Latest reports – Page 3075
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PropertyEU Archive
BNP Paribas REIM completes EUR 174m of transactions
BNP Paribas Real Estate Investment Management said that it has completed EUR 174 mln worth of transactions on behalf of its funds during the first nine months of 2010. The figure represents almost a 20% decrease on the investment volume of EUR 215 mln reported in the same period in ...
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PropertyEU Archive
ECE opens Europa-Galerie Saarbrücken
German inner-city mall specialist ECE opens the 25,000-m[sup]2[/sup] Europa-Galerie Saarbrücken on Thursday. The shopping centre features 110 specialist stores, cafés, restaurants and service outlets over three levels.
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PropertyEU Archive
DIC Asset sells retail property in Flensburg for EUR 29m
German-listed DIC Asset has sold a retail property located in the centre of Flensburg for some EUR 29 mln to an international institutional investor. The group of buildings, which has a lettable area of some 7,000 m2, is nearly fully let. The transaction was brokered by Jones Lang LaSalle.
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PropertyEU Archive
EU buys Wing's Millenaris Modern building in Budapest
The European Union has purchased the Millenáris Modern office building development in Budapest's Buda business district from local development company Wing. The financial details were not disclosed.
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PropertyEU Archive
BNP Paribas RED to build Siemens' new HQ in Milan
BNP Paribas Real Estate Property Development Italy has announced the signing of an agreement with Siemens' Italian arm to develop the new headquarters of the electrical appliance manufacturer in the north-eastern Adriano district of Milan.
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PropertyEU Archive
European investment up 90%: JLL
Direct investment in retail real estate in Europe during the first three quarters of 2010 reached EUR 15.2 billion, over 90% up on the same period in 2009 (EUR 7.8 bn).
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PropertyEU Archive
Hammerson completes sale of 75% of Espace Saint Quentin
UK REIT Hammerson confirmed on Wednesday that is has completed the sale of a 75% interest in Espace Saint Quentin shopping centre near Paris to Allianz Real Estate.
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PropertyEU Archive
Greg Vorwaller named global head of capital markets at C&W
Cushman & Wakefield has announced that Gregory Vorwaller has joined the firm as global head of capital markets. Vorwaller joins C&W from CB Richard Ellis, where he was chief operating officer of capital markets and president of its investment properties group. He will be based in Chicago.
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PropertyEU Archive
Former WP Carey execs launch sale-and-leaseback specialist
Former executives of New York-based WP Carey have announced the launch of a new firm, Northcliffe Asset Management, to invest in the growing global market for real estate sale-leaseback investments.
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PropertyEU Archive
Prologis in EUR 732m US asset sale to Blackstone
New-York listed distribution property giant Prologis is selling a Northern American logistics portfolio and other assets to Blackstone Real Estate Advisors for a total of $1.02 bn (EUR 732 mln). Prologis announced on Tuesday that it has entered into a definitive agreement with affiliates of Blackstone RE to sell the ...
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PropertyEU Archive
YIT to build four 'green' office buildings in Helsinki
Finnish construction group YIT has announced it is building four office buildings in the Aviapolis area of Vantaa, in the Helsinki region. The first stage, Avia Line I, has already been completed. The under-construction Avia Line II will embody YIT's energy-efficient office construction technology and it will be completed in ...
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PropertyEU Archive
Aberdeen sees more value in more risk in Nordics
While real estate investors continue to target prime assets in the Nordic region that provide bond-like returns, Aberdeen Asset Management believes value can be found in taking a little more risk as the competition for buying more risky assets is much less fierce.
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PropertyEU Archive
Reed Midem appoints new directors of real estate and Mipim
Christophe Chupot has been named director of the real estate division at Reed Midem, the fair organiser said on Tuesday. He will oversee the company's real estate business which includes the Mipim, Mapic, Mipim Asia and Global City exhibitions and conferences.
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PropertyEU Archive
Treat LTV breaches with caution, says Hatfield Philips
LTV breaches should be treated with caution, and should rarely form the basis of a decision leading to foreclosure for commercial properties, according to
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PropertyEU Archive
Milan mulls new business district
The City of Milan is planning to convert an abandoned industrial area into a new first-class financial district which will compete with Paris' La Défense or London's Carary Wharf, according to Carlo Masseroli, the municipality's alderman for Urban Development.
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PropertyEU Archive
Land Secs sets up JV to develop Walkie Talkie in London
UK REIT Land Securities and Canary Wharf Group announced on Tuesday that they have formed a 50-50 joint venture to develop the 37-storey 'Walkie Talkie' office tower in London. Land Securities has sold the existing property at 20 Fenchurch Street to the joint venture for £90.2 mln (EUR 103 mln). ...
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PropertyEU Archive
RREEF buys Dutch office property for EUR 111m
RREEF Investment has acquired an office building in the Dutch city of Leiden for about EUR 111 mln from Dutch project development corporation Eurocommerce.
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PropertyEU Archive
Skanska initiates residential project in Oslo
Skanska, in cooperation with property company Ferd Eiendom, is starting a new residential area in Oslo, Norway. Skanska’s share of the investment amounts to approximately NOK 220 mln (EUR 27 mln).
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PropertyEU Archive
Pirelli RE shareholders agree spin-off pact
Major shareholders in Pirelli Real Estate have agreed a pact that will give them control of the company after it is spun off. Milan-based Pirelli RE - which from next week will be renamed Prelios - is being separated from its mother company, tyre group Pirelli. The spin-off is ...
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PropertyEU Archive
Invesco acquires shopping centre in the Netherlands
Invesco Real Estate has acquired the Entre Deux shopping centre in the Dutch city of Maastricht. The financial details were not disclosed. The vendor is ASR Vastgoed Vermogensbeheer, the real estate management division of Dutch insurer ASR.
