All PropertyEU Archive articles – Page 573
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PropertyEU ArchiveIngka Centres re-opens its Meeting Places in Italy
Ingka Centres, the shopping centre division of Ingka Group, an Ikea company, announced on Friday that a further three of its Meeting Places have re-opened, with malls in Italy and Spain joining those across Europe and China which had already resumed trading.
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PropertyEU ArchiveWeekly data sheet: Investors test market with new portfolios
Substantial portfolios in Germany and Ireland are newly available for sale, while Allianz Real Estate landed its first external investor for its €3 billion European debt fund.
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PropertyEU ArchiveOptima wins go-ahead for acquisition of Lone Star’s stake in €2.3b Polish landlord GTC
Hungarian investor Optima Thursday received approval from the local competition authorities to acquire private equity firm Lone Star Funds’ 61.5% stake in Warsaw-listed CEE-focused real estate developer Globe Trade Centre (GTC).
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PropertyEU ArchiveDWS, Societe Generale close €205m refinancing of Paris’ Défense Plaza
Asset manager DWS has partnered with Societe Generale Corporate & Investment Banking to complete a €205 mln refinancing secured by the Défense Plaza office scheme in Paris’ La Défense.
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PropertyEU ArchiveBVK is first third-party investor in Allianz’s €3b European debt fund
Allianz Real Estate has secured its first third-party client for its €3 bn Luxembourg-based debt vehicle, having received a commitment by German pension fund Bayerische Versorgungskammer (BVK) to take a €300 mln stake in a sub-fund alongside Allianz.
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PropertyEU ArchiveIWG raises £320m via share issue for M&A drive
UK office space provider IWG announced on Thursday that it will raise gross proceeds of £320 mln through the issue of new shares, as it looks to benefit from future demand for flexible workspace amid the coronavirus crisis.
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PropertyEU ArchiveCromwell sells a 6-asset portfolio in Helsinki
Australian real estate investor and manager Cromwell Property Group has announced the sale of a 6-asset portfolio, including four office buildings and two unbuilt plots in the Helsinki Metropolitan area, to a fund managed by EAB Group.
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PropertyEU ArchiveExpo Real's chances rise after Bavaria permits trade fairs from September
The prospects of Expo Real taking place as planned in October have increased following the Bavarian state government's decision to allow trade fairs to take place in the German region from 1 September.
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PropertyEU ArchiveMcArthurglen announces rent relief package for any centres closed
Europe’s designer outlet group McArthurGlen announced on Thursday that it is to offer its stores a new support package offering rent relief from the 1st of April through to the 31st of December 2020.
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PropertyEU ArchiveCommercial Park wins green light for major London office development
The Commercial Park Group - a partnership between UK property developer John Baker and Sir Robert McAlpine – said on Thursday that it has been granted planning permission for 140,000 sq ft (13,006 m2) of office buildings at Bromley Park in London.
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PropertyEU ArchiveConfidence rises in the flex space, survey shows
Around 42% of flexible office providers are now positive about the prospects for the next three months, compared to only 25% in April, according to Workthere’s second sentiment survey.
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PropertyEU ArchiveWorkplace will no longer be a single location, C&W says
Despite mostly working from home during the pandemic, productivity remained strong and team collaboration has reached new heights through better leverage of remote technology, according to a new survey carried out by C&W.
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PropertyEU ArchiveKKR commits $1b to form European data centre platform
KKR has linked up with data centre entrepreneur and executive Franek Sodzawiczny to establish Global Technical Realty (GTR), a build-to-suit and roll-up acquisition data centre platform in Europe.
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PropertyEU ArchiveSupermarket Income, BA fund buy 25% stake in major UK portfolio for €114m
UK REIT Supermarket Income has joined forces with the British Airways pension fund to buy a 25.5% stake in one of the UK’s largest portfolios of supermarket properties for £102 mln (€114 mln).
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PropertyEU Archive'Covid-19 clauses’ in UK leases being discussed
Real estate occupiers in the UK are requesting legal advice on introducing ‘Covid-19’ clauses into their leases.
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PropertyEU ArchiveASI weighs sale of €2.4b Nordic direct real estate business
Aberdeen Standard Investments (ASI) said this week that it is exploring the sale of its Nordic direct Real Estate business amid a real estate strategy review.
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PropertyEU ArchivePatrizia acquires German healthcare portfolio
European property group Patrizia said on Wednesday that it has acquired a portfolio of seven healthcare assets in Germany, on behalf of Patrizia Social Care Fund III, for an undisclosed amount.
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PropertyEU ArchiveHammerson CEO David Atkins to step down after a decade
Hammerson chief executive David Atkins will step down after over 10 years at the helm of the UK retail property firm.
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PropertyEU ArchiveAviva Investors appoints transaction head for Europe
Aviva Investors, the global asset management business of Aviva, has appointed Grégoire Bailly-Salins to the position of head of transactions for Continental Europe as it strengthens its pan-European real estate capabilities.
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PropertyEU ArchiveSweden’s Europi buys stake in Polish Capital Park at a bargain
Europi Property Group, a value-add platform launched last year by former Blackstone executive Jonathan Willén and Brunswick Real Estate Ventures, has acquired a 12.3% stake in Capital Park, a major owner, operator and developer of high-quality office and mixed-use assets in Warsaw.
