All PropertyEU Archive articles – Page 799
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PropertyEU ArchiveAviva Investors pays €43m for Nowegian educational centre
Aviva Investors has acquired an education centre in Kristiansand, southern Norway on behalf of its Continental European Long Lease Strategy Fund (CELLS).
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PropertyEU ArchiveNSI secures €480m refinancing, lowers cost of debt
NSI, an Amsterdam-listed landlord with a €1 bn office portfolio, has reduced its cost of debt with a €480 mln refinancing agreement.
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PropertyEU ArchiveLondonMetric sells UK warehouse portfolios at 5.9% yield
UK REIT LondonMetric Property has sold four distribution and two industrial warehouses in the latest in a series of transactions. The six assets were divested for a total of £36 mln (€41 mln), reflecting a blended net initial yield of 5.9%.
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PropertyEU ArchiveAareal Bank re-appoints Merkens as board chairman
Aareal Bank has announced that Hermann Merkens has been re-appointed to another term of five years as chairman of the management board.
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PropertyEU ArchiveTristan fund acquires Cologne city centre complex
An opportunity fund advised by Tristan Capital Partners and Finch Properties has acquired a 40,000 m2, fully-occupied office complex in Sternengasse, Cologne city centre.
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PropertyEU ArchiveReal I.S. closes €1b European BGV fund, plans new launch
German asset manager Real I.S. has announced the closing of its BGV VII Europa real estate fund after raising around €600 mln of capital over the past 18 months.
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PropertyEU ArchiveAxiare, Colonial approve merger to create €10b Spanish office giant
Spanish listed property firms Inmobiliaria Colonial and Axiare Patrimonio said that their management boards have approved a merger of the two businesses to create an office giant with assets valued at more than €10 bn.
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PropertyEU ArchiveBerlin Hyp issues €500m green bond
German lender Berlin Hyp has issued its fifth Green Bond with a volume of €500 mln to refinance loans for energy efficient buildings.
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PropertyEU ArchiveCording, Israel's Migdal buy €55m German light industrial portfolio
Cording Real Estate Group, acting as local partner, has acquired three light industrial properties in association with Israeli insurance company and pension manager Migdal, from ThreadGreen Industrial, who was advised by Gramercy Europe.
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PropertyEU ArchivePGGM, Redevco launch €550m European CRE JV
Dutch pension fund PGGM's private real estate arm has joined forces with European retail specialist Redevco to launch a €550 mln European commercial real estate joint venture to be known as Urban Retail Ventures.
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PropertyEU ArchiveSpain's Azora to go public with €700m IPO
Spanish real estate investor and asset manager Azora Altus has announced plans to go public in a move aimed at consolidating its subsidiaries and growth of its fund business which is targeted to reach €8 bn of assets under management by 2022.
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PropertyEU ArchiveTristan fund acquires prime site for Wroclaw office development
An opportunity fund advised by Tristan Capital Partners has acquired a site with full development rights in the centre of the university city of Wroclaw, Poland’s fourth largest city, to build 22,365 m2 of prime office space with ancillary retail to be known as Infinity.
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PropertyEU ArchiveBreevast's Dutch portfolio to be auctioned off after firm loses ownership claim
The auction of Breevast's 55-property strong Dutch portfolio will go ahead as planned on 15 May after the Amsterdam-based property company lost a court injunction to prevent the sale by US hedge fund Davidson Kempner.
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PropertyEU ArchiveC&W appoints head of asset services in the UK
Cushman & Wakefield has hired CBRE's EMEA advisory & transaction services chief operating officer Louise Bonham as head of asset services UK.
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PropertyEU ArchiveHammerson rejects higher takeover offer from Klépierre
UK listed retail specialist Hammerson has discarded a fresh higher takeover bid from French peer Klépierre, saying it still 'very significantly' undervalues the company.
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PropertyEU ArchiveGermany reports €12b of deals in Q1 - CBRE
German commercial real estate reported around €12.1 bn of transactions in the first quarter of 2018, slightly down on the previous year's record result but still 70% above the ten-year average, according to broker CBRE.
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PropertyEU ArchiveGecina signs 1st sustainable improvement loan with ING
French office REIT Gecina said that it has secured its first sustainability performance-linked loan with its margin depending, among others, on its Environmental, Social and Governance (ESG) performance measured by its GRESB Rating (Global Real Estate Sustainability Benchmark).
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PropertyEU ArchivePanattoni Europe to build record 123,600 m2 facility for Leroy Merlin in Poland
Logistics property specialist Panattoni Europe said on Tuesday that it has signed an agreement to build the main warehouse facility for French home improvement hypermarket chain Leroy Merlin in Central Poland.
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PropertyEU ArchiveRDI sells €30m Leeds office at 5.8% yield
UK REIT RDI has exchanged contracts to sell the City Point office building in Leeds, UK to the West Midlands Pension Fund for £26 mln (€30 mln).
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PropertyEU ArchiveKnight Frank sells 307-bed Welsh student scheme to Crosslane, Harrison St
Broker Knight Frank has announced the sale of a UK development site with full planning consent for purpose-built student accommodation on behalf of NMJ Property Developments to Crosslane Student Developments.
