All Real Assets articles in Web Issue – Page 1338
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PropertyEU Archive
Union buys Lille office project from Icade for €45m
Germany's Union Investment has acquired the Ekla Business development project in the French city of Lille from local listed property developer Icade for €45 mln.
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PropertyEU Archive
Middle East investors swoop on €485m of European hotels - report
The sovereign wealth funds of Oman and Qatar are reportedly poised to acquire a number of European hotels in two separate deals worth a combined €485 mln.
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PropertyEU Archive
Schroders raises €148m for European REIT
Schroder Real Estate has raised £107 mln (€148 mln) in an initial placing in London and Johannesburg for its new European real estate investment trust (REIT).
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PropertyEU Archive
Swiss Life REIM lifts hotel fund AUM to €300m following 2nd deal
Swiss Life REIM (France) has lifted assets under management by its second hotel fund to over €300 mln following the acquisition of three assets in Paris.
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PropertyEU Archive
Standard Life raises €391m for 2nd Europe Club fund
Standard Life Investments has completed the final close for its second European Real Estate Club, raising over €391 mln of equity or the maximum target set for the fund.
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PropertyEU Archive
UK market to revert to fundamentals in 2016 - Savills
The UK real estate market will go back to fundamentals in 2016 with average total returns on commercial property investments slowing to 7.5% and the strong capital value growth story of recent years starting to wane, according to Savills research.
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PropertyEU Archive
LondonMetric sells WH Smith warehouse in Birmingham for €25m
LondonMetric Property has exchanged contracts to sell a WH Smith distribution warehouse in Birmingham to a UK institution.
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PropertyEU Archive
Tritax Big Box buys Liverpool distribution centre at 6.27% yield
Tritax Big Box has acquired a distribution centre in Liverpool for just over £42 mln (€58 mln), reflecting a net initial yield of 6.27%.
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PropertyEU Archive
Derwent London sells €46m hotel and office scheme
UK listed investor Derwent London has sold the Wedge House office scheme in London for £33.5 mln (€46 mln) to hospitality specialist Ennismore.
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PropertyEU Archive
London & Cambridge invests €51m in UK convenience retail
London & Cambridge Properties (LCP) has added 19 sites to its UK convenience retail portfolio for £36.6 mln (€50.9 mln).
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PropertyEU Archive
Klépierre, Entra scoop DNB's Oslo City complex in €528m deal
Paris-based retail property REIT Klépierre said on Monday that its 56.1%-controlled Steen & Strøm unit has agreed the acquisition of Oslo City, a retail and office complex located in the heart of the Norwegian capital, from insurer DNB livsforsikring.
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PropertyEU Archive
Ben Bannatyne named president of Prologis Europe
Ben Bannatyne has been appointed president of Prologis Europe to take over from Philip Dunne who is stepping down after seven years in the position.
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PropertyEU Archive
Cross-border investors flock to Milan - Knight Frank
Milan office investment volumes have surged during 2015 as improvements in the Italian economy help attract a wave of cross-border activity.
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PropertyEU Archive
Deka Immobilien sells Paris office scheme
German asset manager Deka Immobilien has announced the sale of an office building at rue Cambon in Paris' central business district to an unnamed buyer.
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PropertyEU Archive
Patrizia acquires 202,000m2 of retail in Germany
German asset manager Patrizia Immobilien has acquired a portfolio of 18 retail outlet stores and supermarkets in Germany from an unnamed property fund.
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PropertyEU Archive
Aareal provides €129m loan for Garden Tower buy in Frankfurt
German lender Aareal Bank has provided a €129 mln loan to Tristan Capital's Curzon Capital Partners IV fund to help finance its €175 mln acquisition of the Garden Tower office building in Frankfurt.
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PropertyEU Archive
Union Investment enters US hotel market with €164m buy
Hamburg-based Union Investment Real Estate has expanded its €2.5 bn hospitality portfolio to the US by buying a development project in Boston for $180 mln (€164 mln).
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PropertyEU Archive
Taiwanese insurer buys City of London office for €187m
Cornerstone Real Estate Advisers has sold a newly developed office building at 40 Gracechurch Street in the City of London to Taiwanese insurance company Shin Kong Life for £136 mln (€187 mln).
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PropertyEU Archive
European office vacancy levels at 4-year low - CBRE
Prime office space across Europe is in short supply with vacancy at the lowest level since 2012, according to real estate advisor CBRE.
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PropertyEU Archive
Hispania adds 5 hotels to new hotel JV with Barceló
Spanish REIT Hispania said on Monday that it has concluded the second phase of a joint venture agreement signed earlier this year with operator Grupo Barceló under which five hotels have been transferred to the Bay hotel arm.
