Latest reports – Page 3018
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News
Companies ill-prepared for US accounting changes – Deloitte
Vast majority unready for accounting standards that could be introduced this summer.
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News
UK commercial real estate close to flat-lining, says IPD
Market on verge of stagnating as yields and rents show very little movement.
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News
IVG launches club fund for commercial properties in Paris
Four institutional investors commit, allowing IVG to complete a first closing in February.
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News
Thursday people roundup
Henderson, Cushman & Wakefield, Landesbank Baden-Württemberg, UBI, Aberdeen, Savills
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PropertyEU Archive
SNS books EUR 790m write-down on property finance unit
Bancassurer SNS Reaal booked a net loss of EUR 225 mln in 2010 following a write-down totalling EUR 790 mln on its Property Finance division. In 2009, the group booked a profit of EUR 17 mln.
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PropertyEU Archive
Integrale, Ogeo Fund bags Antwerp scheme
Belgian insurance group Integrale has joined forces with pension fund Ogeo to acquire the Copernicus office complex in the centre of Antwerp for an undisclosed amount.
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PropertyEU Archive
Demand for commercial property improves in Europe
As occupier demand for commercial property gained momentum across most European markets during the last quarter of 2010, rents are expected to improve in the coming months, according to the latest RICS Global Commercial Property Survey.
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PropertyEU Archive
HIH announces two acquisitions in Germany
Hamburgische Immobilien Handlung (HIH) has announced the acquisition of the Portal 10 office building in Munster, northern Germany for a spezialfonds issued by Warburg-Henderson KAG. The property was acquired from Hochtief Project Development for an undisclosed double-digit figure.
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PropertyEU Archive
Vailog to build 32,000-m[sup]2[/sup] shed for Geodis
Italian industrial real estate developer and investor Vailog is starting construction of a new distribution centre in the CSG logistics park in Castel San Giovanni, near Milan. The 32,000-m[sup]2[/sup] facility will be developed for Geodis Logistics, which has agreed to occupy the property in full.
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PropertyEU Archive
Europa Capital enters Bulgaria with Plovdiv park buy
Europa Capital has entered into an agreement to acquire Retail Park Plovdiv in Bulgaria from Landmark Property Management for around EUR 20 mln. The transaction - the first by Europa Capital in Bulgaria - was completed on behalf of the company's Europa Emerging Europe Fund.
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PropertyEU Archive
ING REIM buys EUR 82m mall in Stockholm
ING Real Estate Investment Management (ING REIM) has completed the first acquisition on behalf of its European Shopping Centre Fund (ESCF). The global property fund manager, which is being acquired by CBRE Investors - purchased Tyresö Centrum, Stockholm, Sweden for EUR 82 mln, reflecting an initial yield of 6.2%.
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PropertyEU Archive
REO sells Dublin's tallest office building for EUR 100m
Real Estate Opportunities (REO) has agreed the sale of Montevetro - the tallest commercial office building in Dublin - to Internet giant Google for nearly EUR 100 mln in cash. Completion of the transaction is expected in the near future.
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PropertyEU Archive
Viveris REIM to revamp Versailles building
French real estate investment manager Viveris REIM has signed a forward leasing agreement with Blizzard, a developer and publisher of entertainment software, for the Versailles Turgot office building located at Yves le Coz in Versailles, Paris.
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PropertyEU Archive
Swedish investors favour home market: INREV
Institutional investors in Sweden show a marked preference for the domestic market in their real estate investments, according to INREV's Investor Universe Sweden Survey 2011.
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PropertyEU Archive
British Land buys Green Lanes mall for EUR 35m
British Land has exchanged contracts for the purchase of the leasehold interest in the Green Lanes shopping centre in Barnstaple, UK for £30 mln (EUR 35.5 mln).
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PropertyEU Archive
Warburg - Henderson buys Portal 10 in Münster
Hochtief Projektentwicklung has sold Portal 10, an office and medical facility in Münster, Germany to fund management joint venture Warburg - Henderson. The purchase price was in the double-digit millions. The property on Albersloher Weg has a total rental area of 6,600 m[sup]2[/sup] and was completed in fall 2010.
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PropertyEU Archive
Swiss Life launches OPCI for retail investors
Insurance group Swiss Life has announced that it is teaming up with real estate investment manager Viveris REIM to launch a French Organisme de Placement Collectif en Immobilier (OPCI) investment vehicle for retail investors.
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PropertyEU Archive
Multi buys German shopping centre manager
Multi Mall Management Germany has acquired 100% of the shares of Hamburg-based SEC Center Management which manages nine shopping centres.
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PropertyEU Archive
Tag execs appointed to Colonia board
Two executives of Tag Immobilien have been appointed to the management board of Colonia Real Estate. The appointments of Rolf Elgeti and Hans-Ulrich Sutter, respectively CEO and chief financial officer of Tag, come after the Hamburg-based property company increased its shareholding in Colonia to just over 50%.
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PropertyEU Archive
UK Commercial buys Leicester retail park
UK Commercial Property Trust has bought St George's retail park in Leicester from a fund managed by JP Morgan Asset Management for £49.9 mln (EUR 59 mln).
