Latest reports – Page 3245
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PropertyEU Archive
Real I.S. acquires E.on Bayern HQ project for EUR 70m
Munich-based real estate investor Real I.S. has acquired an office building which will house the Bavarian headquarters of energy company E.on for EUR 70 mln. Property adviser BNP Paribas Real Estate acted for the vendor, German developer Fay Projects. Real I.S. is to develop the project in a joint venture ...
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News
Alecta gains ground in Stockholm
SWEDEN – Swedish property company Jernhusen has sold a land site under the World Trade Center (WTC) in Stockholm to Alecta Pensionsforsakring, and bought neighbouring property Orgelpipan 6 from Folksam.
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News
NY Common adds $200m to affordable housing
UNITED STATES - The New York State Common Retirement Fund has made another $200m (€134m) investment with the Community Preservation Corporation to extend its existing relationship.
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News
Aviva pensions vehicle buys a stake in Sainsbury’s
UK – Aviva Investors’ pooled UK real estate vehicle for pension funds has returned to the market by agreeing to buy a Sainsbury’s food store under development in County Durham, England.
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News
UK pension fund sells LandSecs HQ
UK – LaSalle Investment Management has sold the headquarters of Land Securities in London on behalf of an unnamed pension fund client.
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News
GI Partners fund attracts fresh pension fund assets
UNITED STATES - GI Partners has raised $1.9bn (€1.3bn) for its latest commingled fund, GI Partners Fund III, through a mixture of both new and existing pension fund capital, although the firm failed to meet its $2.5bn fundraising target.
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News
IVG Immobilien to cast its net wider
GERMANY - German-based fund manager IVG Immobilien, which has €22.7bn of assets under management, is planning to broaden its client base.
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News
Savills sets focus on real estate alternatives
UK – Savills has launched a series of papers to identify alternative property sectors, in response to unprecedented volatility seen in the mainstream UK commercial real estate market.
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News
ING to divest investment management
NETHERLANDS - ING will split its banking and insurance businesses and divest all of its asset management operation within four years.
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PropertyEU Archive
Freeport on acquisition trail after sealing EUR 172m facility
Freeport has announced it is returning to the acquisition trail after signing a five-year, EUR 172.5 mln bank facility with Bank of America Merrill Lynch.
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PropertyEU Archive
Argan buys 36,000 m[sup]2[/sup] of logistics space from Gecina
French logistics investor and developer Argan has bought a class-A logistics platform in Roissy en Brie, in the Ile-de-France region, from Gecina for an undisclosed amount.
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PropertyEU Archive
Rockspring appoints Edmund Craston as MD
Rockspring Property Investment Managers has appointed Edmund Craston as partner and managing director. Craston will work alongside CEO Robert Gilchrist on the ongoing strategic development and expansion of Rockspring's fund management platform and the day-to-day running of the business.
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PropertyEU Archive
Land Secs sells Welwyn Garden City mall for EUR 53m
Land Securities confirmed on Monday that it has exchanged contracts for the sale of its long leasehold interest in The Howard Centre, Welwyn Garden City, Hertfordshire to LaSalle Investment Management for approximately £48 mln (EUR 53 mln).
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PropertyEU Archive
Sjaelso says 2010 will be 'a challenging year'
Danish property company Sjaelso expects to post a pre-tax loss of DKK 450 - 550 mln (EUR 60-74 mln) in the current year, with 2010 forecast to remain 'challenging' for the property market. In a statement this week, the company said it will likely remain in negative territory next year, ...
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PropertyEU Archive
F&C completes largest distribution deal in British Midlands
F&C Commercial Property Trust announced on Tuesday that it has acquired three warehouses at Hams Hall National Distribution Centre near Birmingham in the UK for £34.8 mln (EUR 38 mln). The investment volume reflects a net initial yield of 9%.
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PropertyEU Archive
St David's mall in Cardiff opens major new extension
The major new extension of St David's shopping centre in Cardiff opened last Thursday after three years in construction, offering over 50 new shops in a transformed city centre. The shopping centre is owned by St David's partnership, a joint venture between Land Securities and Capital Shopping Centres. The extension ...
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PropertyEU Archive
Zublin signs lease for most of Holbeinstrasse property in Zurich
Züblin Immobilien said it has signed a 15-year lease with the Zurich office of international law firm Baker & McKenzie for roughly 4,200 m[sup]2[/sup] in its Holbeinstrasse 22-30 property.
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PropertyEU Archive
LaSalle confirms first acquisition for office venture fund
LaSalle Investment Management confirmed on Tuesday that it has made its first acquisition in Continental Europe with the purchase of Le Blériot office building in Suresnes, Paris for a figure close to EUR 100 mln. The deal was signalled by PropertyEU and other media sources last week.
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PropertyEU Archive
Milan municipality launches EUR 100m real estate fund
The municipality of Milan is moving forward with its strategy to extract value from its real estate assets with the launch of a second property fund. The creation of the fund, with a target size of EUR 100 mln, comes two years after the launch of a first property vehicle, ...
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PropertyEU Archive
Deutsche Pfandbriefbank sells CDOs
Munich-based Deutsche Pfandbriefbank said on Tuesday it has sold distressed Collateralised Debt Obligations (CDOs) with a notional value of EUR 759 mln to bolster its balance sheet ratios. The portfolio consists primarily of US structured finance assets. The transaction resulted in a small single-digit million euros book gain.
