All PropertyEU Archive articles – Page 522
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PropertyEU ArchiveAareal Bank follows Pbb and increases provisions
Aareal Bank’s provision against risky property loans has climbed to €167 mln after the bank made a further €61 mln provision in Q3.
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PropertyEU ArchivePatrizia acquires newly built resi scheme in Breda
European property investor Patrizia has acquired CityTwin, a newly built residential building in Breda, the Netherlands on behalf of its institutional clients. The seller is HIG Invest Group. Financial details were not disclosed.
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PropertyEU ArchiveBNPPRE appoints new head of Spain
BNP Paribas Real Estate has announced the appointment of Borja Ortega to the position of CEO of the Spanish business effective immediately.
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PropertyEU ArchiveCapreon buys into Eindhoven high-tech campus
Capreon, the real estate business of the Noé Group, is joining forces with VOF Brainport Industries Campus to further develop the Brainport Industries Campus in the Eindhoven region of the Netherlands.
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PropertyEU ArchiveMAGAZINE: The winning market… but for how long?
Germany is taking centre stage as the best and safest place to invest in Europe, but will even this country see yields soften?
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PropertyEU ArchiveAllianceBernstein launches €1.2b debt platform
AllianceBernstein (AB) has announced the launch of a European Commercial Real Estate Debt (ECRED) business in partnership with Lacarne Capital, a pan-European real estate debt platform led by Clark Coffee, a veteran of the region’s private credit markets.
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PropertyEU ArchiveVastned puts Spanish portfolio on the market for €100m - report
Listed Dutch retail property firm Vastned has put a portfolio of nine assets in Spain up for sale, according to a report in Spanish newspaper El Economista.
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PropertyEU Archive18-34-year-olds to drive new living real estate demands across European cities, says JLL
Young urban residents will continue to impact real estate dynamics and the demand for city dwellings in the post-pandemic world, according to JLL’s latest European City Dynamics report.
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PropertyEU ArchiveCoima, Covivio and Prada to buy massive redevelopment project in Milan for €180m
Italian asset manager Coima Sgr, French listed property group Covivio and Prada holding have been awarded the tender by FS Sistemi Urbani Srl and Rete Ferroviaria Italiana SpA for the acquisition of the Porta Romana railway yard in Milan for €180 mln.
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PropertyEU ArchiveHines core fund buys 3 warehouses near London for €90m
US privately-held developer-investor Hines has acquired a prime logistics park beside Heathrow Airport on behalf of the Hines Pan-European Core Fund (HECF). The asset was purchased from Aberdeen Standard Investments for £80 mln (€90 mln).
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PropertyEU ArchiveUrban Logistics buys UK site for €39m
UK REIT Urban Logistics has acquired a logistics site in Hertfordshire, UK for £34.3 mln (€39 mln) at a 5.4% net initial yield.
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PropertyEU ArchiveIRES sells non-core portfolio for €48m
Irish Residential Properties REIT has completed the disposal of 151 non-core residential units spread across 10 properties.
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PropertyEU ArchiveAndreas Muschter leaves The Student Hotel for new role
Andreas Muschter, CFO of The Student Hotel and former boss at Commerz Real, has taken up a new position as member of the executive board at Zech Group.
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PropertyEU ArchiveBaltic green fund closes Latvia’s largest office deal so far this year
A Baltic-focused closed-end fund recently launched by Lords LB Asset Management has purchased a business centre that hosts the headquarters of the Citadele bank in the Baltic States with a €27 mln loan from SEB.
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PropertyEU Archivepbb Deutsche Pfandbriefbank results signal loan loss risk is creeping up
Rising provisions against souring loans continue to hit pbb Deutsche Pfandbriefbank’s pre-tax profits, slashing the latest figure for the nine months to 30 September 2020 from €187 mln (2019) to €106 mln.
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PropertyEU ArchiveGermany’s share of European investment on the rise, says Savills
German real estate investment activity has captured a 34% share of the European total so far this year while the UK market share has fallen to 20%, according to new research published by Savills.
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PropertyEU ArchivePradera shops for €130m Spanish grocery store portfolio
European retail property fund and asset manager Pradera has acquired a portfolio of six hypermarket assets in northern Spain for almost €130 mln.
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PropertyEU ArchiveURW rebel shareholders derail plans for €3.5b capital raise
An activist consortium led by former Unibail-Rodamco-Westfield (URW) CEO Léon Bressler and French telecoms billionaire Xavier Niel has triumphed at URW's combined general meeting, derailing plans for a €3.5 bn capital raise and winning places on the board for the rebel leaders.
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PropertyEU ArchiveJP Morgan, LaSalle to sell €300m iconic Paris office
JP Morgan Asset Management and LaSalle Investment Management have put the Magnetik building in Paris on the market on behalf of two pan-European funds.
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PropertyEU ArchiveEPG acquires RDI stake to exploit 'deep discounts' in share price
Brunswick-backed pan-European investment firm Europi Property Group (EPG) has acquired a 3.25% stake in RDI, a diversified UK-focused REIT.
