Latest reports – Page 3143
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PropertyEU Archive
Warburg-Henderson buys Durham industrial estate for EUR 19m
Warburg-Henderson has acquired the freehold interest in a newly developed distribution warehouse at Drum Industrial Estate, County Durham in the UK. The purchase from Gladman Developments was carried out on behalf of Warburg-Henderson's European Core Property 1 Fund. The investment volume of £16.25 mln (almost EUR 19 mln) ...
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PropertyEU Archive
Amstar, Renaissance celebrate opening of EUR 30m Istanbul mall
US real estate investor Amstar and Turkey's Renaissance Development said that their Kozzy shopping centre has opened its doors in the Kadikoy district of Istanbul. The project, which is owned on a 50/50 basis by Amstar and Renaissance, is the joint venture's first in Turkey and represents an investment of ...
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PropertyEU Archive
RBS shifts Amsterdam HQ to new office
Royal Bank of Scotland (RBS) is to move its Amsterdam headquarters to a new location in the city's Zuidas business district, the banking group said on Friday.
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PropertyEU Archive
Riabokobylko to chair ULI Russia
Sergey Riabokobylko FRICS, senior executive director and partner of Cushman & Wakefield, is the new chairman of the Urban Land Institute (ULI) Russia. In this voluntary role, Riabokobylko is replacing Arnaud Dubois, managing director and partner- IMAGIM who served as district council chairman for two years.
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PropertyEU Archive
Austrian firm gets green light for EUR 250m Zagreb mall
Austrian real estate developer m[sup]2[/sup] Immobilien has received a building permit for the construction of the Supernova Zagreb shopping centre in Buzin, just outside the Croatian capital.
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PropertyEU Archive
Germany's Lindner enters Albania with mixed-use project
Germany's Lindner Development is set to enter the Albanian market to take advantage of the forecast increase in international occupiers' demand in view of the country's potential EU accession. The Munich-based developer has hired Colliers International to provide exclusive leasing services and legal counselling on a new EUR 60 mln ...
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PropertyEU Archive
MAB and Neinver get green light for Village des Alpes
Netherlands-based MAB Development has announced that its joint venture with Spanish outlet developer Neinver has been granted the retail permit for the Village des Alpes outlet project in France.
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PropertyEU Archive
LGP acquires Guildford business park for EUR 65m
Legal & General Property has exchanged contracts to purchase Guildford Business Park from the Crown Estate for £55.215 mln (EUR 65 mln). This is the second acquisition for the £1 bn UK Property Income Fund.
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News
Illinois Municipal plans core search
UNITED STATES – Illinois Municipal Retirement Fund is to conduct a search next month for a $150m (€122.7m) investment in core open-ended commingled funds.
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News
Texas Employees makes first move into non-listed
UNITED STATES – Employees Retirement System of Texas has made its first investments in non-listed real estate funds as it seeks to build up its overall property exposure.
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News
Munich office outlook maintains focus on prime
GERMANY – Munich office rental will pick up slowly in 2010 even if there is a speedy recovery, according to a report published this week by Knight Frank.
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News
Recovery boosts forecasts for Europe, US
GLOBAL – Economic recovery has upped the prospects for long-lease prime properties in cities such as London, New York, Paris and Hong Kong, according to ING Real Estate Investment Management.
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News
BVK ‘optimises’ UK portfolio by selling assets
GERMANY/UK – Bayerische Versorgungskammer (BVK), the €43.2bn German pension fund, has sold two UK office blocks for £48m (€56.6m).
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News
Former IPD boss appointed INREV CEO
EUROPE – The European Association for Investors in Non-listed Real Estate Funds (INREV) has appointed Matthias Thomas, the founder of Investment Property Databank (IPD) Germany, as chief executive officer.
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News
And the winners of the IPE Real Estate Awards 2010 are…
EUROPE – Ärzteversorgung Westfalen-Lippe (AeVWL) was crowned Best European Institutional Investor last night at a glittering event in Amsterdam to celebrate this year’s IPE Real Estate Awards 2010.
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PropertyEU Archive
Immofinanz reaches agreement on EUR 512m debt restructuring
Austria's Immofinanz, the group resulting from the merger of Immofinanz and Immoeast, has reached an agreement with Constantia Packaging on the restructuring of a EUR 512 mln bond. The agreement puts an end to a longstanding dispute on a EUR 520 mln missing payment provided by Immoeast to Immofinanz Beteiligungs ...
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PropertyEU Archive
Commerz Real acquires logistics project in Hannover
Commerz Real announced on Thursday that it has signed the deed for the Hermes Hub Nord logistics project development in Hanover. Following its prospective completion in Q4 2010, the property will be transferred to the hausInvest europa open-ended real estate fund. The total investment volume for comes to EUR 24 ...
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PropertyEU Archive
AXA adds Immosolutions to list of frozen GOEFS
AXA Investment Managers Deutschland has added its EUR 400 mln Immosolutions vehicle to the growing list of German open-ended property funds (GOEFS) that are frozen for redemptions. The three-month suspension of equity withdrawals follows outflows in the wake of the German draft discussion document. The ban will remain in place ...
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PropertyEU Archive
New Italian asset manager launched to fill industry gap
Three former Cordea Savills directors have launched Endeavour Asset Management, Italy's first international real estate asset manager. The founders of the Rome-based company are Dominic White, Emmanuel Bordignon and Andrea Migliore. With over a dozen staff in the Italian capital and a satellite office in London, Endeavour has seen its ...
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PropertyEU Archive
Andrew Smith succeeds Backlund as Aberdeen's head of property
Aberdeen Asset Management has announced the appointment of Andrew Smith as the group's new head of property. Smith succeeds Richard Backlund who has decided to step down from full-time executive responsibility by his 60th birthday in September.
