Latest reports – Page 3250
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PropertyEU Archive
AMB obtains EUR 232m refinancing deal
Global industrial real estate specialist AMB has announced that it has refinanced a $325 mln (eur 218.4 mln) senior unsecured term loan facility, which was set to mature in September 2010.
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PropertyEU Archive
Aberdeen signs asset management deal in Netherlands
The Dutch arm of Aberdeen Property Investors has signed an asset and property management contract with Hamburg's HSH Real Estate for a 29,000 m[sup]2[/sup] retail unit in Amsterdam. The unit at Sijsjebergweg in the Dutch capital was bought by LB Immo Invest from Borghese Real Estate and is leased to ...
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PropertyEU Archive
IVG pulls off 5 new sales to meet EUR 1bn disposal target
IVG Immobilien announced on Friday that it has already achieved its target of EUR 1 bn of asset divestments by 2010. The sale target was the second major element of a restructuring programme formulated by IVG at the start of the year. The firm achieved the first crucial aim earlier ...
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PropertyEU Archive
W. P. Carey Group completes EUR 10m sale-leaseback
Investment firm W. P. Carey & Co. announced that its publicly-held, non-traded REIT affiliate, CPA Global, has entered into a sale-leaseback transaction with the OBI Group totaling approximately EUR 10 mln.
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PropertyEU Archive
Belgium's Retail Estates buys 14 shops for EUR 25m
Belgian investment property company Retail Estates has acquired a portfolio of 14 shops with a total value of EUR 25 mln from an unnamed British investor, according to Belgian news reports.
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PropertyEU Archive
Skanska launches US development business
Swedish construction giant Skanska has expanded its commercial property development business to the US.
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PropertyEU Archive
Nieuwe Steen's divestment programme hits EUR 103m
Nieuwe Steen Investments (NSI) has sold four Dutch properties for a total of EUR 15.3 mln. The sales bring the volume of the Dutch firm's divestment programme of small, management-intensive properties, which was launched in September 2008, to EUR 103 mln. The proceeds are being used to reduce debt and ...
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PropertyEU Archive
DIC leases 1,350 m[sup]2[/sup] in Munich Airport Business Park
DIC Asset has announced it has secured two further leasing deals at its property in the Munich Airport Business Park in Hallbergmoos, Germany. Sensor manufacturer Keyence Deutschland GmbH prematurely extended its lease agreement for 400 m[sup]2[/sup] at Lilienthalstraße 17, only a short distance from Munich Franz-Josef-Strauß Airport, by several years. ...
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PropertyEU Archive
Klepierre sells two Paris assets for nearly EUR 200m
French listed property company Klepierre has signed agreements to sell two commercial properties in the heart of Paris for a total of EUR 198.5 mln. The assets consist of an office building located at avenue Kléber leased for two thirds to Credit Suisse and the rest to Veolia Environnement.
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PropertyEU Archive
Austria's Immoeast sells stake in Bulgarian REIT
Vienna-based real estate developer Immoeast has sold its 42% stake in Sofia-based real estate investment trust Prime Property, Bulgarian newspaper Dnevnik reported, citing sources close to the transaction. According to the paper Immoeast has sold its interest in the Bulgarian investment firm to local companies Delta Food and Global Tours.
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PropertyEU Archive
Prime rents continue to fall but bottom is near: BNP
Prime rents continued to fall across Europe by 1% in the third quarter of 2009, but the bottom is near, according to real estate adviser BNP Paribas Real Estate's latest Office Market Indices. Take-up on the other hand plunged 14%, the strongest fall since the beginning of the crisis.
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PropertyEU Archive
Pramerica: potential for long-term income to match liabilities
A liability-driven investment strategy built on the UK property markets could provide institutional investors with the kinds of returns that will help to match long-term obligations and manage risk, according to a recent report from Pramerica Real Estate Investors.
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PropertyEU Archive
CBRE Investors' Affori centre awarded Leed Silver
CBRE Investors' Affori Centre in Milan has been awarded the LEED Silver certificate. The 12,000-m[sup]2[/sup] office complex, which will be delivered in December 2009, is composed of three interconnected buildings.
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PropertyEU Archive
Neinver launches The Style Outlets concept in Europe
Spanish outlet centre specialist Neinver has announced the creation of a new outlet concept, The Style Outlets. The Company intends to consolidate all the centres it develops and operates in Germany, Italy and Portugal under the new brand.
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PropertyEU Archive
Paris court grants extension of Orco's protection from creditors
CEE property developer Orco Property Group said on Friday that the Paris commercial court has decided to grant an extension of its protection from creditors (Procédure de Sauvegarde) by a further six months. The safeguard procedure protects the company against its creditors.
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PropertyEU Archive
Qatari Diar postpones purchase of HSBC's Paris HQ - report
Qatari Diar, a unit of the Gulf State's sovereign wealth fund, has reportedly postponed the acquisition of HSBC's Paris headquarters, French paper Business Immo reported in its online edition. It remains unclear whether the transaction has really only been postponed or has actually been cancelled, the paper said.
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PropertyEU Archive
Non-listed property funds move towards consistent reporting
Adoption levels of the Inrev Guidelines on reporting continue to improve among non-listed property funds, according to an Inrev survey.
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PropertyEU Archive
BAM Group to merge real estate development units
Building firm Royal BAM Group has announced plans to merge its two operating companies active on the Dutch property market, AM Vastgoedontwikkeling and BAM Vastgoed. The new entity will operate under the name AM as from 1 January 2010.
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PropertyEU Archive
Newriver Capital appoints financial director
AIM-listed Newriver Retail has announced the appointment of Mark Davies as finance director to the board of Newriver Capital.
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PropertyEU Archive
Threadneedle appoints new head of Distribution
Threadneedle has announced the appointment of Campbell Fleming to the position of head of Distribution. Campbell will join the company in November to lead Threadneedle's global distribution function, which includes the wholesale and institutional business as well as marketing and product development.
