Latest reports – Page 2973
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PropertyEU Archive
IC to manage nine properties for UK investor
IC PropertyOne Asset und Real Estate Management has taken over the property management for a total of nine assets belonging to British investor IM Properties in Germany.
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PropertyEU Archive
DIC Asset raises EUR 70m through straight bond
Frankfurt-based property group DIC Asset AG has raised EUR70mln through a straight bond, beating its minimum target of EUR 60 mln but falling short of the upper target of EUR 100 mln.
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PropertyEU Archive
SGP confirms DTZ bid talks
French family-run business SGP has confirmed that it is in talks about a potential bid to buy London-listed global real estate advisory firm DTZ. The French company already owns 55% of DTZ.
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PropertyEU Archive
Kusnier joins C&W Hospitality team
Michal Kušnier has become Hospitality analyst for the CEE region in Cushman & Wakefield. Kušnier will work on investment transactions, operator selections, valuations, and development advisory for within the team.
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PropertyEU Archive
UK commercial property growth slows in Q1
UK commercial property returns fell to 2.3% in the first quarter of 2011 as the re-pricing from the downturn continued, according to the IPD UK Quarterly Property Index. The rate of capital growth fell by 50 basis points to 0.8%.
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PropertyEU Archive
NR Nordic & Russia sells in Stockholm
NR Nordic & Russia Properties has entered into an agreement to sell Katthavet 8, its only remaining real estate asset in Stockholm, to local property company Balder. Although the transaction price was not disclosed, the disposal is said to amount to SEK 400-450 mln (roughly EUR 50 mln). The transaction ...
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PropertyEU Archive
Immofinanz takes control of Moscow mall project
Listed real estate company Immofinanz announced it has acquired the remaining 25% stake it did not already own in GoodZone, a shopping centre project under construction in Moscow. Immofinanz and the vendor agreed not to disclose the price.
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PropertyEU Archive
British Land restructures development team
UK REIT British Land has restructured its development team to reflect the increasing importance of the activity for the company in the next few years.
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PropertyEU Archive
Schomberg apppointed to WGF supervisory board
Integrated German property company WGF has appointed real estate expert and management consultant Bärbel Schomberg to its supervisory board.
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PropertyEU Archive
Pbb provides EUR 22m facility to Pradera CEE fund
German lender pbb Deutsche Pfandbriefbank has provided a facility of about EUR 22 mln to the Pradera Central & Eastern Fund for the acquisition of a shopping centre in the Polish city of Gdansk.
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PropertyEU Archive
DTZ 'in discussions' after takeover approaches
Global real estate adviser DTZ has confirmed it is holding talks with various parties after receiving 'a number' of takeover approaches. DTZ made the announcement to the London Stock Exchange on Wednesday after the company's share price increased by almost 15% during the day.
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PropertyEU Archive
Ascott buys Paris properties for EUR 65m
Ascott, the wholly-owned serviced residence business unit of Singapore's CapitaLand, is acquiring a hotel and adjacent vacant residential property in Paris for about EUR 65 mln. Ascott plans to combine and transform the freehold properties into a serviced residence to be named Ascott Arc de Triomphe Paris. The transaction involves ...
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PropertyEU Archive
Deutsche Hypo names new head of Paris branch
German lender Deutsche Hypo has appointed Anne-Isabelle Carbonnière to lead its Paris office, with full responsibility for the bank's activities in France. The appointment of Carbonnière (39) follows the retirement of Lionel Cavin, who left the company at the end of last year.
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PropertyEU Archive
Horizon fund buys vacant building in Paris
Horizon French Property Partnership I, advised by Horizon Investment Management, has acquired a 6,500-m[sup]2[/sup] vacant building in the 17th arrondissement of Paris that was formerly occupied by Prisma Presse. The vendor was Pramerica.
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PropertyEU Archive
Inter-regional capital flows increase 70% in Q1: JLL
Cross-border direct commercial real estate investment volumes reached $37 bn (EUR 26 bn) in Q1 2011, up 25% from a year ago, according to the latest Global Capital Flows report from Jones Lang LaSalle.
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PropertyEU Archive
Renaissance to list on Istanbul Stock Exchange
Turkish-Russian developer Renaissance Real Estate Investment (RGY) has announced that it will list its shares on the Istanbul Stock Exchange on 20 May. It hopes to raise EUR 176 mln to EUR 258 mln in its initial public offering.
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PropertyEU Archive
CBRE to manage BA's global property portfolio
British Airways has appointed CB Richard Ellis (CBRE) to manage its 790,000 m[sup]2[/sup] global property portfolio, including more than 650,000 m[sup]2[/sup] in the UK.
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PropertyEU Archive
Ciloger shops in Paris and Nancy
French fund manager Ciloger said that it has bought two neighbourhood retail assets in Paris and Nancy. The company has purchased a retail asset let to L'atelier Agapé in the sixth arrondissement of the French capital as well as a city-centre property in Nancy, leased to Picard.
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PropertyEU Archive
Aareal eyes new business as lending profits grow
German lender Aareal Bank reported an operating profit of EUR 43 mln for its structured property financing business in the first quarter of 2011, up from EUR 24 mln in the same period last year and EUR 31 mln in the last three months of 2010.
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PropertyEU Archive
Cofinimmo acquires 5 Belgian nursing homes for EUR 47m
Brussels-listed real estate company Cofinimmo has announced the acquisition of five nursing homes in Belgium for EUR 47 mln. The deal involved Cofinimmo buying all the shares of Dexia Immorent, the holding company for the various companies that owned the assets.
