Latest reports – Page 3093
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PropertyEU Archive
Knight Frank Ireland expands
Independent global property consultancy Knight Frank has expanded in Ireland through the merger with the Dublin-based management practice Most Commercial Management. The move will significantly boost Knight Frank Ireland's business operations, turnover and staff in the field of commercial property, asset and facility management, the company said.
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PropertyEU Archive
Kungsleden divests property for EUR 6m
Listed Swedish property company Kungsleden is selling a commercial property to a joint venture held by the Municipality of Sigtuna and municipal housing corporation Sigtunahem. The purchase price amounts to SEK 52 mln (EUR 6 mln). The buyer is also taking over a project for SEK 4 mln.
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PropertyEU Archive
DTZ appoints Hugh Radford as head of UK Retail
Global property advisor DTZ has appointed Hugh Radford as head of UK Retail. Radford has been a director at DTZ since 2007 when the company acquired Donaldsons, where he was an equity partner. He retains responsibility for the business's retail agency team.
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News
UK recovery slows to a crawl as rents continue to suffer – IPD
UK – Capital appreciation in the UK commercial real estate market has slowed to the shallowest monthly growth since the recovery in prices began last summer, according to Investment Property Databank (IPD).
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News
Cross-border investment returns to pre-crisis levels
GLOBAL – Commercial real estate transactions have almost doubled around the world from last year, and cross-border investment has returned to pre-crisis levels, according to Jones Lang LaSalle (JLL).
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News
Thursday people roundup
GLOBAL – Aberdeen Asset Management, IVBN, Cordea Savills, JP Morgan Asset Management, Delancy, Jones Lang LaSalle, Morgan Stanley, Aviva Investors
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News
Korea's NPS boosts European real estate strategy by $400m
GLOBAL – The National Pension Service (NPS) of Korea has committed a further $400m (€306m) capital to Rockspring Property Investment Managers to invest in European real estate markets.
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News
San Bernardino County expands into global REITs
GLOBAL – The San Bernardino County Employees Retirement Association has approved a recommendation to allocate 20% of its real estate portfolio to public REITs, amounting to approximately $75m (€58.4m).
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News
LACERA issues RFI for real estate debt managers
GLOBAL – The Los Angeles County Employees Retirement Association has approved a Request for Information (RFI) for managers interested in participating in a search for real estate debt strategies.
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PropertyEU Archive
AEW Europe buys 12,000 m[sup]2[/sup] office project in Paris
Bouygues' real estate development unit Sodearif has sold an office development project to AEW Europe for an undisclosed amount. AEW Europe is buying the asset on behalf of a French institutional investor.
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PropertyEU Archive
Charles Tillett joins JLL
Charles Tillett has been appointed director in Jones Lang LaSalle's Corporate Solutions England team. He joins the firm from Cushman and Wakefield where he was a partner within the Global Client Solutions team managing, retaining and winning some of the firm's largest corporate occupier accounts.
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PropertyEU Archive
Patrizia launches 5th special real estate fund
German company Patrizia has announced that its KAG subsidiary is launching its fifth special real estate fund, Patrizia Domizil I. The special fund has a total investment volume of EUR 300 mln and was set up for an institution for professional retirement pensions.
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PropertyEU Archive
Redevco acquires prime retail property in York
Redevco United Kingdom has purchased the freehold investment of a prime retail unit at 48 Coney Street/8-10 Market Street in York for £8.8 mln (EUR 9.7 mln).
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PropertyEU Archive
ECE to develop four-star hotel at Berlin Bradenburg airport
Hamburg-based property developer ECE has joined forces with hotel operator Steigenberger Hotels AG to construct a four-star Superior Hotel at the future Capital Airport Berlin Brandenburg International BBI.
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PropertyEU Archive
Prologis leases 42,000m[sup]2[/sup] in Netherlands and Poland
Prologis has signed third-quarter lease agreements in previously unleased space totalling approximately 41,700 m[sup]2[/sup] with three customers in Europe.
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PropertyEU Archive
FdM to expand in German hotel market
French SIIC Foncière des Murs (FdM) is looking at new opportunities outside its home market after sealing the acquisition last month of a European hotel portfolio in partnership with insurance group Predica.
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PropertyEU Archive
ING RED sells stake in Berlin hotel project
Swiss group Peach Property said that it has acquired an 80% interest in the Am Zirkus 1 hotel project from ING Real Estate Development. Germany's Deutsche Immobilien is retaining its 20% stake in the development project. The financial details were not disclosed.
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PropertyEU Archive
Panattoni appointed to build new 32,500 m[sup]2[/sup] facility
Warsaw-based Panattoni Europe said that it has been appointed by Polish appliance producer Zelmer to develop a new built-to-suit facility in the Glogow Malopolski municipality, in the southeast of the country.
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PropertyEU Archive
Corporate RE departments play 'critical role' in M&A process: CBRE
With M&A activity on the rise globally, corporate real estate departments have an increasingly critical role to play in the consolidation process by preparing corporate portfolios for strategic change, according to CB Richard Ellis.
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PropertyEU Archive
Herald completes letting of Serravalle Retail Park
The EUR 930 mln Henderson European Retail Property Fund (Herald) has completed the second and final letting phase of Serravalle Retail Park (Alessandria), in Italy.
