Latest reports – Page 3439
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PropertyEU Archive
Turnaround specialist buys Berlin scheme from insolvent owner
Activum SG Capital Management has acquired a 22,000-m[sup]2[/sup] office and retail complex in Berlin from an insolvent company. The unnamed vendor and Activum agreed not to disclose the transaction volume for the property located in Greifswalder Strasse in the Prenzlauer Berg area of the German capital. This is the ...
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PropertyEU Archive
Edizione Property acquires Venice's palace for EUR 53m
Edizione Property, a wholly-owned subsidiary of the Benetton Group, has purchased the Fontego dei Tedeschi historic building on Venice's Canal Grande for EUR 53mln. The 10,000 m[sup]2[/sup] asset was sold at an auction for a starting price of EUR 51mln. The seller and major tenant in the scheme is Le ...
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PropertyEU Archive
Jury selects 13 projects for Prime Property Awards
A jury has shortlisted 13 real estate projects as the finalists for the first European prize for sustainable real estate investment at the Expo Real property fair in Munich next month.
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PropertyEU Archive
Banimmo sells Ghent plot to Ikea
Belgian property company Banimmo said that its public-private partnership with public land development firm AG Sob has sold a 40,000-m[sup]2[/sup] land plot in the Belgian city of Ghent for an undisclosed amount. The buyer Vof Bene Property is a development subsidiary of Ikea. The company plans to construct a new ...
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PropertyEU Archive
Protego arranges debt refinancing for Nordic Retail Fund
Protego Real Estate Investors has announced that it has refinanced EUR 266mln of debt on its Swedish retail portfolio. The five-year senior debt facility with northern European lender SEB is secured against the Nordic Retail Fund's Swedish portfolio
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PropertyEU Archive
ING Real Estate expands to Brazil
ING Real Estate announced on Monday that it is expanding its investment management activities into South America with the opening of a new office in São Paulo, Brazil. Florencio Beccar, who established ING Real Estate's investment management's office in Italy and headed the firm's acquisition team in Spain, has been ...
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MagazineNew powerhouse on the block
GE Real Estate has been in the property business for 50 years. Having invested primarily for itself during that time, it is now set to take the world of investment management by storm – rather late in the day, it would seem, and now facing a depressed market.
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MagazineGet in line
Investors increasingly seek fund managers that can demonstrate an alignment of interest. But achieving effective alignment can be a challenge, especially as lower return prospects spell implications for incentive fees.
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MagazineKeeping tabs on your manager
The fee structure is only one of a number of tools investors can use to ensure that their manager’s interests are aligned with their own. Dirk Söhnholz and Frank Rackensperger explain
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MagazineBroadening remit
Fund of funds can play a vital role for investors keen to diversify in a crowded funds market. However, conflicts of interest and double fees remain a concern, as a recent INREV study shows.
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MagazineLocation, location, Location
With so much choice when it comes to domiciling new real estate products, finding the right home is less a choice between onshore and offshore jurisdictions and more a decision over regulated versus unregulated, Richard Lowe discovers
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MagazineThe Black Forest
A recent EPRA study found the quality of reporting of listed property companies in Germany below the European average. A new Feri survey finds variations within Germany, as well as serious transparency shortfalls in Austria and Switzerland.
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MagazineUnderlying issue
Don’t give up on the G-REIT: we will see IPOs in due course, says Thomas Koerfgen
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MagazineGreen reports progress
European property companies have made great strides in making them-selves greener and improving transparency, as Graeme Newell reports
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PropertyEU Archive
Degi invests EUR 90m in Belgium
Degi, part of Aberdeen Property Investors, has acquired a fully let office complex in Brussels for an investment volume of around EUR 90 mln. The Espace Orban complex has been purchased indirectly through property companies and will be added to the Degi International open-ended real estate fund. The seller is ...
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PropertyEU Archive
JPMorgan buys Richmond Riverside from GE RE
JPMorgan Asset Management has joined forces with UK asset manager Exemplar Properties in the acquisition of the Richmond Riverside scheme from GE Real Estate. Located on the banks of the River Thames in Richmond, the complex comprises about 15,000 m[sup]2[/sup] of commercial and residential space. JPMorgan Asset Management was advised ...
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PropertyEU Archive
UBS fund acquires Oslo property for EUR 88m
UBS Real Estate has entered into an agreement to acquire the Grev Wedels plass 9 building in Oslo from Norwegian Property for NOK 738 mln (EUR 88.8 mln). The office asset is being contributed to the real estate fund UBS (D) Euroinvest Immobilien.
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PropertyEU Archive
XXI Century reviews strategy due to difficult financing conditions
XXI Century Investments is freezing construction of any projects where financing is not in place as a result of increasing lending costs and liquidity shortages in Ukraine's banking sector. The Ukrainian real estate developer and investor said on Monday that the move is part of a review of its business ...
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PropertyEU Archive
Great Portland Estates appoints non-executive chairman
UK property investor Great Portland Estates has appointed Martin Scicluna as its new non-executive chairman, succeeding Richard Peskin, who will be retiring from the board after forty years as a director of the company. Scicluna will join the board from 1 October 2008 and become chairman in March 2009.
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PropertyEU Archive
Dawnay, Day Treveria in talks with investor for equity injection
Dawnay, Day Treveria (DDT), the AIM-listed investor in the German retail property, has ruled out a possible sale of the entire company as a way to maximise shareholders value because of challenging market conditions. The company said on Monday it will consider other options to boost share performance, including a ...
