Latest reports – Page 3047
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PropertyEU Archive
Unibail-Rodamco reaches agreement to develop France's highest office tower
Franco-Dutch property group Unibail-Rodamco said on Friday that it has reached an agreement with the Epadesa public authority for the development of the Phare tower at Paris' financial district of La Defense. Epadesa's board has approved the technical and financial terms for the finalisation of the project which will involve ...
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PropertyEU Archive
Reyal Urbis re-starts development of Castellana 200
Spanish developer Reyal Urbis is re-starting the development of its flagship Castellana 200 mixed-use project in Madrid after receiving backing from its creditor banks.
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PropertyEU Archive
BL, Blackstone submit planning application for UBS project
British Land and the Blackstone Group on Friday submitted a detailed planning application for a new office building for financial services firm UBS in the City of London. Called 5 Broadgate, it will provide a total net office floorspace of 65,032 m[sup]2[/sup] and will include four trading floors capable of ...
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PropertyEU Archive
German financiers increase share in Dutch market
German investors are on course to boost their share of transactions in the Dutch real estate market to around EUR 1 bn this year. This is significantly more than the figure for the past two years. In 2009, German investors accounted for transactions worth some EUR 570 mln compared to ...
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PropertyEU Archive
NSI and Vastned O/I discuss potential merger
Nieuwe Steen Investments (NSI) has approached Vastned Offices / Industrial (Vastned O/I) about a potential merger of the two Amsterdam-listed real estate companies.
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PropertyEU Archive
Kotrbacek joins C&W retail team in Prague
Jan Kotrbacek (34) became the head of the Retail Team at Cushman & Wakefield’s Prague office with effect from 1 December. He took over after Martin Zizala who held the position for the last six years. Kotrbacek will be in charge of the Czech and Slovak markets.
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News
Invesco begins US acquisition trail for German investors
GLOBAL – Invesco Real Estate has made its first acquisitions in the US for German institutional investors in its MEAG US Immobilien Fonds IV.
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AnalysisAnalysis: The trouble with Germany's open-ended funds
GERMANY – The German government is doing its utmost to rescue the country's open-ended real estate funds from their current liquidity crisis and enable the sector to operate on a sustainable basis.
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News
PGGM commits €57m to Chinese real estate joint venture
GLOBAL – A joint venture between UBS Global Asset Management and Gemdale Corporation has completed a second successful closing after Dutch investor PGGM agreed to commit as much as $75m (€56.6m) to Chinese real estate.
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News
Rothschild Realty Managers invests $200m in Welsh Property Trust
GLOBAL – Rothschild Realty Managers has invested $200m (€149.4m) into Welsh Property Trust, made through Rothschild's commingled fund, Five Arrows Realty Securities V.
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News
Thursday people roundup
GLOBAL – Investment Property Databank, Cushman & Wakefield, IC Immobilien Service, Knight Frank, BNP Real Estate, Grosvenor Fund Management, Browne Jacobson
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News
Iowa PERS on the lookout for domestic REIT manager
GLOBAL – The Iowa Public Employees Retirement System has approved a request for proposal (RFP) for a new domestic REIT manager, allocating approximately $150m (€113m) for the search.
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PropertyEU Archive
DG Hyp to pull out of international markets
German lender DG Hyp, which is part of the DZ BANK Group, is to withdraw from international markets as part of a drive to focus on operations at home, a DG Hyp spokesman told PropertyEU.
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PropertyEU Archive
LaSalle acquires London shopping park for EUR 63m
LaSalle Investment Management announced on Thursday that it has acquired the Arena Shopping Park in Haringey, North London. The purchase price was £53 mln (EUR 63 mln), giving a 5.34% net initial yield.
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PropertyEU Archive
Erith joins Savills valuation team in France
International real estate advisor Savills has appointed Catherine Erith to join its French valuation department. Erith, who joins Savills as an associate director, has 12 years experience in the industry.
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PropertyEU Archive
European stocks down 6.2% in November: GPR
European listed real estate, as represented in the GPR 250 Europe Index, returned a 6.2% loss in November. The individual land indices with positive returns were as follows: Israel 1.9% (= Gazit Globe); Poland 0.6% (= GTC); Germany 0.5%.
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PropertyEU Archive
Skanska to launch Stockholm's largest green office project
International building group Skanska announced on Thursday that it is starting the first phase of the Lustgården office project on Kungsholmen in Stockholm.
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PropertyEU Archive
Battle for trophy assets to continue in 2011: JLL
Global direct commercial real estate investment volumes will rise by 25-35% on 2010 level as a significant weight of equity capital targets real estate and fresh capital-raising enlivens the market, according to Jones Lang LaSalle's final Global Market Perspective report of 2010.
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PropertyEU Archive
Amundi buys office complex in Montpellier
French real estate investment manager Amundi Immobilier has annonced the purchase of 10,500 m[sup]2[/sup] of office space under development in Montpellier, Southern France, on behalf of its Slivimo and Lion SCPI investment vehicles. The development project was sold by Artea Group for around EUR 23 mln, excluding taxes.
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PropertyEU Archive
IVG Institutional Funds sell office property in Madrid
International property adviser Savills has advised IVG Institutional Funds in the sale of an office building in Madrid. The property was acquired by local private investors for about EUR 28 mln.
