Latest reports – Page 3129
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PropertyEU Archive
Dev Secs acquires central London property
UK property firm Development Securities has announced that it has acquired Westminster Palace Gardens, Artillery Row in Victoria, London in a joint venture with Caenwood Ventures.
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News
Investors in PE funds mark shift in 'balance of power'
GLOBAL – Institutional investors believe the concessions they have rung from private equity real estate managers in the past year represent a permanent change in the balance of power, according to private equity data firm Preqin.
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News
AP3 joint venture with Kungsleden acquires public portfolio
SWEDEN – A joint venture between the €21bn third Swedish pension fund (AP3) and Stockholm-based developer Kungsleden has acquired a public property portfolio for SEK1.1bn (€120.2m).
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News
Under-supplied CEE region offers 'alternative' to emerging markets
EUROPE – Debt-free investors should view Central and Eastern European (CEE) real estate as a lower-risk alternative to investing in emerging markets, according to Holger Schmidtmayr, board member of Austrian property firm Sparkassen.
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News
Finland's Veritas offloads residential portfolio to Germany's Patrizia
EUROPE – Finnish pensions insurer Veritas has sold a 113-asset portfolio to German fund manager Patrizia in the first residential deal involving an investor based outside the region.
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News
Wisconsin State Investment Board drops domestic REIT managers
GLOBAL – The Wisconsin State Investment Board has dropped AEW Capital Management and Heitman as domestic REIT managers to adopt a more "global perspective".
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News
Texas Teachers commits $800m to real estate investment
GLOBAL – The Teacher Retirement System of Texas has made more than $800m (€650.5m) in real estate investment – a mixture of core, value-added and infrastructure strategies – in the last month.
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PropertyEU Archive
Dagon sells 2 Scandic hotels for EUR 30m
Swedish listed property development company Dagon has sold two hotel properties located in Karlskrona and Helsingborg, Sweden to hospitality group Tastsinn for SEK 276 mln (roughly EUR 30 mln). The hotel in Karlskrona was completed in March 2010. Both properties are operated by the Scandic hotel chain.
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PropertyEU Archive
Swiss pension fund launches EUR 150m real estate vehicle
Zurich-based Swisscanto has launched a new real estate fund investing in Swiss commercial properties. The pension fund said that it has raised CHF 200 mln (nearly EUR 150 mln) for the investment vehicle, which is aimed at pension institutions, financial intermediaries and insurers.
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PropertyEU Archive
Redevco briefs Brussels on green progress in retail development
European retail property company Redevco, a member of The International Council of Shopping Centers (ICSC), briefed the European Commission and the influential Retail Forum in Brussels on 24 June on sustainability initiatives currently being implemented by Redevco and retailer C&A within the European retail development sector.
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PropertyEU Archive
GPE buys 35 Portman Square for EUR 63m
Great Portland Estates (GPE) has announced the acquisition of 35 Portman Square, London for £53.0 mln (EUR 63 mln) from the shareholders of Portman Square Properties Holdings (PSPH).
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PropertyEU Archive
Sol Melia opens new hotel in Barcelona
Spanish hotel chain Sol Meliá has announced the opening of its fifth hotel in Barcelona with the inauguration of the four-star Tryp Condal Mar hotel.
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PropertyEU Archive
Segro joins foreign REIT exodus from Paris exchange
UK-based Segro has become the latest real estate investment trust (REIT) to drop its dual listing on Euronext Paris as a result of a change in the rules governing the tax transparent system for property firms in France.
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PropertyEU Archive
Hammerson carries out 4th investment deal in June
Hammerson has exchanged conditional contracts for the sale of Exchange Tower in London's Docklands. The transaction is the fourth deal involving the UK and French REIT this month.
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PropertyEU Archive
Prologis closes financings for PEPF II totalling EUR 180m
New York-listed Prologis has completed two financings for Prologis European Properties Fund II, expanding on one lending relationship and establishing a new one. These two financings total EUR 180.4 mln, with a blended coupon of 4.99%. The proceeds were used to pay down the fund's line of credit.
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PropertyEU Archive
SandpiperCI sells 5 supermarkets in the Channel Islands
SandpiperCI, a retail operator partially owned by property fund manager Europa Capital and buyout group Duke Street, has announced that contracts have been exchanged for the sale of its five large supermarket developments to retail chain Waitrose. The financial details were not disclosed.
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PropertyEU Archive
ING REIM disposes of 14 Dutch office assets
ING Real Estate Investment Management (REIM) has sold the 14 remaining office properties in its REOFN (Real Estate Office Fund of The Netherlands) fund to an international consortium and a private investor. Thirteen properties were sold to a consortium led by PingProperties while the remaining asset was sold to a ...
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PropertyEU Archive
Portugal's Beltico gets green light for Falesia resort project
Portuguese developer Beltico group has received the go-ahead to develop its Falesia D'El Rey five-star golf and resort project in Óbidos, near Lisbon.
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PropertyEU Archive
Morgenroth named chairman as INREV signals new phase
The European Association for investors in non-listed real estate funds (INREV) has appointed Michael Morgenroth as its new chairman, signalling a new phase for the organisation.
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PropertyEU Archive
Corestate acquires Berlin apartments for EUR 160m
Swiss investment group Corestate has acquired a residential and commercial real estate portfolio which formed part of a CMBS vehicle.
