All PropertyEU Archive articles – Page 477
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PropertyEU ArchiveHammerson reports largest fall in net rental income in firm’s history
UK REIT Hammerson reported a 41% fall in net rental income to £158 mln (€185 mln) over 2020, as the business was affected by Covid-19 closures, tenant restructuring and higher provisions for bad debt and tenant incentives.
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PropertyEU ArchiveLRC Group hires advisors to sell €1b Irish resi package
European privately held property investor LRC Group has instructed Eastdil Secured to sell a portfolio of 1,700 residential properties in Dublin, Cork and Galway.
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PropertyEU ArchiveMipim organiser postpones 2021 edition to September
Mipim 2021 has been moved from June to September due to continuing health and safety concerns, the organisers announced on Thursday.
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PropertyEU ArchiveWarburg-HIH bags Berlin logistics facility for €275m fund
Warburg-HIH Invest Real Estate has announced the acquisition of a logistics property at the GVZ Grossbeeren freight centre south of Berlin on behalf of its open-ended special AIF, Warburg-HIH Deutschland Logistik Invest.
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PropertyEU ArchiveCA Immo snaps up modern office building in Berlin for €47m
Austrian listed property firm CA Immo has signed and closed the acquisition of ‘Pohlstrasse 20’, a modern office building located in the prime Potsdamer Platz submarket in central Berlin, in an off market deal worth just over €47 mln.
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PropertyEU ArchiveLondonMetric offloads €48m of long-income assets in the UK
LondonMetric Property has sold a portfolio of long income assets to Realty Income, an S&P 500 US REIT, for £40.9 mln (€48 mln), reflecting a blended NIY of 5.9%.
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PropertyEU ArchiveM&G to invest €583m in UK affordable housing
M&G announced on Thursday that it will invest £500 mln (€583 mln) in the shared ownership sector to create more than 2000 new, affordable homes in the UK.
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PropertyEU ArchiveMoorfield, We Are Kin launch €60m student digs JV
UK-focused real estate fund manager Moorfield and student housing group We Are Kin have formed a partnership to amass a £50 mln (€60 mln) portfolio of professionally managed student houses across the UK.
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PropertyEU ArchiveKGAL acquires Warsaw office scheme for €87m
Germany’s KGAL Investment Management is expanding its real estate portfolio in the Polish capital with the acquisition of the Villa Office office property from developer Echo Investment.
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PropertyEU ArchiveL’Etoile scoops up Amazon last-mile logistics portfolio for Korean client
France’s L’Etoile Properties has acquired a portfolio consisting of three Amazon last mile logistics properties in the German cities of Kassel, Magdeburg and Wilhelmshaven in a share deal on behalf of the Korean asset management company Midas International.
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PropertyEU ArchiveTikehau Capital appoints German head for new Frankfurt office
Tikehau Capital, the global alternative asset management group, has announced the opening of a new office in Frankfurt and the appointment of Dominik P. Felsmann as head of Germany effective 15 March 2021.
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PropertyEU ArchiveColliers Germany appoints new head of business development in logistics sector
Broker Colliers has appointed Stephan Dalbeck as the new head of business development industrial & logistics for the German market, reporting to Nicolas Roy.
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PropertyEU ArchiveDIC Asset sells Frankfurt hotel asset to Conren Land
German listed property company DIC Asset has sold the Villa Kennedy luxury hotel on Kennedyallee in Frankfurt to real estate investor Conren Land for a high double digit amount.
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PropertyEU ArchiveCBRE powers up its data centre solutions team with five new hires
Global real estate advisor CBRE has bolstered its data centre solutions (DCS) team with five new hires spanning its research, site transactions and capital markets capabilities.
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PropertyEU ArchiveCivitas IM hires European investment director from Henderson Park
UK impact investor Civitas Investment Management has announced the hire of Adel Oucherif as European investment director.
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PropertyEU ArchiveOptimum strengthens senior team with new managing director
Optimum Asset Management, a boutique real estate investment manager with over €1.5 bn in AUM, has appointed Ljiljana Macdonald as managing director.
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PropertyEU ArchiveMarlet’s Castle portfolio expected to fetch over €1b in Ireland’s single largest resi portfolio sale
Marlet Property Group is offering Ireland’s largest PRS portfolio in a sale expected to attract offers in excess of €1 bn from institutional investors.
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PropertyEU ArchiveCA Immo fully pre-lets landmark €300m Berlin development project
Austrian listed property firm CA Immo has signed a long-term lease agreement with Deutsche Kreditbank AG (DKB) for 34,850 m2 of rental space in the landmark office development Upbeat in Berlin’s Europacity.
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PropertyEU ArchiveSwiss Life snaps up €425m healthcare portfolio in Germany
Swiss Life Asset Managers has secured the acquisition of a care home portfolio from Threestones Capital in one of the largest transactions in the sector for the past several years.
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PropertyEU ArchiveCatella buys €50m resi project in Heidelberg
Berlin-based Catella Residential Investment Management (CRIM) has acquired a €50 mln energy-efficient apartments complex project in Heidelberg, in one of the largest and most sustainable urban developments in Germany, on behalf of a separate mandate for a southern German pension fund.
