Latest reports – Page 3471
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News
Pramerica creates investment platform for India
UNITED STATES - Pramerica Real Estate Investors has created an investment platform for investing in India.
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News
Starwood Land creates $150m JV
UNITED STATES - Starwood Land Ventures has setup a $150m (€95.3m) joint venture with Riverway Properties to invest in residential land acquisition and new project development in Houston.
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News
Sacramento County works on international REIT manager search
UNITED STATES - Sacramento County Employees’ Retirement System is carrying out an international REIT manager search.
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PropertyEU Archive
Crunch halts progress on Europe's highest residential project
UK property developers KW Linfoot and Frasers Property have put a £225mln (EUR 283mln) construction project on hold due to the credit crunch, the developers announced on Thursday. Billed as Europe's tallest residential buildings, the Lumiere project in Leeds, was set to transform the city's skyline. The project featured two ...
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PropertyEU Archive
GE RE acquires EUR 30m office in Rome
GE Real Estate announced on Thursday that it had completed the acquisition of an office building in Rome from Fondo Polis for EUR 30 mln. The 8,000 m[sup]2[/sup] asset at Via del Serarico 121, was let to IFAD up to May 2008 but is currently vacant. According to the company ...
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PropertyEU Archive
Icade acquires 4 private hospitals in France for EUR 200m
French property group Icade has agreed to purchase four private hospitals from the Générale de Santé group for EUR 202mln. The companies signed an 'intent to sell' agreement for the premises of the Medical-Surgical-Obstetrics institutions which have a total capacity of 947 beds and are located in the Ile de ...
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PropertyEU Archive
WDP purchases two logistics sites in the Netherlands
Closed-end real estate investment company WDP has expanded its portfolio in the Netherlands with the purchase of two logistics sites in Veghel and Raamsdonksveer for a total of EUR 39mln. The projects are the first purchases made by WDP since the opening of its WDP Nederland offices in February this ...
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PropertyEU Archive
Pirelli's Berlin property declared Unesco World Heritage Site
Pirelli RE's Wohnstadt Carl Legien housing estate, which is co-owned with joined venture partner RREEF, has been given the status of World Heritage by Unesco along with five other housing estates also in Berlin, the company said on Wednesday. The estates built in the 1920s are now under special protection ...
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PropertyEU Archive
Colony Capital mulls purchase of Colonial real estate assets
US private equity firm Colony Capital is negotiating the acquisition of real estate assets owned by debt-laden Spanish property company Colonial, newspaper Cinco Dias reported on Thursday. According to the paper, Colony Capital is mainly interested in Colonial's 15% stake in construction firm Fomento de Construcciones y Contratas, but the ...
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PropertyEU Archive
JLL buys Britain's Churston Heard for EUR 25m
Jones Lang LaSalle has announced that it is to acquire Britain's last large independent retail agency, Churston Heard, for around £20mln (EUR 25mln) . JLL will pay the limited company's owners in phased cash instalments with an element of performance-related payments the company said in a statement. This could take ...
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PropertyEU Archive
Close Investments adds self-storage partnership to portfolio
Close Investments, a subsidiary of UK independent investment bank group, Close Brothers, has announced the acquisition of their first self-storage partnership for an undisclosed sum, the company said on Wednesday. The business adds an additional trade to their Close Trading Companies (CTC), an inheritance tax efficient portfolio of qualifying trades. ...
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PropertyEU Archive
Rezidor to open new Park Inn hotel in Leuven, Belgium
Hotel group Rezidor said on Wednesday it will build a new Park Inn hotel in Leuven, Belgium, with opening scheduled for the third quarter of 2010. The 133-room property will be Rezidor's second Park Inn in Belgium, adding to the group's Park Inn Liège (100 rooms) located at the airport. ...
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PropertyEU Archive
BPT signs deal to spearhead biggest Baltic waterfront project
Danish investor group Baltic Property Trust (BPT) and the President of Gdansk have signed a preliminary agreement covering a joint investment in the construction of New Wa³owa street in Gdansk Young City - the post-industrial Gdansk Shipyard areas. According to the company statement, the street is a central part of ...
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PropertyEU Archive
Realia invests EUR 130m in Barcelona's Torre BCN project
Spanish property company Realia said on Thursday that it expects to complete the skeleton of its Torre Realia BCN skyscraper in Barcelona by the end of the month. Realia, a company owned by savings bank Caja Madrid and construction company Fomentos de Construcciones y Contratas (FCC), is investing about EUR ...
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PropertyEU Archive
Barratt Developments signs £400m debt facility, lays off 1,200
UK housing group, Barratt Development said that it had strengthened its financial structure with a new £400mln (EUR 502mln) debt facility in a trading update on Thursday. However, the company also announced that it is to lay off around 1,200 in a cost cutting bid to cope with the current ...
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PropertyEU Archive
Carrefour Property agrees 2,366 m[sup]2[/sup] lease in Neuilly-sur-Seine
French hypermarket group Carrefour's new real estate unit has leased 2,366 m[sup]2[/sup] of office space in the Inpost building in Neuilly-sur-Seine, near Paris. Owned by ING Insurance, the building previously housed the French mail group La Poste, and was recently completely refurbished. The asset is managed by ING Real Estate.
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PropertyEU Archive
Union Investment acquires EUR1b worth of asset in H1
German investor Union Investment Real Estate invested about EUR 1bn in a total of 18 real estate projects and properties worldwide. Additional transactions worth EUR 250mln are also close to completion, the company said in a statement released on Thursday.
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PropertyEU Archive
Fonciere Massena shops in Boulogne Billancourt
French real estate firm Foncière Masséna said on Thursday it has completed the purchase from Warburg - Henderson of an office building located in Boulogne Billancourt for over EUR 36 mln. Completed in 2005, the R'Way building provides 4,262 m[sup]2[/sup] of office space and 95 parking spaces. It is entirely ...
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PropertyEU Archive
Prologis eyes growth in Central Italy
Logistics space provider Prologis is acquiring a 100,000 m[sup]2[/sup] plot of land located south of Rome, according to Pascal Luciani, managing director of Prologis Italia. Luciani said the group has launched a due diligence for the site, on which it plans to develop a 30,000 - 40,000 m[sup]2[/sup] logistics complex. ...
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PropertyEU Archive
Beni Stabili sells two assets in Milan
Italian property company Beni Stabili has signed a preliminary agreement for the sale of two office buildings in Milan for EUR 42mln. The buyers are Italian company Inpartner and 2M SGR-managed PRE fund. The transaction is expected to complete by the end of the year. The assets generate a yield ...
