Latest reports – Page 3379
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PropertyEU Archive
Savills names Navarro as head of capital markets in Madrid
International property broker Savills has named Jose Navarro as head of capital markets in Madrid. Navarro will also assume responsibility as assistant general manager, assisting the company's existing head of Spain, Rafael Merry del Val.
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PropertyEU Archive
Unibail-Rodamco
Dutch housing corporation Ymere has acquired the 'Huys Europa' office building in central Amsterdam from Altera Vastgoed for close to EUR 23 mln. An article published in our newsletter on 22 January incorrectly stated that international property group Unibail Rodamco had acquired the property.
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PropertyEU Archive
Atisreal sells 3 Hertie department stores
German department store chain Hertie, advised by Atisreal, has sold three department stores in Germany for an undisclosed amount. The properties are located in Wesseling between Cologne and Bonn, in Munich Giesing and in Munich Laim. The department store in Wesseling has 8,500 m[sup]2[/sup] of lettable area and 183 parking ...
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PropertyEU Archive
Jelmoli to take over Tivona with cash and share offer
Swiss retail and property company Jelmoli said on Friday that it is proceeding with the acquisition of remaining 55.5% stake in Basel-based real estate firm Tivona for CHF 60 mln (EUR 40 mln) in cash and 80,000 shares.
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PropertyEU Archive
US in talks to sell London embassy - report
The US government is in talks to sell its embassy building in London to Chelsfield Partners, a property investment company backed by Qatar Investment Authority, the Financial Times reported, without quoting sources.
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News
Maine Public Employees pushes ahead with real estate strategy
UNITED STATES - Maine Public Employees Retirement System is moving ahead with plans to grow its real estate programme, as officials will begin the search for a real estate consultant with the next six months.
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News
LACERA changes real estate benchmark
UNITED STATES - Los Angeles County Employees Retirement Association has approved a new returns benchmark for investing in real estate.
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News
UK pooled funds lose almost a third
UK – Total annual returns for all pooled property funds hit -32% over 2008, according to the IPD UK Pooled Property Fund Indices’ fourth quarter results for 2008.
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News
Teesside hires LVAM to manage real estate
UK – The £2bn (€2.1bn) Teesside Pension Fund, administered by Middlesbrough Council, has appointed LV Asset Management (LVAM) to manage the pension fund’s direct UK commercial property portfolio.
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News
Infrastructure investors to buy Puget Energy
US – Puget Holdings LLC, a group of long-term infrastructure investors which includes the Canada Pension Plan Investment Board (CPPIB), expects to buyout Puget Energy and its wholly-owned subsidiary Puget Sound Energy (PSE) by early February.
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News
Morgan Stanley reopens revised infrastructure pool
UNITED STATES – Morgan Stanley Investment Management (MSIM) has re-opened its Morgan Stanley Global Infrastructure Fund 1 to new investors in the United States, in anticipation of growing investment opportunities across the globe.
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News
Land Securities warns of tenancy pressures
UK – Land Securities is retaining a “cautious outlook” of the property markets after registering an increase in empty properties within its portfolio, and fears property will continue on a downward spiral over the coming months.
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News
Merseyside rolls real estate investment contracts
UK - Merseyside Pension Fund (MPF) has extended two major contracts for real estate investment services instead of exposing the pension fund to the pressures of the volatile property markets.
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News
Schroders to apply blind fund to Avon's strategy
UK – The £2bn (€2.12bn) Avon Pension Fund, administered by Bath and North East Somerset Council, has appointed Schroders to manage a £90m UK property multi-manager mandate.
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News
Pension fund potential in CEE infrastructure
CEE – Local investors should take the chance to grab stable investment opportunities ino Central and Eastern Europe while many foreign investors remain wary, according to Werner Weihs-Raabl, head of group infrastructure finance and public sector at Erste Group.
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PropertyEU Archive
Conwert sold EUR 200m of property in 2008
Vienna-listed property company Conwert Immobilien Invest said on Thursday that it met its target of EUR 200 mln in assets sales in 2008. The volume of sales exceeded EUR 90 mln in the fourth quarter of the year despite the acceleration of the economic downturn and the worsening in the ...
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PropertyEU Archive
Bank consortium provides EUR 400m financing for La Defense projects
A consortium of German banks has arranged a EUR 400 mln refinancing facility for the recently completed T1 tower, the B building B and the Jacques Cartier parking at La Defense in Paris.
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PropertyEU Archive
Catella sees asset management as growth area
Timo Nurminen, formerly head of Catella Property in Finland, has been appointed CEO of Amplion Asset Management, Catella's independent property asset management services firm.
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PropertyEU Archive
Qatari Diar sells 20% of Paris conference centre for EUR 100m
Qatari Diar, the real estate investment arm of the Qatari government, said on Wednesday that it is selling a 20% stake in the Centre International de Conferences in Paris to HongKong and Shanghai Hotels (HSH) for EUR 100 mln.
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PropertyEU Archive
Sonae Sierra's Loop5 mall project is 90% leased
International shopping centre specialist Sonae Sierra and Paris-listed Fonciere Euris have announced that 90% of the 56,500 m[sup]2[/sup] of gross lettable area of their Loop5 development in the southern German town of Weiterstadt is committed. The shopping and leisure project involves an investment of EUR 265 mln and is expected ...
