Latest reports – Page 3231
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PropertyEU Archive
UPP completes £115m deal with the University of Nottingham
University Partnerships Programme (UPP) said on Tuesday that it has closed a £115 mln (EUR 127 mln) transaction with the University of Nottingham.
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PropertyEU Archive
Multi's Boulevard Nesselande opens in Rotterdam
Multi Vastgoed, the Dutch arm of Multi Corporation, said on Tuesday that the Boulevard Nesselande mixed-use scheme has opened in Rotterdam. The complex is the first waterside residential, retail and recreational scheme in the Netherlands.
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PropertyEU Archive
Crimson acquires Park Inn London from adminstrators
Crimson Hotels has bought the Park Inn London at Russell Square out of administration for an undisclosed amount. Christie + Co, a business agent in the hospitality, leisure, care and retail sectors, acted on behalf of Ernst & Young, administrators of W G Mitchell (Guernsey).
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PropertyEU Archive
DTZ brokers 13,000 m[sup]2[/sup] of leasing deals in Prague
Global real estate consultant DTZ said on Tuesday it has sealed the largest office leasing transactions in the Czech Republic so far this year with the letting of around 13,000 m[sup]2[/sup] of office space to Germany's energy group RWE and the Czech IT company ICZ.
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PropertyEU Archive
Sabadell buys its former Barcelona HQ for EUR 20m
Banco Sabadell has purchased its former Barcelona headquarters from the investment holding company of the Andorran Reig family for around EUR 20 mln. The head office located on Barcelona's Paseo de Gracia has remained vacant since the Spanish lender relocated to a new building five years ago.
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PropertyEU Archive
Distressed sales increasing across Europe: RICS
More than 80% of the countries surveyed in the RICS Global Distressed Commercial Property Monitor experienced an increase in distressed commercial property sales during the third quarter of 2009, according to new research published by the UK-based organisation.
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PropertyEU Archive
Building council challenges sector to deliver 50% CO2 cuts by 2020
The UK Green Building Council is calling on the real estate industry to slash its carbon emissions by 50% between now and 2020. In a speech to the body's annual conference on Tuesday, UK Green Building Council CEO Paul King urged the industry to recognise the role it can play ...
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PropertyEU Archive
Retail element of Bonarka City Center opens in Krakow
Trigranit has opened the shopping centre stage of Bonarka City Center (BCC) in Krakow, Poland. According to the developer, BCC is the largest and most state-of-the-art shopping, entertainment and service centre in the Malopolska region.
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PropertyEU Archive
Fabege sells property holding to joint venture
Swedish property company Fabege is forming a new residential property company together with Peab and Brinova to own and develop rental apartments.
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PropertyEU Archive
Conwert buys residential properties in Vienna for EUR 24.5m
Austrian firm Conwert Immobilien Invest SE has acquired six apartment buildings from an Austrian insurance company. The transaction volume was about EUR 24.5 mln.
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News
Swedish pensions break into secure locations
SWEDEN – A consortium of Swedish pension funds has purchased two ongoing real estate projects from developer Skanksa, which specialise in crime prevention.
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News
CalPERS endures fresh $4.2bn real estate hit
UNITED STATES – The California Public Employees Retirement System has revealed it suffered a $4.2bn (€2.82bn) loss on its real estate portfolio during the second quarter of 2009.
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News
Germany revisits real estate redemptions pressure
GERMANY – Redemption freezes have been reinstated on a number of German open-ended funds (GEOFs), including Aberdeen Immobilien Kapitalanlagegesellschaft’s (formerly DEGI) and the DEGI Europa and DEGI International funds, which both include institutional money.
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News
Cornerstone moves into Europe via Protego
GLOBAL – Protego Real Estate Investors has been bought by Cornerstone Real Estate Advisers, a wholly-owned subsidiary of the Massachusetts Mutual Life Insurance Company (MassMutual).
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News
Gellatly's FoFs follow to Aviva
EUROPE – Aviva Investors has taken over the management of BlackRock’s European fund of funds vehicles following fund manager John Gellatly’s move from the latter to the former in September 2009.
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News
Pension funds buy up retail targets
UK – LaSalle Investment Management has purchased a shopping centre in the UK on behalf of one pension fund client and secured new tenant leases for two others.
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News
NYSTRS extends separate account contracts
UNITED STATES - New York State Teachers Retirement System has agreed to extend the manager contracts with three separate account managers for a non-US REIT investment strategy.
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News
Pension funds to up focus on 'creeping' climate change
EUROPE – A group of UK-based institutional investors, including the Universities Superannuation Scheme (USS), has urged investors to engage with companies and policymakers on the issue of climate change adaptation, and to incorporate the related risks into their analysis and decision-making.
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News
CBRE takes over Merseyside contract
UK – The Merseyside Pension Fund has appointed CB Richard Ellis Real Estate Finance as its strategic property adviser, replacing Savills , following a detailed tendering exercise.
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PropertyEU Archive
ICSC announces finalists for 2010 European Awards
The International Council of Shopping Centers (ICSC) has named the 2010 European Shopping Centre Awards finalists. Some 19 centres have made it onto the short list of finalists which represent eight countries across Europe.
