All PropertyEU Archive articles – Page 489
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PropertyEU ArchiveURW rental income down 24% in 2020, more disposals to come in Europe and US
Listed shopping centre group Unibail-Rodamco-Westfield (URW) said that after a year during which its operations were heavily impacted by the Covid pandemic, it would continue with its deleveraging strategy, with further mall disposals on the cards in Europe and the US.
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PropertyEU ArchiveAPG and GIC hotel JV closes €200m Madrid hotel buy
Archer Hotel Capital, a European hotel investment vehicle jointly owned by Dutch pension fund APG and Singapore’s SWF GIC, has announced that it has completed the acquisition of the 200-room Madrid Edition hotel asset ahead of its opening and scheduled completion date planned for the end of the year.
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PropertyEU ArchiveCA Immo expects portfolio value to rise by €180m in 2020, despite pandemic
Vienna-based property group CA Immo said on Thursday that it expects its portfolio value to rise by as much as €205 mln in the fourth quarter of the year, offsetting a €21.5 mln valuation loss registered in the first nine months of the year.
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PropertyEU ArchiveJLL strengthens data centres team with senior EMEA hires
JLL has appointed Mike Harrington as head of Data Centre Facilities Management, EMEA and Tom Glover as head of Data Centre Transactions, EMEA.
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PropertyEU ArchiveLa Française scoops up office building in the Hague
Three real estate funds managed by La Française Real Estate Managers have acquired the Beatrixkwartier office building in the central business district of The Hague from an institutional investor for just over €40 mln.
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PropertyEU ArchiveBidders line up for redeveloped Barton Square in Manchester
The directors of Barton Square Limited have hired agent Savills to sell the redeveloped retail and leisure destination in Trafford Park, Greater Manchester after being approached by a number of interested bidders.
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PropertyEU ArchiveMAGAZINE: Financing options shrink for ‘the wrong’ assets
Borrowers who need to refinance operational assets like hotels and coworking offices are finding liquidity severely curtailed.
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PropertyEU ArchiveCrossbay hires Delin exec as new head of asset management
European logistics platform Crossbay has appointed a new head of asset management to oversee its portfolio.
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PropertyEU ArchiveInternational Campus appoints CIO
International Campus, a company specialising in temporary living concepts for students and professionals, has expanded its management team with the appointment of Michael Stapf as chief investment officer.
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PropertyEU ArchiveTikehau Capital appoints real estate director in Italy
Tikehau Capital, the alternative asset management and investment group, has appointed Edoardo Crotta as director of Real Estate in Italy.
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PropertyEU ArchiveSIOR appoints global CEO
US-headquartered global professional body, the Society of Industrial and Office Realtors (SIOR), has made Robert Thornburgh its new leader.
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PropertyEU ArchiveWhy a German giant is promoting London to a ‘buy’ after Brexit deal
Commerz Real’s head of transactions says the giant German investor is considering buying in London again after a long absence.
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PropertyEU ArchiveBlackstone £557m UK last mile portfolio to be securitised
Bank of America Europe has launched its first UK CMBS transaction of 2021, secured on a Blackstone-owned Mileway industrial warehouse portfolio.
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PropertyEU ArchiveInvesco confirms €150m+ acquisition of Milan BTR project
Invesco Real Estate confirmed on Wednesday that it is spending between €150 and €160 mln on the acquisition of a build-to-rent (BTR) project, part of the major SeiMilano development site encompassing 300,000 m2 to the south-west of Milan.
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PropertyEU ArchiveLondon & Oxford fund acquires €146m City of London block
A London & Oxford fund has acquired the shares in First King Properties Limited which holds the freehold of 75 King William Street, London, from Singapore’s Keppel Land. The purchase represents a net initial yield of 4.59%.
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PropertyEU ArchiveMeridia Capital puts 100,000-m2 logistics portfolio in Madrid up for sale
Meridia Capital is believed to have hired broker Savills Aguirre Newman to sell a 100,000 m2 logistics portfolio in the Madrid region.
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PropertyEU ArchivePygmalion woos investors with European hotel opportunities
Pygmalion Capital, a dedicated special situations European hotel investment specialist, has announced the first close for Pygmalion European Opportunistic Hotel Fund II (PEOH II).
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PropertyEU ArchiveEDITOR'S LETTER: The outlook is…?
The real estate industry’s overriding preoccupation as we start the year seems to be whether vaccines will help us through Covid-19 and whether we can start to look ahead at recovery.
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PropertyEU ArchivePPHE Hotel Group selects EVP for development
International hospitality real estate firm PPHE Hotel Group has appointed Jon Colley as executive vice president of acquisitions & development with immediate effect.
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PropertyEU ArchiveCosts and hurdles rise for financing UK hotels
Lenders are restricting finance for hotels to big brands and are charging margins up to 400 basis points for conservative leverage, according to a new UK report.
