Latest reports – Page 3089
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News
Texas Teachers makes $300m commitment to US Government Building Fund
GLOBAL – The Teacher Retirement System of Texas has become the lead investor in the recently closed US Government Building Fund after Texas Teachers approved a $300m (€230.2m) allocation to the fund.
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PropertyEU Archive
PropertyEU live at Expo Real
PropertyEU's editorial team will be on the ground at this year's Expo Real international trade fair in Munich next week, interviewing industry leaders and covering the conference programme.
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PropertyEU Archive
Le Teno to head sustainable development at AXA REIM
AXA Real Estate has announced the appointment of Jean-Francois Le Teno as global head of Sustainable Development. He will take over from Gilles Bouteloup who will retire at the beginning of October.
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PropertyEU Archive
Cordea Savills buys building in Paris for EUR 48m
Real estate fund manager Cordea Savills has completed the purchase of a retail and office building in the central business district of Paris for EUR 48 mln on behalf of the European Commercial Fund. The net initial yield is 5.3%.
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PropertyEU Archive
Carlyle enters UK student housing market
The Carlyle Group announced on Monday the acquisition of a site for student accommodation in Highbury & Islington in London, and the formation of a joint venture agreement with Generation Estates Limited (GEL).
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PropertyEU Archive
Knight Frank profit climbs 168% to £58m
UK property services group Knight Frank has reported strong net profit of £58 mln (EUR 68 mln) in the year to end-March 2010, up 168% from just £22 mln a year before. Its turnover rose by 13% year-on-year to £288 mln, from £256 in the same period in 2009, largely ...
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PropertyEU Archive
Alfa opens first modern mall in Prievidza
Russia's Alfa Group has opened the first large modern shopping centre in the Slovak city of Prievidza. Named Korzo, the mall comprises 11,700 m[sup]2[/sup] of leaseable area.
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PropertyEU Archive
European funds deliver marked recovery over H1: IPD
European pooled property funds have made a marked recovery over the 12 months to June, delivering an 8.3% local currency total return, compared to -18.6% over the previous year to June 2009, according to the IPD European Pooled Property Fund Indices (ePPFI).
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PropertyEU Archive
Bouwfonds spends EUR 37m on residential properties
Bouwfonds European Residential Fund has extended its residential real estate portfolio with the acquisition of student apartments in Toulouse, a complex in Munich and a property in Mannheim. The investment in these acquisitions amounts to EUR 37 mln in total, equal to 14 times the actual rent.
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PropertyEU Archive
Chinese bank giant moves to new Spanish HQ
Global property broker Savills has advised the world's largest bank, Industrial and Commercial Bank of China (ICBC), on the letting of its new headquarters in Spain. The bank has secured 1,100 m[sup]2[/sup] of office space on a five-year lease in Madrid's prime business district at 3 Paseo de Recoletos. ...
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PropertyEU Archive
ING REIM wins 'Green Brick' Award
ING Real Estate Investment Management has been named in the Netherlands as the most sustainable real estate investment manager 2010.
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PropertyEU Archive
Valad secures four tenants in Czech Republic
Valad Europe, the pan-European real estate investment manager, in partnership with Aviva Investors, has announced that its Czech team has renewed two 10-year leases at the Cestlice Industrial Park in the Czech Republic on behalf of the Central European Industrial Fund (CEIF).
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PropertyEU Archive
Parkridge begins work on Neptune Point in UK
UK developer Parkridge has started work on site at its EUR 59 mln project at Neptune Point, Harrow after securing funding from Standard Life. The residential accommodation has been pre-sold to Galliard Homes.
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PropertyEU Archive
Inaugural Inrev quarterly index sees non-listed funds return to growth
European non-listed real estate funds returned to positive territory for the first time since 2007, according to the inaugural quarterly index published on Friday by Inrev, the European association for the non-listed sector.
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PropertyEU Archive
JLL strengthens London valuation team
Jones Lang LaSalle has made several appointments to its London Valuation Advisory team. Charlotte Low and Ricky Tsang join as senior surveyors, Clarke Vallance as an analyst and Tom Walker as a surveyor.
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PropertyEU Archive
RREEF acquires Frankfurt project for EUR 19m
RREEF Spezial Invest has acquired an office building at the Schwedler-Carré centre in the German city of Frankfurt. The investment volume was EUR 19 mln. The 6,000-m[sup]2[/sup] property is being built by Max Baum Immobilien and completion is scheduled for late 2011.
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PropertyEU Archive
Santander plans EUR 584m reverse sale-and-leaseback: report
Spanish banking giant Santander intends to buy £500 mln (EUR 584 mln) of properties it uses in the UK, according to a report in Property Week. The publication said Santander is close to agreeing the purchase of hundreds of offices and bank branches owned by London-listed outsourcing specialist Mapeley.
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PropertyEU Archive
Niam buys Boultbee mall in Sweden for EUR 21m
Swedish private equity group Niam said that it has acquired the Lennart 17 retail property in Västerås, Central Sweden, from a Boultbee bankruptcy estate represented by consultancy group Ackordcentralen. The transaction price amounted to SEK 187 mln (EUR 21 mln). The operation is expected to be completed by November 1, ...
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PropertyEU Archive
Pandox acquires hotel in Stockholm for EUR 22m
Swedish hotel company Pandox has completed its second acquisition this month with the purchase of the Park Inn Solna hotel in the northern part of Stockholm. The property was acquired for EUR 22 mln from Franco-Dutch group Unibail-Rodamco.
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PropertyEU Archive
Songbird to raise EUR 165m in underwritten placement
London-listed Songbird Estates, the majority owner of Canary Wharf in London, intends to raise £140 mln (EUR 165 mln) in an open offer to repay a loan from shareholders.
