Latest reports – Page 3411
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PropertyEU Archive
IVG secures EUR 910m equity for caverns vehicle
German property giant IVG said it has raised EUR 910 mln from institutional investors for its new Caverns Fund. Back in September IVG announced it was selling 70 caverns, underground storage facilities for oil and gas, to the newly created Spezialfonds for EUR 1.7 bn.
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PropertyEU Archive
Miller completes purchase of Bulgaria's largest mall
UK construction group Miller Developments has completed the purchase of Mall Varna, the largest new retail and leisure development in Bulgaria, from developer Interservice Uzunovi.
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PropertyEU Archive
Multi's Victoria Square in Belfast wins two awards
Multi Development UK has won two awards in one night for its £400 mln (EUR 475 mln) Victoria Square shopping centre scheme in Belfast. Multi was presented with the award for the Best Regeneration Project at the Belfast Awards last Friday.
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PropertyEU Archive
B&B's EUR 1.15bn deal leaves investors unmoved
Sydney-listed infrastructure and property asset manager Babcock & Brown announced a EUR 1.5 bn asset sell-off on Monday as investors concerned about the viability of the debt-laden company pushed its share price to a record low.
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PropertyEU Archive
Hall to head Rockspring Hanover PUT
Patrick Hall has been appointed chairman of the Rockspring Hanover Property Unit Trust to replace Ron Spinney who died earlier this year. Hall has been a member of the investment advisory committee at Rockspring Property Investment Managers since 2001.
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PropertyEU Archive
Hypo RE seeks more state aid in battle for survival
Hypo Real Estate, the second largest property lender in Germany, plans to ask the government for a further bailout on top of the EUR 50 bn lifeline agreed in early October. ICEO Axel Wieandt said the bank is preparing an application to Soffin, the German bank rescue fund, 'seeking further ...
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PropertyEU Archive
London and New York face competition from other cities
London and New York still rank among the world's most successful cities, but face growing competition from other global cities such as Tokyo, Hong Kong, Paris, Shanghai, Dubai and Mumbai, according to a report released Tuesday by the Urban Land Institute. The report, entitled 'City Success: What do the global ...
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News
Negative rental growth now global
GLOBAL – Rental growth has turned negative on a global scale and the downturn in emerging markets is accelerating, the Royal Institute of Chartered Surveyors (RICS) finds in its latest quarterly global report.
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News
UK sets new record for fall in capital values
UK – UK commercial property capital values fell by record levels last month, according to Investment Property Databank (IPD).
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News
UK will start to recover in 2010 – Schroders
UK – The UK commercial real estate market will not stabilise until the latter part of 2009 but should begin to recover in 2010 according to Schroder Property.
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News
PME looks for global opportunities
NETHERLANDS – Pensioenfonds van de Metalektro (PME) is diversifying its real estate exposure by investing opportunistically on a global basis.
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News
Europe to produce ‘acceptable’ returns in the medium-term
EUROPE – Investors can generate “acceptable or attractive” returns from most of the European markets over the medium-term, according to a report by Invesco Real Estate.
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News
Orion ready for European bargains
Europe – Orion Capital Managers has raised €900m of capital for its latest opportunistic property fund which will aim to buy bargain real estate across Europe.
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PropertyEU Archive
Klepierre, Segece open Madrid's largest mall
French property group Klepierre and its management arm Segece opened the new La Gavia shopping centre in Madrid's Ensanche de Vallecas urban project this week. Comprising more than 110,000 m[sup]2[/sup] of retail space, La Gavia is the largest shopping centre in the Spanish capital.
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PropertyEU Archive
Land Securities in talks to sell New Scotland Yard property
Land Securities has hired King Sturge to market New Scotland Yard, the headquarters of the Metropolitan Police in London. A spokesperson for Land Securities confirmed on Friday that the company is in talks with several interested parties for the 37,000 m[sup]2[/sup] building, which is believed to have a value of ...
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PropertyEU Archive
UK capital values in record fall, says IPD
UK commercial property capital values have plummeted by the largest ever monthly figure in the Investment Property Databank's 22-year history. Capital values were at -4.3% in October, according to the IPD's UK Monthly Property Index.
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PropertyEU Archive
FdR to launch OPCI vehicle, seals EUR 240m refinancing
French property group Fonciere des Regions (FdR) expects to receive approval from the French financial market authority by the end of the year for the creation of an OPCI (Organisme de placement collectif en immobilier) management company.
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PropertyEU Archive
SFL to renovate Palace Hotel in Paris
Societe Fonciere Lyonnaise (SFL) said it has reached agreement with its partners, including Lainé Delau-GTM Batiment, part of the Vinci Group, to launch the final phase of renovation for the Palace Hotel located in the first arrondissement of Paris. The property, which is expected to re-open in spring 2011, will ...
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PropertyEU Archive
PEPR announces lease extensions
Amsterdam-listed Prologis European Properties (PEPR) has announced that it has signed two lease extensions covering a total of 29,500 m[sup]2[/sup] in the Netherlands and France.
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PropertyEU Archive
Germany's office markets show no sign of crisis yet - DTZ
The five key German office markets continued to enjoy calm waters in the third quarter compared with the turbulence in the financial markets in recent weeks, according to global property services firm DTZ.
