Latest reports – Page 3040
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PropertyEU Archive
Corio acquires mall project in Turin
European listed shopping centre specialist Corio has signed a preliminary agreement for the acquisition of the Palazzo del Lavoro project in the Italian city of Turin. The financial details of the transaction which was announced just before Christmas were not been disclosed.
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PropertyEU Archive
Goodman secures funding for IIF deal
Sydney-listed Goodman Group and a consortium of its three global investors have made a recommended cash offer for 100% of the ordinary units in ING Industrial Fund (IIF).
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PropertyEU Archive
BNP Paribas Reim fund invests EUR 41m in Italy
The Italian fund management arm of BNP Paribas Real Estate Investment Management has carried out two acquisitions for its Immobiliare Dinamico real estate fund.
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PropertyEU Archive
Ciloger buys 6 Casino supermarkets for EUR 45m
French fund management group Ciloger has announced the acquisition of six Casino supermarkets in France for around EUR 45 mln. The properties were sold by the French retail giant Casino and are located in the city centres of Paris, Villeurbane and Nice.
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PropertyEU Archive
Generali buys from Degi in largest Italian office deal of 2010
The Italian real estate arm of insurance group Generali has purchased an office building leased to the Ministry of Health from Bodio Center, a subsidiary of Aberdeen Immobilien. The transaction price amounts to around EUR 120 mln. The transaction is said to be Italy's largest office single-asset deal of 2010.
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PropertyEU Archive
JLL advised on major shopping centre deal in Warsaw
Jones Lang LaSalle is pleased to announce that its Polish Investment Team advised Carpathian on a disposal of Promenada Shopping Centre in Warsaw.
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PropertyEU Archive
BNP Paribas REIM sets up EUR 300m Metro fund
Metro Fim, owned by the Gruppo Metro, has contributed 20 wholesale stores to Venti M, a new closed-ended real estate investment fund established by BNP Paribas REIM Italy.
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PropertyEU Archive
Immobel sells Belgian project for EUR 34m
Belgian listed real estate developer Immobel has announced the sale of the Chateau Rempart office project located in the Walloon city of Tournai, 85 km south-west of Brussels. The investment volume comes to EUR 34 mln.
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PropertyEU Archive
Siic de Paris carries out EUR 286m capital increase
French real estate investment trust Siic de Paris has carried out a EUR 286 mln capital increase as part of its planned sale of a 30% stake to Société Foncière Lyonnaise (SFL).
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PropertyEU Archive
Destrée named partner at DLA Piper
Charles Destrée has been named a partner at DLA Piper in the Netherlands. Destrée has a wealth of experience in the field of real estate finance and he will focus primarily on this area of expertise at DLA Piper.
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PropertyEU Archive
Colonia board rejects Tag takeover offer
Cologne-based Colonia Real Estate has rejected the voluntary public takeover offer tabled last year by Hamburg-based Tag Immobilien. The management and supervisory boards of Colonia described the EUR 5.55 per share offer as inadequate and said they could not recommend it to shareholders.
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PropertyEU Archive
Prelios sells 13.6% of Cloe fund to GIC
The Government of Singapore Investment Corporation (GIC) has acquired a 13.6% stake in the Cloe closed-end real estate fund managed by Prelios at a 20% discount to the fund's net asset value.
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PropertyEU Archive
Skanska to launch green office project in Gothenburg
Skanska is starting the second phase of the Tennet project on Gullbergsstrand in Gothenburg. The office property will have a strong environmental profile and will be connected to the existing first phase that was completed in 2001. Skanska's investment amounts to SEK 300 mln (EUR 33.5 mln).
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PropertyEU Archive
European listed real estate returns 17% in 2010: GPR
European listed real estate, as represented in the GPR 250 Europe Index, finished December 8.4% higher, resulting in a 17% return for 2010. The results of the individual country indices, with the full-year result in brackets, was as follows:
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PropertyEU Archive
Skanska to construct Legal Center in Malmö
Skanska has secured the contract to construct the Legal Center (Rättscentrum) in Malmö. The customer is Vasakronan and the assignment amounts to about SEK 300 mln (EUR 33.5 mln).
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PropertyEU Archive
Oliver Zimper strengthens IVG Asset Management
Oliver Zimper has joined the management board of Wiesbaden-based IVG Asset Management to run the Transaction division. Since 2008 the real-estate economist (ebs) has been a managing partner of the STAM Europe Group, in charge of the investment division as well as of the establishment of the Germany-related business within ...
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PropertyEU Archive
Sorgente bags Milan trophy asset for EUR 105m
Italian fund management group Sorgente has completed the acquisition of an office building at Piazza Cordusio in the centre of Milan from insurance giant Milano Assicurazioni for around EUR 105 mln. The purchase was carried out on behalf of Sorgente's Donatello Comparto David real estate fund.
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PropertyEU Archive
GreenBuilding accreditation for Kungsleden
Swedish property company Kungsleden received its first accreditation from the EU GreenBuilding programme on in December 2010. The property is in Sollentuna, near Stockholm, and is mostly let to the Swedish Social Insurance Administration.
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PropertyEU Archive
Thomas Beyerle joins IVG as head of CSR & Research
Thomas Beyerle has joined the management team of German listed real estate investor IVG as head of Corporate Social Responsibility & Research. Gerhard Niesslein, speaker of the board, will be his direct superior.
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PropertyEU Archive
RREEF sells BBVA HQ in Bilbao for EUR 100m
Mutualidad de la Abogacía, the Spanish private pension scheme for lawyers, has acquired the historic headquarters of financial group BBVA in Bilbao for around EUR 100 mln.
