Latest reports – Page 3137
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PropertyEU Archive
Pirelli RE to focus on services
Pirelli Real Estate is re-focusing its business on services and asset management activities to take account of the scarcity of operators in the market, Giulio Malfatto, CEO of Pirelli & Co. Real Estate said during a conference on the first day of the Expo Italia Real Estate Fair in Milan.
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PropertyEU Archive
TMW spends EUR 61m in German nursing homes
TMW Pramerica is launching a special real estate fund to invest exclusively in care residences. The fund will take advantage of a growing demand for these assets in Germany, Prudential Financial's European fund management unit said.
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PropertyEU Archive
TPG Capital and Green Property form JV for UK, Ireland
Global private equity firm TPG Capital and Green Property have formed a joint venture to invest up to EUR 900 mln of debt and equity in real estate assets in the UK and Ireland.
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PropertyEU Archive
Savills advises on EUR 40m industrial development in Barcelona
Property adviser Savills has acted for Nueva Rumasa in the acquisition of an industrial development site outside Barcelona, which will result in a EUR 40 mln headquarters and production plant for chocolate milk drink manufacturer Cacaolat.
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PropertyEU Archive
EPRA hires EU lobbyist
The European Public Real Estate Association (EPRA) has announced the appointment of Romain Triollet as its Public Affairs Director. EPRA said the new position will allow it to play a more active role in the public debate on the EU's economic and financial reform as it affects listed real estate, ...
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News
US and Ireland set for spike in distressed sales
GLOBAL – Ireland and the US are expected to see a significant increase in distressed real estate sales in the short term, according to research from the Royal Institute of Chartered Surveyors (RICS).
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News
PGGM won over by SLI's responsible investment credentials
NETHERLANDS/UK – PGGM, the Dutch pension fund asset manager, has invested €75m in a UK shopping centre fund managed by Standard Life Investments.
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News
Survey shows UK pension funds to increase real estate exposure
UK – More than one-third of UK pension funds with existing real estate investments are actively looking to increase their exposure, while a small number remain unsure about the asset class, according to a survey by Aberdeen Asset Management.
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News
AP4 acquires €565m of Swedish residential assets
SWEDEN – The Fourth Swedish National Pension Fund (AP4) has made one of the largest ever residential investments in the country.
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PropertyEU Archive
Dutch pension fund invests EUR 75m in UK mall trust
Dutch pension investor PGGM has announced it is investing about EUR 75 mln in Standard Life Investment's UK Shopping Centre Trust. The investment is based on an agreement between PGGM and SLI, one of the larger managers of real estate funds in Europe, signed in December 2009.
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PropertyEU Archive
Europe and US to see biggest pick up in distressed sales: RICS
Europe and the US are set to see the biggest rise in distressed sales, according to the RICS Global Distressed Property Monitor Q1 2010 published on Monday.
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PropertyEU Archive
Klepierre, Icade in EUR 400m mixed-use project near Paris
French property companies Icade and Klépierre Ségécé are investing EUR 400 mln to develop the Millénaire regional shopping centre in Aubervilliers, north of Paris.
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PropertyEU Archive
Acciona sells Madrid building for EUR 51m
Spanish lender Banco Sabadell has acquired the corporate headquarters of technology group Telvent in the Alcobendas district of Madrid from Acciona Inmobiliaria for EUR 51 mln. The acquisition was carried out on behalf of Sabadell's BS Inmobiliario fund and reflects an initial yield close to 9%.
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PropertyEU Archive
China Real Estate Opps moves listing from London to Singapore
China Real Estate Opportunities (CREO) announced on Monday that its shareholders have backed moving the company's listing from the Alternative Investment Market (AIM) in London to Singapore. CREO's listing on AIM will now be cancelled and shareholders will receive five units in Treasury China Trust (TCT) for each CREO share ...
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PropertyEU Archive
Berggruen wins bid for Karstadt
Private equity firm Berggruen Holdings has won the bid for insolvent German retailer Karstadt, insolvency administrator Görg said late on Monday in a statement.
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PropertyEU Archive
Colonial launches EUR 2b capital increase
Madrid-listed real estate firm Colonial is launching a EUR 1.95 bn capital increase in a bid to 'strengthen its financial structure in the long term and support the company's strategic plan'.
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PropertyEU Archive
ABN Amro relaunches property financing activities
ABN Amro Bank is to re-launch its real estate financing activities after a years-long absence from the market. The lending arm will draw on the existing expertise within the bank and that of its merger partner Fortis Bank.
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PropertyEU Archive
Reyal Urbis swaps EUR 175m of property for debt
Spanish property developer Reyal Urbis has agreed to exchange EUR 175 mln worth of real estate for debt held by lender Banco Sabadell. The Spanish developer last month restructured its credit facilities with a consortium of 51 financial institutions.
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PropertyEU Archive
Galotti transfers EUR 200m worth of projects to new funds
Italian firm Galotti has transferred a number of development projects to the Q2 and Q3 value-added funds, which will be managed by asset manager Quorum. The commercial projects will entail a total investment of EUR 200 mln.
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PropertyEU Archive
NewRiver Retail acquires UK retail portfolio from Redevco
AIM-listed NewRiver Retail has announced it has exchanged contracts with European retail property manager Redevco to acquire a portfolio of six long leasehold UK retail assets for a total of £19.1 mln (almost EUR 23 mln).
