Latest reports – Page 3034
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PropertyEU Archive
RREEF Germany acquires EUR 1.8 bn of property in 2010
RREEF acquired properties worldwide totalling EUR 1.8 bn for its German real estate mutual funds and real estate special funds in 2010.
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PropertyEU Archive
CBRE Hotels clinches Europe's largest single-asset hotel deal ever
CBRE Hotels has announced the sale of the five-star Grosvenor House Hotel, Mayfair, London for £470 mln (EUR 563 mln) to Indian conglomerate Sahara India Pariwar. The 494-bedroom, Park Lane property operated by JW Marriott represents the largest ever single asset hotel transaction by sale price in Europe, CBRE Hotels ...
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PropertyEU Archive
LaSalle IM gets approval for German KAG vehicle
LaSalle Investment Management has received approval from the German Federal Financial Supervisory Authority (BaFin) for the formation of a capital investment company for specialist investment funds in Germany. Following the granting of the licence, the already existing LaSalle Vermögensverwaltungs will henceforth operate as LaSalle Investment Management Kapitalanlagegesellschaft (LaSalle KAG).
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PropertyEU Archive
Multi's Marcel Kokkeel appointed CEO of Citycon
Marcel Kokkeel is leaving Multi Corporation to become CEO of Nordic shopping centre investor Citycon. Kokkeel served on the executive committee of Multi, the European unlisted mall developer, and was responsible for Multi Mall Management and Western European Development.
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PropertyEU Archive
Deka buys Hamburg's Metropolis-Haus for EUR 93m
Germany's Deka Immobilien has acquired the Metropolis-Haus development project in Hamburg for EUR 93 mln, well-informed market sources told PropertyEU. The mixed-use property has been acquired from a development consortium of Hochtief Projektentwicklung, Norddeutsche Grundvermogen and Frank Beteiligungsgesellschaft.
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PropertyEU Archive
Investment volume up 30% in Czech Republic in 2010
Total investment turnover in the Czech real estate investment market reached EUR 417 mln in H2 2010 and EUR 646 mln in 2010 as a whole, according to the latest report by CB Richard Ellis.
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PropertyEU Archive
JV acquires 2 hotels at Westfield Stratford City
A joint venture between Cycas Hotel Partners and Patron Capital is to acquire the long-term leasehold rights for two hotels at the Westfield Stratford City scheme next to the 2012 Olympic stadium in Greater London.
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PropertyEU Archive
Aviva fund bags £114m of deals at year-end
In the last two weeks of December Aviva Investors’ Lime Property Fund completed four investment transactions totalling £114 mln EUR 136 mln), the company announced in a press release.
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PropertyEU Archive
Eurocommercial shops in Spain
Dutch retail investor Eurocommercial Properties has denied it is buying the Sant Cugat shopping centre in Barcelona, but does not rule out making acquisitions in Northern Spain 'should interesting opportunities arise there in the future'.
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PropertyEU Archive
Corestate buys in Hanover
Corestate Group, a specialist private equity real estate investor based in Zug/Switzerland, has announced the acquisition of Rund Carré in Hanover from HSBC Trinkaus Real Estate for EUR 25.5 mln. The purchase price of the recently developed office and retail asset reflects an initial yield of 7.9%. A German bank ...
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PropertyEU Archive
Grosvenor fund secures £385m refinancing for Liverpool One
UK fund manager Grosvenor has secured a £385 mln (EUR 461 mln) refinancing for its 1.6 million sq ft (150,000 m2) Liverpool One mixed-use scheme. The refinancing agreement was signed with the Royal Bank of Scotland (RBS), Eurohypo, Dekabank and Credit Agricole banks.
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PropertyEU Archive
FPF acquires Paris office portfolio for EUR 160m
Foncière Paris France (FPF) has bought a 47,000 m[sup]2[/sup] office portfolio worth EUR 160 mln in Paris. The portfolio includes Paris Biopark, a 29,300-m[sup]2[/sup] office and laboratory scheme at 13 rue Jean Antoine Baïf, in the heart of Paris' Rive Gauche district.
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News
German roundup: AXA IM, infrastructure, Fleischhauer, Hoyer & Partner
GERMANY – Out of Germany's 156 institutional investors, Pensionskassen were the only ones to identify direct real estate holdings as more risky than indirect investments in a survey commissioned by AXA Investment Managers.
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News
Thursday people roundup
GLOBAL – Bouwfonds Real Estate Investment Management, Patrizia Immobilien, Savills, Knight Frank Investors
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News
SPMS awards Aviva Investors €350m property mandate
GLOBAL – The €5.5bn occupation pension fund for Dutch medical consultants (SPMS) has appointed UK firm Aviva Investors as manager of its unlisted property.
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News
PE fundraisers 'optimistic' for 2011 after a tough 12 months
GLOBAL – The private equity-style real estate funds sector continues to struggle to raise capital from investors, as the latest study from Preqin shows that only 89 funds reached a close in 2010, raising $35.8bn (€27.2bn) in the process.
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News
Arbuthnot UK real estate team enters JV with AEW Europe
UK – The UK real estate team of Arbuthnot Real Estate Investment Management (ArbreIM) has left the company to form a new joint venture business with AEW Europe.
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News
Harrison Street expands into the REIT management business
GLOBAL – Harrison Street Real Estate Capital has moved into the REIT management business with the acquisition of Transwestern Securities Management, the REIT subsidiary of the real estate investment firm Transwestern Investment.
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News
CalSTRS enters $1bn industrial joint venture with Panattoni
GLOBAL – The California State Teachers' Retirement System (CalSTRS) has entered into a joint venture with the Panattoni Development Company to invest $1.15bn (€874m) in industrial and commercial real estate in the US and Canada.
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News
AREA buys nine-property apartment portfolio in Texas
GLOBAL – AREA Property Partners has acquired a multi-family portfolio in Texas totaling nine properties and 2,589 units for an undisclosed sum.
