Latest reports – Page 2993
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PropertyEU Archive
Pramerica sells in London and Hannover
TMW Pramerica Property Investment, the German arm of Pramerica Real Estate Investors, has divested an office and commercial building in the City of London to an unnamed buyer. The sales price of £65 mln (EUR 74 mln) is 25% above the price Pramerica paid for the building back in 2009.
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PropertyEU Archive
Gecimed buys EUR 230m nursing home portfolio
Gecimed, the healthcare unit of Gecina, has signed a preliminary agreement with Foncière Sagesse Retraite (FSR) to buy a portfolio consisting of 30 nursing homes for a total of EUR 230 mln, reflecting an initial yield of 6.36%.
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PropertyEU Archive
AXA RE buys office building in Rome
AXA Real Estate Investment Managers SGR, part of the AXA Real Estate group, has bought an office building in Rome from iii-European Property Fund, a fund managed by Internationales Immobilien Institut, for an undisclosed amount. The purchase was made on behalf of AXA's Core Italian Properties fund (CIPF).
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PropertyEU Archive
AP4 sells 50% of Dombron to AMF
AP4, the Fourth Swedish National Pension Fund, has agreed to sell half its shares in property manager Dombron Stakeholders to pension provider AMF for SEK 400 mln (EUR 45 mln). Dombron is one of the largest owners and managers of residential properties in Sweden, with a portfolio of 8,000 residential ...
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News
APG, PGGM, ATP join on real estate sustainability benchmark
Members aim to assess sustainability of real estate funds, with global backing.
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News
Pension funds to 'mop up' fragmented residential property
Germany's Patrizia forecasts correction in some markets – but no bubble.
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News
Property investors expanding outside prime European retail
Secondary assets in prime markets gaining traction, according to report by CB Richard Ellis.
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News
Swedish buffer funds launch property investment company
AP1, AP2 team up with property specialist Catella to invest in European real estate.
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News
NEST CIO highlights problems of infrastructure, commodities
Says infrastructure funds pose problems due to need for daily valuation of assets.
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News
PensionDanmark, PKA invest €800m in wind farm
Danish pension funds acquire half-share of what will become world's second largest wind farm.
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News
Sovereign wealth funds flock to infrastructure
More than 60% of sovereign wealth funds to invest in asset class, up from 47% in 2010.
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PropertyEU Archive
Turnover in CEE reaches EUR 1.2b in first two months
Real estate investment turnover in Central and Eastern Europe (CEE) reached EUR 1.2 bn in the first two months of 2011, according to new research released today by CB Richard Ellis (CBRE).
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PropertyEU Archive
Multi opens Forum Marmara in Istanbul
Dutch developer Multi Corporation has opened Marmara Forum in Istanbul. The project, a 50:50 joint venture with Area Property Partners, is Multi's second mall in Istanbul and its first mixed-use project in Turkey.
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PropertyEU Archive
ING fund buys out Warsaw partner for EUR 76m
ING Property Fund Central and Eastern Europe is buying out its 50% partner in Wars-Sawa-Junior, a prime high street retail and office property located in Warsaw, Poland for EUR 76 mln.
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PropertyEU Archive
Market sentiment softens in Germany: King Sturge
The King Sturge Real Estate Economy Index for the German market dropped by 2.9% in March, the first time this year that sentiment has softened. But at 140.4, the index remains above its 2010 scores, King Sturge said. The main index was depressed by negative sentiment in the Investment Climate ...
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PropertyEU Archive
Sveafastigheter JV buys Finnish properties for EUR 42m
A joint venture between Sveafastigheter Fund III and Mattila & Saxen Property Partners has signed an agreement to buy 16 properties across Finland from Delta Motor Group for EUR 42 mln. The transaction includes properties in Helsinki, Turku, Tampere, Lahti, Jyväskylä and Kuopio. The total leasable area amounts to 53,000 ...
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PropertyEU Archive
Savills expects volumes in France to total EUR 14b this year
International real estate advisor Savills expects investment volumes in France to total EUR 14 bn by the end of the year, up from EUR 13.3 bn in 2010, bringing the volume back to just below the 10-year average of EUR 14.2 bn. Despite a quiet first quarter, with an anticipated ...
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PropertyEU Archive
Jeffrey Lefleur appointed managing director at WP Carey
Global investment management company WP Carey & Co has appointed Jeffrey Lefleur as managing director. Lefleur, who operates out of offices in both London and New York, will continue to be responsible for sourcing, negotiating and executing sale-leaseback transactions in Europe on behalf of the company’s CPA series of income-generating, ...
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PropertyEU Archive
New shopping centre completions hit historic low
New shopping centre development in Europe fell by 30% in 2010, the largest decline since 1983, according to a report from Cushman & Wakefield. Around 5.2 million m[sup]2[/sup] of shopping centre space was completed last year, marking the second consecutive year of falling completion levels. The figure also represented the ...
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PropertyEU Archive
Sonae Sierra moves into Morocco
Sonae Sierra, the international shopping centre specialist, has signed a deal with Moroccan companies Marjane (ONA Group) and Foncière Chellah (CDG Group - Caisse de Dépôt et de Gestion), for the provision of development services for a shopping centre complex in Casablanca.
