Latest reports – Page 3403
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PropertyEU Archive
Hansainvest acquires UK logistics property for EUR 38m
German fund manager Hansainvest has acquired a logistics property in Leicester, UK for EUR 38 mln from Goodman Group. The asset was acquired on behalf of its Hansareal 1 institutional fund.
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PropertyEU Archive
Savills financial director leaves
Mark Dearsley is stepping down from his position as group financial director of international property adviser Savills. The company said he is leaving to start a new career with specialist annuity provider Partnership Assurance, which was recently acquired by European private equity firm Cinven.
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PropertyEU Archive
Hypo merges its two real estate banks
Troubled Hypo Real Estate Group has announced the completion of the merger between its two real estate banking units, Hypo Real Estate Bank International and Hypo Real Estate Bank.
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PropertyEU Archive
UK retailer Woolworths files for administration
Iconic UK high-street retailer Woolworths is filing for administration following the collapse of talks on Wednesday evening to save the debt-laden business. The demise of 99-year-old Woolworths puts 30,000 jobs at risk, making it the largest retail failure in the UK for years.
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News
NAREIT reveals an uncertain future for REITs
UNITED STATES - The National Association of Real Estate Investment Trusts’ annual convention in San Diego last week confirmed there is serious concern about the future of the REITs market in the current climate and how that will play out over the next couple of years.
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News
Texas Teachers considers mezzanine debt
UNITED STATES - Teacher Retirement System of Texas may be one the of few US pension funds to make a major investment this as officials are thinking of investing $150m (€116.9m) in mezzanine debt.
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News
Schroder sees a future in ‘blind funds’
UK – Blind funds are likely to attract institutional investors entering the property market, according to William Hill, head of property at Schroders.
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News
UK REITs could turn market liquidity - Deloitte
UK – UK residential Real Estate Investment Trusts (REITs) will be attractive propositions for institutional investors and could help bring liquidity into the market, according to experts attending an IPD pre-conference meeting in Brighton yesterday.
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News
UK Reits to struggle but better Europe - managers
UK – UK REITs are entering unprecedented waters and are unlikely to achieve strong investor interest for at least a couple of years, according to Brend Stahli from Merrill Lynch.
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News
Shake-up at ING RE Canada
CANADA - ING Real Estate announced is making significant management changes to its Canadian subsidiary and losing five members of its senior team.
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News
T.Rowe Price turns attention to globe real estate
US/GLOBAL – US-based asset manager T. Rowe Price is launching a global real Estate strategy in a bid to expand its global investment opportunities.
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News
Empty rates reform are 'empty promise'
UK - UK government proposals to temporarily scrap rate for empty properties with an estimated value of less than £250,000 (€299,110) are nothing more than empty spin and do little to help the market, according to property experts.
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News
North Yorks awards ING global property mandate
UK – North Yorkshire County Council has agreed to appoint ING Real Estate as global property manager for its £1.07bn (€1.26bn) local government pension fund.
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News
New Star loses shine with real estate investors
UK – The £673m (€811m) New Star International Property fund has been forced to temporarily suspended dealings following an increase in redemptions from institutional clients.
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PropertyEU Archive
Colonial gives banks option to acquire FCC, SFL stakes
Spain's troubled property group Colonial is offering its creditor banks an option to acquire its 15.45% stake in construction group Fomento de Construcciones y Contratas (FCC) as well as its 33% interest in French property firm Societe Fonciere Lyonnaise (SFL). In a statement to the Spanish stock market authorities CNMV, ...
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PropertyEU Archive
Montea appoints Verlinde as CFO
Belgian listed property investment company Montea has appointed Peter Verlinde to the position of Chief Financial Officer. The function was previously held by Frédéric Sohet, Montea's Chief Executive, but the company said that the need for a director of finance within the group recently became clear in view of Montea's ...
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PropertyEU Archive
Metrovacesa in talks to sell HSBC building back to bank - report
Spain's largest property company Metrovacesa is reportedly in talks to sell the HSBC building in London's Canary Wharf back to the bank as its £810 mln loan on the asset matures on Thursday, Bloomberg reported. According to the news agency, the two groups are negotiating the price for the sale ...
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PropertyEU Archive
Siemens transfers 9 million m[sup]2[/sup] to its real estate arm
German electronic equipment manufacturer Siemens is bundling the group's entire real estate portfolio in its international real estate arm Siemens Real Estate (SRE). Siemens currently has around 18 million m[sup]2[/sup] of office and production space worldwide, and SRE previously administered only about half of it. The remaining space is managed ...
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PropertyEU Archive
Ric Lewis leaves AEW Europe over culture clash
Ric Lewis is stepping down from his post as senior managing director and chief investment officer of European real estate investment manager AEW Europe and CEO of its London-based unit Curzon Global Partners, market sources have told PropertyEU.
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PropertyEU Archive
Atrium set to launch buy-back programme, opens two malls in Poland
CEE shopping centre developer and investor Atrium European Real Estate said that it intends to propose a resolution to shareholders to authorise the buy-back of up to 50 million company shares. It added that the resolution will be voted on during an Extraordinary General Meeting (EGM) to be convened by ...
