Latest reports – Page 3755
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News
European office ‘will continue to perform’
REAL ESTATE - European office will continue to perform overall in 2007, according to IVG’s recently published Real Estate Barometer. IVG attributed the sub-sector’s "extraordinary" sales volume last year to falling yields...
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News
EOP prefers Blackstone’s $39bn bid, spurning Vornado
REAL ESTATE - The Blackstone group has ended up as winner of the bidding war, by Equity Office Properties’ decision to agree with its $39bn all-cash offer. After EOP’s board of trustees had already reaffirmed their acceptance of the Bl...
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News
CalSTRS expands US apartment JV with BlackRock
REAL ESTATE - California State Teachers Retirement System is in the process of expanding its apartment joint venture with BlackRock Realty called BlackRock Cal I, LLC. The pension fund will be contributing $300m(€231m) of additional equity t...
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News
AP3 to set up Asian property fund
REAL ESTATE - AP3, the third Swedish buffer fund, has awarded a second mandate in as many weeks to Aberdeen Property Investors – this one for a €250m Asian property fund-of-funds. The fund is scheduled to complete its fundraising by Q2 20...
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PropertyEU Archive
Sparkassen sees Bulgarian expansion
Vienna-listed Sparkassen Immobilien is planning to invest EUR 180 mln in the development of one of the biggest retail and office centres in Sofia, the capital of Bulgaria. Sparkassen, the real estate investment company of Erste bank, is poised to develop the Serdika mall together with Hamburg-based retail specialist ECE ...
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PropertyEU Archive
Poland's RRT issues new retail data
A total of 94,100 m[sup]2[/sup] of retail space has been delivered in Poland in the second half of 2006, according to the Retail Research Forum (RRT), a consortium of real estate agencies including CB Richard Ellis, Colliers International, C&W, DTZ, Jones Lang LaSalle and King Sturge.
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PropertyEU Archive
Washington offices in sell-off as Blackstone seals EOP deal
Private equity group Blackstone plans to sell the Washington portfolio held by Equity Office Properties, the Washington Post has reported three days after Blackstone closed the acquisition of the largest office manager in the US for a record $39 bn (EUR 30 bn) last week.
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PropertyEU Archive
ProLogis buys European shed developer unit
ProLogis, the world leader in managing and developing distribution facilities, has acquired the industrial development business of Parkridge, a European rival, for EUR 447 mln. In a separate transaction, Parkridge's joint venture partner has agreed to sell its 50% stake in the Central European joint venture to ProLogis for EUR ...
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PropertyEU Archive
Correction: Sonae Sierra and S. Joao da Madeira mall
Our article published on 9 February about shopping and leisure centre 8ª Avenida in S. João da Madeira, Portugal incorrectly stated that the mall had 'opened its doors'. The plans were presented by Sonae Sierra to the public last week and the mall is scheduled to open in the autumn ...
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PropertyEU Archive
Hansteen acquires more European warehouses
Hansteen, the AIM-listed investor in continental European real estate, has acquired seven investment properties in the Germany, the Netherlands and France for a total of EUR 44.5 mln. The properties produce a combined rent of EUR 3.86 mln.
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PropertyEU Archive
Sal Oppenheim launches European property fund of funds
Sal Oppenheim's Swiss property investment banking arm has launched the 41P European real estate fund of funds to invest in non-listed European real estate funds and to set up a broadly diversified portfolio of indirectly-held properties. The fund will pursue a conservative investment strategy and is aiming for a total ...
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PropertyEU Archive
Benson Elliot, GCI join forces in French portfolio
Private equity real estate firm Benson Elliot Capital Management and the French real estate investment and development company Générale Continentale Investissements, (GCI) have teamed up to acquire a portfolio of six office properties in the Paris area for EUR 240 mln.
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PropertyEU Archive
Land Securities buys Accor hotel portfolio
UK property firm Land Securities has said its property partnership business Land Securities Trillium (LST) has acquired a portfolio of hotels from the world's fourth-largest hotel operator Accor as part of a sale and leaseback deal. The group, whcih became a real estate investment trust (REIT) in January, will ...
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PropertyEU Archive
Hammerson gets backing for EUR 1 bn Leeds scheme
Hammerson and Leeds-based Town Centre Securities have received preliminary planning consent for a EUR 1 bn mixed-use development that will transform the centre of Leeds, northern England. The two property firms have set up a 90/10 joint venture to develop a 100,000 m[sup]2[/sup] retail-led scheme which will regenerate the Eastgate ...
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PropertyEU Archive
Docks Lyonnais snaps up Paris office building
Property investment and management company Docks Lyonnais has acquired an office building from the French Société Vendôme Haussmann located at 6-8, boulevard Haussmann, in the ninth arrondissement of Paris for EUR 440 mln. The building, providing some 27,000 m[sup]2[/sup] of office space, is completely let to the information technology company ...
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PropertyEU Archive
France to work with Vietnam on land registry
The Superior Council of French Notaries (CSN) has offered to help Vietnam develop a modern notary system for real estate management. Jean Paul Decorps, honorary president of the CSN, made the offer during a recent meeting with Ai Truc, the Vietnamese minister of national resources and the environment. Minister Truc ...
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PropertyEU Archive
Italy's Aedes steps up foreign expansion
Aedes, the Italian property company, has taken stakes in joint ventures in Sweden and the Central and Eastern European region to 'apply the co-investor and asset management model developed in Italy' to the international stage.
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PropertyEU Archive
Shaftesbury, McKay to convert to REITs
Shaftesbury and McKay Securities have become the latest UK-listed property companies to announce they are to convert to tax-efficient real estate investment trust (REIT) status. Nine UK property companies, including giants British Land and Land Securities, converted on 1 January. Shaftesbury and McKay Securities are to follow suit on 1 ...
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PropertyEU Archive
Unibail, Paris team up on conventions
Unibail, the French-listed property company, and the Paris Chamber of Commerce and Industry (CCIP) have signed an exclusivity agreement to explore a potential merger of their operations in the convention-exhibition sector.
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PropertyEU Archive
Jones Lang teams up with REAS in Poland
Global property advisor Jones Lang LaSalle (JLL) has signed a cooperation agreement with REAS Konsulting, a Polish market leader in residential consultancy. JLL said that the deal will enable both sides to make 'a premier service offer' to clients in the residential market in Poland.
