Latest reports – Page 3142
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PropertyEU Archive
Bulgaria's Mall attracts 1.5 million visitors
The Mall - the largest shopping centre in Bulgaria, has attracted 1.5 million visitors within a month of opening in Sofia, according to centre manager Frank Whiting.
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PropertyEU Archive
Allianz RE seals purchase of Le Colisee in Paris
German investor Allianz Real Estate has completed the acquisition of 100% of the Le Colisée office building in the Paris business district of La Défense from Icade's Compagnie La Lucette.
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PropertyEU Archive
BXR takes control of German resi portfolio
Netherlands-based BXR Real Estate Investment has completed one of the largest residential portfolio transactions in Germany so far this year by acquiring a 59% stake in the listed Danish Tower Group.
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PropertyEU Archive
ECE and Alpha join forces on logistics project
ECE Projektmanagement and Alpha Industrial are constructing a new logistics center for the company Cebal Verpackungen in Scheßlitz near Bamberg, Germany. Internationally active logistics provider Kühne + Nagel will operate the centre.
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PropertyEU Archive
Sveafastigheter sells Swedish hotel and convention centre
Swedish private equity real estate firm Sveafastigheter has sold a hotel and convention centre in the city centre of Växjö, Sweden. The buyer is the AXA REIM-managed EUR 500 mln Alternative Property Income Venture (APIV) fund. The transaction price amounts to SEK 139 mln (nearly EUR 15 mln).
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PropertyEU Archive
Karstadt sale delayed until 9 June
The sale of insolvent German department store chain Karstadt has been delayed until 9 June with three bids on the table. Administrator Klaus Hubert Goerg said in a statement that the bidders include the Highstreet consortium - which owns the majority of Karstadt’s stores, German-Swedish financial investor Triton and private ...
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MagazineShaken but not deterred
Although confidence in non-listed funds has suffered in the wake of the downturn, increasing international diversification should help to revive interest in these funds, says Paul Mitchell
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Magazine
Gearing up for a new era
Investor appetite for leverage in real estate funds has waned since the fallout of the financial crisis. Is there going to be a role for gearing in real estate funds? If so, what is the optimum level? Richard Lowe put these questions to three pension fund investors, a consultant, a ...
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Magazine
Build trust
Following a recent INREV report showing that life and pension funds are looking to reduce their exposure to non-listed indirect real estate investments Deborah Lloyd argues it is more important than ever for fund managers to demonstrate that their interests are closely aligned with those of investors and that they ...
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MagazineJoined up thinking
The downturn has highlighted the need to improve integration of internal processes within investment management firms. But with recovery underway, will managers forget their good intentions? Christine Senior reports
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Magazine
Trousers down
In 2008 the German property company and fund management house IVG made a loss of €457.1m, a shock to the system after the healthy profit of €301m recorded in the previous year. As the soul-searching began, Gerhard Niesslein took over as spokesman of the board. Today, just over a year ...
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MagazineShedding the pariah status
Poor governance has been a feature of the Austrian listed real estate industry. But, finally, it is getting its act together, says Holger Schmidtmayer.
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MagazineBootstrapping property
Property’s short time series is one of a number of factors that hinder the analysis of its allocation in the multi-asset portfolio. Rahul Srivatsa offers an alternative method
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MagazineThe search for returns
In the wake of the financial crisis, investor demand focused on core products in well-established markets. But now investors are moving up the risk curve once again, writes Christine Senior
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MagazineBoring is beautiful
Income has accounted for the majority of returns to commercial real estate investors, and is one of the major driving forces behind market movements. Greg MacKinnon reports
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PropertyEU Archive
Food giant gets a taste for Poland
The Warsaw office of international property consultant King Sturge advised in a transaction in which Associated British Foods (AB Foods) has taken over 26,000 m[sup]2[/sup] of production and warehouse space near Poznan in west-central Poland.
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PropertyEU Archive
Real estate sector to miss 2020 sustainability target: RICS
One in five surveyors globally believe that 90% of the commercial real estate stock will still fall short of meeting good sustainable standards by 2020 without a rethink of green incentives, according to the RICS survey of commercial property agents due to be released on Friday.
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PropertyEU Archive
Norway's Storm RE in capital hike to fund acquisitions
Norwegian investor Storm Real Estate is hoping to raise up to NOK 506 mln (EUR 65 mln) in a capital increase to be launched on Oslo's stock exchange next month. The fund, which is managed by Storm Capital Management, said in a statement that it has applied for the listing ...
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PropertyEU Archive
APF International buys office property in Zwolle
APF International has acquired a 9,970-m[sup]2[/sup] office building in the Dutch city of Zwolle on behalf of Fotex Netherlands, the Dutch subsidiary of Hungarian-listed holding company Fotex. The 'La Grande Vitesse' property, which includes 126 parking places, was sold by ING Dutch Office Fund. The financial details were not ...
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PropertyEU Archive
MSREF raises EUR 3.8b for global opportunity fund
Morgan Stanley Real Estate has reportedly raised EUR 4.7 bn (EUR 3.8 bn) from investors for its new opportunity fund MSREF VII Global. The fund will focus on the US, Japan and Western Europe.
