Latest reports – Page 3449
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PropertyEU Archive
Carlyle announces two appointments in France
Global private equity firm Carlyle Group has announced the appointments of Agnes Riban and Olivier Petreschi as co-heads of acquisitions in France. They will be responsible for the investment process of the new fund Carlyle Europe Real Estate Partners III in France and Benelux, including investment selection, financial analysis, negotiation ...
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PropertyEU Archive
Testa buys leasehold of Sanvy hotel for EUR 61m
Spanish property firm Testa has acquired a 20-year leasehold on the Sanvy Hotel in Madrid. The four-star property is leased to the NH Hotel chain and was sold by bank Caja Madrid and Mapfre for EUR 61 mln. The hotel has 149 rooms and is located in the Salamanca district ...
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PropertyEU Archive
Helaba finances office buildings in Hamburg
German regional bank Helaba is providing EUR 71.5 mln financing to Alpina Real Estate for the acquisition of two large office buildings in Hamburg. The Luxemburg fund is currently investing some EUR 300 mln in in German, Austrian and Swiss real estate. The bank acted as lead arranger, agent and ...
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PropertyEU Archive
New EU states struggling with building energy directive - RICS
Most new European Union member states are experiencing 'substantial problems' implementing the EU Energy Performance in Buildings Directive (EPBD), the Royal Institute of Chartered Surveyors (RICS) has warned. Presenting a new report entitled Towards an Energy Efficient Building Stock on Friday, RICS said that Hungary and Slovakia are the only ...
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PropertyEU Archive
Schroders builds Nordic presence with ex-Aberdeen managers
Schroder Property has appointed Ubbe Strihagen as director of business development for the Nordic region reporting to Mike Clarke, Schroders' head of property distribution. The hiring follows the appointment of Christoffer Sundberg as Schroders' head of Property Fund Management for the Nordic region in July 2008.
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PropertyEU Archive
Spain introduces REITs to rescue property market
The Spanish government unveiled a package of measures late on Wednesday to help the country's property companies survive the double threat of the economic downturn and the crisis in the construction and property sectors.
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News
AvalonBay falls short of capital raising goal
UNITED STATES - AvalonBay Communities has raised $333m (€234.2m) of equity for its latest commingled fund, AvalonBay Value Added Fund II – but this is short of the $500m goal established early in the process.
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News
CalSTRS expands real estate debt investments
UNITED STATES - California State Teachers Retirement System is in the process of increasing its efforts investing capital into real estate debt, having just invested $500m (€354.5m) in that arena.
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News
Kansas PERS moves into senior housing
UNITED STATES - Kansas Public Employees Retirement System has expanded its real estate strategy into senior housing by making a $35m (€24.6m) commitment to AEW Senior Housing Investors LP.
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News
Orange County considers opportunistic allocations
UNITED STATES - Orange County Employees Retirement System has approved a plan to explore the idea of creating a separate allocation for opportunistic or innovative investments.
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News
Pramerica sees capital waiting on the sidelines
UNITED STATES - Pramerica Real Estate Investors have found a huge sum of investible capital is currently sitting on the sidelines in the United States, as investors are unsure whether now is a good time to invest given market conditions.
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News
Lehman spins off real estate after $3.9bn loss
GLOBAL – Investment banking giant Lehman Bros is separating its commercial real estate business as a new listed entity and selling a majority stake in its investment management division after yet more writedowns generated a third-quarter net loss of $3.9bn (€2.76bn).
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News
Valuers need to employ more tools
GLOBAL - Valuers will in future have to use more data sources in arriving at their market estimates, but was just one of the points raised at this year’s IPD Real World Conference held at the University of Cambridge this week.
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PropertyEU Archive
Savills strengthens Paris team
Savills said on Wednesday that its Paris office has hired four new members for its investment team. The real estate services firm is poaching three associates from CBRE, Boris Cappelle, Etienne Pax and Thomas Canvel, whilst Tristam Larder has transferred from Savills' London office. They will be working with existing ...
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PropertyEU Archive
Lehman Brothers to spin off $30b of real estate assets
US investment bank Lehman Brothers intends to spin off $25-30bn in commercial real estate assets in the first quarter of 2009. The plan is part of a 'strategic restructuring' at the financial group which predicted net losses of close to $4bn in the third quarter ending on 31 August. The ...
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PropertyEU Archive
Molinaro Koger sells Aberdeen property to Invesco Real Estate
Invesco Real Estate has acquired the 168-room Patio Hotel Aberdeen from hotel real estate advisor Molinaro Koger (MK) which acted on behalf of Patio Hotels (UK). The financial details of the transaction were not disclosed. The hotel is to be converted into the Doubletree by Hilton Aberdeen city and will ...
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PropertyEU Archive
Carlyle Group buys from Deka in Dusseldorf
Private equity firm Carlyle Group has announced the acquisition of a prime development site in Dusseldorf from an open-ended fund owned by German investor Deka ImmobilienFonds. The company did not disclose the investment amount.
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PropertyEU Archive
Accor raises its stake in Orbis to 50%
Hotel group Accor said on Wednesday that it has raised its stake in Polish listed hotel developer Orbis to 50.01%. In a statement, the company said that investment is part of its strategy to focus on development in Central Europe. Accor has held a 45% stake in the company since ...
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PropertyEU Archive
Blazkova joins JLL's European research team
Lang LaSalle announced on Tuesday that Petra Blazkova is to join the firm as an associate director in the European Research team. She joins from King Sturge, where she held the position of senior associate and managed the London-based European Research team of six researchers. The team was responsible for ...
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PropertyEU Archive
Pembroke RE poaches new CFO from Hypo RE
Pembroke Real Estate, the property investment and development advisor for Fidelity Investments and FIL Limited, has announced the appointment of Simon Fisk on as senior vice president and chief financial officer. Before joining Pembroke, Fisk was managing director for German-based Hypo Real Estate Bank International and was a key member ...
