new fund to help finance residential developments in London and the south-east of England. The fund was established through Mountgrange's real estate opportunity fund MoREOF and will be managed by Pluto Finance. It is expected to deploy £50 mln (EUR 57 mln) over ...
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PropertyEU Archive
Strabag issues EUR 175m corporate bond
Austrian property and construction company is issuing a EUR 175 mln corporate bond to be used for general business purposes and improve the company's financing structure. The fixed-interest bond has a term to maturity of seven years and a coupon of 4.75 % per annum.
