Latest reports – Page 3300
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PropertyEU Archive
Hochtief begins work on PortAL 10 in Munster
Hochtief Projektentwicklung is starting work on the new PortAL 10 office and service building in Münster. When completed in the autumn of 2010 the property at Albersloher Weg in Münster's harbour district will comprise 7,500 m[sup]2[/sup] of gross floor space. Prior to the start of construction, two complete floors - ...
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PropertyEU Archive
ING REIM signs up TK MAXX at Sarni Stok in Poland
ING REIM and TK MAXX have signed a lease agreement for retail space in Sarni Stok shopping centre in Bielsko-Biala. TK MAXX is planning to open its store in October 2009.
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PropertyEU Archive
Accor appoints new directors in Germany, Netherlands
Hotel chain Accor has appointed Peter Verhoeven as the new managing director of Accor Hospitality in Germany. He previously held the same position in the Netherlands and will be succeeded in this post by Caro van Eekelen.
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News
Texas Teachers makes industrial acquisition
UNITED STATES - Teacher Retirement System of Texas has made one of the largest industrial acquisitions of the year by investing $410m (€292.8m) into TLF Logistics.
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News
Hercules receives backing from pensions giant
CANADA/UK - The Canada Pension Plan Investment Board (CPPIB) has injected £100m (€118m) into the Hercules Unit Trust (HUT), a UK retail warehouse fund run by British Land and Schroders, which is in the process of restructuring its £800m debt facility.
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News
BT pension fund sells miner’s head office
UK – Hermes Real Estate has sold 20-24 Carlton House Terrace, the UK headquarters of Anglo American, for £66.5m (€78.3m) on behalf of the BT Pension Fund.
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News
Danish doctors sell offices to Aberdeen
DENMARK – The Doctors’ Pension Fund in Denmark, Lægernes Pensionskasse (LP), has sold two fully-let offices in Copenhagen to Aberdeen Property Fund Denmark, but will be paid half of the €17.8m acquisition price in cash and half in fund shares.
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News
Pramerica creates high-yield debt platform
UNITED STATES - Pramerica Real Estate Investors has created a team as part of a move to put together a high-yield debt platform to conduct transactions on a global basis.
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News
Henderson prepares for two-tier sustainability
UK – Henderson Global Investors is aiming to “future proof” its UK real estate assets against the emergence of a sustainability-led two-tier market, the fund manager announced today in its first responsible investment report (RPI).
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PropertyEU Archive
HGI launches two Italian real estate funds
Henderson Global Investors SGR has launched two new real estate funds dedicated to the Italian real estate market. The investment vehicles, DSPF1 Italia and DSPF2 Italia, are closed-end funds reserved for institutional investors.
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PropertyEU Archive
SPDE launches EUR 77m private placement
Scandinavian Property Development (SPDE) has unveiled an oversubscribed private placement which will raise NOK 700 mln (EUR 77.3 mln) to strengthen the company's financial position. In a press release, SPDE said that the placement is subject to the approval of the company's general meeting on 14 July.
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PropertyEU Archive
Hercules Unit Trust secures EUR 100m investment
Hercules Unit Trust has announced that Canada Pension Plan Investment Board, a major global investor, has made a £100 mln capital investment into the Trust.
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PropertyEU Archive
Fabege signs lease for Solna Business Park
Food company Axfood has signed a 10-year contract to lease office space and wholesale premises in Fabege's Fräsaren 10 property in Solna Business Park near Stockholm.
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PropertyEU Archive
Hahn retail fund raises EUR 30m in new commitments
The Hahn Group's German retail fund raised some EUR 30 mln in equity from international subscribers in the first half of 2009, bringing total fund equity to around EUR 155 mln. This means that the fund has acquired over 50% of the target equity volume of some Euro 300 mln ...
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PropertyEU Archive
Pramerica leases 3,800 m[sup]2[/sup] of office space in Paris
Pramerica has leased 3,800 m[sup]2[/sup] of space in its Bristol office building in Vincennes, France to Altadis Distribution. The scheme has been let with a lease term of six years. The rental price was not disclosed.
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PropertyEU Archive
Development Securities unveils share issue
UK property developer Development Securities has unveiled a fully underwritten share issue to raise proceeds of around £100 mln (EUR 117 mln). The company said the anticipated net proceeds of approximately £94 mln will be used to capitalise on opportunities early in the property development cycle and enhance the Group's ...
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PropertyEU Archive
HIH Global Invest swoops on London office property
HIH Global Invest, the fund management company of HIH Hamburgische Immobilien Handlung, said it has bought the Friary Court office building in London's financial district for around £42.6 mln (around EUR 50 mln). The seller was LaSalle Investment Management.
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PropertyEU Archive
JLL extends sustainability services to Europe
Jones Lang LaSalle (JLL) is extending its sustainability risk mapping product known as the Third Dimension to clients in Europe. Originally developed by Upstream in 2005, the Third Dimension enables investors to compare forecast risk and total return (the first two conventional dimensions of property investment analysis) with sustainability.
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PropertyEU Archive
JLL to manage 34,000 m[sup]2[/sup] of retail space in Madrid
Jones Lang LaSalle said that it has been appointed to manage La Fuensanta and Kinepolis shopping and leisure centres in Madrid.
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PropertyEU Archive
Bouwfonds buys UK hospital car park
Bouwfonds European Real Estate Parking Fund has purchased its fifth car park in the UK. The transaction price came to £10 mln (EUR 11.7 mln).
