Latest reports – Page 3266
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PropertyEU Archive
Global downturn hits half of world's top shopping streets: C&W
More than half of the world's most prestigious shopping streets have been affected by the global economic downturn, with 54% of the 274 streets monitored by real estate adviser Cushman & Wakefield seeing their prime rents fall. Six of the 10 top shopping streets are located in Europe.
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PropertyEU Archive
Planning cleared for Dublin's Ballymun Town Centre
Real Estate Opportunities (REO), developers of the Battersea Power Station site, has secured full planning permission for the EUR 800 mln regeneration of Ballymun Town Centre in north Dublin close to the airport.
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PropertyEU Archive
Prologis closes two financings for PEPF II
Prologis has completed two financing deals totalling EUR 133 mln on behalf of Prologis European Properties Fund II (PEPF II). Proceeds from the financings were used to pay down PEPF II's warehouse line of credit.
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PropertyEU Archive
Accor sells 158 hotels in France for EUR 272m
France's Accor has announced the sale and leaseback of 158 budget hotels representing a total of 12,300 rooms in France. The transaction price amounts to EUR 272 mln.
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PropertyEU Archive
Minerva concludes £750m debt refinancing
Minerva said on Tuesday that it has refinanced, extended or restructured loan facilities in excess of £750 mln (EUR 828 mln). The UK property developer-investor said key financial loan covenants have been deferred or removed altogether, with no scheduled loan maturities in the current or next financial year.
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News
UK real estate has bottomed, claims IPD
UK – The commercial real estate market in the UK bottomed out in July, according International Property Databank.
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News
Progress almost complete on real estate disposal
NETHERLANDS – Progress, the Dutch pension fund of food giant Unilever, is close to completing the disposal of its entire directly-held real estate portfolio.
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News
Borrowing costs are improving - JLL
GLOBAL – There is growing evidence that the cost of borrowing in the global unsecured real estate debt markets is finally starting to fall, according to Jones Lang LaSalle.
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News
BAE Pension taps coastal space
UK – The pension fund of BAE Systems in the UK has bought a retail warehouse through property fund managers LaSalle Investment Management.
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News
Birmingham shoppers to support Australian pensions
AUSTRALIA/UK – The Australian government’s Future Fund has bought a 33% stake in the Bullring in Birmingham, England from Land Securities.
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News
Invesco eyes slush fund over real estate distributions
UNITED STATES - Invesco Real Estate may cease issuing quarterly distributions to investors in its Invesco Core Real Estate Fund during the third quarter, in favour of building additional cash reserves for the fund.
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MagazineCarefully does it is the real estate order for Germany
Risk, control and manager service levels top the agenda in Germany, discovers Martin Hurst.
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News
Texan pension funds kickstart shift back into real estate
UNITED STATES - Texas Permanent School Fund is hoping to become a major player in real estate over the next four years and invest up $1bn (€686.7m), just as local rival Teacher Retirement System of Texas has appointed LaSalle Investment Management to run a special real estate vehicle specialising in ...
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Magazine
Pass the Duchy – but stop for a SICAV
New funds are opting for the Luxembourg SICAV structure to source scarce liquidity Shayla Walmsley reports
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News
SBZ completes investment outsourcing in tough market
NETHERLANDS – SBZ, the €2.3bn pension fund for health insurance employees, has completed the final stage of its outsourcing to Russell Investments and moved its indirect real estate holding to the asset manager, following a sale of its direct domestic holdings.
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MagazineSurge on hold
A new survey shows that commitment to Asia is set to increase, particularly in China, and that a local manager is critical. Dasha Kruchkoff reports
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MagazineJump through government hoops
In spite of a recent wobble in China’s stellar statistics, transaction volumes are increasing and the end of the year may present good opportunities. First, foreign investors must negotiate the obstacle course that is the government approval process, as Paul Benjamin reports
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MagazineLessons from history
There is great diversity in the long-term growth trends of European markets. Understanding historical trends is crucial in determining future growth trends and pricing levels, as Petra Blazkova reports
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MagazineWindow on the capital
Time to invest in central London office? The end of the year may be a good opportunity, but investors must move quickly, says Clive Castle
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MagazineThe hub of the matter
Compelling fundamentals may present excellent opportunities for investors prepared to venture into Turkey’s opaque real estate market, although political tensions never seem far away. Paul Benjamin reports
