Latest reports – Page 3804
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PropertyEU Archive
UK firm to fund Russian logistics warehouse
Raven Russia, the only UK-listed property company focused entirely on investment in industrial property in Russia, is to forward-fund the development of a 222,965 m[sup]2[/sup] logistics warehouse in southern Russia, Property Week reported. Raven is to invest £87 mln (EUR 129 mln) to develop the first of 14 logistics ...
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PropertyEU Archive
Don't trust the 'experts' blindly - RE investors warned
Commercial property investors should be wary of trusting economic forecasts, leading economist Tim Harford cautioned at the opening meeting of the Barcelona Meeting Point real estate symposium on Tuesday.
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PropertyEU Archive
Bills Gates and Saudi prince to buy Four Seasons
Microsoft co-founder Bill Gates and Saudi Prince Alwaleed bin Talal are to buy the Four Seasons hotel group for USD 3.7 bn (EUR 2.89 bn). Gates' Cascade Investments will team up with Talal's Kingdom Hotels International to buy the Toronto-based Four Seasons group. The announced price, which is equivalent to ...
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PropertyEU Archive
VastNed finalises Madrid shopping centre deal
Netherlands-based retail property investor VastNed Retail has finalised its acquisition of the new extension of the Getafe III shopping centre in Madrid. The extension, which is located next to a well-established shopping centre to the south of Madrid, comprises 20,000 m[sup]2[/sup] of retail space leased to national and international retailers ...
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PropertyEU Archive
UK firm acquires Hungarian portfolio for EUR 82.5 mln
Dawnay, Day Carpathian has acquired a portfolio of 23 Interfruct properties in Hungary in a sale-and-lease-back deal for EUR 82.5 mln. The 23 cash and carry stores are located in Budapest and other major Hungarian cities and have a total gross lettable space of 105,000 m[sup]2[/sup]. The stores are let ...
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PropertyEU Archive
10th Barcelona Meeting Point opens its doors
Barcelona Meeting Point, the third international real estate trade fair in Europe after Mipim in Cannes and Expo Real in Munich, opened with a symposium organised by the Urban Land Institure on Tuesday. William Kistler, ULI's European President, noted that Meeting Point had come along way since it began 10 ...
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PropertyEU Archive
German hotel investment hits record EUR 1.03 bn
The volume of hotel investment in Germany reached a record EUR 1.03 bn in the first ten months of 2006, according to new figures from the German division of Jones Lang LaSalle Hotels. It is the highest annual volume since statistics for the German hotel investment market began in 1990.
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PropertyEU Archive
Carlyle buys Birmingham offices for GBP 150 mln
American private equity firm Carlyle Group has agreed to acquire Colmore Plaza, an office building in the centre of Birmingham in the UK, for £150 mln (EUR 224 mln).
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PropertyEU Archive
Hague hotel wins FGH Real Estate Prize
The owners of Des Indes has won the FGH Real Estate Prize 2006 for the redevelopment of the five-star Hotel des Indes in the Hague. In transforming the Hotel des Indes into a five-star accommodation, the owners have respected this unique building with its special history, while entirely meeting the ...
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PropertyEU Archive
Lubasa identified as bidder for Ferrovail's property arm
Spanish private construction firm Lubasa is one of the three candidates bidding for Grupo Ferrovial's property division, unnamed sources have told Spanish business newspaper Expansion.
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News
Principal buys central San Francisco office
REAL ESTATE - Principal Real Estate Investors has made its acquisition of 333 Market Street its first office building purchase in the central business district of San Francisco. The real estate manager had its Managing Director Mark Hanrahan work ...
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News
German government green lights REITs
REAL ESTATE – Germany’s federal cabinet has approved the legalisation of German real estate investment trusts (G-REITs) from January 1, though, as reported, the vehicles will not include residential property. The relevant draft law now...
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News
New board at Bouwfonds
NETHERLANDS – Rabobank is replacing the board members of the Bouwfonds property development, which it is about to acquire from ABN Amro for €845m. Rabo, which expects to complete the deal with ABN Amro on December 1, said that the fund...
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News
UK REITs final draft released
REAL ESTATE - The UK government has formally laid out the REITS legislation that will come into force at the beginning of 2007. The regulations, as presented last week to the UK parliament, laid out the conditions for "10% condition"...
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News
Invista backs UK commercial, residential
REAL ESTATE - Invista chief executive Duncan Owen said last week he saw "a couple of good years" left in the central London office market as he reported strong asset growth in Invista’s Insight Foundation Property Trust. In a tr...
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News
European growth boosts Lasalle revenues
REAL ESTATE - Jones Lang Lasalle last week reported operating income of $37.3m for Q3 2006 – a 40% increase over the same period of 2005. The firm also posted Q3 revenues of $462m, a 42% increase over Q3 2005. Europe, the Middle East and A...
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News
US academic fund in local retail venture
REAL ESTATE - US pension fund TIAA-CREF last week announced that it is to acquire community retail real estate in a complex $3bn joint venture. The venture, with Developers Diversified, will acquire 67 local retail sites across southeastern state...
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News
NYSTRS takes action on $500m in real estate
REAL ESTATE - The New York State Teachers Retirement System has made decisions on $550m worth of real estate investments. This activity took place at the pension fund’s board meeting on October 26. The pension fund made two commitments to r...
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News
CBRE Investors hires China head
REAL ESTATE - CB Richard Ellis Investors last week progressed its Asian expansion with the long-awaited appointment of a managing director for its China operations. Hao Zhou, former president and managing partner of the Yangtze Special Situations...
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PropertyEU Archive
KPMG signs EUR 387 mln Canary Wharf lease deal
KPMG has bought a 999-year lease in a 15-storey office property under construction in London's Canary Wharf district. The Canary Wharf Group, a subsidiary of Songbird Estates, is to complete the building by April 2009.
