All PropertyEU Archive articles – Page 519
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PropertyEU ArchiveCivitas takes over Heathcotes’ 72-asset property portfolio in the UK
UK social impact investor Civitas Investment Management has announced the acquisition of Heathcotes, one of the UK’s largest care providers, for an undisclosed price.
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PropertyEU ArchiveAareal finances Tishman Speyer and PSP’s Boulogne value-add buy
Aareal Bank announced on Wednesday that it has provided a €210 mln loan to Tishman Speyer and the Public Sector Pension Investment Board (PSP Investments) for their acquisition of Espace Lumière in Boulogne Billancourt from a fund managed by Invesco Real Estate.
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PropertyEU ArchiveCromwell appoints head of separate accounts
Real estate investor and manager, Cromwell Property Group, has appointed Darren Downs to the new role of head of Separate Accounts.
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PropertyEU ArchiveGIC, Melcombe link up to acquire and develop urban logistics assets in Europe
Singapore’s sovereign wealth fund GIC and European urban logistics investment manager Melcombe Partners have agreed to enter into a joint venture to acquire and develop urban logistics properties in Europe.
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PropertyEU ArchiveLincoln Rackhouse, Sprott Korea acquire data centre near London
In its first venture outside the US, Lincoln Rackhouse, the data centre division of Lincoln Property Company, has partnered with Sprott Korea Investment on the acquisition of a 145,000-sq ft (13,470 m2) data centre in Camberley, around 50 km southwest of London.
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PropertyEU ArchiveMileway acquires high-end logistics asset in London
Blackstone’s logistics arm Mileway has acquired a 138,000 sq ft (12,820 m2) last-mile logistics property in London through a sale-and-leaseback transaction. Financial details were not disclosed.
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PropertyEU ArchiveAEW forecasts return for NPL market
In its 2021 European real estate outlook, AEW is predicting a return of non-performing loans as the Covid-19 crisis drives a deterioration in consumer and corporate credit quality.
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PropertyEU ArchiveClarion strengthens senior team with CFO and COO appointment
Clarion Partners Europe has appointed Maqbool Mohamed as Chief Financial Officer (CFO) and Chief Operating Officer (COO).
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PropertyEU ArchiveURW CEO ousted as ‘transition phase’ begins
Unibail-Rodamco-Westfield (URW) CEO Christophe Cuvillier has been forced out amid the company’s disastrous ‘reset’ plan that has sensationally backfired for senior management at the company.
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PropertyEU ArchivePatrizia sells newly developed logistics park in Berlin for record price
CBRE Global Investors and client Zurich Insurance Group have bought Schönefeld Airpark in Berlin from Patrizia for a record low yield of circa 3.5%.
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PropertyEU ArchiveCEE best placed for industrial & logistics investment in Europe – report
A new report by global law firm CMS, real estate professional services company Colliers International and global HR services provider Randstad sheds light on why Central and Eastern Europe (CEE) is best placed to satisfy occupier and investor demands for cost-effective and dependable industrial & logistics facilities in a (post)-Covid environment.
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PropertyEU ArchiveResolution enters Budapest with major office deal
Resolution Property has completed the acquisition of a 37,200 m2 office portfolio in Budapest, Hungary in an all equity deal estimated to be around €85 mln.
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PropertyEU ArchiveGreystar: expect rental housing to emerge as ‘preferred sector’ coming out of the pandemic
Greystar, the US headquartered international developer and manager, has dubbed European rental housing an ‘all-weather’ asset class.
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PropertyEU ArchiveReal IS spends €150 mln on two sheds in Madrid
Real IS, the property arm of German lender BayernLB, has acquired two logistics assets in Madrid for €150 mln from German investment giant Patrizia.
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PropertyEU ArchiveMadison acquires stake in 30-asset European shed portfolio
Real estate private equity firm Madison International Realty has acquired a stake in a 30-asset European logistics and light industrial portfolio alongside local partner, Cairn Real Estate, investing through its specialist Dutch logistics vehicle, the Gateway Fund.
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PropertyEU ArchiveCromwell backs €300m inaugural 5-year note issue from CEREIT
Real estate investor and manager, Cromwell Property Group, has assisted Cromwell EREIT Management, the manager of Cromwell European REIT (CEREIT), in the issue of €300 mln of five-year senior unsecured notes.
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PropertyEU ArchiveEuropa Capital raises €350m in first close for EDIF
Pan-European real estate investment manager Europa Capital has raised €350 mln in a first close of its new open-ended vehicle, the Europa Diversified Income Fund (EDIF), with seed capital from its principal shareholder, Mitsubishi Estate Co., as well as backing from European and Asian institutional capital.
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PropertyEU ArchiveSegro snaps up Slough industrial estate for €36m
UK-focused industrial specialist Segro has completed the off-market acquisition of a multi-let industrial estate in Slough from UBS Asset Management for £32.5 mln (€36 mln).
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PropertyEU ArchiveAllianz and VGP JV completes €424m logistics portfolio deal
Allianz Real Estate, the property arm of the German insurance giant, in partnership with pan-European developer VGP, has acquired 19 logistics buildings across Europe for €424 mln.
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PropertyEU ArchiveDelancey appoints property & funds director
UK-focused property investment, development and asset management advisory company Delancey has appointed Daniel Berger as property & funds director.
