Latest reports – Page 3242
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PropertyEU Archive
Invesco fund acquires Radisson Blu in Hamburg for EUR 155m
Invesco Real Estate has announced it has acquired the Radisson Blu Hotel in Hamburg, Germany, for EUR 155 mln on behalf of Invesco Real Estate's European hotel fund.
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PropertyEU Archive
MIPIM invites entries for architectural awards
The designers of tomorrow's iconic architecture have been invited to submit their designs in competition for the MIPIM Architectural Review Future Project Awards 2010.
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PropertyEU Archive
Qatari Diar to buy US Embassy in London
The real estate investment arm of the Qatari government is to acquire the US embassy building in Grosvenor Square in London. The US State Department issued a statement on Tuesday to announce Louis B. Susman, the US Ambassador to the UK, had signed an agreement with the Qatari Diar Real ...
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PropertyEU Archive
Grosvenor predicts recovery for London office returns in 2010
New analysis from Grosvenor Fund Management predicts a sharp recovery in London office returns starting in 2010 and generating 12-13% pa returns over five years. This follows capital value declines in excess of 45% since mid 2007.
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PropertyEU Archive
Sovafim sells 11 Parisian properties for EUR 231m
France's Sovafim, a state-owned real estate management company, has sold the Maheu property portfolio for EUR 231 mln, excluding taxes, French business website Business Immo has reported.
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PropertyEU Archive
UK property market emerges from slump: IPD
UK commercial property capital values rose over the third quarter of this year by 1.5%, a 5.6% improvement on the previous three month period, according to the IPD UK Quarterly Property Index Q3 2009.
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PropertyEU Archive
GPR 250 Europe Index barely registers gain in October
October was a relatively quiet month for European listed real estate as the GPR 250 Europe index recorded a gain of just 0.8%. Returns were in negative territory in Germany (-10.3%), Austria (-9.9%), Turkey (Is REIT; -4.8%), Finland (-4.7%) and Switzerland (-0.6%). All other European countries in the index ended ...
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PropertyEU Archive
German real estate market 'surging': King Sturge
The King Sturge Real Estate Economy Index for Germany continued its upward trend in October at a steady, if slackening, pace compared to the previous month. The survey-based Real Estate Climate improved for the sixth consecutive time, now equalling 78.2 points (previous month: 75.6).
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PropertyEU Archive
BNPP RE signs JV with Italian real estate service provider
BNP Paribas Real Estate said on Friday that it has signed a partnership agreement with Inpartner Servizi, an Italian real estate service provider active in the north of Italy.
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PropertyEU Archive
Hines' Zielo mall opens its doors near Madrid
US privately held developer and investor Hines said that its Zielo shopping centre opened its doors last week in the Spanish city of Pozuelo de Alarcon, near Madrid. The company has invested around EUR 100 mln in the development of the mall, which includes 42 shops.The project has a total ...
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News
BP Pension Scheme rethinks real estate rental risk
UK – The BP Pension Scheme has reduced its rental risk by selling a number of UK real estate assets with lease break clauses due in the next four to six years.
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News
Pension plan brings retail shopping to the coalface
UK – LaSalle Investment Management has bought a The Howard Centre UK shopping centre from Land Securities on behalf of Coal Pension Properties, the real estate arm of the British Coal Schemes Pension Plan.
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News
UK office sees institutional resurgence
UK – An influx of cross-border investors caused investment activity in the central London office market to surge to a value of £2.7bn (€3bn) in the third quarter of 2009, according to CB Richard Ellis.
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News
European rents have settled but problems still remain - JLL
EUROPE – Prime rental levels stabilised in the majority of European markets in the third quarter of 2009, according to Jones Lang LaSalle.
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News
Texas Teachers moves into core investments
UNITED STATES - Teacher Retirement System of Texas has widened its investments in core real estate and hired three real estate managers to look after $800m (€532.7m).
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News
Illinois State funds to follow FoFs real estate path
UNITED STATES – The State Universities Retirement System of Illinois has allocated $75m (€50.1m) for a fund of funds investment strategy with Franklin Templeton Real Estate Advisors.
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PropertyEU Archive
Savills markets portfolio of four German malls
International real estate advisor Savills, on behalf of Prime Commercial Properties (PCP), is marketing a freehold portfolio of four shopping centres in Germany for a guide price of circa EUR 400 mln. The four centres, Allee-Center Leipzig, Billstedt-Center Hamburg, City-Center Chorweiler, Cologne; Haven Höövt Vegesack, Bremen, comprise 139,355 m[sup]2[/sup] of ...
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PropertyEU Archive
Dutch vacancy mananger expands service to UK
FMT vastgoedbeheer, the Netherlands-based specialist in vacancy management, is poised to open a branch in London as the first step in its international expansion.
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PropertyEU Archive
WestImmo supports Europa Capital/M7's partnership
German lender Westdeutsche ImmobilienBank (WestImmo) has agreed to support the roll out of Europa Capital and M7's Light Industrial Property Partnership (Lipp). WestImmo has initially provided funding for Lipp's first acquisitions of four industrial estates in Milton Keynes, Didcot, Basildon and Tewkesbury, for about £20 mln (EUR 22 mln).
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PropertyEU Archive
UK poised to become retail investment hotspot
The UK is poised to become a retail investment hotspot in the next few years at the expense of Central Europe, according to Alessandro Bronda, head of global investment strategy at Aberdeen Property Investors. Bronda aired the view at the PropertyNL retail conference in Amsterdam last week. PropertyNL is the ...
