Latest reports – Page 3127
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PropertyEU Archive
Minerva, Northacre sells 11 exclusive apartments for EUR 132m
Joint venture partners Minerva and Northacre have announced that they have exchanged contracts with unnamed parties to sell 11 apartments in an exclusive residential project overlooking Hyde Park in London for a total of £107.5 mln (EUR 132 mln).
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PropertyEU Archive
LaSalle launches Balanced UK Property Fund
Global investment manager LaSalle has launched the Balanced UK Property Fund for institutional investors. The new investment vehicle is a core open-ended UK property vehicle.
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PropertyEU Archive
Raven Russia to move from AIM to LSE main board
Warehouse specialist Raven Russia plans to move the listing of its shares and warrants from the Alternative Investment Market (AIM) to the Official List of London Stock Exchange.
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PropertyEU Archive
Hermitage signs agreement for EUR 2b tower at La Defense
Hermitage, the French property arm of Russian group Stroimontage, has signed a preliminary agreement with municipal authorities to build two 320-metre skyscrapers, called Hermitage Plaza, in the La Defense business district on the outskirts of Paris. Hermitage intends to apply for the final building permits by end-July.
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PropertyEU Archive
Altarea Cogedim invests in Paris and Marseille
French retail specialist Altarea Cogedim has announced two major mixed-use redevelopment projects in Paris and Marseille. In the French capital, the company is launching the redevelopment of the former Laennec hospital located in the seventh arrondissement.
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PropertyEU Archive
Noack joins Union Investment management team
Volker Noack has been appointed deputy member of the management board of Union Investment Real Estate with effect from 1 July 2010. The 46-year-old, who holds a degree in business administration, will be responsible for fund management and finance and participations.
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PropertyEU Archive
HSH Nordbank places EUR 500m public-sector Pfandbrief
HSH Nordbank has re-entered the public capital markets by placing a EUR 500 mln public-sector Pfandbrief with a term of three years and a coupon of 1.75%. The reoffer price was fixed at 99.904%. This equals a reoffer spread of 20 basis points above mid-swaps.
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PropertyEU Archive
Deka Immobilien buys logistics asset near Paris
Deka Immobilien has bought a logistics asset near Paris for around EUR 27 mln from a fund managed by AEW Europe. The property, located in Brie-Comte-Robert Park, will be added to Deka's open-ended WestInvest TargetSelect Logistics fund.
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PropertyEU Archive
SEB fund acquires Munich store for EUR 20m
SEB Asset Management has increased the number of German properties in its global open-ended SEB ImmoPortfolio Target Return fund to 13 of the total 45 following the acquisition of a commercial property with a long-term lease. The total investment costs are EUR 20.4 mln.
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PropertyEU Archive
UFG Rem buys from UBS for EUR 42m
French fund manager UFG Rem has acquired office building Le Confluent in Maisons-Alfort near Paris from one of UBS Global Real Estate's investment funds. The acquisition price amounts to around EUR 42 mln.
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PropertyEU Archive
Sjælsø sells residential project to PKA for EUR 43m
Danish listed property group Sjælsø has signed an agreement to sell over 100 apartments to PKA, an administration company for Danish pension funds, for DKK 325 mln (EUR 43 mln).
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PropertyEU Archive
Unicredit to relocate to Milan's Porta Nuova
Italian banking giant Unicredit has agreed to lease two of the office towers currently being constructed by American developer Hines in the Porta Nuova area of Milan. The property, which is expected to be completed by the end of 2012, is located in a new urban business park designed by ...
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News
APG backs Pramerica debt strategy
EUROPE – APG Asset Management, the wholly-owned investment manager of the ABP pension fund, is one of a number of investors to have invested in a European real estate debt strategy run by Pramerica Real Estate Investors.
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News
Progress to reinvest direct capital in Dutch ING REIM funds
NETHERLANDS – Progress, the Unilever pension fund, has decided to invest in two Dutch real estate funds managed by ING Real Estate Investment Management following the disposal of its directly held domestic portfolio.
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News
Dexia, Gimv joint venture launches Benelux infrastructure fund
EUROPE – An infrastructure and real estate fund focusing on the Benelux region has been launched following demand from Belgian pension fund and insurance companies for low-risk, non-listed exposure to the sector.
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News
PwC survey reveals pressure on London office fundamentals
UK – Activity in the UK financial services in the last three months was lower than expected, despite increasing at the fastest rate since the onset of the credit crunch, prompting concerns over the outlook for the London office market.
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News
Pension funds get on board for Rockspring's UK value drive
UK – Rockspring Property Investment Managers has raised £336m (€409m) in capital commitments for its UK Value fund from 12 pension funds and institutional investors from Europe and Australasia.
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PropertyEU Archive
Sweden removes rent impediment after EPF legal challenge
The European and Swedish Property Federations have welcomed the Swedish parliament's decision to adopt legislation to remove municipal housing companies' role in setting rents. The legislation is due to come into force on 1 January 2011.
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PropertyEU Archive
Chamartín Meermann gears up for IPO
German developer Chamartín Meermann Immobilien has announced that it is preparing for an Initial Public Offering (IPO) on the Prime Standard segment of the Frankfurt stock exchange. 'We see the IPO as the next logical step in our growth strategy,' said Heinz Meermann, company founder and chairman of the supervisory ...
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PropertyEU Archive
Valad fund secures EUR 204m refinancing
German nationalised lender Deutsche Pfandbriefbank and Bank of Scotland have renewed a EUR 204 mln facility to V+UK fund for the refinancing of a UK commercial portfolio. The fund is managed by Valad Property Group.
